On the evening of March 10, Guangri shares (600894) announced that the company's wholly-owned subsidiary, Guangzhou Guangri Electric Equipment Co., Ltd. (“Guangri Electricâ€) and Hainan Middle East Group Co., Ltd. signed the “Leizhou Peninsula Roundabout First Class Highwayâ€. The project contract for the infrastructure project of the Nayong to Datang section of the South Line. The contract amount is 150 million yuan.
Guangri shares said that the signing of the contract will drive the return on investment while driving the sales of Guangri Electric LED lamps, wires and cables, and urban intelligent monitoring systems. However, Guangri Electric has assumed financing obligations in this project and the amount involved in the project investment is large, so there is a certain risk in project construction.
However, given that the contract stipulates the payment commitment and guarantee terms of the project, and Guangri Electric has rich experience in related projects, the risk is still within the controllable range.
Guangri shares said that the signing of the contract will drive the return on investment while driving the sales of Guangri Electric LED lamps, wires and cables, and urban intelligent monitoring systems. However, Guangri Electric has assumed financing obligations in this project and the amount involved in the project investment is large, so there is a certain risk in project construction.
However, given that the contract stipulates the payment commitment and guarantee terms of the project, and Guangri Electric has rich experience in related projects, the risk is still within the controllable range.
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