Songsheng Corporation: Signed a 12 million yuan technology development contract.
Sungsheng Co., Ltd. announced that the company has signed a "Technology Development Contract" with Chongqing Jinggang Transmission Technology Co., Ltd. The contract amount is 12 million RMB, with a cooperation period from June 30, 2025, to June 30, 2029. The contract aims to design and develop harmonic reducers, intelligent joint modules, and key components with high precision, lightweight, and intelligent characteristics, and achieve mass application in the industrial field such as robotics. The company will provide research and development funds, and work together with Chongqing Jinggang Transmission to promote the industrialization of products, actively organize market development with its own resources, and promote the market application of products. The performance of the contract will not have a significant impact on the company's financial condition and business performance for the current year, and the impact on the company's future business performance will be determined based on the progress of subsequent projects between both parties.
Latest