Hewang Electric (603063): Awarded the procurement project by Urumqi Oil and Gas Transmission Branch, with a winning bid of 6.6 million yuan.

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According to Tongbi Finance, Qichacha data shows that based on the “Western Second Line Urumqi Gas Compression Station Variable Frequency Drive Power Unit Localization Transformation Project Power Unit Scientific Material Procurement,” Shenzhen HeWang Electric Co., Ltd. announced on March 6, 2026, that it won the Urumqi Oil and Gas Transmission Branch procurement project with a bid amount of 6.6 million yuan.

Related listed company: HeWang Electric (603063.SH)

Tongbi Finance Tips:

HeWang Electric (603063.SH) reported a revenue of 3.733 billion yuan in 2024, with a year-over-year growth rate of -0.50%. Net profit attributable to the parent company was 441 million yuan, with a growth rate of -12.28%. Return on equity was 10.71%.

In the first half of 2025, the company’s revenue was 1.884 billion yuan, a 36.39% increase, and net profit attributable to the parent was 243 million yuan, a 56.79% increase.

The company currently belongs to the industrial sector, with main product types including substation equipment. In 2024, the main business composition was: new energy electrical control business: 76.62%; engineering transmission business: 15.06%; others: 6.56%; other businesses: 1.76%.

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