Pinggao Electric announced that the company, its subsidiary, and joint venture became the winning bidder for the fifth public tender procurement of substation equipment and direct procurement of substation equipment for the 2026 power transmission and transformation project of the State Grid Corporation. The total bid amount was about 998 million yuan, accounting for 7.97% of the 2025 revenue. Among them, the total bid amount won for the public tender procurement project was about 922 million yuan, and the total bid amount for the direct procurement project was about 76 million yuan. At present, the company has not signed a formal commercial contract with the relevant agency of the State Grid Corporation. The terms of the contract are still uncertain. The delivery time must be determined according to actual contract requirements, and there is uncertainty about the impact on the company's current performance.

Pinggao Electric announced that the company, its subsidiary, and joint venture became the winning bidder for the fifth public tender procurement of substation equipment and direct procurement of substation equipment for the 2026 power transmission and transformation project of the State Grid Corporation. The total bid amount was about 998 million yuan, accounting for 7.97% of the 2025 revenue. Among them, the total bid amount won for the public tender procurement project was about 922 million yuan, and the total bid amount for the direct procurement project was about 76 million yuan. At present, the company has not signed a formal commercial contract with the relevant agency of the State Grid Corporation. The terms of the contract are still uncertain. The delivery time must be determined according to actual contract requirements, and there is uncertainty about the impact on the company's current performance.