Pinggao Electric announced that the company, its subsidiaries and joint ventures won the bid for the fourth public tender and direct procurement of substation equipment for the 2026 power transmission and transformation project of the State Grid Co., Ltd., with a total bid amount of about 936 million yuan, accounting for 7.48% of the 2025 revenue. Among them, the total winning bid amount for public tender procurement was about 850 million yuan, and the total winning bid amount for direct procurement was about 86 million yuan.

Pinggao Electric announced that the company, its subsidiaries and joint ventures won the bid for the fourth public tender and direct procurement of substation equipment for the 2026 power transmission and transformation project of the State Grid Co., Ltd., with a total bid amount of about 936 million yuan, accounting for 7.48% of the 2025 revenue. Among them, the total winning bid amount for public tender procurement was about 850 million yuan, and the total winning bid amount for direct procurement was about 86 million yuan.