Group 1: Company Overview - The company specializes in the production of automotive gearboxes, starting with commercial vehicle gearboxes, and currently offers products including commercial vehicle gearboxes, passenger vehicle gearboxes, agricultural machinery gearboxes, automotive interior components, and financing leasing services [2]. Group 2: Acquisition Purpose - The acquisition of Chery Transmission Company aims to further expand the passenger vehicle gearbox business, particularly in the automatic transmission sector, which is still a scarce resource in China. Chery is the only domestic company with intellectual property rights for independently developed automatic transmissions, and its products are considered advanced [3]. Group 3: Production and Development - The automatic transmission business has shown good development, with 83,000 units produced in the first three quarters, and the company expects to maintain a strong upward trend in the fourth quarter. Production is currently operating at full capacity, and the company is investing in the expansion of a second production line while actively developing the next generation of products [3].

Business Overview - In December 2019, the company divested its interior business and has since focused on automotive transmission systems, including commercial vehicle and passenger vehicle gearboxes [2]. - The commercial vehicle gearbox currently covers light trucks and micro trucks, with ongoing development in pickup and medium-heavy truck gearboxes, as well as automatic transmission systems [2]. 2020 Half-Year Performance - In the first half of 2020, the company sold 684,400 automotive gearboxes, a year-on-year increase of 23.91%. Among these, commercial vehicle gearboxes accounted for 356,500 units, up 5.97% [3]. - The sales of high-end commercial vehicle gearboxes reached 141,400 units, a significant increase of 111.77% year-on-year [3]. - Passenger vehicle gearbox sales totaled 326,000 units, marking a 50.97% increase, with CVT (Continuously Variable Transmission) sales soaring by 224.74% [3]. - Revenue from commercial vehicle gearboxes was 945 million CNY, a year-on-year growth of 17.33%, while passenger vehicle gearbox revenue reached 1.52 billion CNY, up 63.19% [3]. CVT Market Development - The company’s CVT products are currently supplied to major automotive manufacturers such as Geely, Chery, BYD, and Qoros, with ongoing efforts to expand customer base and market share [4]. New Energy Vehicle Components - The company’s new energy vehicle products include EV reducers, EDS "three-in-one" drive systems, and hybrid power gearboxes. Production of reducer products has commenced, with increasing sales expected as customer partnerships grow [4]. - The focus is on enhancing technology and product development to establish a strong brand image in the new energy vehicle sector [4]. Collaboration with Bosch - A strategic cooperation agreement was signed with Bosch on January 15, 2020, to jointly develop and promote CVT and hybrid power transmission technologies for electric vehicles [4]. - The ECVT product developed with Bosch has shown promising performance in electric vehicles, with positive feedback from customer trials [4]. Cost Reduction and Profitability - The company aims to reduce unit production costs through increased production volume and collaboration with qualified domestic suppliers, while also enhancing internal management to improve efficiency [5]. - The sales price of CVT products is determined based on customer sales volume [5].

证券代码：002434 证券简称：万里扬 编号：2017001 浙江万里扬股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|-----------------------------------------|------------| | | | | | 投资者关系活 | ■ 特定对象调研 | 分析师会议 | | 动类别 | □ 媒体采访 | 业绩说明会 | | | □ 新闻发布会 | 路演活动 | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参与单位名称 | 华安基金管理有限公司 李杨 | | | 及人员姓名 | 财通证券股份有限公司 吴鹏、韦达 | | | | 浙江天堂硅谷资产管理集团有限公司 来旦沸 | | | | 中欧基金管理有限公司 魏晓康 | | | | 广州广证恒生证券研究所有限公司 李如娟 | | | | 平安证券有限责任公司 余兵、曹群海 | | | | 浙江景裕资产管理有限公司 陈曦 | | | | 中泰证券股份有限公司 文姬 | | | 时间 | 2017 年 3 月 1 日 | | | ...

证券代码：002434 证券简称：万里扬 编号：2020-001 浙江万里扬股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|-------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活 | □ 特定对象调研 | □ 分析师会议 | | 动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | ■ 其他 （电话会议） | | | 参与单位名称 | 2020 年 2 月 19 | 日：长城证券 孙志东；西部投资 李刚；睿远基金 郑斌；富国 ...

证券代码：002434 证券简称：万里扬 编号：2019-004 浙江万里扬股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|-----------------------------------|------------------------------------------------------| | | | | | 投资者关系活 | ■ 特定对象调研 | □ 分析师会议 | | 动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | | 华泰证券 林志轩、陈燕平、顾文天、丁嘉文、刑重阳 | | 及人员姓名 | 上投摩根基金管理有限公司 臧云飞 | | | | 彬元资本 罗凯 | | | | | 国泰君安资产管理（亚洲）有限公司 李云昌 | | | 太平资产管理（香港）有限公司 郭琦 | 方瀛研究与投资（香港）有限公司 何睦 | | | 正平资本有限公司 吴一新 | | | 时间 | 2019 年 1 ...

证券代码：002434 证券简称：万里扬 编号：2019-003 浙江万里扬股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活 | ■ 特定对象调研 | □ 分析师会议 | | 动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | | 广发汽车 闫俊刚；中金汽车 奉玮、李凌云；平安大华基金 张萌先；中庚基金 陈 | | 及人员姓名 | | 涛、罗佶嘉；华商基金 梁勤之；博道基金 童松；财通证券 彭勇；国诚投资 孙伯 | | | | 琦； ...

证券代码：002434 证券简称：万里扬 编号：2018001 浙江万里扬股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------|--------------------------------|-------------------------------------------------------------| | | | | | 投资者关 | ■ 特定对象调研 | □ 分析师会议 | | 系活动类 | □ 媒体采访 | □ 业绩说明会 | | 别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位 | | 国信证券 唐旭霞、何俊艺、陶定坤 | | 名称及人 | 光大证券资产管理有限公司 陈 飞 | | | 员姓名 | | 东方阿尔法基金管理有限公司 金 龙、江海峰 | | | 安信基金 冯雪岩 | | | | 中泰证券股份有限公司 文 姬 | | | 时间 | 2018 年 5 月 2 日 | | | 地点 | 杭州分公司 | | | 上市公司 | | | | 接待人员 ...

证券代码：002434 证券简称：万里扬 编号：2019-002 浙江万里扬股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|--------------------|-------------------------------------------------------------------------| | | | | | 投资者关系活 | ■ 特定对象调研 | □ 分析师会议 | | 动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | 浙商证券 黄细里 | | | 及人员姓名 | 天弘基金 李佳明 | | | | 中庚基金 罗佶嘉 | | | | 海通资管 王 琦 | | | 时间 | 2019 年 3 月 | 日 | | 地点 | 杭州分公司 | | | 上市公司接待 | | | | 人员姓名 | 董事会秘书 张雷刚 | | | 投资者关系活 | | 问：请介绍下公司目前的业务情况？ | | ...

Group 1: Business Overview - The main business of the company is the research, production, and sales of automotive transmissions, including commercial vehicle transmissions (MT, AMT) and passenger vehicle transmissions (MT, CVT, AT, PHEV) [2] - The company also produces automotive interior components such as dashboards, inner door panels, center consoles, and pillars [2] Group 2: Production Capacity - The company has production bases in multiple locations, including Zhejiang Jinhua, Ningbo, Shandong Pingyi, Anhui Wuhu, Jingdezhen, Shangrao, Hebei Zhuozhou, Liaoning Liao Yang, and Dalian [3] - The annual production capacity is 1 million units for commercial vehicle transmissions, 1.5 million units for passenger vehicle transmissions, and 2 million sets for automotive interior components [3] Group 3: Customer Base - Major customers for commercial vehicle transmissions include Beiqi Foton, Dongfeng Motor, China National Heavy Duty Truck Group, and FAW Group [3] - Key customers for passenger vehicle transmissions include Chery Automobile, Geely Automobile, and Chongqing Lifan [3] - Automotive interior component customers include Chery Automobile, Geely Automobile, BMW Brilliance, Beijing Benz, Changan Automobile, and BAIC Group [3] Group 4: Product Development - The company currently markets CVT products CVT19 and CVT25, with matching torque of 190 and 250 respectively [3] - Other CVT products include CVT18, CVT28, and CVT38 (hybrid) [3] - The 6AT product can match engines with a maximum torque of 280 N.m, covering all major vehicle segments in China [3]

证券代码：002434 证券简称：万里扬 编号：2020-003 浙江万里扬股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|---------------------------------|----------------------------------------------------------------------| | 投资者关系活 | ■ 特定对象调研 | □ 分析师会议 | | 动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 （电话会议） | | | 参与单位名称 | | 中信证券股份有限公司 李景涛、王诗宸 | | 及人员姓名 | 深圳熙山资本管理有限公司 刘政科 | | | | 深圳尚道投资基金有限公司 陆 伟 | | | | 中融基金管理有限公司 万 莉 | | | | 上海老友投资管理有限公司 陈 恺 | | | 时间 | 2020 年 11 月 11 | 日 | | 地点 | 公司会议室 | | | 上市公司接待 | 董事会秘 ...