Pinggao Electric (600312.SH): Successfully bid for a total of approximately 1.818 billion yuan in State Grid projects.

The Zhitong Finance APP reported that Pinggao Electric (600312.SH) issued an announcement. Recently, State Grid Corporation of China's e-commerce platform released the "Third Tender Announcement for Transformer Equipment (including cables) for the 2026 Transmission and Transformation Project," the "Third Direct Purchase Announcement for Transformer Equipment for the 2026 Transmission and Transformation Project (single-source procurement)" and the "Third Equipment Tender Announcement for the 2026 UHV Project." The company and its subsidiaries and joint ventures are the winning bidders for the related projects, with a total bid amount of approximately 1.818 billion yuan, accounting for 14.53% of the company's operating income in 2025.