Far East Battery: November Contract Orders Above USD 1.4M Surge 975.06% YoY
Categories:Date:2025-12-02
Far East Holding (600869) announced that in November 2025, the company received major contract awards from its subsidiaries, totaling USD 337.0 million (each valued above USD 1.4 million). This represents a 33.04% YoY increase and a significant 124.38% MoM rise.
From January to November, cumulative major contract awards reached USD 3.544 billion, achieving 8.09% YoY growth and setting a new historical high.
Smart Cable Network Business
• Jan–Nov major contract awards: USD 2.868 billion (+11.18% YoY)
• November: USD 235.1 million (+3.52% YoY, +93.44% MoM)
• The company continued to secure offshore cable and engineering project contracts.
Far East Battery
• Jan–Nov major contract awards: USD 359.6 million (+7.46% YoY)
• November orders surged to USD 78.0 million, marking 975.06% YoY and 356.36% MoM growth.
Smart Airport Business
• Jan–Nov major contract awards: USD 316.0 million
• November: USD 23.7 million (+26.13% YoY, +106.56% MoM)
Far East continues to demonstrate strong momentum across all core business segments, reinforcing its market competitiveness and steady growth trajectory.