State Grid Information & Communication subsidiaries win major State Grid procurement contract

State Grid Information & Communication Co., Ltd. announced that its wholly-owned subsidiaries, Beijing Zhongdianpuhua Information Technology Co., Ltd., Anhui Jiyuan Software Co., Ltd., Beijing Zhongdianfeihua Communication Co., Ltd., and State Grid Information & Communication Yili Technology Co., Ltd., have won bids totaling CNY 60,543.95. The bids are for the State Grid Corporation of China's 2025 sixty-fifth batch of procurement (transmission and transformation project fourth batch of power transmission and transformation equipment (including cables) bidding procurement).

The awarded contracts are for communication network equipment integration procurement. State Grid Information & Communication has received the bid winning notice, though the contracts have not yet been signed. The company noted that while the fulfillment of these contracts is expected to positively impact its future operating performance, the specific financial impact remains uncertain.

Investors are advised to exercise caution due to the unsigned contracts and the undetermined precise impact on the company's performance. The announcement highlights that this is a significant development for the company's subsidiaries.