Shang Hai Zheng Quan Bao·2026-01-10 10:49Core Viewpoint - Xinjian Transmission is a highly recognized company in the industry and investment circles due to its close relationship with Tesla's Optimus supply chain, despite not being publicly listed yet [1]. Company Overview - Xinjian Transmission was established on January 8, 1999, with a registered capital of 83.9717 million yuan [2]. - The company is classified under the general equipment manufacturing industry (C34) and is headquartered in Hangzhou, Zhejiang Province [2][3]. - The controlling shareholder is Shanghai Xinjian Asset Management Co., Ltd., holding 29.40% of the shares [2][3]. Product and Market Position - Xinjian Transmission specializes in products such as rolled worm gears, seat horizontal actuators, planetary roller screws, and electric drive joints, which are used in various sectors including semiconductors, automotive, new energy, smart vehicles, humanoid robots, drones, and construction machinery [5]. - The planetary roller screw is identified as the core component with the highest value in humanoid robots, accounting for approximately 20% of the total value of a humanoid robot [7]. Strategic Developments - The company has initiated a project to establish a headquarters and an annual production capacity of 1 million humanoid robots and automotive planetary roller screws, which received approval for construction in December 2024 [10]. - Reports indicate that Tesla placed a mass production order for dexterous hand assemblies with Xinjian Transmission, expected to exceed 1,000 units by the end of September 2025, which has positively impacted the humanoid robot supply chain [10]. Industry Trends - The humanoid robot sector is anticipated to experience significant growth, with Tesla's Optimus expected to replicate the development trajectory of the electric vehicle industry [11]. - The third generation of Optimus is projected to be released in Q1 2026, with mass production expected by the end of 2026, potentially leading to a shipment volume of 30,000 to 50,000 units [12]. - The market sentiment for the humanoid robot sector is improving, driven by Tesla's advancements and the anticipated production milestones [12].