Recently, the e-commerce platform of the State Grid Corporation of China announced the bidding results of box-type substation products for provincial companies of the State Grid Corporation of China in 2025 (as of August). As of August, the cumulative bidding amount exceeded 2.628 billion yuan, with a total of 88 companies successfully winning the bid. Jinguan Electric (stock code: 300510), with its innovative technological strength and reliable product quality, ranked 15th among the bidding companies, becoming one of the highlight enterprises in this round of centralized procurement for the power grid.

01 R&D Innovation: Building Technical Barriers and Leading Industry Standards

As a high-tech enterprise with years of experience in the smart grid and new energy fields, Jinguan Stock adheres to the three-pronged development strategy of "smart power + digital new energy + integrated services", and has formed a complete R&D and manufacturing system for smart grid and new energy equipment. The company boasts 2 specialized and innovative "little giant" enterprises, 3 high-tech enterprises, 3 provincial-level enterprise technology centers, 1 intelligent switch research and development center, 2 smart grid product R&D centers, and 1 provincial postdoctoral workstation. It has obtained more than 400 patents and has led or participated in the formulation of more than 20 national and industry standards.

The company actively participates in multiple national, ministerial, and provincial key research projects. Several of its products have been recognized as national and provincial key new products, and it has won numerous honors such as the National Science and Technology Achievement Award, the First Prize of Jiangsu Science and Technology Award, the Most Influential Brand in China's Electrical Appliance Industry, the Top 100 Creative Enterprises in China's Electrical Appliance Industry, and the AAA-level Credit Enterprise.

02 Smart Manufacturing: Creating a Benchmark for Industry 4.0 through Digital and Intelligent Integration

Jinguan Electric actively strives to establish a benchmark for Industry 4.0 smart manufacturing. It has established four major research and manufacturing bases in Changchun, Nanjing, Hangzhou, and Changzhou, forming a cluster of smart factories to achieve efficient production and technological upgrading.

As one of the core intelligent manufacturing bases, Changchun Company serves as a crucial platform for technological innovation and intelligent transformation. It has been recognized as a "Little Giant" enterprise for specialized, refined, unique, and innovative products, as well as a "Green Factory." It has been included in the "2024 Jilin Province Smart Factory List" and is leading the construction of the "Jilin Province Smart Grid and New Energy Digital Low-Carbon Technology Engineering Research Center." In terms of intelligent upgrading, the base has established an intelligent manufacturing system that integrates cutting-edge technologies such as 5G and digital twins, covering nine core scenarios including product research and development design, intelligent production scheduling, and quality traceability. Through the deep integration of intelligent production lines and industrial internet platforms, it has achieved full-chain digital connectivity, achieving remarkable results in key areas such as supply chain visualization and human-machine collaborative manufacturing. This has effectively promoted the coordinated operation of R&D, production, and management, forming a new paradigm of intelligent manufacturing with industry demonstration effects.

03 Product Application: Full-Scenario Coverage Empowers New Power Systems

Relying on its profound accumulation in the field of smart grid equipment, Jinguan shares continues to provide key support for the construction of new power systems. As a "National Grid A-Class Supplier," the company continues to increase R&D investment and promote the iterative upgrading of low-voltage/high-voltage switchgear, smart meters, charging piles, and other series of products.

In the field of smart power distribution, our company boasts mature technology in box-type substations and switchgear cabinets. Our products have been widely applied in various industries such as electricity, transportation, data communication, rail transit, and energy, and have been selected as one of the top ten smart box-type substation brands for 2024. In 2025, our company will launch a new generation of medium and low voltage systems to achieve intelligent management throughout the entire lifecycle of equipment.