一体化微型传动系统国内第一，兆威机电递表港交所

Core Viewpoint - Shenzhen Zhaowei Electromechanical Co., Ltd. has officially submitted its application for an IPO on the Hong Kong Stock Exchange, marking the beginning of its new journey in the Hong Kong market [2] Company Overview - Zhaowei Electromechanical is a leading provider of integrated micro drive and transmission system solutions, ranked first in China and fourth globally by revenue according to Frost & Sullivan [2] - The company has developed a unique process system in injection molding, powder metallurgy, metal powder injection molding, and precision metal processing, establishing a full-chain capability from mold design to intelligent integrated system development [4] - Zhaowei Electromechanical has launched three major platform-based proprietary brand products, including high-performance servo motors, drum motors, and dexterous hands, targeting high-potential industries such as advanced manufacturing and humanoid robotics [5] Industry Growth - The integrated micro drive and transmission system market in China has grown from 20.3 billion yuan in 2020 to 33.2 billion yuan in 2024, with a compound annual growth rate (CAGR) of 13.0%. It is expected to reach 72.6 billion yuan by 2029, with a further increase in CAGR to 17.3% from 2025 to 2029 [3] - The industry is characterized by high interdisciplinary attributes, significant barriers to entry regarding precision, customer certification requirements, and capital-intensive R&D investments [3] Financial Performance - Zhaowei Electromechanical has shown significant business growth, with revenues of 1,152.5 million yuan, 1,205.9 million yuan, and 1,524.6 million yuan for the years 2022, 2023, and 2024, respectively [6] - The company's net profit for 2022, 2023, and 2024 was 150.5 million yuan, 179.9 million yuan, and 225.4 million yuan, respectively, with an adjusted net profit increasing from 152.8 million yuan in 2022 to 230.7 million yuan in 2024 [7] - As of the first quarter of 2025, Zhaowei Electromechanical's revenue increased from 312.4 million yuan in the same period of 2024 to 367.5 million yuan [6]