---
title: "JINGUAN ELECTRIC won the bid for a State Grid procurement project worth 66.6956 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238888795.md"
description: "JINGUAN ELECTRIC recently won the bid for the State Grid's 2025 23rd batch procurement project, with a total bid amount of 66.6956 million yuan, accounting for 8.97% of the 2024 operating income. The equipment awarded includes surge protectors and switchgear, which is expected to have a positive impact on the company's future operating performance"
datetime: "2025-05-06T10:35:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238888795.md)
  - [en](https://longbridge.com/en/news/238888795.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238888795.md)
---

# JINGUAN ELECTRIC won the bid for a State Grid procurement project worth 66.6956 million yuan

According to the Zhitong Finance APP, JINGUAN ELECTRIC (688517.SH) announced that recently, the State Grid Corporation of China published the list of recommended winning candidates for the 23rd batch of procurement in 2025 (the second bidding for substation equipment (including cables) for power transmission and transformation projects). The company and its wholly-owned subsidiary Nanyang JINGUAN Intelligent Switch Co., Ltd. (referred to as "JINGUAN Intelligent") won a total of 3 bidding packages for surge protectors and switch cabinets, with a total winning bid amount of 66.6956 million yuan. This winning bid amount accounts for 8.97% of the 2024 operating income, and the performance of the winning contract will have a positive impact on the company's future operating results

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