兆威机电开启招股：拟募资20亿港元，高瓴认购，3月9日上市

Core Viewpoint - Shenzhen Zhaowei Electromechanical Co., Ltd. is preparing for an IPO on the Hong Kong Stock Exchange, aiming to raise up to HKD 1.97 billion by offering 26.7483 million H-shares at a maximum price of HKD 73.68 per share [2]. Group 1: IPO Details - Zhaowei Electromechanical plans to issue 26.7483 million H-shares with a maximum offering price of HKD 73.68 per share, potentially raising HKD 1.97 billion [2]. - The cornerstone investors include notable firms such as Hillhouse Capital, Mirae Asset Securities, and others, collectively committing approximately HKD 6.52 billion [2]. - The company has already been listed on the Shenzhen Stock Exchange since December 2020, with a current market capitalization of RMB 28.6 billion [3]. Group 2: Financial Performance - For the nine months ending September 30, 2025, Zhaowei Electromechanical reported revenue of RMB 1.255 billion, an 18.7% increase from RMB 1.057 billion in the same period last year [9]. - The company’s gross profit for the same period was RMB 409.937 million, up from RMB 328.365 million year-on-year [9]. - The adjusted net profit for the first nine months of 2025 was RMB 193.252 million, reflecting a strong performance compared to previous years [12]. Group 3: Dividend History - Zhaowei Electromechanical has distributed cash dividends of RMB 34.1 million, RMB 28.9 million, RMB 93.5 million, and zero for the years 2022, 2023, 2024, and the first three months of 2025, respectively [5]. - The company approved a cash dividend of RMB 68.5 million at the shareholders' meeting in May 2025, which has been fully paid [5]. Group 4: Business Focus - Zhaowei Electromechanical specializes in providing integrated micro-drive and drive system solutions tailored for high-growth sectors such as smart automotive, robotics, consumer technology, medical technology, and advanced industrial manufacturing [8]. - The company has launched three major proprietary product platforms, including high-performance servo motors, drum motors, and dexterous hands, targeting high-potential industries [8].