---
title: "Shrinkage of 80 million USD! OJing Tech adjusts high-purity quartz sand procurement agreement"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/277542664.md"
description: "OJing Tech's procurement agreement for high-purity quartz sand with Silicore North America, signed in February 2024, has been adjusted from a total amount of USD 350 million to USD 270 million. The performance period of the agreement has been extended by one year, and the total procurement volume and pricing have also been adjusted accordingly. This revision is based on a phased adjustment due to the supply-demand mismatch in the photovoltaic industry, which may impact the company's future operating performance"
datetime: "2026-03-03T01:15:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277542664.md)
  - [en](https://longbridge.com/en/news/277542664.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277542664.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/277542664.md) | [繁體中文](https://longbridge.com/zh-HK/news/277542664.md)


# Shrinkage of 80 million USD! OJing Tech adjusts high-purity quartz sand procurement agreement

On March 3rd, OJing Tech announced the progress of a significant procurement agreement.

According to the announcement, OJing Tech signed a procurement agreement for high-purity quartz sand with Silica North America in February 2024, with an estimated total amount of USD 350 million.

Recently, OJing Tech and Silica North America reached a consensus and signed a "Revised Agreement" regarding the original agreement, re-negotiating certain terms of the original agreement. After this revision, the estimated total amount of the procurement agreement has changed to USD 270 million. The performance period of the agreement has been extended by one year, and the total quantity and price of high-purity quartz sand procurement have been adjusted accordingly with the agreement revision.

OJing Tech stated that this revision of the agreement is mainly based on the current phase of supply-demand mismatch in the photovoltaic industry, where the operating rates of various links in the main industrial chain remain low, leading to the company's main product sales and prices being at low levels. After friendly consultations between both parties, adjustments were made to certain matters of the original agreement. The signing of the revised agreement is a further supplement to the original agreement based on market demand and development status, aligning with industry cycle adjustments and the company's operational needs. There is a certain degree of uncertainty regarding the related performance and subsequent specific procurement situations, which may have a certain impact on the company's operating performance in future years

### 相关股票

- [OJing Tech (001269.CN)](https://longbridge.com/zh-CN/quote/001269.CN.md)

## 相关资讯与研究

- [New Buy Rating for Jiaxin International Resources Investment Limited (3858), the Basic Materials Giant](https://longbridge.com/zh-CN/news/281452487.md)
- [UniCredit - as of YE25 group MREL equal to 30.6% of RWA, 10% of LRE](https://longbridge.com/zh-CN/news/281399909.md)
- [CATL's controlling shareholder to donate some A-shares](https://longbridge.com/zh-CN/news/281197776.md)
- [Lectric April Showers e-bike sale offers up to $720 savings, EcoFlow + Anker SOLIX flash sales with up to 67% power station savings, more](https://longbridge.com/zh-CN/news/281655424.md)
- [14:43 ETUnited Transportation Achieves Accreditation from the Better Business Bureau](https://longbridge.com/zh-CN/news/281412197.md)