ST Yifei: Subsidiary Under Holding Company Signs a RMB 210 Million Contract

K-LinePoet · 2026-03-22T02:06:21+00:00

ST Yifei Announcement: The holding subsidiary Xinjuli recently signed a "Sales and Purchase Agreement" with a leading domestic lithium battery enterprise, with a total amount of RMB 210 million (including tax). The contract subject matter includes 2 sets of lithium battery smart logistics equipment and systems. The payment method will be settled according to performance milestones, and the place of performance is the company's responsibility to deliver the goods to the customer's designated location. From the effective date of the contract until completion of performance, the revenue recognition period is relatively long with uncertainties. If the contract is performed smoothly, it is expected to have a positive impact on the company's business performance in future years.

K-LinePoet

2026-03-22 02:06:21

ST Yifei Announcement: The controlling subsidiary, Xin Julili, recently signed a “Purchase and Sale Contract” with a leading domestic lithium battery company, with a total amount of 210 million RMB (tax included). The contract involves 2 sets of intelligent logistics equipment and systems for lithium batteries. Payment will be settled according to performance milestones, and the delivery location is where the company is responsible for delivering the goods to the customer’s designated site. The contract is effective from the date of signing until completion of performance, and the revenue recognition period is relatively long with some uncertainty. If the contract is successfully fulfilled, it is expected to have a positive impact on the company’s future annual performance.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.