Gelonghui November 28 | HTSC research reports point out that Shenzhen Zhaowei Machinery & Electronics (003021.SZ) focuses on micro transmission systems, precision injection molded parts, and precision mold fields, with products widely used in the automotive electronics, XR, and other fields, becoming a leading domestic micro transmission system enterprise. With the revenue base provided by automotive electronics, the company's layout of humanoid robot nimble hand electric machine module products is expected to open up a second growth curve in the long term. Considering the company's accumulated cni resource index advantages in domestic and overseas customer resources and its layout in the field of humanoid robot nimble hand electric machine module, a PE of 71 times for the company in 2025 is given, corresponding to a target price of 78.81 yuan. First coverage, with a 'buy' rating.