Qingdao TGOOD Electric (SHE:300001) and subsidiary Chuankai Electric have been named as recommended winning bidders for China's State Grid's fourth batch of substation equipment procurement in 2026.
The estimated bid value is 94.4 million yuan, covering composite electrical apparatus and switchgear packages, according to a Monday aftermarket filing with the Shenzhen bourse.
Shares of the electrical equipment manufacturer slipped 1% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.