On September 3, Kengic Intelligent Technology Co.,Ltd. (688455.SH) announced that it has won a warehouse logistics automation project from a well-known cross-border e-commerce company in Southeast Asia, with a bid amount of approximately 100 million yuan.
The company stated that this project falls within its core business scope, and if a formal contract is signed and successfully executed, it is expected to have a positive impact on the company's operating performance during the contract period. According to the disclosure, the tenderer is a prominent Southeast Asian cross-border e-commerce firm, and due to client confidentiality requirements, the company has been exempted from disclosing specific client information in accordance with the Shanghai Stock Exchange's Science and Technology Innovation Board Listing Rules and its own Information Disclosure Deferral and Exemption System. The client has good credit standing, possesses the ability to fulfill the contract, and the performance risk is deemed controllable. There is no related-party relationship between the client and the company.
Kengic Intelligent noted that the execution of this project will not affect the independence of its business operations, nor will the company become reliant on the counterparty as a result of fulfilling this contract. The company has received the bid award notice and is currently in the process of signing a formal contract with the tenderer, though the specific timing of contract signing and performance arrangements remain uncertain. The final amount and terms of the project will be subject to the formally executed contract. There is also a risk that the contract may not be fully performed or could be terminated if unforeseen circumstances or force majeure events arise during its execution.
Public information shows that Kengic Intelligent Technology Co.,Ltd. is a high-tech enterprise founded in 2015 and headquartered in Qingdao, which was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022. The company specializes in smart logistics and intelligent manufacturing system solutions, with core businesses covering intelligent warehousing, sorting, and conveying systems, as well as the development, integration, and manufacturing of smart factories. Its product portfolio includes automated storage systems and intelligent sorting equipment. As a national-level "Little Giant" enterprise specializing in niche markets, the company's service network covers the entire country and has expanded overseas, with clients widely distributed across express logistics, e-commerce, new energy, and automotive industries. In 2025, the company launched its new digital industrial park in Qingdao, continuing to expand its smart logistics ecosystem.
According to its 2026 interim report, in the first half of the year, Kengic Intelligent Technology Co.,Ltd. reported total operating revenue of 733 million yuan, up 49.06% year-on-year; net profit attributable to shareholders of 56.5 million yuan, up 251.57% year-on-year; and non-GAAP net profit of negative 80.41 million yuan, down 93.35% year-on-year. On a quarterly basis, in the second quarter, the company's total operating revenue reached 466 million yuan, up 38.03% year-on-year; net profit attributable to shareholders was 100 million yuan, up 1524.56% year-on-year; and non-GAAP net profit was negative 34.09 million yuan, down 1419.97% year-on-year, continuing the trend of relatively weak profitability in its core operations.
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