On January 7th, Gelonghui reported that Ningbo Sanxing Medical Electric (601567.SH) disclosed the investor relations activity record form, showing that against the backdrop of accelerating Global investment in the power grid, the company's Business is growing rapidly as one of the earlier domestic enterprises expanding overseas. By the end of Q3 2024, the company had a cumulative Order of 15.62 billion yuan, a year-on-year increase of 35.18%. The cumulative domestic Order was 9.374 billion yuan, with a year-on-year increase of 35.10%. The cumulative overseas Order was 6.246 billion yuan, a year-on-year increase of 35.30%; among which, the cumulative overseas distribution Order was 0.962 billion yuan, a year-on-year increase of 272.51%, reflecting rapid breakthroughs in the Business.

To meet the demand for production capacity due to the company's continuous Business growth, an announcement was made in January 2024 regarding the construction of a distribution base project in Ningbo Qianwan New Area. The project is planned to cover a total area of 505 acres and is expected to be constructed in two phases. The first phase will utilize 269 acres of land, primarily for the construction of a new energy box substation project with an annual output of 0.016 million sets and a new type of energy storage system equipment project with an annual output of 5GW, with an investment of about 2 billion yuan. Once at full capacity, the expected annual output value will be approximately 5 billion yuan.