A components supplier steps into the robot race
On 20 October, Shenzhen-listed Hongfuhan Technology said it will invest about RMB 1.01 billion (USD 140 million) to build a precision metal-components base for robots. The plant will rise in Suzhou, Jiangsu, with a two-year build period. Of the total, RMB 220 million comes from unused proceeds of its initial public offering, while RMB 787 million is funded by the company’s own or borrowed money.
The project upgrades existing workshops and brings in high-precision production and testing equipment to make CNC machined parts, injection-moulded components and similar items for robots. The aim is to lift supply capacity for robot-grade precision metal parts.
From phone parts to robot parts
Hongfuhan built its name supplying precision functional parts, automation gear, thermal solutions and solar-storage products to customers such as Foxconn, Lens Technology, Murata, BOE and Luxshare. Its early work centred on consumer electronics and ICT, then spread to solar and new-energy vehicles.
In February the company signed a tripartite framework worth RMB 480 million including tax to supply handling robots, collaborative robots, charging robots, new-energy forklifts and robot modules to two Guangdong partners. That deal, together with the new base, marks a strategic turn from single-component vendor to integrated solutions provider.
The numbers behind the bet
The pivot is already showing in the income statement. First-half revenue reached RMB 589 million, up 65.7 per cent year on year, while net profit attributable to shareholders came in at RMB 73.1 million, up 221.6 per cent. Deducted non-recurring profit rose 232.5 per cent to RMB 69.5 million.
The third quarter keeps the curve. A preliminary nine-month guidance points to net profit of RMB 170 million to RMB 200 million, up 108.2 per cent to 144.9 per cent. Growth this fast, with profit rising far faster than revenue, signals improving margins as robot-related work scales.
Why a components base, and why now
Hongfuhan holds processes such as precision stamping, milling and brazing that transfer cleanly into robot parts. The base lets it extend those skills into high-value joints, structures and thermal pieces, deepening its place in the robot supply chain.
The company now frames its strategy around smart manufacturing, thermal solutions and industrial robots, serving three businesses: consumer electronics, AI data centres and industrial robots. The bet is that the humanoid and industrial boom needs a local, scaled source of precision metal parts, and the time to build that capacity is before the volume arrives.
Editor’s note: This is an adapted translation of the original OFweek Robotics report. It has been trimmed and restructured for readability for an international business audience. The full original (in Chinese) is at https://robot.ofweek.com/2026-10/ART-8321201-8120-30707866.html.