Hexing Power is expected to win a bid for a 128 million yuan State Grid project
Hexing Electric Power announced that it has been recommended as the candidate for the winning bid for the 53rd batch of procurement projects by State Grid Corporation of China in 2025, with an expected bid amount of approximately 128 million yuan. The contract performance of this project will positively impact the company's future operating performance, but will not affect the company's operational independence
According to the announcement from Hexing (603556.SH), State Grid Corporation of China announced on its e-commerce platform on September 19, 2025, the "Public Announcement of Recommended Bidders for the 53rd Batch of Procurement by State Grid Corporation of China (Second Bidding for Marketing Project Measurement Equipment)." The company is the recommended bidder for this project, with an expected total bid amount of approximately 128 million yuan. The performance of the contract following this bid will have a positive impact on the company's future operating performance and will not affect the company's operational independence
