bestfreep2ecryptogames| Dingxin Communication: Received a notification on the handling of bad behavior by suppliers of State Grid Hubei Province Electric Power Co., Ltd.

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[Dingxin Communications: received a notice on the handling of the bad behavior of the suppliers of Hubei Electric Power Co., Ltd.] Securities Times e CompanyBestfreep2ecryptogamesDingxin Communications (603421) announced on the evening of May 8th that the company received the information issued by the State Grid Hubei Province Power Co., Ltd.Bestfreep2ecryptogames...

bestfreep2ecryptogames| Dingxin Communication: Received a notification on the handling of bad behavior by suppliers of State Grid Hubei Province Electric Power Co., Ltd.

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[Dingxin Newsletter: received a notice on the handling of the bad behavior of the suppliers of the National Grid Hubei Electric Power Co., Ltd.] Securities Times e, Dingxin Communications (603421) announced on the evening of May 8, the company received the "Notification on the handling of supplier Bad behavior issued by the National Grid Hubei Electric Power Co., Ltd." The company was blacklisted for 2 years by Hubei Electric Power Co., Ltd. from February 23, 2024 to February 22, 2026 in the centralized bidding of Hubei Province. As the scope of the treatment only covers Hubei Province, the processing results of State Grid have not yet been announced, so the impact of this announcement on the bid-winning operation and performance of State Grid is uncertain. Assuming that the circuit breaker period of the State Grid to the company is one year, it is estimated that the "circuit breaker mechanism" will reduce the company's operating income by about 1.65 billion yuan in the next 3-4 years, about 550 million yuan in 2024 and 870 million yuan in 2025, according to the company's bid-winning amount and recognized income in the past two years.

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