Sifang Co., Ltd. (601126): Won the bid for a procurement project from Jiangsu Guoxin Yangzhou Power Generation Co., Ltd., with a bid amount of 4.012 million yuan.

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According to Tongbi Finance, Qichacha data shows that based on the “Guoxin Yangdian Phase III 2×1 million kW Expansion Project Third Batch Auxiliary Equipment (First Batch) and Related Service Procurement (Bid Section 6: 500kV, 220kV System Relay Protection Equipment) Results Announcement,” Beijing Sifang Automation Co., Ltd. announced winning the procurement project of Jiangsu Guoxin Yangzhou Power Generation Co., Ltd. on March 24, 2026, with a bid amount of 4.012 million yuan.

Related listed company: Sifang Co., Ltd. (601126.SH)

Tongbi Finance Tips:

Sifang Co., Ltd. (601126.SH) in 2024 reported operating revenue of 6.951 billion yuan, with a growth rate of 20.86%. Net profit attributable to the parent company was 716 million yuan, with a growth rate of 14.09%. Return on equity was 16.62%.

In the first half of 2025, the company’s operating revenue was 4.02 billion yuan, with a growth rate of 15.62%. Net profit attributable to the parent company was 476 million yuan, with a growth rate of 12.41%.

The company currently belongs to the industrial sector, mainly producing substation equipment, transmission equipment, relay protection, and dispatch automation. In 2024, the main business composition was: power grid automation: 47.61%; power plant and industrial automation: 44.92%; others: 7.29%; other businesses: 0.18%.

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