Core Viewpoint - The company, Weili Transmission, announced a plan to raise up to 600 million yuan through a private placement of A-shares, aimed at establishing a smart factory for wind turbine gearboxes, reflecting a strategic move amidst intensified competition and industry adjustments in the wind power sector [1] Group 1: Strategic Rationale - The fundraising initiative is perceived as a "counter-cyclical gamble," but it is underpinned by a clear strategic logic and a sense of responsibility towards the wind power industry [1] - The company identifies three key opportunities during the industry's downturn: a policy window targeting the construction of large wind power bases, as outlined in the "Strategic Planning Outline for Expanding Domestic Demand" [1] Group 2: Technological and Market Position - Weili Transmission's confidence in its technological advancements stems from over 20 years of experience in gearbox research and development [1] - The low domestic penetration rate of large megawatt gearboxes has been a bottleneck in the wind power supply chain, which the company aims to address through a multi-flow design breakthrough that significantly reduces product weight [1] Group 3: Future Prospects - With the implementation of the new project, Weili Transmission is expected to transition from being a "component supplier" to a "system solution provider" [1] - Currently, 97.18% of the company's revenue comes from yaw and pitch gearboxes, while the value of a single wind turbine gearbox is several times that of existing products, indicating a substantial market opportunity [1]