Title: Xiaopeng Robotics Concept Stocks Ignite, Is Guangdong Hongtu the “Leading Foundry” or Stuck in the “Old Ox Dilemma”?
In the A-share market, there are always some stocks that work quietly like an “old ox”—slow to rise, painful to fall, but at critical moments, they are always remembered.Guangdong Hongtu (002101.SZ) is such a presence.
It silently engages in integrated die-casting for automobiles, referred to in the industry as the “first stock of Tesla die-casting in China”; it quietly secured parts orders for Xiaopeng humanoid robots, earning it the title of “new favorite in robotics concept stocks” among investors; it has also capitalized on the low-altitude economy trend, riding the wave of flying cars’ mass production. Yet, despite being a company that embodies countless concepts, its stock price seems to have hit the pause button—since 2025, the increase has been minimal, even underperforming the market.
Is this a “value lowland” or a “concept bubble”? Today, we will delve into the underlying issues of this “old ox of die-casting”.
1. From Automobiles to Robotics: Guangdong Hongtu’s “Cross-Border Ambition”
First, let’s mention a fact that many people may not know:Guangdong Hongtu is not only a core supplier of integrated die-casting for automakers like BYD, Xiaopeng, and GAC, but its subsidiary, “Guangdong Hongtu Intelligent Equipment Co., Ltd.”, has clearly laid out plans for robotics-related business.
According to public information, the company’s business scope includesintelligent manufacturing equipment, industrial robot system integration, etc. Although it has not yet disclosed which specific parts it supplies to Xiaopeng robots, from a technical perspective, integrated die-casting is one of the key processes for achieving lightweight and cost reduction in humanoid robots.
In other words:
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If humanoid robots are to be mass-produced in the future, they will also need “die-cast bodies”—and Guangdong Hongtu is already on this track.
This is not mere speculation. On May 8, 2025, Guangdong Hongtu’s stock hit the limit up, and the market generally interpreted it as a resonance of the dual concepts of “Xiaopeng Robotics + Integrated Die-Casting”. On that day, Xiaopeng Motors announced that its new G6 adopts front and rear integrated aluminum die-casting technology, and Guangdong Hongtu was listed among the core equipment suppliers for this technology.
More critically, the company plans to establish a wholly-owned subsidiary in Zhengzhou and acquire related assets from Lisenok, further strengthening its layout in the high-end die-casting field. This move is clearly aimed at expanding from automotive parts to robotics parts.
2. Bright Performance? Not So Fast, There Are “Pits” Behind the Numbers
Let’s take a look at a set of data:
- **Net profit attributable to shareholders for 2024 is 416 million yuan, a year-on-year decrease of 1.65%**;
- **Net profit for the first half of 2025 is 114 million yuan, a year-on-year decline of 34.08%**;
- Despite maintaining double-digit growth in revenue, profits continue to be under pressure.
Some are puzzled: “With sufficient orders, why is profit plummeting instead?”A netizen working in a factory, “Fighting Yu Qilin”, bluntly stated: “Integrated die-casting is actually not cost-effective; large molds have a short lifespan, maintenance is expensive, and quality control is difficult.”This highlights a pain point in the industry—advanced technology does not equal easy profitability.
Moreover, about 60% of Guangdong Hongtu’s customer structure consists of joint venture brands, and although domestic brands are growing, their gross profit margins are low. Additionally, only about 18% of revenue comes from exports, with some going to North America—this means that if the U.S. imposes tariffs, the export business will be the first to suffer.
So, does this company resemble a burdened old ox trudging forward? It has technology, orders, and concepts, but its profitability seems choked.
3. Market Sentiment is Divided: Some Shout “Great Ambitions”, Others Criticize “Stagnation”
Investor sentiment has already polarized.
Some shout: “I’ve held Hongtu for three years, finally waiting for the robotics boom!“while others angrily retort: “Breaking through previous highs only to crash, with no one following the sell-off, is there any hope for this stock?“
Interestingly, the “few accounts that uniformly promote the stock” are suspected to be linked to the company’s secretary, Liao Jian, with reports of “posting at night and deleting posts during the day”, raising suspicions: “Is the chairman personally involved in driving up the stock for unloading?”
On February 28, 2025,nearly 39.25 million restricted shares were unlocked, accounting for over 7% of the total share capital. That week, the stock price fluctuated violently, with many retail investors lamenting, “I’ve been buried.”
Even more lamentable is that despite the company repeatedly stating that “business transformation is progressing steadily”, the market seems unconvinced.After the first quarter report was released, the parts sector collectively surged, but Guangdong Hongtu was “left out in the cold”.As netizen “Mingyue Fangzhou” put it: “The selling pattern on the market shows that there’s not much following—indicating that the main force has left, leaving only retail investors to bid farewell to each other.“
4. The Future Deciding Factor: Robotics or Flying Cars?
Don’t forget, Guangdong Hongtu has another hidden identity—a participant in the low-altitude economy.
On October 24, 2025, Guangdong Province issued the “Policy to Support High-Quality Development of the Low-Altitude Economy”, clearly promoting the industrialization of eVTOL (electric vertical takeoff and landing aircraft). In Guangzhou’s Huangpu District, the world’s first flying car mass production factory is in trial production, with the first “land aircraft carrier” rolling off the line—this type of aircraft requires high-strength, lightweight die-cast components.
Can Guangdong Hongtu enter this track? No one knows.But it has already laid out a new factory in Zhengzhou, and the Guangzhou factory is expected to achieve an output value of 300-400 million, clearly not just for traditional automobiles.
Conclusion:Do you believe that “die-casting can change the world”? I don’t, unless it first changes your account balance.
Guangdong Hongtu holds three major trump cards:✅ Leading integrated die-casting technology✅ Tied to leading automakers like Xiaopeng and BYD✅ Potential entry into both robotics and low-altitude economy
But it also has three fatal flaws:❌ Profits continue to decline❌ Insufficient market confidence❌ Main funds have long been absent
The current question is:Are you willing to be a long-term believer waiting for “value return”, or will you choose to exit and seek the next opportunity?
Let’s see the truth in the comments.I’ll be blunt:
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If you are still holding Guangdong Hongtu hoping for “great ambitions”, you may not be investing, but donating money.
Disagree? Let’s debate.The one with the most likes will have a separate article written next week titled “The Logic That Can Turn Your Situation Around”.—Let’s see if we’ve all been fooled by the market, or if you truly understand what others cannot.