新股消息 | 兆威机电二次递表港交所 为中国最大的一体化微型传动与驱动系统产品提供商

Core Viewpoint - Shenzhen Zhaowei Electromechanical Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, aiming to capitalize on its position as the largest provider of integrated micro drive and drive system products in China and the fourth largest globally, with market shares of 3.9% and 1.4% respectively [1] Company Overview - The company designs and manufactures integrated micro drive and drive system products, primarily serving customers in China and overseas. Its products enable breakthroughs in precision, efficiency, and control across various industries [4] - The integrated micro drive and drive system typically includes a drive system, micro motor system, and/or control system, forming a unified system that converts and transmits power to actuators for key functions such as power transmission, control, speed variation, and steering [4] Innovation and Growth Strategy - The company employs a "1+1+1" collaborative innovation system, fostering a "dual-engine" growth model by developing customized products with leading clients and advancing standardized, scalable development of its own brand products [5] - The company has launched three major platform-based proprietary products: high-performance servo motors, drum motors, and dexterous hands, with applications in various high-end consumer technology products [5] Financial Performance - The company reported significant revenue growth, with revenues of approximately RMB 1.152 billion, RMB 1.206 billion, and RMB 1.525 billion for the years 2022, 2023, and 2024 respectively. For the nine months ending September 30, 2025, revenue increased from RMB 1.057 billion in 2024 to RMB 1.255 billion [8] - The net profit for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, was approximately RMB 150 million, RMB 180 million, RMB 225 million, and RMB 182 million respectively [9] - The gross profit for the same periods was approximately RMB 335 million, RMB 349 million, RMB 476 million, and RMB 410 million [10] Industry Overview - The integrated micro drive and drive system is a core component of the industrial "four basics" (core basic components, key basic materials, advanced basic processes, and industrial technology foundation). The global market for this industry is projected to grow from RMB 78.2 billion in 2020 to RMB 111.3 billion in 2024, with a compound annual growth rate (CAGR) of 9.2% [11] - The Chinese market for integrated micro drive and drive systems is expected to grow from RMB 20.3 billion in 2020 to RMB 33.2 billion in 2024, with a CAGR of 13.0%. Future projections indicate growth to RMB 38.4 billion by 2025 and RMB 72.6 billion by 2029, with a CAGR of 17.3% [13]