Zhejiang Laifual Drive Timeline

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.… - source: hkexnews.hk
• 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. - source: www1.hkexnews.hk
• 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… - source: www1.hkexnews.hk
• 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… - source: www1.hkexnews.hk
• 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. - source: einpresswire.com
• 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 - source: www1.hkexnews.hk
• 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: www1.hkexnews.hk
• 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: www1.hkexnews.hk
• 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: www1.hkexnews.hk
• 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: www1.hkexnews.hk
• 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: www1.hkexnews.hk
• 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: www1.hkexnews.hk