GREENSUM ECOLOGY(SZ:300948) Xin Lang Cai Jing·2025-08-23 01:49Core Viewpoint - Qingdao Guanzhong Ecological Co., Ltd. has signed a significant contract worth approximately 239.89 million yuan for the construction of the Boshan District Urban and Rural Water Supply Improvement and Renovation Project, which is expected to enhance the company's capabilities in the municipal public sector [1][4]. Group 1: Contract Details - The contract is a joint venture with Hubei Zhongsen Huatai Construction Engineering Co., Ltd. and Zibo Water Conservancy Survey and Design Institute Co., Ltd. [1][2] - The total contract price is 239.89 million yuan, which includes a design fee rate of 1.4% and a construction cost reduction rate of 0.18% [3]. - The project will cover network extension and renovation, new water plant construction, and smart water management, providing comprehensive services including surveying, design, procurement, and construction [3]. Group 2: Financial Impact - The contract value represents approximately 165.11% of the company's audited consolidated revenue for the year 2024, indicating a substantial potential impact on future financial performance [4]. - Successful execution of the contract is expected to enhance the company's competitive edge and business development in the municipal public sector [4]. Group 3: Counterparty Information - The contracting party, Zibo Boshan Rural Economic Development Co., Ltd., was established in July 2021 with a registered capital of 60 million yuan and is controlled by the Zibo Boshan Finance Bureau, indicating strong performance capability [2]. - The joint venture partners have no prior business dealings with Guanzhong Ecological, and both have strong creditworthiness and operational stability [2].