Beijing Sifang Automation Secures 9.51 Million Yuan Procurement Project from China Energy Engineering Group

Deep News

Mar 18

Beijing Sifang Automation Co., Ltd. has been announced as the winning bidder for a procurement project from China Energy Engineering Group Guangxi Electric Power Design & Research Institute Co., Ltd. The announcement was made on March 18, 2026, with a contract value of 9.51 million yuan. The award is related to the procurement of secondary electrical equipment for the EPC turnkey project of the Baotou Bu'erhantu 200MW/1200MWh Energy Storage Project.

According to the company's financial data, Beijing Sifang Automation Co., Ltd. reported revenue of 69.51 billion yuan for the full year 2024, representing a growth rate of 20.86%. Net profit attributable to the parent company was 716 million yuan, increasing by 14.09% year-on-year. The Return on Equity (ROE) stood at 16.62%. For the first half of 2025, the company's revenue reached 40.20 billion yuan, with a growth rate of 15.62%. Net profit attributable to the parent company for the period was 476 million yuan, marking a 12.41% increase.

The company operates in the industrial sector, with its primary product lines consisting of substation equipment, transmission equipment, and relay protection and dispatching automation systems. The revenue breakdown for the 2024 annual report shows the following composition: Grid Automation accounted for 47.61% of revenue; Power Plant and Industrial Automation contributed 44.92%; Other segments made up 7.29%; and Other Business represented 0.18%.

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The announcement was made on March 18, 2026, with a contract value of 9.51 million yuan. The award is related to the procurement of secondary electrical equipment for the EPC turnkey project of the Baotou Bu'erhantu 200MW/1200MWh Energy Storage Project.</p>\n<p>According to the company's financial data, Beijing Sifang Automation Co., Ltd. reported revenue of 69.51 billion yuan for the full year 2024, representing a growth rate of 20.86%. Net profit attributable to the parent company was 716 million yuan, increasing by 14.09% year-on-year. The Return on Equity (ROE) stood at 16.62%. For the first half of 2025, the company's revenue reached 40.20 billion yuan, with a growth rate of 15.62%. 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