Shanghai Sinotec (SHA:603121) expects to earn over 100 million yuan from a five-year sensor supply project, according to a Shanghai bourse filing on Thursday.
The Chinese key turbocharger producer received an order to supply sensors to a domestic new energy vehicle manufacturer.
The company is expected to begin the production of the sensors in 2026, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.