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Zhaowei Drive Systems News
Shenzhen ZHAOWEI Machinery & Electronics has been Listed Successfully, Gaining Momentum for the Next Decade
On December 4, 2020, Shenzhen ZHAOWEI Machinery & Electronics Co., Ltd. (Stock abbr: ZHAOWEI; Stock code：003021) successfully went public on SME board in Shenzhen Stock Exchange.
Amid this round of fund raising, ZHAOWEI publicly offered 26.67 million shares, including 26.67 million new shares at an issuance price of 75.12 yuan/share. The new IPO raised a fund up to 2.003 billion yuan with a total equity of 106.67 million shares. The company mainly engages in R&D, production and distribution of micro drive systems, injection molding and precision molding. As of 2019, the company has earned revenue of 1.783 billion yuan, and a net profit of 357.0641 million yuan.
ZHAOWEI, founded in 2001, is a superb company dedicated to the supply of quality electrical machinery.
In 2005, ZHAOWEI became supplier for Panasonic, Sanyo and Sankyo, Canon, Nikon and Asia Optical.
In 2008, ZHAOWEI was transformed into a manufacturer in automotive sector, and established collaborations with leading enterprises such as Denso, Toyota, BYD and GWM.
In 2009, ZHAOWEI further enlarged the coverage of micro gearbox products in home appliances and IT industry, established close collaborations with GREE, Tencent, DOOYA, Somfy, AUX and STANDARD.
As of 2011, ZHAOWEI had become a highly mature key-player in motor and gear industry. The company focused on micro gear transmission systems. By achieving higher quality standards, ZHAOWEI became long-run partner for FT500 companies, such as BOSCH and HUAWEI.
The year of 2017 is a pivotal year of R&D. ZHAOWEI launched a series of activities for motor drive control, as well as embedded software design, and smart hardware design. With a successful IPO in late 2017, ZHAOWEI was granted substantial momentum for the entire upgrade of precision driving systems.
In 2018, ZHAOWEI established a technology center. Chairman Haizhou Li won the Talented Award for Technological Innovation and Entrepreneurship. ZHAOWEI products were granted recognition as Guangdong TOP Brand Products.
In 2019, ZHAOWEI Industrial Park was successfully put into use. The company officially submitted the IPO listing proposal, and won Special Prize of the Science Technology Award of China Machinery Industry, Gold Prize of China Good Design Award and the 2nd Class Prize of the State Science Technology Advancement Award.
The company is always devoted to create a smarter and better life. Vision & Mission—Committed to progress in the field of micro-drives to create a smarter and better life）The pivotal values of the company, Value Creation/Innovation Persistence in innovation Unremitting Endeavor/Magnificent Excellence has been deeply embedded into each and every mind in ZHAOWEI.
www.zwgearbox.com
