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Chinese maker of precision micro-gear transmission systems and micro-motors used in smartphone cameras, drones and medical devices.
Chinese maker of precision micro-gear transmission systems and micro-motors used in smartphone cameras, drones and medical devices.
In one line: A niche precision-mechatronics supplier.
Moat: narrow (process know-how, customer qualification). Precision micro-mechanical engineering expertise qualified into smartphone camera and drone supply chains.
Headquarters: Shenzhen, China · Founded: 1993 · Employees: 2,381
Size Shenzhen Zhaowei Machinery & Electronics (2692.HK) is a Hong Kong Industrials company (Industrial Machinery) with a market value of $3.16B, the 332nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$33.42 on 6 Nov 2026.
Performance Over six months the shares fell 51.9%, against -17.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 5.0% over the last twelve months (peer median +14.8%); the operating margin is 9.4% (peer median 8.7%).
Valuation It trades at 34.8× forward earnings against a peer median of 25.8× (7th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +26 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.7 points above its cost of capital (7.1% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$1.95B | HK$1.85B | HK$1.65B | HK$1.33B | HK$1.33B |
| Revenue growth | — | +12% | +24% | 0% | — |
| Gross profit | HK$705M | HK$573M | HK$483M | HK$356M | HK$372M |
| EBITDA | n/a | HK$339M | HK$264M | HK$187M | HK$190M |
| Net income | HK$221M | HK$276M | HK$244M | HK$199M | HK$175M |
| Free cash flow | HK$155M | HK$40.8M | HK$23.4M | HK$39.9M | -HK$7.41M |
| Capital expenditure | HK$241M | HK$185M | HK$183M | HK$228M | HK$303M |
| Total debt | HK$336M | HK$392M | HK$381M | HK$279M | HK$238M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Zhaowei Machinery & Electronics 2692.HK | $3.16B | -52% | +5% | 9% | 34.8× | 33.0% |
| Sunny Optical 2382.HK | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% |
| Q Technology (Group) 1478.HK | $674M | -50% | +31% | 3% | 6.9× | n/a |
| Nidec 6594.T | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2692.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | -13.2% | 9th highest of 21 |
| 6-month return | -51.9% | -17.4% | 2nd lowest of 21 |
| Distance from 52-week high | -64.8% | -41.2% | lowest of 21 |
| Revenue growth (TTM) | +5.0% | +14.8% | 6th lowest of 21 |
| Operating margin | 9.4% | 8.7% | 11th highest of 21 |
| Forward P/E | 34.8× | 25.8× | 7th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 33.0% | 15.7% | 2nd most demanding of 13 |
| Growth delivered (Del g) | +6.8% | +11.0% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | +26.2 pp | +7.0 pp | 3rd most demanding of 13 |
| ROIC minus cost of capital | +0.7 pp | +0.0 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Zhaowei Machinery & Electronics 2692.HK | Hong Kong | $3.16B | -52% | +5% | 9% | 34.8× | 33.0% | +6.8% |
| Tokyo Seimitsu 7729.T | Japan | $3.16B | -29% | +17% | 22% | 15.2× | 16.0% | +11.4% |
| Infore Environment Technology 000967.SZ | China | $3.14B | -53% | +20% | 8% | 26.5× | -0.8% | -0.7% |
| Takasago Thermal Engineering 1969.T | Japan | $3.13B | -21% | +2% | 11% | 10.8× | 3.8% | +9.0% |
| SIASUN Robot & Automation 300024.SZ | China | $3.12B | -11% | +11% | -7% | 235.7× | n/a | n/a |
| Jack Technology 603337.SS | China | $3.09B | +15% | +13% | 10% | 22.8× | 4.2% | +13.3% |
| AIA Engineering AIAENG.NS | India | $3.08B | -22% | +7% | 24% | 22.8× | 20.4% | +9.1% |
| Carel Industries CRL.MI | Italy | $3.24B | -11% | +17% | 15% | 30.5× | 23.3% | +13.7% |
| Formosa Sumco Technology 3532.TW | Taiwan | $3.01B | +12% | +9% | 4% | 50.5× | n/a | n/a |
| Bozhon Precision Industry Technology 688097.SS | China | $3.00B | -23% | +74% | 7% | 23.6× | n/a | n/a |
| SINOMACH Heavy Equipment 601399.SS | China | $3.33B | -28% | 0% | 4% | n/a | n/a | n/a |
| Catcher Technology 2474.TW | Taiwan | $2.99B | -14% | -18% | 10% | 16.3× | 12.4% | -25.7% |
| Kaori Heat Treatment 8996.TW | Taiwan | $3.34B | -1% | +108% | 16% | 42.6× | 46.0% | +25.9% |
| China First Heavy Industries 601106.SS | China | $2.98B | -36% | 0% | 0% | n/a | n/a | n/a |
| Moon Environment Technology 000811.SZ | China | $3.34B | -10% | +27% | 10% | 25.8× | 20.9% | +11.8% |
| Worthington Enterprises WOR | United States | $2.98B | +11% | +18% | 6% | 15.7× | 24.7% | -15.3% |
| Jiangsu Lettall Electronic 603629.SS | China | $3.41B | -40% | +27% | 34% | n/a | 4.8% | +15.0% |
| Guangdong Shenling Environmental Systems 301018.SZ | China | $3.42B | -27% | +45% | 5% | 64.8× | n/a | n/a |
| Blue Star BLUESTARCO.NS | India | $3.43B | -10% | +9% | 5% | 56.0× | n/a | n/a |
| Kadant KAI | United States | $3.46B | -14% | +17% | 16% | 21.7× | 15.5% | +10.6% |
| Thermax THERMAX.NS | India | $3.46B | -34% | +5% | 6% | 43.6× | n/a | n/a |