SMM News: on the evening of July 16, Longji shares (601012) issued an announcement saying:
The company has signed a silicon wafer sales contract with Vietnam Battery Technology Co., Ltd. And Shanghai Yizhi New Energy Technology Co., Ltd., with a total shipment of 1.31 billion pieces. The two sides negotiate a monthly price, and the total value of the contract is estimated to be about $540 million, accounting for 17 per cent of the company's revenue in 2018.
The contract runs from July 1, 2019 to December 31, 2021, of which 254 million tablets were shipped in 2019.
According to the announcement, the price of the single piece is estimated at US $0.415 per piece, higher than the offer of US $0.405 per film on Longji's official website.