Leaderdrive Sees Profit Climb on Boom in Chinese Humanoid Robots
China, the world’s top industrial robot market, still isn’t producing enough core components.
Photographer: Qilai Shen/BloombergRobotics component supplier Leader Harmonious Drive Systems Co. saw stronger profits last year and in the first quarter as demand soars for Chinese humanoid robots.
First-quarter net income rose 61% to 33 million yuan ($4.8 million) from a year before, according to a Wednesday evening filing. Full-year profit more than doubled to 124.4 million yuan, a separate filing showed, the highest since 2022.