Canaan Inc. (300880.SZ) won the bid for a national power grid related project worth 73.12 million yuan.

Zhixun Finance APP, Canaan Intelligent (300880.SZ) issued an announcement that on September 23, 2025, the company received a notice of winning the bid from State Grid Corporation and State Grid Materials Corporation for the "State Grid Corporation's 53rd batch of procurement in 2025 (second round of bidding and procurement for measurement equipment in marketing projects)" project (tender number: 0711-25OTL08322016). The company was awarded the bid for this project for A-grade single-phase smart energy meters, B-grade three-phase smart energy meters, C-grade three-phase smart energy meters, and special transformer acquisition terminals, totaling 6 bid packages with a total bid amount of approximately 73.1221 million yuan. The relevant contracts for the above-mentioned winning bid projects will be signed within 30 days from the date of receiving the notice, and the performance period will be based on the contract finally signed.