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Samsung Electric (601567.SH) subsidiary signs US$132 million US data center energy storage oil conversion project contract
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Zhitong Finance App News, Samsung Electric (601567.SH) announced that Oaks Intelligent Technology, a wholly-owned subsidiary of the company, won the bid for the US data center energy storage and oil conversion project. The company provided oil-immersed transformer products as a supplier. The total contract amount was 132 million US dollars, or 885 million yuan.

The contract amount was approximately 885 million yuan, accounting for 6.16% of the company's audited revenue in 2025. The execution of the contract will have a positive impact on the company's operating work and operating performance, but it will not affect the company's business or operational independence. The signing of this contract is an important breakthrough for the company in the US power distribution business data center field. It is the result of the company's active exploration of overseas markets, which helps the company to continuously improve its overseas business layout and enhance its competitive advantage in overseas markets.

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