[Changgao Electric: A wholly-owned subsidiary won the bid for a State Grid procurement project worth approximately 230 million yuan] On November 4, Changgao Electric announced that the e-commerce platform of State Grid Corporation of China released the "Announcement on Winning the Bid for the Fifth Public Bidding Procurement of Transformation Equipment (Including Cables) for the Power Transmission and Transformation Project of State Grid Corporation of China in 2026" and the "Announcement of the Success of the Fifth Direct Procurement of Transformation Equipment (Single Source) for the Fifth Power Transmission and Transformation Project of State Grid Corporation of China in 2026". The company's wholly-owned subsidiaries Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Complete Electrical Appliance Co., Ltd., and Hunan Changgao Senyuan Electric Power Equipment Co., Ltd. respectively won the bids for three types of products: combined electrical appliances, isolating switches, and switch cabinets. The total winning bids were approximately 230 million yuan, accounting for 13.84% of the company's consolidated operating income in 2025.