Sifang Co., Ltd. (601126): Awarded the bid for the procurement project of China Energy Hainan State New Energy Development Co., Ltd., with a bid amount of 34.6821 million yuan.

NightAirdropper · 2026-03-16T21:48:21+00:00

Qichacha data shows that Beijing Sifang Relay Protection Automation Co., Ltd. won the bid for a photovoltaic project of Hainan State New Energy Development Company, with a contract amount of 34.6821 million yuan. Sifang Co., Ltd. achieved an operating revenue of 6.951 billion yuan and a net profit of 716 million yuan in 2024, both of which increased.

NightAirdropper

2026-03-16 21:48:21

Abstract generation in progress

According to Tongbi Finance, Qichacha data shows that, based on the announcement of the bid results for the procurement of static VAR compensator equipment for the 42.5 MW photovoltaic project at the third batch of large bases in Hainan Province, Qinghai Province, the bid-winning company Beijing Sifang Automation Co., Ltd. announced on March 13, 2026, that it won the procurement project of China Energy Hainan State New Energy Development Co., Ltd., with a bid amount of 34.6821 million yuan.

Related listed company: Sifang Co., Ltd. (601126.SH)

Tongbi Finance Tips:

Sifang Co., Ltd. (601126.SH) achieved operating revenue of 6.951 billion yuan in 2024, with a growth rate of 20.86%. The net profit attributable to the parent company was 716 million yuan, with a growth rate of 14.09%. The return on equity was 16.62%.

In the first half of 2025, the company’s operating revenue was 4.02 billion yuan, with a growth rate of 15.62%. The net profit attributable to the parent company was 476 million yuan, with a growth rate of 12.41%.

The company currently belongs to the industrial sector, mainly producing substation equipment, transmission equipment, relay protection, and dispatch automation. In 2024, the main business composition was: power grid automation: 47.61%; power plant and industrial automation: 44.92%; others: 7.29%; other businesses: 0.18%.

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