Yuanta Securities: The growth potential of Zhaowei Electronics is worth looking forward to, giving a "buy" recommendation.

Yuanta Securities research report pointed out that recently, Zhaowei Electrical released the new generation dexterous hand ZWHAND, focusing on various applications of embodied intelligence. The release of the new dexterous hand demonstrates the strength of the product. The company is promoting the development of the ecosystem of embodied dexterous hands, and will go to Hong Kong for an IPO: as an expert in the field of micro-drives, the company actively promotes the ecosystem of embodied dexterous hands with its full-stack capabilities from precision gearboxes, micro-motors to micro-electronic control systems. Currently, the company has successfully reached agreements with leading robot companies such as Galaxy Universal, Xinghai Map, Self-Variable, and Fourier, as well as core zero component suppliers such as Tu Jian Technology and Foray New Materials. In the future, cooperation will be carried out in five modes: dexterous hand solutions, core components, joint development, ODM, etc. In addition, in June 2025, the company officially submitted an application for listing on the main board of the Hong Kong Stock Exchange, with funds raised to be used for technological research and development, expanding production capacity, and enhancing the company's global competitiveness. As the first domestic company to launch a high-degree-of-freedom dexterous hand, the company's business growth potential is worth looking forward to, and a "buy" investment recommendation is given to the company.