Shanghai Tunnel Engineering: Wins ¥5.01-bln-bid together with other 3 companies

NBD AI Bulletin -- Shanghai Tunnel Engineering Co., Ltd. (SH 600820, close price: 5.64 yuan) announced on September 24 that its wholly-owned subsidiary Shanghai Tunnel Engineering Co., Ltd., (Shanghai Tunnel) together with China Railway Major Bridge Engineering Group Co., Ltd., Guangdong Province Communications Planning & Design Institute Co., Ltd., and China Railway Siyuan Survey and Design Group Co., Ltd., received a bid-winning notice, which confirms that they are the bid winner of the design and construction contract of Jihua Road West Extension Line of Foshan City. 

The bid amounts to about 5.01 billion yuan, of which the construction fee is 4,969,995,686 yuan. The part, which is to be constructed by Shanghai Tunnel, worths 2,889,601,422 yuan.

According to the semi-annual report of 2020, Shanghai Tunnel Engineering Co., Ltd. mainly engages in construction, operation, design services, leasing & other business, and material sales, accounting for 90.89%, 5.12%, 2.15%, 0.67%, and 0.64% of its revenue, respectively.

Shanghai Tunnel Engineering Co., Ltd.'s chairman is Zhang Yan, male, 59 years old, undergraduate, professor-level senior engineer. The Company's general manager is Zhou Wenbo, male, 56 years old, Ph.D., professor-level senior engineer.

Tips on "Stock Trends":

1. The number of shares held by northbound investors decreased by 4.5269 million in the past 30 days, representing 0.14% of the Company's circulating shares. 

2. There was no institutional research on the Company in the past 30 days. 

(By Tan Yuhan)

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