Jangho(SH:601886) Sou Hu Cai Jing·2025-06-29 00:08Core Viewpoint - Jianghe Group (601886) has seen a stock price increase of 6.88% this week, closing at 5.59 yuan, with a total market capitalization of 6.333 billion yuan [1] Company Announcement Summary - Jianghe Group's wholly-owned subsidiary, Saudi Jianghe, signed a significant engineering contract worth approximately 2.012 billion yuan with Saudi Binladin Group for the Jeddah Tower curtain wall project, which will be the world's first building over 1,000 meters upon completion [1] - The contract amount is 10.52 billion Saudi Riyals, equivalent to about 2.012 billion yuan, representing 8.98% of the company's projected revenue for 2024 [1] - The project has an estimated construction period of three years and includes design, production supply, installation, testing, and maintenance of the curtain wall [1] - Saudi Binladin Group is one of the largest construction contractors in Saudi Arabia and the Middle East, with core businesses in large-scale construction, infrastructure development, and real estate investment [1] - The contract includes preliminary design services, which will not be executed separately [1] - There are risks associated with exchange rate fluctuations and potential impacts from policies, economic conditions, natural disasters, and wars that could affect the contract's execution [1]