Core Viewpoint - The company, Weili Transmission, is positioned as a leading manufacturer in the wind power equipment sector, focusing on the development and production of gearboxes and speed increasers, aiming to capitalize on the growing wind power market and enhance its global presence [2][3]. Group 1: Company Overview - Weili Transmission specializes in the research, development, production, and sales of wind power gearboxes and speed increasers, holding a leading market share in China for several years [3]. - The company has successfully developed a 10 MW offshore wind turbine gearbox, marking a significant achievement in domestic high-capacity offshore wind power technology [3][4]. - The company has invested over 120 million yuan in R&D over the past three fiscal years, with a patent portfolio of 204 effective patents, including 31 invention patents [4]. Group 2: Product Development and Innovation - The company is focusing on enhancing its core competitiveness by developing both gearboxes and speed increasers, which are essential components in wind power systems [3][4]. - Recent efforts have been directed towards increasing the torque density of gearboxes and enhancing the production capacity of speed increasers, which are higher-value products priced between 1.5 million to 2 million yuan [4][6]. - The company plans to establish a smart factory for speed increasers with a total investment of 5 billion yuan, aiming for an annual production capacity of 4,000 units [6][7]. Group 3: Market Expansion and Performance - The wind power market in China is experiencing rapid growth, with a 100% year-on-year increase in new installed capacity, creating a significant demand for core components like speed increasers [8]. - The company has seen a substantial increase in orders and revenue, particularly from overseas markets, with expectations of doubling international sales next year [9][8]. - Weili Transmission is actively expanding its international footprint by establishing service networks in key regions such as Germany, India, and Japan, which is expected to enhance its market share and industry position [8][9].

Group 1: Company Overview - Wei Li Transmission was established in 2003 in Yinchuan, with over 1,000 employees and specializes in R&D, production, and sales of wind power gearboxes [1] - The company has become a key supplier for major domestic wind power enterprises and has entered the qualified supplier lists of international companies like Siemens-Gamesa and Adani [1] Group 2: Core Competitiveness - The company's gearboxes feature advantages such as smooth engagement, low noise, good sealing performance, high efficiency, lightweight, and low cost, attributed to advanced technology and processes [2] - The use of high-quality alloy steel and advanced heat treatment processes enhances the durability and fatigue life of the gears [2] Group 3: Smart Factory Development - As of August 2025, the total investment in the wind power gearbox smart factory reached CNY 1.231 billion, with construction progressing smoothly [2] - The factory is in a critical phase of construction, with core production equipment mostly delivered, and efforts are underway to ensure operational readiness [2] Group 4: Production Capacity and Profitability - The factory's production capacity will gradually ramp up, with a focus on improving operational proficiency and optimizing production line efficiency [2] - The expected gross margin post-production is anticipated to increase significantly due to enhanced product value and economies of scale [3] Group 5: Market Outlook - The global wind power installed capacity is projected to grow, with an expected addition of 981 GW from 2025 to 2030, driving demand for wind power gearboxes [3] - In China, the newly installed wind power capacity reached 51.39 GW in the first half of 2025, a year-on-year increase of 98.88% [3] - The Chinese market for main gearboxes in wind power is estimated to grow from USD 3.136 billion in 2023 to USD 4.263 billion by 2030 [3]