On September 13th, some investors asked 603173.SH: what is the payback cycle of the company's project? Is there a guarantee?

Fosda replied: domestic projects generally receive an advance payment of 20% of the contract amount after the signing of the contract, 30% of the equipment payment on delivery, and 20% of the transfer payment of 30% of the equipment after installation and commissioning. The remaining 5% is 10% guarantee. Overseas projects generally receive 10% Mel 20% advance payment after the signing of the contract, 20% Mel 30% progress payment according to the project node, and the remaining payment is usually collected before customs declaration, usually without quality guarantee. The company will issue a quality guarantee bank guarantee to the customer or a quality guarantee Usance letter to our company.