Brief Introduction

Leaderdrive is a company mainly engaged in high precision reducer business since 2003. Leaderdrive concentrates on the development, production and sale of harmonic speed reducer with world-class production and inspection line. The company spends more than 20 million RMB on research and development annually, with the advanced technical strength, the company has established its R&D center and has a great partnership with universities and institutes domestically and overseas. At present, its R&D team consisting of more than 100 staff, including 6 doctors and more than 20 masters and has held more than 50 patents related to the precision speed reducer. The company is one of the chief drafters of Chinese national standards about speed reducer.

Leaderdrive produced and sold over 110,000 harmonic reducers in 2020, and occupying over 60% of domestic robot market shares. Besides, we have sold products overseas such as Europe and America, Japan and Korea, etc. In addition to standard products, Leaderdrive can provide customized services and products as required. To meet the sharp increase of demand for harmonic reducers. Leaderdrive initiated a 500,000 sets/year harmonious reducer workshop in 2018, intending to forge an intelligent and automatic harmonic reducer production line. The brand new factory opened in the fourth quarter of 2020. Leaderdive is estimated to realize a production capacity of 600,000 sets/year in total in the future. We will join hands with you to create a beautiful future of robots!

Company Overview

Full name Leader Harmonious Drive Systems Co.,Ltd
Abbreviations Leaderdrive
Code 688017
Founded 2011-01-13
Listing 2020-08-28
Domicile SuZhou
STAR Theme High-End Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.82 0.65 0.72
R&D expenditure as a % of operating revenue 11.10% 13.04% 11.39%
Operating Revenue 94.00 62.77 73.01
Net Income 81.27 57.75 63.99

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 94.00 62.77 73.01
Operating Costs 151.54 140.67 156.66
Operating Income 216.51 185.90 219.53
Pretax Income 94.35 63.00 73.42
Income Tax 13.08 5.24 9.43
Net Income 81.27 57.75 63.99

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 1,487.31 458.72 456.15
Non-current Assets-Total 311.74 268.72 179.10
Total Assets 1,799.06 727.44 635.25
Current Liabilities-Total 87.61 86.13 51.76
Non-current Liabilities-Total 38.71 12.14 12.39
Total Liabilities 126.33 98.28 64.16
Stockholder's Equity
Share Capital 1,489.27 526.97 526.97
Retained Profits 186.90 104.85 46.06
Minority interests -3.44 -2.66 -1.94
Total Owners' Equity 1,672.73 629.16 571.09

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 125.97 32.47 11.44
Net Cash Flows-Investing -577.12 -142.40 -124.48
Net Cash Flows-Financing 951.99 8.63 217.01

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
左昱昱 24.55 20.40%
左晶 24.55 20.40%
孙雪珍 12.27 10.20%
先进制造产业投资基金(有限合伙) 10.20 8.47%
上海谱润创业投资合伙企业(有限合伙) 7.20 5.98%
UBSAG 31.36 2.60%
雪湖资本(香港)有限公司-雪湖中国母基金-QFII 30.00 2.49%
摩根资产管理(新加坡)有限公司-摩根中国A股市场机会基金 28.67 2.38%
三峡金石(武汉)股权投资基金合伙企业(有限合伙) 21.25 1.76%
苏州方光二期创业投资合伙企业(有限合伙) 21.25 1.76%
As of 2021-03-31

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