According to the Zhitong Finance App, Shenma Electric (603530.SH) announced that the company won the bid for China Electric Equipment Group Co., Ltd.'s 2026 large-scale centralized procurement project for switch bushings and pillar insulators. It won a total of 21 bids, with a bid amount of about 235 million yuan. The scope of procurement of the project covers various types of external insulation products for power transmission and transformation equipment, such as composite bushings for composite electrical appliances, composite insulators for transformers, composite insulators for lightning arresters, etc.

Winning the bid is conducive to further deepening the business cooperation between the company and China Electric Equipment Group and its affiliated companies, expanding the application of new material external insulation products in the domestic field of high voltage and ultra-high voltage power equipment, and further consolidating the company's market competitiveness in the field of composite external insulation for power transmission and transformation equipment.

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