Recently, the State Grid and China Southern Power Grid have issued a series of project bid announcements. On the evening of March 11, more than 10 listed companies disclosed that they had won bids in related projects, and it is expected that the performance of the contract will have a positive impact on the company's business activities and performance.

Among the related projects of the State Grid, China Xidian (601179) announced that 12 of its subsidiaries won the bid for power transmission and transformation procurement projects, involving transformers, combined electrical appliances and other products, with a total bid amount of 1.443 billion yuan, accounting for 6.92% of the company's operating income in 2023; Pinggao Electric (600312) and its subsidiaries won the bid for 34 power transmission and transformation projects, with a total amount of about 1.391 billion yuan, involving combined electrical, circuit breakers and other products, accounting for 12.56% of the company's operating income in 2023. On January 21, China Xidian and Pinggao Electric respectively disclosed that they had won the bid of 1.707 billion yuan and 773 million yuan in other batches of procurement by the State Grid.

Han Cable Co., Ltd. (002498) and its subsidiaries won the bid for cables, accessories and ground wires, with a total amount of about 559 million yuan, accounting for 5.79% of the company's operating income in 2023; Oriental Tower (002545) and its subsidiaries won a total of about 383 million yuan, accounting for about 9.56% of the company's operating income in 2023. The winning project of Fengfan Co., Ltd. (601700) involves tower and frame activities, with a winning bid amount of about 251 million yuan, accounting for 7.33% of the operating income in 2023; The four subsidiaries of Changdian High-tech (002452) won the bid for a total of 208 million yuan, accounting for 13.91% of the company's audited consolidated operating income in 2023.

In addition, four companies, including Hongsheng Huayuan and Tongda Co., Ltd., announced that they had pre-won the bid for the China Southern Power Grid Corporation project.

Among them, the winning bids of Hongsheng Huayuan (601096) subsidiaries involve 35kV-220kV substation steel structures, AC angle steel towers and other products, with a pre-bid amount of about 842 million yuan, accounting for 9.05% of its operating income in 2023; Tongda Co., Ltd. (002560)'s bid-winning products include 35kV-500kV aluminum-clad steel strands, 20kV and below steel-core aluminum strands, etc., with a total value of 769 million yuan, accounting for about 13.80% of the company's total operating income in 2023; The winning bid amount of the subsidiary of Tongguang Cable (300265) is about 140 million yuan, accounting for 5.98% of the operating income in 2023; Jinguan Electric (688517) won the bid amount of about 50.9832 million yuan, accounting for 6.87% of the company's operating income in 2024 (unaudited).

At present, the above-mentioned bid-winning information is in the publicity stage, the contract has not been formally signed, and the specific content and implementation period of the contract will be subject to the formally signed contract.