Huaming Power Equipment Advances Overseas Market Strategy

Deep News05-17

Huaming Power Equipment Co.,Ltd. stated in response to investor inquiries that, according to Frost & Sullivan data, the company holds approximately an 18% share of the global tap-changer market by revenue in 2024. The company's primary sales region remains the domestic market, while it is actively advancing the implementation of its overseas expansion strategy. This year, the power grid has planned numerous ultra-high voltage projects. These planned ultra-high voltage projects will be tendered and constructed gradually in the future and will not commence immediately. The company is also expected to continue participating in ultra-high voltage projects for the State Grid and China Southern Power Grid this year. Ultra-high voltage projects represent a long-term and significant investment direction for the power grid. While such projects and related sales will not constitute a large proportion of the company's annual revenue, they hold greater significance in demonstrating the company's technical capabilities and supporting the development of its overseas brand.

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