Core Viewpoint - The global and Chinese wind power installation capacity is experiencing continuous growth, establishing a solid demand foundation for the wind power gearbox market [1] Industry Summary - According to the Global Wind Energy Council, the global wind power installed capacity is expected to reach an additional 981 GW from 2025 to 2030, with an average annual increase of 164 GW [1] - In China, the newly added wind power installation capacity from January to November 2025 is projected to be 82.5 GW, representing a year-on-year growth of 59.5% [1] Company Summary - The company is leveraging its technological advantages to capture a larger share of the high-end gearbox market, driven by the proliferation of high-power models due to technological iterations [1]

Core Viewpoint - The company expects a significant increase in gross margin following the launch of its wind power gearbox smart factory, driven by enhanced product value and cost reduction through economies of scale [1] Group 1: Production and Efficiency - The smart production line will improve the precision and qualification rate of component processing, thereby reducing waste loss [1] - The annual production capacity increase will dilute fixed costs such as depreciation of fixed assets and R&D expenses [1] Group 2: Market Impact - As production capacity is released and market share expands, the positive impact of this business on the overall gross margin of the company will gradually become apparent [1]

Group 1: Company Overview and Growth - The company has invested a total of 1,321.11 million CNY in the wind power gearbox smart factory as of October 31, 2025, with the project entering a critical phase of construction [1] - The smart factory is expected to significantly enhance the gross margin of gearboxes due to increased product value and cost reduction from economies of scale [1][2] Group 2: Market Outlook - The global and Chinese wind power installation capacity is continuously expanding, with a projected addition of 981 GW globally from 2025 to 2030, averaging 164 GW per year [2] - In China, the newly installed wind power capacity reached 82.5 GW from January to November 2025, a year-on-year increase of 59.5%, with a cumulative capacity of 600 million KW, marking a 22.4% increase [3] Group 3: Industry Barriers - Key barriers in the wind power gearbox industry include high technical requirements, significant capital investment, stringent supplier qualification processes, and the need for brand reputation [3][4] Group 4: Competitive Advantages of the Smart Factory - The smart factory will enhance market adaptability, operational efficiency, and financial performance, positioning the company to transition from following industry trends to leading the market [4] - The factory's capabilities will address the supply gap for high-power gearboxes and improve responsiveness to customer customization needs [4] Group 5: Manufacturing Process Advantages - The company has established a robust quality control system, ensuring a product lifespan of up to 20 years and a warranty period of 5 years, meeting stringent customer requirements [5] - Advanced manufacturing techniques, including five-axis CNC machining, enhance the precision and quality of gearbox components, ensuring compliance with GB6 grade accuracy standards [5]

Core Viewpoint - The company announced that its fourth board meeting approved a proposal regarding the acceptance of guarantees from related parties and associated transactions [2] Group 1 - The company held its fourth board meeting, where significant decisions were made [2] - The proposal accepted involves guarantees from related parties, indicating potential financial support or collaboration [2] - This decision may impact the company's financial strategy and relationships with stakeholders [2]

Group 1 - The company announced that its fourth board meeting will be held on January 13, 2026, to discuss matters including the acceptance of guarantees from related parties and related transactions [1] Group 2 - The solar industry is facing challenges with rising raw material costs, such as silver, leading to difficult decision-making for companies [1]

中信建投证券股份有限公司 关于银川威力传动技术股份有限公司 接受关联方担保暨关联交易的核查意见 中信建投证券股份有限公司（以下简称"中信建投"或"保荐人"）作为银 川威力传动技术股份有限公司（以下简称"威力传动"或"公司"）首次公开发 行股票并在创业板上市的保荐人，根据《证券发行上市保荐业务管理办法》《深 圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》《深 圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等相关规定，对公 司接受关联方担保暨关联交易事项进行了审慎核查，核查情况及核查意见如下： 一、接受担保暨关联交易概述 1、公司于 2024 年 4 月 3 日召开了第三届董事会第十八次会议，于 2024 年 5 月 27 日召开了第三届董事会第二十一次会议，分别审议通过了《关于接受关 联方担保暨关联交易的议案》，公司控股股东、实际控制人、董事李阿波先生与 公司实际控制人、董事长、总裁李想先生共同为公司向金融机构和非金融机构申 请授信额度提供不超过 16.47 亿元的连带责任保证担保，相关银团贷款协议已于 2024 年 8 月签署完成。 为顺利开展融资业务，拟对原协议内容予以调 ...

银川威力传动技术股份有限公司（以下简称"公司"）于 2026 年 1 月 9 日 召开了第四届董事会独立董事专门会议第一次会议，2026 年 1 月 13 日召开了 第四届董事会第二次会议，分别审议通过了《关于接受关联方担保暨关联交易 的议案》。现将具体内容公告如下： 关于接受关联方担保暨关联交易的公告 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。 证券代码：300904 证券简称：威力传动 公告编号：2026-003 银川威力传动技术股份有限公司 一、接受担保暨关联交易概述 1、公司于 2024 年 4 月 3 日召开了第三届董事会第十八次会议，于 2024 年 5 月 27 日召开了第三届董事会第二十一次会议，分别审议通过了《关于接受关 联方担保暨关联交易的议案》，公司控股股东、实际控制人、董事李阿波先生 与公司实际控制人、董事长、总裁李想先生共同为公司向金融机构和非金融机 构申请授信额度提供不超过 16.47 亿元的连带责任保证担保，相关银团贷款协 议已于 2024 年 8 月签署完成。 为顺利开展融资业务，拟对原协议内容予以调整，并签署相应补充协议， ...

证券代码：300904 证券简称：威力传动 公告编号：2026-002 银川威力传动技术股份有限公司 二、董事会会议审议情况 本次会议以书面表决方式进行表决。经与会董事认真审议，本次会议审议 通过了如下议案： （一）审议通过《关于接受关联方担保暨关联交易的议案》 公司于 2024 年 4 月 3 日召开了第三届董事会第十八次会议，于 2024 年 5 月 27 日召开了第三届董事会第二十一次会议，分别审议通过了《关于接受关联 方担保暨关联交易的议案》，公司控股股东、实际控制人、董事李阿波先生与 公司实际控制人、董事长、总裁李想先生共同为公司向金融机构和非金融机构 申请授信额度提供不超过 16.47 亿元的连带责任保证担保，相关银团贷款协议 已于 2024 年 8 月签署完成。 为顺利开展融资业务，拟对原协议内容予以调整，并签署相应补充协议， 现提请董事会授权公司法定代表人或法定代表人指定的授权代理人签署前述担 保额度内的有关合同、协议等各项法律文件。 经审议，董事会认为：该关联交易事项符合公司和全体股东的利益，不存 在损害公司全体股东，特别是中小股东利益的情形，对公司本期以及未来财务 状况、经营成果无负面影响 ...

Core Viewpoint - The company, Weili Transmission, focuses on products and services in strategic emerging industries, including wind power gearboxes, electric vehicle permanent magnet motors, and engineering machinery reducers, but does not produce products for robotics [1] Group 1 - The company's product offerings include wind turbine main gearboxes and yaw pitch drives [1] - The company is involved in the electric vehicle sector, specifically with permanent magnet motors and powertrains [1] - The company does not engage in the production of robotics-related products [1]

中信建投证券股份有限公司 | 5.审计委员会是否至少每季度向董事会报告一次内部审计工 | √ | | | --- | --- | --- | | 作进度、质量及发现的重大问题等（如适用） | | | | 6.内部审计部门是否至少每季度向审计委员会报告一次内部 | | | | 审计工作计划的执行情况以及内部审计工作中发现的问题等 | √ | | | （如适用） | | | | 7.内部审计部门是否至少每半年对募集资金的存放与使用情 | √ | | | 况进行一次审计（如适用） | | | | 8.内部审计部门是否在每个会计年度结束前二个月内向审计 | √ | | | 委员会提交次一年度内部审计工作计划（如适用） | | | | 9.内部审计部门是否在每个会计年度结束后二个月内向审计 | √ | | | 委员会提交年度内部审计工作报告（如适用） | | | | 10.内部审计部门是否至少每年向审计委员会提交一次内部控 | √ | | | 制评价报告（如适用） | | | | 11.从事风险投资、委托理财、套期保值业务等事项是否建立 | √ | | | 了完备、合规的内控制度 | | | | （三）信息披露 | | ...