Multiple successful bids boost momentum; listed companies experience strong growth.

Securities Daily reporter Li Wenshan

Since 2026, multiple A-share listed companies have released announcements on order contract signings and project bid awards, and the overall picture shows a strong growth momentum.

According to Wind Information data, as of April 2, judging from both order and bid-award scale, since the beginning of this year, each single order value covered the tens of millions of yuan level, the 100-million-yuan level, and even the hundreds of millions of yuan level for listed companies. Moreover, the frequency of order disclosures has also increased significantly compared with the same period last year. In terms of the covered areas, orders and awarded projects show a pattern of “traditional industries laying solid foundations, and emerging industries leading growth.” Sectors such as new energy and supporting areas for artificial intelligence account for a relatively large share.

“Since the start of the year, many listed companies’ orders have shown ‘more volume with better quality,’ mainly benefiting from demand expansion driven by both domestic and overseas markets. On one hand, overseas markets have undergone a qualitative shift from ‘labor export’ to ‘exporting capital goods and solutions,’ bringing in additional increment. The ‘going abroad’ of traditional infrastructure and high-end equipment has already formed a systematic industrial-chain-wide export. On the other hand, domestic endogenous demand represented by new quality productive forces has concentratedly been released. From compute power infrastructure to new power systems, capital expenditures in high-prosperity sectors are transmitting along the industrial chain, and demand on the corporate side is emerging.” Gong Huijing, Chief Strategy Analyst at the Research Institute of Everbright Securities, said in an interview with Securities Daily reporter.

Specifically, the high-end manufacturing and energy infrastructure sectors have become core areas behind the order surge, and leading enterprises continue to stay in the lead.

On April 2, Jiangsu Jinzhi Technology Co., Ltd. released an announcement stating that the company won bids for transmission and transformation and distribution network-related projects from State Grid Corporation of China and its subsidiaries, with a bid-winning amount of 61.0026 million yuan. The company’s wholly owned subsidiary, Jiangsu Dongda Jinzhi Information Systems Co., Ltd., won the bid for the “Wanhua Chemical Group Co., Ltd. 2026–2028 information engineering projects,” with a bid-winning amount of 16.7550 million yuan. The total bid-winning amounts of the above projects add up to 77.7576 million yuan.

On April 1, Henan Pinggao Electric Co., Ltd. released a bid-award announcement. The company won bids for multiple projects from State Grid Corporation of China, with a total bid-winning amount of 1.22B yuan. The awarded products cover core equipment such as combination switchgears and circuit breakers.

Meanwhile, the order transmission effect along the compute power industry chain continues to be evident. In mid-January, Hangzhou Pingzhi Information Technology Co., Ltd. became the first preferred candidate for Bid Segment 1 of the smart compute service project of Zhejiang Lingai Future Technology Co., Ltd. with 489 million yuan. At the beginning of February, Shanghai Chengdi Xiangjiang Data Technology Co., Ltd.’s wholly owned subsidiary, Xiangjiang System Engineering Co., Ltd., and Shanghai Qisiyun Computing Co., Ltd., as members of a joint consortium, became the bid-award candidates for the “China Mobile Yangtze River Delta (Yangzhou) Data Center MEP EPCO Framework Procurement Project (Bid Package 1),” with an estimated bid price of about 1.22 billion yuan.

In the energy storage sector, Guangzhou Zhiguan Electric Co., Ltd. (hereinafter referred to as “Zhiguan Electric”) released an announcement on February 13. Its controlling subsidiary, Guangzhou Zhiguan Energy Storage Technology Co., Ltd., recently signed an energy storage equipment order with China Power Construction Group Hebei Electric Power Survey, Design and Research Institute Co., Ltd., with a total contract value of 210 million yuan.

“Currently, our company has sufficient energy storage orders, and we are speeding up production and delivery. In addition, our overseas-facing products have obtained certification in the EU region. At the beginning of the year, we signed orders for several hundred industrial and commercial energy storage cabinets in Greece, Malaysia, and others. Going forward, the company will further increase efforts to expand overseas business.” Relevant personnel from the board secretary office of Zhiguan Electric told Securities Daily reporter.

In the traditional infrastructure sector, Zhejiang Construction Investment Group Co., Ltd. released an announcement on April 2 stating that its subsidiary, Huaying Construction Co., Ltd., recently received a bid-winning notification letter and successfully won the construction project—Phase I of the Tianhua Road public housing development project—with a bid price of about HK$1.4 billion.

At the same time, the overseas market has become an important growth driver for order increases among A-share companies, and companies’ pace of “going global” continues to accelerate. From March 12 to March 14, China Power Construction Co., Ltd. consecutively released announcements titled “Announcement on Signing Major Contracts.” These cover three major overseas projects, with a total contract value of more than 25 billion yuan, including a 5.64B yuan design-build general contracting contract for a highway project signed with Montenegro Road Ltd., a 13.96B yuan EPC contract for the UAE Abu Dhabi RTC2.1GW+7.75GWh energy storage and solar project, and a 5.46B yuan construction general contracting contract for Indonesia’s TMS nickel ore mining project. This achieves an extension from traditional infrastructure to general contracting for resource development projects.

On March 5, Shenghui System Integration Group Co., Ltd. released an announcement stating that the company’s controlling subsidiary under it won the “Thailand Pengsheng PA03 power, interior and one-time distribution electromechanical engineering” project and received related orders. The total order price reached 1.09 billion Thai baht, which is equivalent to about 242 million yuan (excluding tax). Relevant company personnel stated publicly: “This order will benefit the development of overseas business and will have a positive impact on performance.”

Gong Huijing believes that the increase in listed companies’ orders within the year is not only a signal of the current economic recovery, but also the starting point of medium- to long-term industrial trends. Capital is accelerating its shift from traditional sectors to the new quality productive forces sector represented by “new energy + AI.” Leading enterprises with technological barriers, global layout capabilities, and industrial-chain integration capabilities will hold core advantages in this round of structural recovery.