SMM

Hongsheng Huayuan announced that its subsidiaries have been pre-selected as the winning bidders for products such as steel structures for 500kV substations in the first batch of framework tenders for main grid line materials in 2025 by China Southern Power Grid, with a winning bid amount of approximately 1.105 billion yuan; and for 10kV AC angle steel towers in the first batch of framework tenders for distribution network materials, with a winning bid amount of approximately 22.02 million yuan. The combined winning bid amount for the aforementioned projects is approximately 1.127 billion yuan, accounting for about 11.12% of the company's audited operating revenue in 2024. Currently, the projects are in the public announcement stage of bid evaluation results, and the company has not yet received the bid-winning notices.