(Yicai) May 9 -- Shares of Jiacheng International Logistics jumped after it won an order to provide logistics and warehousing services to Chinese cross-border e-commerce budget fashion retailer Shein.

Jiacheng [SHA: 603535] soared 5.9 percent to CNY18.01 (USD2.51) a share as of 1.45 p.m. in Shanghai today, after earlier surging by as much as 7.5 percent.

Shain will receive around 130,000 square meters of logistics service centers, related facilities, and warehousing, distribution, transportation, and other services in Foshan, Zhaoqing, and Heshan in Guangdong province to export cargo over the next two years, Jiacheng said late yesterday. The deal may bring revenue of CNY300 million (USD42 million) a year, it added.

The three logistics service centers are expected to handle about 1.6 million parcels a day, which will be shipped overseas by air, Guangzhou-based Jiacheng noted. The goods included in the project are from all categories on Shein's website, mainly fast fashion and beauty products, it said.

Jiacheng's revenue and net profit will likely increase thanks to the deal, according to the company. Its net profit dropped 4 percent to about CNY164 million in the 12 months ended Dec. 31 from a year earlier, while revenue fell 4.1 percent to around CNY1.2 billion (USD166 million), it announced last month.

Jiacheng provides customized global logistics solutions and related all-link integrated logistics services for manufacturing and e-commerce companies, especially cross-border online retailers. Its Jiacheng International Harbor Logistics Park in Guangzhou provides cross-border e-commerce platforms with integrated export customs and logistics services, including air transport.

Editor: Martin Kadiev