Zhejiang Laifual Drive Co., Ltd.

浙江来福谐波传动股份有限公司

03952.HK

Develops and produces harmonic reducers, joint modules, robotic arms and automated workstations for precision transmission, serving mainly humanoid and industrial robot applications in China. Ranked No. 2 among Chinese robotic harmonic reducer providers by shipment volume in 2025 with 21.4% market share, per CIC.

Filings

The documents are on HKEXnews; we link to the originals.

Matters the filing discloses

From the company’s latest filing; open a kind of matter to see how other companies disclosed it.

• Customer concentration
• Overlapping customers and suppliers
• Distribution model
• Single product, business line or region
• Pricing policy and price changes
• Outsourced production (OEM / contract manufacturing)
• Backlog and project economics
• Capacity and utilisation
• Seasonality and cyclicality
• Losses and path to profitability
• Net current liabilities or net liabilities
• Negative operating cash flow
• Cash burn and runway
• Working capital: receivables, prepayments and cash cycle
• Inventory level and ageing
• Preferred shares and fair-value liabilities
• Non-IFRS measures and adjustments
• Related-party transactions and balances
• Chapter 18C specialist technology
• Sanctioned countries and export controls