Changgao Electric Group Co., Ltd. announced that its wholly owned subsidiaries have won State Grid projects totaling approximately 299 million yuan, accounting for 17.96 percent of the company's 2025 revenue. The winning bids involve three product categories: gas-insulated switchgear, disconnectors, and switchgear cabinets, secured jointly by four subsidiaries: Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Complete Electrical Equipment Co., Ltd., and Hunan Changgao Senyuan Power Equipment Co., Ltd. The projects come from State Grid's fourth public bidding and direct procurement for substation equipment under its 2026 power transmission and transformation program. The company stated that after contract signing, the projects will have a positive impact on performance in 2026 and beyond, and will not affect the company's independence.
Hunan Changgao High Voltage Switchgear Group Co LtdWholly owned subsidiaries won State Grid bids worth ~299 million yuan (17.96% of 2025 revenue) for switchgear, disconnectors, and switchgear cabinets.
