ZTT Cable: Subsidiary Pre-wins 124 Million Yuan State Grid UHV Project
Tongguang Cable's subsidiary, Jiangsu Tongguang Qiang Neng, has been pre-selected to win a 124 million yuan project for State Grid's ultra-high voltage transmission lines. This potential contract represents approximately 4.86% of the company's 2025 audited operating revenue. The pre-selection is currently in a public notice period, and the finalization of the order and delivery are still subject to uncertainty and risk. AI
IMPACT This contract win for ultra-high voltage transmission lines is indirectly related to AI infrastructure, as such infrastructure requires significant power and grid capacity.