Zhejiang Laifual Drive

• Harmonic Reducer Orders Outstanding July 2026

  >400,000 reducers on order - 2026-09-28 - Laifual reported more than 400,000 harmonic reducers in outstanding orders at 31 July 2026. Orders are not completed output or shipments. - source posture: Filing Disclosed

  Source
• Harmonic Reducer Monthly Capacity Target End 2026

  80,000 reducers/month target - 2026-09-28 - Laifual targets designed monthly harmonic-reducer capacity of 80,000 units by the end of 2026; this is a capacity target across end markets. - source posture: Filing Disclosed

  Source
• Harmonic Reducer Monthly Capacity July 2026

  64,800 reducers/month capacity - 2026-09-28 - Laifual reported designed monthly harmonic-reducer capacity of 64,800 units in July 2026. Capacity is not actual output. - source posture: Filing Disclosed

  Source
• Harmonic Reducer Shipments H1 2026

  239,500 reducers shipped - 2026-09-28 - Laifual reported 239,500 harmonic-reducer shipments in H1 2026, across end markets; no humanoid-only total was disclosed. - source posture: Filing Disclosed

  Source
• Harmonic Reducer Output H1 2026

  256,900 reducers produced - 2026-09-28 - Laifual reported production of 256,900 harmonic reducers against designed capacity of 270,000 in H1 2026, or 95.1% utilisation. This is company-wide reducer production. - source posture: Filing Disclosed

  Source
• Humanoid Harmonic Reducer Mass Production Status

  one of two domestic manufacturers with humanoid harmonic-reducer mass production - 2026-06-22 - humanoid robot component supply - Laifual was one of two domestic manufacturers with deliveries and mass production of harmonic reducers applied in humanoid robots as of December 31, 2025. - source posture: Company Disclosed

  Source
• Harmonic Reducer Sales Volume 2025

  291,515 harmonic reducers sold in 2025 - 2026-06-22 - robot motion-component supply - Laifual sold 291,515 harmonic reducers in 2025, plus 6,246 joint modules, 639 robotic arms and 56 automated workstations. - source posture: Company Disclosed

  Source
• Shaoxing Harmonic Reducer Designed Capacity 2025

  176,400 harmonic reducers/year - 2026-06-22 - Shaoxing production facility - harmonic reducer manufacturing - Laifual reached 176,400 units of designed 2025 harmonic-reducer production capacity at its Shaoxing production facility. - source posture: Company Disclosed

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Supply chain relationships

• ZEISS Industrial Quality Solutions

  Inbound - Manufacturing - ZEISS supplied CMM inspection systems used by Laifual Drive to verify its FS Series strain-wave gears

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• 2022-10-31 - Series F - $22M - Laifual completes Series F at CNY1.5B post-money

  Laifual completed CNY150000000 of primary Series F financing at an issuer-disclosed CNY1.5B post-money valuation. - source: www1.hkexnews.hk

• 2022-02-11 - Series E+ - $9.5M - Laifual completes Series E+ at CNY965M post-money

  Laifual completed CNY65000000 of primary Series E+ financing at an issuer-disclosed CNY965M post-money valuation. - source: www1.hkexnews.hk

• 2021-12-09 - Series E - $11.7M - Laifual completes Series E at CNY780M post-money

  Laifual completed CNY80000000 of primary Series E financing at an issuer-disclosed CNY780M post-money valuation. - source: www1.hkexnews.hk

• 2020-03-30 - Series D - $9.5M - Laifual completes Series D at CNY565M post-money

  Laifual completed CNY65000000 of primary Series D financing at an issuer-disclosed CNY565M post-money valuation. - source: www1.hkexnews.hk

• 2019-03-20 - Series C - $8.3M - Laifual completes Series C at CNY457M post-money

  Laifual completed CNY57000000 of primary Series C financing at an issuer-disclosed CNY457M post-money valuation. - source: www1.hkexnews.hk

• 2018-02-24 - Series B - $6.8M - Laifual completes Series B at CNY176.5M post-money

  Laifual completed CNY46500000 of primary Series B financing at an issuer-disclosed CNY176.5M post-money valuation. - source: www1.hkexnews.hk

• 2017-08-17 - Series A - $1.5M - Laifual completes Series A at CNY100M post-money

  Laifual completed CNY10000000 of primary Series A financing at an issuer-disclosed CNY100M post-money valuation. - source: www1.hkexnews.hk

• Beta Achieve - Participant - Angel / Individual - 2 funding events - repeat backer - first seen 2026-06-22
• Rushan Huian - Participant - Angel / Individual - 2 funding events - repeat backer - first seen 2026-06-22
• CDBC Fund - Participant - VC - 1 funding event - first seen 2026-06-22
• CEC CICC Fund - Participant - VC - 1 funding event - first seen 2026-06-22
• Guozhong SME Fund - Participant - VC - 1 funding event - first seen 2026-06-22
• Haian Huijun - Participant - Angel / Individual - 1 funding event - first seen 2026-06-22
• Lenovo Fund - Participant - VC - 1 funding event - first seen 2026-06-22
• Redview Capital Investment XIV - Participant - VC - 1 funding event - first seen 2026-06-22
• Sushang JVC - Participant - Angel / Individual - 1 funding event - first seen 2026-06-22
• Wang Yong - Participant - Angel / Individual - 1 funding event - first seen 2026-06-22

• 3952.HK - HKEX - HKD

Events

• 2026-06-30 - Market Signal - Zhejiang Laifual Drive begins HKEX trading under stock code 3952

  The final offer price was HK$85.50 for 13,441,900 offer shares before exercise of the over-allotment option. HKEX results stated gross proceeds of HK$1,149.3 million and estimated net proceeds of HK$1,073.1 million after HK$76.2 million of listing expenses. Laifual had 103,398,787 issued shares upon listing before over-allotment, with 2,016,200 offer shares over-allocated.

  Source
• 2026-06-22 - Production Milestone - Laifual discloses humanoid harmonic-reducer mass-production status

  The prospectus cites CIC data placing Laifual among two domestic manufacturers with humanoid harmonic-reducer deliveries and mass production. The same filing says Laifual ranked No. 2 in China robotic harmonic-reducer shipments in 2025.

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• 2026-06-22 - Production Milestone - Laifual reports 291,515 harmonic reducers sold in 2025

  Laifual sold 291,515 harmonic reducers in 2025, up from 142,794 units in 2024. Laifual also sold 6,246 joint modules, 639 robotic arms and 56 automated workstations in 2025. Laifual said small-sized harmonic reducers reached 11.0% of 2025 harmonic-reducer sales volume.

  Source
• 2026-06-22 - Facility Opening - Laifual opens Shaoxing harmonic-reducer production facility

  The Shaoxing facility began operation in August 2025. Laifual said its designed monthly harmonic-reducer production capacity reached 39,600 units by December 2025. The facility supports Laifual's capacity for commercial automation and autonomous-system workflows.

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• 2024-12-27 - Product Launch - Laifual launches miniature harmonic drives for humanoid robot joints

  Laifual launched the miniature harmonic-drive line on December 27, 2024. The size 03, 05, and 08 miniature harmonic drives targeted compact humanoid and micro-robot joints. The size 03 model weighed 13 grams.

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• 2022-10-31 - Funding - Laifual completes Series F at CNY1.5B post-money

  The issuer prospectus reports a CNY1.5B post-money valuation and CNY1350000000 pre-money valuation. The final primary subscription payment settled on 2022-10-31. Investors: CDBC Fund

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• 2022-02-11 - Funding - Laifual completes Series E+ at CNY965M post-money

  The issuer prospectus reports a CNY965M post-money valuation and CNY900000000 pre-money valuation. The final primary subscription payment settled on 2022-02-11. Investors: Redview Capital Investment XIV

  Source
• 2021-12-09 - Funding - Laifual completes Series E at CNY780M post-money

  The issuer prospectus reports a CNY780M post-money valuation and CNY700000000 pre-money valuation. The final primary subscription payment settled on 2021-12-09. Investors: CEC CICC Fund, Lenovo Fund

  Source
• 2020-03-30 - Funding - Laifual completes Series D at CNY565M post-money

  The issuer prospectus reports a CNY565M post-money valuation and CNY500000000 pre-money valuation. The final primary subscription payment settled on 2020-03-30. Investors: Guozhong SME Fund, Haian Huijun

  Source
• 2019-03-20 - Funding - Laifual completes Series C at CNY457M post-money

  The issuer prospectus reports a CNY457M post-money valuation and CNY400000000 pre-money valuation. The final primary subscription payment settled on 2019-03-20. Investors: Beta Achieve, Sushang JVC

  Source
• 2018-02-24 - Funding - Laifual completes Series B at CNY176.5M post-money

  The issuer prospectus reports a CNY176.5M post-money valuation and CNY130000000 pre-money valuation. The final primary subscription payment settled on 2018-02-24. Investors: Beta Achieve, Rushan Huian

  Source
• 2017-08-17 - Funding - Laifual completes Series A at CNY100M post-money

  The issuer prospectus reports a CNY100M post-money valuation and CNY90000000 pre-money valuation. The final primary subscription payment settled on 2017-08-17. Investors: Rushan Huian, Wang Yong

  Source

Comparable profiles

• AILOS Robotics

  stack adjacency - Motion Component Supplier · Robot Joint Actuation

• Zhejiang Zhaofeng Mechanical and Electronic

  stack adjacency - Motion Component Supplier · Robot Motion Components

• Fine Motion / 环动科技

  stack adjacency - Robot Motion Components

• Leaderdrive

  stack adjacency - Motion Component Supplier · Robot Joint Actuation

• Zhaowei Machinery

  stack adjacency - Robot Motion Components

• Zhongda Leader

  stack adjacency - Robot Motion Components

• XCC Group

  stack adjacency - Motion Component Supplier

• igus

  stack adjacency - Motion Component Supplier

• NSK

  stack adjacency - Motion Component Supplier

• RENK

  stack adjacency - Robot Motion Components

• Meili Technology

  stack adjacency - Motion Component Supplier

• Henggong Precision

  stack adjacency - Motion Component Supplier

Shared workflows

• Wanxiang Qianchao

  workflow adjacency - Humanoid Joint Actuation

• HARIBIT

  workflow adjacency - Humanoid Joint Actuation

• Eyou Robot Technology

  workflow adjacency - Humanoid Joint Actuation

• TC Drive

  workflow adjacency - Humanoid Joint Actuation

• SigGear

  workflow adjacency - Humanoid Joint Actuation

• Newstart Gear Motion

  workflow adjacency - Humanoid Joint Actuation

• Bonsystems

  workflow adjacency - Humanoid Joint Actuation

• Lingyi iTech

  workflow adjacency - Humanoid Joint Actuation

• Langxin Electric

  workflow adjacency - Humanoid Joint Actuation

Context tags

• Robot motion components - Stack Layer - The HKEX prospectus describes Laifual as a provider of core components for robotic precision transmission.
• Robotics motion-component supply layer - Stack Layer - Laifual identifies harmonic reducers and precision motion-control products as core product lines.
• Robot joint actuation - Capability - The prospectus ties harmonic reducers and joint modules to humanoid and industrial robot joint applications.
• Humanoid joint actuation - Workflow - Laifual reports growing small-sized harmonic reducer demand from humanoid robot joints.
• Industrial robot supply chain - Customer Environment - The company supplies motion components and modules for industrial robot precision-transmission applications.
• China robotics supplier - Peer Group - China-based precision-transmission supplier; geography is background context only.