Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., is identified by the stock code 300904 and is known for its advanced gear products [1]. Product Advantages - The company's gear products, specifically the speed increasers, feature advantages such as smooth engagement, low noise, good sealing performance, high efficiency, lightweight, and low cost, attributed to advanced technology and processes [2]. - The gears are made from high-quality alloy steel and undergo heat treatment processes like carburizing and quenching, enhancing wear resistance and fatigue life [2]. Industry Barriers - The wind power speed increaser industry has significant barriers, including: - **Technical Barriers**: High precision requirements and extensive testing [3]. - **Financial Barriers**: Capital-intensive nature requiring substantial investment [3]. - **Customer and Certification Barriers**: Long verification cycles (2-3 years) and strict certification processes [3]. - **Brand and Talent Barriers**: New brands struggle to gain trust, and the industry requires multidisciplinary talent [3]. Quality Control - The company has established a Quality Assurance Center and a comprehensive quality management system to oversee the entire production cycle, ensuring high standards in raw materials and production processes [3]. - The integration of PLM systems with APQP4Wind tools enhances quality management during development [3]. Financing Progress - The company is in the process of raising up to 600 million RMB through a targeted A-share issuance, with funds allocated for a smart factory for wind power speed increasers and working capital [4]. - The company has received approval for related proposals from the board and is progressing according to plan [4]. Share Buyback - The company approved a share buyback plan on March 14, 2025, using its own funds to repurchase shares for employee stock ownership plans [5]. - As of March 14, 2026, the company has repurchased 1,130,400 shares, representing 1.5617% of the total share capital [5].

银川威力传动技术股份有限公司 关于股份回购结果暨股份变动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 银川威力传动技术股份有限公司（以下简称"公司"）于2025年3月14日召 开第三届董事会第三十次会议审议通过了《关于回购公司股份方案的议案》， 同意公司使用自有资金和/或自筹资金通过深圳证券交易所集中竞价交易方式回 购公司已发行的人民币普通股（A股）股票（以下简称"本次回购"），回购的 股份后续将用于股权激励或员工持股计划。本次回购的资金总额不低于人民币 6,000万元且不超过人民币9,000万元（均含本数），回购价格不超过人民币 70.00元/股。具体回购股份的数量以回购结束时实际回购的股份数量为准。本 次回购股份的实施期限自董事会审议通过本次回购股份方案之日起十二个月内。 具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）披露的《关于回购公司 股份方案的公告》（公告编号：2025-009）及《回购股份报告书》（公告编号： 2025-014）。 证券代码：300904 证券简称：威力传动 公告编号：2026-015 截至本公告披露日 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 银川威力传动技术股份有限公司（以下简称"公司"）于2025年3月14日召 开第三届董事会第三十次会议审议通过了《关于回购公司股份方案的议案》， 同意公司使用自有资金和/或自筹资金通过深圳证券交易所集中竞价交易方式回 购公司已发行的人民币普通股（A股）股票（以下简称"本次回购"），回购的 股份后续将用于股权激励或员工持股计划。本次回购的资金总额不低于人民币 6,000万元且不超过人民币9,000万元（均含本数），回购价格不超过人民币 70.00元/股。具体回购股份的数量以回购结束时实际回购的股份数量为准。本 次回购股份的实施期限自董事会审议通过本次回购股份方案之日起十二个月内。 具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）披露的《关于回购公司 股份方案的公告》及《回购股份报告书》。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引 第9号—回购股份》等有关规定，在回购股份期间，公司应当在每个月的前三个 交易日内披露截至上月末的回购进展情况。现将公司回购股份进展情况公告如 下： ...

Investment Rating - The report maintains a positive outlook on the renewable energy sector, particularly in solar and wind energy, with specific recommendations for companies involved in these industries [1][2][3]. Core Insights - The report highlights the tightening of local monopile production capacity in European offshore wind, suggesting a favorable environment for Chinese companies to expand internationally [2]. - In the solar sector, silicon wafer prices are under pressure while battery component prices remain stable, indicating a potential market adjustment [1][14]. - The hydrogen energy sector is set to receive increased policy support during the 14th Five-Year Plan, with a projected doubling of renewable hydrogen production capacity by the end of 2025 [3][18]. - The energy storage market is experiencing significant growth, with a marked increase in project scale and a forecasted rise in lithium carbonate prices impacting storage system costs [4][20]. Summary by Sections Solar Energy - Silicon prices are declining, with N-type G10L monocrystalline silicon wafers averaging 1.10 RMB per piece, down 8.33% from previous levels [1][14]. - The average price for N-type battery cells remains stable at 0.44 RMB per watt, with distributed component prices ranging from 0.75 to 0.88 RMB per watt [1][14]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, and JA Solar, focusing on supply-side reform and new technology opportunities [1][15]. Wind Energy & Grid - Ørsted has terminated its contract with SeAH Wind for the Hornsea 3 offshore wind project due to production delays, highlighting the challenges in local monopile production [2][16]. - The report suggests monitoring companies like Dajin Heavy Industry and Tianjun Wind Power as they expand internationally [2][16]. - The wind turbine sector is expected to see profitability improvements in 2026, with companies like Goldwind and Mingyang Smart Energy being key players [2][17]. Hydrogen Energy - The National Energy Administration plans to enhance policy support for hydrogen energy during the 14th Five-Year Plan, aiming for over 250,000 tons of renewable hydrogen production capacity by 2025 [3][18]. - Recommended companies include Shuangliang Eco-Energy and Huadian Heavy Industries, focusing on equipment manufacturing and hydrogen compression technology [3][18]. Energy Storage - In January 2026, the domestic energy storage EPC bidding scale reached 4.92 GW, with a total installed capacity of 12.42 GWh, reflecting over 30% growth compared to the previous year [4][19]. - The report emphasizes the importance of companies like Sungrow Power Supply and Aiko Solar in the energy storage market, which is expected to grow significantly [4][24]. New Energy Vehicles - In March 2026, domestic battery production is projected to reach 149.59 GWh, with a 21.93% month-on-month increase, indicating strong demand despite concerns over subsidy reductions [5][25]. - Key players in the battery sector include CATL and BYD, with a focus on maintaining resilience in battery demand [5][26].

Group 1 - The core announcement is about the change in the IPO continuous supervision sponsor representative for Weili Transmission, with Xu Xingwen leaving due to work changes and Zhou Dachuan taking over the role [2] - Zhou Dachuan will work alongside Yang Xuele to fulfill the ongoing supervisory responsibilities until the end of the regulatory period [2] - This change is part of the company's compliance with regulatory requirements regarding IPO supervision [2]

证券代码：300904 证券简称：威力传动 公告编号：2026-013 银川威力传动技术股份有限公司 本次保荐代表人变更不会影响中信建投对公司的持续督导工作，亦不会对 公司的生产经营活动造成风险和影响。 公司董事会对徐兴文先生担任公司保荐代表人期间所做出的贡献表示衷心 的感谢！ 特此公告。 银川威力传动技术股份有限公司 董事会 2026年2月26日 关于更换持续督导保荐代表人的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 银川威力传动技术股份有限公司（以下简称"公司"）于近日收到中信建 投证券股份有限公司（以下简称"中信建投"）出具的《关于更换银川威力传 动技术股份有限公司首次公开发行股票并在创业板上市项目持续督导保荐代表 人的函》。 中信建投原指派徐兴文先生、杨学雷先生担任公司首次公开发行股票并在 创业板上市的保荐代表人。徐兴文先生因个人工作变动，无法继续履行保荐代 表人职责。为了切实做好持续督导工作，根据《证券发行上市保荐业务管理办 法》的相关规定，中信建投现拟指派周大川先生（简历见附件）接替其担任公 司首次公开发行股票并在创业板上市的持续督导期间 ...

2026 年第一次临时股东会的 法律意见 二〇二六年二月 北京市中伦律师事务所 关于银川威力传动技术股份有限公司 法律意见 致：银川威力传动技术股份有限公司 北京市中伦律师事务所（下称"本所"）接受银川威力传动技术股份有限公 司（下称"公司"）委托，指派本所律师列席公司 2026 年第一次临时股东会， 并出具本法律意见书。 为出具本法律意见书，本所律师列席了公司 2026 年第一次临时股东会，并 根据《中华人民共和国证券法》（下称"《证券法》"）、《中华人民共和国公 司法》（下称"《公司法》"）、《律师事务所从事证券法律业务管理办法》等 法律、法规和规范性文件的要求以及《银川威力传动技术股份有限公司章程》（下 称"《公司章程》"），按照律师行业公认的业务标准、道德规范和勤勉尽责精 神，查阅了本所律师认为出具法律意见所必须查阅的文件，对公司本次股东会的 召集和召开程序、出席会议人员资格、表决方式、表决程序的合法性、有效性进 行了认真核查。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日 以前已经发生或者存在的事实，严格履 ...

2026年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示: 1、本次股东会未出现否决议案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 证券代码：300904 证券简称：威力传动 公告编号：2026-012 银川威力传动技术股份有限公司 1、会议召开时间： （1）现场会议召开时间：2026年2月25日（星期三）下午14:30； （2）网络投票日期和时间：通过深圳证券交易所交易系统进行网络投票的 时间为：2026年2月25日（星期三）上午9:15-9:25，9:30-11:30和下午13:00- 15:00；通过深圳证券交易所互联网投票系统投票的具体时间为2026年2月25日 （星期三）9:15-15:00的任意时间。 2、现场会议召开地点：宁夏银川市西夏区文萃南街600号公司会议室。 3、会议的召开方式：本次股东会采取现场表决与网络投票相结合的方式。 4、会议召集人：银川威力传动技术股份有限公司（以下简称"公司"）董 事会。 5、会议主持人：董事长、总裁李想先生。 6、会议召开的合法、合规 ...

Group 1 - The company 威力传动 announced that on February 6, 2026, it will accept an investor survey conducted by 华福证券, with the participation of Vice President and Board Secretary Zhou Jianlin to address investor inquiries [1] Group 2 - The central bank, which has been the largest buyer of gold for two consecutive years, announced plans to purchase an additional 150 tons of gold, aiming to stockpile a total of 700 tons [1]

Group 1: Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., is involved in the wind power gearbox industry, which has high industry barriers including technology, capital, customer certification, and brand reputation [2][3]. Group 2: Product Quality Control - The company has established a Quality Assurance Center and a comprehensive quality management system to control product quality throughout the entire production cycle, including raw material quality and production process quality [3]. - The company has obtained ISO9001 and IATF16949 international quality management system certifications, emphasizing excellence in product design, material selection, and manufacturing process optimization [3]. Group 3: International Market Expansion - The company has a clear strategic plan for overseas market expansion, with global service points established in key markets such as Hamburg, Germany; Chennai, India; and Tokyo, Japan [4]. - The company aims to enhance service capabilities, deepen customer relationships, and optimize supply chain management to increase its international market share [4]. Group 4: Product Advantages - The wind power gearbox is considered the "crown jewel" of wind power equipment manufacturing, featuring advantages such as smooth engagement, low noise, good sealing performance, high efficiency, lightweight, and low cost [4][5]. - The company utilizes high-quality alloy steel and advanced processing techniques to enhance the durability and fatigue life of gears, achieving precision levels of 5 for external gears and 7 for internal gears [5]. Group 5: Smart Factory Impact - The establishment of a smart factory for wind power gearboxes is expected to enhance the company's competitiveness by addressing market adaptation, capacity efficiency, and operational effectiveness [5]. - The smart factory will enable rapid response to customized demands from OEMs, expand customer cooperation boundaries, and support the domestic and international large wind power project expansion [5]. - The project is projected to contribute significant revenue increases, with each unit of wind power gearbox expected to generate hundreds of millions in annual revenue, while also improving financial metrics such as liquidity ratios and reducing debt ratios [5].