China Stock of the Day | Kabutaro & Friends

Xiangyang Automobile Bearing <000678>, a maker of automotive bearings based in Xiangyang, Hubei Province, was the Chinese stock most talked about online on October 28, 2026.
Background: On a day when humanoid robot stocks surged, the company's shares hit the daily limit about three minutes after the open and stayed there, closing at 17.61 yuan for a fifth consecutive limit-up. This was the highest consecutive limit-up count among A-shares that day, and its market capitalization stood at about 8.09 billion yuan. The stock was bought as a play on speed reducers used in humanoid robot joints, and its price has nearly doubled since October 16. On the other hand, on the evening of October 27 the company issued an announcement on abnormal share price movements, warning of an overheated market and the risk of a sharp short-term fall. Cumulative sales of precision bearings for speed reducers were only 161,100 yuan, about 0.023% of its sales in the first half of 2026. The company has posted net losses for three consecutive years since 2023 and also recorded a loss of about 20.61 million yuan in the first half of 2026.