Alto Electronics won the first batch of CNC LED display orders totaling 12.25 million yuan

On November 12, 2012, Alto Electronics signed the “Outdoor LED Full Color Screen and Advertising Distribution System Customization Contract” (hereinafter referred to as “Contract”) with “China Xinhua TV” (CNC). China Xinhua TV is committed to purchasing 200 outdoor LED full color screens from the company. The area of ​​each display screen is based on the size determined by the site design and installation, and the unit price is 15,000 yuan/m2.

China Xinhua TV promised that the purchase period of 200 full-color screens will be 12 months, that is, China Xinhua TV will try its best to issue 200 screen purchase orders to the company within 12 months from the date of signing this contract. The unit price for each display includes installation fees, shipping charges, custodial fees, insurance premiums, and all taxes that the company should pay for. The cost of the network control platform software is 1.0 million yuan. The payment for this contract shall be paid by installment payment, and the payment shall be completed upon expiration of the three-year warranty period from the date of acceptance of the product required by the contract.

During the period from November 12, 2012 to December 31, 2012, the contract was performed normally. During the above period, the company received the first batch of orders from China Xinhua TV, the total amount is estimated to be 12.25 million yuan, including the outdoor LED display price of 11.25 million yuan and a set of advertising system network control platform software price of 1.0 million yuan. According to the contract, China Xinhua TV needs to pay a prepayment of 3.775 million yuan to the company. The company received the advance payment on December 28, 2012. Currently, the order is in progress.

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