Yulong (Shing Hsing) to Launch Robot Reducer Lineup in Q4
18 April 2025 · Uncategorized ·
Source: · https://finance.technews.tw/2025/04/18/tuf-one-ai/
Today, the new factory of Yulong Technology (宇隆科技), a subsidiary of Shing Hsing Industry Co., Ltd. (伸興工業), was officially inaugurated at Taichung Port. Chairman Liu Zhunchang stated that despite uncertainties stemming from Trump tariffs this year, all four major product lines are striving for continuous growth and will target key components used in humanoid robot rotations. The company expects to formally launch harmonic reducers and planetary reducers at the Nuremberg Exhibition (德國紐倫堡展會) in Germany during Q4.
Chairman Lin Zhicheng emphasized that Shing Hsing would deepen its focus on electromechanical integration and precision machinery processing applications, including electric bicycles, EVs, AI servers, and robotics markets. Through resource consolidation and collaborative division of labor mechanisms, the company aims to expand into a more diversified industrial market layout, effectively enhancing Yulong’s technical strength, competitiveness, long-term operational momentum, and creating a forward-looking development blueprint for Shing Hsing Group.
Three years ago, based on continuously expanding business territory, Yulong Technology transitioned towards a professional management model. Following extensive discussions with Shing Hsing's operating team, it was confirmed that both parties shared consistent operational philosophies; consequently, Shing Hsing became the largest shareholder of Yulong and secured more than half its board seats.
Liu Zhunchang noted that in terms of automotive parts, bicycle components, medical products, and expanding business cooperation with existing customers, the TUF ONE planetary reducer series demonstrates outstanding performance. Addressing recent global industrial chain restructuring and tariff policy changes—challenges which Shing Hsing Group has proactively prepared for while maintaining a cautious response to minimize operational impact.
Although uncertainties persist this year due to Trump tariffs, Yulong’s four major product lines are striving for continuous growth. The first new bicycle component is expected to contribute revenue; after experiencing a low point in 2023, Q1 saw strong demand and the company remains relatively optimistic about 2025 with anticipated moderate growth.
Liu Zhunchang pointed out that medical products experienced high demand in 2024, leading to a slowdown this year’s first quarter; future orders will be closely monitored. Automotive parts remain strategically stable due to existing client collaborations and are considered the basic foundation of operations. Industrial applications declined last year but new projects are under development with expectations for growth next year.
Liu Zhunchang emphasized that Yulong has entered its own brand liquid cooling quick connectors (UQD) and planetary reducers, with UQD having passed customer certification and existing orders secured for the latter; this is expected to be a breakout year. Regarding humanoid robot key parts, harmonic reducers and planetary reducers will officially debut at the Nuremberg Exhibition in Germany during Q4 but are not anticipated to contribute revenue this year.
Yulong’s shareholders meeting on May 29th will elect six directors and three independent directors. Negotiations between two major shareholders Shing Hsing Industry Co., Ltd. (伸興工業) and Cheng Tai Group (程泰集團) over director election seats proved unsuccessful, prompting Shing Hsing to increase its stake in Yulong up to 26.06%, surpassing Cheng Tai’s approximately 20%—a move that instills confidence regarding the candidate list.
The core operating team remains highly professional and includes original management such as Lin Zhicheng (Chairman of Shing Hsing), Liu Dongliang, Cai Chongting, and Yulong Chairman Liu Zhunchang. The company is also inviting candidates like Tsai Ming-tung, general manager of Yu Long, financial expert Zhou Junshen, strategy director for Shing Hsing.
Cheng Tai Group Chairman Yang Dehua resigned from the board position and was replaced by his son, Yang Chengjun; a candidate list including him and daughter Yang Shuhan (General Manager of Cheng Tai), second son Yang Shangruu (亞崴總經理) along with Si Qingxing, Wang Chenguang, Luo Lieying are being considered for three independent directors Xue Fusheng, Jue Wenyu, Yi Changyun.
Regarding operational outlook, Lin Zhicheng noted that Shing Hsing maintains a cautious view and the six core businesses—sewing machines, automotive parts, bicycle components, medical products, industrial applications, and the TUF ONE brand—all demonstrate steady order-taking momentum with good visibility in orders, injecting stable growth for both companies. The company is also adopting a three-base multiple market strategy to improve overall manufacturing efficiency.
Lin Zhicheng pointed out that 74% of American home sewing machine shipments originate from Vietnam; the remaining are shipped by Taiwan, China, and Thailand. Shing Hsing’s North America share currently stands at approximately 10-15%, with production primarily located in Vietnamese factories where most components are also produced locally.
Chairman Lin Zhicheng emphasized that Shing Hsing would deepen its focus on electromechanical integration and precision machinery processing applications, including electric bicycles, EVs, AI servers, and robotics markets. Through resource consolidation and collaborative division of labor mechanisms, the company aims to expand into a more diversified industrial market layout, effectively enhancing Yulong’s technical strength, competitiveness, long-term operational momentum, and creating a forward-looking development blueprint for Shing Hsing Group.
Three years ago, based on continuously expanding business territory, Yulong Technology transitioned towards a professional management model. Following extensive discussions with Shing Hsing's operating team, it was confirmed that both parties shared consistent operational philosophies; consequently, Shing Hsing became the largest shareholder of Yulong and secured more than half its board seats.
Liu Zhunchang noted that in terms of automotive parts, bicycle components, medical products, and expanding business cooperation with existing customers, the TUF ONE planetary reducer series demonstrates outstanding performance. Addressing recent global industrial chain restructuring and tariff policy changes—challenges which Shing Hsing Group has proactively prepared for while maintaining a cautious response to minimize operational impact.
Although uncertainties persist this year due to Trump tariffs, Yulong’s four major product lines are striving for continuous growth. The first new bicycle component is expected to contribute revenue; after experiencing a low point in 2023, Q1 saw strong demand and the company remains relatively optimistic about 2025 with anticipated moderate growth.
Liu Zhunchang pointed out that medical products experienced high demand in 2024, leading to a slowdown this year’s first quarter; future orders will be closely monitored. Automotive parts remain strategically stable due to existing client collaborations and are considered the basic foundation of operations. Industrial applications declined last year but new projects are under development with expectations for growth next year.
Liu Zhunchang emphasized that Yulong has entered its own brand liquid cooling quick connectors (UQD) and planetary reducers, with UQD having passed customer certification and existing orders secured for the latter; this is expected to be a breakout year. Regarding humanoid robot key parts, harmonic reducers and planetary reducers will officially debut at the Nuremberg Exhibition in Germany during Q4 but are not anticipated to contribute revenue this year.
Yulong’s shareholders meeting on May 29th will elect six directors and three independent directors. Negotiations between two major shareholders Shing Hsing Industry Co., Ltd. (伸興工業) and Cheng Tai Group (程泰集團) over director election seats proved unsuccessful, prompting Shing Hsing to increase its stake in Yulong up to 26.06%, surpassing Cheng Tai’s approximately 20%—a move that instills confidence regarding the candidate list.
The core operating team remains highly professional and includes original management such as Lin Zhicheng (Chairman of Shing Hsing), Liu Dongliang, Cai Chongting, and Yulong Chairman Liu Zhunchang. The company is also inviting candidates like Tsai Ming-tung, general manager of Yu Long, financial expert Zhou Junshen, strategy director for Shing Hsing.
Cheng Tai Group Chairman Yang Dehua resigned from the board position and was replaced by his son, Yang Chengjun; a candidate list including him and daughter Yang Shuhan (General Manager of Cheng Tai), second son Yang Shangruu (亞崴總經理) along with Si Qingxing, Wang Chenguang, Luo Lieying are being considered for three independent directors Xue Fusheng, Jue Wenyu, Yi Changyun.
Regarding operational outlook, Lin Zhicheng noted that Shing Hsing maintains a cautious view and the six core businesses—sewing machines, automotive parts, bicycle components, medical products, industrial applications, and the TUF ONE brand—all demonstrate steady order-taking momentum with good visibility in orders, injecting stable growth for both companies. The company is also adopting a three-base multiple market strategy to improve overall manufacturing efficiency.
Lin Zhicheng pointed out that 74% of American home sewing machine shipments originate from Vietnam; the remaining are shipped by Taiwan, China, and Thailand. Shing Hsing’s North America share currently stands at approximately 10-15%, with production primarily located in Vietnamese factories where most components are also produced locally.