Shengtak New Material (SHE:300881) secured a 217-million-yuan bid to supply high-grade stainless steel pipes for thermal power plants in Baoshan, Yangxi, and Nanyang.
The contract with Shanghai Boiler Works represents 8.2% of the company's 2024 revenue, according to a Friday filing with the Shenzhen bourse.
Shares of the seamless steel tube producer closed 6% lower Friday.
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