Wuxi Longsheng Technology Co., Ltd. (300680) announced plans to invest 350 million yuan in establishing an Embodied Intelligent Robotics Innovation Center.
On the evening of December 12, Wuxi Longsheng Technology disclosed that, to enhance industrial chain synergy and consolidate high-quality resources, the company signed an investment agreement with the Binhu District Government of Wuxi. The project, to be developed jointly with its subsidiary Longsheng Weirui, will focus on R&D and industrialization of embodied robots for industrial applications.
The initiative aims to build a competitive "one-body, two-wings" framework, centering on humanoid robots for industrial scenarios while strengthening core technologies such as AI-driven "intelligent brains," integrated joint modules, and dexterous robotic hands.
Wuxi Longsheng Technology has been actively expanding in robotics, acquiring firms like Weihan Intelligence and Diedong Technology to bolster its harmonic reducer and tactile-visual technology portfolio. Its self-developed "Lansen" robot has iterated to its second generation, supported by a core tech matrix combining dexterous hands, industrial AI models, and electronic skin.
The company reported robust earnings growth this year, with Q1-Q3 revenue reaching 1.81 billion yuan (up 10.13% YoY) and net profit at 210 million yuan (up 36.89% YoY). Its stock surged over 230% from its yearly low, closing the year with a 103.3% gain amid strong robotics sector momentum.
**Southbound Funds Pour Over 10 Billion HKD into Xiaomi**
Hong Kong markets dipped slightly this week (Dec 8–12), with the Hang Seng Index down 0.42% and the Hang Seng Tech Index falling 0.43%. Southbound capital recorded a net outflow of 3.443 billion HKD, ending a 29-week inflow streak.
Among active stocks, Alibaba-W led turnover at 36.554 billion HKD, followed by Xiaomi-W and Tencent, each exceeding 20 billion HKD. Xiaomi-W topped net purchases at 5.704 billion HKD, with two-week inflows surpassing 10 billion HKD. Meituan-W saw 4.204 billion HKD in net buys, while Alibaba-W and Tencent faced net sales of 3.121 billion HKD and 1.602 billion HKD, respectively.
Xiaomi’s southbound holdings rose for nine straight sessions to 4.431 billion shares (190.375 billion HKD market cap). Its shares rebounded 17.31% from a late-November low after announcing new Xiaomi EV models, including certified pre-owned vehicles with full warranties.
**Top Performers and Decliners** Fiber-optic leader Yangtze Optical Fiber and Cable (YOFC) soared 34.83% this week, while Horizon Robotics-W, Ping An, and Meituan gained 7.26%, 5.46%, and 3.38%, respectively. ZTE and Pop Mart led losses, dropping 11.67% and 11.37%.
YOFC extended its rally after affirming global leadership in fiber-optic market share and R&D. The firm plans to raise 2.229 billion HKD via a 70-million-share H-share placement, allocating 80% to overseas expansion.
**Notable Southbound Holdings Growth** Eleven stocks saw over 10% weekly growth in southbound holdings, led by Reshape Energy (+184.85%), Sany Heavy Industry (+130.23%), and Seres Group (+44.46%). Despite Reshape’s 55.1% 15-day plunge, investors doubled down on its fuel-cell technology, which covers full-stack components from membranes to hydrogen circulation systems.
Lionhead Holdings, with a 37.08% southbound stake, fluctuated sharply after launching its multi-model LLM platform, Geene M2, integrating OpenAI’s ChatGPT and Alibaba’s Qwen.
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