Changes in Hong Kong stocks | Laifu Harmonic (03952) rose more than 9%, demand for humanoid robot-driven harmonic speed reducers increased, institutions optimistic about the company's cost competitiveness

The Zhitong Finance App learned that Laifu Harmonic (03952) rose more than 9%. As of press release, it had risen 8.9% to HK$68.55, with a turnover of HK$183.16,800.

According to the news, Yushu Technology is about to land on A-shares, and the market expects that it will drive the restructuring of the domestic robot industry chain after listing. Furthermore, entering 2026, the domestic robotics industry is heavily catalyzed. In addition to accelerated capitalization, application-side implementation is also expected to accelerate this year. Domestic robots are officially moving from a “technical concept” to a “productivity tool,” and Huafu Securities believes that companies with core technology and the ability to implement scenarios are expected to be the first to benefit.

CMB International predicts that global sales of humanoid robots will increase from less than 20,000 units in 2025 to 2 million units in 2030. Along with the increase in the usage of single robot reducers, the demand for harmonic reducers for humanoid robots will reach 32 million units in 2030, with a compound annual growth rate of 178%. The bank pointed out that the unit cost of the Laifu FY25 harmonic reducer is only 433 yuan, which is 39% lower than that of the leading harmonic in the industry. The bank expects Laifu's sales volume to surpass Green Harmonic in FY27E and become the number one harmonic shipment volume in China. Cost competitiveness will also be the core driving force for medium- to long-term overseas expansion.