According to China Xidian's announcement, State Grid Co., Ltd. announced the winning bid results for the fifth public tender and procurement of substation equipment for the 2026 power transmission and transformation project. The 12 subsidiaries under the company were the relevant winners and won the bid for transformers, reactors, combination electrical appliances, etc., with a total bid amount of 1,115 billion yuan. The company's revenue for 2025 was 23.756 billion yuan. Currently, the company has not signed a formal commercial contract with the relevant agencies of the State Grid. There is uncertainty about the terms of the contract and its impact on current results.

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