(Yicai) April 9 -- Shares of Beiren Smart Manufacturing Technology advanced after the Chinese car manufacturing robotics company said it had received its largest single overseas order since its establishment.

Beiren [SHA: 688218] closed up 2.6 percent at CNY18.67 (USD2.58) in Shanghai today, after earlier gaining as much as 4.2 percent.

Beiren received a nearly USD28.1 million turnkey service order for an automotive chassis production line from the Mexican factory of a well-known international auto parts supplier that provides systems, accessories, and parts to global car manufacturers, the Jiangsu province-based company announced yesterday.

The order includes the design of the overall production line, equipment processing, manufacturing, installation, and debugging, as well as quality assurance and after-sales service, Beiren noted.

The value of the order equals nearly 28 percent of Beiren’s revenue in 2022, which means it will have a significant impact on the company’s earnings in future years. However, given its long execution time, the order will not have a big impact this year.

The order Beiren announced yesterday was also its second automotive chassis production line order in less than a month and its third order from a renowned foreign auto part supplier this year.

On March 11, Beiren announced that it secured a CNY96.9 million (USD13.4 million) order to provide integrated solutions and smart manufacturing services, including design plans, equipment manufacturing, installation, and debugging, to the new energy vehicle chassis plant in China of a world’s leading auto parts and component supplier.

On Feb. 28, Beiren said in a statement it scored a EUR10.6 million (USD11.5 million) turnkey service order for the automated production lines for the assembly of rear subframes at the factory in Italy of Italian vehicle parts supplier Marelli Suspension Systems.

Editor: Futura Costaglione