Group 1 - The company plans to establish a joint venture named Foshan Tianyuan Transmission Technology Co., Ltd. with related parties [1] - The total investment for the joint venture is set at RMB 8 million, with the company contributing RMB 3.2 million, accounting for 40% of the total investment [1] - The joint venture will focus on the research, development, production, and sales of plastic gearboxes and related products [1] Group 2 - The investment structure includes contributions from other parties: Ceng Guojian (RMB 1.6 million, 20%), Li Qing (RMB 1.2 million, 15%), Liang Guangwei (RMB 1.2 million, 15%), and Beijing Qunyu Intelligent Manufacturing Technology Co., Ltd. (RMB 800,000, 10%) [1]

根据上海证券交易所提供的数据，本次网上发行有效申购户数为 13,469,543 户，有效申购股数为 90,026,989,500股。网上发行初步中签率为0.01066347%。 配号总数为180,053,979个，号码范围为 100,000,000,000–100,180,053,978。 二、回拨机制实施、发行结构及网上发行最终中签率 根据《德力佳传动科技（江苏）股份有限公司首次公开发行股票并在主板上 市发行公告》公布的回拨 机制，由于启动回拨前网上发行初步有效申购倍数约为 9,377.81倍，超过100倍，发行人和保荐人（主 承销商）决定启动回拨机制，对网 下发行、网上发行的规模进行调节，将扣除最终战略配售部分后本 次公开发行股 票数量的40%（向上取整至500股的整数倍，即1,382.9000万股）由网下回拨至网 上。 网上网下回拨机制启动后，网下最终发行数量为11,142,654股，占扣除最终 战略配售部分后本次发行数 量的32.23%，网上最终发行数量为23,429,000股，占 扣除最终战略配售部分后本次发行数量的67.77%。 回拨机制启动后，网上发行最 终中签率为0.02602442%。 一、 ...

保荐人（主承销商）：华泰联合证券有限责任公司 特别提示 德力佳传动科技（江苏）股份有限公司（以下简称"德力佳"、"发行人"或"公司"）首次公开发行人民币 普通股（A股）并在主板上市（以下简称"本次发行"）的申请已经上海证券交易所（以下简称"上交 所"）上市审核委员会审议通过，并已经中国证券监督管理委员会同意注册（证监许可〔2025〕1800 号）。 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"主承销商"或"保荐人（主承销商）"）担任本 次发行的保荐人（主承销商）。 本次发行采用向参与战略配售的投资者定向配售（以下简称"战略配售"）、网下向符合条件的投资者询 价配售（以下简称"网下发行"）与网上向持有上海市场非限售A股股份和非限售存托凭证市值的社会公 众投资者定价发行（以下简称"网上发行"）相结合的方式进行。 发行人与保荐人（主承销商）协商确定本次发行股份数量为40,000,100股。本次发行初始战略配售数量 为8,000,020股，占本次发行数量的20.00%。参与战略配售的投资者承诺的认购资金已于规定时间内足 额汇至保荐人（主承销商）指定的银行账户。依据本次发行价格确定的最终战略配售数量为5,42 ...

Group 1 - The core viewpoint of the news is that 威力传动 (300904.SZ) has reported an increase in institutional holdings, indicating growing investor interest [1] - As of October 26, 2025, a total of 10 institutional investors hold shares in 威力传动, with a combined holding of 5.8876 million shares, representing 8.13% of the total share capital [1] - The top ten institutional investors include notable entities such as 国投创合, 中国工商银行, and 中国太平洋人寿, with their combined holding ratio increasing by 0.29 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one fund, 交银主题优选混合A, increased its holdings by 0.22%, while another fund, 诺安先锋混合A, saw a slight decrease in holdings [2] - Two new public funds were disclosed this quarter, including 交银瑞思混合(LOF) and 工银物流产业股票A, while 36 public funds were not disclosed this quarter [2] - In the insurance sector, 中国太平洋人寿保险股份有限公司 increased its holdings slightly, indicating a positive trend in insurance investment [2]

Core Viewpoint - Foshan Maidong Transmission Equipment Co., Ltd. has been established with a registered capital of 1 million RMB, indicating a new player in the transmission equipment industry [1] Company Summary - The company is engaged in a wide range of activities including the sale of electrical equipment, mechanical and electrical equipment, and power electronic components [1] - It also focuses on the sale of bearings, gears, and transmission components, as well as high-speed precision heavy-load bearings [1] - Additional activities include retail and wholesale of hardware products, research and development of hardware products, and sales of machine tool functional components and accessories [1] Industry Summary - The establishment of the company reflects ongoing growth and diversification in the transmission equipment sector, which includes various mechanical and electrical sales [1] - The company's operations cover essential components for machinery and construction, indicating a broad market potential [1]

Group 1 - Hengli Group has established a new company named Zhejiang Baisida Transmission Technology Co., Ltd with a registered capital of 50 million yuan [1] - The company's business scope includes manufacturing gears and gear reducers, sales of precision gear transmission devices, manufacturing of automotive parts and components, and wholesale of automotive accessories [1] - The company is co-owned by Hengli Group, Wu Jiao Jun, and Wu Jia Qi [1]

Core Viewpoint - Ningbo Dongli experienced a significant stock price increase of 7.36% on August 22, reaching 13.27 CNY per share, with a trading volume of 730 million CNY and a turnover rate of 12.04%, resulting in a total market capitalization of 7.062 billion CNY [1] Company Overview - Ningbo Dongli Co., Ltd. is located at 1 Yinhai Road, Jiangbei District, Ningbo City, primarily engaged in the production and manufacturing of transmission equipment, providing comprehensive transmission solutions for the high-end market [1] - The company operates three manufacturing bases and employs over 1,800 staff members [1] Financial Performance - For the period from January to March 2025, Ningbo Dongli reported an operating income of 333 million CNY, representing a year-on-year growth of 8.99% [1] - The net profit attributable to shareholders reached 15.8489 million CNY, marking a substantial year-on-year increase of 116.63% [1] Shareholder Information - As of July 31, Ningbo Dongli had 56,900 shareholders, with an average of 8,437 circulating shares per person [1]

Core Viewpoint - Ningbo Dongli experienced a significant stock price increase, reaching a limit up of 10.04% on August 19, with a trading price of 12.6 yuan per share and a total market capitalization of 6.705 billion yuan [1] Company Overview - Ningbo Dongli Co., Ltd. is located at No. 1 Yinhai Road, Jiangbei District, Ningbo, and primarily engages in the production and manufacturing of transmission equipment, providing comprehensive transmission solutions for the high-end market [1] - The company operates three manufacturing bases and employs over 1,800 staff members [1] Financial Performance - For the period from January to March 2025, Ningbo Dongli reported an operating income of 333 million yuan, reflecting a year-on-year growth of 8.99% [1] - The net profit attributable to shareholders reached 15.8489 million yuan, marking a substantial year-on-year increase of 116.63% [1] Market Activity - As of 13:18 on August 19, the trading volume was 1.23 billion yuan, with a turnover rate of 21.51% [1] - The number of shareholders stood at 56,900, with an average of 8,437 circulating shares per person [1]

1. Report Core View - The company, Weili Transmission, has achieved accelerated development after its listing in 2023, making significant progress towards becoming a global leading transmission equipment manufacturer through strategic layouts and initiatives [24][25]. - The company has established a clear and systematic strategic plan for overseas market expansion, with service points in multiple key markets and has entered the qualified supplier lists of several international well - known wind power companies [28]. - The company's wholly - owned subsidiaries have received project approvals for the "Thousands of Townships and Villages Wind - Powered Action", which will promote the coordinated development of its new energy power generation and wind power transmission businesses [28]. 2. Summary by Directory 01. Research Basic Situation - The research object is Weili Transmission, and the reception time was on July 25, 2025. The company's vice - president and board secretary, Zhou Jianlin, received the investors [17]. 02. Detailed Research Institutions - The research institutions include Haitong Securities (a securities company), Qianhai Life Insurance (a life insurance company), and Boshi Fund (a fund management company) [18]. 04. Main Content Data Company Overview - Investors visited the company's exhibition hall, precision reducer factory, and speed - increaser intelligent factory. Zhou Jianlin introduced the company's growth history, main business, core products, and the latest progress of the speed - increaser intelligent factory [24]. Strategic Layout After Listing - In 2023, the company was listed on the ChiNext of the Shenzhen Stock Exchange. It increased investment in R & D and production capacity expansion. The first wind power speed - increaser was successfully assembled and tested in 2023, and the Z5503A wind power speed - increasing gearbox passed the certification. In 2024, the wind power speed - increaser business had small - batch shipments [24]. - In October 2024, the company signed cooperation agreements with Goldwind Technology to enhance R & D, production, and market capabilities [25]. Industry Barriers of Wind Power Speed - increasers - There are technical barriers (complex design, high precision requirements, and strict tests), capital barriers (large capital demand), customer and certification barriers (strict supplier access and long verification periods), and brand and talent barriers (difficult for new brands to gain trust and hard to form a team) [26]. R & D Investment - In 2023, the R & D expenses were 4,255.96 million yuan, and in 2024, they were 5,134.78 million yuan, a 20.65% increase from the previous year. The cumulative R & D investment in the past three fiscal years was 12,611.41 million yuan [26]. - As of March 31, 2025, the company had 203 authorized patents, including 31 invention patents [27]. Advantages of Speed - increaser Products - The company's wind power speed - increasers have advantages such as smooth meshing, low noise, good sealing, high efficiency, light weight, and low cost, due to advanced technology and processes [27]. Overseas Market Expansion - The company has set up global service points in key markets like Hamburg, Chennai, and Tokyo. It has entered the qualified supplier lists of international wind power companies such as Siemens - Gamesa, Enercon, and Adani [28]. Participation in "Thousands of Townships and Villages Wind - Powered Action" - The company's wholly - owned subsidiaries have received project approvals for a total installed capacity of 65MW of wind power generators, which will promote business synergy and market competitiveness [28].