480 million Ningde era order is gone! Huazi Technology cancels two lithium equipment orders

After trading on September 15, Huazi Science and Technology (300490) issued an announcement that the company disclosed the "announcement on the bid winning of subsidiary lithium equipment business" on April 28 and May 18 this year, respectively. The wholly-owned subsidiary Jingshi Machinery has received the fixed-point bid winning notice in Ningde era, and the winning amount is 230.52 million yuan (including tax) and 250.86 million yuan (including tax) respectively. Recently, after friendly negotiation, Jingshi Mechatronics and Ningde Times signed an "order change Agreement" for the above-mentioned winning orders.

Huazi Science and Technology said that due to changes in the implementation of the project, changes in technical conditions and the schedule of lean mechanical and electrical capacity, the above two orders were cancelled and will no longer be implemented after friendly negotiation between the two parties. The change of this order is the result of friendly negotiation between the two parties and will not affect the normal performance and follow-up cooperation of other orders of both parties.

According to the previous announcement, the total amount of the two orders is nearly 480 million yuan, accounting for about 40% of the operating income of Huazi Technology in the most recent fiscal year. The impact of this sharp reduction in large orders on Huazi Technology should not be underestimated. In addition, the cancellation of the Huazi science and technology order has also received a letter of concern from the Shenzhen Stock Exchange, requiring a detailed explanation of the specific reasons for the termination of the 480 million yuan order in the Ningde era, and verify to the insiders whether there is insider information leakage, insider trading, and so on.

In addition, Battery Network noted that Ningde Times announced on the evening of September 15 that about 3.3865 million of the company's restricted shares will be lifted and listed on September 22, 2021, accounting for 0.15% of the company's total share capital. The listing and circulation date of the unrestricted shares is September 22, 2021.