---
title: "XREC: The holding subsidiary has won a bid for an additional related transaction of 27.1249 million yuan"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/263073053.md"
description: "XREC announced that its holding subsidiary won the bid for the Wuhou service network project, with a contract amount of 27.1249 million yuan. Since the winning bidder is an affiliated company, it constitutes a related party transaction. This transaction has been approved by the board of directors and does not require approval from the shareholders' meeting. The environmental construction company is expected to generate revenue of 2.505 billion yuan and a net profit of 24.6761 million yuan in 2024, with revenue of 1.691 billion yuan and a net profit of 19.0660 million yuan from January to September 2025. From 2025 to date, the cumulative related party transactions amount to approximately 810 million yuan"
datetime: "2025-10-28T11:40:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263073053.md)
  - [en](https://longbridge.com/en/news/263073053.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263073053.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/263073053.md) | [繁體中文](https://longbridge.com/zh-HK/news/263073053.md)


# XREC: The holding subsidiary has won a bid for an additional related transaction of 27.1249 million yuan

XREC announced that its holding subsidiary, the water supply company, has determined the Environmental Construction Company as the winning bidder for the construction section of the Wuhou service point project, with a winning bid price of 27.1249 million yuan including tax. Since the Environmental Construction Company is a related party of the company, this transaction constitutes a related party transaction. This transaction has been reviewed and approved by the company's board of directors and does not constitute a major asset reorganization, thus does not require approval from the shareholders' meeting. The Environmental Construction Company is expected to have a revenue of 2.505 billion yuan and a net profit of 24.6761 million yuan in 2024, and for the period from January to September 2025, it is expected to have a revenue of 1.691 billion yuan and a net profit of 19.066 million yuan. From 2025 to date, the company has accumulated related party transactions of approximately 810 million yuan

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