Xinjiang Guotong Pipeline (002205.SZ) won the bid for a pre-stressed concrete cylinder pipe (PCCP) procurement project worth 167 million yuan, accounting for 46.59% of its revenue.
China State Construction Engineering Corporation (002205.SZ) issued an announcement that the company recently participated in a domestic project involving prestressed concrete pipes.
Xinjiang Guotong Pipeline (002205.SZ) issued an announcement that the company recently participated in the bidding for the second package of a domestic project involving pre-stressed concrete cylinder pipes (PCCP). Recently, the company received a notification of winning the bid from the project owner, confirming that the company won the bid for the project. The bid amount is 167 million yuan, accounting for 46.59% of the company's audited total operating income for the year 2023.
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HK Stock Market Move | Steel stocks across the board fell, with the steel industry implementing export license management. Institutions are optimistic about the long-term industry supply and demand turning for the better.

HK Stock Market Move | Technology stocks continue to probe lower, with Alibaba Group (09988) falling more than 4% and Tencent Holdings (00700) dropping nearly 2%.

Citigroup raises the target price of Jiangxi Copper (00358) to HK$39.8 as copper and gold prices are expected to increase, driving up gross profit.

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