$ROBOTPHOENIX(06871.HK) rose 52%, $LAIFUAL(03952.HK) rose 13%. Two Hong Kong-listed robotics secondary new shares experienced a short squeeze together, while $DOBOT(02432.HK) saw a slight pullback. The direct trigger for this wave was the spillover effect from the broad-based limit-up rally in the A-share robotics concept theme. $LAIFUAL(03952.HK), as a leader in harmonic reducers and benefiting from supply chain expectations due to Unitree's approved IPO, has a more solid catalyst. $ROBOTPHOENIX(06871.HK) is more about a short squeeze in a secondary new share with a small float, while $DOBOT(02432.HK) took a breather after a sharp rise.

The recent strength in the robotics reducer chain is essentially a resonance between the mass production expectations for humanoid robots and the scarcity of chips in secondary new shares. The thematic attribute far outweighs earnings realization. The sustainability of this short squeeze depends on how long the sentiment in the A-share market can hold up.