Tianqi shares: subsidiary receives 321 million yuan order from GE Energy-Shanghai Metals Market

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Tianqi shares: subsidiary receives 321 million yuan order from GE Energy

Translation 09:08:15AM Jun 14, 2019 Source:Securities Daily

SMM News: Tianqi shares (002009) announced that Jiangsu FAW Foundry, a subsidiary of the company, received a major order from GE Energy on June 12, 2019. The order covers a number of large wind power equipment wheels, bases, bearing seats and other casting products, the total order value of about 320.9866 million yuan. The amount of this order accounts for 9.16% of the company's total operating income in the most recent audited fiscal year. If this order can be fulfilled smoothly, it is expected to have a positive impact on the company's operating performance in 2020 and 2021.

According to reports, GE Energy is a business group under the General Electric Company of the United States, and its main businesses are onshore and offshore wind power generation, wind power equipment blades, hydropower generation, power storage, solar power generation, power grid solutions, hybrid renewable energy and digital services.

Key Words:  Power Grid  Tianqi shares  GE 

Tianqi shares: subsidiary receives 321 million yuan order from GE Energy

Translation 09:08:15AM Jun 14, 2019 Source:Securities Daily

SMM News: Tianqi shares (002009) announced that Jiangsu FAW Foundry, a subsidiary of the company, received a major order from GE Energy on June 12, 2019. The order covers a number of large wind power equipment wheels, bases, bearing seats and other casting products, the total order value of about 320.9866 million yuan. The amount of this order accounts for 9.16% of the company's total operating income in the most recent audited fiscal year. If this order can be fulfilled smoothly, it is expected to have a positive impact on the company's operating performance in 2020 and 2021.

According to reports, GE Energy is a business group under the General Electric Company of the United States, and its main businesses are onshore and offshore wind power generation, wind power equipment blades, hydropower generation, power storage, solar power generation, power grid solutions, hybrid renewable energy and digital services.

Key Words:  Power Grid  Tianqi shares  GE