Core Viewpoint - The company has announced a pre-bid win for a significant procurement project from the State Grid Corporation of China, which is expected to positively impact its future operations and financial performance [1]. Group 1: Project Details - The total value of the pre-bid project is approximately RMB 133 million, accounting for about 2.14% of the company's projected total revenue for 2024 [1]. - The specific items included in the bid are energy-saving wires and conventional wires, with bid prices of RMB 58.427 million and RMB 58.7295 million, respectively [1]. Group 2: Financial Impact - The anticipated procurement is expected to have a positive effect on the company's future business activities and performance [1].

Core Insights - Tongguang Cable's wholly-owned subsidiaries, Tongguang Qiangneng and Tongguang Cable, have been announced as candidates for the 65th batch of procurement by State Grid Corporation of China for 2025, specifically for the fifth round of bidding for transmission and transformation project materials [1] Summary by Categories Procurement Details - Tongguang Qiangneng is expected to win bids for energy-saving conductors and conventional conductors, with bid amounts of 99.65 million yuan and 19.28 million yuan respectively [1] - Tongguang Cable is anticipated to win a bid for OPGW cables, with a bid amount of 18.87 million yuan [1] - The total expected bid amount is approximately 138 million yuan [1] Financial Impact - The expected bid amount represents about 5.31% of the company's audited total revenue for 2024, indicating a positive impact on future operating performance [1] Current Status - The projects are currently in the pre-bid announcement stage, and there remains uncertainty regarding the finalization of actual orders [1]

Core Viewpoint - Tongguang Cable (300265) announced its subsidiaries Tongguang Qiangneng and Tongguang Cable participated in the State Grid Corporation of China's procurement for transmission and transformation projects, indicating a significant business opportunity for the company [1] Summary by Category Company Developments - Tongguang Qiangneng is expected to win a bid for energy-saving wires worth 99.65 million yuan (approximately 14.1 million USD) and conventional wires worth 19.28 million yuan (approximately 2.7 million USD) [1] - Tongguang Cable is anticipated to win a bid for OPGW cables valued at 18.87 million yuan (approximately 2.7 million USD) [1] Financial Impact - The total expected contract value of 138 million yuan (approximately 19.5 million USD) represents about 5.31% of the company's audited revenue for 2024 [1]

Core Viewpoint - The company has won bids in the State Grid Corporation of China's 2025 procurement, which is expected to positively impact future operating performance, although there remains uncertainty regarding the actual order fulfillment and delivery [1] Summary by Categories Procurement Details - The company's wholly-owned subsidiaries, Tongguang Qiangneng, Tongguang Optical Cable, and Tongguang Information, participated in the 49th batch of procurement by the State Grid Corporation [1] - The total bid amount is approximately 1.08 billion yuan, which includes 65.48 million yuan for energy-saving wires, 23.65 million yuan for conventional wires, 12.49 million yuan for ADSS optical cables, and 6.43 million yuan for optical cable accessories [1] Financial Impact - The bid amount represents about 4.17% of the company's audited total revenue for 2024 [1] - The successful bids are anticipated to have a positive influence on the company's future financial performance [1]