Jiangsu Shemar Electric (603530.SH) won a bid for the "Tibet Guangdong Project" Ultra High Voltage Project, with a contract value of approximately 37.5038 million yuan.

Jiangsu Shemar Electric (603530.SH) announced that recently, State Grid Corporation of China has released a winning bid announcement for the second equipment public tender of the State Grid Corporation of China's 2026 ultra-high voltage project through its e-commerce platform. The company has won the bid for the 800 kV ultra-high voltage DC transmission project from Southeast Tibet to the Guangdong-Hong Kong-Macao Greater Bay Area (referred to as the "Tibet-Guangdong Project"), with a winning amount of approximately 37.5038 million Yuan, which is the largest sub-package in the pillar insulator category. If the company is able to sign a formal project contract and successfully implement it in the future, it will have a positive impact on the company's performance, and will also further enhance the company's brand advantage in the field of ultra-high voltage engineering.