The advance of Hangzhou Gears was announced on November 16, 2010. On November 12th, the company signed a "2.0MW wind turbine gearbox sales contract" with a wind power company and sold the wind turbine gearbox to the company. The total contract amount was 392 million yuan. . The performance period is from November 12, 2010 to December 31, 2011.
The company said that the contract does not have a significant impact on the company's total assets, net assets, and net profit, but it will have a certain impact on sales revenue and net profit for 2011.
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