Honglu Steel announced that the company signed a “Steel Structure Material Price Lock Cooperation Agreement” with Fujian Zhongmin Daqin Engineering Management Co., Ltd., with a provisional processing capacity of 100,000 tons of steel structures and a total price of 375 million yuan for steel structural materials. The project is expected to be completed by the end of 2027. The advance payment is 50% of the provisional material cost, or 188 million yuan, and the company is required to provide a performance deposit of 5 million yuan. The provisional estimated value of the agreement accounts for about 1.70% of the company's main audited business revenue in 2025, and will have a positive impact on 2026 and 2027 revenue and profits.

Honglu Steel announced that the company signed a “Steel Structure Material Price Lock Cooperation Agreement” with Fujian Zhongmin Daqin Engineering Management Co., Ltd., with a provisional processing capacity of 100,000 tons of steel structures and a total price of 375 million yuan for steel structural materials. The project is expected to be completed by the end of 2027. The advance payment is 50% of the provisional material cost, or 188 million yuan, and the company is required to provide a performance deposit of 5 million yuan. The provisional estimated value of the agreement accounts for about 1.70% of the company's main audited business revenue in 2025, and will have a positive impact on 2026 and 2027 revenue and profits.