Longxi Co., Ltd. (600592) Limit-Up Analysis on November 21, 2025: Driven by Humanoid Robots and Governance Optimization

Longxi Co., Ltd. (600592) is a leading domestic joint bearing enterprise with a market share exceeding 75% [0]. It hit the limit-up on November 21, 2025, closing at 25.2 yuan with a sealed order fund of 75.7235 million yuan [0]. The limit-up driving factors include: 1) Supply of humanoid robot core components (supplying to Tesla, Zhiyuan and other enterprises [0]); 2) Governance structure optimization (intensively revised multiple governance systems [0]); 3) High-end product breakthroughs (applied in C919 large aircraft, etc. [0]) and newly appointed executives [3]. Technically, the stock price broke through the 5-day moving average with a deviation rate of 6.27% [4], indicating a short-term upward trend.

The acceleration of humanoid robot industrialization brings new growth points for the company: its joint bearing products have entered the supply chain of leading enterprises like Tesla [2], benefiting from the growing demand for core components of humanoid robots. Governance optimization and high-end product breakthroughs form dual positive factors: the company is in a critical period of governance structure adjustment [0], while high-end products expand applications in military aerospace [2], enhancing long-term competitiveness.

: Q3 revenue decreased by 29.54% YoY, net profit decreased by 48.45% [0], short-term performance pressure; significant structural differentiation in general equipment sector [0], stable industry overall performance may limit valuation improvement.
: Under the expected outbreak of the humanoid robot market, the company as a core component supplier is expected to enjoy valuation premium (institutions predict a 40x PE [0]); application expansion in military aerospace opens up growth space [2].

Longxi Co.'s limit-up reflects the market’s recognition of its layout in humanoid robots and high-end manufacturing. Despite short-term performance differentiation, in the long run, core business advantages, expansion into emerging fields, and governance optimization provide growth momentum for the company. Investors need to pay attention to the progress of performance improvement and the industrialization implementation of humanoid robots.