Pinggao Electric (600312.SH) wins State Grid projects with total bid amount of approximately 998 million yuan.

Zhitong Finance APP News, Pinggao Electric (600312.SH) issued an announcement that recently, the E-commerce Platform of State Grid Corporation of China released the "State Grid Corporation of China 2026 Power Transmission and Transformation Project Fifth Substation Equipment (including cables) Public Bidding Procurement Award Announcement" and "the company and its subsidiaries Henan Pingzhi High Voltage Switchgear Co., Ltd., Tianjin Pinggao Intelligent Electric Co., Ltd., Shanghai Pinggao Tianling Switchgear Co., Ltd., Henan Pinggao General Electric Co., Ltd., Pinggao Group Weihai High Voltage Electrical Apparatus Co., Ltd., as well as the joint venture Pinggao Toshiba (Langfang) Surge Arrester Co., Ltd. are the winning bidders for the relevant projects, with the total winning bid amount of approximately 998 million yuan, accounting for 7.97% of the 2025 operating revenue.