Gelonghui, May 8 | Jiacheng International (603535.SH) announced that it recently received two “Notice of Winning Bid” from Xiyin Company's wholly-owned subsidiary (collectively known as “Party A”). The company will provide Party A with warehousing and distribution services at logistics centers such as Foshan, Zhaoqing, and Heshan in Guangdong Province.
For the third-party logistics service that the company won the bid for, the company provided warehouses, was responsible for Party A's cross-border e-commerce logistics service projects in Foshan City, Zhaoqing City and Heshan City in Guangdong Province, and signed related service contracts with Party A. This service contract includes, but is not limited to, warehousing (receipt points of goods, listing, return, warehouse handling, reverse reception, abnormal handling, operation management, etc.), transportation (loading and unloading trucks, cargo transportation, etc.) and other related services. Party B provides Party A with a logistics center of about 130,000 square meters, with an estimated business volume of about 1.6 million units/day of integrated warehousing and distribution services. The package was eventually shipped by air to overseas markets such as Europe and the US. The target of the service is all of Party A's existing products, mainly fast fashion, beauty, etc. Based on the full fiscal year, the contract's annual revenue is estimated to be about 300 million yuan, exceeding more than 10% of the company's total audited revenue in 2023.