Changgao Electric: Wholly-Owned Subsidiaries Win About RMB 230 Million in State Grid Procurement Project

36Kr learned from a Changgao Electric announcement that the State Grid Corporation of China's e-commerce platform published the winning bid notice for the 'State Grid Corporation of China 2026 Fifth Substation Equipment (Including Cables) Public Tender Procurement' and the transaction notice for the 'State Grid Corporation of China 2026 Fifth Substation Equipment Direct Procurement (Single Source).' The company's wholly-owned subsidiaries Hunan Changgao Electric Co., Ltd., Hunan Changgao High-Voltage Switchgear Co., Ltd., Hunan Changgao Complete Electrical Equipment Co., Ltd., and Hunan Changgao Senyuan Power Equipment Co., Ltd. won bids in the gas-insulated switchgear, disconnector, and switchgear cabinet tender categories, respectively, with a combined total of about RMB 230 million, equal to 13.84% of the company's consolidated operating revenue for 2025.