HONG KONG, June 30th, 2026 —— CIC extends our warmest congratulations to Zhejiang Laifual Harmonic Drive Co., Ltd. (03952. HK) on its successful listing on the Hong Kong Stock Exchange (HKEX) today.
CIC's Collaborative Journey to the Listing
Throughout the listing process, CIC provided end-to-end support to the company and its sponsors:
Drafted and compiled the industry overview chapter of the prospectus, laying a solid reports foundation for the formal listing application.
Assisted in responding to inquiries from regulatory authorities, ensuring comprehensive and accurate disclosure.
Refined listing application materials continuously to meet stringent market and regulatory requirements.
Laifual Drive: Precision Transmission Expert for Industrial and Humanoid Robotics
Founded in 2013, Laifual Drive specializes in the R&D of core precision transmission components for robotics, positioning itself as a leading provider of end-to-end precision transmission solutions.
Centered on harmonic gear reducers, the company has built in-house full-stack R&D and manufacturing capabilities spanning materials science, tooth profile design, precision machining and final assembly, delivering a core product portfolio defined by high precision, high rigidity and high reliability.
Tailored to the performance requirements of robotic joints, Laifual Drive has developed a comprehensive product matrix covering harmonic reducers, joint modules, torque motors, encoders, drives and complete robotic arms. Its solutions are widely deployed across industrial robots, humanoid robots and automated production equipment, providing customers with one-stop precision transmission offerings.
Key Market & Technical Leadership
No.2 domestic player by both shipment and revenue: Laifual Drive ranked second among China's robotics harmonic reducer suppliers by 2025 shipment volume, with a 21.4% market share. It also held the No.2 position by revenue, capturing a 12.9% market share.
Pioneer in humanoid robot mass adoption: As of December 31, 2025, Laifual Drive is one of only two Chinese manufacturers that have delivered mass-produced harmonic reducers for humanoid robot applications.
Benchmark product performance: The company's harmonic reducers achieve ±15 arc-second positioning accuracy and a service life of over 10,000 hours, meeting the stringent precision and reliability requirements of robotic joint systems.
China Robotics Harmonic Drive Market Outlook
Growth in the robotics harmonic reducer market is fundamentally driven by expanding application scenarios and rising system complexity across the robotics industry. As humanoid and industrial robots penetrate more diverse use cases, differentiated demands for high-precision transmission systems across operating environments continue to fuel demand for high-performance, reliable core components. As a critical transmission part in robotic joints, harmonic reducers are widely adopted for their high precision, compact form factor and light weight.
According to CIC reports, China's robotics harmonic reducer market grew from RMB900 million in 2021 to RMB1.3 billion in 2025, representing an 8.9% CAGR. The market is projected to reach RMB13.4 billion by 2030, posting a 59.8% CAGR from 2026 to 2030.
In shipment volume terms, sales of harmonic reducers for robotics applications in China climbed from 700,000 units in 2021 to 1.4 million units in 2025, a 17.2% CAGR. Shipments are forecast to hit 20.7 million units by 2030, equivalent to a 72.4% CAGR over the next five years.
Key Growth Drivers of China Robotics Harmonic Drive Market
1. Accelerating humanoid robot commercialization
Advancing technology and widening commercial deployment of humanoid robots are driving demand for high-precision, cost-effective core components. Harmonic reducers, with their inherent advantages in precision, compactness and light weight, align closely with the performance and cost requirements of humanoid robots, unlocking sustained market demand.
2. Ongoing manufacturing upgrade in China
As the world's largest manufacturing economy, China is in a critical phase of industrial transformation. Sectors including new energy, photovoltaics and consumer electronics are pushing forward industrial automation and wider adoption of industrial robots, supporting steady growth in demand for precision reducers and other core components.
3. Sustained policy support
The Chinese government continues to prioritize the development of intelligent manufacturing and the robotics industry. In November 2023, the Ministry of Industry and Information Technology (MIIT) released the "Guiding Opinions on the Innovative Development of Humanoid Robots, setting explicit targets for lightweight design, high precision and high reliability, providing a supportive policy framework for the precision reducer sector.
4. Deepening industrial chain integration
Leading harmonic reducer manufacturers are evolving from single-component suppliers to integrated solution providers, building capabilities in modular design and system integration. This reduces R&D and integration barriers for downstream customers and accelerates the rollout of end-use applications.
5. Global expansion of Chinese manufacturers
Backed by continuous supply chain investment and cost advantages, Chinese harmonic reducer makers have steadily improved product performance and reliability. They now cater to diverse robotics application requirements and are gaining growing competitiveness in the global market. The global robotics harmonic reducer market is projected to expand from RMB3.3 billion in 2025 to RMB24.4 billion in 2030, at a 48.9% CAGR.
As a seasoned Industry Consultant, CIC offers services such as market sizing, competitive analysis, and enterprise value verification, etc., with global experience in enabling "first-in-sector" IPOs in embodied intelligence, hard tech and advanced manufacturing sectors.
From IPO preparation to listing hearings, CIC unearths the true intrinsic value of enterprises and translates it into actionable insights for successful capital market landing. Prior to Laifual Drive, CIC has supported leading enterprises in successful listings both domestically and overseas, including SEER Group (06106.HK), Geekplus (02590.HK), Dobot (02432.HK), Biren Technology (06082.HK) and Horizon Robotics (09660.HK) and more.
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About CIC
CIC is a professional consulting firm offering tailored end-to-end support across the full investment and financing lifecycle. The firm boasts a world-leading track record in guiding landmark first-in-sector IPOs across global markets, alongside unrivaled reach and in-depth coverage capabilities across specialized niche market segments.
CIC helps enterprises refine scalable business models and craft compelling capital narratives to enable seamless access to global capital markets, while serving as a trusted due diligence partner to investment institutions. It delivers granular industry insights and direct access to subject matter experts, empowering clients to identify high-value opportunities and mitigate critical risks effectively.
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