Multiple successful bids boost momentum; listed companies experience strong growth.

Securities Daily reporter Li Wenshan

Since 2026, multiple A-share listed companies have disclosed announcements regarding order signings and project awards, which, overall, show a strong growth momentum.

According to Wind Information data compiled as of April 2, judging by the size of orders and awarded bids, since the beginning of this year, single transactions by listed companies have covered tens of millions of yuan, hundreds of millions of yuan, and even projects at the scale of billions of yuan. Moreover, the frequency of order disclosures has also increased significantly compared with the same period last year. In terms of the covered fields, orders and awarded projects have shown a pattern of “laying a solid foundation for traditional industries while driving growth in emerging industries.” Sectors such as new energy and supporting services for artificial intelligence account for a relatively large share.

“Since the start of the year, many listed companies’ orders have shown ‘increasing quantity and improving quality.’ This is mainly attributable to a surge in demand driven by both domestic and overseas dual engines. On one hand, overseas markets have undergone a qualitative shift from ‘labor export’ to ‘exporting capital goods and solutions,’ bringing incremental demand. The ‘overseas’ expansion of traditional infrastructure construction and high-end equipment has formed a systemic output across the industrial chain. On the other hand, domestic endogenous demand, represented by new-quality productive forces, has been concentrated and released. From computing power infrastructure to new power systems, capital expenditures in high-prospect sectors are being transmitted along the industrial chain, and companies’ demand is emerging.” Gong Huijing, Chief Strategy Analyst at the Research Institute of Wanlian Securities, said in an interview with Securities Daily reporter Li Wenshan.

Specifically, the high-end manufacturing and energy infrastructure fields have become the core areas for order surges, and leading companies continue to stay ahead.

On April 2, Jiangsu Jinzhi Technology Co., Ltd. issued an announcement stating that the company won bids for transmission and transformation and distribution network-related projects of State Grid Corporation of China and its affiliated subsidiaries. The winning bid amount was 61.0026 million yuan. The company’s wholly owned subsidiary, Jiangsu Dongda Jinzhi Information System Co., Ltd., also won the “Wanhua Chemical Group Co., Ltd. 2026–2028 Information Engineering Project,” with a winning bid amount of 16.7550 million yuan. The total winning bid amount for the above projects was 77.7576 million yuan.

Henan Pinggao Electric Co., Ltd. released a bid-award announcement on April 1, stating that the company won multiple projects from State Grid Corporation of China, with a total winning bid amount of 1.22B yuan. The awarded products cover core equipment such as combination switchgear and circuit breakers.

At the same time, the order transmission effect across the computing power industry chain continues to show. In mid-January, Hangzhou Pingzhi Information Technology Co., Ltd. became the first preferred candidate for Bid Segment 1 of the intelligent computing services project of Zhejiang Lingai Future Technology Co., Ltd. with a bid amount of 489 million yuan. In early February, Shanghai Chengdi Xiangjiang Data Technology Co., Ltd.’s wholly owned subsidiary, Xiangjiang System Engineering Co., Ltd., and Shanghai Qishi Cloud Computing Co., Ltd., as members of a consortium, became preferred candidates for the “China Mobile Yangtze River Delta (Yangzhou) Data Center MEP Engineering EPCO Framework Procurement Project (Bid Package 1),” with an estimated bid price of about 1.22 billion yuan.

In the energy storage sector, Guangzhou Zhiguang Electric Co., Ltd. (hereinafter referred to as “Zhiguang Electric”) released an announcement on February 13. Its controlling subsidiary, Guangzhou Zhiguang Energy Storage Technology Co., Ltd., recently signed an energy storage equipment order contract with China Power Construction Group Hebei Electric Power Survey, Design and Research Institute Co., Ltd., with a total contract amount of 210 million yuan.

“Currently, our company has sufficient energy storage orders and is expediting production and delivery. In addition, our overseas-facing products have obtained certifications in the European Union. Earlier this year, we signed orders for several hundred units of industrial and commercial energy storage cabinets with countries such as Greece and Malaysia. In the future, the company will further increase efforts to expand overseas business.” A person from Zhiguang Electric’s board secretary office told Securities Daily reporter Li Wenshan.

In the traditional infrastructure construction field, Zhejiang Construction Investment Group Co., Ltd. released an announcement on April 2. Its subsidiary, Huaying Construction Co., Ltd., recently received a bid-award notice and successfully won an engineering project—Phase I of the Tianhua Road public housing development project—with a bid price of approximately HK$1.4 billion.

Meanwhile, the overseas market has become an important growth engine for order increases among A-share companies, and companies’ pace of “going global” continues to accelerate. From March 12 to March 14, China Power Construction Co., Ltd. consecutively released announcements on the signing of material contracts. The announcements involve three major overseas projects with a total contract value of over 25 billion yuan, including a design-build general contracting contract for a highway project with Montenegro Highway Co., Ltd. valued at 5.64B yuan; an EPC contract for the 2.1GW + 7.75GWh solar-plus-storage project (RTC2.1GW+7.75GWh) in Abu Dhabi, UAE, valued at 13.96B yuan; and a construction general contracting contract for Indonesia’s TMS nickel mining project valued at 5.46B yuan. This enables expansion from traditional infrastructure construction to resource-development engineering general contracting.

On March 5, Shenghui System Integration Group Co., Ltd. released an announcement stating that the company’s controlling subsidiary under it won the “Thailand Pengsheng PA03 power and first fit-out electrical and mechanical engineering” project and received the related order. The total order price reached 1.09 billion Thai baht, which is equivalent to approximately 242 million yuan (excluding tax). The company’s related personnel said externally: “This order will benefit the development of our overseas business and will have a positive impact on performance.”

Gong Huijing believes that the increase in orders among listed companies during this year is not only a signal of current economic recovery, but also the starting point of long-term industrial trends. Capital is accelerating its concentration from traditional sectors into the new-quality productive forces track represented by “new energy + AI.” Leading companies with technological barriers, global deployment capabilities, and industrial-chain integration capabilities will secure core advantages in this round of structural recovery.