East Steel Tower wins CNY 250m grid project bids

Qingdao East Steel Tower Stock (SZSE:002545) announced that it has won bids for two projects under State Grid Corporation of China's procurement initiatives. The total value of the bids is approximately CNY 250,097,780. The contracts include supply of substation support structures (CNY 345,390) and angle steel towers and steel pipe towers (CNY 24,752,390). The company estimates that these contracts will contribute to positive results for its 2025 financial year, representing approximately 5.98% of the audited revenue from 2024. The company also cautions that the terms and execution depend on final contract agreements.