According to CoinMeta, Fengfan Co., Ltd. announced that it won the bids for Package 1 of angle steel towers, Package 62 of angle steel towers, and Package 1 of steel pipe towers in the fifth public bidding for equipment materials for the State Grid Corporation of China's 2026 power transmission and transformation projects. The winning bid amount is approximately 86.6946 million yuan, which accounts for about 2.91% of the company's audited operating income in 2025. Winning this bid has a positive impact on the company's business performance, but no formal business contract has yet been signed with the relevant parties, and there is uncertainty regarding the contract terms and their impact on current performance.