Humanoid robot data collection draws attention as Asia-Pacific Co.’s profit grows faster than revenue
Guosheng Securities is optimistic about humanoid robot data collection and onboard perception; Guotai Haitong Securities is focused on Asia-Pacific Co.’s cost reduction and efficiency gains, electromechanical braking technology, and overseas production capacity plans.
Original source：财联社First published on Unhidea：Original source date：
Key takeaway
Expectations of mass production of robots have increased interest in data collection and sensing components. Meanwhile, Asia-Pacific Co. improved profitability through product mix optimization and cost reductions while revenue remained broadly flat.
Why are expectations of mass robot production driving demand for data collection?
Humanoid robots are moving from prototype validation toward mass production at scale, and the supply of high-quality real-world physical interaction data has become a central constraint on the development of embodied intelligence.
As of early 2026, approximately 500 thousand hours of real-world physical interaction data were available globally for compliant use, less than one twenty-thousandth of the training data for large language models. Data collection records human demonstration movements, while onboard perception provides real-time feedback for robot interaction and motion control.
Which component segments are attracting institutional attention?
In motion capture, inertial motion capture has become the mainstream approach because it places few constraints on the setting, allows a high degree of freedom of movement, is unaffected by lighting and has relatively low hardware costs. Robots use vision, lidar, force and tactile sensors, and inertial measurement units (IMUs) together for perception.
Zhang Yiming of Guosheng Securities is optimistic about key segments where a large share of components is installed on each robot and component performance has a significant impact on the quality of collected data. These include upstream supplier MEMSensing Microsystems, as well as IMU-related companies Shanghai Huayi Technology and Hi-Target. Application model development and the quality and quantity of data remain factors affecting the industry’s development.
Why did Asia-Pacific Co.’s profit grow while revenue remained broadly flat?
In the third quarter of 2026, Asia-Pacific Co.’s total operating revenue was 1.38 billion yuan, up 0.5% year on year. Net profit attributable to shareholders was 160 million yuan, up 26.8% year on year and 28.5% quarter on quarter. Its net profit margin rose 2.5 percentage points year on year to 11.8%.
The company optimized its product mix and pursued internal cost reductions, efficiency gains and process improvements. Its product gross margin rose year on year, helping it manage price-cutting pressure. Liu Yiming of Guotai Haitong Securities is optimistic about the effectiveness of these measures.
How are Asia-Pacific Co.’s new technology and overseas production capacity progressing?
Several vehicle models equipped with the company’s electromechanical braking (EMB) technology have completed winter standard tests in Heihe. The timing of mass production depends on customers’ project plans. The company also plans to build a production base in Morocco, expected to begin operation in 2027, to move closer to international markets and improve supply efficiency.
Liu Yiming forecasts net profit attributable to shareholders of 641 million, 770 million and 950 million yuan for 2026 through 2028, respectively. Liu assigns a 15 times price-to-earnings multiple for 2026, corresponding to a target price of 13.01 yuan. Raw material prices, automotive market conditions and progress in new product development are the main risks.
