11月23日晚间，兆威机电公告称，公司发行境外上市外资股（H股）获得中国证监会备案。公司本次发 行尚需取得香港证券及期货事务监察委员会和香港联合交易所等相关监管机构、证券交易所的批准、核 准。 4月，兆威机电启动赴港上市计划，并在两个月后正式向港交所递交上市申请。 进一步提升公司治理水平和核心竞争力，深入推进公司全球化战略，是兆威机电在A股上市近五年后， 启动赴港IPO的主要原因。 随着新能源汽车、人工智能等领域的快速发展，微型传动与微型驱动行业市场规模持续扩大。作为微型 传动领域的龙头企业，兆威机电的盈利能力稳步提升。 2025年前三季度，兆威机电实现营业收入12.55亿元，同比增长18.7%；归属于上市公司股东的净利润 （以下简称"归母净利润"）1.81亿元，同比增长13.86%。 长江商报记者注意到，兆威机电的A股IPO募投项目兆威机电产业园建设项目在达成预定可使用状态 后，累计已实现效益11.54亿元。 长江商报消息 ●长江商报记者 徐佳 兆威机电（003021.SZ）赴港上市取得新进展。 长江商报记者注意到，持续拓展优化全球布局、加快业务国际化进程，是兆威机电2025年经营计划的重 要内容。赴港二次 ...

深圳市兆威机电股份有限公司 投资者关系活动记录表 证券代码：003021 证券简称：兆威机电 编号：2025-006 A：尊敬的投资者，您好！当前公司基本面向好，生产经营正常， 各项工作有序开展。二级市场的股票价格受到宏观经济环境、公 司所属行业、市场情绪、投资者预期等多方面因素的影响，公司 密切关注二级市场股价走势，也请广大投资者注意投资风险。感 谢您的关注! Q7：为什么两个月了股价一直创新低，公司是否有市值管理计 划？ A：尊敬的投资者，您好！公司始终专注于提升经营质量和核心 竞争力，推动业绩稳定增长，为投资者创造长期价值。公司重视 市值管理，坚持做好信息披露质量、投资者关系管理。感谢您的 关注！ Q8：目前对于灵巧手的订单如何，市占率如何。 A：尊敬的投资者，您好！公司密切关注行业市场动态和技术发 展趋势，紧跟客户需求，把握市场机遇。感谢您的关注！ Q9：你好董秘，兆威机电预计多久能在港交所上市，有没有明 确的时间节点。 A：尊敬的投资者，您好！公司 H 股上市正常推进过程中，后续 如有进展需要披露，公司将及时在交易所指定网站披露相关内 | | 特定对象调研 □分析师会议 | | --- | --- ...

Core Viewpoint - The company reported strong financial performance in the first half of 2025, with significant year-on-year growth in revenue and net profit, driven by the increasing demand for micro transmission systems and advancements in various sectors such as automotive and artificial intelligence [1][2][3]. Financial Performance - The company achieved a revenue of 787 million yuan in the first half of 2025, representing a year-on-year increase of 21.93% - The net profit attributable to shareholders was 113 million yuan, up 20.72% year-on-year - The non-recurring net profit was 96.7 million yuan, reflecting a growth of 33.39% year-on-year [1][2][3]. Business Segmentation - Micro transmission systems generated revenue of 498 million yuan, a year-on-year increase of 20.51%, accounting for 63.25% of total revenue - Precision parts revenue reached 239 million yuan, growing 16.25% year-on-year, making up 30.44% of total revenue - Revenue from precision molds and other segments was 50 million yuan, with a remarkable growth of 88.52%, contributing 6.31% to total revenue [3]. Profitability Metrics - The company's gross margin stood at 31.97%, an increase of 0.74 percentage points year-on-year - The net profit margin was 14.4%, a slight decrease of 0.14 percentage points year-on-year - The non-recurring net profit margin improved to 12.29%, up 1.05 percentage points year-on-year - The increase in gross margin and non-recurring net profit margin was primarily due to a rise in the gross margin of precision parts by 5.82 percentage points and a slight decrease in operating expenses, particularly in R&D costs [3]. Industry Trends and Developments - The rapid development of electric vehicles and artificial intelligence is driving demand in the micro transmission and micro drive sectors, with trends towards smart, digital, green, miniaturized, high-speed, customized, and diversified solutions - The company has established long-term partnerships with key automotive clients such as Bosch, BYD, and Li Auto, achieving significant progress in providing precision components and transmission systems for various automotive applications [4]. - The company has made breakthroughs in humanoid robot technology and has launched innovative products like the DM17 and LM06, which cater to diverse operational needs [5]. Future Outlook - The company forecasts revenues of 1.866 billion yuan, 2.34 billion yuan, and 2.977 billion yuan for 2025 to 2027, with net profits of 273 million yuan, 355 million yuan, and 465 million yuan respectively, indicating a positive growth trajectory [7].

Investment Rating - The investment rating for the company is maintained as "Buy" [1] Core Views - The company reported a significant growth in net profit attributable to shareholders, with a 20.72% year-on-year increase in H1 2025, reaching 113 million RMB, and a 52.28% increase in Q2 2025, amounting to 59 million RMB [1] - The company is expanding its product lines in the precision transmission field and is actively entering emerging sectors such as humanoid robotics and medical technology, showcasing strong technical capabilities [2][4] - The gross margin for H1 2025 was 31.97%, reflecting a year-on-year increase of 0.74 percentage points, while the net margin slightly decreased by 0.14 percentage points to 14.40% [3] Revenue and Profitability - In H1 2025, the company achieved revenues of 787 million RMB, a 21.93% increase year-on-year, with Q2 revenues reaching 419 million RMB, up 25.93% [1] - The revenue breakdown by business segment shows that micro transmission systems, precision injection parts, and precision molds generated revenues of 498 million RMB, 239 million RMB, and 50 million RMB respectively, with year-on-year growth rates of 20.51%, 16.25%, and 88.52% [2] Innovation and Product Development - The company is leveraging a collaborative innovation system to enhance the integration of transmission systems, micro-motor systems, and electronic control systems, successfully developing key technologies [4] - New product launches include the DM17 and LM06 bionic dexterous hand series, designed to meet diverse application needs with advanced features [4] Financial Forecast and Valuation - The company’s projected net profits for 2025-2027 are 254 million RMB, 315 million RMB, and 393 million RMB respectively, supported by its technological advancements and product diversification [5] - The estimated revenue for 2025 is 1.945 billion RMB, reflecting a growth rate of 27.57% compared to 2024 [11]

在备受关注的机器人领域，兆威机电于2025年7月发布新一代仿生灵巧手系列产品DM17与LM06，通过 差异化设计满足多元场景需求。DM17依旧采用全直驱方案，集成了微型减速器、电机、控制单元及电 子皮肤传感器等，具备17个主动自由度，通过多关节多层级力位协同的柔顺控制，可执行更为复杂精细 的动作；LM06采用连杆方案，具备6个自由度，具备20公斤级抓握负载，可满足高强度作业场景需求。 公司披露，苏州兆威驱动产业园主体工程有序推进，目前已进入装修收尾阶段。同时美国兆威与德国兆 威稳步运营，配合德国兆威，为公司全球扩张奠定了坚实基础。（文穗） （文章来源：证券时报网） 8月27日晚间，兆威机电（003021.SZ）披露半年度报告，上半年公司实现营业收入7.87亿元，同比增长 21.93%；归母净利润1.13亿元，同比增长20.72%。其中第二季度营业收入4.19亿元，同比增长25.93%； 归母净利润5856.12万元，同比增长52.28%。上半年公司研发投入8140.08万元，保持稳步增长。 兆威机电是全球领先的微型传动及驱动系统解决方案提供商，产品广泛应用于智能汽车、消费及医疗科 技、先进工业及智造、机器人四 ...