(Yicai Global) Oct. 9 -- Guangzhou Haige Communications Group Inc. [SHE:002465] will provide communication stations, Beidou navigation and ancillary equipment, communication system engineering construction and other services to 'Special Institutional Users.'
The company has recently signed extraordinary order contracts with these special clients for a total deal value of about CNY110 million, (USD17 million) with the supply period running from this year to next, the major wireless communications and Beidou navigation equipment supplier in China announced Oct. 8.
After having undergone the necessary approval procedures, the company is now barred from disclosing the specific circumstances of the sales object, the former said.
Haige Communications occupies a leading position in Beidou navigation related to the special institutions market, and has formed a chip → module → antenna → machine → system and the research and development and service capability for the industrial chain product, so the industrial advantage is clear, per the company's statement.
With the gradual completion of the reform of the national military system, the procurement activities of the company's special departments have started, and it can be expected that the listed company will have greater potential for tapping into the special institutional market in the coming years, it said.