Longquan Co., Ltd. announced that its wholly-owned subsidiary, Wuxi Xinfeng Pipe Co., Ltd. was selected as the winning candidate for the “Three Australia Project” of CGN Engineering Co., Ltd. The project involved LOT140wa non-nuclear grade pipelines and pipeline accessories for units 3 and 4. The bid price was RMB 69.5357 million, accounting for about 6.28% of the company's audited revenue in 2023. Project execution is expected to have a positive impact on operating income and operating profit during the delivery period. Currently, Xinfeng Management is the winning candidate and has not received a notice of winning the bid, so there is uncertainty.
龙泉股份：子公司中标6953.57万元项目
Longquan Co., Ltd.: The subsidiary won the bid for the 69.5357 million yuan project
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