New stock news | Shenzhen Zhaowei Machinery & Electronics (003021.SZ) plans to conduct a Hong Kong IPO. The China Securities Regulatory Commission requires an explanation of the specific situation of the establishment of Zhaowei in Hong Kong.

On September 5th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filings to be made public (August 29, 2025 to September 4, 2025). The CSRC requested Shenzhen Zhaowei Machinery & Electronics to explain the specific situation of Hong Kong Zhaowei's establishment and to ask the lawyer to provide a conclusive opinion on whether the failure to complete the overseas investment filing procedures constitutes a significant violation of laws and regulations. According to the disclosure by the Hong Kong Stock Exchange on June 18th, Shenzhen Zhaowei Machinery & Electronics (003021.SZ) submitted an IPO application to the Hong Kong Stock Exchange, with CMSC International and Deutsche Bank as its joint sponsors. At the same time, the CSRC requested Shenzhen Zhaowei Machinery & Electronics to explain whether the business scope and actual business operations of the issuer and its subsidiaries are involved in the areas prohibited or restricted for foreign investment according to the Special Administrative Measures for Foreign Investment Access (Negative List) (2024 Edition). According to the prospectus, Shenzhen Zhaowei Machinery & Electronics is an integrated provider of micro transmission and drive system solutions, specializing in providing customized integrated micro transmission and drive system solutions for high-growth industries such as smart cars, Siasun Robot & Automation, consumer technology, medical technology, and advanced industrial manufacturing. The semi-annual report of Shenzhen Zhaowei Machinery & Electronics in 2025 showed that during the reporting period, the company achieved operating income of 787 million yuan, an increase of 21.93% year-on-year. The net profit attributable to shareholders of the listed company was 113 million yuan, an increase of 20.72% year-on-year. The net profit attributable to shareholders of the listed company excluding non-recurring gains and losses was 96.6975 million yuan, an increase of 33.39% year-on-year. The basic earnings per share were 0.47 yuan.