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Tongguang Cable's wholly-owned subsidiary has recently emerged victorious in the fourth bidding round for the State Grid's 2025 power transmission and transformation project. The announcement of bid winners was made on August 28, revealing a total bid amount of approximately 108 million yuan, representing 4.17% of the company's 2024 revenue. The breakdown of the bid includes 65.48 million yuan for energy-saving conductors, 23.65 million yuan for conventional conductors, 12.49 million yuan for ADSS optical cables, and 6.43 million yuan for optical cable accessories.
This successful bid is poised to have a positive impact on Tongguang Cable's financial performance. However, it is important to note that there remains some uncertainty regarding the timely completion of these orders.
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