# Samsung Medical pre-bids ~395M yuan in State Grid procurement

Samsung Medical (601567.SH) was recommended as a winning bidder in State Grid Corporation of China's 2024 15th procurement (marketing project first metering equipment bidding), with a total estimated winning amount of about 395 million yuan for approximately 983,445 electricity meters and related equipment.

- Type: Contract
- Announced: 2024-04-08
- Where: China
- Value: $54.6M (395.0M CNY)
- Status: announced
- Products: electricity meters, concentrators, acquisition terminals
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Samsung Medical](https://endata.com/companies/55348.md)
- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1099369.html), 2024-04-08: "公司于近日在国家电网有限公司2024年第十五批采购(营销项目第一次计量设备招标采购)项目中被推荐为中标候选人，预计合计中标总金额约为3.95亿元。"

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