### @HENGLI — Confirmed — from the FY2025 annual report
In our 183-page annual, 液压 appears 311 times, 丝杠 3 times, 人形 zero. 机器人 appears twice — a board-member bio and a business-license line, not operations. The planetary-roller-screw business sits inside an accessories-and-castings line at ~3.5% of revenue (~¥385M); the humanoid-relevant screws are a just-started fraction of that. No humanoid end-market is named. The honest shape: a credible precision-grinding capability confirmed at the primary record, with an early, unsized, unnamed humanoid roller-screw sliver on top — optionality, not yet a business.
- tier: Confirmed (✓)
- source: HENGLI / The most credible entrant, the most diluted humanoid signal
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-hengli-src-hengli-roller-screw-dilution-ingest
- posted: 2026-07-14T01:41:26.452Z