(Yicai Global) May 4 -- Shares in Lucky Harvest surged by the exchange-imposed limit today after the Chinese supplier for precision stamping dies and metal structural parts said it has signed as much as CNY15.1 billion (USD2.2 billion) worth of intended orders with customers in the new energy sectors since the beginning of the year.

Lucky Harvest’s share price [SHE:002965] was trading up 10 percent at CNY49 (USD7.10) as of 1 p.m. China time today.

Lucky Harvest has signed letters of intents worth between CNY14.9 billion and CNY15.1 billion with clients in the new energy vehicle, battery, energy storage, photovoltaic inverters and communication equipment sectors between January and April, the company said yesterday. The projects involved will last between one and seven years.

The names of the clients, the type of product, the procurement volume and other details were not revealed due to confidentiality agreements signed with the customers, the Dongguan, southern Guangdong province-based firm added.

The deals are proof of Lucky Harvest’s achievements in new energy fields and the recognition it has earned among companies for its R&D, technology and production capabilities, it said.

Lucky Harvest earned CNY4.3 billion (USD623.1 million) in revenue last year, about 60 percent of which came from NEV manufacturers, according to its 2022 annual report published on April 24.

Editor: Kim Taylor