Far East Holdings: In September, Orders of 10 Million yuan Increased by Nearly 230% Year on Year, Achieving a Breakthrough in Energy Storage Business
On October 8, Far East Holdings (600869.SH) announced that from September 1, 2021 to September 30, 2021, the company received a total of 1.842 billion yuan of contract orders of more than 10 million yuan from its subsidiaries, with a year-on-year growth of 229.42% and a sequential growth of 61.21%. From January to September of 2021, the company received 13.764 billion yuan of contract orders over 10 million yuan from subsidiaries, with a year-on-year increase of 217.36%.
Smart Cable network in September won or signed contracts of more than 10 million yuan to 1.418 billion yuan, up 456.83% year on year, among which won baihetan-Zhejiang UHV project 288 million yuan; From January to September, the cumulative winning or signing of contracts over 10 million yuan was 10.457 billion yuan, with a year-on-year growth of 202.54%.
Smart battery sector in September won or signed contract orders of more than 10 million yuan was 211 million yuan, up 213.98% year on year, among which household energy storage signed orders of 43.362,000 yuan; From January to September, the accumulative winning or signing contract orders of more than 10 million yuan reached 1.643 billion yuan, up 1223% year on year, including 1.318 billion yuan for lithium battery, up 961.81% year on year, and 324 million yuan for lithium copper foil.
In addition, the smart airport sector won or signed contracts of more than 10 million yuan in September, totaling 213 million yuan; From January to September, the accumulative winning or signing contract orders of more than 10 million yuan was 1.664 billion yuan, up 119.99% year on year.
