Sanxing Medical wins big in State Grid bids

Ningbo Sanxing Medical Electric (SSE:601567) announced that its wholly-owned subsidiary, Aux Smart Technology, has been identified as a pre-selected bidder in State Grid Corporation of China's 2025 East China region procurement projects. The bids cover 10kV transformers and complete sets of 10kV pole-mounted transformer equipment. The total value of the pre-selected bids is estimated at CNY 143.38 million. Specifically, the transformer project is valued at CNY 123.2455 million, while the pole-mounted transformer equipment project is valued at CNY 20.1352 million. The company noted that the exact timing of delivery depends on the specifics of the contracts, and that definitive agreements are still pending.