Hongli Optoelectronics: Zhuhai 30,000 LED street light project to be accepted

On October 25, Hongli Optoelectronics said that Zhuhai's 30,000 LED street light project has applied for acceptance and is in the process of waiting for acceptance.

Hongli Optoelectronics announced on November 28, 2012 that it has won the bid for the renovation and installation of 30,000 LED street lights for public green lighting in Zhuhai (second bidding section). The winning bid is 42.393 million. The construction unit is Zhuhai Chengjian Energy Saving Technology Co., Ltd. .

The person in charge of the securities department of the company said to the agency: "If the verification is completed, the contract will be collected according to the contract. The payment method is 5% of the total contract price and 5% every three months during the 5-year warranty period. The remaining 5% is expired after the warranty expires. Pay within the next 15 days."

According to industry insiders, in the past two years, everyone will consider not installing LED street lights. Nowadays, LED lights are popular in China, which may affect the company's cash flow due to the long return period.

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