CTS's subsidiary is expected to win a bid for a 227 million yuan project related to the State Grid
CTS's subsidiary Suzhou Electric Porcelain Factory Co., Ltd. has been recommended as a candidate for the 15th batch of procurement by State Grid Corporation of China in 2025, with a pre-bid amount of 227 million yuan, accounting for 4.80% of the company's operating income in 2024
According to the Zhitong Finance APP, CTS (000551.SZ) announced that on May 27, 2025, State Grid Corporation of China released the "Announcement of Recommended Bidding Candidates for the 15th Batch of Procurement by State Grid Corporation of China in 2025 (Second Material Bidding for UHV Projects)" through its e-commerce platform. The company's holding subsidiary, Suzhou Electric Porcelain Factory Co., Ltd. (referred to as "Suzhou Electric Porcelain"), is a recommended bidding candidate.
According to the announcement, Suzhou Electric Porcelain is the recommended bidding candidate for the 15th Batch of Procurement by State Grid Corporation of China in 2025 (Second Material Bidding for UHV Projects) - Package 2 and Package 5 of porcelain insulators (Tender Project Number: 0711-25OTL04421009), with a pre-bid amount of 227 million yuan, accounting for 4.80% of the company's operating income in 2024
