---
title: "JINGUAN ELECTRIC (688517): Won the bid for the procurement project of Changjiang Coastal Railway Group Hubei Co., Ltd., with a bid amount of 1.4848 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287031949.md"
description: "JINGUAN ELECTRIC (688517) won the bid for a procurement project from Changjiang Coastal Railway Group Hubei Co., Ltd., amounting to 1.4848 million yuan. The operating revenue for 2024 is 658 million yuan, with a growth rate of 15.14%; the net profit is 91 million yuan, with a growth rate of 12.74%. In the first half of 2025, the operating revenue is 341 million yuan, with a growth rate of 7.75%; the net profit is 42 million yuan, a decrease of 17.16%"
datetime: "2026-05-20T08:36:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287031949.md)
  - [en](https://longbridge.com/en/news/287031949.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287031949.md)
---

# JINGUAN ELECTRIC (688517): Won the bid for the procurement project of Changjiang Coastal Railway Group Hubei Co., Ltd., with a bid amount of 1.4848 million yuan

According to Tongbi Finance, data from Qichacha shows that based on the "Announcement of the Bidding Results for the Management of National Railway Group's Supply Materials (Traction Substation) for the New Hefei to Wuhan High-Speed Railway (Hubei Section)," JINGUAN ELECTRIC Co., Ltd. announced on May 20, 2026, that it won the bid for the procurement project of Changjiang Coastal Railway Group Hubei Co., Ltd., with a bid amount of 1.4848 million yuan.

Related listed company: JINGUAN ELECTRIC (688517.SH)

_Tongbi Finance Tip:_

_JINGUAN ELECTRIC (688517.SH) reported an operating income of 658 million yuan in 2024, with an operating income growth rate of 15.14%. The net profit attributable to the parent company was 91 million yuan, with a net profit growth rate of 12.74%, and a return on equity of 11.36%._

_In the first half of 2025, the company's operating income was 341 million yuan, with an operating income growth rate of 7.75%. The net profit attributable to the parent company was 42 million yuan, with a net profit growth rate of -17.16%._

_The company currently belongs to the industrial sector, with the main product types being transmission equipment. The 2024 report shows the main composition of its business as follows: lightning arresters: 57.57%; distribution network products: 33.62%; charging piles: 5.28%; resistance sheets: 1.93%; energy storage devices: 1.08%; other businesses: 0.51%._

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