# Pinggao Electric wins approximately 858 million yuan in State Grid bids

Pinggao Electric and its subsidiaries won bids from State Grid Corporation of China for the 74th and 75th procurements of 2025 (transmission and transformation projects, fifth batch of substation equipment including cables, and single-source procurement), with a total winning amount of approximately 858 million yuan, accounting for 6.92% of 2024 operating revenue.

- Type: Contract
- Announced: 2025-11-07
- Where: China
- Value: $118.0M (858.0M CNY)
- Status: completed
- Products: substation equipment, cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)
- [Pinggao Electric](https://endata.com/companies/15879.md) (supplier)

## Sources

- [cls.cn](https://www.cls.cn/detail/2194325), 2025-11-07: "平高电气(600312.SH)公告称，公司及子公司为国家电网有限公司2025年第七十四批采购（输变电项目第五次变电设备（含电缆）招标采购）和第七十五批采购（输变电项目第五次变电设备单一来源采购）的中标单位，中标金额合计约为8.58亿元，占2024年营业收入的6.92%。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.