Grid-equipment supplier Changgao Electric’s subsidiaries won approximately RMB 230 million in State Grid contracts for switchgear and related equipment.

Changgao Electric, identified by stock code 002452, disclosed awards totaling approximately RMB 230 million, including tax. The supplied announcement report is dated November 4, although the item is retained here in the requested November 3 digest sequence.

The awards involved four wholly owned subsidiaries: Hunan Changgao Electric, Hunan Changgao High Voltage Switchgear, Hunan Changgao Complete Electrical Equipment, and Hunan Changgao Senyuan Power Equipment. Products covered combined electrical apparatus, disconnect switches, and switchgear in State Grid’s fifth 2026 substation-equipment procurement round, whose notices included public tenders and direct, single-source procurement.

The aggregate award value equaled 13.84% of Changgao Electric’s audited 2025 consolidated revenue. The company expected a positive effect on operating performance in 2027 and later years, but that is management’s expectation rather than revenue already recognized.

The reports do not provide delivery schedules, payment terms, margins, or the substations receiving the equipment. They also do not identify any data-center-specific allocation, so the awards should be classified as grid-equipment procurement rather than dedicated AI-facility infrastructure.