新股消息 | 兆威机电(003021.SZ)递表港交所 提供一体化微型传动与驱动系统解决方案

Company Overview - Shenzhen Zhaowei Electromechanical Co., Ltd. (Zhaowei) has submitted a listing application to the Hong Kong Stock Exchange, with China Merchants Securities International and Deutsche Bank as joint sponsors [1] - Zhaowei is an integrated provider of micro drive and transmission system solutions, targeting high-growth sectors such as smart vehicles, robotics, consumer technology, medical technology, and advanced industrial manufacturing [3] Industry Insights - The integrated micro drive and transmission system market in China has grown from RMB 20.3 billion in 2020 to an estimated RMB 33.2 billion by 2024, reflecting a compound annual growth rate (CAGR) of 13.0% [4] - The market is projected to reach RMB 72.6 billion by 2029, with an increased CAGR of 17.3% from 2025 to 2029, driven by industrial upgrades and technological advancements [4] Financial Performance - For the fiscal years 2022, 2023, and 2024, Zhaowei reported revenues of approximately RMB 1.152 billion, RMB 1.206 billion, and RMB 1.525 billion, respectively [4] - The corresponding net profits for the same years were approximately RMB 150 million, RMB 180 million, and RMB 225 million [4] - The company has achieved a gross margin of 29.1% in 2022, which is expected to improve to 31.2% by 2024 [6]