Zhaowei Machinery兆威机电

About

China's #1 micro-drive system provider (global #4). A+H dual-listed (003021.SZ, 02692.HK). Huawei's exclusive dexterous hand supplier. ZWHAND series: DM17 (17 active DoF), LM06 (6 active DoF), DM20 (20 active DoF). Full direct-drive scheme with micro hollow cup motors (power density >0.5W/g). Also supplies precision reducers for Xiaomi CyberOne.

Shenzhen, Guangdong · Founded 2001 · Company website

Why in the Index

Micro-motor and gearbox specialist. Dexterous-hand actuator components — a critical humanoid sub-system.

PAI exposure of 70% reflects the share of trailing-twelve-month revenue attributed to Physical AI activities. See methodology §4 for inclusion criteria and §6 for how PAI exposure scales the weight.

Key Physical AI activities

• Zwhand DM17 · Dexterous hand · 2025Full direct-drive, 17 active DoF (expandable to 18-20), micro hollow cup motors
• Zwhand LM06 · Dexterous hand · 20256 active DoF — industrial applications
• Zwhand DM20 · Dexterous hand · 202520 active DoF — highest-end model
• Joint Modules · Actuator · 2025Rotary and linear joint modules for humanoid robots
• Micro-drive Systems · product
• B20 Dexterous Hand (20 DOF) · product
• DM17 Dexterous Hand · product
• LM06 Dexterous Hand · product

Key partnerships

• Huawei (exclusive dexterous hand supplier)
• Xiaomi (CyberOne precision reducers)
• Kedali (joint venture for electromechanical integration)

Milestones

• 2024-11—First ZWHAND dexterous hand product launched at Shenzhen CHTF
• 2025-03—Established Shenzhen Zhaowei Dexterous Hand Technology subsidiary
• 2025-07—Released new generation ZWHAND series (DM17, LM06, DM20) with upgraded performance
• 2026-03—Listed on Hong Kong Stock Exchange (02692.HK) — became A+H dual-listed company

Competitive position

Only public company in dexterous hand space with A+H dual listing. Huawei exclusive dexterous hand supplier. Micro-drive technology leadership (module 0.065mm gears). ¥1B robot project in Jiujiang with 5,000 sets/year capacity. Joint venture with Kedali for electromechanical integration. 2024 revenue ¥1.64B (robotics only 0.4% — room for growth). Dexterous hand actuators and transmission systems. Expanding Dongguan and Suzhou facilities, targeting completion 2026.

Recent activity