Hongrun Construction announced that the company recently successfully won the bid for the Fuhai Avenue Expressway Phase I construction section II project and formally signed the relevant construction contract with the project owner. The owner of the project is Ningbo Urban Infrastructure Construction and Development Center. The project contract method is a general construction contract model, and the construction period is 960 calendar days. The scope and scale of the project is a general construction contract for road engineering, bridge engineering, pipeline engineering, public security monitoring and ancillary projects for the construction section II section. The length of section II is about 1.84 km. The contract price was 458 million yuan, accounting for 7.97% of the company's audited revenue in 2025.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.