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AVIC Securities: With a flurry of catalysts driving the humanoid robotics industry, the sector is poised for an attractive investment opportunity.
The industry is accelerating in tandem on both the convergence of technological pathways and the implementation of supply chains. From an investment perspective, we recommend focusing on four key dimensions: Tesla's T‑chain core performance drivers, the growth trajectory of domestic component suppliers leveraging cross‑industry new‑technology flexibility, and the incremental overseas markets outside the T‑chain.
We Think Leader Harmonious Drive Systems' (SHSE:688017) Robust Earnings Are Conservative
Leader Harmonic (688017.SH) announced its 2025 annual performance, with a net profit attributable to shareholders of 124 million yuan, representing a year-on-year increase of 121.42%.
Lvde Harmonic (688017.SH) disclosed its 2025 annual report. During the reporting period, the company achieved revenue of 571 million yuan, representing a year-on-year increase of 47.31%; net profit attributable to shareholders of the listed company was 124 million yuan, increasing by 121.42% year-on-year; non-recurring net profit was 99.43 million yuan, up 115.19% year-on-year; basic earnings per share were 0.6924 yuan. The company plans to distribute a cash dividend of 2.10 yuan per 10 shares (including tax).
Green Harmonic: Summary of the 2025 Annual Report
Green Harmonic: 2025 Annual Report
Green Harmonic: First Quarter Report for 2026