Zhitong Finance App News, Dingxin (603421.SH) announced that on May 7, 2024, the company received the “Notice of State Grid Hubei Electric Power Co., Ltd. on the Handling of Supplier Misconduct” (No. 2024-5) from the State Grid Hubei Electric Power Co., Ltd., and the company was blacklisted by the State Grid Hubei Electric Power Co., Ltd. in the centralized bidding process in Hubei Province for 2 years from February 23, 2024 to February 22, 2026.

According to reports, since the scope of processing only includes Hubei Province, the processing results of the State Grid have not yet been announced, so the impact of the announcement on the company's national grid winning operations and performance is uncertain. Assuming that the State Grid's fusing period for the company is 1 year. According to estimates of the company's winning bid amount and confirmed revenue in the national grid system in the past two years, the “fusing mechanism” will cause the company's total revenue to drop by about 1.65 billion yuan in the next 3-4 years, reduce the company's revenue by about 550 million yuan in 2024, and reduce the company's revenue by about 870 million yuan in 2025.