China XD Electric announced that its 12 subsidiaries are among the winners of the 55th batch of procurement by State Grid Corporation of China in 2024 (the fourth bidding and procurement of transformer and other electrical equipment, including cables). The products won include transformers, reactors, combination switchgear, circuit breakers, isolating switches, capacitors, transformers, and lightning arresters, with a total bid amount of 1.297 billion yuan. The company's operating revenue in 2023 was 20.848 billion yuan. After signing the relevant contracts, it will have a positive impact on the company's future business development. However, since the formal business contract has not been signed yet, the impact on the company's current performance is uncertain.
中国西电：下属12家子公司中标国家电网项目 总中标金额为12.97亿元
China XD Electric: Among the 12 subsidiaries, it won the bid for the State Grid Corporation of China project. The total bid amount is 1.297 billion yuan.
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