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Zhejiang Laifual Drive marks its debut on the Hong Kong Stock Exchange on June 30, 2026. [Photo/Shaoxing News]

Shaoxing has added another listed company to its growing roster with Zhejiang Laifual Drive's debut on June 30 as the first harmonic drive reducer manufacturer on the Hong Kong Stock Exchange's main board under the stock code 03952.HK.

Founded in 2013 and based in Shengzhou, a county-level city of Shaoxing, Zhejiang Laifual Drive specializes in the research and production of high-precision harmonic reducers, which are widely used in robotics, aerospace, semiconductor manufacturing, and industrial automation.

In 2025, the company held about 26 percent of China's domestic market, ranking second nationwide, with its output value reaching 302 million yuan ($44.45 million).

Driven by strong in-house innovation, the company had secured 80 registered patents by April of this year, including 51 invention patents, earning it recognition as a national high-tech enterprise and a national-level little giant specializing in advanced manufacturing.