Hongrun Construction has recently won the bid for the Fuhai Avenue Expressway Phase I project, specifically the Construction Section II from the South Ring Road East Extension to Hantian Line, and has formally signed a construction contract with the Ningbo Urban Infrastructure Development Center. The contract signing price is 458 million yuan, accounting for 7.97% of the company's audited operating revenue for 2025. The project adopts a general contracting model with a construction period of 960 calendar days, covering works including roads, bridges, and pipelines. The company stated that this contract is conducive to enhancing market competitiveness but will have no significant impact on its financial position for 2026 and beyond.
Hongrun Construction Group Co LtdWon a 458 million yuan construction contract for Fuhai Avenue Expressway, representing 7.97% of 2025 revenue.