China XD Electric (SHA:601179) said 12 subsidiaries won contracts in the State Grid Corp. of China's 2025 procurement tender.
The bids for transformers, combined electrical appliances, circuit breakers, disconnectors, capacitors, mutual inductors, lightning arresters and other products totaled about 1.44 billion yuan, according to a Wednesday filing with the Shanghai bourse.
Shares of the electrical equipment manufacturer rose 1% in recent trade.
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