Samsung Electric wins RMB 115 million in energy meter projects

Samsung Electronics (601567) announced on Sunday evening that the company had won the bid for the 11-3-1 batch of meter-grade electricity meter class procurement materials of China Southern Power Grid Co., Ltd. in 2011 with a total bid of RMB 115 million.

According to the announcement, Samsung Electric was the first bidder, the second bidder, the third bidder, the fourth bidder, and the fifth bidder for the project. There were altogether 8 packages, and the total number of successful energy meters was 908,000. only.

Samsung Electronics stated that the amount of successful bids accounted for 6.39% of the company's total operating revenue in 2010. The performance of the bid-winning contract will have a positive impact on the company's 2011 operating and operating results, but it will not affect the independence of the company's business and operations.

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