Hangzhou Sunrise Technology wins major China Southern Power Grid contract

Hangzhou Sunrise Technology Co., Ltd. has been awarded a major contract as a successful bidder for the "China Southern Power Grid Company 2025 Metering Equipment First Batch Framework Tender Project." The company secured six packages within this tender, with a total contract value of CNY 16.611 billion.

This significant win represents 8.19% of the company's 2024 operating revenue. The contracts are expected to be signed within 30 days of the bid notification, with delivery times to be determined based on the specific requirements of the provincial grid companies. The fulfillment of these contracts is anticipated to positively impact the company's operational performance and financial results for 2025.

The company emphasizes that while the contract will influence its financials, it will not affect the independence of its business or operations. China Southern Power Grid, the contracting entity, is not a related party.