Core Viewpoint - The company has secured a significant subcontract for the Saudi Qiddiya Cultural and Arts Center project, valued at 650 million Saudi Riyals (approximately 1.23 billion RMB), which represents 6.7% of its latest audited revenue [1] Group 1: Recent Contracts and Projects - The Qiddiya project marks another major breakthrough for the company in the Middle East, expected to positively impact future performance [1] - Previous contracts include a 1.17 billion USD (approximately 844 million RMB) subcontract for the Dammam Stadium project signed in June 2024 [1] - In July 2025, the company announced a subcontract for the Jeddah Stadium and surrounding sports village project, valued at 290 million Saudi Riyals (approximately 550 million RMB) [1] - The company also signed a contract for the renovation of the King Fahd Stadium's steel structure in March 2025 [1] Group 2: Company Performance and Financials - For the first nine months of 2025, the company signed 533 new contracts with a total value of 17.98 billion RMB, reflecting a year-on-year growth of 4.8% [4] - In the third quarter of 2025, the company signed 173 new contracts worth 5.47 billion RMB, showing an 11.2% increase year-on-year [4] - The company's steel structure sales reached 1.18 million tons in the first nine months of 2025, a 34.6% increase compared to the previous year [4] - In the third quarter of 2025, steel structure sales were 345,000 tons, marking an 11.8% year-on-year growth [4] Group 3: Company Background - Established in 1999, the company is a comprehensive steel structure service provider, involved in research, design, manufacturing, and construction [2] - The company has completed over 600 landmark projects, including the National Stadium "Bird's Nest" and the Lusail Stadium for the 2022 Qatar World Cup [2]