Electric forklift leader increases investment in intelligent manufacturing. Zhongli Shares plans to invest 350 million yuan to build an intelligent robot project.

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Caixin Media March 17 (Reporter Chen Xiaxiao) The leading electric warehousing forklift company, Zhongli Co., Ltd. (603194.SH), is accelerating its transition toward an intelligent logistics solutions provider.

The company issued an announcement this evening stating that it plans to cooperate with the Administrative Committee of the Zhejiang Anji Economic Development Zone. Within the Liangshan High-Tech Industrial Park under that zone, it will invest to build a new-technology construction project with an annual output of 50,000 intelligent robots and 100,000 sets of forklift component kits. The planned total investment is 350 million yuan. The project’s total planned area is about 68.69 mu. The main business is R&D and manufacturing of intelligent robots and forklift component equipment.

The company said this project focuses on extending its main business upward into upstream segments. Through resource integration, it will achieve management synergy and cost optimization, and improve operational efficiency. Intelligent robots are a category of advanced equipment encouraged by the state. Driven by domestic “machine replacement of labor” and smart logistics policies, demand for application scenarios is clearly strong, and the company has the corresponding technical reserves and project implementation experience.

The announcement shows that since March 2025, the company and its subsidiaries have carried out 30 external investment projects, with a cumulative amount of 483 million yuan. These investments are mainly used to establish domestic and overseas subsidiaries, increase capital and take equity stakes in enterprises, and build production bases. They cover the establishment of subsidiaries in multiple locations across China, as well as overseas market deployments in Turkey, Indonesia, Japan, Vietnam, and more.

Among them, in June 2025, the company signed a cooperation agreement with the government of Laohukou City to invest 350 million yuan to build the “Zhongli Intelligent Warehousing and Logistics Equipment Manufacturing Project.” In December 2025, it invested 43 million yuan to establish a participating company, “Jiaotong University Zhongli (Chengdu) Innovation and Technology Co., Ltd.”

Zhongli Co., Ltd. was founded in 1993. It mainly engages in the R&D, production, and sales of mobile industrial vehicles such as electric forklifts and intelligent forklifts. According to publicly available information, relying on 11 major production and R&D bases at home and abroad, the company continues to expand its global capacity layout. Its products cover multiple categories, including electric counterbalanced forklifts, warehousing forklifts, tractors, off-road vehicles, and others. The tonnage range has been expanded to 0.6–35 tons.

In recent years, the company has continued to expand in the field of intelligent handling, building a matrix of intelligent handling products covering 10 major series, 51 product models, and more than 100 specifications. In addition to this investment, the company has rolled out a number of innovative products such as digital-and-intelligent new warehouses, intelligent loading and unloading, embodied robots, and unmanned logistics vehicles.

The company previously said in an institutional research visit in July 2025 that “Zhongli’s digital intelligence for handling is laid out across three layers—product level, model/mode level, and system level—and has successfully built manufacturing industry digital-intelligent factories, high-efficiency handling modes in the logistics industry, and other sample projects across multiple industries by using ‘digital intelligence brain DAS + mode-level + full-series handling robots.’” At present, intelligent handling has been widely applied in multiple fields including manufacturing, the logistics industry, automotive parts manufacturing, pharmaceuticals, and the paper industry.

From 2022 to 2024, Zhongli Co., Ltd.’s operating revenue maintained a steady growth trend, achieving operating revenue of 5.011 billion yuan, 5.921 billion yuan, and 6.552 billion yuan, respectively. Its net profit attributable to shareholders was 627 million yuan, 806 million yuan, and 840 million yuan, respectively. In the first three quarters of 2025, the company achieved operating revenue of 5.243 billion yuan, up 8.62% year over year; its net profit attributable to shareholders was 685 million yuan, up 5.46%.

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