未知机构：国网2026年招标启动电表补招在即本次为2025-20260210

Summary of the Conference Call Industry Overview - The document pertains to the power industry, specifically focusing on the State Grid Corporation of China and its upcoming bidding activities for 2026. Key Points and Arguments - The State Grid is initiating the bidding process for 2026, with a supplementary bid for 2025's third batch, maintaining the same bidding volume as previously announced for this batch [1]. - A total of approximately 16.95 million smart meters are to be bid on, categorized as follows: - Class A: 14.91 million units - Class B: 1.69 million units - Class C: 0.34 million units - Class D: 0.0102 million units - High-end electric meters: 2,915 units [1]. - For transformers, the current bidding includes 882 units, which represents 13% of the total planned for 2025 [1]. - The bidding for switchgear includes 1,472 units, accounting for 9% of the total for 2025 [1]. - In terms of protection and monitoring equipment, the bidding includes: - 3,952 units of protection devices, representing 10% of the total for 2025 - 284 sets of substation monitoring equipment, showing a year-on-year increase of 8%, which accounts for 12% of the total for 2025 [1]. - The expected opening date for both bidding processes is March 2, 2025 [1]. Additional Important Information - The document emphasizes the consistency in bidding volumes compared to previous announcements, indicating a stable demand in the power equipment sector [1].