Movement Alert|Zhaowei Mechatronics Falls 5.04% in Regular Trading, Q1 Earnings Pressure Combined with Profit-Taking After Recent Rebound

Market Focus06-10

On June 10, Zhaowei Mechatronics (02692.HK) fell 5.04% in regular trading, trading at 65.05 HKD/share, with trading volume of 34.92 million HKD.

On the news front, the stock had previously rallied from late-May lows driven by the dexterous hand concept, reaching as high as 70.6 HKD on June 8 with an intraday gain exceeding 6%. The significant short-term cumulative gains created profit-taking pressure. On fundamentals, the company reported Q1 revenue of 357 million RMB, down 2.74% year-over-year, with net profit attributable to shareholders declining 25.15% and non-GAAP net profit falling 31.89%. The company has explicitly stated that its robotics business accounts for a relatively small proportion of revenue and contributes minimally to overall performance. While Zhaowei holds a vertically integrated competitive advantage in robotic hand components and has signed strategic cooperation agreements with 12 humanoid robot manufacturers, the commercial scale remains limited relative to its core automotive electronics and micro-drive systems business.

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