Zhaowei Machinery (02692) has announced that its A-share shares rose by a cumulative deviation of more than 20% over two consecutive trading days on October 22, 2026, and October 23, 2026. According to relevant rules of the Shenzhen Stock Exchange, this constitutes an abnormal fluctuation in share trading.
After conducting an internal review and verifying with the company's controlling shareholder and actual controller, as of the date of this announcement, there are no major matters that should be disclosed but have not been disclosed.
In response to market attention on the company as a "humanoid robot concept stock," the company stated that its main business is the production, design, research and development, and sales of micro transmission and micro drive systems. Among the products it sells, revenue from business related to the humanoid robot sector accounts for an extremely low proportion of the company's operating revenue. Based on rough estimates, this portion of business revenue does not exceed 1% of the company's operating revenue for the first half of 2026, and it is expected that this business will not have a material impact on the company's operating performance in 2026.
The company noted that the market has shown relatively high interest in humanoid robots and AI hardware products, and hereby clarifies the following: the fields of humanoid robots and AI hardware products belong to emerging industries or new scenario demands, and place relatively high requirements on the company's research and development and product design capabilities. The company's related products still require a relatively long period before large-scale mass production. Recently, the company has not added major customers in this business segment, nor has it obtained or expects to obtain major new large orders. At the same time, the progress of product research and development and mass production in related directions is affected by multiple factors, including the company's research and development investment, technological iteration, market environment, and customer demand, and whether expected benefits can be achieved remains uncertain. Investors are advised to pay attention to investment risks.
Apart from the foregoing, the company has not found any undisclosed major information in recent public media reports that may or has already had a relatively large impact on the company's share trading price.
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