STOCK TITAN

Luda Technology Group (NYSE American: LUD) signs RMB1.6B Yulong Island deal

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Luda Technology Group Limited, a Hong Kong–headquartered manufacturer and trader of stainless steel and carbon steel flanges and fittings, has signed a sales blanket agreement worth about RMB1.6 billion with Shandong Yulong Petrochemical Company, Limited. The agreement covers the supply of pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one) and follows an earlier tender the company secured for stainless steel flanges on the same project.

The company states that this new agreement demonstrates industry confidence in its products and capabilities, citing its technical expertise, track record and ability to meet stringent customer requirements. Luda Technology believes the contract will contribute to its financial performance, reinforce its role as a trusted supplier to the petrochemical and refining industries, and support its strategy of sustainable, long-term growth.

Positive

  • None.

Negative

  • None.

Filing Explained

The filing adds a lifecycle boundary to the reported RMB1.6 billion award: it is signed, but the disclosure does not establish that deliveries occurred, revenue was recognized, or cash was received, so the amount remains an agreement value rather than completed financial performance.

Contract value about RMB1.6 billion Approximate value of sales blanket agreement with Shandong Yulong Petrochemical
Operating history over 20 years Stated operation history since the business began in 2004
Hong Kong founding year 2004 Year Luda Development Limited was incorporated in Hong Kong
Manufacturing expansion year 2005 Year Luda (Taian) Industrial Company Limited was set up for manufacturing
sales blanket agreement financial
"has signed a sales blanket agreement worth about RMB1.6 billion"
Refining and Chemical Integration Project technical
"for the Yulong Island Refining and Chemical Integration Project (Phase one)"
forward-looking statements regulatory
"may constitute “forward-looking statements” within the meaning of the"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"within the meaning of the Private Securities Litigation Reform Act of 1995"

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FAQ

What contract did Luda Technology Group (LUD) announce on July 31, 2026?

Luda Technology Group announced a sales blanket agreement worth about RMB1.6 billion with Shandong Yulong Petrochemical to supply pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one), expanding its role beyond a previously secured stainless steel flanges tender.

How large is the new Luda Technology Group (LUD) agreement in monetary terms?

The agreement is described as being worth about RMB1.6 billion. It covers pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one), which the company believes will contribute to financial performance and strengthen its industry position.

Who is Luda Technology Group’s (LUD) customer for the RMB1.6 billion project?

The counterparty is Shandong Yulong Petrochemical Company, Limited. Luda Technology will supply pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one), building on an earlier win to supply stainless steel flanges to the same development.

How does Luda Technology Group (LUD) view the impact of the Yulong Island agreement?

Luda Technology believes the contract will contribute to financial performance and further strengthen its position as a trusted supplier to the petrochemical and refining industries, supporting its strategy of sustainable growth and long-term value creation for shareholders and stakeholders.

What business does Luda Technology Group (LUD) primarily operate in?

Luda Technology is primarily engaged in the manufacture and sale of stainless steel and carbon steel flanges and fittings, and in trading steel pipes, valves and other steel tubing products, serving customers across China, the Americas, Europe, Asia and Australia.

How long has Luda Technology Group (LUD) been operating?

Luda Technology reports an operation history of over 20 years. Its business began with Luda Development Limited in Hong Kong in 2004 and expanded upstream into manufacturing in 2005 with a self-owned factory in Taian City, Shandong Province, China.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 

Commission File Number: 001-42289

 

Luda Technology Group Limited

 

Rooms 1604-1605, 16/F, YF Life Centre

38 Gloucester Road, Wanchai

Hong Kong

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F          Form 40-F

 

 

 

 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

Press Release

 

On July 31, 2026, Luda Technology Group Limited (the “Company”) issued a press release, a copy of which are filed as Exhibit 99.1 hereto, and incorporated herein by reference, announcing that the Company has signed a sales blanket agreement worth about RMB1.6 billion to supply pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one).

 

Exhibit Index

 

Exhibit No.   Description
99.1   Press Release dated July 31, 2026

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Luda Technology Group Limited
     
  By: /s/ Ma Biu
  Name:  Ma Biu
  Title: Chief Executive Officer
     
Date: July 31, 2026    

 

2

Exhibit 99.1

 

 

 

Luda Technology Group Limited has signed a sales blanket agreement worth about RMB1.6 billion to supply pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one). 

 

Hong Kong, July 31, 2026 (GLOBE NEWSWIRE) -- Luda Technology Group Limited (the “Company” or “Luda Technology”) (NYSE: LUD), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, announced today that the Company has signed a sales blanket agreement worth about RMB1.6 billion with Shandong Yulong Petrochemical Company, Limited to supply pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one).

 

Regarding the Yulong Island Refining and Chemical Integration Project (Phase One), the Company had previously secured a tender for the supply of stainless steel flanges. Building on this success, the Company has now entered into a sales blanket agreement for the supply of pipeline fittings. This further demonstrates the confidence that leading industry participants place in the Company’s products and reflects customer’s trust in the Company’s capabilities to support major industrial developments. The agreement highlights the Company’s proven track record, technical expertise, and commitment to delivering high-quality products and solutions for large-scale projects. It also reaffirms the Company’s ability to meet stringent customer requirements through reliable performance, superior product quality, and operational excellence. The Company is pleased to continue supporting the Yulong Island Refining and Chemical Integration Project and contributing to the successful execution of this landmark refining and petrochemical development.

 

The Company believes that this significant contract award will not only contribute to financial performance but also further strengthen its position as a trusted supplier to the petrochemical and refining industries. The award enhances the Company’s reputation and supports its strategy of sustainable growth, while creating long-term value for shareholders and other stakeholders. Going forward, the Company remains committed to securing high-quality projects and delivering innovative, reliable solutions that meet the evolving needs of its customers.

 

Mr. Ma Biu, Chief Executive Officer of Luda Technology, commented:

 

“We are delighted to further expand our involvement in the Yulong Island Refining and Chemical Integration Project, a landmark development that represents an important milestone for Luda Technology. This agreement reflects our customer’s continued confidence in the quality of our products and our ability to deliver for large-scale, technically complex industrial projects. It reinforces our commitment to providing high-quality products, dependable execution, and exceptional service, while creating sustainable value for our customers, shareholders, and other stakeholders.”

 

 

 

About Luda Technology Group Limited

 

We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our 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. In 2005, the Company’s business expanded further upstream when Luda (Taian) Industrial Company Limited was set up to commence the manufacturing of flanges and fittings with self-owned factory in China. We have established an operation history of over 20 years. We are principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products, and (ii) trading of steel pipes, valves, and other steel tubing products. We are headquartered in Hong Kong with manufacturing base in Taian City, Shandong Province of the PRC. Our sales network comprises customers from China, South America, Australia, Europe, Asia (excluding China) and North America and our customers comprise manufacturers and traders from the chemical, petrochemical, maritime and manufacturing industries. For more information, please visit https://www.ludahk.com/en.

 

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. 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. 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 Luda Technology Group Limited 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.

 

For more information, please contact:

 

Luda Technology Group Limited

 

Rooms 1604-1605, 16/F, YF Life Centre

38 Gloucester Road, Wanchai

Hong Kong

Email: ir@ludahk.com

Phone: +852 2994 8774

 

 

Filing Exhibits & Attachments

1 document