Donghong Shares secures multi-site pipeline orders from Wanhua; 180 million yuan project enters pre-winning bid stage

On July 16, Shandong Donghong Pipe Industry Co., Ltd. (603856, Donghong Shares) released an announcement regarding pre-winning projects. The company participated in the bidding for Wanhua Chemical Group Materials Co., Ltd.'s 2026 framework project for ordinary and anti-corrosion spiral welded pipes and successfully made the list of winning candidates for all four sections, with an estimated total winning amount of 180 million yuan.

The four pre-winning sections cover multiple of Wanhua's production bases nationwide, specifically the Shandong region, Ningbo region, Fujian region, and the joint region of Anhui Huiyang/Tongling, Hubei Yichang, and Henan Pingdingshan. The bidding entity is Wanhua Chemical Group Materials Co., Ltd., and the public notice of winning candidates was released on July 14 on the Wanhua Electronic Bidding and Trading Network (https://ebidding.whchem.com).

The company stated that this pre-win is a significant breakthrough in its deep cultivation of the chemical supporting pipeline field, fully affirming Wanhua Chemical's recognition of the company's product technology, comprehensive production capacity, and brand strength. It is conducive to further expanding the supporting market for chemical parks and promoting the steady growth of business scale. If the company subsequently successfully obtains the winning bid notification, signs the formal contract, and completes the supply and performance, it will have a positive impact on the company's current and medium-to-long-term operating performance; this cooperation is merely a routine framework procurement business, and fulfilling the contract will not cause single-customer dependency, ensuring the independence of the company's operations.

At the same time, the company highlighted relevant investment risks: the current project is only at the stage of candidate announcement, and whether it will officially win the bid and sign the contract remains uncertain; the actual settlement amount of the project is subject to the final signed contract, and there is a possibility that the actual order size will be lower than the estimated amount. The company will continue to follow up on the project progress, disclose subsequent developments in a timely manner according to regulatory requirements, and remind investors to pay rational attention to relevant risks.