Xiangyang Automobile Bearing disclosed an announcement on abnormal stock trading after market close on September 28, stating that the cumulative deviation of its closing price gains over two consecutive trading days reached 26.01%. The company clarified that some precision bearing products can be applied to harmonic reducers and RV reducers, and trial production and sample delivery have been completed. However, as of now, cumulative operating revenue is only RMB 131,400, with no overseas customers involved, accounting for a low proportion of overall operating revenue, and the business has not yet achieved profitability. It remains in the market expansion stage and will not have a significant impact on performance in the short term. This is not the first time the company's stock has moved abnormally due to the robot concept. In March 2025, the cumulative deviation of its closing price gains over ten consecutive trading days reached 105.17%, and at that time the company clarified that there was no market application for robot bearings yet. In terms of fundamentals, the company's 2026 semi-annual report showed first-half operating revenue of RMB 703 million, down 11.66% year-on-year, and net profit attributable to shareholders of the listed company was negative RMB 20.6123 million, with losses widening year-on-year, mainly affected by declining sales at major domestic passenger vehicle customers and continued losses at its overseas plant in Poland.
Xiangyang Automobile Bearing Co LtdCompany clarified its robot/reducer bearing business has only RMB 131,400 revenue, no overseas customers, and is not yet profitable, while H1 revenue fell 11.66% on declining sales at major domestic passenger vehicle customers.
