Pinggao Electric to invest $1.26B in two new subsidiaries in Henan

Pinggao Electric announced it will invest 5 billion yuan (2 billion cash + 3 billion non-cash) to establish a wholly owned subsidiary, Pinggao Electric (Henan) High-Voltage Switch Co., and 4 billion yuan (1.5 billion cash + 2.5 billion non-cash) for another subsidiary, Pinggao Electric (Henan) Power Equipment Technology Co., both in Pingdingshan, Henan. The board approved the plan on September 10, 2025.

“本次对外投资设立全资子公司是实施发展战略的重要举措，对公司未来发展具有积极意义”paper.cnstock.com

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• paper.cnstock.com河南平高电气股份有限公司关于对外投资设立全资子公司的公告|上海证券报Sep 11, 2025

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