Company Overview - New Thinking Motor, established in 2014, is a leading global manufacturer of micro precision motors, particularly in the imaging motor sector, with a strategic layout of dual production bases in Jiaxing and Hefei, and dual R&D bases in China and Japan [3] - According to Frost & Sullivan, New Thinking Motor ranks sixth globally and third in China in the imaging motor market, holding a 9.1% market share in China as of 2024 [3] - In the optical image stabilization (OIS) imaging motor segment, the company ranks fourth globally and first in China, with a market share of 20.1% [3] Product Focus - The company focuses on two main product categories: imaging products and non-imaging products [4] - Imaging products include voice coil motors, piezoelectric motors, and shape memory alloy motors, primarily used in smartphones, handheld imaging, security monitoring, and machine vision systems for functions like autofocus, optical stabilization, aperture adjustment, and zoom [4] - Non-imaging products include stepper motors and brushless DC motors, deployed in applications such as robotic vacuum cleaners, security monitoring, and automotive electronics, with expansion into emerging fields like humanoid robots and low-altitude economy [4] Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenues of approximately RMB 855.33 million, with projected revenues of RMB 1.56 billion for 2024 and RMB 1.46 billion for the nine months ending September 30, 2025 [6] - The gross profit for the same periods was RMB 71.50 million, RMB 249.35 million, and RMB 234.35 million respectively [8] - The company recorded a net loss of RMB 30.10 million for 2023, with profits of RMB 104.76 million for 2024 and RMB 97.06 million for the nine months ending September 30, 2025 [7] Industry Overview - The global motor market is experiencing significant and sustained growth, driven by three long-term trends: electrification of transportation, upgrades in consumer electronics, and stringent energy efficiency regulations worldwide [9] - The market size is projected to grow from approximately USD 109.8 billion in 2019 to USD 152.3 billion by 2024, with a historical compound annual growth rate (CAGR) of 6.8% [9] - By 2029, the market is expected to reach USD 197 billion, with a forecasted CAGR of 4.6% from 2025 to 2029, driven by the increasing adoption of electric vehicles and the expansion of industrial automation and smart devices [9] China Market Insights - China is a crucial and rapidly growing segment of the global motor market, with the market size expected to increase from approximately USD 35.3 billion in 2019 to USD 50.2 billion by 2024 [10] - By 2029, the market is projected to reach USD 66.4 billion, with a forecasted CAGR of 5.1% from 2025 to 2029, indicating stronger domestic demand driven by electric vehicles and industrial automation [10] - China's share of the global motor market is expected to rise from approximately 32.3% in 2019 to 33.7% by 2029, reinforcing its position as a key manufacturing hub and end market globally [10]
新思考电机递表港交所 为微型精密马达制造商
Zhi Tong Cai Jing·2026-01-04 03:57