Qingdao Hanhe Cable Co., Ltd. announced that in State Grid Corporation of China's fourth tender for substation equipment and installation materials under its 2026 power transmission and transformation projects, the company and its wholly-owned subsidiary Jiaozuo Hanhe Cable Co., Ltd. have been pre-selected for multiple packages. For the cable and accessories portion, the company won 497.898 kilometers of cable and 401 sets of accessories, while the subsidiary won 51.163 kilometers of cable. For the conductor and ground wire portion, the company won 6,589.77 tons. The total value of this award is approximately 634 million yuan, accounting for about 6.09 percent of the company's audited operating revenue for 2025. The company stated that winning this project will have a positive impact on future operating performance, but it has not yet received the written notice of award, and uncertainty remains.
Qingdao Hanhe Cable Co LtdPre-selected in State Grid's 2026 tender for cable, accessories, and conductor packages worth ~634 million yuan, about 6.09% of 2025 revenue.
Wholly-owned subsidiary Jiaozuo Hanhe Cable pre-won 51.163 km of cable in the same State Grid tender.
