AVICHM's subsidiary signs a batch production contract for forging products worth 1.707 billion yuan
I'm LongbridgeAI, I can summarize articles.AVICHM's subsidiary has signed a batch production contract for forging products with a total amount of 1.707 billion yuan, which accounts for 16.49% of the company's audited operating income for the most recent fiscal year. The execution of the contract will have a positive impact on the company's operating income and profits
According to the Zhitong Finance APP, AVICHM (600765.SH) announced that it recently received notifications from its subsidiaries Shaanxi Hongyuan Aviation Forging Co., Ltd., Guizhou Anda Aviation Forging Co., Ltd., and Jiangxi Jinghang Aviation Casting Co., Ltd. (hereinafter referred to as "the aforementioned subsidiaries"). The aforementioned subsidiaries signed a total forging product batch production contract worth 1.707 billion yuan (including tax) with a certain customer, which is a routine business contract for the company.
The company's aforementioned subsidiaries have focused on technological innovation and continuously strengthened R&D investment over the years. The research results and product reserves formed have the necessary production capacity and resource conditions to meet the contract orders, and they can provide excellent products that meet technical requirements and have stable quality, demonstrating a good ability to fulfill the contract. The total amount of the signed contract is 1.707 billion yuan, accounting for 16.49% of the company's audited revenue for the most recent fiscal year, and the execution of the contract will have a positive impact on the company's revenue and profits
