Hangzhou Sunrise Technology (SHE:300360) was named a candidate winning bidder in China Southern Power Grid's first batch framework tender for metering equipment in 2025.
The six packages-which include smart and smart gateway meters, smart measurement terminals, and broadband dual-mode communication modules-have a total estimated amount of 166.1 million yuan, according to a Wednesday filing with the Shenzhen bourse.
Shares of the company were down 1% Wednesday.