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Changgao Electric Group Nabs 235-Million-Yuan in Bids From China's State Grid
Changgao Electric Group (002452.SZ): Subsidiaries collectively won bids for approximately 0.235 billion yuan in State Grid projects.
On May 7, Glonghui reported that Changgao Electric Group (002452.SZ) announced that on May 7, 2025, the E-Commerce platform of the State Grid Corporation released the "State Grid Corporation's 23rd batch of procurement announcement for 2025 (the second procurement of substation equipment (including cables) for the power transmission and transformation project)" and the "State Grid Corporation's 24th batch of procurement transaction announcement for 2025 (single-source procurement of substation equipment for the second power transmission and transformation project)." Changgao Electric Group's subsidiary Hunan Changgao Electric Co., Ltd., which is 100% included in the consolidated financial statements, Hunan Chang.
Changgao Electric Group: The three major production base projects will commence successively. The 550kV combined electrical devices are expected to ramp up production this year | Directly covering the Earnings Conference.
① The company has initiated expansion and quality improvement projects at the three production bases in Ningxiang, Wangcheng, and Hengyang. ② The Jinzhou Phase III project includes a 1000kV GIS equipment plant and a clean room for complete gas-insulated switchgear products, which is scheduled to start construction in June this year and commence production next year, while the GIL assembly plant is planned to start production by the end of this year.
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