Hangzhou Sunrise Technology poised for significant Southern Power Grid contract

Hangzhou Sunrise Technology Co., Ltd. has been listed as a pre-successful bidder in the "China Southern Power Grid Company 2025 Metering Equipment First Batch Framework Tender Project." The estimated total value of the pre-won bid is approximately CNY 16,611.738525 million. This significant contract is expected to positively impact the company's operating performance in 2025 and will not affect its operational independence.

The pre-won project, tendered by China Southern Power Grid Company Limited, covers six packages, including A-level single-phase smart energy meters, B-level three-phase smart energy meters, A-level single-phase smart gateway energy meters, B-level three-phase smart gateway energy meters, smart measurement terminals (public transformer type), and broadband dual-mode communication modules. The bidding results were published on the China Southern Power Grid Supply Chain Unified Service Platform from September 1, 2025, to September 4, 2025.

Investors are cautioned that the company has not yet received a formal notification of the successful bid from China Southern Power Grid Company or its relevant agency. The final receipt of the bid award is subject to uncertainty, and investors are advised to exercise caution and be aware of investment risks.