HHI(SH:601226) Zheng Quan Shi Bao Wang·2025-07-07 13:24Core Viewpoint - The company has signed three significant contracts related to coal yard transportation in Indonesia, totaling over 5.5 billion yuan, marking a major breakthrough in its material transportation business in the international market [1]. Group 1: Contract Details - The contracts include a design supply contract and a construction contract with a total amount of approximately 2.516 billion yuan (including tax), expected to be ready for coal transportation by July 30, 2027 [1]. - An operation and maintenance framework agreement worth about 3.051 billion yuan (including tax) has also been signed, which will provide services for 12 years after the completion and acceptance of the previous contracts [1]. Group 2: Business Model and Market Position - The coal transportation system involved in these contracts features digitalization, intelligence, high-speed capabilities, and green energy efficiency, further strengthening the company's leading position in the material transportation sector [2]. - This project introduces a new business model of "EPC (Engineering, Procurement, and Construction) + OM (Operation Management)," upgrading the company's international business model from single equipment export to comprehensive system solutions and service value chain extension [2]. Group 3: Business Scope and International Expansion - The company's business scope includes various industries such as power, hydrogen, ports, metallurgy, oil, chemicals, coal, building materials, and mining, expanding to over ten countries including Australia, Indonesia, Vietnam, the Philippines, India, Saudi Arabia, and Cambodia [3]. - Last year, the company had 16 foreign projects with a total contract amount of 658 million yuan, primarily distributed in Peru, Indonesia, Bangladesh, and South Korea [3].