Stock Track | ESTUN Soars 6.01% Intraday on Humanoid Robot Catalysts and Strong Earnings

Stock Track05-29 09:56

ESTUN's stock price surged 6.01% during intraday trading on Friday, marking a significant upward movement for the automation company.

The humanoid robot industry continues to receive strong catalysts, with Tesla announcing plans to convert its Model S and X production lines into dedicated humanoid robot manufacturing lines. The company's third-generation humanoid robot is expected to commence formal mass production in the coming months, reinforcing clear volume production expectations for the sector.

At the company level, ESTUN reported a first-quarter net profit attributable to shareholders of RMB 97.84 million, representing a 674.64% year-over-year surge. The company's industrial robot shipments surpassed foreign brands for the first time, ranking first domestically, while branded robot revenue grew nearly 50% year-over-year. ESTUN has also launched its iER series embodied intelligent robots, which have been deployed in automotive, electronics, and lithium battery sectors.

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