Signing a $500 million sales contract! Seiko Technology's response has arrived

Jinshi data news on December 2nd, Jinge Technology suddenly announced that the company signed a sales contract with Saudi GIM Company, with a total contract amount of 172 million US dollars, of which the equipment is 164 million US dollars, Margin is 7.5 million US dollars. Jinge Technology stated that the contract will be implemented in stages, and the total amount of equipment is 164 million US dollars, accounting for approximately 76.76% of the company’s audited total operating income in 2023. If the contract is successfully fulfilled in the future, it will expand the production and sales scale of the company’s new material equipment and have a significant positive impact on the company’s future operating performance. In response, the reporter called Jinge Technology, and the relevant person replied that it is currently uncertain whether the contract will affect the company’s performance in 2024, depending on whether the buyer will make partial payments for the contract in the current year. Previously, the proportion of the company’s overseas business income was not high.