全球最快高铁用上"宁夏造联系枕梁"，长征火箭用上"宁夏煤制油"；研制出国内最大智能化反井钻机、 特大型风电轴承热处理装备等多项首台套产品……过去一年，科技创新的"关键变量"正转化为宁夏高质 量发展的"最大增量"。 力争国家高新技术企业达到800家；开展重要技术攻关100项以上，引进转化科技成果500项以上；实现 风电光伏装机2060万千瓦、储能60万千瓦目标……一连串数据背后是宁夏致力于培育新质生产力的雄心 壮志。 科研成果如何走出实验室，从先进技术转化为现实生产力？银行如何提高服务质效，赋能企业研发创 新、扩大生产？近日，《金融时报》记者跟随中国银行业协会赴宁夏多地调研，在一个个生产车间里、 在一条条生产线上，感受着高新技术发展的澎湃脉动，金融活水正在宁夏这片热土上浇灌出科技之花。 硬科技的创新突破离不开金融活水的润泽。中国银行宁夏分行落地宁夏首笔设备更新改造贷款，帮助威 力传动风电项目解决资金短缺问题，并于近期为企业发放股票回购贷款5400万元。宁夏银行则陪伴威力 传动一路走来，从最早对法定代表人的20万元住房抵押贷款，到宁夏首期专利权质押融资，再到目前总 额超11亿元的多产品、多渠道对公授信，一直陪伴企 ...

2025年7月29日，威力传动主力资金净流出618.30万元。 风险提示：投资有风险，市场波动可能导致股价变动，请谨慎决策。 截至2025年7月29日收盘，威力传动股价报53.84元，较前一交易日下跌1.14%，成交额0.91亿元。 威力传动主营业务为风电专用减速器和增速器的研发、生产和销售，产品主要应用于风电领域。公司成 立于2003年，总部位于宁夏银川，是多家国内外风电企业的重要供应商。 7月29日，威力传动接受长江证券、新华资产等机构调研，公司高管介绍了业务发展情况及未来规划。 公司表示将加速产能布局并启动定增，以应对风电行业增长需求。此外，公司计划建设风电增速器智慧 工厂，提升生产效率和市场竞争力。 ...

证券代码：300904 证券简称：威力传动 银川威力传动技术股份有限公司 投资者关系活动记录表 编号：2025-020 投资者关系活 动类别 □特定对象调研 □媒体采访 □新闻发布会 □现场参观 □分析师会议 □业绩说明会 □路演活动 ☑其他：线上会议 参与单位名称 及人员姓名 长江证券、新华资产 时间 2025 年 7 月 29 日 地点 线上会议 上市公司接待 人员姓名 副总裁、董事会秘书周建林先生 投资者关系活 动主要内容介绍 一、介绍公司概况 副总裁、董事会秘书周建林先生向与会的机构投资者简要介绍 了公司的发展历程，重点讲解了公司的主营业务及核心产品。 威力传动于 2003 年成立于宁夏银川，现有员工千余人。主营业 务为风电专用减速器和增速器的研发、生产和销售，主要产品包括 风电偏航减速器、风电变桨减速器、风电增速器、新能源车辆三合 一驱动总成、工程机械车辆各类减速器、光热回转驱动、三相异步 电机和永磁电机等，致力于为新能源产业提供精密传动解决方案。 2023 年 8 月公司正式登陆深交所创业板。 公司深耕精密传动领域二十余年，凝聚了行业优秀人才，积累 了丰富的经验技术，凭借较强的产品研发能力，严格的 ...

Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023, marking a significant milestone in its development [1] - The company has made substantial investments in R&D and capacity expansion post-listing, with the first wind power gearbox successfully assembled and certified in 2023 [1][2] R&D Investment - R&D expenses for 2023 amounted to CNY 42.56 million, with a projected increase to CNY 51.35 million in 2024, reflecting a growth of 20.65% [2] - Cumulative R&D investment over the last three fiscal years totals CNY 126.11 million, with the company holding 203 authorized patents as of March 31, 2025 [2] Product Advantages - The company's wind power gearbox is recognized as a critical component in wind turbine technology, featuring advantages such as low noise, high efficiency, and lightweight design [3] - The gearboxes are manufactured using high-quality alloy steel and advanced processing techniques, ensuring durability and performance [3][4] Market Expansion - The company has established global service networks in key markets, including Hamburg, Chennai, and Tokyo, enhancing customer response capabilities [4] - It has successfully entered the supplier lists of major international wind power companies, including Siemens Gamesa and Adani [4] Industry Barriers - Key barriers in the wind power gearbox industry include high technical requirements, significant capital investment, stringent customer certification processes, and the need for brand reputation [2] Sustainable Development Initiatives - The company’s subsidiaries have received approvals for projects under the "Thousand Villages and Ten Thousand Towns Wind Action," with a total installed capacity of 65 MW, promoting the development of clean energy [4]

Group 1: Company Overview - Wei Li Transmission was established in 2003 in Yinchuan, with over 1,000 employees [2] - The main business includes R&D, production, and sales of wind power gearboxes and speed increasers, with key products such as yaw gearboxes and pitch gearboxes [2] - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [2] Group 2: Strategic Importance of Smart Factory Project - The wind power speed increaser smart factory project will fill regional industrial gaps and strengthen location barriers, addressing the demand for high-power speed increasers [3] - The project will enhance the product matrix and improve the company's influence in the wind power sector [3] - Smart factory implementation will leverage over 200 patents to boost production efficiency and support product innovation [3] Group 3: Future of Wind Power Industry - The company holds a long-term optimistic view on the wind power industry, with steady growth in global and domestic installation demand expected [3] - Policies like the "Shagao Desert" base and offshore wind development provide clear growth support [3] - The company’s existing technical and regional advantages align well with industry trends [3] Group 4: Technical Barriers in Speed Increaser Manufacturing - Wind power speed increasers are critical components with high design and manufacturing requirements, ensuring reliability and longevity while being compact and lightweight [4] - The manufacturing process is complex, requiring precise calculations and rigorous testing under various conditions [4] Group 5: Advantages of Company’s Speed Increaser Products - The company's speed increasers are known for their smooth engagement, low noise, good sealing, high efficiency, and lightweight [4] - Advanced manufacturing techniques enhance durability and performance, achieving high precision in gear components [4] Group 6: Participation in "Thousand Villages and Ten Thousand Towns Wind Action" - The company’s subsidiaries have received approvals for projects totaling 65 MW in wind power generation capacity [4] - These projects will promote the synergy between the company's renewable energy and gearbox businesses, enhancing market competitiveness [4] Group 7: Maintaining Operational Capability Amid Cost Pressures - In 2025, the company aims to innovate while adhering to strategic principles, focusing on the renewable energy sector and lean management [4] - Efforts will include expanding overseas markets, optimizing supply chains, and enhancing product structure to meet market demands [4]

Group 1: Company Overview - Weili Transmission was established in 2003 in Yinchuan, with over 1,000 employees. The main business focuses on the R&D, production, and sales of wind power gearboxes and speed increasers, including wind power yaw gearboxes, pitch gearboxes, and speed increasers for new energy vehicles [2][3]. - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023, marking a significant milestone in its development [2]. Group 2: Strategic Initiatives - The company has proactively recruited employees for its speed increaser smart factory to support operations, which may temporarily increase costs but is expected to drive capacity and revenue growth in the long term [3]. - The decision to initiate a private placement is driven by three main factors: strong market demand due to the global wind power industry's growth, the need for capacity expansion to meet production requirements, and the competitive landscape necessitating advanced R&D and scale production [3]. Group 3: Industry Barriers - Key barriers in the wind power speed increaser industry include: - **Technical Barriers**: High precision requirements and rigorous testing processes create significant entry challenges [4]. - **Financial Barriers**: The capital-intensive nature of the industry requires substantial investment in equipment and R&D [4]. - **Customer and Certification Barriers**: Long verification cycles (2-3 years) and strict supplier admission criteria hinder new entrants [4]. - **Brand and Talent Barriers**: Established brands dominate the market, making it difficult for new companies to gain trust and assemble skilled teams [4]. Group 4: Quality Control Measures - The company has established a quality assurance center and a comprehensive quality management system to oversee the entire production cycle, ensuring high standards from raw material selection to production processes [4]. - The implementation of a self-developed wind power gearbox testing platform allows for rigorous testing under simulated operational conditions, ensuring product reliability and quality [4].

Company Overview - 威力传动 was established in 2003 in Yinchuan, with over 1,000 employees. The main business focuses on the R&D, production, and sales of wind power gearboxes and related products [2][3]. - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [2]. Business Operations - Key products include wind power yaw gearboxes, pitch gearboxes, speed increasers, and various gearboxes for engineering machinery and new energy vehicles [2][3]. - 威力传动 has established itself as a significant supplier for major domestic wind power companies and has entered the qualified supplier lists of international firms like Siemens-Gamesa and Adani [2][4]. Funding and Investment - The company plans to fund the construction of a smart factory for speed increasers through self-owned funds, bank loans, and secondary market refinancing, with a proposed credit limit of up to 3 billion CNY [3]. - A plan to raise up to 600 million CNY through a private placement of A-shares has been approved, with funds allocated for the smart factory and working capital [3]. Workforce Expansion - Approximately 400 new employees are being recruited to support the smart factory, ensuring the necessary skills for high-precision production [3]. Industry Barriers - Key barriers in the wind power gearbox industry include: - **Technical Barriers**: High precision and complex design requirements [3]. - **Financial Barriers**: Capital-intensive nature of the industry [3]. - **Customer and Certification Barriers**: Long verification cycles and strict supplier admission criteria [3]. - **Brand and Talent Barriers**: Importance of brand reputation and the need for multidisciplinary talent [3]. Market Outlook - The global wind power installed capacity is expected to reach 981 GW from 2025 to 2030, with an average annual increase of 164 GW, driving demand for core components like speed increasers [4]. - The Chinese market is projected to add 86 GW in 2024, a year-on-year increase of 11%, significantly outpacing global growth [4]. - The market for main gearboxes in China was approximately 3.136 billion USD in 2023, expected to grow to 4.263 billion USD by 2030 [4]. International Expansion - The company has established global service points in key markets such as Hamburg, Chennai, and Tokyo to enhance customer responsiveness and support its international strategy [5]. - Plans to strengthen service capabilities and optimize supply chain management to increase market share in the international wind power sector [5]. Employee Incentives - A stock incentive and employee shareholding plan was implemented in July 2024 to attract and retain talent, enhancing team cohesion and competitiveness [5].

Core Viewpoint - 威力传动 is planning to raise up to 600 million yuan through a private placement, despite having recently listed and faced significant underperformance in its previous fundraising projects [1][5][9] Group 1: Financial Performance - In 2023, 威力传动 reported a revenue of 553 million yuan, a year-on-year decrease of 10.65%, and a net profit of 41 million yuan, down 39.64% [6] - The company's non-recurring net profit plummeted by 86.12% in 2023, indicating a severe decline in profitability [6][7] - For 2024, the company is projected to incur a loss exceeding 100 million yuan, with revenue dropping to 345 million yuan, a 37.6% decline [7][8] Group 2: Fundraising and Investment Projects - 威力传动's previous IPO raised 640 million yuan, with 480 million yuan actually invested in projects, leaving a surplus of 75 million yuan used for working capital [2][5] - The cumulative benefit from the IPO projects was reported at -50.67 million yuan, significantly below the promised benefit of 225.88 million yuan [2][4] - The new fundraising aims to establish a wind power gearbox production base and enhance investment in the wind power gear sector, with a total investment of 2 billion yuan planned for the first phase [5][8] Group 3: Industry Context - The wind power industry is experiencing growth, with new installations in 2023 increasing by 59.3% and projected growth of 9.6% in 2024 [8][9] - Despite the industry's overall positive performance, 威力传动's revenue has been declining, highlighting its competitive struggles within the sector [8][9] Group 4: Financial Integrity Concerns - There are ongoing concerns regarding the financial authenticity of 威力传动, particularly regarding its significant increase in revenue and profit prior to its IPO [9][11] - The company has faced scrutiny from regulatory bodies regarding its financial reporting and internal controls, raising questions about its financial practices [11][13]

威力传动主营业务为风电专用减速器和增速器的研发、生产和销售。公司主要产品包括风电偏航减速 器、风电变桨减速器、风电增速器、新能源车辆三合一驱动总成等，致力于为新能源产业提供精密传动 解决方案。 公司相关负责人表示，本次募投项目建成后，将成为我国西部地区唯一大型风力发电增速器研发生产基 地，带动本地区智能制造的大型铸件、工业锻件、轴承齿轮、机械加工以及配套的产品包装、物流运 输、润滑油、热处理、服务业等行业的快速协同发展，也有助公司扩大生产能力及盈利能力，实现规模 效应，从而提升在风电齿轮传动设备领域的市场地位。 中证报中证网讯(记者何昱璞)威力传动（300904）日前发布公告称，公司拟向特定对象发行A股股票， 募集资金总额不超过6亿元(含本数)，募集资金扣除相关发行费用后将用于风电增速器智慧工厂(一期)及 补充流动资金。 公告显示，本次定增募资拟向不超过35名特定投资者发行不超过2171.5万股A股股票，本次发行对象认 购的A股股票，自本次发行结束之日起6个月内不得转让。本次发行实际募集资金(扣除发行费用后的净 额)若不能满足上述项目资金需要，资金缺口由公司自筹解决。 公司披露，随着公司增速器业务的开展和未来 ...

Group 1: Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., specializes in precision gearboxes and has made significant advancements in its core products and smart factory construction [2][3]. Group 2: Technical Barriers and Competitive Advantages - The manufacturing of wind turbine gearboxes involves high technical barriers, requiring precise design, processing, and assembly to ensure reliability and longevity while maintaining compactness and ease of maintenance [2][3]. - The company has established a competitive edge through substantial R&D investments, which are essential for maintaining market competitiveness in a capital-intensive industry [3]. Group 3: Market Outlook - The global wind power installed capacity is projected to grow significantly, with an expected addition of 981 GW from 2025 to 2030, averaging 164 GW annually, which will drive demand for wind turbine gearboxes [4]. - In China, the wind power market is particularly robust, with an anticipated increase of 86 GW in new installations in 2024, representing an 11% year-on-year growth, significantly outpacing global averages [4]. Group 4: Production and Quality Control - The company has implemented comprehensive information systems (PLM, ERP, MES, DNC) to manage the complex production processes of its diverse product range effectively [5]. - Quality control is ensured through proprietary testing equipment that simulates actual operating conditions, alongside certifications such as ISO9001 and IATF16949, which uphold high standards throughout the production cycle [5].