HONGHUA GROUP: Honghua Electric and Taiping Petrochemical have signed an operating lease agreement

Zhitong
2025.08.24 10:48
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HONGHUA GROUP signed an operating lease agreement with Taiping Petrochemical, under which Honghua Electric will lease 16 units of 6,000 horsepower electric fracturing pumps and related equipment, with a rental fee of 8.9963 million yuan per quarter, an initial lease term of 36 months, and a possible extension of 24 months. This agreement aims to address the equipment supply gap, enhance service capacity, stabilize the supply chain, ensure operational continuity, and optimize procurement costs