Hua Er Jie Jian Wen·2025-07-21 11:27Core Viewpoint - The humanoid robot sector is experiencing significant growth, with companies like Longsheng Bearing benefiting from this trend, particularly due to their partnership with Yushutech, a leading player in the market [2][10]. Company Summary - Longsheng Bearing has seen its stock price increase by over 210% since the beginning of the year, reaching approximately 95.28 yuan per share, with a total market capitalization of about 28.5 billion yuan [2][10]. - The company is a core supplier of self-lubricating bearings for Yushutech, which are essential for the flexible operation of humanoid robot joints [4][9]. - Longsheng Bearing has been involved in technical exchanges and collaborative research with other companies in the robot sector, including UBTECH and Zhiyuan Robotics [5][9]. - The company reported revenues of 1.071 billion yuan, 1.105 billion yuan, and 1.137 billion yuan for the years 2022, 2023, and 2024 respectively, with year-on-year growth rates of 8.77%, 3.18%, and 2.89% [7][10]. Industry Summary - The humanoid robot market is projected to grow significantly, with estimates suggesting sales could reach 12,400 units and a market size of 6.339 billion yuan by 2025, and over 400 billion yuan by 2035 [11]. - The supply chain advantage in China is a key factor enabling local companies to compete with U.S. firms in the humanoid robot sector [3][11]. - Analysts believe that while U.S. companies may lead in the early stages of technology development, Chinese manufacturers are well-positioned to dominate once large-scale commercialization begins [11][12].