Zhitong Finance App News, Hangxiao Steel (600477.SH) announced that recently, the company and DANGOTE PETROLEUM REFINERY AND PETROCHEMICALS FREE ZONEENTERPRISE (DANGOTE PETROLEUM REFINERY AND PETROCHEMICALS FREE ZONEENTERPRISE) signed a DEP project procurement contract (design, manufacturing and supply business). The contract amount is approximately US$166 million (equivalent to about RMB 1,128 million), accounting for 15.87% of the company's most recent audited revenue. The target amount of the project contract is large, and the formal entry into force and smooth execution of the contract will have a certain impact on the company's future performance.

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