WLY(SZ:002434) Zheng Quan Shi Bao Wang·2025-10-13 13:55Core Insights - Wanliyang has achieved a significant technological breakthrough in the robotics field with the launch of its first planetary joint module product, marking a key milestone in its strategic upgrade and opening a new growth avenue for the company [1][3] Company Overview - Wanliyang, headquartered in Jinhua, Zhejiang, primarily operates in the automotive parts and new energy storage sectors, with a notable reputation for its transmission systems in the automotive industry [3] - The company is recognized as the first in China to cover both commercial and passenger vehicle markets with its manual and automatic transmission development and production capabilities, achieving an annual production capacity of 1.1 million commercial vehicle transmissions, 1.3 million passenger vehicle transmissions, and 350,000 electric vehicle reducers [3] Robotics Business Development - The robotics industry is a core strategic focus for Wanliyang, with the harmonic reducer project being a key research initiative aimed at achieving international standards in transmission precision, durability, and noise levels for industrial and humanoid robots [4] - The establishment of Zhejiang Wanliyang Robotics Technology Co., Ltd. in May 2023 is dedicated to the research and industrialization of precision transmission products for robotics [4] - The product range includes harmonic reducers, planetary reducers, brushless motors, and controllers, with integrated products like harmonic and planetary joint modules designed for various applications, including humanoid robots and AGVs [4] Product Specifications - The first product launched is a planetary joint module with a diameter of 90mm and a length of 68mm, featuring a peak torque of 180 Nm, a 30% improvement in torque density compared to competitors, and high precision specifications [4] - The product is designed for high-load areas in robots, such as the waist, hips, knees, and shoulders, achieving industry-leading technical standards [4] Future Outlook - The company plans to establish a production capacity of 450,000 sets of joint modules per year by the end of February 2026, reflecting its long-term commitment to scaling its robotics business [6] - The robotics team is positioned to approach project development with an entrepreneurial mindset, aiming to rapidly advance and create competitive robotics solutions [5]