Xizi Jie Neng wins a 63.45 million yuan gas turbine supporting project, achieving key technological breakthroughs and expanding into the North American market.

Recently, Xizi Clean Energy Equipment Manufacturing Co., Ltd. (Securities code: 002534, Securities abbreviation: Xizi Clean Energy) released a voluntary disclosure announcement, stating that the company has successfully won a bid for a gas turbine supporting SCR device and catalyst procurement project for a certain domestic group company, with a total bid amount of approximately RMB 63.45 million (excluding VAT).

According to the announcement, the bid price for this project consists of two parts: RMB 35.91 million and USD 3.99M. After converting using the RMB exchange rate middle rate on the day, as published by the China Foreign Exchange Trade System based on the authorization of the People’s Bank of China, the total project amount is approximately RMB 63.45 million (excluding VAT). This amount represents 0.99% of the company’s audited operating revenue for fiscal year 2024.

Xizi Clean Energy said that this successful bid fully demonstrates the customer’s high recognition of the company’s core technical strength and outstanding product quality. The success of this project not only achieves a key technological breakthrough for the company in the gas turbine power generation field, but also lays a solid foundation for the company’s subsequent efforts to deepen its presence in the North American market and expand its global business layout. The company emphasized that after the formal contract is signed for this project and smoothly implemented, it will have a positive impact on the company’s business growth, operating performance improvement, and brand influence building, and will not affect the company’s business and operational independence. The company will not develop business dependence on the tenderer as a result.

However, the company also points out risks at the same time, noting that as of now, it has not yet signed a formal contract with the tenderer for the bid-winning project, and there is uncertainty regarding the contract signing. In addition, during the performance of the contract, if unforeseen factors or force majeure, etc., occur, there is a risk that the contract may not be fully performed or may be terminated. Investors are advised to make prudent decisions and be mindful of investment risks.

This bid-winning result is another demonstration of Xizi Clean Energy’s technical strength in the clean energy equipment manufacturing field. If the project is implemented smoothly, it will have a positive effect on the company’s future operating performance, and will mark an important step for it to expand overseas markets, especially the North American market.

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