---
title: "Zhejiang Merchants Securities: Maintains \"Buy\" rating on JSHL, expected to benefit from the commencement of the Yaxia hydropower project"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/250092738.md"
description: "ZheShang Securities maintains a \"Buy\" rating on JSHL, believing that the company will benefit from the commencement of the Yaxia hydropower project. As a leading core component manufacturer in the construction machinery sector, JSHL is deeply engaged in the industry, providing one-stop electric/hydraulic solutions to assist construction machinery in operating efficiently in extreme environments. The company's main business in the excavator segment benefits from the industry's upward trend, while the non-excavator segment continues to expand. The linear drive project has entered mass production and has the potential to supply linear assemblies for humanoid robots"
datetime: "2025-07-25T07:54:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250092738.md)
  - [en](https://longbridge.com/en/news/250092738.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250092738.md)
generator: "portal-rs"
---

# Zhejiang Merchants Securities: Maintains "Buy" rating on JSHL, expected to benefit from the commencement of the Yaxia hydropower project

Zhejiang Merchants Securities research report points out that with the commencement of the Yaxia Hydropower Project, JSHL, as a leading core component in construction machinery, is expected to benefit. The company has deep roots in the construction machinery industry and can provide one-stop electric/hydraulic solutions to support efficient operations of various construction machinery in extreme environments. As a domestic leader in core components for construction machinery, it is poised to benefit. The main business of the excavator segment benefits from the industry's upward trend, while the non-excavator segment continues to expand, with linear drives creating a new growth pole. 1) By the end of 2024, the company's linear actuator project has entered the mass production stage. Planetary roller screws are a reliable linear joint solution with high barriers, accounting for nearly 20% of the total value of robots. Leading domestic manufacturers are expected to accelerate the adoption of linear joint solutions. The company has outstanding technology and deep manufacturing barriers, with the potential to supply linear assemblies for humanoid robots, which is expected to build a new growth pole. Maintain a "Buy" rating

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**