Core Points - China Southern Power Grid announced the results of the first batch of framework bidding projects for 2025 main network and distribution network materials [1][2] - Qingdao Hanlan Co., Ltd. won multiple bids including 35kV-500kV steel core aluminum stranded wire and various types of power cables [1] - The total estimated bid amount is approximately RMB 907 million, accounting for about 9.79% of the company's audited revenue for 2024 [1] Bidding Results - The company won bids for main network materials including steel core aluminum stranded wire and 220kV AC power cables [1] - The company also secured bids for distribution network materials such as insulated overhead cables and low-voltage AC power cables [1] - The contract execution is expected to positively impact the company's future operations and performance [2] Contract Status - As of the announcement date, formal contracts have not yet been signed, and there is uncertainty regarding the signing and execution dates [2]

Core Viewpoint - Hunan Hualing Cable Co., Ltd. has recently won contracts in the power and rail transit sectors, totaling approximately 423.39 million yuan, which represents 10.18% of the audited revenue for 2024 [1][3]. Group 1: Bidding Overview - In the power sector, the company won contracts for the following: - 10kV copper core cross-linked polyethylene insulated power cable (ant-proof and flame-retardant type) from Southern Power Grid, amounting to 120.10 million yuan [1]. - Low-voltage cable from Southern Power Grid, amounting to 130.00 million yuan [1]. - In the rail transit sector, the company secured contracts for: - Fire-resistant cable procurement for the Chongqing Rail Transit Line 24 from China Water Resources and Hydropower Fourth Engineering Bureau, amounting to 58.97 million yuan [2]. - Flame-retardant wire and cable procurement for the same project, amounting to 114.31 million yuan [2]. Group 2: Impact on Company Operations - The company is a leading manufacturer of special cables in China and a member of the National Wire and Cable Standardization Technical Committee, providing specialized, high-quality cable products for various sectors including aerospace, data communication, robotics, rail transit, and renewable energy [3]. - Winning these contracts reflects market recognition of the company's product quality and services, enhancing its influence and core competitiveness in the power and rail transit sectors [3]. - The execution of these contracts is expected to have a positive impact on the company's future operating performance, with plans to organize production and delivery according to contract requirements [3].