Zhitong Finance App News, Jinpan Technology (688676.SH) issued an announcement. Recently, the company signed multiple contracts with overseas customer E, one of the main EPC partners, to supply various types of transformers. Based on the exchange rate of 1 US dollar to RMB 7.1025 announced by the Foreign Exchange Center of the People's Bank of China on April 17, 2024, the cumulative contract amount is equivalent to about RMB 739 million.
The signing of this overseas project contract further reflects the brand competitiveness of the company's products in the global market, which is conducive to the long-term stability of the company's business performance and will have a positive impact on increasing the company's market influence. If the contract is successfully executed, it is expected to have a positive impact on the company's future business performance and help enhance the company's continued profitability.