[Hongsheng Huayuan: The winning bid for the State Grid project is approximately 725 million yuan] On November 5, Hongsheng Huayuan (601096.SH) announced that the company’s subsidiaries have recently won the bid for the State Grid’s 2026 power transmission and transformation project. In the fifth public bidding for installation materials and UHV projects, a total of 26 bid packages including angle steel towers and steel pipe towers were won. The winning bid amount was approximately 725 million yuan, accounting for approximately 7.57% of the company's audited revenue in 2025. After the project is signed, it will have a positive impact on the company's operating performance, but a formal contract has not been signed yet, so there is uncertainty.