---
title: "Midday Announcement: Changgao Electric's subsidiary wins a bid for a National Grid procurement project worth approximately 313 million yuan; Dongjie convertible bonds will soon stop conversion"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/258798338.md"
description: "Changgao Electric's subsidiary won the State Grid procurement project, with a total bid of approximately 313 million yuan, accounting for 17.77% of the company's audited consolidated revenue for 2024. At the same time, Dongjie Intelligent announced that the Dongjie convertible bonds will stop conversion after half a trading day, and the remaining convertible bonds will be forcibly redeemed, which may result in losses for investors"
datetime: "2025-09-25T04:00:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258798338.md)
  - [en](https://longbridge.com/en/news/258798338.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258798338.md)
---

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# Midday Announcement: Changgao Electric's subsidiary wins a bid for a National Grid procurement project worth approximately 313 million yuan; Dongjie convertible bonds will soon stop conversion

① Changgao Electric New: Recently, the e-commerce platform of State Grid Corporation of China released the "Bid Announcement for the 60th Batch of Procurement by State Grid Corporation of China in 2025" and the "Transaction Announcement for the 61st Batch of Procurement by State Grid Corporation of China in 2025." The company's wholly-owned subsidiaries, Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Senyuan Power Equipment Co., Ltd., and Hunan Changgao Complete Electrical Co., Ltd., won bids in the categories of combined electrical appliances, isolating switches, and switchgear. In the aforementioned bidding projects, the four subsidiaries collectively won bids amounting to approximately 313 million yuan, accounting for 17.77% of the company's audited consolidated operating income for 2024.

② Dongjie Intelligent: As of the announcement disclosure, there is only half a trading day left until the redemption date of the "Dongjie Convertible Bond." After the market closes on September 25, the "Dongjie Convertible Bond" that has not yet been converted will stop conversion, and the remaining convertible bonds will be forcibly redeemed at a price of 100.95 yuan per bond. If forcibly redeemed, investors may face losses

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