Guangri shares won the bid of 80 million Guangzhou LED street lamp renovation project

Guangzhou Guangri Electric Equipment Co., Ltd., a wholly-owned subsidiary of Guangri Co., Ltd. (600894), recently won the third and fourth bidding sections of the streetlight energy-saving renovation service project in downtown Guangzhou. It is estimated that 20,000 solar lights will be replaced and replaced. According to the calculation of Guangri Electric, it is estimated that the total contract amount of the third and fourth tenders of the project will be approximately RMB 80 million.

The announcement of Guangri shares shows that the above-mentioned projects adopt the cooperation mode of energy-saving renovation services. The cooperation period of energy-saving renovation services is 8 years, the proportion of government-divided electricity tariffs is 20%, and the proportion of bidding units divided into electricity tariffs is 80%.

The company said that the winning bid will not have a direct impact on the company's operating results in 2013, but will have a positive impact on future operating results. This successful bid will help accelerate the development of Guangri Electric in the LED field, increase the scale of business, and further enhance the market influence of Guangri Electric's LED products.

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