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 2025 年限制性股票激励计划的 法律意见 二〇二五年八月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 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 2025 年限制性股票激励计划的 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接受委托，担任银川威力传动技术股份有限公司实行 股权激励计划相关事宜的专项法律顾问。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（ ...

| 保荐人名称：中信建投证券股份有限公司 | 被保荐公司简称：威力传动（300904） | | --- | --- | | 保荐代表人姓名：徐兴文 | 联系电话：010-56052548 | | 保荐代表人姓名：杨学雷 | 联系电话：010-56052548 | | 1.公司信息披露审阅情况 | | | --- | --- | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0次 | | 2.督导公司建立健全并有效执行规章制度的 | | | 情况 | | | （1）是否督导公司建立健全规章制度（包 | | | 括但不限于防止关联方占用公司资源的 | 是 | | 制度、募集资金管理制度、内控制度、内 | | | 部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | | 不适用，公司已于2024年3月办理募投 | | （1）查询公司募集资金专户次数 | 项目结项并将节余募集资金永久补充流 | | | 动资金 | | （2）公司募集资金项目进展是否与信息披 | 不适用 | | 露文件一致 | ...

目 录 一、最近三年及一期非经常性损益的鉴证报告……………………第 1—2 页 二、最近三年及一期非经常性损益明细表…………………………第 3—4 页 三、最近三年及一期非经常性损益明细表附注……………………第 5—5 页 四、附件………………………………………………………………第 6—9 页 （一）本所营业执照复印件……………………………………… 第 6 页 （二）本所执业证书复印件……………………………………… 第 7 页 （三）执业会计师资格证书复印件……………………………第 8—9 页 关于银川威力传动技术股份有限公司 最近三年及一期非经常性损益的鉴证报告 天健审〔2025〕16223 号 银川威力传动技术股份有限公司全体股东： 我们审核了后附的银川威力传动技术股份有限公司（以下简称威力传动公司） 管理层编制的最近三年及一期非经常性损益明细表（2022－2024 年度以及 2025 年 1－6 月）及其附注（以下简称非经常性损益明细表）。 一、对报告使用者和使用目的的限定 本鉴证报告仅供威力传动公司向特定对象发行股票时使用，不得用作任何其 他目的。我们同意本鉴证报告作为威力传动公司向特定对象发行股票的 ...

| 一、内部控制审计报告…………………………………………第 | 1—2 | 页 | | --- | --- | --- | | 二、附件…………………………………………………………第 | 3—6 | 页 | | （一）本所营业执照复印件……………………………………第 | 3 | 页 | | （二）本所执业证书复印件……………………………………第 | 4 | 页 | | （三）执业会计师资格证书复印件 ………………………第 | 5—6 | 页 | 内部控制审计报告 天健审〔2025〕16222 号 银川威力传动技术股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了银川威力传动技术股份有限公司（以下简称威力传动公司）2025 年 6 月 30 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是威力 传动公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对 ...

威力传动公告，2025年上半年营业收入3.5亿元，同比增长113.17%。归属于上市公司股东的净亏损 4350.9万元，上年同期净利润1784.91万元。公司计划不派发现金红利，不送红股，不以公积金转增股 本。 ...

银川威力传动技术股份有限公司 2025 年半年度报告 2025-053 2025 年 8 月 1 银川威力传动技术股份有限公司 2025 年半年度报告全文 银川威力传动技术股份有限公司 2025 年半年度报告全文 | P | > | | --- | --- | | | 2 | | 第一节 | 重要提示、目录和释义 2 | | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 6 | | | 第三节 | 管理层讨论与分析 9 | | | 第四节 | 公司治理、环境和社会 24 | | | 第五节 | 重要事项 | 27 | | 第六节 | 股份变动及股东情况 | 30 | | 第七节 | 债券相关情况 34 | | | 第八节 | 财务报告 35 | | 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 公司负责人李想、主管会计工作负责人李娜及会计机构负责人(会计主管 人员)寇冬菊声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半 ...

Market Performance - On August 28, the wind power equipment sector rose by 1.58%, with Electric Wind Power leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Electric Wind Power (688660) closed at 25.56, up 14.46%, with a trading volume of 943,800 shares and a transaction value of 2.304 billion [1] - Other notable performers included Zhonghuan Hailu (301040) at 39.60, up 12.66%, and He Wang Electric (603063) at 37.78, up 6.51% [1] - Conversely, Mingyang Smart Energy (601615) fell by 4.17% to 12.18, with a trading volume of 944,800 shares and a transaction value of 1.148 billion [2] Capital Flow - The wind power equipment sector experienced a net outflow of 429 million from institutional investors, while retail investors saw a net inflow of 400 million [2] - The table of capital flow indicates that He Wang Electric had a net inflow of 1.956 million from institutional investors, while Electric Wind Power had a net outflow of 2.302 million [3] Individual Stock Analysis - He Wang Electric (603063) had a net outflow of 1.956 million from institutional investors, with a retail net inflow of 1.255 million [3] - Electric Wind Power (688660) saw a net outflow of 2.302 million from institutional investors, with a retail net inflow of 203.85 million [3] - Overall, the capital flow data suggests varying levels of investor interest across different stocks within the wind power equipment sector [3]

Market Overview - The wind power equipment sector experienced a decline of 1.8% on August 27, with Feiwo Technology leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance - Notable gainers in the wind power equipment sector included Tianwang Electric, which rose by 2.81% to a closing price of 35.47, and Dajin Heavy Industry, which increased by 2.18% to 34.71 [1] - Conversely, Feiwo Technology saw a significant decline of 4.66%, closing at 37.42, while Jinlei Co. dropped by 4.51% to 27.31 [2] Trading Volume and Capital Flow - The wind power equipment sector saw a net outflow of 356 million yuan from institutional investors, while retail investors contributed a net inflow of 228 million yuan [2] - The trading volume for Tianwang Electric was 970,400 shares, while Dajin Heavy Industry had a trading volume of 282,500 shares [1] Individual Stock Capital Flow - Tianwang Electric had a net inflow of 497 million yuan from institutional investors, while New Qianglian experienced a net outflow of 50.27 million yuan from retail investors [3] - The capital flow data indicates that retail investors were more active in certain stocks, with significant inflows into Tianwang Electric and outflows from New Qianglian [3]

Group 1 - The core viewpoint is that the wind turbine gearbox is a critical component in wind power generation, with high value and profitability, and is expected to release incremental elasticity due to the continuous growth of offshore wind power, the increasing share of doubly-fed and semi-direct drive models, and market share improvements [1] - The global demand for wind turbine gearboxes is rapidly increasing, with a projected demand of 26,000 units by 2026, corresponding to a market space of 41.5 billion yuan, representing a year-on-year growth of 22% [1] - The price of gearboxes is expected to rise significantly with increased power output, as seen in the example of a 5.XMW model priced at 1.5 million yuan per unit, where each 1MW increase in power output raises the price by 100,000 to 200,000 yuan [1] Group 2 - The wind turbine gearbox industry has high technical barriers and is relatively concentrated, with the top four companies accounting for over 70% of the global market share in 2024 [2] - The major players in the global market include South High Gear, Weichai Power, Delijia, and ZF, with South High Gear holding a dominant position in the domestic market [2] - The profitability of the industry is strong, with Delijia's gross margin estimated to be between 22% and 25% [2]

Group 1 - In 2024, the installed capacity of new energy in Ningxia is expected to reach 41.32 million kilowatts, with new energy accounting for 55% of the total power installed capacity, indicating a historic transformation in the energy structure of Ningxia [1] - Ningxia has developed clean energy industries such as wind power, photovoltaics, and hydrogen energy, leveraging its rich wind and solar resources along with technological and industrial innovation [1] - The company Weili Transmission Technology Co., Ltd. has become a leader in the domestic market for wind turbine gearboxes, having developed key components for China's first 10-megawatt offshore wind turbine [1] Group 2 - Financial support from Ningxia Bank, including a 200,000 yuan mortgage loan, helped the company establish its factory, while patent pledge financing turned intellectual property into assets [2] - As the company grew and faced increased operational funding pressures, various banks provided inventory pledge, order financing, and supply chain finance to meet its financial needs [2] - The company went public on the Growth Enterprise Market in 2023, indicating its rapid growth and the need for transformation to meet higher demands in the wind power sector [2] Group 3 - The company requires significant funding for its projects, with a total of 1.439 billion yuan raised through a banking syndicate to support its gearbox and gearbox project [3] - The financing structure includes flexible repayment terms, such as a 10-year loan with interest-only payments for the first two years, easing the financial pressure on the company [3] - Ningxia Zhonghuan Photovoltaic Materials Co., Ltd. also experienced rapid growth, establishing a smart factory with a capacity of over 77 gigawatts, supported by 7.5 billion yuan in loans from eight banks [3] Group 4 - Clean energy projects are characterized by high asset requirements, significant investment, and long cycles, necessitating long-term stable support from financial institutions [4] - The Ningxia Banking Association plays a crucial role in connecting enterprises with banks, establishing a project reserve library, and facilitating project financing [4] - As of the end of last year, the association has facilitated the formation of 16 banking syndicate projects, investing 35.248 billion yuan to support key areas such as technological innovation and green transformation [4]