两部门：拟鼓励大型网络平台服务提供者开展个人信息保护相关技术、产品、服务创新 ★ 宏观动态 ★ 《大型网络平台个人信息保护规定（征求意见稿）》公开征求意见 国家互联网信息办公室、公安部就《大型网络平台个人信息保护规定（征求意见稿）》公开征求意见。征求意 见稿提出，大型网络平台服务提供者应当将在中华人民共和国境内运营中收集和产生的个人信息存储在境内。 确需向境外提供的，应当符合国家数据出境安全管理有关规定。大型网络平台服务提供者应当按照国家有关规 定，健全个人信息出境安全相关技术和管理措施，及时防范、处置个人信息违法违规出境安全风险和威胁。 国家互联网信息办公室、公安部就《大型网络平台个人信息保护规定（征求意见稿）》公开征求意见。征求意 见稿提出，鼓励大型网络平台服务提供者开展个人信息保护相关技术、产品、服务创新，积极参与个人信息保 护相关国际标准和规则制定，推动与其他国家、地区之间的个人信息保护规则、标准协调互认。 江西上饶将暂停实施汽车报废更新、电动自行车以旧换新补贴活动 上饶市商务局11月21日公告，自2025年11月23日24时开始，汽车报废更新、电动自行车以旧换新补贴活动暂停 实施。此前已购买新车的（ ...

Investment Rating - The investment rating for the company is "Buy" [4] Core Insights - The company achieved revenue of 1.255 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 18.70%, and a net profit attributable to shareholders of 181 million yuan, up 13.86% year-on-year [1][4] - In Q3 2025 alone, the company reported revenue of 469 million yuan, a year-on-year increase of 13.65% and a quarter-on-quarter increase of 11.83%, with a net profit of 68 million yuan, reflecting a year-on-year growth of 4.01% and a quarter-on-quarter growth of 16.04% [1][4] - The company is strengthening its core business, with micro drive systems generating revenue of 498 million yuan in H1 2025, up 20.51% year-on-year, and precision injection molding parts achieving revenue of 239 million yuan, up 16.25% year-on-year [2] - The company is actively expanding into the smart automotive sector, establishing long-term partnerships with major clients such as Bosch, BYD, and Li Auto, and is also focusing on consumer and medical technology applications [2] - The company is making breakthroughs in high-end applications of intelligent robotics, with the launch of innovative dexterous hand technologies that feature multiple degrees of freedom and advanced sensing capabilities [3] Financial Performance Summary - For 2025, the company is projected to achieve net profits of 261 million yuan, 331 million yuan, and 443 million yuan for the years 2025, 2026, and 2027 respectively, with year-on-year growth rates of 15.9%, 26.8%, and 33.8% [3] - The earnings per share (EPS) are expected to be 1.08 yuan, 1.37 yuan, and 1.84 yuan for the years 2025, 2026, and 2027 respectively [3] - The company's revenue is forecasted to grow from 1.870 billion yuan in 2025 to 2.956 billion yuan in 2027, with growth rates of 22.6% and 26.8% [7]

11月22日消息，中国证监会国际合作司发布关于深圳市兆威机电股份有限公司、迈威（上海）生物科技 股份有限公司境外发行上市备案通知书，兆威机电拟发行不超过69,058,450股境外上市普通股并在香港 联合交易所上市。迈威生物拟发行不超过62,664,600股境外上市普通股并在香港联合交易所上市。(金十 数据APP) ...

针对发行时限，通知书特别指出，若兆威机电在自本通知出具之日起12个月内未能完成境外发行上市， 拟继续推进相关工作的，应当重新更新备案材料。证监会同时强调，本次备案仅为对企业境外发行上市 备案信息的确认，不构成对该公司证券投资价值、投资者收益的实质性判断或保证，亦不对备案材料的 真实性、准确性、完整性作出实质性认定。 此次备案的完成，标志着兆威机电H股发行上市工作取得阶段性进展，为其拓展国际资本市场融资渠道 奠定了监管基础。 2025年11月19日，中国证监会国际合作司发布备案通知书，对深圳市兆威机电股份有限公司（以下简 称"兆威机电"）境外发行上市事项予以备案确认。 根据备案文件内容，兆威机电拟发行不超过69,058,450股境外上市普通股，计划在香港联合交易所实现 上市。证监会在通知书中明确三项核心要求：一是自备案通知书出具之日起至发行上市结束前，公司若 发生重大事项，须通过证监会备案管理信息系统及时报告；二是完成发行上市后15个工作日内，需通过 该系统报送发行上市情况；三是发行过程中必须严格遵守境内外相关法律法规及监管规则。 来源：新浪港股-好仓工作室 声明：市场有风险，投资需谨慎。 本文为AI大模型基于 ...

Key Points - The mechanical sector has seen a significant increase of 30.12% as of November 20, 2025, outperforming the CSI 300 index by 14.11 percentage points, ranking 6th among 30 sectors [5][14]. - The lithium battery equipment, basic components, and semiconductor equipment sub-sectors have shown strong growth, with increases of 103.2%, 58.93%, and 48.05% respectively [5][14]. - The report maintains a "stronger than market" investment rating for the mechanical industry, highlighting a new investment cycle and growth opportunities [5][6]. Mechanical Sector Performance - As of November 20, 2025, the mechanical sector's price-to-earnings ratio stands at 36.1, placing it in the 70.5 percentile of its 10-year historical range, indicating a higher valuation compared to historical averages [19][20]. - Among 632 listed companies in the mechanical sector, 549 have seen stock price increases in 2025, with a median increase of 30.23% [21][24]. New Recovery Cycle: Traditional Machinery Upgrading - The engineering machinery sector is entering a new equipment renewal cycle starting in 2025, driven by the aging of existing equipment and export expansion [25][28]. - Major products in the engineering machinery sector, such as excavators and loaders, have shown positive sales growth, with excavator sales reaching 192,135 units in the first ten months of 2025, a 17% year-on-year increase [28][29]. - The internationalization of engineering machinery is accelerating, with exports becoming a significant growth driver, as evidenced by excavator exports accounting for 53.21% of total sales in October 2025 [40][43]. New Technology Growth: Emerging Industries - The humanoid robot sector is experiencing a recovery, with mass production expected to drive significant market expansion [7][20]. - The AIDC (Automatic Identification and Data Capture) equipment sector is poised for rapid growth, benefiting from the fast development of the artificial intelligence industry [9][27]. - The lithium battery equipment sector is witnessing a rebound, with leading companies like Xian Dao Intelligent expected to benefit from the growing demand for solid-state battery equipment [9][35]. Investment Ratings and Key Targets - The report recommends key companies in the engineering machinery sector, including SANY Heavy Industry and XCMG, as primary investment targets due to their strong performance and growth potential [5][54]. - The focus on core components such as pumps, valves, and hydraulic cylinders is also emphasized as part of the investment strategy [54].

深圳市兆威机电股份有限公司 投资者关系活动记录表 证券代码：003021 证券简称：兆威机电 编号：2025-006 A：尊敬的投资者，您好！当前公司基本面向好，生产经营正常， 各项工作有序开展。二级市场的股票价格受到宏观经济环境、公 司所属行业、市场情绪、投资者预期等多方面因素的影响，公司 密切关注二级市场股价走势，也请广大投资者注意投资风险。感 谢您的关注! Q7：为什么两个月了股价一直创新低，公司是否有市值管理计 划？ A：尊敬的投资者，您好！公司始终专注于提升经营质量和核心 竞争力，推动业绩稳定增长，为投资者创造长期价值。公司重视 市值管理，坚持做好信息披露质量、投资者关系管理。感谢您的 关注！ Q8：目前对于灵巧手的订单如何，市占率如何。 A：尊敬的投资者，您好！公司密切关注行业市场动态和技术发 展趋势，紧跟客户需求，把握市场机遇。感谢您的关注！ Q9：你好董秘，兆威机电预计多久能在港交所上市，有没有明 确的时间节点。 A：尊敬的投资者，您好！公司 H 股上市正常推进过程中，后续 如有进展需要披露，公司将及时在交易所指定网站披露相关内 | | 特定对象调研 □分析师会议 | | --- | --- ...

本次调研核心结论显示：人形机器人已从研发阶段迈入交付验证期，2026年将迎来规模化落地关键节 点，但工作效率与技术收敛性仍是核心挑战。 大摩认为，产业链中，核心零部件及专业机器人企业将率先受益，重点推荐汇川技术（300124）与极智 嘉。 大摩对人形机器人的调研又来了。 摩根士丹利于11月完成亚太地区人形机器人产业链专项调研，重点走访Fortior(1304.HK)、兆威机电 （003021）(003021.SZ)、优必选(9880.HK)等6家核心企业，聚焦订单交付进度、应用场景反馈、技术迭 代方向及产业链盈利逻辑。 01 行业核心趋势：交付启动，验证为王 2026年增长预期明确，交付规模将大幅提升 头部企业已明确2026年扩张目标，行业产能与需求双升态势显著。优必选2025年人形机器人交付量预计 达500台，营收约4亿元(全年订单量已达8亿元)，2026年交付目标进一步提升至2000-3000台。 专业机构Paxini预测，2026年具备实际工作能力的人形机器人(剔除研发及娱乐用途)行业总量将突破1万 台。零部件企业同步受益，兆威机电人形机器人相关灵巧手业务营收预计从2025年的2000-3000万元增 ...

证券日报网讯兆威机电（003021）11月19日在互动平台回答投资者提问时表示，兆威机电致力于构建开 放的灵巧手技术生态，携手合作伙伴协同创新，共同推进灵巧手相关技术的应用与突破。 ...

前言 《电报解读》是一款主打时效性和专业性的即时资讯解读产品。侧重于挖掘重要事件的投资价值、分析 产业链公司以及解读重磅政策的要点。即时为用户提供快讯信息对市场影响的投资参考，将信息的价值 用专业的视角、朴素的语言、图文并茂的方式呈现给用户。 ①人形机器人+柔性皮肤，与兆威机电深度合作，电子皮肤产品已获批量订单并实现供货，这家公司即将 发布集成大模型的新一代柔性传感系统； ②超聚变+华为昇腾，与超聚变共推AI知识库一体机，打造自有 品牌昇腾大模型一体机，这家公司深度绑定国产算力与英伟达生态。 ...

Core Viewpoint - The company has signed a strategic cooperation memorandum with Zhaowei Electromechanical at their conference, focusing on the development of a new generation of flexible robotic hands using third-generation materials [1] Group 1 - The upcoming third-generation flexible sensing product integrates flexible sensing, chips, algorithms, and large models, achieving multiple core technological breakthroughs [1] - The new product is designed to provide a "mass-producible and cost-effective" system solution [1]