Lanshi heavy loading Inner Mongolia Baofeng signed a large order of coal chemical equipment

On December 28, 2022, Lanshi Heavy Equipment announced that the company recently signed a number of contracts related to the green hydrogen and coal chemical coupling carbon emission reduction innovation demonstration project with Inner Mongolia Baofeng Coal-based New Materials Co.
, Ltd.
, involving a total amount of 612 million yuan
.
The equipment delivery date will be completed
by the end of 2023.

According to the announcement, this time for the Inner Mongolia Baofeng Innovation Demonstration Project to provide equipment solutions for the coal-to-olefin, methanol synthesis process, belongs to the practical application of new coal chemical technology and equipment in new energy coupling traditional energy projects, the device can effectively reduce energy consumption, high-quality service in the field of clean circular economy and efficient utilization of
coal.
The fulfillment of these contracts is expected to have a positive impact
on Lanshi Heavy Equipment's 2023 results.

It is reported that Lanshi Heavy Equipment is mainly engaged in traditional energy and chemical industry, new energy, industrial intelligence, energy conservation and environmental protection equipment
.
In the first three quarters of 2022, the company achieved a total revenue of 3.
066 billion yuan and a net profit of 145 million yuan, a year-on-year increase of 12.
05% and 47.
73%
respectively.
According to the regular report, as of the end of the third quarter of 2022, the company had new orders of 5.
257 billion yuan, a year-on-year increase of 71.
14%, of which orders in the fields of traditional energy and chemical industry, industrial intelligence and energy-saving and environmental protection equipment totaled 3.
538 billion yuan, a year-on-year increase of 15.
17%; Orders in the field of new energy equipment such as photovoltaic polysilicon and nuclear energy were 1.
719 billion yuan, a year-on-year increase of 105.
38%.