JinGuan Electric Co Ltd

Jinguan Electric announced that its wholly owned subsidiary Jinguan Solar-Storage-Charging has signed an EPC general contracting framework agreement with SPIRO, with a total contract value not exceeding 296 million US dollars including tax, covering 50 grid-connected or off-grid integrated solar-storage-charging station projects in Africa. The company stated that this amount is an estimate based on standard station benchmark prices and planned quantities, and is not the final determined total price; actual execution will be subject to the specific EPC execution agreements subsequently signed by both parties. It is expected that only some batches of stations will be completed and delivered within this year, and contract revenue will be recognized in stages, with a relatively limited impact on the company's operating performance for 2026.

Jinguan Electric announced that the company won the bid for the first batch framework tender of China Southern Power Grid's 2026 main grid line material project, securing two bid packages for 35kV to 220kV and 500kV line arresters, with a winning amount of about 38.17 million yuan, accounting for approximately 4.62% of the company's 2025 revenue.

Jinguan Electric announced that the company and its wholly-owned subsidiary Nanyang Jinguan Intelligent Switchgear Co., Ltd. have recently won bids from State Grid totaling RMB 74.8151 million. Among them, the company won one bid package for lightning arresters for the Shaanxi to Henan ±800 kV ultra-high voltage direct current transmission project, with a bid amount of RMB 33.92 million. The company and Jinguan Intelligent won two bid packages for lightning arresters and switchgear products for power transmission and transformation projects, with a bid amount of RMB 40.8951 million. The combined bid amount accounts for approximately 9.06% of the company's 2025 operating revenue, and will have a positive impact on future operating performance. The projects are currently in the bid winner candidate announcement stage, and formal contracts have not yet been signed, so there is some uncertainty.