Ningbo Sanxing Medical Electric (SHA:601567) and its subsidiary, Ningbo Sanxing Intelligent Electric, were the recommended candidates for the State Grid Corporation of China's procurement bid for metering equipment and charging and swapping equipment, which totaled 212.7 million yuan.
The Chinese smart metering services provider was a recommended candidate for the State Grid's bid for Class A single-phase smart meters, Class B, C, and D three-phase smart meters, and dedicated transformer data collection terminals for 190.7 million yuan.
Sanxing Intelligent Electric was a recommended candidate for the charging equipment category, estimated to be worth nearly 22 million yuan.
Sanxing Medical Electric's shares rose less than 3% in recent trade.
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