Far East Shares: From January to October, the Order of Ten million Increased by 24.03% Year on Year

November 1, Far East Corporation (600869.SH) announced that in October 2022, the company received a total of 1.095 billion yuan of contract orders from subsidiaries winning bids or signing contracts worth more than 10 million yuan, a year-on-year increase of 9.76%. From January to October 2022, the company received contract orders of more than 10 million yuan from its subsidiaries, totaling 18.309 billion yuan, with a year-on-year growth of 24.03%.

From January to October of 2022, the accumulated contract orders of winning bids/signing contracts of more than 10 million yuan reached 16.327 billion yuan, with a year-on-year growth of 47.61%. Among them, the contract orders of winning bids/signing contracts of more than 10 million yuan in October reached 615 million yuan, with a year-on-year growth of 1.84%.

In the smart battery sector, from January to October 2022, the accumulated contract orders of winning bids/signing contracts of more than 10 million yuan reached 1.093 billion yuan, and the contract orders of winning bids/signing contracts of more than 10 million yuan reached 448 million yuan in October, with a year-on-year growth of 41.40% and a quarter-on-quarter growth of 269.01%. Among them, the value of lithium battery reached 416 million yuan, with a year-on-year growth of 44.56%. An increase of 315.60% quarter-on-quarter; Lithium copper foil was 32 million yuan, with a year-on-year growth of 10.33% and a quarter-on-quarter growth of 50.96 percent.

From January to October, the cumulative winning/signing contract orders of more than 10 million yuan in the smart Airport sector was 889 million yuan, of which the winning/signing contract orders of more than 10 million yuan in October was 32 million yuan.