Contract Overview - Shanghai Hope Architectural Design Co., Ltd. signed an EPC general contracting agreement for the 200MW/400MWh shared energy storage demonstration project with Qingdao Langyuan New Energy Technology Co., Ltd. on July 15, 2025 [1] - The contract is valued at RMB 448,737,784 (including tax) and will be executed by a consortium led by Tianjin Jiahui Electric Power Engineering Co., Ltd. and China State Construction Engineering Corporation Eighth Engineering Division [4] Parties Involved - The client, Qingdao Langyuan New Energy Technology Co., Ltd., is engaged in various renewable energy activities including solar and wind power technology services, battery manufacturing, and energy management [2] - Tianjin Jiahui Electric Power Engineering Co., Ltd., a wholly-owned subsidiary of the company, is the leading party in the consortium [3] - China State Construction Engineering Corporation Eighth Engineering Division is a member of the consortium and has no prior transactions with the company in the last three years [3] Contract Details - The contract encompasses all aspects of the project including design, equipment procurement, installation, debugging, and construction, with a focus on ensuring the project meets grid connection conditions upon completion [4] - Payment will be made in stages, including advance payments, progress payments, and final settlement [4] Impact on Company - The contract is part of the company's regular business operations and is expected to have a positive impact on future operating performance if the project is successfully implemented [4][5] - Revenue recognition will follow accounting standards and company policies based on the project's progress [5]
霍普股份: 关于全资子公司中标项目签订合同的进展公告