According to the Zhitong Finance APP, BYE (603861.SH) announced that on July 15, 2025, State Grid Corporation of China published the "Bid Announcement for the 43rd Batch of Procurement by State Grid Corporation of China in 2025 (Third Bid for Substation Equipment (Including Cables) for Power Transmission and Transformation Projects)" on its e-commerce platform. The company and its holding subsidiary Guilin Power Capacitor Co., Ltd. (referred to as "Guilin Capacitor") are among the bidders for the aforementioned project.

The total bid amount for the company and its holding subsidiary for the above project is 164 million yuan, with the specific amount subject to the final project contract signed. This represents 3.28% of the company's audited operating income for 2024. The performance of the contract after winning the bid for the above project will have a positive impact on the company's operational work and performance, but will not affect the company's operational independence