On June 8, 2026, the market showed an adjustment trend, and more than 4,500 stocks fell. However, the high-end manufacturing field bucked the trend and showed strong development momentum.
Beijing Stock Exchange Fengguang Precision (920510) recorded a daily limit of 30cm. It also had a daily limit of 30cm on June 5.
It is mainly engaged in precision machining and harmonic reducers, and has achieved mass production and supply to Yaskawa, Tesla Optimus, etc.
In the A-share market, Eston (002747) is at the daily limit, it is the leader in industrial mother machines/robot machines; DR Kuikezhi (603203) is at the daily limit, belonging to
In the field of automation equipment; Green Harmonic (688017), the leader in reducers, rose by nearly 12%, Zhongli De (002896) and Ningbo Dongli (002164) hit their limit, and Haozhi Electromechanical, Dingzhi Technology, etc. also followed suit.
The catalytic factors for this sector’s rise are very direct.
Nvidia’s Cosmos 3 physical AI has boosted the demand for robot simulation and parts; Tesla Optimus V3 mass production is approaching (July), Yushu Technology’s IPO meeting has been held, and BYD has announced its entry into humanoid robots; industrial motherboards benefit from the demand for high-precision processing of AI server liquid cooling plates/PCBs, equipment updates, and the acceleration of domestic substitution.
Funds are flowing from high-end digital AI to high-end manufacturing fields where there are “orders and technical barriers”. The North Exchange’s 30cm leader has hit a high level, driving the A-share reducer, industrial machine, automation and other sectors to follow suit, ushering in a new stage of development for this sector.
From the perspective of investment logic, there are three layers of opportunities.
The first is industrial mother machines (high-end machine tools). AI computing power (liquid cooling plates, PCB drill pins, optical module casings) has driven orders for high-precision CNC machine tools, and equipment updates and domestic substitution (high-end CNC systems, five-axis linkage) have accelerated.
In 2026Q1, new orders for machine tools increased by 7.8% year-on-year, and orders on hand increased by 12.6%, indicating the beginning of a new upward cycle.
The leading orders are full and the capacity utilization rate is high, attracting institutions to cover their bottom positions.
The second is the reducer (rigidly needed for the robot’s “joints”). A single humanoid robot requires about 20 harmonic reducers and several RV reducers. Mass production is about to bring exponential demand.
Domestic substitution has entered the realization period. Rulv’s harmonics market ranks first in the country and second in the world; Zhongli De’s RV + harmonic dual layout; Fengguang Precision Harmonics is in full series mass production, with the greatest performance flexibility.
Finally, there is industrial automation (industrial control + integration), and manufacturing intelligence (robotic workstations, flexible production lines, digital twin control) just needs to be stabilized.
Eston (complete machine + operation control), Inovance Technology (number one in servo/PLC in China), and Kuaike Intelligence (precision automation equipment) have benefited from the increase in robot volume and the recovery of photovoltaic/semiconductor automation, with steady growth in orders and reasonable valuations (20-30 times).
In terms of core targets, industrial master machines/machine tools include Kede CNC (688305, five-axis linkage leader, military/aerospace rigid demand, PE about 35 times), Huazhong CNC (300161, high-end
Domestic core of high-end CNC system, military industry penetration is improved), etc.; reducers include Green Harmonic (688017, harmonic leader, Optimus/Youbi selection batch expectations, recent surge), Zhongli De (002896, RV
+ Harmonic dual layout, overseas expansion, daily limit), etc.; industrial automation/integration covers Eston (002747, the leader in domestic robot complete machines, daily limit today, orders are picking up), Inovance Technology (300124, leading industrial control servo, robot joint drive and control, mechanism bottom warehouse), etc.
In terms of operational thinking, Beijing Stock Exchange Fengguang Precision has hit a height of 30cm, confirming that funds focus on the hard technology of “reducer + precision machining”; A-shares tend to be leaders with performance/order anchors (Green, Eston, Inovance, Code CNC), suitable for low-trend buying (shrinking back to the 5/10 day line), and do not chase high intraday pulses; pure emotional tickets (no reducer/machine tool substantive revenue) are only short-term games, and positions need to be strictly controlled.
In the medium term, driven by both the upward cycle of industrial machine tools and the increased volume of robot parts, only leaders with real production capacity and customer certification will be able to gain more opportunities in the market.
It should be noted that this article is based on public market information and does not constitute investment advice.
There are uncertainties in manufacturing cycle fluctuations, the pace of robot mass production, and changes in overseas supply chains. Investments require independent judgment and risks.
Regarding this wave of strength in industrial mother machines + reducers, are you more optimistic about a new round of upward growth in industrial mother machines (Kode, Huazhong, Neway) or the elasticity of mass production of reducers (Green, Zhongli De, Fengguang)?
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