Huaxun Group and Suning jointly expand LED energy-saving business

A few days ago, Chairman of the China Communications Group Lin Xianqi said at the interim results press conference that the five-year LED energy management contract signed with Suning is expected to be recorded in the fourth quarter of this year. The Group will fully develop LED energy-saving business in the future.

Huaxun said earlier that it expects to bring 150 million yuan of revenue to the group in the next five years, but it still needs to determine the cost and the amount of electricity saved depending on the actual number of LED lights installed. The estimated electricity saving rate is about 45% to 50%, and the gross profit margin of the project is about 30% to 40%.

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