Jinguan Electric (stock code: 688517.SH) won the bid for a National Grid project worth 37.4316 million yuan.

Intelligent Wealth News App, Jinguang Electric (688517.SH) announced that recently, State Grid Corporation of China has released the list of winning bidders for the eighty-fifth batch of procurement in 2025 (the sixth round of bidding for transformer equipment (including cables)) and the eighty-seventh batch of procurement (the second round of 35-220 kV equipment stock bidding for transformer projects). The company and its wholly-owned subsidiary, Nanyang Jinguang Intelligent Switch Co., Ltd., won the bid for 3 packages of lightning arresters and switch cabinets, with a total bid amount of 37.4316 million yuan, accounting for approximately 5.04% of the company's operating income in 2024. The implementation of the bid contract will have a positive impact on the company's future business performance.