"深圳需要年轻人接续奋斗，共同创造出让世界刮目相看的新的更大奇迹。" 宝安讲好"身边人的闪光故事" 深圳商报记者 吴素红 兆威机电（003021），如何从800平方米小厂成长为全球微型传动领域标杆；即将开业的前海冰雪世 界，如何开启大湾区文旅新体验；九三阅兵的现场，带来怎样的震撼与使命感…… 9月12日，宝安区2025年"新时代 我来讲"理论宣讲活动在宝安青少年宫梦剧场举行。 在这场以"'十'现美好 宝安'新'答卷"为主题的理论宣讲活动中，宝安以"身边人的闪光故事"，回答新时 代的发展之问。 勾勒宝安奋斗群像 本次宝安"新时代 我来讲" 在嘉宾邀请上，构建起"老一辈建设者+新青年+前沿产业代表"的多元阵容， 邀请不同身份、不同领域的讲述者同台发声。 全国道德模范、中建钢构首席专家陆建新作为三届宣讲人重返舞台，带来《一份匠心 一座新城》的讲 述。就在不久前，陆建新受邀参加了在北京举办的九三阅兵，现场让这位特区建设者既感动又震撼。 与陆建新代表的特区"探路者（300005）"形成呼应的，是一群充满活力的宝安新青年。 活动现场，2位青年代表、4位"新时代 青年说"获奖选手，从不同视角分享了他们与宝安共同成长、奔 赴 ...

投资要点： 分业务：微型传动系统毛利率27.61%，同比下降1.89 个百分点；精密零件毛利率43.79%，同比上升5.82 个百分点。 公司2025 年上半年营业收入7.87 亿元，同比增长21.93%；归母净利润1.13 亿元，同比增长20.72%；扣 非归母净利润9669.75 万元，同比增长33.39%。业绩实现了较快增长。 分业务看： 1） 微型传动系统营业收入4.98 亿，同比增长20.51%，占营业收入63.25%； 2） 精密零件营业收入2.39 亿，同比增长16.25%，占营业收入30.44%；3） 精密模具及其他营业收入0.5 亿，同比增长88.52%，占营业收入6.31%； 毛利率稳中有升，盈利能力稳步提升 2025 年中报公司毛利率为31.97%、同比增长0.74 个百分点；净利率为14.4%，同比下降0.14 个百分点； 扣非净利率12.29%，同比上升1.05 个百分点。毛利率、扣非净利率上升的主要原因是：1）公司精密零 件业务毛利率上升了5.82 个百分点，综合毛利率有小幅升；2）规模效应明显，期间费用小幅下降，尤 其是研发费用率下降了1.48 个百分点。 兆威机电发布2025 ...

Investment Rating - The report assigns a rating of "Accumulate" to the company, indicating an expected relative increase of 5% to 15% compared to the CSI 300 index over the next six months [28]. Core Views - The company has demonstrated rapid growth in performance, with a revenue of 787 million yuan in the first half of 2025, representing a year-on-year increase of 21.93%. The net profit attributable to shareholders reached 113 million yuan, up 20.72% year-on-year, while the net profit excluding non-recurring items was 96.7 million yuan, reflecting a growth of 33.39% [7][8]. - The demand for micro transmission systems is rapidly increasing, driven by developments in the automotive electronics and humanoid robotics sectors [8][10]. - The company has established long-term partnerships with key clients in the automotive industry, including Bosch, BYD, and Li Auto, and has made significant progress in providing precision components and transmission systems for various automotive applications [10][12]. Financial Performance - The gross margin for the first half of 2025 was 31.97%, an increase of 0.74 percentage points year-on-year, while the net profit margin was 14.4%, a slight decrease of 0.14 percentage points. The net profit margin excluding non-recurring items improved by 1.05 percentage points to 12.29% [9]. - Revenue breakdown by business segment shows that micro transmission systems generated 498 million yuan, accounting for 63.25% of total revenue, with a year-on-year growth of 20.51%. Precision components contributed 239 million yuan, growing 16.25%, while precision molds and others saw a significant increase of 88.52% to 50 million yuan [11]. Industry Trends - The rapid development of new energy vehicles and artificial intelligence is catalyzing demand in the industry, with the market for micro transmission and micro drive systems expanding significantly [10][12]. - The company is leveraging its strengths in precision planetary gear reducers and has made breakthroughs in humanoid robotics, positioning itself to benefit from the growth of the humanoid robotics industry [12][13]. Earnings Forecast and Valuation - The company is projected to achieve revenues of 1.866 billion yuan, 2.34 billion yuan, and 2.977 billion yuan for the years 2025, 2026, and 2027, respectively. Corresponding net profits are expected to be 273 million yuan, 355 million yuan, and 465 million yuan, with price-to-earnings ratios of 114.71X, 88.25X, and 67.39X [14][15].

9月12日，兆威机电涨5.19%，截至发稿，报137.15元/股，成交14.49亿元，换手率5.21%，总市值329.43 亿元。 资料显示，深圳市兆威机电股份有限公司位于广东省深圳市宝安区燕罗街道燕川社区燕湖路62号办公楼 101,香港铜锣湾希慎道33号利园1期19楼1910室，成立日期2001年4月19日，上市日期2020年12月4日， 公司主营业务涉及微型传动系统、精密注塑件和精密模具的研发、生产与销售。主营业务收入构成为： 微型传动系统63.25%，精密零件30.44%，精密模具及其他产品6.31%。 责任编辑：小浪快报 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模649.53亿。今年以来收益25.52%，同 类排名1878/4222；近一年收益66.59%，同类排名1276/3800；成立以来收益11.08%。 南方中证1000ETF（512100）基金经理为崔蕾。 截至发稿，崔蕾累计任职时间6年311天，现任基金资产总规模949.76亿元，任职期间最佳基金回报 137.65%， 任职期间最差基金回报-18.89%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型 ...

Market Overview - The electric motor sector increased by 3.25% compared to the previous trading day, with Wolong Electric leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Top Performers - Wolong Electric (600580) closed at 46.15, up 10.01% with a trading volume of 2.3722 million shares and a transaction value of 1.0657 billion [1] - Ocean Motor (002249) closed at 9.28, up 9.95% with a trading volume of 1.6612 million shares and a transaction value of 1.504 billion [1] - Zhaowei Electromechanical (003021) closed at 136.00, up 4.31% with a trading volume of 196,800 shares and a transaction value of 2.670 billion [1] Underperformers - Sanxie Electric (920100) closed at 84.12, down 4.85% with a trading volume of 48,000 shares and a transaction value of 417 million [2] - Huaxin Precision (603370) closed at 52.48, down 3.81% with a trading volume of 85,700 shares and a transaction value of 458 million [2] Capital Flow - The electric motor sector saw a net inflow of 1.966 billion from main funds, while retail funds experienced a net outflow of 569 million [2][3] - Wolong Electric had a main fund net inflow of 1.873 billion, but retail funds saw a net outflow of 571 million [3] - Ocean Motor had a main fund net inflow of 423 million, with retail funds experiencing a net outflow of 202 million [3]

Market Overview - A-shares experienced slight fluctuations in early trading, with the Shanghai Composite Index reaching a nearly 10-year high and the Shenzhen Component Index touching 13,000 points for the first time in three years [1] - The market showed a mild increase in trading volume, with sectors such as electric motor manufacturing, industrial metals, cultivated diamonds, and communication engineering leading the gains, while glass fiber, agricultural product processing, gaming, and medical beauty sectors saw declines [1] Robotics Sector - The robotics industry chain saw a strong performance, with the sector index rising over 4% to reach a historical high, led by electric motor manufacturing [2] - Notable stocks such as Dayang Electric and Wolong Electric achieved strong gains, with several companies like Zhaowei Electromechanical and Fangzheng Electric also performing well [2] - Human-shaped robots, reducers, and Tesla-related concepts also reached historical highs, with companies like Runjian Co., Xingsen Technology, and Bai Li Technology seeing significant increases [5] Human-shaped Robots - The Ministry of Industry and Information Technology announced that China has developed a complete manufacturing capability for human-shaped robots, with sales expected to exceed 10,000 units this year, representing a 125% year-on-year increase and accounting for about 50% of the global market [7] - Companies like Zhiyuan and UBTECH have secured orders for embodied human-shaped intelligent robots, while Yushu Technology is preparing for an IPO [7] - Morgan Stanley predicts that by 2030, China will have 252,000 human-shaped robots, increasing to 300 million by 2050, with a market growth rate of 63% annually [7] - Huolong Securities suggests that the human-shaped robot sector is entering a golden cycle of "technological breakthroughs → mass production cost reduction → scenario penetration," making it a core investment theme [7] Evergrande Property - Evergrande Property resumed trading after a brief suspension, surging over 40% at one point and closing with a gain of over 30%, with trading volume increasing from 31.28 million HKD to over 600 million HKD [8][10] - The Hang Seng Property Services Management Index also opened significantly higher, with several property service stocks following suit [10] - Evergrande Property announced that it is in preliminary discussions for potential share sales, with a projected revenue of approximately 6.647 billion CNY for the first half of 2025, a year-on-year increase of about 6.9% [13]

Core Viewpoint - The release of the "Power Equipment Industry Stabilization Growth Work Plan (2025-2026)" by three government departments is a significant positive development for the industry, aiming to ensure steady growth and quality improvement in the power equipment sector [1][7]. Summary by Sections Overall Requirements - The plan emphasizes the need to adhere to the new development philosophy, promote high-quality development, and support the green and low-carbon transition in the energy sector [8]. Main Goals - The primary objectives for 2025-2026 include maintaining an average revenue growth rate of around 6% for traditional power equipment, ensuring stable revenue growth for new energy equipment, and achieving a 10% average revenue growth rate for leading enterprises [5][9]. Work Measures - **Improving Equipment Supply Quality**: Focus on enhancing the supply level of power equipment through technological breakthroughs and innovation in key components [10]. - **Expanding Domestic Effective Demand**: Leverage major energy projects to stabilize demand for power equipment and promote the development of wind and solar energy projects [10]. - **International Market Expansion**: Strengthen cooperation with emerging market countries in the wind, solar, and energy storage sectors, encouraging enterprises to explore overseas markets [11]. - **Accelerating Equipment Promotion and Application**: Implement policies to support the promotion of innovative products in the power equipment sector [12]. - **Optimizing Industry Development Environment**: Foster a competitive environment and establish industry standards to enhance quality and service [12]. - **Strengthening Standard Support**: Improve the standard system in the power equipment sector to drive quality enhancement and equipment updates [13]. - **Promoting Green and Intelligent Transformation**: Integrate new information technologies with power equipment to enhance efficiency and sustainability [13]. - **Enhancing Industry Chain Collaboration**: Support advanced manufacturing clusters in the power equipment sector to stabilize industry growth [14]. Guarantee Measures - **Strengthening Organizational Support**: Encourage collaboration between departments and local governments to stabilize growth in the power equipment industry [15]. - **Enhancing Monitoring and Analysis**: Establish mechanisms for monitoring industry data and addressing growth challenges [15]. - **Reinforcing Financial and Tax Support**: Implement tax incentives and financial services to support the high-quality development of the power equipment sector [16].

A股三大指数11日早盘集体大涨，截至午盘，沪指涨1.12%，深成指涨2.63%，创业板指涨4.31%，北证 50指数涨1.49%，科创50指数涨5.34%。沪深京三市半日成交额14962亿元，较上日放量1934亿元。全市 场超3300只个股上涨。板块题材方面，CPO、PCB、半导体等算力硬件股领涨；贵金属、油气、旅游、 游戏、体育板块跌幅居前。盘面上，CPO、PCB、半导体等算力硬件股集体大涨，工业富联连续两日涨 停，海光信息触及20cm涨停创新高，寒武纪、中际旭创、新易盛多股涨超10%。机器人概念股表现活 跃，崇达技术、兆威机电、新时代封板涨停。6G、卫星通信概念股同样走高，东方通信、汇源通信、 星网锐捷涨幅居前。黄金股多数调整，西部黄金盘中跌超7%。旅游、影视院线等昨日上涨板块调整， 幸福蓝海跌超10%。 （来源同花顺，以上信息为南都·湾财社AI大数据自动生成） ...

9月11日，兆威机电涨5.03%，截至发稿，报124.49元/股，成交9.75亿元，换手率3.85%，总市值299.02 亿元。 截至发稿，张荫先累计任职时间1年324天，现任基金资产总规模14.25亿元，任职期间最佳基金回报 92.16%， 任职期间最差基金回报28.08%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，平安基金旗下1只基金重仓兆威机电。平安先进制造主题股票发起A（019457）二季度持有 股数53.26万股，占基金净值比例为4.06%，位居第三大重仓股。根据测算，今日浮盈赚取约317.44万 元。 平安先进制造主题股票发起A（019457）成立日期2023年10月24日，最新规模4.3亿。今年以来收益 81.89%，同类排名31/4222；近一年收益156.67%，同类排名9/3798；成立以来收益92.35%。 平安先进制造主题股票发起A（019457）基金经理为张荫先。 资料显示，深圳市兆威机电股份有限公司位于广东 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced additional requirements for the overseas listing application of Zhaowei Electric (003021), focusing on compliance with foreign investment regulations and the company's operational scope [1] Group 1: Regulatory Requirements - CSRC requires Zhaowei Electric to clarify the specific situation regarding its Hong Kong entity and to obtain a legal opinion on whether the failure to complete overseas investment filing procedures constitutes a significant violation [1] - The company must also explain whether its business operations fall within the restricted areas outlined in the "Negative List for Foreign Investment Access (2024 Edition)" [1] Group 2: Company Overview - Zhaowei Electric is an integrated provider of micro-drive and drive system solutions, primarily targeting high-growth sectors such as smart vehicles, embodied robotics, consumer technology, medical technology, and advanced industrial manufacturing [1] Group 3: Financial Performance - For the first half of 2025, Zhaowei Electric reported revenue of 787 million yuan, representing a year-on-year increase of 21.93% [1] - The net profit attributable to shareholders reached 113 million yuan, up 20.72% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately 96.7 million yuan, reflecting a year-on-year growth of 33.39% [1] - The basic earnings per share stood at 0.47 yuan [1]