New stock news | Shenzhen Zhaowei Machinery & Electronics (003021.SZ) is undergoing a hearing at the Hong Kong Stock Exchange, and is China's largest provider of integrated micro transmission and drive system products.

According to the disclosure by the Hong Kong Stock Exchange on January 30, Shenzhen Zhaowei Machinery & Electronics Co., Ltd. (referred to as Shenzhen Zhaowei Machinery & Electronics (003021.SZ)) conducted a listing hearing on the main board of the Hong Kong Stock Exchange. CMSC International and Deutsche Bank are the joint sponsors. The prospectus shows, according to a report by Frost & Sullivan, based on revenue projections for 2024, Shenzhen Zhaowei Machinery and Electronics is the largest integrated provider of micro transmission and drive systems in China and the fourth largest globally, with market shares of 3.9% and 1.4% respectively. Shenzhen Zhaowei Machinery & Electronics provides micro-transmission and drive systems, precision components, and customized molds based on specific customer needs. Micro-transmission and drive systems are highly integrated systems provided to customers, typically including: (1) transmission systems, which are the functional core of each product provided to customers; and (2) micro-motor systems and/or (3) electronic control systems, other functional modules required by customers for each product. These three functional systems combined into a unified system convert and transmit power provided by a power source to actuators, achieving key functions such as power transmission, control, variable speeds, and steering. The company's customers mainly come from various industries such as automotive, industrial, consumer electronics, medical devices, and telecom industries. As of now, Shenzhen Zhaowei Machinery & Electronics has launched three major platform-based proprietary branded products, the high-performance servo motor series, drum motors, and dexterous hands. The company's high-performance servo motor series has strong output capacity, dynamic performance, and efficiency, widely applicable to various applications including high-end consumer technology products. The company's drum motor drive system is a highly integrated electric drum that combines motors, gearboxes, and electronic control systems in a compact and efficient structure. It meets customers' peak operational power output needs, uses modular design for easy assembly and maintenance, gearboxes made of high-strength materials for enhanced durability and stability, and supports a standard product line for various applications. The company has developed highly integrated micro-drive modules, successfully applied to dexterous hand products, capable of accurately simulating human grasping and fine motion control. As China's first company to introduce commercially available high-degree-of-freedom dexterous hand products, the company has established partnerships with upstream and downstream partners in the industry chain and officially launched the global commercialization process. According to Frost & Sullivan's report, the company's commercialization of dexterous hands ranks among the top globally. As of September 30, 2025, Shenzhen Zhaowei Machinery & Electronics has established production facilities in Shenzhen, Dongguan, and Suzhou, China. The utilization rates of the Shenzhen production base were 82.2%, 80.4%, 80.8%, and 81.0% for the years 2022, 2023, 2024, and nine months ending September 30, 2025, respectively. During the same period, the utilization rates of the Dongguan production base were 83.9%, 77.5%, 81.4%, and 85.3%. The company also started using some facilities at the newly established production base in Suzhou, China, in 2025. According to Frost & Sullivan's report, the market size of integrated micro-transmission and drive systems in China has increased from RMB 20.3 billion in 2020 to RMB 33.2 billion in 2024, with a compound annual growth rate of 13%. It is expected with industry upgrades and technological advancements, the market will reach RMB 72.6 billion in 2029, with the compound annual growth rate increasing to 17.3% from 2025 to 2029. Financially, for the years 2022, 2023, 2024, 2024, and the nine months ending September 30, 2025, Shenzhen Zhaowei Machinery & Electronics had revenues of approximately RMB 1.152 billion, RMB 1.206 billion, RMB 1.525 billion, RMB 1.057 billion, and RMB 1.255 billion respectively. During the same period, the profits were approximately RMB 150 million, RMB 180 million, RMB 225 million, RMB 159 million, and RMB 182 million.