HK Stock Market Move | LAIFUAL (03952) surged over 10% intraday. Siasun Robot&Automation drives growth in demand for harmonic reducers, and the company's profitability is expected to continue improving.

LAIFUAL (03952) surged over 10% intraday, rising 8.1% as of press time to HK$29.9, with a turnover of HK$2.4715 million. On the news front, T-chain core supplier Xinjian Transmission recently responded to an IPO review inquiry letter, stating that Tesla's Siasun Robot&Automation design scheme is nearing finalization and is about to enter the mass production cycle. According to CMBI forecasts, global humanoid Siasun Robot&Automation sales will increase from less than 20,000 units in 2025 to 2 million units in 2030. With the increase in the amount of reducers used per Siasun Robot&Automation unit, the corresponding demand for harmonic reducers for humanoid Siasun Robot&Automation is expected to reach 32 million units by 2030, representing a compound annual growth rate of 178%. CICC recently initiated coverage on LAIFUAL in a research report, assigning an "Outperform" rating with a target price of HK$58. The bank noted that as a leading domestic harmonic reducer manufacturer, the company's profitability is expected to continue improving as capacity utilization remains at a high level and one-off expenses fade. Potential catalysts include capacity ramp-up progress exceeding expectations and Siasun Robot&Automation customer orders exceeding expectations.