(Yicai) Sept. 4 -- Aishida’s shares surged by their daily trading limit after the Chinese maker of cookware, kitchen appliances, and industrial robots said its subsidiary secured a major industrial robot supply deal.

Aishida [SHE: 002403] closed up 10 percent at CNY16.35 (USD2.29) a share in Shenzhen today, bringing the stock’s gain so far this year to 15 percent. The benchmark Shenzhen Component Index fell 2.8 percent.

Zhejiang Qianjiang Robot will customize 1,888 welding robots and deliver them to Shenzhen-listed Honglu Steel Construction Group, its Wenling-based parent company announced yesterday, without providing any information about the value of the contract, product technical details, or delivery schedule.

Qianjiang Robot will also continue to develop customized welding and painting robots for Honglu Steel Construction to help it improve the manufacturing efficiency and processing quality of its steel structure products, Aishida noted.

The cooperation with Honglu Steel Construction shows renewed recognition by a major customer of the performance of Qianjiang Robot’s products, especially in medium- and thick-plate welding and painting, as well as the firm’s capabilities capabilities in customized new-product research, development, production, and services, Aishida added.

Honglu Steel Construction is a leading Chinese steel structure manufacturer. Last year, it purchased CNY49 million (USD6.9 million) worth of robot products from Aishida, accounting for 18 percent of the supplier’s revenue from this business segment.

Aishida entered the industrial robotics field by acquiring a controlling stake in Qianjiang Robot in 2016. Income from its robotics business reached CNY272 million (USD38.1 million) last year, accounting for 9.3 percent of its total operating revenue.

Editor: Futura Costaglione