Svmuu reported that "New Stock God" Serenity posted on X platform, stating that LeaderDrive (Stock Code: 688017, valued at 57.73 billion RMB) is its most favored listed target in China when laying out the humanoid robot track. The company's business covers harmonic reducers, humanoid robot rotary joint reducers, linear actuators, motors/joints, and other core components, and it is currently entering the field of planetary roller screws.
It is reported that its harmonic reducers hold over 60% of the domestic market share, serving more than 1,800 global clients. Key customers include Universal Robots, UBTech, and Agibot, while Tesla, Figure, and the vast majority of other humanoid robot developers are its potential clients. According to rough estimates, the company's components account for 4% to 15% of the Bill of Materials (BOM) for each humanoid robot, a proportion that may further increase as it expands into more sub-segments.
Serenity believes that such companies are difficult to model precisely in financial terms, and their prospects depend on the production scale of humanoid robots in the coming years. Therefore, the strategy is to take a directional long position on companies capable of capturing a significant share in each humanoid robot, rather than precise financial modeling. Serenity stated that China is a leader in scalable mass production within this field, and many Western players cannot reduce costs to LeaderDrive's level. As the world moves towards scaling physical AI, Serenity is extremely bullish on the robotics track.