Investment Rating - The investment rating for the company is "Buy" [4] Core Insights - The company achieved revenue of 1.255 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 18.70%, and a net profit attributable to shareholders of 181 million yuan, up 13.86% year-on-year [1][4] - In Q3 2025 alone, the company reported revenue of 469 million yuan, a year-on-year increase of 13.65% and a quarter-on-quarter increase of 11.83%, with a net profit of 68 million yuan, reflecting a year-on-year growth of 4.01% and a quarter-on-quarter growth of 16.04% [1][4] - The company is strengthening its core business, with micro drive systems generating revenue of 498 million yuan in H1 2025, up 20.51% year-on-year, and precision injection molding parts achieving revenue of 239 million yuan, up 16.25% year-on-year [2] - The company is actively expanding into the smart automotive sector, establishing long-term partnerships with major clients such as Bosch, BYD, and Li Auto, and is also focusing on consumer and medical technology applications [2] - The company is making breakthroughs in high-end applications of intelligent robotics, with the launch of innovative dexterous hand technologies that feature multiple degrees of freedom and advanced sensing capabilities [3] Financial Performance Summary - For 2025, the company is projected to achieve net profits of 261 million yuan, 331 million yuan, and 443 million yuan for the years 2025, 2026, and 2027 respectively, with year-on-year growth rates of 15.9%, 26.8%, and 33.8% [3] - The earnings per share (EPS) are expected to be 1.08 yuan, 1.37 yuan, and 1.84 yuan for the years 2025, 2026, and 2027 respectively [3] - The company's revenue is forecasted to grow from 1.870 billion yuan in 2025 to 2.956 billion yuan in 2027, with growth rates of 22.6% and 26.8% [7]
兆威机电（003021）：公司Q3业绩同环比提升，机器人灵巧手产品不断突破