New stock's first day | Lai Fu Harmonic (03952) debuted on the market with an early trading session opening at a 3.16% increase. The company is ranked second among China's Siasun Robot & Automation harmonic reducer providers.

09:24 30/06/2026

Luckin Harmony (03952) debuts on the stock market. The announcement shows that the offering price is HK$85.5 per share, with a total of 13.4419 million shares issued, and 100 shares per lot. The net proceeds are approximately HK$1.003 billion. As of the time of writing, the stock price has risen by 3.16% to HK$88.2, with a trading volume of HK$3.34 billion.

Lai Fu Harmonic (03952) made its debut on the market, with an announcement indicating that the pricing was set at HK$85.5 per share, issuing a total of 13.4419 million shares, with a board lot of 100 shares, resulting in a net proceeds of approximately HK$1.003 billion. As of the time of writing, the stock has risen by 3.16% to HK$88.2, with a turnover of HK$334 million. According to the prospectus, Lai Fu Harmonic is a provider of precision transmission core components for Chinese Siasun Robot & Automation. The company offers a product portfolio that includes harmonic reducers, joint modules, robotic arms, and even automated workstations, primarily used in the humanoid Siasun Robot & Automation and industrial Siasun Robot & Automation sectors. According to Zhoushi Consulting's report, based on the shipment volume projected for 2025, Lai Fu Harmonic ranks second among harmonic reducer providers for Chinese Siasun Robot & Automation, with a market share of 21.4% by volume and 12.9% by revenue. As per the same data source, as of December 31, 2025, Lai Fu Harmonic is one of the only two manufacturers in China identified in the report that have successfully delivered and commenced mass production of harmonic reducers for humanoid Siasun Robot & Automation.

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