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FINWIRES

Arcplus' Newly Signed Contract Value Slides 22% in H1

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Arcplus' (SHA:600629) value of newly signed contracts fell nearly 22% year over year to 2.80 billion yuan in the first half, according to a Wednesday filing with the Shanghai bourse.

The value of engineering design contracts rose 3.5% year over year to 1.52 billion yuan.

Engineering and technical design services value slid 27% to 368.9 million yuan, while that of engineering contracting contracts fell 46% to 781.7 million yuan, and engineering survey contracts declined 17% to 136.2 million yuan.

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