On the evening of May 27th and May 28th, Tongda Co., Ltd. (002560) successively disclosed announcements that the company had won the bid in multiple batches of bidding and procurement by State Grid Corporation of China, with a total value of 176 million yuan for pre bid materials, accounting for approximately 2.20% of the company's total operating revenue in 2025.
This pre bid winning covers several regions such as Northwest China, Xizang, Central China, Sichuan, Chongqing and North China. The details are as follows: the first joint procurement of low-voltage power cable inventory project in Northwest China and Xizang by the State Grid in 2026, with a bid winning amount of 21.5074 million yuan; The first joint procurement of low-voltage power cables, 10kV power cables, and electric energy metering box framework agreement project by State Grid in Central China and Sichuan Chongqing region in 2026, with a winning bid amount of 21.7843 million yuan; The first joint procurement of overhead insulated conductor framework agreement project in Central China and Sichuan Chongqing region by State Grid in 2026, with a winning bid amount of 68.7952 million yuan; The first agreement inventory project for the joint procurement of 10kV power cables and overhead insulated wires in the North China region by State Grid in 2026, with a winning bid amount of 63.7786 million yuan.
Tongda Corporation stated that after the above-mentioned project is officially awarded and fulfilled, it is expected to have a positive impact on the company's operating performance, which will help to enhance the business scale of the wire and cable sector, strengthen profitability and core competitiveness.
Since May, including this one, three bidding announcements have been disclosed, and Tongda Shares has won a total bid of 712 million yuan. Since 2026, a total of 6 bidding announcements have been disclosed, with a total bid amount of 1.171 billion yuan, laying a solid order foundation for the annual performance growth.
Liu Zhijian, the Secretary of the Board of Directors of Tongda Co., Ltd., stated that the company has proactively adjusted its business strategy this year, increased its efforts in global marketing, expanded cooperation channels, and penetrated regional markets, achieving a comprehensive layout across multiple channels and regions, and achieving significant results in market-oriented expansion.
At present, the construction of new power systems in China is accelerating, and the transformation and expansion of power grids are speeding up, presenting a definite growth opportunity for the cable industry. The National Development and Reform Commission revealed that during the 15th Five Year Plan period, China is expected to invest over 5 trillion yuan in the construction of transmission channels, inter provincial mutual aid projects, and promote projects such as improving the quality of distribution networks and upgrading county-level power grids.
Tongda Co., Ltd. is a leading supplier of ultra-high voltage and ultra high voltage engineering cables in China, with advantages in the subdivision of ultra-high voltage conductors (especially steel cored aluminum stranded wires). Its products cover a full range of categories such as ultra-high voltage/ultra high voltage cables, power cables, new energy cables, and high-end equipment cables, and are expected to continue to benefit from the dividends of new power grid construction.
Risk Warning: This article is based on the announcements and public information of listed companies and does not constitute investment advice. The market is risky, and investment needs to be cautious.
