02692 兆威機電
ZHAOWEI
ZHAOWEI
| Register Close | 2026/03/04 IPO Closing in 5 Days |
| Listing Date | 2026/03/09 |
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IPO Detail
COMPANY PROFILE
Shenzhen Zhaowei Machinery & Electronics Co. provides micro transmission and drive systems and precision components, as well as customized molds based on specific customer requirements. Micro transmission and drive systems are highly integrated systems delivered to customers, typically consisting of the transmission system, and the micro motor system and/or electronic control system.
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The Group has developed three major platform-based products under its ZHAOWEI brand, i.e., high-performance servo motor series, drum motor and dexterous hand. According to the Report, the Group is the No. 1 provider of integrated micro transmission and drive system products in China and No. 4 provider globally as measured by revenue in 2024, with a respective market share of 3.9% and 1.4%.
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As of September 30, 2025, the Group possessed 405 relevant patents, ranking No. 1 in China’s integrated micro transmission and drive system industry, it had established production bases in Shenzhen, Dongguan and Suzhou, China. The Group primarily provides integrated micro transmission and drive system products tailored to the specific needs of high-growth industry verticals, ranging from intelligent automotive, consumer technology, healthcare technology and advanced industrial manufacturing to embodied robotics.
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The Group generates revenue primarily from the provision of integrated micro transmission and drive system products and its customers primarily consist of enterprises across a variety of industry verticals, such as automotive manufacturers, industrial companies, consumer electronic companies, medical device companies, and telecommunication companies, and it deal with its customers under direct sales model.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 26.75M H shares |
| No. of International Offer Shares | 24.07M H shares |
| No. of HK Offer Shares | 2.67M H shares |
| Offer Price | $73.68 |
| Stock Code | 2692 |
| Sponsor(s) | China Merchants Securities (HK) Co., Limited, Deutsche Securities Asia Limited |
| Underwriter(s) | China Merchants Securities (HK) Co., Limited, Deutsche Bank AG, Hong Kong Branch, CLSA Limited, ABCI Capital Limited, ABCI Securities Company Limited, BOCOM International Securities Limited, Futu Securities International (Hong Kong) Limited, Yellow River Securities Limited, Open Securities Limited, I Win Securities Limited |
TIME TABLE
| Application Period | Feb 27 (Fri) - noon, Mar 04 (Wed) |
| Price Determination Date | Mar 05 (Thu) |
| Result Announcement Date | On or before Mar 06 (Fri) |
| Result Announcement Date | On or before Mar 06 (Fri) |
| Result Announcement Date | On or before Mar 09 (Mon) |
| Dealings in Shares commence on | Mar 09, 2026. (Mon) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $73.68 |
| Capitalization | 35.70B |
| NAV / share ($) | $21.42 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 73.68, the net proceeds raised would be HKD 1.89B, of which |
| 35% : Global technology R&D and expansion of product portfolio |
| 30% : Expanding global production capacity worldwide and enhancing production efficiency |
| 15% : Pursuing strategic alliances, investments and acquisitions globally |
| 10% : Expanding global service and sales network |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).