# Jinpan Technology wins CNY 247M transformer supply contract from China Huadian

Jinpan Technology (688676.SH) received a letter of award for a transformer procurement project from China Huadian Corporation. As the second-ranked supplier, Jinpan's estimated award amount is 30% of the total bid price, or CNY 247 million, representing 10.2% of its 2020 audited revenue.

- Type: Contract
- Announced: 2021-09-15
- Where: China
- Value: $38.3M (247.0M CNY)
- Status: announced
- Products: 35kV box-type transformers, main transformers for new energy projects
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Jinpan Technology](https://endata.com/companies/57734.md)
- [China Huadian Group](https://endata.com/companies/28883.md) (customer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/560710.html), 2021-09-15: "预计本次公司中标金额为投标报价金额30%，即2.47亿元"

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