On June 15, Lenovo Group rose 3.85% in regular trading, trading at HK$23.68/share, with turnover of HK$727 million. The rally was driven by news that Lenovo's portfolio company, Zhejiang Laifu Harmonic Drive Co., Ltd., successfully passed the HKEX main board listing hearing.

Laifu Harmonic is a leading Chinese robotics precision transmission core component provider, with products primarily used in humanoid robots and industrial robots. According to its prospectus, Lenovo Fund holds a 5.65% stake in the company. By 2025 shipment volume, Laifu Harmonic ranked second among Chinese robot harmonic reducer providers with a 21.4% market share. It is also one of only two domestic manufacturers that have achieved delivery and mass production of harmonic reducers for humanoid robots. The company reported revenues of RMB 260.9 million for fiscal 2025, representing 142.2% year-over-year growth, though it remains in a loss-making position for three consecutive years.

The smooth progression of this IPO is viewed as a positive signal for Lenovo's investment portfolio, reinforcing market optimism about the company's strategic positioning in robotics and high-tech sectors. Broader market conditions also provided support, with the Hang Seng Index opening 1.15% higher on favorable external sentiment.

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