Hangzhou Sunrise pre-qualifies for significant State Grid contract

Hangzhou Sunrise Technology Co., Ltd. announced its pre-qualification for the "State Grid Corporation of China 2025 Fifty-Third Batch Procurement (Marketing Project Second Metering Equipment Tender Purchase)" on September 19, 2025. The estimated total value of the pre-qualified bids is 14,191.970015 million yuan. This includes 10 separate packages, totaling 440,900 units of equipment.

Key components of the pre-qualified bids include 320,000 Class A single-phase smart energy meters valued at 4,319.764000 million yuan, 75,000 Class B three-phase smart energy meters at 2,544.189350 million yuan, and 9,000 Class C three-phase smart energy meters at 483.502140 million yuan. Additionally, the company pre-qualified for 13,000 smart fusion terminals worth 3,340.163610 million yuan, 14,900 dedicated transformer acquisition terminals valued at 1,521.882305 million yuan, and 9,000 dedicated transformer terminals (modular) at 1,982.468610 million yuan.

The company anticipates that this pre-qualification will positively impact its operating performance in 2025. However, Hangzhou Sunrise Technology cautions investors that it has not yet received a formal notice of award, and the ultimate receipt of the contract remains subject to final confirmation.