Longquan Co., Ltd. wins the bid for the Xiangyang urban water source project, with an amount close to 100 million yuan, accounting for 8.67% of last year's revenue.

MaticHoleFiller · 2026-03-21T04:23:39+00:00

Shandong Longquan Pipe Industry Co., Ltd. won the bid for the Xiangyang City Urban Water Source Replacement Project with a contract value of approximately 99.4275 million yuan. The project has no affiliated relationships with the bidding entity and is expected to have a positive impact on the company's 2024 operating revenue. However, the contract has not yet been signed, and there are uncertainties. Investors should pay attention to the potential risks.

MaticHoleFiller

2026-03-21 04:23:39

Abstract generation in progress

Recently, Shandong Longquan Pipe Industry Co., Ltd. (Stock Code: 002671, Stock Abbreviation: Longquan Co.) released a voluntary information disclosure announcement, announcing that the company has won the bid for the raw water main project of the Xiangyang City Water Source Replacement Project, including prestressed concrete pipe and fittings procurement, with a bid amount of 99.4275 million yuan.

The announcement shows that the tenderer for this project is Xiangyang Zhonghuan Water Affairs Co., Ltd., and the company has no related relationship with the tenderer. According to the bid result announcement published on March 17 on the Xiangyang Public Resources Electronic Trading Service System, Longquan Co. has been confirmed as the winning bidder for the project.

Project Information
Specific Details
—
Tenderer
Xiangyang Zhonghuan Water Affairs Co., Ltd.
Project Name
Raw Water Main Project of the City Water Source Replacement Project, including prestressed concrete pipe and fittings
Bid Amount
RMB 99,427,500.40 (approximately 99.4275 million yuan)
Delivery Schedule Requirements
The first batch of goods to be delivered within 20 days after signing the contract, with subsequent batches delivered according to the supply plan issued by the tenderer
Related Relationship
The company has no related relationship with the tenderer

The company states that it has made full preparations in terms of funds, personnel, and technology for this project and has the capacity to perform the contract. The bid amount accounts for about 8.67% of the company’s audited operating revenue for 2024. The project is expected to have a positive impact on the company’s operating income and profit during the delivery period.

It is worth noting that as of the disclosure date of this announcement, Longquan Co. has not yet received the winning notice nor signed a formal contract. The company reminds that the signing of the contract and the terms are still uncertain, and the final contract shall prevail. The company will fulfill its information disclosure obligations in a timely manner based on subsequent developments. Investors are advised to be cautious of investment risks.

Click to view the original announcement>>

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Editor: Xiao Lang Kuai Bao

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