Xiangyang Bearing Rises 85% in 9 Days, Robot Bearing Revenue Only 161,100 Yuan

From October 22 to November 3, Xiangyang Bearing's share price rose about 85% over 9 trading days, hitting the daily limit up 6 times; over the same period, Unitree Robotics rose about 21%. The company disclosed that the cumulative operating revenue from some precision bearings usable in harmonic reducers and RV reducers was only 161,100 yuan, not yet profitable, accounting for about 0.023% of total revenue in the first half of the year; net profit attributable to shareholders for the first three quarters remained a loss of 26.17 million yuan. The company said this business is still in the market expansion stage, does not involve overseas customers, and will not have a major impact on overall performance in the short term; the relevant products have completed trial production and entered the sample submission stage. The company also cautioned that being adaptable to harmonic reducers and RV reducers does not mean all revenue comes from the humanoid robot sector, as such reducers are also widely used in traditional industrial robots and automation equipment.

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