Jingao subsidiary signed 480 million orders with Otway

2023-06-07 11:32:00

The contract amount is about 480 million yuan.

On June 7, Ottway announced that the company's holding subsidiary, Wuxi Song Porcelain Electrical and Mechanical Co., Ltd., signed a sales contract with Qinghai Jingke Energy Co., Ltd. The subject matter of this contract is a large-size single crystal furnace with a contract value of about 480 million yuan (including tax). The contract shall come into effect from the date of signature and seal by both parties, and shall be delivered in batches within 3 months after the contract comes into effect.

It is understood that Song Porcelain Mechatronics is an important enterprise in the field of photovoltaic equipment in China , focusing on the research and development, production and sales of photovoltaic equipment, ingot casting equipment and direct electrification projects. The signing of this contract will be conducive to the business development of Song Porcelain Mechatronics and the company's revenue growth.

But at the same time, Otway also said that due to the average acceptance cycle of pine porcelain electromechanical products is 6-9 months, affected by the specific delivery batch and acceptance time of the contract, the impact of contract performance on the performance of 2023 is uncertain, which will have a positive impact on the company's business performance in 2024.

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Correlation

The contract amount is about 480 million yuan.

2023-06-07 11:32:00

Among them, "15 days" is the baseline task, and "X days" is organized by the Provincial Cement Association in the middle and late May to determine whether additional days are needed, depending on factors such as production and marketing inventory of enterprises in the province, market supply and demand, etc.