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(Original title: After the State Grid’s fuse was cut, the Southern Grid issued another warning! Dingxin Communications is “thunderbolt” and may lose another 600 million in revenue in the next two years | Quick read announcement)

Dingxin Communications(603421.SH) announced late yesterday night that the company and its subsidiaries received a blacklist warning from the State Grid Corporation of China on July 29. The State Grid Corporation of China initially believed that the company was suspected of disciplinary violations and was included in the warning from July 29, 2024. It was recommended that the company be banned from the market. The warning period and the final handling result are not yet determined.

According to the announcement, the company's winning bid amount in the Southern Power Grid system in 2023 was 684 million yuan (including tax) and the revenue amount was 530 million yuan, accounting for 14.60% of the company's audited operating income in 2023; from January to July 2024, the winning bid amount in the Southern Power Grid system was 611 million yuan (including tax) and the revenue amount was 283 million yuan.

The company stated that, assuming the impact of this incident lasts for half a year, based on the company's winning bid amounts and confirmed revenue in the Southern Power Grid system in the past two years, it is estimated that the company's operating income will decrease by an average of approximately 310 million yuan per year in the next two years.

It is worth noting thatChina Southern Power GridThe warning event occurred when Dingxin Communications wasState GridCircuit BreakerThe final results came out soon.

In June this year, Dingxin Communications announced that according to the "Notice on the Handling of Suppliers' Bad Behaviors" issued by the State Grid Corporation on June 3, the company was blacklisted by the State Grid for two years in all categories of bidding and procurement in the State Grid system from February 23, 2024 to February 22, 2026; it is estimated that the punishment from the State Grid will cause the company's operating income to drop by about 3.3 billion yuan in the next 4-5 years. Last year, Dingxin Communications' operating income was 3.633 billion yuan.

This time, Dingxin Communications stated that the company has only received a blacklist warning notice from the State Grid Corporation of China. The company has filed a complaint with the State Grid Corporation of China. The final outcome and release deadline of this incident are still unknown.

On the same day, Dingxin Communications announced that the company's controlling shareholder, actual controller Wang Jianhua, Zeng Fanyi and some directors, supervisors and senior managers plan to increase their holdings in the company's shares through methods permitted by the Shanghai Stock Exchange system (including but not limited to centralized bidding and block trading) within 6 months from the date of disclosure of this announcement. The total amount of this increase will not be less than 12 million yuan and not more than 20 million yuan.

In addition, on July 29, Dingxin Communications issued an announcement indicating that during the company's turbulent times, the old secretary Hu Sixiang will return to the company.