New stock news | Megawatt Electromechanical (003021.SZ) has submitted a second listing application to the Hong Kong Stock Exchange, becoming China's largest integrated supplier of micro transmission and drive system products.

According to the Securities Times App, it was disclosed by the Hong Kong Stock Exchange on December 19 that Shenzhen Zhaowei Electromechanical Co., Ltd. (referred to as Zhaowei Electromechanical (003021.SZ)) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC International and Deutsche Bank as its joint sponsors. It is worth noting that the Hong Kong IPO prospectus submitted by Zhaowei Electromechanical on June 18 expired on December 18 after a period of 6 months. The prospectus shows that based on revenue in 2024, Zhaowei Electromechanical is the largest integrated provider of miniature transmission and drive systems in China, and the fourth largest globally (according to a Frost & Sullivan report), with market shares of 3.9% and 1.4% respectively.