Rees Smart: On March 25, it received institutional research visits, with participation from multiple institutions including CITIC Securities and Millennium Partners.

According to Securities Star news, on March 25, 2026, Leisai Intelligent (002979) announced that the company accepted institutional research on March 25, 2026. Participants included CITIC Construction Investment Securities, Millennium Partners, William Blair Investment, Synergy Fund Management, CICC, Peter Mingqi Private Fund Management Co., Ltd., Boci-Prudential Asset Management, RIMECAPITAL, Harmolands, CloudAlpha Capital Management, and Nomura Asset Management.

The specific content is as follows:

Q: How is the company’s operating performance?

A: The company has always focused on the main channel of motion control, accumulating deep technical strength, brand influence, and a wide customer base in the automation motion control industry. In recent years, the company has adhered to a “customer-centric” approach, precisely focusing on customer pain points and core needs. Relying on six core product lines, the company has constructed a three-line collaborative, efficient marketing and service network with “six major industries + six major regions in China + overseas markets” as strategic supports, achieving steady growth in operating performance. According to the company’s financial report, from January to September 2025, the company achieved operating revenue of 1.3 billion yuan, a year-on-year increase of 12.57%; among this, the operating revenue for the third quarter alone was 409 million yuan, a year-on-year increase of 23.21%. The net profit attributable to shareholders of the listed company was 160 million yuan, a year-on-year increase of 11.01%; after excluding the effects of share-based payments, the net profit attributable to the parent company was 189.0992 million yuan, a year-on-year increase of 20.86%.

Looking ahead, as industry demand gradually recovers, the company’s operating performance will continue to maintain a stable and high-quality growth trend.

Q: What are the company’s plans for the future?

A: Looking towards 2026, despite increasing competition and heightened geopolitical risks, there are still many strategic growth opportunities in the external market as industry demand gradually recovers. The company will focus on five major external opportunities under the guiding philosophy of “building strong fortifications and honing internal skills to win the future,” actively seizing development opportunities: first, tackling the high-end market to achieve import brand substitution; second, delving into the mid-to-low-end market to help customers upgrade and reduce costs; third, promoting multi-path exports to expand global market layouts; fourth, tapping into the enormous potential of distributors and major clients to widen growth space; fifth, seizing the continuous explosive opportunities in the fields of robotics and robotic dogs to strengthen core track advantages.

Q: What is the company’s layout and progress in the field of intelligent robots?

A: In the field of intelligent robots, the company’s position is that of a core component and solution provider, dedicated to providing domestic and international customers with core components that have high cost-performance and high reliability. The company’s business layout and product planning mainly focus on three aspects:

1. Subsidiary Shanghai Leisai Robot Technology Co., Ltd. mainly focuses on “ultra-high density” frameless motors, drivers, and joint module solutions. Currently, the company has achieved good market performance with frameless motors, with orders exceeding 120,000 units in 2025.

2. Subsidiary Shenzhen Lingqiao Drive Control Technology Co., Ltd. focuses on dexterous hand solutions and the R&D, application, and sales of core components such as hollow cup motors, gear reducers, micro-encoders, micro-drivers, and multi-modal sensors. Since its establishment, it has quickly launched the DH116 series popular dexterous hands, the DH2015 series high-end dexterous hand products, and various specifications of hollow cup motor modules, rapidly growing in the embodied intelligence track, receiving widespread customer acclaim and commercial orders. It will continue to launch more competitive products and solutions.

3. Based on the company’s years of accumulation and experience in motion control technology, it is developing products related to the “little brain” of robots. The “little brain” motion control R&D team has formed a complete technology stack from underlying hardware to top-level solutions and is actively promoting industry-academia-research cooperation while also engaging in strategic layouts such as equity investments in upstream and downstream of the industry chain.

The functions and performance of the company’s robot-related products have been widely recognized by the market and customers. Components and solutions such as frameless torque motors and hollow cup motors have already secured good commercial orders, generating a certain amount of sales revenue, although the current revenue proportion is relatively small. It is expected to maintain continuous rapid growth in the future.

Q: What is the expansion status and future planning of the company’s PLC products?

A: In recent years, the company has continuously increased its R&D investment in control products, deeply engaging with equipment manufacturers and frontline production lines, accurately identifying customer process pain points. Relying on over twenty years of accumulation in motion control technology, the company has deeply integrated its core technological advantages with scene-specific demands, targeting core fields such as electronics, 3C, lithium batteries, machine tools, logistics, woodworking, and robotics to create adaptable, reliable, and cost-effective one-stop PLC solutions. Currently, the company has formed a full range of PLC product matrix including small, medium, and large PLCs, with all products achieving scaled market sales. According to the 2025 PLC Market Data Interpretation Report released by the authoritative research institution MIR, the company’s small PLCs are growing rapidly, maintaining the top national growth rate among all brands. As the “brain” of automation equipment, PLCs are the strategic core products supporting the company’s long-term sustainable development. Looking ahead, the company will steadfastly increase R&D investment in PLCs, continuously creating quantifiable core business value for customers by precisely matching equipment processes, enhancing control system performance and equipment competitiveness, and reducing overall costs for customers.

Q: Please introduce the latest progress of the company’s refinancing.

A: The company is adopting the method of issuing shares to specific objects for this refinancing, with a total fundraising amount not exceeding 1,144.3137 million yuan (including this amount). The net amount of the raised funds, after deducting relevant issuance costs, will be used entirely for the R&D and industrialization projects of core components in intelligent equipment motion control, information construction and intelligent warehousing projects, and to supplement working capital. The relevant work is progressing in an orderly manner according to plan, with specific progress as follows:

On December 30, 2025, the company held the second extraordinary general meeting of shareholders in 2025, which approved all related proposals including the “Proposal on the Company Meeting the Conditions for Issuing Shares to Specific Objects,” laying a foundation for subsequent application work. On March 11, 2026, the company received a notice from the Shenzhen Stock Exchange (hereinafter referred to as “SZSE”) regarding the acceptance of the application documents for issuing shares to specific objects from Shenzhen Leisai Intelligent Control Co., Ltd. The SZSE verified the application documents submitted by the company for issuing shares to specific objects according to relevant regulations, deemed the application documents complete, and decided to accept them. According to regulatory requirements, the company’s issuance of shares to specific objects still needs to pass the review of the SZSE and obtain the approval of the China Securities Regulatory Commission for registration before it can be implemented. The final outcome of whether it can pass the SZSE review and obtain the CSRC’s approval for registration, as well as the timing, still has uncertainties. The company will fulfill its information disclosure obligations in a timely manner based on the progress of this matter.

In the discussion segment, emerging fields such as I technology and the growth of the robotics industry typically experience relatively long development cycles. In the early stages of development, substantial investments are needed in technology R&D, process stages, equipment selection, and team building. In the mid-to-late stages of development and market expansion, there will also be many uncertainties, presenting significant investment risks, which investors should be aware of. During the reception, the company strictly followed the “Information Disclosure Management System” and other regulations to ensure that information disclosure is true, accurate, complete, timely, and fair. The aforementioned performance expectations do not constitute a performance commitment, and there has been no occurrence of undisclosed major information leakage.

Leisai Intelligent (002979) main business: technical development, production, and sales of drivers, motors, motion control systems and components, and specialized control systems; technical development and sales of industrial automation devices and instruments, microcomputer system software and hardware, and computer software; other domestic trade (excluding specialized, controlled, and restricted items); operation of import and export business.

Leisai Intelligent’s third quarter report for 2025 shows that in the first three quarters, the company’s main revenue was 1.3 billion yuan, a year-on-year increase of 12.57%; the net profit attributable to the parent company was 160 million yuan, a year-on-year increase of 11.01%; the net profit excluding non-recurring gains and losses was 155 million yuan, a year-on-year increase of 9.16%; among them, in the third quarter of 2025, the company’s single-quarter main revenue was 409 million yuan, a year-on-year increase of 23.21%; the single-quarter net profit attributable to the parent company was 41.2182 million yuan, a year-on-year increase of 47.62%; the single-quarter net profit excluding non-recurring gains and losses was 39.0312 million yuan, a year-on-year increase of 40.17%; the debt ratio was 40.9%, investment income was 6.1681 million yuan, financial expenses were 3.5044 million yuan, and the gross profit margin was 39.08%.

In the past 90 days, one institution has given a rating for the stock, with one buy rating; the average target price from institutions in the past 90 days is 59.4.

The above content is organized by Securities Star based on public information and generated by AI algorithms (Internet Information Office Filing No. 310104345710301240019), and does not constitute investment advice.