Changgao Electric Subsidiaries Win $26M State Grid Tenders, Boosting 2026 Revenue Outlook

Published: Mar 31, 2026 20:08

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According to Cailian Press, Changgao Electric (002452.SZ) announced that four subsidiaries, including its wholly owned subsidiaries Hunan Changgao Electric Co., Ltd. and Hunan Changgao High Voltage Switch Co., Ltd., collectively won tenders worth 181 million yuan for three categories of products—combined electrical appliances, disconnectors, and switchgear—in the State Grid Corporation of China's 2026 power transmission and transformation project tender. The winning bid amount accounted for 10.31% of the company's audited consolidated operating revenue in 2024. After the contracts are signed, they are expected to have a positive impact on the company's operating performance in 2026 and will not affect the company's independence.

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