Guotai Haitong Securities: Initiates coverage on Luoshi Robotics (03752.HK) with "Overweight" rating; a leading enterprise in industrial and collaborative robots.

Zhitong Finance APP has learned that Guotai Haitong Securities issued a research report stating that it is estimated that Luoshi Robotics (03752.HK) will achieve revenue of RMB 1.088/1.810/2.890 billion in 2026-2028. With reference to comparable companies, using 2028 as the valuation base year, and combining PE and PS valuations, the company is given a target price of HKD 60.49 and an "Overweight" rating; the bank believes that Luoshi Robotics is a leading domestic enterprise in industrial and collaborative robots. Benefiting from the ramp-up of its embodied intelligence business, revenue in 2026H1 grew rapidly, economies of scale emerged, and an earnings inflection point began to appear.