关于参加 2025 年度深圳辖区上市公司投资者 证券代码：003021 证券简称：兆威机电 公告编号：2025-052 深圳市兆威机电股份有限公司 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，深圳市兆威机电股份有限公司（以下简 称"公司"）将参加由深圳证监局和中证中小投资者服务中心指导、深圳上市公 司协会与深圳市全景网络有限公司联合举办的"2025 年度深圳辖区上市公司投 资者网上集体接待日活动"，现将相关事项公告如下： 特此公告。 深圳市兆威机电股份有限公司 董 事 会 2025 年 11 月 18 日 1 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 11 月 20 日（周四）14:30-17:00。届时公 司部分董事和高管将在线就公司业绩、公司治理、发展战略、经营状况、融资计 划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与 ...

Core Viewpoint - Yushu Technology Co., Ltd. plans to submit its IPO application in Q4 2025, marking a significant milestone as the first profitable humanoid robot company globally, which is expected to attract attention to the entire humanoid robot industry chain [1] Shareholding/Investment - Juxing Technology holds shares in Yushu Technology through its subsidiary, ensuring clear equity investment and direct asset appreciation [3] - Jing Shan Light Machine participated in Yushu's early investment through an industrial investment fund, though specific shareholding ratios are not disclosed [3] - Shoukai Co., Ltd. indirectly holds approximately 0.85% of shares through the Jinshi Growth Fund, indicating a relatively high indirect shareholding among A-share listed companies [3] - Jinfat Technology holds 4.77% indirectly through the Jinshi Growth Fund and is a leading chemical materials company with over 60% market share in robot shell materials, reporting a 35.5% revenue growth in H1 2025 [3] - Wolong Electric Drive holds 0.1525% indirectly and has seen a 36.76% net profit increase in H1 2025, with a gross margin of 28% [3] - Other companies like Jingxing Paper and Rongsheng Environmental Protection hold minor indirect stakes, primarily for financial investment [3][4] Core Suppliers - Zhongdali De is the core supplier of planetary reducers, with orders locked at 3.2 billion yuan for 2025, accounting for 36% of Yushu's costs [6] - Changsheng Bearings exclusively supplies self-lubricating bearings with over 80% penetration, expecting 8% of its revenue from robot business in 2025 [6] - Aobi Zhongguang is the sole supplier of 3D vision modules, with a supply ratio of 72% and a doubling of revenue in H1 2025 [6] - Lide Technology provides flexible tactile sensors, breaking the monopoly of Korean companies [6] - Weilan Lithium Core is the core supplier of lithium batteries for Yushu, with an expected 60% supply ratio in 2024 [6] Technical Cooperation Partners - iFLYTEK collaborates on developing the "robot brain," with a leading position in voice recognition and a planned R&D investment of 2.392 billion yuan in 2025 [8] - Lingyun Optical is jointly developing the FZMotion motion capture system, achieving high precision and expected stock price growth of over 200% in 2025 [8] - Zhongke Chuangda provides motion control algorithms and holds 1.86% of shares, with strong adaptability in edge computing modules [8] - Other partners include Shuanglin Co., Ltd. and Shengtong Co., Ltd., focusing on various components and educational collaborations in robotics [8][9]

Market Overview - The electric motor sector experienced a decline of 1.64% on the previous trading day, with Jiadian Co. leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Notable gainers in the electric motor sector included: - Huari Co. (300626) with a closing price of 13.27, up 6.16% on a trading volume of 228,800 shares and a turnover of 299 million yuan [1] - Fangzheng Electric (002196) closed at 16.92, up 5.88% with a trading volume of 1,990,600 shares and a turnover of 3.36 billion yuan [1] - Jiangnan Yifan (301023) closed at 40.46, up 3.77% with a trading volume of 31,400 shares and a turnover of 12.7 million yuan [1] - Major decliners included: - Jiadian Co. (000922) closed at 14.36, down 6.33% with a trading volume of 426,400 shares and a turnover of 625 million yuan [2] - Mingzhi Electric (603728) closed at 65.42, down 3.10% with a trading volume of 50,600 shares and a turnover of 334 million yuan [2] - Dayang Electric (002249) closed at 10.92, down 2.67% with a trading volume of 951,200 shares and a turnover of 1.04 billion yuan [2] Capital Flow - The electric motor sector saw a net outflow of 1.065 billion yuan from institutional investors, while retail investors contributed a net inflow of 863 million yuan [2][3] - Specific stock capital flows included: - China Electric Motor (603988) had a net inflow of 20.175 million yuan from institutional investors, but a net outflow of 26.2146 million yuan from retail investors [3] - Huari Co. (300626) saw a net inflow of 18.9876 million yuan from institutional investors, with a net outflow of 31.5278 million yuan from retail investors [3] - Jiangnan Yifan (301023) had a net inflow of 16.2647 million yuan from institutional investors, with a net outflow of 20.5289 million yuan from retail investors [3]

Summary of the Conference Call on Humanoid Robot Supply Chain Industry Overview - The conference focused on the humanoid robot supply chain, involving nine companies including Sanhua, Tuopu, Rongtai, Shuanghuan, Minth, Joyson, Zhaowei, Best Precision, and Shuanglin [1][4][5] Key Takeaways Capacity Planning and Production - Most suppliers are actively planning capacity in China and overseas (primarily Thailand) to support potential mass production of humanoid robots, with current capacity planning ranging from approximately 100,000 to 1 million robot equivalent units per year [4][5] - Companies are optimistic about industry growth, with a global humanoid robot shipment forecast of 1.38 million units by 2035 [4] - Suppliers are broadening their product portfolios from single components to integrated modules, targeting ambitious market share gains [4] Company-Specific Insights - **Sanhua**: Maintains over 50% market share in actuator assemblies, focusing on a single leading global customer for now [9] - **Tuopu**: Plans to establish humanoid-related production capacity in Thailand, Mexico, and the U.S., with an annual capacity of 1 million units in Thailand, contingent on customer demand [9] - **Rongtai**: Emphasizes precision machining capabilities and aims to secure a position as a supplier for North American customers, with plans to increase capacity by 2025 [10] - **Minth**: Targets RMB 5 billion in humanoid-related revenue by 2030, with a completed production line for head and face assemblies expected to start commercial production in Q1 2026 [13] - **Joyson**: Focuses on head assembly and anticipates production ramp-up after Q2 next year, pending customer orders [15] - **Zhaowei**: Offers micro hardware components for humanoid robots and expects RMB 100 million revenue from dexterous hand-related business in 2026 [16] - **Best Precision**: Currently has limited sales contribution from humanoid applications, mainly from sampling demand [18] - **Shuanglin**: Plans to expand capacity for planetary roller screws, with a current capacity of 12,000 units for initial samples [20] Market Dynamics - Companies are showcasing technical capabilities and scalable production readiness as key competitive edges [4] - The ecosystem is evolving with companies eager to expand into robotics components to find new growth engines [4] - The competitive landscape includes various technologies for reduction gears, with companies exploring innovative solutions to enhance performance [15] Future Outlook - Key checkpoints include the Tesla Optimus Gen 3 launch by February/March 2026 and public disclosure of order/shipment targets by the end of 2025 [5] - The overall sentiment remains constructive on the long-term humanoid robot technology trend, with a need to monitor product performance and application developments [5] Additional Important Points - The conference highlighted the importance of collaboration among companies and the need for flexibility in production planning based on customer demand [9][10] - Companies are focusing on developing low-cost production equipment to reduce reliance on overseas equipment [18] - The anticipated growth in the humanoid robot market is driving companies to innovate and adapt their strategies to secure market share [4][5]

Summary of Zhaowei Electromechanical Conference Call Company Overview - **Company**: Zhaowei Electromechanical - **Industry**: Electromechanical and Robotics Key Financial Performance - **Q3 2025 Revenue**: 468 million CNY, up 13.65% YoY and 11.83% QoQ [2][5] - **Q3 2025 Net Profit**: 67.96 million CNY, up 4% YoY and 16.04% QoQ [2][5] - **Q3 2025 Non-GAAP Net Profit**: 63.53 million CNY, up 13.98% YoY and 28.31% QoQ, marking the best quarterly performance since 2020 [2][5] - **YTD Revenue (Q1-Q3 2025)**: 1.255 billion CNY, up 18.7% YoY [3] - **YTD Net Profit**: 181 million CNY, up 13.86% YoY [3] - **YTD Non-GAAP Net Profit**: 166 million CNY, up 24.95% YoY [3] - **Gross Margin**: 32.66%, up 1.6 percentage points YoY, driven by higher automotive product margins [3] Business Segment Performance - **Smart Automotive Business**: - Accounts for over 60% of total revenue, growing 30% YoY [2][6] - Key drivers include increased average selling prices and successful new product launches [21] - **Smart Consumer and Medical**: - Accounts for approximately 30% of revenue, stable YoY [2][6] - **Advanced Industrial and Manufacturing**: - Accounts for nearly 10% of revenue, growing about 8% YoY [2][6] - **Robotics Business**: - Revenue exceeded 15 million CNY, with a growth rate of 200-300% [2][7] Product Development and Strategy - **Robotics**: - Focus on module sales, with significant collaboration with North American clients like F Company, Amazon, and Meta [7][25] - New products in the pipeline, including a new type of dexterous hand [4][9] - **Dexterous Hands**: - Transitioning to low-degree of freedom products to reduce costs and meet market demand [9][10] - High-degree of freedom products have potential but face challenges in market adoption [10][18] - **Micro Motors and Gearboxes**: - Ongoing collaboration with North American clients, currently in the validation phase [8][24] Future Outlook - **2025 Full-Year Growth Target**: - Expected to maintain over 30% growth [4][26] - **Profitability Goals**: - Gross margin projected to exceed 32%, with net profit around 15% [4][12] - **Human-like Robots**: - Anticipated revenue of over 100 million CNY in 2026 [12][13] Market Position and Competitive Advantage - **Automotive Sector**: - Continuous growth since 2020, driven by product penetration and customer expansion [21] - Collaborations with major automotive manufacturers like BYD, Great Wall, and Changan [21] - **International Collaboration**: - Partnerships with global leaders enhance revenue and technical capabilities [25] Additional Insights - **Challenges in High-Degree Dexterous Hands**: - While they offer versatility, they are not yet widely adopted due to complexity [23] - **Cost Management**: - Long-term goal to reduce costs of high-degree dexterous hands to make them more accessible [15][20] This summary encapsulates the key points from the conference call, highlighting Zhaowei Electromechanical's financial performance, business segments, product strategies, and future outlook.

Market Overview - The electric motor sector increased by 2.86% compared to the previous trading day, with Fangzheng Electric leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Fangzheng Electric (002196) closed at 12.83, rising by 10.03% with a trading volume of 1.177 million shares and a transaction value of 142.3 million yuan [1] - Other notable performers include: - Jiadian Co. (000922) at 14.72, up 10.01% [1] - Zhaowei Electromechanical (003021) at 117.48, up 5.17% [1] - Kaizhong Precision (002823) at 18.38, up 4.97% [1] - Mingzhi Electric (603728) at 71.52, up 4.93% [1] Capital Flow - The electric motor sector saw a net inflow of 632 million yuan from institutional investors, while retail investors experienced a net outflow of 453 million yuan [2] - The main capital flow for key stocks includes: - Fangzheng Electric with a net inflow of 1.95 billion yuan [3] - Wolong Electric Drive (600580) with a net inflow of 167 million yuan [3] - Ocean Electric (002249) with a net inflow of 1.16 billion yuan [3]

Core Viewpoint - Zhaowei Electromechanical's stock price has shown significant volatility, with a year-to-date increase of 54.78%, but recent declines in the short term indicate potential market fluctuations [1][2]. Company Overview - Zhaowei Electromechanical, established on April 19, 2001, and listed on December 4, 2020, is based in Shenzhen, China, and specializes in the research, production, and sales of micro transmission systems, precision injection parts, and precision molds [2]. - The company's revenue composition includes micro transmission systems (63.25%), precision parts (30.44%), and precision molds and other products (6.31%) [2]. - As of September 30, 2025, the company had 51,000 shareholders, a decrease of 8.28% from the previous period, with an average of 4,066 circulating shares per shareholder, an increase of 9.63% [2]. Financial Performance - For the period from January to September 2025, Zhaowei Electromechanical reported a revenue of 1.255 billion yuan, representing a year-on-year growth of 18.70%, and a net profit attributable to shareholders of 181 million yuan, up 13.86% year-on-year [2]. - The company has distributed a total of 333 million yuan in dividends since its A-share listing, with 192 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 1.6249 million shares to 3.4455 million shares [3]. - New entrants among the top shareholders include the E Fund National Robot Industry ETF, holding 2.775 million shares [3].

Core Insights - Zhaowei Electromechanical's stock price has seen a year-to-date increase of 50.72%, but has recently experienced a decline of 7.11% over the past five trading days and 19.09% over the past 20 days [1] - The company reported a revenue of 1.255 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 18.70%, and a net profit attributable to shareholders of 181 million yuan, up 13.86% year-on-year [2] - The company has made cumulative cash distributions of 333 million yuan since its A-share listing, with 192 million yuan distributed over the past three years [3] Company Overview - Zhaowei Electromechanical, established on April 19, 2001, and listed on December 4, 2020, is based in Shenzhen, Guangdong Province [2] - The company's main business includes the research, production, and sales of micro transmission systems (63.25% of revenue), precision parts (30.44%), and precision molds and other products (6.31%) [2] - The company operates within the electric equipment industry, specifically in the motor sector, and is involved in various concept sectors such as robotics and medical devices [2] Shareholder and Institutional Holdings - As of September 30, 2025, Zhaowei Electromechanical had 51,000 shareholders, a decrease of 8.28% from the previous period, with an average of 4,066 circulating shares per shareholder, an increase of 9.63% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and several ETFs, with notable changes in holdings among institutional investors [3]

Company Overview - Shenzhen Zhaowei Electromechanical Co., Ltd. was established on April 19, 2001, and listed on December 4, 2020. The company is located in Shenzhen, Guangdong Province, and specializes in the research, production, and sales of micro transmission systems, precision injection parts, and precision molds. The main business revenue composition is as follows: micro transmission systems 63.25%, precision parts 30.44%, and precision molds and other products 6.31% [2]. Financial Performance - For the period from January to September 2025, Zhaowei Electromechanical achieved operating revenue of 1.255 billion yuan, representing a year-on-year growth of 18.70%. The net profit attributable to the parent company was 181 million yuan, with a year-on-year increase of 13.86% [2]. - Since its A-share listing, the company has distributed a total of 333 million yuan in dividends, with 192 million yuan distributed over the past three years [3]. Stock Performance - As of November 4, Zhaowei Electromechanical's stock price was 114.23 yuan per share, with a market capitalization of 27.496 billion yuan. The stock has increased by 55.15% year-to-date, but has seen a decline of 3.34% over the past five trading days and 17.64% over the past 20 days [1]. - The company has appeared on the "Dragon and Tiger List" seven times this year, with the most recent appearance on April 23, where it recorded a net purchase of 93.537 million yuan [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders was 51,000, a decrease of 8.28% from the previous period. The average circulating shares per person increased by 9.63% to 4,066 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest with 3.4455 million shares, an increase of 1.6249 million shares from the previous period. New entrants include E Fund National Robot Industry ETF with 2.775 million shares [3].

Core Insights - Zhaowei Electromechanical (003021.SZ) reported its Q3 2025 results, revealing that 22 institutional investors hold a total of 123 million shares, accounting for 51.26% of the company's total equity [1] - The top ten institutional investors collectively hold 50.81% of the shares, with an increase of 1.19 percentage points compared to the previous quarter [1] Institutional Holdings - The top institutional investors include Shenzhen Qianhai Zhaowei Financial Holdings Co., Ltd., and several investment partnerships, as well as major banks and funds [1] - The increase in holdings among the top ten institutional investors indicates growing confidence in Zhaowei Electromechanical [1] Public Fund Activity - Eight public funds increased their holdings, with a total increase of 1.39%, including notable funds like E Fund and Invesco Great Wall [2] - Three public funds reduced their holdings, with a decrease of 0.24%, including Penghua Carbon Neutral Theme Mixed A [2] - Five new public funds disclosed their holdings, while 171 funds were not disclosed in the current period [2] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.68% compared to the previous period [2]