ChangGao NEET: The company's wholly-owned subsidiary won a bid of 161 million yuan from the State Grid
ChangGao NEET announced that its wholly-owned subsidiaries, Hunan ChangGao Electric Co., Ltd., Hunan ChangGao High Voltage Switch Co., Ltd., Hunan ChangGao Complete Electrical Equipment Co., Ltd., and Hunan ChangGao Senyuan Power Equipment Co., Ltd., won bids in the State Grid's tender for three types of products: combination electrical appliances, isolating switches, and switchgear, totaling 161 million yuan, accounting for 9.14% of the company's audited consolidated revenue for 2024. After the contract is signed, it will have a positive impact on the company's operating performance in 2026 and beyond, while not affecting the company's independence
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