Wuxin Tunnel's subsidiary company wins the Nantong Port project with a contract value of 96.16 million yuan

Recently, Hunan Wuxin Tunnel Intelligent Equipment Co., Ltd. (stock code: 920174, stock abbreviation: Wuxin Tunnel) issued an announcement stating that its wholly owned subsidiary, Hunan CRRC Wuxin Heavy Industry Co., Ltd. (hereinafter referred to as “Wuxin Heavy Industry”), has successfully won the bid for the related project of Nantong Tongyuan Port Co., Ltd., with a total bid amount of RMB 96.16 million.

The announcement shows that this winning bid project is the “Nantong Gangtonghai Port Area Tonghai Operations Area Central Wharf Area East Section Berth Engineering Gantry Crane Procurement Project THGQ-MJ2 Bid, THGQ-MJ3 Bid.” As the winning bidder, Wuxin Heavy Industry will be responsible for the supply of the gantry cranes for this project.

Wuxin Tunnel stated that the project bid this time falls within the scope of the company’s core business, which is conducive to further enhancing the company’s market competitiveness. It is expected to have a positive impact on the company’s business development, market expansion, and other aspects.

However, the company also warns of risks, stating that it will actively advance the related procedures such as signing the formal contract with the bidding entity. There is still uncertainty regarding the actual execution amount, execution content, and execution date; the specific information shall be subject to the formal contract. Meanwhile, the company will recognize the corresponding accounting period revenue in accordance with the relevant provisions of the accounting standards and the contract performance. The impact of the order signed this time on the company’s operating revenue and profit shall be subject to the final audited results.

The company invites广大 investors to make prudent decisions and take precautions against investment risks.

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