Luda Technology Group Subsidiary Secures One-Year Steel Products Sales Contract with Contract Value of approximately $17.8 Million
Actual revenue from the framework agreement may be below the ~$17.8 million ceiling, since sales depend on future purchase orders and steel pricing.
Rhea-AI Summary
Luda Technology Group (LUD) announced that its subsidiary Shenzhen Mayi Supply Chain has signed a one-year steel products sales contract with Beijing Dasan Supply Chain Management. The framework agreement carries a contract ceiling value of approximately USD $17.8 million (RMB120 million), based on the August 28, 2026 exchange rate.
The contract covers rebar, wire rod and steel pipe fittings and is expected to enhance Luda Technology's steel-products trading and supply-chain capabilities in Mainland China. Shenzhen Mayi plans to manage procurement, quality control, logistics and delivery while using the company’s existing commercial and risk-management processes. Actual sales under the contract will depend on purchase orders, product mix, steel prices, availability, delivery, acceptance and payment performance.
Positive
- New one-year steel products contract with ceiling value ~$17.8 million
- Contract expected to broaden PRC steel-products offerings across multiple categories
- Framework showcases integrated procurement, quality control, logistics and delivery capabilities
Negative
- Actual revenue may be below $17.8 million as value depends on future purchase orders
- Sales volumes exposed to steel-price, supply, and working-capital risks noted by management
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 31 | pipeline supply agreement | Positive | +7.8% | RMB1.6 billion blanket agreement expanded pipeline-fitting supply for Yulong Island project |
| Jul 17 | Kazakhstan agent appointment | Positive | -0.2% | Agent appointment targeted Central Asian pipeline distribution and potential data-centre opportunities |
| Jun 18 | AI acquisition MOU | Positive | +7.4% | Proposed 55% AI data-centre acquisition included cash and share consideration |
| Jun 10 | nuclear orders | Positive | -16.3% | Nuclear-sector orders marked entry into a technically demanding new market |
| Jun 10 | data-centre exploration | Positive | -16.3% | Data-centre and AI exploration broadened strategy beyond core steel business |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Luda's selected news history showed more divergent than aligned reactions, with three divergences versus two alignments.
Key Terms
contract ceiling value financial
rebar technical
wire rod technical
working-capital risks financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Hong Kong, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Luda Technology Group Limited (NYSE American: LUD) (the “Company” or “Luda Technology”), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, announced its subsidiary, Shenzhen Mayi Supply Chain Limited (“Shenzhen Mayi”), has entered into a one-year sales contract with Beijing Dasan Supply Chain Management Company, Limited for the supply of rebar, wire rod and steel pipe fittings. The sales contract holds a contract ceiling value of approximately USD
The contract is expected to strengthen Luda Technology's steel-products trading and supply-chain capabilities and broaden the range of offerings delivered through its PRC operations. Shenzhen Mayi intends to coordinate procurement, quality control, logistics and delivery in accordance with individual order requirements while applying the Company's established commercial and risk-management processes. The contract is also expected to support customer development in Mainland China and demonstrate the Company's ability to integrate product sourcing with supply chain coordination across multiple steel product categories.
Ma Biu, Chief Executive Officer of Luda Technology, commented, "Securing this agreement is an important commercial milestone for Shenzhen Mayi and for Luda Technology's broader steel-products business. It brings together three complementary product categories and allows us to demonstrate disciplined procurement, quality control and delivery execution at scale. We will remain focused on converting the framework into profitable, collectable sales while managing steel-price, supply and working-capital risks."
Actual sales and total contract value will depend on purchase orders issued and accepted during the one-year term, the product mix and specifications requested, prevailing steel prices, product availability, delivery and acceptance, payment performance, and other contract conditions.
1 Based on August 28, 2026 Federal Reserve conversion rate of
About Luda Technology Group Limited
Luda Technology Group Limited is a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. The Company's history began with Luda Development Limited, which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. The Company also trades steel pipes, valves and other steel tubing products and serves customers in China and international markets. For more information, please visit Luda Technology's official website at www.ludahk.com.
About Shenzhen Mayi Supply Chain Limited
Shenzhen Mayi Supply Chain Limited is a subsidiary of Luda Technology Group Limited and is the contracting entity for the annual sales contract described in this release. Under the Contract, Shenzhen Mayi will supply rebar, wire rod, and steel pipe fittings in accordance with the customer's orders and the terms of this agreement.
Forward-looking statements
This press release contains statements about expectations, plans and prospects that are not historical facts and may constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "should," "will" and similar expressions, although not every forward-looking statement uses these terms. Forward-looking statements in this release include statements regarding the estimated contract value, anticipated purchase orders and deliveries, expected revenue, profitability and cash flow, the expansion of the Company's product offering and customer relationships, and Shenzhen Mayi's ability to perform the contract. These statements are subject to significant risks and uncertainties, including the possibility that actual orders may be below the estimated amount or may not be placed; changes in product specifications, steel prices, exchange rates or market demand; supplier or logistics disruptions; product-quality or delivery issues; customer acceptance, credit and collection risk; increased inventory and working-capital needs; customer or supplier concentration; contract amendment, suspension, dispute or termination; regulatory and compliance requirements in the PRC; and other risks described in the Company's filings with the U.S. Securities and Exchange Commission. Actual results may differ materially. Readers should not place undue reliance on forward-looking statements. The Company undertakes no duty to update them after the date of this release except as required by law.
Luda Technology Investor Relations
Email: ir@ludahk.com
