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Core Viewpoint - Wolong Electric Drive has transformed from a small factory in Zhejiang into a global leader in the electric motor industry, showcasing a story of innovation, growth, and legacy [1][3][6] Group 1: Company Background - Founded in 1984 by Chen Jiancheng and five partners with an initial capital of 50,000 yuan, Wolong Electric Drive started as a micro motor factory [1] - The company became the first privately-owned electric motor enterprise to be listed on the Shanghai Stock Exchange in 2002 [1] Group 2: Business Segments - Wolong Electric Drive operates three main business segments: HVAC motors, industrial motors, and explosion-proof motors, with the explosion-proof motor segment being particularly prominent [3] - The company ranks first in the global explosion-proof electric drive system solutions market with a market share of approximately 4.5% as of 2024 [3] Group 3: Leadership and Strategy - Under the leadership of the new generation, including Chen Jiancheng's daughter, Chen Yanni, the company is actively seeking new growth opportunities [3] - The company has engaged in strategic divestitures and investments in emerging sectors such as robotics and low-altitude economy, enhancing its market position [3][4] Group 4: Global Presence - Wolong Electric Drive has established a global footprint with 45 production bases, 14 of which are located overseas, contributing to its competitive edge [4] - The company enjoys high customer loyalty, with an average cooperation duration exceeding 21 years [4] Group 5: Future Prospects - The company has submitted an application for listing on the Hong Kong Stock Exchange, aiming for an "A+H" dual-platform strategy to enhance financing and market presence [6] - Wolong Electric Drive exemplifies the entrepreneurial spirit of Zhejiang merchants, transitioning from a small factory to a global powerhouse under the leadership of a dynamic family team [6]