On December 16, Gelonghui reported that Shandong Longquan Pipe Industry (002671.SZ) announced that it had recently signed the "Contract Agreement for the Purchase of Concrete Protective Layer Prestressed Steel Cylinder Concrete Pipes (PCCPD-C) and Steel Fittings Pipe Contract No. 2" (hereinafter referred to as "Contract One") with one company, as well as the "Purchase Contract for Concrete Protective Layer Prestressed Steel Cylinder Concrete Pipes (PCCPD-C) and Steel Fittings Pipe" (hereinafter referred to as "Contract Two") with another company ("Contract One" and "Contract Two" are collectively referred to as "Contracts").

The delivery period for the contracts is to ensure supply conditions by April 30, 2025, and the supply schedule will be formulated according to the approved construction progress plan. The tentative end date for pipe supply is set for 2026, with specific timelines to be announced according to the construction progress. The contract amount for this contract is 0.287 billion yuan, accounting for approximately 25.95% of the company's audited revenue for 2023. The smooth execution of this project is expected to have a positive impact on the company's revenue and operating profit during the supply period.