On December 29, 2021, China's leading precision die casting manufacturer SDFG Precision Manufacturing Corporation issued an announcement stating that the company has signed a strategic cooperation contract with Edwards Limited, a subsidiary of the world's top 500 Atlas Copco Group.
The company and Edwards (Edwards Vacuum Pump Manufacturing Co., Ltd.) signed a ten-year "Semiconductor Vacuum Pump Core Components Strategic Cooperation Purchase Master Agreement" and "Exclusive Supply Contract".
According to the company's introduction, this is a new cooperation project carried out after the company and Edwards signed a ten-year "Master Purchase Agreement" and "Exclusive Supply Contract" in 2018.
Edwards is a brand company under the Atlas Copco Group, a Fortune 500 company. It is the world's leading manufacturer of semiconductor vacuum products and control systems. It was established in the United Kingdom in 1919. It is a world-leading high-tech company headquartered in UK. Edwards vacuum pump products are widely used in the production lines of semiconductors, aviation and other fields, especially the production of chips, and they are an irreplaceable supplier of vacuum pump products. The main customers include Inter, Samsung and other well-known chip and related semiconductor industry leaders at home and abroad.
Quite strangely, the company's stock price surged in volume before the above-mentioned positive announcements were released. On December 28, the company's stock price surged 15.78% in heavy volume, exceeding 96% of the Beijing Stock Exchange. After the announcement of the signing of a major contract on the evening of December 28, the stock price failed to continue its upward trend. It fell rapidly within 6 minutes of the opening on December 29, and finally closed down 2.75%.
SDFG is a precision parts manufacturer with precision machining and die-casting manufacturing as its core business. Its main business is R&D, production and sales of metal parts such as precision machined parts and die-casting parts, as well as metal parts processing.