Shanghai SK Automation Technology (688155.SH) has signed a total of 725 million yuan in sales contracts with Contemporary Amperex Technology and its subsidiary.

Shanghai SK Automation Technology (688155.SH) announced that from July 6, 2024 to the disclosure date of the announcement, the company and its subsidiary Fujian Dongheng have received a total amount of approximately 725 million yuan (excluding tax) in various contracts and orders from Contemporary Amperex Technology Co., Ltd. ("Contemporary Amperex Technology") and its holding subsidiaries. The company has completed the internal approval procedures for signing these contracts. As the new energy vehicle market is in a rapid development stage, it has provided good market opportunities for the implementation of the above orders. The company has advantages in terms of equipment flexibility, intelligence, assembly accuracy, operational stability, and post-maintenance service capabilities. Therefore, both parties have strengthened their cooperation on the basis of their existing good cooperation. This sales contract is related to the company's daily operational activities. If the sales contract is successfully carried out, it is expected to have a positive impact on the company's performance in 2024-2025, helping to enhance the company's sustainable profitability and core competitiveness.