Company Profile · Industrials

Leader Harmonious Drive Systems Co Ltd

688017 · Shanghai
Industry
Precision Reducers (Harmonic Drives & Robotics Components)
Exchange
Shanghai
Country
China
Employees
1,087
Website
www.leaderdrive.com
Current Price
¥368.9
Live · Jun 11, 2026
Fair Buy
≤ ¥41
Margin-of-safety entry
Baillie Growth Score
48/100
Weak
Intrinsic Value · Three-Tier Range Current price ¥368.9 Live · Within the optimistic intrinsic-value range · much expectation priced in

Composite valuation range · conservative ¥27–¥41 / fair ¥82–¥168 / optimistic ¥288–¥412. At ¥368.9, Within the optimistic intrinsic-value range · much expectation priced in.

At publication ¥381.6 (Jun 20, 2026)

Research on this stock
Leader Harmonious Drive Systems Co., Ltd.
688017 · Shanghai
Avoid
Leaderdrive: China's Harmonic-Reducer Leader Priced for a Humanoid Future

Leaderdrive is China's domestic leader in harmonic-drive (strain-wave) reducers, the precision part inside robot joints, now extending from stand-alone components into mechatronic actuators. 2025 revenue jumped 47.3% to RMB 570.7 million with harmonic-reducer unit sales up 72.5%, yet at RMB 381.60 the stock trades near 123x sales and roughly 562x trailing earnings, pre-spending a humanoid-scale future that filings have not yet disclosed. Rating Avoid: a genuinely improving component leader at a speculative price, with every valuation scenario implying a loss from today's level until the humanoid ramp is proven or the price resets.

Precision Reducers (Harmonic Drives & Robotics Components) Baillie 48 Jun 20, 2026
About the company

Leader Harmonious Drive Systems Co., Ltd. engages in the research, development, manufacture, and sales of strain wave reducers in China and internationally. It offers strain wave gears, rotary actuators, frameless direct drive torque motors, and rotary tables for aerospace robotics; automated packaging equipment; industrial robot automation components; industrial laser cutting technology; robotic medical equipment; measurement, analysis, and test equipment; media and communication equipment; mobile humanoid robots; optical equipment; optical reflector telescopes; photovoltaic equipment; precision steering gear; printed circuit board manufacturing equipment; semiconductor manufacturing equipment; and woodworking, plastic, and metal machining tools. Leader Harmonious Drive Systems Co., Ltd. was founded in 2011 and is headquartered in Suzhou, China.

Financial snapshot
Market capCN¥74.18B
Revenue (TTM)CN¥612.82M
EBITDACN¥164.99M
Profit margin22.32%
ROE3.92%
P/E (TTM)539.47
Forward P/E71.43
EPSCN¥0.75
Dividend yield0.06%
52-week rangeCN¥113.59 – CN¥450.20

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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