On June 16, 2026, Sichuan Zigong Transportation Machinery Group Co., Ltd. (securities abbreviation: Yunji Group) issued an announcement on the progress of signing the contract for the winning project.
The announcement shows that Yunji Group has officially signed the “Business and Installation Contract for the Belt Conveyor System (First Batch) of the Phase I Open-pit Mining Project” with Sichuan Vanadium and Titanium Industry Investment and Development Co., Ltd., with a contract value of up to 308 million yuan (tax included).
It is reported that Yunji Group disclosed the bid winning notice on May 8, 2026, and was confirmed to be the winning bidder for the belt conveyor system (first batch) of the equipment procurement phase of the first phase of the open-pit mining project of the Honggenan Vanadium Titanium Magnetite Development and Utilization Project (20 million tons/year mining and tailing project) of Sichuan Vanadium and Titanium Industry Investment and Development Co., Ltd.
Recently, both parties successfully completed the signing of the contract.
The following is a detailed introduction to the main contents of this contract:
| Project | Specific contents |
|---|---|
| Contract signing party | Buyer: Sichuan Vanadium and Titanium Industry Investment Development Co., Ltd.; Seller: Sichuan Zigong Transport Machinery Group Co., Ltd. |
| Contract amount | RMB 307,742,602.00 (tax included) |
| Supply and service scope | Detailed design, equipment supply, centralized control, manufacturing, installation and adjustment of 14 sets of belt conveyor systems Testing and technical services, etc. |
| Delivery period | Process supply and debugging according to the performance node agreed in the contract and notify acceptance after completing performance debugging |
| Payment method | The buyer pays in progress according to the terms of the contract |
| Both parties shall not terminate the contract at will, and the breaching party shall bear corresponding responsibilities according to the contract | |
| Conditions for the contract to be effective | It will take effect on the date when the legal representatives or authorized agents of both parties sign and stamp the official seal (or contract seal) |
Yunji Group stated that this project is the company’s main business, and the signing of the contract fully demonstrates the company’s strong competitiveness in the domestic market.
If the contract can be successfully performed, it will help further enhance the company’s influence in the field of conveying machinery and equipment, consolidate and expand existing market share, and enhance industry competitiveness and brand status.
In terms of financial impact, the announcement pointed out that the signing of this contract is expected to have a positive impact on the company’s future financial status and operating results.
However, the specific situation will be confirmed based on the performance of the contract and relevant regulations of corporate accounting standards and company accounting policies.
At the same time, the signing of this contract will have no significant impact on the company’s business independence, and its main business will not become dependent on the counterparty for the performance of the contract.
According to relevant regulations, this contract is the company’s daily operating contract and does not need to be submitted to the board of directors or shareholders’ meeting for review and approval.
It should be noted that although the contract has been formally signed and taken effect, and clearly stipulates the scope of supply, delivery period, liability for breach of contract, dispute resolution, etc., there may still be risks during the performance period of significant changes in laws and regulations, industry policies, market environment and other factors that will affect the performance of the contract.
Here, investors are reminded to invest rationally.
