Fiyta Establishes Changkong Division to Expand Aerospace and Robotics Business

Analysts are bullish on Shenzhen-listed Shuanghuan, a gear box supplier, despite humanoid robots remaining largely conceptual. Deutsche Bank analysts noted that Tesla has been co-developing a new type of gear box, called a reducer, with Shuanghuan for three years, potentially for use in humanoid robot waist joints. Shuanghuan will retain a controlling stake in the planned IPO of its robotics gearbox subsidiary, Fine Motion, which contributed about 5% of the parent's consolidated revenue and net profit in 2025. Deutsche Bank rates Shuanghuan a buy with a price target of 45 yuan ($6.70), while Bernstein analysts, who rate the stock outperform with a 60-yuan target, believe the market underestimates its robotics opportunity, especially as Chinese automakers expand into humanoids. UBS also rates Shuanghuan a buy with a 50-yuan target, trimming it by 3 yuan after second-quarter earnings pressure from key client BYD, but sees AI and robotics unlocking medium- to long-term growth. Morgan Stanley's wrapup of the World Robot Conference highlighted a preference for leading parts makers like Shuanghuan, citing rising standards for component suppliers as deployment begins.

Zhaofeng Shares disclosed its 2026 semi-annual report on the evening of August 28. In the first half of the year, the company achieved operating revenue of 346 million yuan, up 0.51 percent year on year, while net profit attributable to the parent company was 14.34 million yuan, a year-on-year decline. The decline was mainly due to the high base of fair value gains from Chery Automobile's Hong Kong listing in the same period last year and fluctuations in the capital market during the current period. The company's domestic revenue performance was particularly strong, reaching 260 million yuan, up 45 percent year on year, and it has established cooperation with mainstream automakers such as Changan Automobile, Geely Automobile, and Chery Automobile. In the field of embodied intelligence, cross roller bearing products have already achieved mass delivery, multiple screw products have entered the small-batch trial production stage, and research and development investment increased 19.98 percent year on year to 25.66 million yuan. The company plans to issue convertible bonds of no more than 1.4 billion yuan to fund projects including the industrialization of high-end precision components for embodied intelligent robots and intelligent driving for automobiles. It also indirectly holds equity in robotics companies such as Leju Intelligent and Yunshenchu, with Leju Intelligent's IPO on the ChiNext board already accepted.