China Stock of the Day | Kabutaro & Friends

Shandong Daye <603278>, a maker of tire bead wire and steel cord, was the Chinese stock most talked about online on October 22, 2026.
Background: On the 22nd, the A-share market fell sharply, with the Shanghai Composite down 1.48% and the ChiNext Index down 4.37%, but humanoid robot stocks rose against the trend. Daye hit limit-up right after the open, marking its fifth consecutive limit-up since October 16. It closed at 14.51 yuan, with a market capitalization of 4.959 billion yuan. Attention focused on its subsidiary jointly developing "tendon rope" materials for humanoid robots with Beijing University of Posts and Telecommunications, and reports that Tesla announced the start of initial mass production of humanoid robots on the 21st also provided a tailwind. On the other hand, the company issued a risk warning announcement on the night of the 21st, explaining that its main business remains bead wire and similar products, and that its tendon rope products are not in mass production and generate no substantial revenue. It posted a net loss of 63.99 million yuan for January-June 2026.