CANNY(SZ:002367) Xin Lang Cai Jing·2025-09-10 12:55Core Viewpoint - Kangli Elevator Co., Ltd. has signed operation and maintenance contracts for the Chengdu Metro lines, totaling over 750 million yuan, indicating a significant business development for the company [1][2]. Group 1: Contract Details - The contracts include maintenance services for 425 escalators and 63 elevators on Chengdu Metro Line 13, and 119 escalators and 18 elevators on Line 10, with a project duration of 180 months [2]. - The total contract price for the two projects is approximately 586.76 million yuan and 164.56 million yuan, respectively [1]. - The contracts will be executed by a joint venture, Sichuan Kangli Weitraffic Equipment Co., Ltd., in which Kangli Elevator holds a 54% stake [1]. Group 2: Financial Implications - The payment structure includes monthly payments for maintenance services during the first 36 months, with adjustments to contract prices every three years [2]. - The financial health of Chengdu Metro Operations Co., Ltd., a wholly-owned subsidiary of Chengdu Metro Group, is strong, which supports the reliability of contract execution [2]. Group 3: Potential Impact - Successful implementation of these contracts is expected to have a positive impact on the company's performance during the project execution period [3]. - However, there are risks associated with contract fulfillment, including policy changes and unforeseen circumstances that may affect the overall execution [3].