According to Beijing Cree's announcement, the company was the winner of China Southern Power Grid's first batch of framework tenders for distribution equipment in 2026, with a total bid amount of about 304 million yuan, accounting for 14.15% of the company's 2025 audited revenue. The execution of the above project contract will have a positive impact on the company's business performance in 2026 and beyond. Up to now, the company has not obtained an official bid notice and signed a formal contract, and the actual execution amount may differ from the estimate.

According to Beijing Cree's announcement, the company was the winner of China Southern Power Grid's first batch of framework tenders for distribution equipment in 2026, with a total bid amount of about 304 million yuan, accounting for 14.15% of the company's 2025 audited revenue. The execution of the above project contract will have a positive impact on the company's business performance in 2026 and beyond. Up to now, the company has not obtained an official bid notice and signed a formal contract, and the actual execution amount may differ from the estimate.