China Securities Network News Zhongchao Cable (002471) announced that the company received notifications of successful bids from Shandong Electric Power Corporation, Hubei Electric Power Company and Shaanxi Local Electric Power Company.
According to the announcement, Zhongchao Cable won the tender bid for the procurement of medium-low voltage cables and 10Kv power cables in 2012 for the Shandong Power Company's residential construction equipment and materials agreement. The amount was 70.21 million yuan and 71.65 million yuan respectively; Approval of the contract for the inventory of residential supporting engineering equipment by bidding for the sub-licensing of medium- and low-voltage power cables and wires in the amount of RMB 22.98 million; and the acquisition of copper-cored aluminum conductors and overhead insulated conductors for the procurement of the first batch of power grid infrastructure engineering equipment in 2012 by Shaanxi Electric Power Company The target amounts to 19.36 million yuan and 5.31 million yuan respectively.
The announcement indicated that the amount of successful bids totaled 189 million yuan, accounting for 10.44% of the company's 2011 audited operating revenue, which would have a positive impact on the company's operating performance.
According to the announcement, Zhongchao Cable won the tender bid for the procurement of medium-low voltage cables and 10Kv power cables in 2012 for the Shandong Power Company's residential construction equipment and materials agreement. The amount was 70.21 million yuan and 71.65 million yuan respectively; Approval of the contract for the inventory of residential supporting engineering equipment by bidding for the sub-licensing of medium- and low-voltage power cables and wires in the amount of RMB 22.98 million; and the acquisition of copper-cored aluminum conductors and overhead insulated conductors for the procurement of the first batch of power grid infrastructure engineering equipment in 2012 by Shaanxi Electric Power Company The target amounts to 19.36 million yuan and 5.31 million yuan respectively.
The announcement indicated that the amount of successful bids totaled 189 million yuan, accounting for 10.44% of the company's 2011 audited operating revenue, which would have a positive impact on the company's operating performance.
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