PVTIME – On 7 October 2024, Wuhan DR Laser Technology Corp (DR Laser, 300776.SZ), a high-tech company mainly engaged in the research, product, sales and service of top-quality laser equipment, and providing advanced laser application solutions to customers at home and abroad, announced that it and its subsidiaries have recently signed an equipment purchase contract with a leading PV company at a price of 1,228,628,300 yuan (excluding tax, approximately US$297.36 million), which is equivalent to 76.36% of DR Laser’s audited main business revenue for the year of 2023.
Under the terms of the contract, DR Laser will supply laser equipment to the customer and provide upgrade services.
DR Laser stated that the contract relates to its day-to-day operations and is expected to have a positive impact on its strategic development, operating income and net income. DR Laser will recognise revenue in the appropriate accounting period in accordance with the terms of the contract and its revenue recognition policy.
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