Group 1: Company Overview - Wolong Electric Drive Group Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, with CICC, Huatai International, and GF Securities (Hong Kong) as joint sponsors [1] - As of June 30, 2023, Wolong Electric Drive reported revenue exceeding 8 billion yuan for the first half of the year [1] - According to Frost & Sullivan, Wolong Electric Drive ranks first in the global explosion-proof electric drive system solutions market with a market share of approximately 4.5% [1] Group 2: Market Trends - The Hong Kong stock market has seen a significant increase in equity financing, reaching approximately 287.98 billion HKD in 2023, a year-on-year increase of 350.56% [3] - The surge in capital has led to a focus on technology sectors such as artificial intelligence, robotics, new energy, and advanced manufacturing, with many core enterprises in these industries filing for IPOs [3][8] - Over 40 companies have successfully completed IPOs on the Hong Kong main board in the first half of 2023, with total IPO proceeds exceeding 106.7 billion HKD, a substantial increase of 688.56% compared to the same period last year [16] Group 3: Industry Dynamics - The Hong Kong Stock Exchange has optimized its rules to lower the listing threshold for technology companies, allowing unprofitable tech firms to be valued based on their technological potential [17] - The trend of "liquidity migration" is observed as companies move from the A-share market to Hong Kong due to tighter IPO regulations in China and more favorable conditions in Hong Kong [18] - Hong Kong serves as a global financial hub, providing companies with funding and brand endorsement for cross-border expansion, aligning with the trend of globalization in the industry [19]

Group 1 - Zhaowei Electromechanical (003021.SZ) released its semi-annual report for 2025, indicating that as of August 27, 2025, 37 institutional investors held a total of 120 million A-shares, accounting for 49.95% of the total share capital [1] - The top ten institutional investors collectively held 49.62% of the shares, with a notable decrease of 4.58 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, four funds reported a decrease in holdings compared to the previous quarter, with a total reduction of 1.61% [2] - Thirteen new public funds were disclosed during this period, including notable names such as Southern CSI 1000 ETF and Rongtong Internet Media Flexible Allocation Mixed Fund [2] - One foreign fund, Hong Kong Central Clearing Limited, reported a decrease in holdings, with a reduction of 0.57% compared to the previous quarter [2]

Investment Rating - The investment rating for the company is maintained as "Buy" [1] Core Views - The company reported a significant growth in net profit attributable to shareholders, with a 20.72% year-on-year increase in H1 2025, reaching 113 million RMB, and a 52.28% increase in Q2 2025, amounting to 59 million RMB [1] - The company is expanding its product lines in the precision transmission field and is actively entering emerging sectors such as humanoid robotics and medical technology, showcasing strong technical capabilities [2][4] - The gross margin for H1 2025 was 31.97%, reflecting a year-on-year increase of 0.74 percentage points, while the net margin slightly decreased by 0.14 percentage points to 14.40% [3] Revenue and Profitability - In H1 2025, the company achieved revenues of 787 million RMB, a 21.93% increase year-on-year, with Q2 revenues reaching 419 million RMB, up 25.93% [1] - The revenue breakdown by business segment shows that micro transmission systems, precision injection parts, and precision molds generated revenues of 498 million RMB, 239 million RMB, and 50 million RMB respectively, with year-on-year growth rates of 20.51%, 16.25%, and 88.52% [2] Innovation and Product Development - The company is leveraging a collaborative innovation system to enhance the integration of transmission systems, micro-motor systems, and electronic control systems, successfully developing key technologies [4] - New product launches include the DM17 and LM06 bionic dexterous hand series, designed to meet diverse application needs with advanced features [4] Financial Forecast and Valuation - The company’s projected net profits for 2025-2027 are 254 million RMB, 315 million RMB, and 393 million RMB respectively, supported by its technological advancements and product diversification [5] - The estimated revenue for 2025 is 1.945 billion RMB, reflecting a growth rate of 27.57% compared to 2024 [11]

Core Viewpoint - The report outlines the fundraising activities and the management of raised funds by the company, ensuring compliance with relevant regulations and highlighting the effective use of funds for investment projects. Fundraising Overview - The company raised a total of RMB 200,345.04 million through the issuance of 26.67 million shares at RMB 75.12 per share, with a net amount of RMB 183,362.57 million after deducting issuance costs of RMB 16,982.47 million [1][18]. - As of June 30, 2025, the company has utilized RMB 138,177.92 million of the raised funds, including RMB 15,950.33 million for replacing pre-invested funds [2]. Fund Management and Storage - The company adheres to strict regulations for managing and using the raised funds, ensuring the protection of stakeholders' rights [3][4]. - A tripartite supervision agreement was signed with the sponsor and banks to oversee the management of the funds [3]. Fund Usage - In the first half of 2025, the company used RMB 182.57 million of the raised funds, bringing the total usage to RMB 138,360.49 million, all allocated to investment projects [6][8]. - There were no changes in the implementation location or method of the investment projects as of June 30, 2025 [7]. Pre-investment and Replacement - Prior to the actual arrival of the raised funds, the company invested RMB 16,425.87 million from its own funds, with RMB 15,950.33 million later replaced by the raised funds [8]. Idle Funds Management - There were no instances of using idle funds to temporarily supplement working capital or for cash management in the first half of 2025 [9][10]. Surplus Funds - Surplus funds from completed projects were permanently transferred to the company's general account for working capital [11][12]. Unused Funds - As of June 30, 2025, the company had RMB 174.03 million of unused raised funds, all stored in dedicated accounts [13]. Project Changes - There were no changes to the fundraising investment projects as of June 30, 2025 [15]. Compliance and Reporting - The company has complied with all relevant regulations regarding the storage, usage, and management of raised funds, with no violations reported [16].

在备受关注的机器人领域，兆威机电于2025年7月发布新一代仿生灵巧手系列产品DM17与LM06，通过 差异化设计满足多元场景需求。DM17依旧采用全直驱方案，集成了微型减速器、电机、控制单元及电 子皮肤传感器等，具备17个主动自由度，通过多关节多层级力位协同的柔顺控制，可执行更为复杂精细 的动作；LM06采用连杆方案，具备6个自由度，具备20公斤级抓握负载，可满足高强度作业场景需求。 公司披露，苏州兆威驱动产业园主体工程有序推进，目前已进入装修收尾阶段。同时美国兆威与德国兆 威稳步运营，配合德国兆威，为公司全球扩张奠定了坚实基础。（文穗） （文章来源：证券时报网） 8月27日晚间，兆威机电（003021.SZ）披露半年度报告，上半年公司实现营业收入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%。其中第二季度营业收入4.19亿元，同比增长25.93%； 归母净利润5856.12万元，同比增长52.28%。上半年公司研发投入8140.08万元，保持稳步增长。 兆威机电是全球领先的微型传动及驱动系统解决方案提供商，产品广泛应用于智能汽车、消费及医疗科 技、先进工业及智造、机器人四 ...

Group 1 - The company achieved operating revenue of 787 million yuan, representing a year-on-year growth of 21.93% [1] - The net profit attributable to shareholders of the listed company was 113 million yuan, an increase of 20.72% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 96.7 million yuan, showing a year-on-year growth of 33.39% [1] - The basic earnings per share were 0.47 yuan [1]

证券代码：003021 证券简称：兆威机电 公告编号：2025-049 深圳市兆威机电股份有限公司 2025年半年度募集资金存放与使用情况的专项报告 项目 金额（人民币元） 募集资金总额 2,003,450,400.00 减：发行费用 169,824,700.00 实际募集资金净额 1,833,625,700.00 减：累计使用募集资金 1,383,604,895.43 其中：以前年度已使用募集资金（注 1） 1,381,779,174.50 本年度使用募集资金 1,825,720.93 加：利息收入 70,158,476.77 截至 2025 年 6 月 30 日，公司募集资金使用及结存情况如下： | 项目 | 金额（人民币元） | | --- | --- | | 减：手续费支出 | 88,764.36 | | 减：单项结余资金用于永久性补充流动资金 | 518,350,195.52 | | 募集资金余额 | 1,740,321.46 | 注 1：以前年度已使用募集资金 138,177.92 万元，包含募集资金置换预先投入募投项 目自筹资金的 15,950.33 万元。 二、 募集资金存放和管理情况 (一) ...

深圳市兆威机电股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 汇总表 第 1页 本表已于 2025 年 8 月 26 日获董事会批准。 公司负责人（法定代表人）：_________ 主管会计工作负责人：________ 会计机构负责人：________ 单位：万元 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公 | 上市公司核算 | 2025 年期初占 | 2025 年半年度占用累计 | | 2025 年半年度占用 | 2025 年半年度偿还 | 2025 年半年度 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 司的关联关系 | 的会计科目 | 用资金余额 | 发生金额（不含利息） | | 资金的利息(如有) | 累计发生金额 | 末占用资金余额 | | | | 控股股东、实际控制 | 无 | 不适用 | 不适用 | | | | | | | | 不适用 | | 人及其附属企业 | 不适用 | 不适用 | 不适用 | | ...

深圳市兆威机电股份有限公司 2025 年半年度财务报告 2025 年 8 月 财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：深圳市兆威机电股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 303,783,017.84 | 224,878,416.30 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 790,941,972.50 | 841,948,696.83 | | 衍生金融资产 | | | | 应收票据 | 67,141,792.22 | 30,121,332.63 | | 应收账款 | 500,574,266.28 | 547,374,162.55 | | 应收款项融资 | 60,787,640.73 | 20,596,137.06 | | 预付款项 | 15,857,150.08 | 10,860,601.94 | | 应 ...

证券代码：003021 证券简称：兆威机电 公告编号：2025-046 一、董事会会议召开情况 1、深圳市兆威机电股份有限公司（以下简称"公司"）于 2025 年 8 月 16 日以通讯方式向各董事发出公司第三届董事会第十二次会议的通知。 2、本次会议于 2025 年 8 月 26 日在公司会议室以现场结合通讯方式召开。 3、会议应到 8 人，亲自出席董事 8 人，会议由董事长李海周先生主持，公 司高级管理人员列席了本次会议。 4、会议召开符合《中华人民共和国公司法》（以下简称"《公司法》"）等相 关法律、法规及《深圳市兆威机电股份有限公司章程》（以下简称"《公司章程》"） 的有关规定。 二、董事会会议审议情况 （一）审议通过了《关于 2025 年半年度报告及其摘要的议案》 根据《公司法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司 自律监管指引第 1 号——主板上市公司规范运作》等相关规定，公司《2025 年 半年度报告》和《2025 年半年度报告摘要》已编制完毕。报告内容和格式符合 中国证监会和证券交易所的各项规定，所包含的信息真实、准确、完整地反映了 公司的实际情况，不存在任何虚假记载、误导性 ...