KENGIC(SH:688455) Zheng Quan Shi Bao Wang·2025-12-28 11:16Core Insights - The strategic partnership between KJ Intelligent (科捷智能) and Star Motion Era Technology (星动纪元) marks a significant step in the integration of humanoid robotics technology with the smart logistics industry, driven by "technological breakthroughs + scenario empowerment" [1][3] - KJ Intelligent has shown strong financial performance, with a revenue of 752 million yuan in the first three quarters of 2025, representing a year-on-year growth of 14.31%, and a remarkable 47.08% increase in Q3 alone [1] - The order backlog for KJ Intelligent reached 4.291 billion yuan by the end of Q3, a substantial year-on-year increase of 70.34%, with smart logistics orders amounting to 2.488 billion yuan, reflecting a 122.42% growth [1] Company Performance - KJ Intelligent's overseas business has expanded to over 20 countries, including South Korea, Southeast Asia, Poland, UAE, UK, and Singapore, with an overseas order backlog of 2.071 billion yuan, up 73.81% year-on-year [2] - The company invested 79.87 million yuan in R&D in the first three quarters, accounting for 10.61% of its revenue, which supports the integration of humanoid robotics technology [2] Partnership Focus - The collaboration will focus on three key areas: smart logistics, smart factories, and new energy, emphasizing scenario-based commercial applications, core technology development, system integration, and joint sales [3] - The partnership aims to create industry-leading solutions through shared laboratories, high-level visits, regular meetings, team exchanges, and joint R&D efforts, driving technological upgrades and innovative models in the industry [3] Industry Implications - The partnership is positioned to accelerate the transition of humanoid robots from laboratory settings to practical applications in logistics, e-commerce fulfillment, new energy production, and flexible manufacturing [3] - Humanoid robots are expected to play a crucial role in enhancing operational efficiency, reducing costs, and improving safety in various sectors, contributing to the ongoing innovation and growth of the global smart logistics industry [3]