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On 26 September Hongyuan cited a report on the domestic 110kV and above main grid transformer market published by QYResearch in its prospectus

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According to QYResearch, China's 110kV and above main grid transformer market sales revenue was 47.6 billion yuan in 2022, and the CAGR is expected to be 6.91% until 2029, so the sales scale of China's 110kV and above transformer is expected to be 50.9 billion yuan in 2023.

More: https://choicepdf.eastmoney.com/p2h/mobile/share/?infoCode=AN202409261640061981&shareFrom=choice-terminal
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