Pinggao Electric announced that the company and its subsidiaries Henan Pingzhi High Voltage Switchgear Co., Ltd., Shanghai Pinggao Tianling Switchgear Co., Ltd., Tianjin Pinggao Intelligent Electric Co., Ltd., Pinggao Group Weihai High Voltage Electric Co., Ltd., Henan Pinggao General Electric Co., Ltd., and the joint venture Pinggao Toshiba (Langfang) Lightning Arrester Co., Ltd. won the bid for the 43rd batch of procurement of State Grid Corporation of China in 2025, the first public bidding procurement of distribution network materials agreement inventory of State Grid Henan Electric Power Company in 2025, and the 44th batch of procurement projects of State Grid Corporation of China in 2025. The total amount of the winning bid is about 1.45 billion yuan, accounting for 11.69% of the operating income in 2024. After the project is signed, it will have a positive impact on the company's future business development.