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]

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. 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 [4] - Non-imaging products include stepper motors and brushless DC motors, deployed in applications such as robotic vacuum cleaners, security monitoring, and automotive electronics. The company is also expanding 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][5] - The gross profit for the same periods was RMB 71.50 million in 2023, RMB 249.35 million in 2024, and RMB 234.35 million for the nine months ending September 30, 2025 [8][5] - The company recorded a net loss of RMB 30.10 million in 2023, followed by a profit of RMB 104.76 million in 2024 and a profit of RMB 97.06 million for the nine months ending September 30, 2025 [7][5] 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%. It is expected to reach USD 197 billion by 2029, with a forecasted CAGR of 4.6% from 2025 to 2029 [9] - 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, and projected to reach USD 66.4 billion by 2029, with a CAGR of 5.1% from 2025 to 2029 [10]

Core Viewpoint - The piezoelectric motor market is experiencing a decline due to reduced demand in the camera lens sector, while other applications such as medical devices and robotics show steady growth potential [9][10]. Industry Current Status Analysis - The growth of the piezoelectric motor market is driven by strong demand from emerging industries, including industrial automation, smart manufacturing, and the rapid development of electric vehicles [3]. - The consumer electronics sector, particularly in smartphone applications, continues to consume a significant amount of micro piezoelectric motors [3]. Technical Characteristics - The core advantages of piezoelectric motors stem from their unique working principle, allowing for nanometer-level precision and rapid response times [4]. - They are compact, have high power density, and produce minimal noise, making them irreplaceable in precision drive applications [4]. Downstream Applications - Piezoelectric motors are widely used in consumer electronics, industrial automation, medical devices, and high-end manufacturing sectors [4]. - Future applications are expected to expand further with the trends of miniaturization and high performance [4]. Market Competition Landscape - The global piezoelectric motor market is characterized by diversified competition, with leading companies from Japan and Europe dominating the high-end market [4][16]. - China's piezoelectric motor industry is rapidly developing, gradually increasing its market share [16]. Miniaturization and Integration - There is a continuous trend towards reducing the size of piezoelectric motors to meet the demands of compact and high-functionality drive components in consumer electronics and medical devices [5]. - Integration with control electronics is being pursued to achieve more precise and faster feedback control [5]. Development of High-Performance Piezoelectric Materials - Research is focused on developing lead-free piezoelectric ceramics to comply with environmental regulations [5]. - Enhancements in performance metrics such as piezoelectric coefficients and thermal stability are being targeted for specific applications [5]. Energy Harvesting Technology - Piezoelectric elements are being utilized to convert environmental energy into electrical energy for powering IoT devices and wireless sensor networks [6]. Technological and Structural Innovations - New sensor topologies and manufacturing techniques, including MEMS microfabrication and 3D printing, are being developed to optimize piezoelectric motor performance [7]. - Efforts are being made to improve cost-effectiveness and durability of piezoelectric motors [7][8]. Global Market Size Analysis - The global piezoelectric motor market is projected to reach $294.81 million by 2024, with a forecasted decline to $230.33 million by 2031, reflecting a CAGR of -2.97% from 2025 to 2031 [10]. - The market is significantly influenced by the performance of leading companies like Canon and Tamron, particularly in the camera lens segment [9][10]. Consumer and Production Market Insights - Japan is the largest consumer market for piezoelectric motors, holding a 52.44% market share in 2024, followed by Southeast Asia and China [15]. - On the production side, Japan and Europe dominate, with Japan accounting for 95.03% of the market share in 2024 [15][16].