Samsung Medical poised for major China Southern Power Grid contract

Ningbo Sanxing Medical Electric has been listed as a recommended candidate for a substantial contract in the China Southern Power Grid's 2025 first batch of metering equipment framework bidding. The company anticipates the pre-winning bid to be approximately CNY 274.33 million. This potential contract involves various metering devices, including single-phase and three-phase smart energy meters, smart gateway meters, smart measurement terminals, and broadband dual-mode communication modules.

The pre-winning bid, if finalized, is expected to positively impact the company's operating performance and financial results, though the specific delivery timeline will be determined by the final contract. The current announcement serves as a pre-winning bid notification, and the company has not yet received a formal award letter from China Southern Power Grid.

Investors are advised to exercise caution as the finalization of the contract and its terms are still subject to confirmation. The company emphasizes that the fulfillment of the contract will not affect its operational independence.