SHCD(SH:603887) Shang Hai Zheng Quan Bao·2025-12-02 19:36Core Viewpoint - The announcement details the progress of the Wuhu Longteng Smart Internet Industry Park Phase I electromechanical engineering project, highlighting changes in the contract and potential impacts on revenue and accounts receivable [2][16]. Group 1: Contract Changes - The newly signed settlement agreement alters the scope of the previously disclosed general contract, which may affect project revenue [2][17]. - The total contract price for the project is approximately RMB 1.98 billion (approximately 1980 million) [3]. - The project consists of three phases, with the contractor required to complete each phase within four months of receiving orders from the client [3]. Group 2: Financial Details - The total settlement amount for the first and second phases is RMB 1,646,484,000 (approximately 1646 million), with RMB 1,434,300,224.52 (approximately 1434 million) already paid by the client, leaving an outstanding amount of RMB 212,183,775.48 (approximately 212 million) [14]. - The third phase will not be constructed by the contractor due to changes in client requirements, and the contractor will coordinate with suppliers to adjust procurement contracts accordingly [15]. Group 3: Project Impact - The project progress and subsequent agreements will allow the subsidiary to complete the necessary work and achieve corresponding revenue, subject to actual audit results [16].