Jiangsu Pengfei Group Co., Ltd., a wholly-owned subsidiary of China Pengfei group, recently signed a supply contract for nickel ore rotary kiln and drying kiln with a well-known domestic metallurgical industry company for the company's overseas project site in Indonesia. Contract type and contract amount: 16 sets of 5.5m diameter nickel ore rotary kiln and drying kiln equipment manufacturing and supply, contract amount is 262 million yuan. At present, the company has received the customer's advance payment to confirm the effectiveness of the contract. 50% of the progress payment shall be paid in installments within 2.5 months after the contract comes into effect, and 40% of the payment for the goods shall be paid before delivery. The delivery period of the contract is 5.5 months after the contract comes into effect, and all the equipment shall be delivered in batches within 10 months. The delivery place of the equipment is Nantong port, Jiangsu Province. 

Impact on the company's performance: the smooth implementation of this contract will have a positive impact on the company's future business performance and provide strong support for the company to further expand its overseas diversified business.   
 Pengfei group is a large-scale manufacturer of rotary kiln and grinding equipment in China and the global market, with more than 20 years of experience in the industry. According to Frost & Sullivan report, based on the revenue in 2018, the group is the supplier of large-scale rotary kilns and related equipment in China and the world, and the second largest grinding equipment supplier, participating in the formulation of 7 national standards and 18 industry standards for rotary kilns and roller presses for cement industry. In 2017, it was recognized as the national single champion of manufacturing industry by the Ministry of industry and information technology of the people's Republic of China, and was selected as the "international famous brand that Nantong focuses on Cultivation and development in 2019-2020". Focusing on internationalization, the company has a quick report and a global footprint, and has moved to more than 50 "One belt, one road" along the route provides one-stop solutions, such as Bangladesh, Kazakhstan, Turkey and Uzbekistan.

Since the Spring Festival in 2020, the new crown epidemic has not had a substantial impact on the company's production. At present, all work has entered the normal process, and the enterprise's return to work rate reaches 100%. Since January, we have received 34.3292 million euros from Uzbekistan and 4.7244 million US dollars from Tajikistan for the progress of 3300 tons of cement production line EPC project, which provides guarantee for the smooth progress of related projects. The export performance continues to expand and shows a good development trend.


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