Baiwei Storage: Signed a $1.5 billion procurement contract with a certain storage manufacturer

2026-03-26 05:51:22

People’s Financial News, March 24 — Beiwei Storage (688525) announced on March 24 that the company has signed a routine operational procurement contract with a certain storage manufacturer (referred to as “the supplier”). The company agrees to purchase a certain type of storage wafer from the supplier according to the quantities, prices, and schedule specified in the contract. The total committed purchase amount is $1.5 billion, which exceeds 50% of the company’s audited revenue and total assets for the most recent fiscal year. The commitment period for procurement is 24 months in total. If the contract is successfully executed, it will help strengthen the stability of the company’s medium- to long-term storage wafer supply and reduce the impact of storage wafer price fluctuations on costs.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.