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Henan Pinggao Electric Co.,Ltd.'s (SHSE:600312) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Pinggao Electric Wins 1.4 Billion Yuan in State Grid Contracts
Henan Pinggao Electric (600312.SH): Won a bid for approximately 1.391 billion yuan in a State Grid procurement project.
On March 11, Glonghui reported that Henan Pinggao Electric (600312.SH) announced that the State Grid Corporation of China's E-Commerce platform released the "Bid Announcement for the Eighth Batch of Procurement of State Grid Corporation of China 2025 (First Bid for Substation Equipment (including cables) for Power Transmission and Transformation Projects)" and the "Transaction Announcement for the Ninth Batch of Procurement of State Grid Corporation of China 2025 (Single Source Procurement for Substation Equipment for Power Transmission and Transformation Projects)." The company and its subsidiaries are the successful bidders for the relevant projects, with a total bid amount of approximately 1.391 billion yuan, accounting for 12.56% of the revenue for 2023.
CICC: New energy is fully entering the market, and the pace of grid construction accelerated in January and February.
Both the southern and northern networks have expressed a positive stance, maintaining high levels of investment in the power grid; Ultra High Pressure projects are accelerating, and the demand for Ultra High Pressure is strong.
Do Henan Pinggao ElectricLtd's (SHSE:600312) Earnings Warrant Your Attention?
Private Companies Are Henan Pinggao Electric Co.,Ltd.'s (SHSE:600312) Biggest Owners and Were Hit After Market Cap Dropped CN¥733m
Investors Appear Satisfied With Henan Pinggao Electric Co.,Ltd.'s (SHSE:600312) Prospects As Shares Rocket 30%
