Group 1 - The humanoid robot concept stocks are experiencing a decline, with Hengshuai Co., Ltd. dropping over 10% [2] - Qiangrui Technology and Longsheng Technology have both seen declines exceeding 7% [2] - Other companies such as Anpeilong, Zhejiang Rongtai, Yinlun Co., Ltd., Top Group, and Dongfang Precision Engineering are also among those with significant drops [2]

Core Viewpoint - Longsheng Technology's stock price has experienced fluctuations, with a year-to-date increase of 122.61% but a recent decline in the last five and twenty trading days [1][2]. Financial Performance - For the period from January to September 2025, Longsheng Technology reported revenue of 1.81 billion yuan, a year-on-year increase of 10.13%, and a net profit attributable to shareholders of 210 million yuan, reflecting a growth of 36.89% [2]. Stock Market Activity - As of November 4, Longsheng Technology's stock was trading at 52.90 yuan per share, with a market capitalization of 12.046 billion yuan. The stock saw a net outflow of 5.1183 million yuan in principal funds, with significant buying and selling activity [1]. Shareholder Information - As of September 30, the number of shareholders decreased by 12.29% to 21,200, while the average circulating shares per person increased by 14.01% to 8,291 shares [2]. Dividend Distribution - Longsheng Technology has distributed a total of 177 million yuan in dividends since its A-share listing, with 114 million yuan distributed over the past three years [3]. Institutional Holdings - Among the top ten circulating shareholders as of September 30, notable changes include a reduction in holdings by Penghua Carbon Neutral Theme Mixed A and new entries from several funds such as Huashan Media Internet Mixed A and Yongying Low Carbon Environmental Smart Selection Mixed Initiated A [3].

Core Viewpoint - Longsheng Technology (300680.SZ) announced that its subsidiary Weihan Intelligent has achieved mass production of harmonic reducers, indicating a significant advancement in its product capabilities and production capacity [1] Group 1: Production and Capacity - Weihan Intelligent's harmonic reducers have entered mass production, showcasing the company's commitment to technological advancement and product development [1] - The company anticipates that by the first quarter of 2026, it will have a production capacity of approximately 70,000 harmonic reducers, which will support the expansion of its business scale and enhance its ability to respond quickly to customer demands [1]

Core Viewpoint - Longsheng Technology (300680.SZ) has stated that it currently has no cooperation with Aerospace Yuxing [1] Group 1 - Longsheng Technology confirmed on the investor interaction platform that there is no ongoing collaboration with Aerospace Yuxing [1]

Core Viewpoint - Longsheng Technology has successfully achieved bulk supply of its new energy vehicle iron core semi-assembly products to companies such as Seres and Bosch [1] Group 1 - Longsheng Technology's products are now being supplied in bulk, indicating a strong market demand and potential growth in the new energy vehicle sector [1]

Core Insights - The company has completed multiple iterations of its dexterous hand products, enhancing their capabilities significantly [1] - The products now feature a multimodal electronic skin that incorporates tactile and pressure sensing [1] - The control algorithms that adapt to feedback from multimodal sensors have also been further optimized [1]

Core Viewpoint - Longsheng Technology (300680.SZ) has completed multiple iterations of its dexterous hand products, enhancing both the multimodal electronic skin and the control algorithms that adapt to multimodal sensor feedback [1] Group 1 - The dexterous hand products have undergone several iterations, indicating ongoing development and improvement [1] - The products now feature a multimodal electronic skin that incorporates tactile and pressure sensing capabilities [1] - Control algorithms have been further optimized to better respond to feedback from multimodal sensors [1]

Core Viewpoint - Longsheng Technology (300680.SZ) has successfully achieved bulk supply of its new energy vehicle iron core semi-assembly products to clients including Seres and Bosch [1] Group 1 - Longsheng Technology is actively engaging in the new energy vehicle sector by supplying key components [1] - The company has established partnerships with notable clients such as Seres and Bosch, indicating strong market demand and credibility [1]

Core Viewpoint - Longsheng Technology (300680.SZ) has announced the second generation of its self-developed "Lansen" robot, which integrates advanced technologies to address key challenges in heavy-duty grasping, defect detection, and flexible handling [1] Group 1: Product Development - The "Lansen II" robot has evolved from executing fixed action commands to utilizing a large model for intelligent judgment and optimized execution [1] - The robot's operational precision and collaborative capabilities have significantly improved, allowing for precise positioning and grasping of randomly located objects [1] Group 2: Technological Integration - The core technology matrix of the robot includes a "dexterous hand," a manufacturing scene large model, and electronic skin [1] - The development focuses on quality inspection of motor core rotors driven by Longsheng New Energy, indicating a deep integration with existing business operations [1]

Core Viewpoint - Longsheng Technology (300680) is actively developing its humanoid robot business, focusing on the core product, harmonic reducers, with various stages of research and mass supply for different clients [1] Group 1 - The company is advancing its production capacity layout and expects to achieve an initial capacity of approximately 70,000 harmonic reducers by the first quarter of 2026 [1]