Zhefu Holdings: Won Bid for Water Turbine Generator Units and Ancillary Equipment Tender Project of 412 Million Yuan

2026-03-15 18:10:35

People’s Financial News, March 15 — Zhejiang Fortune Holdings (002266) announced on March 15 that the company recently received a “Winning Bid Notice,” confirming that it is the successful bidder for the bidding project of the hydropower generator units and their auxiliary equipment at the Shangpu Water Diversion Hydropower Station upstream of Jinsha River. The total bid amount is 412 million yuan, accounting for approximately 1.97% of the company’s projected revenue for 2024. With a delivery schedule of 27 months, this averages about 0.73% of the 2024 revenue. The company will produce components according to the delivery schedule and recognize sales revenue accordingly, which is expected to increase the company’s sales revenue and net profit from 2027 to 2029.

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