兆威机电灵巧手调研纪要 20240531 专家核心观点： ①目前专家所在的公司在灵巧手微型执行器模组（以下简称模组）方面技 术储备深厚，目前产品性能（效率、噪声、寿命等）不输 M / F 等海外龙 头，而价格仅为 1/3 左右（1000 元/套，包含空心杯、微型多级行星齿轮 箱、微型丝杠）； ②目前公司已经和北美人形头部企业接洽方案，和 T 合作充电枪锁止齿轮 箱项目推进顺利（要求高，测试周期长），其他汽车项目有推进（T 上海团 队有审厂），国内和优必选等人形头部企业批量供货推进中； ③鉴于公司在 A 客户的合作关系，不管是团队的能力还是开发经验在处置 机器人模组而言都是降维打击，公司对于后续获取更多的客户/取得更多的 份额有信心； ④T 目前 22DoF 自由度，17 个模组方案，目前从价值量而言，较目前 11DoF， 6 个模组方案价值提升幅度大，鉴于对传动的稳定性，方案的成熟度，大握 力的需求而言，公司的刚性模组都是有绝对优势，也是目前国内/外灵巧手 ...

Financial Data and Key Metrics Changes - The company has a strong technical reserve in micro actuators, with product performance (efficiency, noise, lifespan) comparable to leading overseas companies, while pricing is approximately one-third of competitors [9] - The expected price for the micro screw is around 300, significantly higher than the initial estimate of 100, due to additional costs such as labor and gross margin [6] Business Line Data and Key Metrics Changes - The company is currently engaged with leading humanoid robotics companies in North America, progressing well with the collaboration on charging gun locking gearbox projects [2] - The company has established relationships with major domestic clients such as UBTECH, Huawei, Tencent, and ByteDance, indicating a strong market presence [5] Market Data and Key Metrics Changes - The company is recognized as a core supplier for Tesla, Apple, and Figure, highlighting its unique position and reputation in Silicon Valley [15] - The company has a competitive edge in micro gearbox testing methods and equipment, surpassing domestic peers [9] Company Strategy and Development Direction - The company aims to integrate sensors and develop a complete dexterous hand solution, indicating a strategic shift towards comprehensive product offerings [4] - The focus on upgrading the degrees of freedom in dexterous hands is identified as a core variable for future marketing efforts [7] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in acquiring more clients and increasing market share due to strong relationships with key customers [2] - The company acknowledges the importance of communication regarding sample submissions to clients, which has been a concern in the market [13] Other Important Information - The company is the only one among those supplying samples to Tesla that does not include humanoid robots in its valuation, suggesting a potential undervaluation [23] - The recent survey attracted over 50 participants, indicating high interest in the company's developments [21] Q&A Session Summary Question: What is the company's position in the market? - The company is recognized as a core supplier for major clients like Tesla and has a strong reputation in Silicon Valley, which enhances its market position [15] Question: How does the company plan to manage costs? - The company aims to control material costs for modules (motor + transmission) to around 100 under favorable conditions [12] Question: What are the future product developments? - The company is focusing on increasing the degrees of freedom in dexterous hands, which is seen as a significant advancement in technology [17]

证券代码：003021 证券简称：兆威机电 公告编号：2024-028 深圳市兆威机电股份有限公司 首次公开发行前已发行股份上市流通提示性公告 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。 特别提示： 1、本次解除首发限售股的股东 3 名，解除限售的股份数量为：153,417,600 股，占公司总股本的 64.0811%； 2022 年 4 月 28 日，公司披露了《关于 2021 年限制性股票和股票期权激励 计划之预留限制性股票授予登记完成公告》，由于公司 2021 年限制性股票和股 票期权激励计划预留授予登记完成，共授予 29 名激励对象限制性股票合计 14.928 万股，公司股份总数由 171,434,720 股增加至 171,584,000 股。 2、本次解除限售股份的上市流通日期为 2024 年 6 月 4 日（星期二）。 一、首次公开发行前已发行股份概况 （一）首次公开发行股份情况 经中国证券监督管理委员会《关于核准深圳市兆威机电股份有限公司首次公 开发行股票的批复》（证监许可[2020]2873 号文）核准，深圳市兆威机电股份 有限公司（以下简 ...

Group 1: Financial Performance - In 2023, the company achieved a revenue of 1,205.95 million yuan, a year-on-year increase of 4.64% [1] - The net profit for 2023 was 179.92 million yuan, reflecting a year-on-year growth of 19.55% [2] - In Q1 2024, the company reported a revenue of 312.37 million yuan, up 40.65% year-on-year, and a net profit of 55.37 million yuan, which is a 96.04% increase [2] Group 2: Revenue Breakdown by Sector - In 2023, revenue from the smart consumer sector was 281.58 million yuan [2] - The communication sector generated 122.75 million yuan [2] - Revenue from the automotive electronics sector was 633.03 million yuan [2] - The medical and personal care sector contributed 48.58 million yuan [2] - Other sectors accounted for 120.01 million yuan [2] Group 3: Strategic Insights - The significant growth in Q1 2024 was attributed to optimized product sales structure and gradual volume increase in automotive electronics and AR/VR sectors [2] - The company is focusing on precision core components for industrial automation, with products applicable in various fields [3] - The company is exploring overseas markets, particularly in Europe and North America, with established subsidiaries in Germany and the USA [4] Group 4: Product Development and Innovation - The company has developed high-torque DC motors, brushless DC motors, and micro brushless motors, catering to diverse driving needs [3] - The company is actively involved in the humanoid robot industry, collaborating with local universities and enterprises [3] - The company aims to maintain a reasonable gross margin through technological innovation and product structure optimization [4]

Investment Rating - The investment rating for the company is "Accumulate-A" [1] Core Views - The company achieved a revenue of 1.206 billion yuan in 2023, representing a year-on-year growth of 4.64%, and a net profit attributable to shareholders of 180 million yuan, up 19.55% year-on-year [1] - In Q1 2024, the company reported a revenue of 312 million yuan, a year-on-year increase of 40.65%, with a net profit of 55 million yuan, marking a significant growth of 96.04% year-on-year [1] - The automotive electronics and consumer electronics sectors are the main sources of revenue, with automotive electronics contributing 633 million yuan, accounting for 52.49% of total revenue [1] - The company is positioned to benefit from the ongoing electrification and intelligence trends in the automotive industry, providing core components and drive solutions [1] Financial Performance Summary - Revenue projections for 2024 to 2026 are 1.569 billion yuan (30.1% growth), 2.052 billion yuan (30.8% growth), and 2.589 billion yuan (26.2% growth) respectively [14] - Net profit forecasts for the same period are 231 million yuan (28.6% growth), 305 million yuan (31.6% growth), and 397 million yuan (30.3% growth) [14] - The company maintains a gross margin of approximately 29% and a net margin that is expected to improve to 15.3% by 2026 [3][14] Market Trends and Opportunities - The global VR market is projected to recover, with an expected sales volume of 8.44 million units in 2024, a 12% increase from 2023 [2] - The company is actively involved in the XR and smart home sectors, with products entering the Vision Pro, which is anticipated to accelerate growth in these areas [1][2] - The automotive electronics market is expected to continue growing, driven by increasing demand for electric and intelligent vehicles [1][14]

本次电话会议仅服务于新业证券客户会议音频及文字记录的内容版权为新业证券所有内容必须经新业证券审核后方可留存未经允许和授权专载转发此次会议内容均属侵权新业证券将保留追究其法律责任的权利电话会议所有参会人员不得泄露内幕信息以及未公开重要信息涉及外部嘉宾发言的 深夜证券不保障其发言内容的准确性与完整性深夜证券不承担外部嘉宾发言内容所引起的任何损失及责任不承担因转载转发引起的任何损失及责任市场有风险投资需谨慎提醒投资者注意投资风险审慎参考会议内容好的各位领导好我是深夜证券的机械军工丁志刚 今天跟各位领导再汇报一下招职店的一个情况当然这个公司呢其实但今天我们的形式依然是我这边主讲然后因为我们这个人也不少所以我们今天没有设一个提问的环节所以我尽可能的我们把公司的各块的一个情况做一个详细的汇报跟各位领导 呃首先我们对这个公司呢其实要讲几个点啊第一个就是说这个公司的业务的一个边界感和他的一个可拓展性这是我们觉得这个公司最特别的一个地方呃其实公司的叫基电呃的这个名字呃他确实也是一开始的时候在呃公司在20年年末上市在21年当时那一年的那一波行情里面其实大家一直交易的是他作为齿轮这个行业逻辑 因为公司在之前的情况下上之前他的主业其 ...

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证券代码：003021 证券简称：兆威机电 公告编号：2024-020 深圳市兆威机电股份有限公司 2023 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会没有涉及变更前次股东大会决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议届次：2023年年度股东大会 2、会议召开时间： （1）现场会议时间：2024年5月8日（星期三），下午15:30开始。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为： 2024年5月8日上午9:15-9:25，9:30-11:30，下午13:00-15:00；通过深圳证券交易所互联 网投票系统投票的具体时间为：2024年5月8日上午9:15至下午15:00期间的任意时间。 3、会议召开地点：深圳市宝安区燕罗街道燕川社区燕湖路62号办公楼1号会议室。 4、会议召开方式：现场表决与网络投票相结合的方式。 5、会议召集人：深圳市兆威机电股份有限公司（以下简称"公司"）董事会。 6、会议主持人：公司董事长李海周。 ...

证券代码：003021 证券简称：兆威机电 公告编号：2024-022 深圳市兆威机电股份有限公司 第三届董事会第一次会议决议公告 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。 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"）第三届董事会第一次会议于 2024 年 5 月 8 日由李海周先生以紧急召集方式通知。 2、本次会议于 2024 年 5 月 8 日在公司会议室以现场结合通讯方式召开。 3、会议应到 7 人，亲自出席董事 7 人，其中现场出席董事 2 人，分别为：叶曙兵 先生、李平先生；通讯出席董事 5 人，分别为李海周先生、谢燕玲女士、沈险峰先生、 周长江先生、郭新梅女士。 4、会议由董事长李海周先生主持，公司监事和高级管理人员列席了本次会议。 5、会议召开符合《中华人民共和国公司法》等相关法律、法规及《深圳市兆威机电 股份有限公司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过《关于选举公司第三届董事会董事长的议案》 会议选举李海周先生为公司第三届董事会董事长，任期三年，自本次董事会会议通 过之日起计算，至第三届 ...

北京金诚同达（深圳）律师事务所 关于 深圳市兆威机电股份有限公司 2023 年年度股东大会的 法律意见 书 金深法意字[2024]第 172 号 深圳市福田区鹏程一路广电金融中心42层 518000 电话：0755-2223 5518 传真：0755-2223 5528 北京金诚同达（深圳）律师事务所 法律意见书 深圳市兆威机电股份有限公司 2023 年年度股东大会的法律意见书 金深法意字[2024]第 172 号 致：深圳市兆威机电股份有限公司 北京金诚同达（深圳）律师事务所（以下简称"本所"）接受深圳市兆威机 电股份有限公司（以下简称"公司"）委托，指派本所律师出席了公司 2023 年 年度股东大会（以下简称"本次股东大会"），并根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共和国证券法》、中国证券监督管理 委员会发布的《上市公司股东大会规则》（以下简称"《股东大会规则》"）、 《上市公司治理准则》《律师事务所从事证券法律业务管理办法》《律师事务所 证券法律业务执业规则（试行）》、深圳证券交易所（以下简称"深交所"）发 布的《深圳证券交易所上市公司股东大会网络投票实施细则》等法律、法 ...