Chengdu Haoneng Technology Co Ltd
Market Performance on 18 September 2025
On 18 September 2025, the Shanghai Stock Exchange recorded a collective pullback of the main indices, yet individual shares continued to see significant movement. Chengdu Haoneng Technology Co Ltd (stock code 603809) closed at ¥17.44, the same level as its 52‑week high. The share price had risen sharply earlier in the session, reaching the upper limit and recording a +5.1 % gain. The volume traded was 21.90 亿元, giving a turnover rate of 14.54 %. At this price, the market capitalization stood at ¥13 亿元.
Driver of the Price Surge
The upward momentum was largely attributable to the company’s recent operational highlights and sectoral trends:
| Item | Detail |
|---|---|
| Product portfolio | Synchronizers (48.89 % of revenue), differentials (21.21 %), other auto components (14.50 %), aerospace parts (13.22 %) |
| Recent earnings | First‑half 2025 revenue ¥12.53 亿元, up 10.30 % YoY; net profit ¥1.84 亿元, up 13.45 % |
| Sector support | Strong demand from new‑energy vehicle makers (BYD, Geely, Tesla) for differential and synchronizer components |
| Robot‑related activity | The company has developed high‑precision planetary and harmonic gear reducers for humanoid robots; several products are already in mass‑production supply agreements |
| Institutional interest | Several institutional reports on 18 September assigned a buy rating, with forecast prices that implied upside exceeding 20 % for the stock |
Industry Context
The broader A‑share market on 17 September showed a gradual upward trend, with the ChiNext index gaining 1.95 %. Robot‑related concepts dominated the market, with firms such as Li He Xing, Lan Jian Smart, and Hua Fu Technology recording significant gains. The positive sentiment around automation and advanced vehicle components created a favourable environment for Chengdu Haoneng’s core businesses.
Company Fundamentals
Chengdu Haoneng Technology Co Ltd specializes in the research, development, production, and sales of automotive driveline components and high‑precision aerospace parts. Its auto‑parts division focuses on synchronizers, differentials, dual‑clutch transmission (DCT) parts, and rail‑transit drive system components. The aerospace segment supplies parts for military aircraft, civil aircraft, and unmanned aerial vehicles. The company’s product mix and full‑supply‑chain capability position it as a leading synchronizer gear ring manufacturer, holding a market share exceeding 30 % in China.
Outlook
The combination of robust earnings growth, expanding demand from new‑energy vehicle manufacturers, and growing involvement in the humanoid‑robotics market supports a continued positive outlook for Chengdu Haoneng. The company’s integrated manufacturing capability and diversified customer base provide a solid foundation for sustaining revenue and profit momentum in the near term.