September 5 -- Jiangsu Zhongchao Cable (002471) announced on September 4 that it won two major contracts worth a total of 132 million yuan, equivalent to 10.52 percent of 2010 revenue, reports China Business News, citing a company filing.

Zhongchao Cable signed a 90 million yuan contract with Sinoma International Engineering's (600970) Suzhou Sinoma Engineering on September 1.

Suzhou Sinoma Engineering will pay 60 percent of the contracted amount to Zhongchao Cable one week after the signing of the contract as prepayment.

In addition, Zhongchao Cable signed a contract with Jiangsu Guangxia Real Estate Development to supply 42 million yuan worth of cables to Guangxia Real Estate Development, which is a local real estate developer in Yixing, Jiangsu province. Zhongchao Cable has received prepayments of 30 millon yuan.