In the first quarter of 2026, the humanoid robot track will usher in an important turning point and officially enter the performance realization period.
Prior to this, the sector had been experiencing constant fluctuations, and was complained by many retail investors as “PPT robots”. The company had been in business for many years but had difficulty seeing profits, and the stock price fluctuated greatly due to emotions.
However, after the disclosure of the first quarter report, the industrial chain has taken on a completely new look. Many listed companies that are deeply involved in core components have achieved double growth in revenue and net profit. The net profit of the top targets has soared 1,233% year-on-year. Dozens of companies have net profit growth exceeding 100%, getting rid of the dilemma of “only making money but not making money”.
When it comes to the benchmark of the humanoid robot track, Sanhua Intelligent Control is unavoidable.
This company, which has established itself in the industry with thermal management of home appliances and new energy vehicles, has entered the humanoid robot joint actuator track with its homologous technology and obtained the core supply qualification for Tesla Optimus. In just two years, it has built a second growth curve, attracted hundreds of institutional surveys, and was transferred to the core constituent stocks of the CSI Robot Index. It has emerged from the slow bull market and has become a model of a traditional leader’s cross-border breakthrough.
The core of Sanhua Intelligent Control’s success lies in three non-replicable advantages.
First, the technology has the same origin. More than 70% of its mature technology can be directly used on the robot track. There is no need for high-end R&D and new production lines. The cost of trial and error is low and the production capacity is quickly implemented.
In contrast, pure cross-border enterprises lack the foundation of precision electromechanical processing and invest heavily but rarely achieve results.
The second is to bind the world’s top complete machine leaders and rely on cooperation with Tesla to obtain batch linear actuator orders. With the mass production of Tesla Optimus, the revenue of the robot business will continue to grow.
For companies that only receive small orders from niche manufacturers, their performance will be difficult to sustain.
Third, there is a large space for the downstream track. Institutions predict that global humanoid robot shipments will increase significantly from 2026 to 2030, and the scale of the upstream core parts market will exceed 100 billion, which is enough to support the high growth of leading companies for many years.
Based on the success of Sanhua, the market began to look for the next batch of potential targets.
By strictly screening the first quarter report data of 2026, the top ten core targets with high net profit growth were selected.
The first place is the leader in the lidar track. In the first quarter, the net profit of the robot business soared 1,233% year-on-year. Its lidar is the “eye” of the robot, and its sales have increased significantly. It has supplied to many head machine manufacturers, and its net profit is expected to continue to grow at three digits in the future.
The second place is the domestically produced planetary roller screw, with net profit increasing by 687% year-on-year. It relies on automotive precision transmission technology to achieve domestic substitution, supplies to many manufacturers, and has ample profit margins.
The third place is the domestic leader in harmonic reducers, with net profit increasing by 426% year-on-year. It has obtained supply chain qualifications such as Tesla, increased production capacity utilization, and achieved a four-fold increase in net profit.
In addition, there are frameless torque motor faucets, spherical bearing precision faucets, dexterous hand structure faucets, humanoid robot thermal management faucets, force sensor faucets, main control PCB board faucets, humanoid robot cable faucets and other companies. They all show strong growth trends in their respective fields, and have the dual growth logic of “traditional main business base + new robot business expansion”, which highly coincides with the growth path of Renhua Intelligent Control.
However, if these high-priced investors want to replicate Sanhua’s long bull market, they still need to cross three key thresholds.
First, orders must be upgraded from “small batch supply” to “annual fixed-term large orders”, otherwise the performance will be difficult to sustain.
The second is to maintain a stable upward trend in gross profit margin and avoid falling into price involution. The high-barrier track has more advantages.
The third is to pay attention to the annual mass production progress of humanoid robots. If it is less than expected, orders from upstream parts companies will shrink.
For ordinary people, tracking the humanoid robot track can give priority to the upstream core parts track, and stay away from complete machine assembly and system integration companies; tracking performance takes priority over subject news, and pay attention to companies with high net profit growth for two consecutive quarters; downplay short-term stock price fluctuations, and value industry growth in the three-year dimension.
In short, the humanoid robot track has entered a period of performance realization. Although these companies with high quarterly earnings are facing challenges, their long-term growth logic is solid.
You might as well think about which segment of the track is the easiest to get out of the second Sanhua Intelligent Control, and when will humanoid robots be able to enter factories and homes on a large scale?
Feel free to share your views in the comment area.
