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[Changgao Electric: Wholly-owned subsidiaries won a total of 299 million yuan in the bid for the State Grid Project] On September 8, Changgao Electric (002452.SZ) announced that the company’s wholly-owned subsidiaries Hunan Changgao Electric, Hunan Changgao High Voltage Switch, Hunan Changgao Complete Electrical Equipment, Hunan Changgao Senyuan Power won the bid for three types of products: combination appliances, isolating switches, and switch cabinets in the fourth transformer equipment bidding for the State Grid’s power transmission and transformation project in 2026. The total bid amount was 299 million yuan, accounting for 17.96% of the company’s audited consolidated revenue in 2025.
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