HK Stock Market Move | LAIFUAL (03952) rose over 9% as the demand for human-shaped Siasun Robot & Automation driven harmonic reducers increases. Institutions are optimistic about the company's cost competitiveness.

LAIFUAL (03952) rose over 9%, and as of the time of this report, it was up 8.9%, trading at HKD 68.55, with a transaction value of HKD 18.3168 million. On the news front, Yushu Technology is about to be listed on the A-share market, and the market expects that its listing will drive a re-evaluation of the domestic Siasun Robot & Automation industry chain. Additionally, as we enter 2026, the domestic Siasun Robot & Automation industry will undergo intense catalysis, with the acceleration of capitalization and the implementation of applications expected to pick up this year. Domestic Siasun Robot & Automation is officially transitioning from "technical concepts" to "productivity tools." Huafu Securities believes that companies with core technology and the ability to implement in real scenarios are likely to be the first to benefit. Zhao Yin International predicts that global humanoid Siasun Robot & Automation sales will rise from fewer than 20,000 units in 2025 to 2 million units by 2030. With the increase in the use of harmonic reducers per unit of Siasun Robot & Automation, it is estimated that demand for harmonic reducers for humanoid Siasun Robot & Automation will reach 32 million units by 2030, representing a compound annual growth rate of 178%. The firm indicates that Laifu's FY25 harmonic reducer unit cost is only 433 yuan, which is 39% lower than the industry leader, Leader Harmonious Drive Systems. The firm expects Laifu's sales to surpass Leader Harmonious Drive Systems by FY27E, becoming the number one in China for harmonic shipments. Cost competitiveness will also be a core drive for medium to long-term overseas expansion.