Sanxing Medical subsidiary named pre-bid winner for State Grid contracts

Aux Intelligent Technology, a wholly-owned subsidiary of Ningbo Sanxing Medical Electric, has been pre-selected as a winning candidate for two significant procurement projects by State Grid Corporation of China in the Central China and Chongqing region. The total estimated pre-bid winning amount across both projects is approximately CNY 15,179.71万元. These projects involve the procurement of 10kV pole-mounted transformer station complete sets and 10kV transformers for 2025.

The first project, focusing on 10kV pole-mounted transformer station complete sets, has an estimated total winning bid amount of CNY 7,568.48万元. The second project, for 10kV transformer procurement, has an estimated total winning bid amount of CNY 7,611.23万元. Both pre-wins are expected to positively impact the company's operating performance and business results.

However, the company cautions that these are currently pre-bid winning notifications, and formal winning bid notices have not yet been received. The contract duration and specific terms are yet to be finalized, introducing an element of uncertainty regarding the final impact on the company's performance. Investors are advised to exercise caution.