August 11 -- Hangzhou Boiler Group (002534.SZ) signed a 457 million-yuan contract to sell two 900MW waste heat boilers to Tianjin Chentang Thermal Power yesterday, reports Securities Times. The contract value amounts to 13.82 percent of Hangzhou Boiler’s total revenue in 2010.

The contract will not affect its 2011 earnings but is expected to contribute a significant amount to 2012 earnings. It will also help expand the group’s market share.

Source:capitalvue