Hangxiao Steel Structure signs overseas project contract worth 1.128 billion yuan

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Summary · why it matters

Hangxiao Steel Structure announced on the evening of September 1 that it has signed a DEP project procurement contract with Dangote Oil Refining Free Zone Enterprise. The contract value is 166 million US dollars, equivalent to approximately 1.128 billion yuan, accounting for 15.87 percent of the company's most recent audited annual operating revenue. Dangote Oil Refining Free Zone Enterprise is a subsidiary of the Dangote Group, and the two parties have a prior history of cooperation. Hangxiao Steel Structure stated that the contract value is large and the performance period is long, and there are risks that the contract may not be performed on schedule or in full due to unforeseeable factors such as laws and regulations, industry policies, and market conditions. On the same day, JCHX announced that it has undertaken the mining construction project for the Majiazhuang phosphate mine in Zhijin County, Guizhou Province, with a signed contract price of 300 million yuan and a construction period of 769 calendar days. Far East Smarter Energy, Willfar Information, and Shandong University Electric Power also announced contract awards. Among them, Far East Smarter Energy received in August a total of 1.78 billion yuan in contract orders of 10 million yuan or above won or signed by its subsidiaries. Willfar Information won contracts totaling 46.4126 million yuan, and Shandong University Electric Power won contracts totaling approximately 15.806 million yuan.

Impact on assets 4

Others▲ · 4 stocks
Hang Xiao Steel Structure Co Ltd
600477
▲ PositiveDemandrelevance

Signed a $166M (1.128B yuan) DEP project procurement contract with Dangote Oil Refining Free Zone Enterprise, a major order worth 15.87% of annual revenue.

JCHX Mining Management Co Ltd
603979
▲ PositiveDemandrelevance

Undertook the Majiazhuang phosphate mine mining construction project in Guizhou with a signed contract price of 300 million yuan.

Off-coverage companies 1

Shandong Shanda Electric Power Technology Co., Ltd.Private▲ Positive
Demandrelevance

Won contracts totaling approximately 15.806 million yuan.

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