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On November 13, Shaoyang Hydraulic announced that a consortium comprising the company and HZ Technology had previously received a "Notice of Award" from China Second Metallurgical Group (MCC2), winning the bid for the energy storage system equipment and booster station equipment for the Zhidan 200MW/600MWh grid-forming independent energy storage project. Recently, the company signed an "Intent Deposit Agreement" with MCC2 and paid an intent deposit of RMB 46.1 million. The consortium also signed a "Material Procurement Contract" with the Construction Engineering Technology Branch of MCC2, with a contract price of RMB 462 million (tax inclusive), consistent with the bid amount. This figure represents the total contract amount of the consortium, and the company is expected to undertake supply and service amounts of approximately RMB 180 million (tax inclusive).
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