FRIENDCOM: Won the bid for the Southern Power Grid project with an amount of approximately 208 million yuan
FRIENDCOM announced that the company received a "Notice of Winning Bid" from China Southern Power Grid Supply Chain Group Co., Ltd., confirming the winning bid for the second batch of framework bidding projects for metering products of China Southern Power Grid Company in 2024. The winning bid amount is approximately 208 million yuan, accounting for 18.98% of the company's audited operating income for 2023. This winning bid demonstrates the company's competitive advantages and comprehensive strength in the field of wireless IoT integrated solutions, which will enhance the company's brand influence and market share in the industry, positively impacting the operating performance in 2025. However, the company has not yet signed a formal contract with China Southern Power Grid, which presents certain uncertainties