-- Qingdao TGOOD Electric (SHE:300001) and its subsidiary Chuankai Electric were named recommended winning candidates for two State Grid tenders totaling about 198.7 million yuan.
The projects include composite appliances and switchgear packages under State Grid's 2026 transmission and transformation equipment procurement programs, according to a Wednesday filing with the Shenzhen bourse.
Shares of the electrical equipment manufacturer closed 3% higher Wednesday.