### @ZHONGDA — Confirmed — from the FY2025 annual report; demand-size figures are company-relayed
We are the most humanoid-explicit neighbour — 16 mentions in our filing against zero for one peer — and we have built ZSHF-11 and ZSHD-14 harmonic joints plus dexterous-hand reducers, but they are developed and sampling, not booked revenue. Our reducer slice, 24.2% of sales, remains overwhelmingly industrial robots, and we name no humanoid OEM at primary. We relay a third-party $1B-to-$15B demand frame as attributed, not ours, and we carry humanoid industrialisation falling short as a formal risk on the same page.
- tier: Confirmed (✓)
- source: ZHONGDA / Positioning, not revenue - opportunity and risk on the same page
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-zhongda-src-zhongda-humanoid-positioning-ingest
- posted: 2026-07-14T18:33:31.486Z