The Zhitong Finance App learned that Laifu Harmonic (03952) rose more than 10% in the intraday period. As of press release, it had risen 8.1% to HK$29.9, with a turnover of HK$2.4715 million.

According to the news, T-chain core supplier Xinjian Transmission recently responded to an IPO review inquiry letter. The Tesla robot design plan is close to being finalized and is about to enter the mass production cycle. According to CMB International's forecast, 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%.

CICC's recent research report covered Laifu Harmonic for the first time, giving it a “outperforming industry” rating, with a target price of HK$58. The bank pointed out that as a leading domestic harmonic speed reducer manufacturer, the company's profitability is expected to continue to improve as production capacity utilization remains high and one-time costs subside. Potential catalysts include capacity growth exceeding expectations and robot customer orders exceeding expectations.

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