Laifual

A Zhejiang harmonic-reducer maker that listed in Hong Kong in June 2026.

Zhejiang Laifual Drive Co., Ltd. was founded in 2013; its chairman, Jie Zhang, born in the 1990s and a graduate of the New Jersey Institute of Technology, has run the company since 2017. Its main business is harmonic reducers, extended into joint actuator modules, robot arms, and automation workstations, sold mainly for humanoid and industrial robots. Citing data from consultancy CIC, its prospectus states that by 2025 shipment volume it ranked second among China's robot harmonic-reducer suppliers, with a 21.4% share, behind only Leaderdrive; it had about RMB 261 million in revenue in 2025 and was still unprofitable. Having twice failed to complete a STAR Market listing, it listed on the Hong Kong Stock Exchange main board on June 30, 2026, under ticker 03952.

ExampleA humanoid robot arm's rotary joint often pairs a Laifual or Leaderdrive harmonic reducer with a frameless motor to form an integrated joint actuator module.

Also called

Laifual Drive, Laifual Transmission

Related

Strain Wave Gear (Harmonic Drive) · Leaderdrive · Joint Actuator Module · HKEX Chapter 18C · Domestic Substitution · Core Components

Sources

财联社：估值15亿的来福谐波冲刺港股IPO (Chinese)
香港经济日报：来福谐波（03952）IPO (Chinese)
经济通：来福谐波 03952 招股资讯 (Chinese)

As of

2026-06