Harbin Boshi Automation secures major service contract

Harbin Boshi Automation (SZSE:002698) announced that it has secured a major contract with China National Petroleum Corporation (CNPC) Guangxi Petrochemical Branch for "Solid Product Packaging Line Maintenance Business Outsourcing Service Contract." The contract value is tentatively set at CNY 10,914.80 million. The agreement spans a three-year service period, estimating an average annual contract value of CNY 3,638.27 million. The contract, effective upon signature and sealing by both parties, is expected to positively impact the company's operating performance, accounting for 1.18% of the company's revenue in 2024 and 4.39% of the company's 2024 industrial service revenue.