Waste batteries are pooled for recycling at Tianying technology park in Jieshou, east China's Anhui Province, July 15, 2021.(Xinhua/Liu Junxi)
BEIJING, Dec. 20 (Xinhua) -- Jinan Niutech Environment Technology Corporation announced Monday the company recently signed a product sales contract with a European customer, with total contract amount standing at 348 million yuan, reported China Securities Journal.
According to the contract, Niutech will provide the customer with a 160,000-tonne of industrial continuous waste tyre and waste plastic cracking line annually.
Niutech said that if the above contract is successfully performed, it is expected to have a positive impact on the company's operating results in 2023 and subsequent years, as well as enhance the company's continuous operation ability and brand influence on exploring overseas markets.
Since the beginning of this year, the company has seen domestic and foreign orders being promoted smoothly. In the third quarter, the company signed new sales with customers from Europe and South Korea, with contract value hitting around 22.57 million U.S. dollars.
Besides, the company's financial report shows that in the first three quarters, the company invested a total of 7.2981 million yuan in research and development, a year-on-year increase of 21.05 percent, and during the period, a total of 1 utility model patent, 4 domestic invention patents and 8 foreign invention patents have been authorized to the company.
(Edited by Bao Nuomin with Xinhua Silk Road, baonuomin@xinhua.org)
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