Changes in Hong Kong stocks | Zhaowei Mechatronics (02692) fell more than 4%. Net profit returned to mother in the first three quarters fell 32.35% year-on-year, and customer demand in the downstream sweeper sector slowed

The Zhitong Finance App learned that Zhaowei Mechatronics (02692) fell by more than 4%. As of press release, it fell 4.29% to HK$29.92, with a turnover of HK$338.54 million.

According to the news, recently, Zhaowei Mechatronics announced that in the first three quarters of 2026, it achieved operating income of 1,262 billion yuan (RMB, same below), an increase of 0.53% over the previous year; net profit attributable to shareholders of listed companies was 123 million yuan, a year-on-year decrease of 32.35%.

According to Guojin Securities, Zhaowei Electric's 26Q3 revenue in a single quarter was 445 million yuan, -4.94% year-on-year and -2.95% month-on-month, mainly due to a slowdown in customer demand in the downstream sweeper sector. The company's gross profit margin for the first three quarters was 31.35%, -0.89pct year on year; Q3 gross profit margin was 32.43%, -0.26pct yoy and +2.10pct month-on-month, a significant improvement from month to month. The bank believes that the company has an industry-leading understanding of materials, processes and products in the field of microdrives, and has built a perfect North American customer channel. Subsequent North American customers will benefit the core from starting the volume cycle.