Yuwei's subsidiary obtained a large order of 86 million yuan for Wal-Mart LED lighting products
Weiwei shares announced on the morning of June 27 that the company's wholly-owned subsidiary, Weiwei Technology (Hong Kong) Co., Ltd., recently received orders from Wal-Mart to confirm the company's new product line - LED low-voltage outdoor landscape lighting system and outdoor LED PV lighting fixtures stipulate a two-year procurement contract, which stipulates that the first batch of orders will be shipped from the fourth quarter of 2016 to the first quarter of 2017. The first batch of orders will be no less than US$13 million (ie RMB 86 million). ).
Wal-Mart is the world's largest chain retailer and is the world's largest company in terms of turnover. As of April 30, 2016, Wal-Mart operated 11,527 stores in 28 countries and 4,601 stores in Wal-Mart, USA, making it the largest retailer in the United States.
The announcement said that this is the first time the company has launched a large-scale cooperation with Wal-Mart in the United States, and it is another major business development of the company in the North American retail market. In view of the fact that the cooperation between the two parties is based on the company's newly launched product line and the retail scale and market influence of Wal-Mart in the United States, the company expects that the implementation of this procurement contract will be expected to have a positive impact on the company's performance in the next two years. It will also help the company's photovoltaic lighting business to expand in the medium and long term in the North American market.
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