Hangxiao Steel Structure (600477.SH) signs a contract for a $166 million overseas project.
Hangxiao Steel Structure (600477.SH) announced that the company has recently signed a procurement contract for the DEP project (design, manufacturing, and supply business) with Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise. The contract amount is approximately $166 million (equivalent to about 1.128 billion yuan), accounting for 15.87% of the company's most recent audited operating income. The large contract amount of this project will have a certain impact on the companys future performance if the contract officially comes into effect and is performed smoothly.
Hangxiao Steel Structure (600477.SH) announced that recently, the company signed a procurement contract (design, manufacturing, and supply) for the DEP project with Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise. The contract amount is approximately $166 million (equivalent to about 1.128 billion RMB), accounting for 15.87% of the company's most recent audited operating income. Given the large amount involved in this project contract, its formal enactment and successful execution will have a certain impact on the companys future performance.
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