Sanxing Medical subsidiary wins major grid contract

Ningbo Sanxing Medical Electric announced that its wholly-owned subsidiary, Ningbo Aux Smart Technology, has been pre-selected for a major contract under China Southern Power Grid’s 2025 distribution network equipment framework tender. The estimated value of the pre-bid is CNY 30,611.48 thousand. The project includes a range of equipment such as 10kV oil-immersed transformers, dry-type transformers, prefabricated substations, and insulated switchgear. The formal contract execution and timing of revenue recognition remain subject to further confirmation.