China XD Electric's subsidiary has won the bid for a related project of State Grid Corporation of China, with a winning amount of 18.99 billion yuan.

China XD Electric (601179.SH) announced that on June 12, 2026, State Grid Corporation's e-commerce platform issued a bid-winning announcement for the second time for the procurement of equipment for the State Grid Corporation's 2026 ultra-high voltage project. Six subsidiaries of the company were among the winning bidders. According to the aforementioned bid-winning announcement, six subsidiaries of the company - Xi'an Xidian Transformer Co., Ltd., Chengdu Xidian Zhongte Electric Co., Ltd., Xi'an Xidian Switchgear Co., Ltd., Xi'an Xidian High Voltage Switchgear Co., Ltd., Xi'an Xidian Power Capacitor Co., Ltd., and Xi'an Xidian Arrester Co., Ltd. - were among the winning bidders for the project, securing contracts for transformers, switchgear, circuit breakers, capacitors, transformers, arresters, and other products, with a total contract amount of 18.9876 billion yuan. The company's operating income for 2025 was 237.5642 billion yuan.