Alto Electronics (002587) disclosed its latest developments in its contract with China Xinhua TV on Sunday (July 6).
During the period from November 12, 2012 to June 30, 2014, the company's first batch of orders from China Xinhua TV is expected to be RMB 12.25 million, including an outdoor LED display price of 11.25 million yuan and a set of advertising. The system network control platform software price is 1 million yuan.
As of June 30, the commissioning installation of the network control platform software of the advertising system has been completed and passed the acceptance test. The manufacture and installation of the LED display body is progressing. One of the LED display panels has been installed, passed the acceptance and put into use, and the remaining LED display panels will be installed after receiving the installation notice of China Xinhua TV.
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