Samsung Electric (601567.SH) subsidiary pre-awarded approximately 205 million yuan project from Southern Power Grid.

Zhiyuan Finance APP news, Samsung Electric (601567.SH) announced that its wholly-owned subsidiary Ningbo Aux Smart Technology Co., Ltd. (referred to as Aux Smart Technology) has recently been recommended as a candidate for the first batch of framework bidding projects for distribution network equipment of the Southern Power Grid Company in 2026, with an expected contract value of approximately 205 million yuan. The successful bid for the above project is expected to have a positive impact on the companys operations and business performance, but will not affect its operational independence.