Core Viewpoint - The electric grid ETF (561380) has seen an increase of over 1%, indicating positive dynamics in the power equipment and grid equipment industry, driven by robust demand for grid infrastructure and technological advancements [1]. Industry Summary - The third batch of bidding for State Grid metering products has commenced, with a total of 16.96 million electric meters being bid, including A-level single-phase and B-level three-phase smart electric meters, reflecting steady demand for grid infrastructure [1]. - The "Qinggui" DC project has entered the feasibility study stage, utilizing ±800 kV ultra-high voltage direct current technology, which is expected to deliver 36 billion kWh of electricity annually to Guangxi, with 69% of this from clean energy, highlighting the importance of cross-regional transmission and renewable energy consumption [1]. - The OCP Global Summit is focusing on technological innovations, with trends such as modular AI infrastructure platforms, 250 kW two-phase cooling systems, and 800V DC power supply architectures likely to reshape the energy framework and drive industry upgrades [1]. - Overall, sustained investment in the electric grid, combined with technological iterations, maintains a high level of industry prosperity [1]. Company Summary - The electric grid ETF (561380) tracks the Hang Seng A-share Electric Grid Equipment Index (HSCAUPG), which selects listed companies involved in the manufacturing of transmission, transformation, distribution, and control equipment from the Chinese A-share market, reflecting the overall performance of securities related to electric grid equipment [1]. - The index components primarily cover the power equipment and related technology service sectors, concentrating on the trends in China's electric grid construction and intelligent upgrades [1].

Group 1 - The company received a bid notification from State Grid Corporation of China and State Grid Materials Co., Ltd. on September 23, 2025 [1] - The company won the bid for the "State Grid Corporation of China 2025 Fifth Batch Procurement (Marketing Project Second Metering Equipment Tender Procurement)" project [1] - The company secured a total of 6 bid packages, including A-level single-phase smart electric meters, B-level three-phase smart electric meters, C-level three-phase smart electric meters, and special transformer collection terminals, with a total bid amount of approximately 73.1221 million yuan [1] Group 2 - The contracts related to the awarded projects are to be signed within 30 days from the receipt of the bid notification [1] - The performance period will be determined based on the final signed contracts [1]

Group 1 - Multiple listed companies in A-shares have disclosed large orders since September, indicating a structural recovery in industry demand and vibrant core sectors [1][2] - Suzhou Ruima Precision Industrial Group announced a sales forecast of approximately 556 million yuan for air spring assemblies in a new energy vehicle project, marking a breakthrough in domestic precision manufacturing [1] - Jiangsu Linyang Energy won a bid for smart electric meters totaling 142 million yuan, which is 2.1% of its audited revenue for 2024, expected to positively impact its performance in 2025 and 2026 [1] Group 2 - Zhejiang Transportation Technology announced winning bids for highway construction projects totaling about 7.2 billion yuan, which aligns with its strategic business layout and could enhance its market competitiveness in the Yangtze River Delta [2] - Hubei Jing Shan Light Industry Machinery signed a procurement agreement worth approximately 1.005 billion yuan with a leading lithium battery company, representing 11.52% of its audited revenue for 2024, anticipated to positively affect future performance [2] - Recent large orders for listed companies are attributed to the implementation of relevant industrial policies and the upgrading of industries, driven by initiatives like "dual carbon" actions and the shift towards intelligent new energy vehicles [2]

Core Viewpoint - Wan Sheng Intelligent (300882.SZ) has received a bid notification from State Grid Corporation of China and State Grid Materials Co., Ltd. for various smart energy metering products, with a total bid amount of approximately 67.982855 million yuan, which is expected to positively impact the company's future operating performance [1] Group 1 - The company has been awarded a bid for A-level single-phase smart energy meters, B-level three-phase smart energy meters, specialized transformer collection terminals, low-voltage current transformers, and various voltage transformers [1] - The total bid amount of approximately 67.982855 million yuan accounts for about 7.25% of the company's audited operating income for the year 2024 [1] - The formal contract signing and successful implementation of the bid project are anticipated to have a positive effect on the company's future business performance without affecting its operational independence [1]

Core Viewpoint - The company Wan Sheng Intelligent (300882.SZ) has received a bid notification from State Grid Corporation of China, indicating a significant contract win that is expected to positively impact future operating performance [1] Group 1: Contract Details - The company won a bid for various smart energy metering devices, including A-level single-phase smart energy meters, B-level three-phase smart energy meters, and other related equipment [1] - The total bid amount is approximately 67.982855 million yuan, which accounts for about 7.25% of the company's audited revenue for the fiscal year 2024 [1] Group 2: Future Implications - The signing of the formal contract and successful implementation of the project is anticipated to have a positive effect on the company's future operating performance [1] - The contract win is not expected to affect the company's operational independence [1]

Group 1 - The company has received a "Notice of Winning Bid" from State Grid Corporation of China, confirming its status as one of the recommended bidders for the 2025 fifth batch procurement (second bidding for metering equipment) [1] - The awarded goods include Class A single-phase smart electric meters, Class B three-phase smart electric meters, and special transformer collection terminals, with a total bid amount of approximately 67.9829 million yuan [1] - This bid amount represents about 7.25% of the company's audited revenue for the fiscal year 2024, indicating a significant potential impact on future operating performance [1] Group 2 - The company has not yet signed a formal contract with State Grid Corporation or its subsidiaries, and the specific terms and settlement amounts will be determined upon the final contract signing [1]

Core Viewpoint - The company, Wansheng Intelligent, has received a bid notification from State Grid Corporation of China and State Grid Materials Co., Ltd., indicating a successful bid for various smart metering equipment with a total contract value of approximately 67.983 million yuan [1] Group 1 - The company won the bid for A-level single-phase smart electric meters and B-level three-phase smart electric meters [1] - The contract also includes specialized collection terminals, low-voltage current transformers, and various voltage and current transformers for 10-35kV and 10kV [1] - The total bid amount is approximately 67.983 million yuan, which reflects the company's capability in the smart metering sector [1]

Core Viewpoint - LinYong Energy (601222.SH) has won a bid from State Grid Corporation of China and State Grid Materials Co., Ltd. for the procurement of various smart electric meters and terminals, with a total bid amount of approximately 141.88 million yuan [1] Group 1 - The company received a bid notification on September 24, 2025, for the "53rd Batch Procurement of State Grid Corporation of China (Second Measurement Equipment Bidding Procurement)" [1] - The company won bids for 10 packages, including A-level single-phase smart electric meters, B-level three-phase smart electric meters, C-level three-phase smart electric meters, smart integration terminals, and dedicated transformer collection terminals [1] - The total bid amount is approximately 141.88 million yuan [1]

Core Viewpoint - Canaan Intelligent has won a bid from State Grid Corporation of China for the procurement of smart electric meters and related equipment, indicating a significant business opportunity for the company in the energy sector [1] Group 1: Bid Details - On September 23, 2025, Canaan Intelligent received a bid notification from State Grid Corporation and State Grid Materials Corporation for the "53rd Batch Procurement of State Grid Corporation 2025 (Second Measurement Equipment Tender Procurement)" [1] - The company won a total of 6 bid packages, including A-level single-phase smart electric meters, B-level three-phase smart electric meters, C-level three-phase smart electric meters, and specialized transformer collection terminals [1] - The total bid amount is approximately 73.1221 million yuan [1] Group 2: Contractual Obligations - The relevant contracts for the awarded projects are to be signed within 30 days of receiving the bid notification [1] - The performance period will be determined based on the final signed contracts [1]

Core Viewpoint - Jiangsu Linyang Energy Co., Ltd. has won multiple bids in the State Grid Corporation of China's procurement project, indicating a strong position in the smart energy meter market [1] Group 1 - The company received a bid notification from the State Grid Corporation and State Grid Materials Co., Ltd. on September 24, 2025 [1] - The company won bids for 10 packages in the "53rd batch of procurement in 2025" by the State Grid Corporation [1] - The total bid amount is approximately 141.8829 million yuan [1]