HK Stock Market Move | Shenzhen Zhaowei Machinery & Electronics (02692) rose by over 9% to reach a record high, entering the market on its first day of trading. The agile hand products will penetrate the humanoid Siasun Robot & Automation industry.

Shenzhen Zhaowei Machinery & Electronics (02692) rose more than 9% on the first day of listing, reaching a high of 84.55 Hong Kong dollars, a new high. As of the time of writing, it has increased by 9.66% to 80.05 Hong Kong dollars, with a trading volume of 212 million Hong Kong dollars. On the news front, after the close of trading on March 6, the Shanghai and Shenzhen Stock Exchanges announced that the list of stocks eligible for the Hong Kong Stock Connect had been adjusted and would take effect from March 9, with Shenzhen Zhaowei Machinery & Electronics being included in the list. According to the prospectus, based on revenue in 2024, the company is China's largest integrated provider of micro transmission and drive system products and the world's fourth-largest such provider, with market shares of 3.9% and 1.4% respectively. The company's products mainly include transmission systems, micro motor systems, electronic control systems, and key support injection molded parts for micro transmission and drive systems. The company's downstream products mainly include automobiles, advanced industry and intelligent manufacturing, medical technology, consumer technology, and humanoid intelligent Siasun Robot & Automation, among others. Guotai Haitong believes that in July 2025 the company will release the new generation dexterous hands DM17 and LM06, with DM17 adopting a full direct drive scheme with 17 active degrees of freedom and an optional electronic skin, capable of performing complex and fine movements; LM06 has 6 active degrees of freedom and strong gripping force, meeting the demand for high-intensity operational scenarios. The company is deeply involved in the field of micro transmission, and the release of dexterous hand products signifies that the company can provide an end-to-end technical solution for downstream customers. In the first nine months of 2025, the company's humanoid intelligent sector achieved revenue of 15.53 million yuan, a year-on-year increase of 281%, becoming the first to achieve scale sales in the humanoid intelligent sector. The bank believes that the humanoid Siasun Robot & Automation industry is expected to provide new growth opportunities for the company.