Core Viewpoint - The company plans to invest up to €20 million in two German subsidiaries through its wholly-owned subsidiary, Huawai Supply Chain Co., Ltd, with the actual investment amount subject to approval by relevant government authorities [1] Group 1 - The investment will be made in Jinsheng Holding Germany GmbH and Jinsheng Federn Germany GmbH [1] - The funding will be sourced from the company's own funds or raised funds [1] - The investment will be executed in phases based on market demand and business progress [1]

Core Insights - The company has signed an investment agreement and a shareholder agreement to invest in Hangzhou Jukun Robot Co., Ltd. through a capital increase, acquiring a 3.70% stake in the company [2] - The investment was completed with the registration of industrial and commercial changes on October 15 [2] - Following this investment, the company and Jukun Robot will engage in strategic cooperation focusing on dexterous hands and industrial robotic arms, leveraging the company's advantages in smart manufacturing and industry position to promote the commercialization of technological solutions and industry integration [2]

（文章来源：证券日报） 证券日报网讯华纬科技10月15日在互动平台回答投资者提问时表示，截至2025年10月10日，公司登记在 册的股东数为17788户。 ...

Core Viewpoint - Huawai Technology's subsidiary has products applied in the aviation sector, although the current business volume is relatively small [2] Company Summary - The company has indicated that its subsidiary is involved in the aviation industry [2] - The business volume related to aviation applications is currently low [2]

Core Insights - The company is experiencing a strong demand in the fourth quarter, with sufficient orders and full production capacity [1] - In 2024, the company is projected to hold a 27% market share in the domestic automotive suspension spring market [1] Group 1: Company Strategy and Technology - The company emphasizes a technology-driven approach, focusing on material research, process innovation, and intelligent manufacturing [2] - The proprietary "water quenching spring steel wire production process" significantly enhances material strength and fatigue resistance, achieving international advanced levels [2][3] - The company has developed a comprehensive R&D system with 209 national patents, including 23 invention patents and 186 utility model patents [3] Group 2: Global Expansion and Market Strategy - The company is targeting overseas markets, particularly Europe, despite facing high barriers in the supply chain and strict supplier audits [3][4] - In 2022, the company capitalized on rising supply chain costs in Europe by offering lightweight, high-strength spring solutions [4] - The company has established a presence in Germany through the acquisition of two new companies, which will serve as R&D centers to enhance collaboration with European automakers [4] Group 3: Production Capacity and Diversification - The company is expanding production capacity, with plans for new facilities in Chongqing, Morocco, and Mexico, aiming to produce millions of springs and stabilizers [5] - The company is also exploring applications for its springs in non-automotive sectors, including robotics, aerospace, and medical devices [5] - Recent investments in semiconductor equipment indicate the company's commitment to diversifying its business portfolio [6]

华纬科技（001380.SZ）10月15日在投资者互动平台表示，公司子公司有产品应用在航空领域，目前业 务量较小。 每经AI快讯，有投资者在投资者互动平台提问：请问贵公司有产品应用到国产大飞机领域吗？未来会 有大批量订单吗？ （文章来源：每日经济新闻） ...

Core Viewpoint - 华纬科技's shareholder count has decreased for the second consecutive period, indicating a potential shift in investor sentiment [2] Group 1: Shareholder Information - As of September 30, 华纬科技 has 18,446 shareholders, a decrease of 1,386 from the previous period (September 20), representing a decline of 6.99% [2] - This marks the second consecutive decline in the number of shareholders for the company [2] Group 2: Stock Performance - The closing price of 华纬科技 is 27.77 yuan, down 1.94%, while the stock has increased by 2.97% since the concentration of shares began [2] - The stock experienced 5 days of increases and 4 days of decreases during the reporting period [2] Group 3: Financial Performance - For the first half of the year, 华纬科技 reported revenue of 937 million yuan, a year-on-year increase of 32.62% [2] - The net profit for the same period was 127 million yuan, reflecting a year-on-year growth of 56.18% [2] - The basic earnings per share are 0.4683 yuan, with a weighted average return on equity of 7.27% [2]

Core Viewpoint - The recent offline research activity held by Huawai Technology attracted significant attention from the capital market, highlighting the company's core competitiveness and sustainable development potential in the spring manufacturing sector [1] Group 1: Material R&D and Profitability - Huawai Technology maintains a high gross margin due to its strong capability in material R&D, utilizing advanced production processes for spring steel wire [2] - The company has achieved continuous breakthroughs in material performance through alloy design, cold drawing processing, and rapid induction heat treatment, forming an integrated competitive advantage [2] - As of June 30, 2025, the company holds 23 national invention patents and 186 utility model patents, showcasing its technical strength recognized by industry authorities [2] Group 2: Financial Performance - For the first half of 2025, Huawai Technology reported revenue of 937 million yuan, a year-on-year increase of 32.62%, and a net profit of 127 million yuan, up 56.18% [3] - The net cash flow from operating activities turned positive at 174 million yuan, reflecting a significant improvement in profitability and capital turnover efficiency [3] - The suspension system components accounted for 85.80% of revenue, growing by 36.46%, while valve and special-shaped components saw a revenue increase of 41.45% [3] Group 3: Strategic Focus and Market Expansion - The company plans to continue focusing on its core business of elastic components while upgrading products towards lightweight and intelligent designs [4] - Huawai Technology has established joint ventures in Mexico and Morocco with total investments of 140.4 million yuan and 153 million yuan, respectively, to enhance market proximity and reduce trade risks [4] - The acquisition of controlling interest in Wuxi Zegen Spring Co., Ltd. aims to expand the scale of valve and special-shaped components and enter high-growth sectors like humanoid robots and aerospace [4] Group 4: Humanoid Robot Business Development - The humanoid robot business has achieved small batch orders and is in the process of sending samples to clients, with plans to potentially establish an independent division in the future [5] Group 5: Cost Management and Capacity Expansion - To address industry cost pressures, Huawai Technology is focusing on cost control and capacity enhancement, with plans to expand material production capacity in Nanjing [6] - The introduction of automation and optimization of production processes are expected to improve efficiency and reduce unit production costs [6] Group 6: Investment Value Proposition - Huawai Technology's deep expertise in spring materials, quality customer base, and ongoing globalization strategy position it well for sustained growth and value creation for investors [8] - The recent institutional research reflects market recognition of the company's development prospects and lays a solid foundation for future strategic execution and communication with the capital market [8]

Core Insights - The company conducted a targeted research activity with nine institutions, discussing business development and strategies [1] - The company attributes its strong gross profit margin to independent material research and development, enhancing material performance for automotive springs [1][2] - Future strategies include focusing on core business, upgrading existing products, and expanding into overseas markets and specialized spring products [1][2] Group 1: Business Development - The company is enhancing its material production capacity in Nanjing to optimize manufacturing costs [2] - There is a focus on lightweight and intelligent product upgrades to meet customer demands [1][2] - The company is currently receiving small batch orders in the humanoid robot business, led by the sales director [2] Group 2: Market and Performance - The company has experienced high growth due to the rapid rise of self-branded vehicles, but anticipates a slowdown in growth rates in the coming years [2] - The growth slowdown is attributed to the release of production capacity and changes in the end market conditions [2] - The automotive parts industry is facing cost pressures, prompting the company to control costs more effectively [2]

Group 1: Company Performance and Strategy - The company's core technology is self-developed materials, enhancing the performance of automotive springs through years of technical accumulation and heat treatment processes, resulting in a unique competitive advantage [2] - The company will continue to focus on its main business, upgrading existing products in terms of materials, technology, and processes to achieve further lightweighting and intelligence [2] - The company plans to expand into overseas markets and optimize product structure, particularly in valve and special-shaped spring businesses [2] Group 2: Robotics Business Development - The humanoid robot business is currently led by the sales director, with no plans to establish a dedicated team at this time; however, future integration of valve and special-shaped spring products into a separate division is being considered [3] - The company is continuously sending samples and has received small batch orders in the humanoid robot sector, but the current volume does not significantly impact overall performance [2] Group 3: Growth Projections and Market Conditions - The company has maintained a high growth rate due to the rapid rise of self-branded vehicles, but growth is expected to slow down in the coming years, influenced by production capacity release and market conditions [3] - The company anticipates a slowdown in growth rates due to a higher performance base in 2024 and significant capacity release in the latter half of 2024 [3] - The automotive parts industry faces annual downward pressure, which is a common market behavior; the company aims to control costs and expand material production capacity to optimize manufacturing costs [3]