Xili Technology wins the State Grid's 66.4167 million yuan metering equipment procurement project

Hangzhou Xili Intelligent Technology Co., Ltd. (Securities Code: 688616, Securities Abbreviation: Xili Technology) released a voluntary disclosure announcement on April 1, 2026, announcing that the company successfully won the bid in the State Grid Corporation of China’s 2026 marketing project measurement equipment special open bidding procurement, with a total bid amount of RMB 66.41 million (including tax).

The announcement shows that the State Grid Corporation of China has recently published the “State Grid Corporation of China’s 2026 marketing project measurement equipment special open bidding procurement” on its e-commerce platform (Bidding Number: 0711-26OTL01122003). Leveraging its technological strength and product advantages in the intelligent electricity meter field, Xili Technology became one of the winning bidders for the Class-A single-phase intelligent electricity meter, Class-B three-phase intelligent electricity meter, and Class-C three-phase smart electric meter.

Xili Technology said that this winning bid amount accounts for a certain scale of the company’s business and will have a positive impact on the company’s operating performance in 2026, and will not affect the company’s operating independence. As a leading enterprise in China’s power industry, the State Grid further consolidates Xili Technology’s market position in the field of intelligent metering equipment through this cooperation.

It is understood that the registered capital of the State Grid Corporation of China is RMB 1.3T, the legal representative is Zhang Zhigang, and its registered address is 86 Xichang’an Street, Xicheng District, Beijing. Its business scope covers multiple areas including power transmission, power supply, industrial investment, and operation management. Xili Technology has no related relationship with the State Grid Corporation of China.

Regarding the contract effectiveness conditions, the announcement states that the contract will become effective only after both parties’ legal representatives or authorized persons sign and affix the contract chops of both parties. The contract performance period runs from the effective date of the contract to the date when both parties have fully fulfilled their respective responsibilities and obligations.

However, Xili Technology also highlighted relevant risks. The company has not yet signed a formal contract with the State Grid Corporation of China. The contract signing time and performance arrangements still contain uncertainty. The project total amount, specific implementation, and the relevant terms of performance are all subject to the formally signed contract. At the same time, during contract performance, unexpected or force majeure factors may arise, creating the risk that the contract cannot be fully performed or may be terminated. Investors are kindly advised to make prudent decisions, and to pay attention to preventing investment risks.

Investors may view the original announcement through the State Grid Corporation of China e-commerce platform (

Click to view the original announcement>>

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