Dongfang Cable: Won Bids Totaling 2.146 Billion Yuan for Offshore and Onshore Cable Projects
Dongfang Cable announced on March 21 that it had recently received notices of bid winning and related website announcements, confirming the company as the bid winner for several sea and land cable projects. The projects included the second batch framework tender project for main and distribution network line materials of China Southern Power Grid in 2024 (382 million yuan), the EPC project for the second section of the three-core 500kV submarine cable of CGN Yangjiang Fanshi (consortium) (900 million yuan), and the EPC project for the 66kV submarine cable of Three Gorges Yangjiang Qingzhou Five and Seven (864 million yuan). The total bid-winning amount for these projects was approximately 2.146 billion yuan, and the fulfillment of these contracts will have a positive impact on the company's future operating performance.Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
