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【Value Optimization】Zhaowei Electromechanical: Micro transmission system opens up high growth space

Author|Ding Zhenyu, Editor|Gu Jinfeng

Source: Jufeng Investment Advisory, Good Stock Application

The main business of Zhaowei Electromechanical is the research and development, production and sales of micro transmission systems. The company's micro transmission system for service robots is mainly used in specific scenarios such as home sweeping robots, entertainment robots, educational robots, robot joints, etc., which is the company's newly developed product application field, and is currently dominated by household sweeping robots.

【Value Optimization】Zhaowei Electromechanical: Micro transmission system opens up high growth space
【Value Optimization】Zhaowei Electromechanical: Micro transmission system opens up high growth space
【Value Optimization】Zhaowei Electromechanical: Micro transmission system opens up high growth space

The company's layout in related fields:

XR: The company's IPD (interpupillary distance) adjustment products, magnetic sensing systems, automatic head tightening devices, smart glasses hidden micro speakers, etc.

Automotive electronics: micro drive systems, micro drive components, including all kinds of actuators, intelligent electronic drive control, motion control systems and other core components and drive solutions, basically covering the body, cabin, supporting facilities and other application scenarios.

Communications: The company provides core components for base station antennas, and increases customer R&D cooperation in the small base station market. The company provides RCU adjustment modules and antenna feeder drive modules for base station antennas for the mobile communication industry.

Smart home: The company mainly provides micro transmission gearboxes, spare parts and other products for the smart home industry, as well as intelligent drive solutions for home appliances.

Medical devices: The company provides core electronic devices for medical equipment, covering injection, surgery, cleaning, testing and other links.

Humanoid robots: The company's current products in the field of robots can be mainly used in robot head rotation, robot joints, automatic feeders, programming robot servos and other fields.

The first quarter report of 2024: net profit attributable to shareholders of listed companies was 55.3715 million yuan, a year-on-year increase of 96.04%.

【Value Optimization】Zhaowei Electromechanical: Micro transmission system opens up high growth space

Since the company's listing, the performance has been stable, revenue and profit have grown simultaneously, and with the development of robots in the future, the company's performance is expected to accelerate the release. Guoyuan Securities gave Zhaowei Electromechanical a buy rating: In the process of upgrading the intelligent application of terminal devices driven by artificial intelligence, the importance of micro transmission systems is constantly increasing. We are optimistic about the significant impact of XR volume and new automotive electronics project development on the company's performance. It is predicted that the company's net profit attributable to the parent company in 24 years will be 240 million yuan, and 60xPE will be given, corresponding to the stock price of 85.3 yuan, maintaining the investment rating of "buy".

From a technical point of view, the current stock price has formed a W bottom, the short-term stock price is subject to the 120-day moving average suppression, once the upward breakout, the short-term is expected to accelerate, investors can track the dip.

【Value Optimization】Zhaowei Electromechanical: Micro transmission system opens up high growth space

(Author: Ding Zhenyu Practicing Certificate: A0680613040001)

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