Dongwu Securities Maintains Buy on Leadshine Intelligent as Robot Orders Accelerate

Dongwu Securities said in a research note that Leadshine Intelligent’s earnings growth is being driven by demand across six major industries, while robot orders are accelerating. In the first three quarters of 2026, the company posted net profit attributable to shareholders of 299 million yuan, up 86.8% year on year. Third-quarter net profit reached 106 million yuan, up 156.1% from a year earlier and down 13.1% from the previous quarter. The brokerage maintained its “Buy” rating, noting that robot orders and production capacity are being implemented faster and are expected to support future growth. The results underscore the company’s exposure to automation demand and the commercial progress of its robotics business. Dongwu expects order execution and capacity buildout to remain key catalysts for performance.