银川威力传动技术股份有限公司 投资者关系活动记录表 证券代码：300904 证券简称：威力传动 编号：2025-033 | 后将用于风电增速器智慧工厂（一期）及补充流动资金。相关工作 | | --- | | 正按计划稳步推进。 | | 2025 年 9 月 15 日，公司召开 2025 年第四次临时股东会，审议 | | 通过了《关于公司符合向特定对象发行 A 股股票条件的议案》《关 | | 于公司 2025 年度向特定对象发行 A 股股票方案的议案》等全部相关 | | 议案，为后续申报工作奠定了基础。 | | 根据监管要求，本次向特定对象发行股票事项尚需提交深圳证 | | 券交易所审核通过，并经中国证券监督管理委员会同意注册后方可 | | 实施。后续公司将严格按照相关法律法规的规定，及时履行信息披 | | 露义务。 | | 3、增速器智慧工厂目前建设的怎么样了？ | | 答：截至 2025 年 8 月底，公司对风电增速器智慧工厂累计实际 | | 投入金额为 12.31 亿元。目前，工程土建施工工作已全部完成，风 | | 电增速器智慧工厂（一期）仍处于建设期关键阶段，生产设备已基 | | 本到厂，整体建设进展顺 ...

证券日报网讯 威力传动（300904）9月30日发布公告，在公司回答调研者提问时表示，风电增速器智慧 工厂的"智慧"主要体现在以下几个方面：（1）智能物流与仓储管理：工厂集成了AGV、立体库等设 备，并结合SAP、MES等管理系统和智慧物流的仓库智能化调度管理系统，实现了增速器原材料、成品 等储装运的统计、设备统筹调度、远程故障维护等一体化管控，确保产品全流程智能化运输及存储。 （2）生产过程自动化与信息化：机加车间内，每块加工部件和物料周转筐都有专属二维码"数字身份 证"，通过MES终端扫描，可清晰呈现原材料进厂、部件加工到成品组装的全流程信息。（3）智能检测 与质量管控：公司设立了质量保证中心，建立了完善的质量管理制度，并搭建专业试验台，有效保证了 产品的质量水平及可靠性。（4）数字化研发平台：通过PLM系统与APQP4Wind工具的融合，对研发质 量进行管理，以项目管理形式实现BOM的管理、变更管理、技术文件管理以及项目进度的管理，有效 解决在研发质量管控过程中的问题，缩短研发周期，提高研发效率。 ...

Company Overview - Silver Power Transmission Technology Co., Ltd. was established in 2003 in Yinchuan, with approximately 1,600 employees [2][3]. - The main business includes R&D, production, and sales of wind power gearboxes, with key products such as wind power gearbox reducers, pitch gearboxes, and integrated drive assemblies for new energy vehicles [2][3]. Financial and Operational Highlights - As of August 2025, the total investment in the wind power gearbox smart factory reached CNY 1.231 billion [3][4]. - The smart factory is currently in a critical construction phase, with all civil engineering completed and production equipment mostly delivered [3][4]. Smart Factory Development - The smart factory is expected to add an annual production capacity of 2,000 wind power gearboxes upon full operation [4][5]. - The factory's "smart" features include: - Automated logistics and warehouse management using AGV and smart scheduling systems [4]. - Process automation with digital tracking of materials through QR codes [4]. - Quality control through a dedicated quality assurance center [4]. Competitive Advantages - The smart factory is aligned with market trends towards larger and smarter wind turbines, enhancing the company's competitiveness [3][5]. - Industry barriers include: - High technical requirements and rigorous testing for product validation [5]. - Significant capital investment needed for equipment and R&D [5]. - Long supplier qualification periods of 2-3 years for new entrants [5]. Production Management Systems - The company has established comprehensive management systems including PLM, ERP, MES, and DNC to streamline production processes [6]. - These systems facilitate the management of production orders, material preparation, and quality control [6].

联手乐聚进军机器人领域， 在手订单充沛业绩稳增可期 事件：2025 年 9 月 19 日，东方精工与乐聚智能合资设立的东 方元启智能机器人（广东）有限公司正式成立，注册资本 1 亿元， 业务涵盖服务消费机器人制造、智能家庭消费设备制造等领域。 强强联合切入人形机器人赛道，成长空间可期 作为瓦楞纸箱印刷包装设备龙头，公司跨界进军智能机器人领域，形 成"集群化战略投资"布局，旨在提升未来竞争力。双方将充分发挥 各自技术优势，共同开拓智能制造新市场。东方精工凭借在高端智能 装备制造领域近三十年的深厚积累及资源优势，在精密机械加工、自 动化产线集成、质量控制和费用管控等方面具备核心竞争力，能够有 效解决人形机器人从实验室样机走向规模化、商业化量产过程中的核 心制造瓶颈。而乐聚智能具备前沿的技术研发能力，其在机器人模块 化关节、全身动量控制算法等核心软硬件技术上处于国内领先地位， 推出的 KUAVO（夸父）人形机器人已展现出优异的运动能力与场景适 应性。从市场前景来看，人形机器人赛道空间广阔，随着人工智能与 传感技术的持续进步，未来在工业制造、商业服务、科研教育及家庭 服务等领域具有广泛的应用潜力。 2025 年 09 ...

Core Viewpoint - The company announced that its wind power gearbox smart factory (Phase I) is in a critical construction phase, with core production equipment largely deployed, laying a hardware foundation for future capacity release [1] Production Capacity Factors - The factory is currently in the initial stage of capacity ramp-up, facing three main factors affecting full capacity release: 1. The production team needs to enhance operational proficiency to ensure precise equipment operation 2. Continuous optimization of production line connections is required to achieve efficient process integration 3. Some equipment is still undergoing debugging and performance calibration to ensure long-term operational stability [1] Capacity Release Strategy - The factory's capacity will follow a "steady ramp-up, gradual release" approach, with the company committed to monitoring production line integration, personnel training, and equipment debugging progress, aiming to gradually approach design capacity as each aspect matures [1]

Group 1: Core Insights - The article highlights the transformation of Chongqing's manufacturing sector towards high-end services and digitalization, driven by innovation and modern service industries [1][2][5] - Chongqing is positioning itself as a key industrial base in China, with a significant focus on production-oriented service industries that are expected to account for 36% of the economy by 2030 [4][5] - The integration of smart technologies in manufacturing, such as AI and industrial internet platforms, is enhancing production efficiency and quality [3][4] Group 2: Manufacturing and Service Industry Developments - The number of advanced intelligent factories in Chongqing has reached 178, with basic intelligent factories totaling 980, indicating a robust growth in smart manufacturing [4] - The production of motorcycles in Chongqing is projected to reach 3.622 million units in the first half of 2025, reflecting a year-on-year growth of 23.1%, surpassing the national growth rate [4] - The city has become a hub for laptop manufacturing, with over 2,300 supporting enterprises, producing one in three laptops globally [4] Group 3: Digital and Tourism Innovations - Digital upgrades in tourism are enhancing visitor experiences, with significant increases in attendance at attractions like the Chongqing China Three Gorges Museum due to technological enhancements [7][9] - The use of drone light shows has attracted over 4 million viewers, showcasing the city's innovative approach to tourism and entertainment [8] - The integration of smart technologies in tourism management is improving service quality and operational efficiency [9] Group 4: Open Economy and International Cooperation - Chongqing is recognized as a pilot city for expanding service industry openness, with significant achievements in international standard formulation and innovative cross-border trade initiatives [12][13] - The city has established partnerships with international entities, enhancing its role as a hub for investment and trade in the western region of China [13][14] - Projects like the establishment of the Singapore-Raffles International School in Chongqing reflect the city's commitment to fostering international collaboration and talent development [14]

Core Viewpoint - The company is making steady progress in the construction of its wind power gearbox smart factory, with significant investments and expected improvements in gross margin upon production commencement [3][4]. Group 1: Investment and Construction Progress - As of August 2025, the company has invested a total of 1.231 billion yuan in the wind power gearbox smart factory, with all civil engineering work completed [3]. - The factory is currently in a critical construction phase, with production equipment mostly on-site and overall construction progressing smoothly [3]. - The company is accelerating the debugging of all equipment and verifying the stability and rationality of the production process to achieve full process connectivity and scale production conditions as soon as possible [3]. Group 2: Capacity and Production Challenges - The company indicated that the factory is in the initial stage of capacity ramp-up, facing three main factors that affect the full release of capacity: the need for the production team to improve operational proficiency, ongoing optimization of production line connections, and some equipment still undergoing debugging and performance calibration [3]. - The capacity will be released gradually, following a "steady ramp-up" approach, with continuous tracking of production line adjustments, personnel training, and equipment debugging progress [3]. Group 3: Expected Financial Impact - Once the gearbox smart factory is operational, a significant increase in gross margin is anticipated, driven by enhanced product added value and cost reduction from economies of scale [4]. - The wind power gearbox is considered the "crown jewel" of the wind power equipment manufacturing industry, being the most technologically advanced core component of wind turbine generators, which has a high unit value and pricing basis [4].

Group 1: Core Insights - The article highlights the transformation of Chongqing's manufacturing sector towards high-end services and digitalization, driven by innovation and modern service industries [1][2][5] - Chongqing is positioning itself as a key industrial base in China, with a significant focus on production-oriented service industries that are expected to account for 36% of the economy by 2030 [4][5] - The integration of advanced technologies such as AI and industrial internet platforms is enhancing production efficiency and enabling smart manufacturing in Chongqing [2][3][4] Group 2: Manufacturing and Service Industry Developments - The number of advanced intelligent factories in Chongqing has reached 178, with basic intelligent factories totaling 980, showcasing the rapid growth of smart manufacturing [4] - The production of motorcycles in Chongqing is projected to reach 3.622 million units in the first half of 2025, reflecting a year-on-year growth of 23.1%, surpassing the national growth rate [4] - The city has become a hub for laptop manufacturing, with over 2,300 supporting enterprises, producing one in three laptops globally [4] Group 3: Digital and Tourism Innovations - Digital upgrades in tourism have significantly increased visitor numbers, with projects like the "Chongqing 2088 Future Journey" enhancing the city's appeal [6][7][9] - The use of drone light shows has attracted over 4 million viewers, indicating a successful integration of technology into tourism experiences [8][9] - Smart tourism management systems are being implemented in various locations, improving service quality and visitor experience [9] Group 4: Open Economy and International Cooperation - Chongqing is recognized as a pilot city for expanding service industry openness, with significant achievements in international standard formulation and innovative cross-border trade initiatives [12][13] - The city has established partnerships with international entities, enhancing investment flows and cooperation in various sectors [13][14] - Projects like the establishment of the Singapore-Raffles Education Group's high school in Chongqing reflect the city's commitment to fostering international talent and educational exchanges [14]

Group 1: Company Overview - Jabil Electronics (Wuxi) Co., Ltd. is a wholly-owned subsidiary of Jabil Electronics located in the Wuxi High-tech Comprehensive Bonded Zone, recognized as an "invisible champion" in the electronics contract manufacturing sector and a "pioneering outpost" for innovation and research [2] - The company employs 3,500 staff who provide comprehensive lifecycle services for top global electronics firms, covering areas such as communications, storage, IoT, new energy, smart instruments, semiconductor equipment, automotive electronics, medical, and consumer electronics [2] - Jabil has over a hundred patents, showcasing its technological and innovative capabilities [2] Group 2: Industry and Economic Impact - The Wuxi High-tech Comprehensive Bonded Zone has attracted over 70 industry giants, including four Fortune Global 500 companies, and has established a highly efficient collaborative industrial network [2] - In 2024, the bonded zone achieved an impressive import and export total of 174.04 billion yuan, marking a year-on-year increase of 24.3%, ranking second in the province and seventh nationally [2] - The area, which occupies only 0.05% of Wuxi City, contributes 22.6% to the city's total import and export value, highlighting its significant economic impact [2] Group 3: Foreign Investment and Global Collaboration - The Wuxi High-tech Zone has attracted a cumulative foreign investment of 26.292 billion USD, with foreign trade import and export scale exceeding 50 billion USD for seven consecutive years [3] - The zone hosts 1,827 foreign enterprises, including 128 Fortune Global 500 companies, forming a robust industrial matrix [3] - The area has established overseas business innovation exchange centers in Japan, South Korea, Europe, and Singapore to enhance cross-border cooperation [4] Group 4: Innovation and Future Development - The successful implementation of over 100 billion USD foreign investment projects, such as SK Hynix and Huahong, has led to the establishment of three "lighthouse factories," making the region a leader among national high-tech zones [4] - The local economy is leveraging digitalization to empower traditional trade and enhance international competitiveness through high-value-added products [4] - The Wuxi High-tech Zone is focused on improving resource allocation capabilities and enhancing industrial resilience through international cooperation and innovation networks [4]

Group 1: General Information - The research is about Yingfeng Co., Ltd. in the textile and apparel industry [16] - The research date is September 12, 2025 [16] - The listed company's reception staff includes the chairman and general manager Fu Shuangli, board secretary Yao Yong, financial director Zhou Yonghua, and independent director Tan Guochun [16] Group 2: Research Institutions - The research institutions are investors who participated in Yingfeng Co., Ltd.'s 2025 semi - annual performance briefing online [19] Group 3: Key Insights Revenue and Profit in the First Half of 2025 - Due to the impact of international tariff policy adjustments and low capacity utilization in the early stage of the third division's production, the company's operating income in the first half of 2025 was 692.2962 million yuan, a year - on - year decrease of 8.11% [23] - The net profit attributable to shareholders of the listed company was - 20.1899 million yuan, a year - on - year decrease of 173.44% [23] - The net profit attributable to shareholders of the listed company after deducting non - recurring gains and losses was - 19.1343 million yuan, a year - on - year decrease of 172.83% [23] Business Strategy - The company uses both internal growth and external expansion as dual drivers, aiming to "broaden and deepen the main channel" and strengthen the advantages of the printing and dyeing business [23] - It actively seeks cooperation opportunities with strategic investors, peer companies, upstream and downstream enterprises, and cutting - edge technology companies [23] Investment in Beijing Zhitong Precision Technology - The company has a stake in Beijing Zhitong Precision Transmission Technology Co., Ltd., which mainly produces high - precision reducers for industrial robot joints [24][25] - The investment is based on the demand for industrial automation and the industrial robot industry chain in the "smart factory" construction of the third division, aiming to improve the automation and intelligence level of the smart factory and production efficiency [25][26] Share Repurchase - As of August 31, 2025, the company had repurchased 7,996,125 shares through centralized bidding transactions, accounting for 1.82% of the total share capital, with a total payment of 48.50440725 million yuan [24] Business Plan for the Second Half of 2025 - The company will adhere to the "one - body, two - wings, and two - pillar" development strategy, with textile printing and dyeing as the main body, marketing and R & D as the two wings, and deepening the value chain and industrial chain and the linkage between capital and industry as the pillars [26] - It will focus on technological innovation, intelligent manufacturing, product upgrading, and energy conservation and environmental protection [26] Reasons for Revenue Decline and Profit Loss in the First Half of 2025 - Revenue decline was mainly due to the impact of international tariff policies on the textile and apparel industry chain, lower sales volume, and lower selling prices [26] - Profit loss was due to lower selling prices and higher unit costs caused by low capacity utilization in the third division [27]