Eastern International Ltd. Won the Bid for Its First Wind Power Construction Project Worth RMB 91.52 Million (Approx. USD 13.02 Million), Officially Marking Its Entry into the Wind Power Construction Sector
Rhea-AI Summary
Eastern International (NASDAQ: ELOG) announced that its wholly owned subsidiary Guizhou Tianrun Zhicheng won two construction bids for the Hongze 62.5 MW Wind Farm Project with a combined contract price of RMB 91.52 million (≈USD 13.02 million) on Jan 26, 2026. The awards cover (1) roadworks, lifting platform construction and land reclamation for RMB 79.52 million and (2) substation civil construction works for RMB 12.00 million.
This transaction marks the company's first wind power construction project and its formal entry into the wind power construction and new energy infrastructure sector; management said the company will emphasize quality, safety, schedule control and hopes the projects will open new growth opportunities in green energy infrastructure.
Positive
- Awarded construction contracts totaling RMB 91.52 million
- Scope covers both civil works and substation construction
- Marks the company's official entry into wind power construction
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
ELOG gained 7.41% while peers were mixed: JYD +4.13%, CJMB +1.02%, HXHX +0.76%, but LSH and PSIG declined, pointing to a stock-specific move tied to this contract win.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 14 | Offshore wind progress | Positive | +3.4% | Completion of two offshore wind projects and added Yangjiang logistics contract. |
| Dec 24 | Photovoltaic project win | Positive | +16.2% | First photovoltaic construction subcontract for Hebei Laiyuan 300 MW project. |
| Nov 04 | Offshore logistics revenue | Positive | -1.2% | Reported >RMB 45M revenue from offshore wind logistics and Yangjiang launch. |
| Oct 27 | Construction acquisition | Positive | +4.0% | Acquisition of Guizhou Minji adding power engineering qualifications. |
| Aug 29 | IPO completion | Positive | +0.0% | Closed $6.4M IPO at $4.00 per share and Nasdaq listing. |
Positive new-energy and logistics announcements have often coincided with favorable price reactions, though there is at least one divergence.
Over recent months, Eastern International has repeatedly expanded in renewable-related logistics and construction. On Aug 29, 2025 it completed a $6.4M IPO. It then acquired Guizhou Minji on Oct 27, 2025 to add power engineering capabilities, followed by offshore wind logistics revenue updates exceeding RMB 45M and completion of major offshore projects with >1.6 million kW installed capacity. In December it secured a first photovoltaic construction contract for RMB 42.5M. Today’s wind farm construction win extends that new‑energy construction trajectory.
Market Pulse Summary
This announcement highlights Eastern International’s first major wind power construction project: two Hongze 62.5 MW wind farm packages totaling RMB 91.52 million. It extends a recent pivot toward new energy, following offshore wind logistics and photovoltaic construction wins. Investors may watch how effectively the company executes these civil and roadworks contracts, how margins compare with prior logistics revenue, and whether additional wind or solar construction deals build on this initial foothold.
AI-generated analysis. Not financial advice.
The two awarded projects are as follows: (1) Roadworks, lifting platform construction, and land reclamation for the 62.5 MW Wind Farm Project with an award price of
Mr. Lin Tan, Chief Operating Officer of Eastern International Ltd., commented, "These successful bids and the achievement of the first breakthrough in the wind power construction sector are crucial strategic move for the Company. Eastern International will adhere to the high standards for this 'first wind power construction project' and plan and manage the construction scientifically to ensure comprehensive control over project quality, safety, and schedule. The Company is fully committed to delivering a high-quality project for our clients and establishing a strong reputation in the wind power construction field. These projects will also open new growth opportunities for the Company in the new energy infrastructure construction sector, enable the Company to further participate in the national green energy system development and advance the implementation of sustainable development of the economy."
About Eastern International Ltd.
Eastern International Ltd. (NASDAQ: ELOG) is a holding company incorporated in the
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 contracts did Eastern International (ELOG) win for the Hongze 62.5 MW Wind Farm on Jan 26, 2026?
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