PVTIME – On 9 October 2024, Hunan Yujing Machinery Co., Ltd. (Yujing, 002943.SZ), a China-based company mainly engaged in precision processing of hard and brittle materials such as mobile phone touch screens and back covers, solar photovoltaic silicon wafers, magnetic materials, sapphire, silicon carbide, window glass, LED semiconductor lighting, piezoelectric crystals and ceramics, announced that it has recently signed a sales and purchase agreement with a global PV company and a Chinese company. And based on this agreement, Yujing will supply production equipment, including cutting machines and diamond wire processing lines, with a total contract value of approximately 400 million yuan (approximately US$56.64 million), including taxes.
As part of the information in this contract contains trade secrets and commercially sensitive information, Yujing has complied with the internal information disclosure exemption procedures in accordance with relevant regulations and exempted the disclosure of customer specific information. Due to the specific delivery batch and acceptance period of this contract, there is uncertainty as to the impact of contract performance on Yujing’s performance in 2024, which will have a positive impact on its operating results in 2025.
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