威尔?分析师会议-20250522

Group 1: Research Basic Information - The research object is Willgoo, belonging to the electronic components industry, with a reception time of May 21, 2025, and the listed company's reception personnel are General Manager Chen Xing and Secretary to the Board Jia Xiaoyan [17] Group 2: Detailed Research Institutions - The reception object is online investor questions, with the type being other and no relevant institutional personnel specified [19] Group 3: Proportion of Research Institutions - Other institutions account for 100% [24] Group 4: Main Content Data - The Thai factory's operations are progressing as planned, mainly focusing on AI power supplies and automotive electronics products. In the AI power supply product field, a breakthrough has been made in the 30L product technology barrier, achieving small - batch terminal shipments, and mass - production of high - end DC - DC power modules is supported [26] - The company is not currently providing products to Huawei Ascend, and product applications are determined by customer needs [26] - In the server power supply field, the company continues to deepen its presence, and relevant business orders are growing well, with the overall development trend matching the industry's prosperity and the company's strategic plan. To meet order demand, Thailand is continuously adding equipment to release production capacity, and the second - phase plant in Jiangxi started construction in April [26][27] - The company currently has no plan to repurchase shares but will comprehensively consider future repurchase needs based on market conditions, financial status, and strategic plans. Information on 2025 orders and accounting treatment should be based on the company's disclosed periodic reports [27][28] - The company has not been directly affected by NVIDIA's decision to stop supplying some products to the Chinese mainland, as its business mainly focuses on the R & D, production, and sales of printed circuit boards (PCBs) [27] - Information on the company's 2025 operating conditions should be based on the company's disclosed periodic reports [26][27] - The company currently has no plan for mergers and acquisitions and is more focused on optimizing existing business and expanding the market [29]