HHI(SH:601226) Shang Hai Zheng Quan Bao·2025-11-07 21:32Core Viewpoint - The company has signed a significant contract for the construction and installation of a 1 million kW offshore wind power project, which is expected to positively impact its business performance and market position in the offshore wind sector [1][5]. Group 1: Contract Details - The company, as the leading member of a consortium, has entered into a contract with China Electric Power Construction Group Central South Survey and Design Institute for the Liaoning Huadian Dandong Donggang Phase I offshore wind power project, with a total contract value of approximately 341,533.88 million RMB (including tax) [1][3]. - The contract includes the construction of 84 wind turbine positions, covering single pile foundation engineering, wind turbine installation, procurement and laying of submarine cables, and other related works [3][4]. - The payment structure consists of advance payments, material payments, progress payments, acceptance payments, and quality assurance funds, with the project expected to be fully operational by October 1, 2027 [4]. Group 2: Impact on the Company - The contract amount represents about 45.29% of the company's most recent audited revenue, indicating a substantial contribution to the company's financial performance [5]. - Successful execution of this contract is anticipated to enhance the company's market position and influence in the offshore wind power business [5]. Group 3: Buyer Information - The buyer, China Electric Power Construction Group Central South Survey and Design Institute, is a limited liability company with a registered capital of 135,000 million RMB, established in 1994, and primarily engaged in construction engineering design and related services [1][2].