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East China Engineering Science and Technology Unit Intends to Sign Product Sales Contract
East China Engineering Science and Technology (002140.SZ): Inner Mongolia New Materials signed a product sales contract with Yulin Chemical.
On December 13, Gelonghui reported that East China Engineering Science and Technology (002140.SZ) announced that in order to form a relatively stable downstream market, its holding subsidiary, Sinochem (Inner Mongolia) New Materials Co., Ltd. (hereinafter referred to as "Inner Mongolia New Materials" or "Party A"), intends to sign a "Product Sales Contract" with its shareholder, Shaanxi Coal Industry Group Yulin Chemical Co., Ltd. (hereinafter referred to as "Yulin Chemical" or "Party B"), which stipulates that Yulin Chemical will sell the ethylene glycol and by-products produced by Inner Mongolia New Materials. Yulin Chemical is a wholly-owned subsidiary of Shaanxi Coal Industry Chemical Group Co., Ltd. (hereinafter referred to as "Shaanxi Coal Industry Group").
East China Engineering Science and Technology (002140.SZ): Currently, the ethylene glycol unit is still in the trial production stage.
Gelonghui November 22nd: East China Engineering Science and Technology (002140.SZ) stated on the investor interaction platform that in October 2024, Inner Mongolia New Materials will complete the full circulation of coal-based ethylene glycol production, outputting polyester-grade ethylene glycol products. Currently, the ethylene glycol unit is still in the trial production stage. Inner Mongolia New Materials will rely on the well-established market sales system of Shanxi Coal Group Yulin Chemical to form a relatively stable downstream market.
East China Engineering Science and Technology (002140.SZ): Currently, no solid state battery business has been developed.
Gelonghui November 22nd | East China Engineering Science and Technology (002140.SZ) stated on the investor interaction platform that the company is currently not engaged in the solid state battery business. The company owns patented technology for lithium carbonate production, with the invention patent "continuous production system and method for battery-grade lithium carbonate" winning the Anhui Provincial Patent Gold Award; in the "lithium" market for lithium carbonate, lithium iron phosphate, lithium hexafluorophosphate, and lithium battery electrolyte, it has a certain market share, forming engineering and operational performance. The company established the Lithium and Potassium Business Division, formed a dedicated team, professionally expanded the lithium and potassium business market to create new profit growth opportunities.
East China Engineering Science and Technology (002140.SZ): signed the EPC general contracting contracts for the integrated wind-to-hydrogen synthesis green ammonia project and hydrogen production project in Shenmu Etuoke Banner.
On November 22, Glonghui reported that east china engineering science and technology (002140.SZ) announced that the hydrogen production and integrated green ammonia synthesis project in Etoke Banner, undertaken by Sheneng, signed its EPC general contracting contract on November 22, 2024. After signing and stamping by all parties, the contract officially took effect. The total contract amount is 1.452 billion yuan, of which the EPC general contracting amount for the hydrogen production project with Sheneng Northern (Etoke Banner) Energy Co., Ltd. is 1.167 billion yuan, with a construction period until June 30, 2026, mainly undertaking the overall contracting of the hydrogen production project.
East China Engineering Science and Technology (002140.SZ): Undertaking the Zabuye lithium carbonate project operation business, with an operation fee of 1.069 billion yuan, and an operation period of 3 years.
Gelonghui November 7th. East China Engineering Science and Technology (002140.SZ) stated in investor relations that the company undertakes the operation of the Zabuye lithium carbonate project, with operating expenses totaling 1.069 billion yuan for a 3-year operation period. After the 3-year operation period expires, the relevant operation contract can be renewed depending on the situation. This is the first chemical engineering operation project undertaken by the company, and the project is currently in the debugging and commissioning phase.
Benign Growth For East China Engineering Science and Technology Co., Ltd. (SZSE:002140) Underpins Stock's 28% Plummet
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