Policy & Market Dual-Drive: 2025 Becomes a Crucial Year for Initial GainsDriven by both policies and the market, 2025 has become a crucial year for listed companies in the humanoid robot industrial chain to reap initial achievements. The industry as a whole has delivered outstanding performance, with many enterprises witnessing substantial growth in their robot-related businesses.A research report from Orient Securities points out that from the perspective of the future mass production of humanoid robots, component enterprises with excellent manufacturing and management capabilities will benefit more.
Key Enterprises’ Layout:
Core Component R&D & Ecosystem BuildingJoyson Electronics has fully laid out its presence in the humanoid robot track and officially established a wholly-owned subsidiary, Ningbo Joyson Embodied Intelligence Robot Co., Ltd. (hereinafter referred to as “Ningbo Joyson Electronics”), in April this year. The company not only continues to invest in the R&D of key component assemblies but also actively collaborates with upstream and downstream enterprises in the industrial chain to build a complete industrial ecosystem. In terms of R&D of robot head components, relying on its advanced technology and rich experience, Joyson Electronics is committed to creating a highly intelligent and flexible robot head to achieve accurate environmental perception and rapid response capabilities.Recently, Nanshan Zhishang revealed at its performance briefing that it has reached an agreement with Joyson Electronics to establish cooperation in areas such as R&D of key component assemblies for humanoid robots and supply of high-performance new materials. Ningbo Joyson Electronics is mainly responsible for the R&D of key component assemblies of humanoid robots, including parts such as the head, chest, and dexterous hands.In addition, Zhiyuan’s new industrial-grade humanoid robot “Genius G2” was officially launched on October 16. As a key component supplier for this product, Joyson Electronics has played a crucial role in enhancing the overall performance and reliability of the robot—notably, the company has adopted advanced fuse assembly machines in the production of the robot’s key electrical control components, ensuring the safety and stability of the power transmission system through high-precision automated assembly. It is understood that the first batch of 20 “Genius G2” robots delivered will be first applied to Joyson Electronics’ own automotive component production lines.
Performance & Capacity Growth:
Core Enterprises Inject Industry ConfidenceWith the rising demand for joint components of humanoid robots, Lvde Harmonic, one of the leading enterprises in harmonic reducers, has demonstrated significant development advantages. The company supplies its products to robot enterprises such as UBtech, and its harmonic reducer orders have grown steadily amid UBtech’s expansion in the humanoid robot sector.On the evening of October 30, Lvde Harmonic released its third-quarter report for 2025. In the first three quarters, the company achieved operating income of 407 million yuan (a year-on-year increase of 47.36%) and net profit attributable to shareholders of 93.6673 million yuan (a year-on-year increase of 59.21%).In 2025, Keda Industrial mainly supplies the industrial and collaborative robot fields, and has connected with domestic and foreign humanoid robot main engine manufacturers. On October 28, Keda Industrial released its third-quarter report: operating income reached 10.603 billion yuan (a year-on-year increase of 23.41%) and net profit attributable to shareholders was 1.185 billion yuan (a year-on-year increase of 16.55%). The company plans to achieve an annual production capacity of 200,000 special reducers within three years, expanding into joint modules and lightweight reducer products.
Technological
Collaboration & Innovation:
Breaking Through Key Technical BottlenecksOn October 27, Lingyi Itech stated on an interactive platform that it has accumulated multiple core technologies in the robot field and formed a rich humanoid robot hardware product matrix. Its wholly-owned subsidiary recently signed a framework agreement with Beijing Humanoid Robot Innovation Center Co., Ltd., focusing on R&D of key components, overall machine design, and system integration. Lingyi Itech will provide high-precision reducers and servo motors to promote lightweight and high-integration development of humanoid robots.On October 24, the first domestically developed humanoid robot leg bone component using vacuum high-pressure casting technology was successfully trial-produced at CITIC Dicastal Qinhuangdao KSM Factory. The first batch of 20 mass-produced products (covering 4 types of core structural parts for left and right legs) was officially shipped, marking CITIC Dicastal’s entry into the key component track. Relying on advanced casting processes and quality control systems, the company will further expand R&D and supply of other robot components.
Conclusion:
The Golden Age of Humanoid Robots DawnsThe golden age of the humanoid robot industry has begun, and component enterprises are becoming the core driving force behind this transformation. From assembly R&D to reducers and precision structural parts, upstream and downstream enterprises in the industrial chain are working together to break through bottlenecks in performance and reliability through technological collaboration and production capacity improvement.Component enterprises with innovative capabilities and rapid response capabilities will continue to benefit, laying a solid foundation for the large-scale implementation of humanoid robots and opening a new chapter in intelligent manufacturing!
