新股消息 | 兆威机电(003021.SZ)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 systems typically include a drive system, micro-motor system, and/or electronic control system, forming a unified system that converts and transmits power to actuators [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 promoting standardized, scalable development of its own brand products [5]. - The company has launched three platform-based proprietary brand products: high-performance servo motors, drum motors, and dexterous hands, with applications in high-end consumer technology and other sectors [5][6]. 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, and 2024 was approximately RMB 150 million, RMB 180 million, and RMB 225 million respectively, with a profit of RMB 182 million reported for the nine months ending September 30, 2025 [9]. - Gross profit figures for the same periods were approximately RMB 335 million, RMB 349 million, and RMB 476 million, with RMB 410 million for the nine months ending September 30, 2025 [10]. Industry Overview - The integrated micro-drive and drive system market is a core component of the industrial "four basics" and is characterized by a highly fragmented landscape. The market size is projected to grow from RMB 782 billion in 2020 to RMB 1,113 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 203 billion in 2020 to RMB 332 billion in 2024, with a CAGR of 13.0% [12]. Future projections indicate growth to RMB 384 billion by 2025 and RMB 726 billion by 2029, with a CAGR of 17.3% [12].