Aishida issued a stock trading abnormality announcement after hitting the daily limit-up for two consecutive trading days, cautioning that its embodied intelligent robot cooperation project is still in its early stage, with sales revenue generated so far at only 137,200 yuan, and that technology iteration, project implementation, and commercialisation all remain uncertain. On September 3 and September 4, Aishida hit the daily limit-up both days, with the cumulative deviation in closing price gains over the two consecutive trading days exceeding 20 percent. As of the close on September 4, the share price stood at 11.28 yuan per share, giving a total market capitalisation of 3.842 billion yuan. The company's main business covers cookware, small home appliances, and industrial robots, and its industrial robot business will not have a material impact on the company's financial position and operating results for 2026. In the first half of 2026, the company's operating revenue was 1.351 billion yuan, with cookware and small home appliance business accounting for 84.46 percent of revenue and industrial robots accounting for 12.20 percent. In addition, a wholly owned subsidiary of Aishida signed a strategic cooperation agreement with Zhiyuan Innovation, planning to start with contract manufacturing of Zhiyuan Robotics' quadruped robot dogs, with the first robot dog product expected to roll off the production line in the fourth quarter of 2026. Meanwhile, the equipment procurement agreement between its controlling subsidiary Qianjiang Robot and Honglu Steel Structure is progressing more slowly than expected. The original plan called for purchasing 1,888 units, but only 920 units have actually been purchased, representing 49 percent. However, Aishida said the amount involved in the agreement accounts for a relatively low proportion of the company's revenue in the previous year and will not have a material adverse impact.
Zhejiang Aishida Electric Co LtdCompany warns robot project early stage with minimal revenue and uncertainties, despite limit-ups.
Anhui Honglu Steel Construction Group Co Ltd