Eastern International Ltd. Entered into Contract for its First Photovoltaic Power Generation Construction Project With a Total Contract Price of RMB 42.5 Million (approximately US$ 6.04 million)

Rhea-AI Summary

Eastern International (NASDAQ: ELOG) announced that its wholly owned subsidiary Guizhou Tianrun Zhicheng Construction Engineering entered into a construction contract to serve as subcontractor for Phase I (50 MW) of the Hebei Laiyuan 300 MW Centralized Photovoltaic Power Generation Project.

The total contract price for Phase I is RMB 42.5 million (approx. US$ 6.04 million). Guizhou Tianrun will handle foundation works, mounting structure and module installation, module string wiring, combiner box installation and supply of certain auxiliary materials. Construction is scheduled to commence before December 31, 2025. The company described this as its first photovoltaic power generation construction project and a step into the new energy sector.

Positive

• Contract value RMB 42.5 million (~US$6.04M)
• Project scope Phase I 50 MW of 300 MW centralized project
• Start timing Construction to commence before December 31, 2025
• Scope of work Includes foundation, mounting, module and wiring installation

Negative

• Subcontractor role Engagement is as a subcontractor, not project owner
• Limited disclosed financial impact Company did not disclose revenues, margins, or guidance tied to the contract

Key Figures

PV project contract value RMB 42.5 million Total contract price for Phase I – 50 MW project

PV project contract value (USD) US$ 6.04 million Approximate value of Phase I contract

Centralized PV project capacity 300 MW Total capacity of Hebei Laiyuan centralized photovoltaic project

Phase I capacity 50 MW Capacity of Phase I for which ELOG’s subsidiary is subcontractor

Construction start deadline Before December 31, 2025 Scheduled commencement for construction of Phase I project

Market Reality Check

$1.42 Last Close

Volume Volume 36,092 is 1.94x the 20-day average of 18,589, indicating elevated trading activity before this news. high

Technical Price 1.42 is trading below the 200-day MA of 2.27, reflecting a weak pre-news trend.

Peers on Argus 1 Down

Before this news, ELOG was down 11.25% while peers showed mixed moves: JYD (-0.75%), CJMB (-2.86%), HXHX (+33.85%), LSH (+9.07%), PSIG (+1.19%). Momentum scanner only flagged HXHX moving down, suggesting ELOG’s action was stock-specific rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 04	Offshore wind logistics	Positive	-1.2%	Disclosed >RMB 45M revenue from offshore wind logistics and Yangjiang project launch.
Oct 27	Strategic acquisition	Positive	+4.0%	Acquired Guizhou Minji to enter power engineering and new-energy construction services.
Aug 29	IPO/offering	Neutral	+0.0%	Closed $6.4M IPO at $4.00 per share and began Nasdaq trading.

Pattern Detected

Recent positive operational updates and the IPO saw modest or negative next-day moves, indicating a tendency for the stock to underreact or diverge from upbeat news.

Recent Company History

Over recent months, Eastern International transitioned from its $6.4 million IPO in August 2025 toward expanding in power and new energy logistics. The October 27, 2025 acquisition of Guizhou Minji added power engineering qualifications, enabling power generation and transmission projects. On November 4, 2025, the company highlighted >RMB 45 million in revenue from offshore wind logistics. Today’s photovoltaic construction contract continues this pivot into clean energy-related projects, building on the earlier wind and power-engineering initiatives.

Market Pulse Summary

The stock is surging +16.2% following this news. A strong positive reaction aligns with Eastern International’s ongoing shift toward clean energy-related projects. The new contract for a 50 MW phase within a 300 MW photovoltaic project adds to prior offshore wind and power engineering milestones. However, the stock traded well below its 200-day MA of 2.27 beforehand, so investors might watch whether enthusiasm fades as initial momentum normalizes against this weaker pre-news trend.

Jargon Translator

photovoltaic

Photovoltaic describes the technology that converts sunlight directly into electricity using panels made of semiconductor materials; think of it like leaves turning sunlight into usable energy for a plant, but producing power for homes, factories and the grid. It matters to investors because photovoltaic systems represent assets, revenue sources, cost structures and regulatory exposure for energy and manufacturing companies, and their adoption rates and efficiency gains affect long-term profitability and market demand.

AI-generated analysis. Not financial advice.

HANGZHOU, China, Dec. 24, 2025 /PRNewswire/ -- Eastern International Ltd. ("Eastern International" or the "Company") (NASDAQ: ELOG), a provider of domestic and cross-border professional logistic services including project logistic and general logistic for Company clients, today announced that its wholly-owned subsidiary, Guizhou Tianrun Zhicheng Construction Engineering Co., Ltd. ("Guizhou Tianrun"), has entered into a construction contract (the "Contract") with Weifang Branch of CSCEC Southwest Architecture & Design Institute (Shandong) Design Consulting Co., Ltd. for its Hebei Laiyuan 300 MW Centralized Photovoltaic Power Generation Project.

Pursuant to the Contract, Guizhou Tianrun will act as a subcontractor and be responsible for the construction of Phase I - 50 MW (the "Project") of the Centralized Photovoltaic Power Generation Project, with a total contract price of RMB 42.5 million (approximately US$ 6.04 million). Guizhou Tianrun will be responsible for the foundation works, photovoltaic mounting structure installation, photovoltaic module installation, module string wiring, installation and wiring of photovoltaic combiner boxes and supply of certain auxiliary materials. The Project is scheduled to commence for construction before December 31, 2025.

Mr. Lin Tan, Chief Operating Officer of Eastern International Ltd. commented, "The commencement of the construction of the Company's first photovoltaic power generation project marks the substantive progress of our business expansion in the new energy sector. Through our professional engineering and construction team, the Company will continue to actively participate in large-scale clean energy projects and their constructions, to provide high-quality and on-time delivery and support the green transformation of regional energy structure. With this new development, we believe the Company has entered a broader stage of new business."

About Eastern International Ltd. 

Eastern International Ltd. (NASDAQ: ELOG) is a holding company incorporated in the Cayman Islands. The Company, through Suzhou TC-Link Logistics Co., Ltd. ("Suzhou TC-Link") and Hangzhou TC-Link Logistics Supply Chain Management Co., Ltd., both wholly owned subsidiaries of the Company, provide domestic and cross-border professional logistic services including project logistic and general logistic for Company clients. Suzhou TC-Link was established on January 9, 2006, in Jiangsu Province, China. Suzhou TC-Link has obtained the internationally recognized IS09001 certificate of high-quality service (2015 standard). Eastern International has 7 wholly owned subsidiaries and 5 warehouses/logistic centers and 3 branch offices in China which operating network covers key cities in mainland China, Hong Kong, Southeast Asia and Central Asia. For more information, please visit https://www.elogint.com

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the final prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Eastern International specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. 

Contacts: 

Eastern International Ltd.
Mr. Lin Tan
Tel: +86 0571-82356096
Email: ir@elogint.com

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SOURCE Eastern International Ltd.

FAQ

What did Eastern International (ELOG) announce on December 24, 2025?

Eastern International said its subsidiary signed a contract to act as subcontractor for Phase I (50 MW) of the Hebei Laiyuan 300 MW photovoltaic project with a contract price of RMB 42.5 million (≈US$6.04M).

How much is the ELOG contract for the Hebei Laiyuan 50 MW Phase I?

The contract price for Phase I is RMB 42.5 million, approximately US$ 6.04 million.

When will construction for the ELOG-backed photovoltaic Project start?

The company said construction is scheduled to commence before December 31, 2025.

What work will Guizhou Tianrun perform under the ELOG contract?

Guizhou Tianrun will perform foundation works, photovoltaic mounting structure and module installation, module string wiring, combiner box installation and supply certain auxiliary materials.

Does this contract mean Eastern International entered the new energy sector?

Yes; the company described this as its first photovoltaic power generation construction project and part of its business expansion into new energy.

Will Eastern International disclose revenue or margin impact from the RMB 42.5M contract?

The announcement did not disclose any revenue, margin or guidance figures tied to the contract.