LAIFUAL (03952) Surges Over 10% Intraday as Robot Demand Boosts Harmonic Reducer Growth, Profitability Expected to Keep Improving

Stock News10-16

LAIFUAL (03952) jumped more than 10% during intraday trading, and as of press time, it was up 8.1% at HK$29.9, with turnover of HK$2.4715 million.

On the news front, T-chain core supplier Xinjian Transmission recently responded to an IPO review inquiry letter, stating that Tesla's robot design plan is close to finalization and is about to enter the mass production cycle.

According to CMBI forecasts, global humanoid robot sales will rise from fewer than 20,000 units in 2025 to 2 million units in 2030. With the increase in the number of reducers used per robot, demand for harmonic reducers for humanoid robots is expected to reach 32 million units by 2030, representing a compound annual growth rate of 178%.

CICC recently initiated coverage on LAIFUAL in a research report, assigning an "Outperform Industry" rating with a target price of HK$58.

The firm noted that as a leading domestic harmonic reducer manufacturer, LAIFUAL's profitability is expected to continue improving as capacity utilization remains high and one-off expenses fade.

Potential catalysts include faster-than-expected capacity ramp-up progress and better-than-expected robot customer orders.

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