Hongsheng Huayuan: Wins bid for China Southern Power Grid project worth about RMB 894 million

English summary

Hongsheng Huayuan announced that its six subsidiaries won the first batch of framework bidding for China Southern Power Grid's 2026 main network line materials, with a winning amount of about RMB 894 million, accounting for approximately 9.33% of the company's audited 2025 revenue. This winning bid will help improve the company's operating performance, but formal business contracts have not been signed and contract terms have uncertainties.