Pinggao Electric: The company and its subsidiaries and joint ventures win the State Grid project

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EveryDay AI Express, Pinggao Electric (SH 600312, closing price: 20.28 yuan) released an announcement on the evening of March 31. It was reported that, recently, the electronic commerce platform of State Grid Corporation of China published the following notices: “State Grid Corporation of China 2026 Substation and Transmission Project—First Public Bidding for Substation Equipment (Including Cables) Bid Winning Announcement”; “State Grid Corporation of China 2026 Substation and Transmission Project—First Direct Procurement of Substation Equipment (Single Source) Transaction Announcement”; “State Grid Corporation of China 2026 Ultra-High Voltage Project—First Equipment Public Bidding Procurement Bid Winning Announcement”; and “State Grid Corporation of China 2026 Qinghai–Tibet Railway Electrification External Power Supporting Project—First Added Substation Equipment Public Bidding Procurement Bid Winning Announcement.” The company and its subsidiaries and joint ventures are the winning units for the relevant projects. The total bid-winning amount is approximately 1.22B yuan, accounting for 9.86% of the company’s operating revenue in 2024.

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(Reporter Wang Xiaobo)

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