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Changgao Electric (002452.SZ) has officially declared that its four wholly-owned subsidiaries—Hunan Changgao Electric, Hunan Changgao High Voltage Switchgear, Hunan Changgao Complete Electrical Equipment, and Hunan Changgao Senyuan Electric Power—have each emerged victorious in the fourth round of bidding for substation equipment under the State Grid's 2026 power transmission and transformation projects. These subsidiaries have won bids across three distinct product categories: composite apparatus, disconnectors, and switchgear. The total bid amount secured by these subsidiaries stands at an impressive 299 million yuan, representing 17.96% of the company's audited consolidated revenue for the fiscal year 2025. This achievement underscores Changgao Electric's robust presence and competitive edge in the power equipment sector.
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