Sanxing Electric's Subsidiary Secures $132 Million US Data Center Energy Storage Transformer Deal

Stock News09-23 17:16

Ningbo Sanxing Medical Electric Co.,Ltd. (601567.SH) has announced that its wholly-owned subsidiary, Aux Intelligent Technology, has been awarded a contract for an energy storage oil-immersed transformer project at a US data center. Under the agreement, the company will serve as the supplier of oil-immersed transformer products, with the total contract value reaching $132 million, equivalent to approximately 885 million yuan.

This contract sum, roughly 885 million yuan, accounts for 6.16% of the company's audited operating revenue for the fiscal year 2025. The execution of this agreement is expected to generate positive effects on the company's operational activities and financial performance, while having no bearing on the independence of its business or operations.

The signing of this contract marks a significant milestone for the company in the US data center segment of its power distribution business. It represents a tangible outcome of the company's proactive efforts to expand into international markets, which will contribute to refining its overseas business footprint and strengthening its competitive edge in the global marketplace.

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