Zheng Quan Zhi Xing·2025-08-26 08:11Core Viewpoint - The company has signed a procurement contract with the Sichuan Provincial Student Financial Aid Management Center for the supply of free textbooks for the 2025-2026 academic year, with a total estimated value of approximately RMB 1.264 billion, ensuring stable revenue from its core publishing business [1][2][5]. Group 1: Transaction Overview - The contract is for the procurement of free textbooks for compulsory education in Sichuan Province for the 2025-2026 academic year, with an estimated total amount of RMB 1.264 billion, subject to actual order settlement [2]. - The contract is classified as a government procurement contract [1]. Group 2: Contract Parties - The Sichuan Provincial Student Financial Aid Management Center is a direct institution under the Sichuan Provincial Department of Education, responsible for implementing student financial aid policies and managing the procurement of free textbooks [2]. Group 3: Contract Terms - The total contract price is calculated based on the actual quantity purchased multiplied by the unit price, which includes all related costs such as publishing, printing, distribution, and after-sales service [3]. - The payment terms stipulate that 70% of the total estimated payment will be made within 15 working days after the invoice is verified, with the remaining balance settled after delivery and acceptance of the textbooks [4][5]. Group 4: Impact on the Company - The signing of this procurement contract is a normal business operation for the company, reinforcing its role as a supplier of textbooks and ensuring the stability of its main business revenue [1][5].