长江商报消息●长江商报记者 黄聪 美力科技表示，自公司披露向不特定对象发行可转换公司债券预案以来，公司与中介机构积极推进可转 债相关工作。在综合考虑当前资本市场状况以及公司未来整体发展规划等因素，经与相关各方充分沟通 及审慎分析后，公司决定终止本次向不特定对象发行可转换公司债券事项并撤回相关申请文件。 2025年8月，美力科技发布的向不特定对象发行可转换公司债券募集说明书（修订稿）显示，公司本次 发行募集资金总额不超过3亿元（含本数），扣除发行费用后的募集资金净额将全部用于"年产200万件 智能悬架及1000万件电动及液压驱动弹性元件等产业化项目"（总投资6.56亿元，拟投入募集资金2.17亿 元），以及补充流动资金（拟投入募集资金8300万元）。 处于快速发展阶段的美力科技（300611.SZ），突然终止发行可转债。 1月26日晚间，美力科技公告显示，公司董事会同意终止向不特定对象发行可转换公司债券事项，并向 深圳证券交易所申请撤回相关申请文件。 此前公告显示，美力科技本次发行募集资金总额不超过3亿元（含本数），将用于"年产200万件智能悬 架及1000万件电动及液压驱动弹性元件等产业化项目"，以及补充流动 ...

Core Viewpoint - Meili Technology aims to become one of the top three spring manufacturers globally, emphasizing a long-term focus on its core business of spring manufacturing [2][3]. Group 1: Company Background and Development - Meili Technology has evolved from a small workshop in Shaoxing to a publicly listed company, becoming the first listed company in China's spring industry in 2017 [3][4]. - The company has maintained double-digit revenue growth from 2017 to 2024, establishing itself as a primary supplier for major automotive brands such as Geely, BYD, BMW, and Volkswagen [4]. Group 2: Strategic Acquisitions - The company has made several strategic acquisitions to enhance its manufacturing capabilities and technology, including the acquisition of Shanghai Kegong in 2018 and Korean companies in 2021 [5]. - A recent significant acquisition involves the cash purchase of Dutch Hitched Holdings, which will allow Meili Technology to expand into high-end electric trailer hitches and towing systems, complementing its existing product lines [6]. Group 3: Innovation and Future Plans - Meili Technology is investing 650 million yuan to establish a project for smart suspension and electric/hydraulic drive components, aiming to innovate in the automotive sector [6]. - The company has formed a specialized team for robotics, focusing on the application of springs in humanoid robots, and has established business relationships with several leading robotics companies [7][8]. Group 4: Intellectual Property and Standards - As of mid-2025, Meili Technology holds 111 patents and has been involved in setting various national and industry standards, showcasing its commitment to innovation and quality control [8].

Core Insights - The 17th Academic Annual Conference and Special Vehicle Conference organized by the China Society of Automotive Engineers Off-Road Vehicle Technical Committee successfully concluded, gathering over 400 industry leaders, experts, and representatives to discuss cutting-edge technologies, innovation trends, and industry challenges [1][4][7] Group 1: Event Overview - The conference served as a high-end, open platform for integration of production, learning, research, and application, promoting high-level innovation and quality development in China's off-road and special vehicle technology [1][4] - Keynote speeches were delivered by prominent figures, including government officials and industry leaders, emphasizing the importance of the off-road vehicle and special vehicle sectors [4][6] Group 2: Technical Discussions - Various technical reports were presented by experts from leading organizations, providing forward-looking insights for industry development [7][11] - A special focus was placed on the establishment and improvement of industry standards, with participation from multiple automotive companies and research institutions [13][16] Group 3: Industry Participation - The event featured a static display area showcasing leading enterprises and innovative entities in the industry, highlighting the innovative vitality and extraordinary appeal of China's off-road and special vehicle sectors [18] - The China Society of Automotive Engineers Off-Road Vehicle Technical Committee has been dedicated to promoting the overall technological innovation of off-road vehicles since its establishment in 2006, with plans to continue enhancing industry collaboration and technological breakthroughs [19]

Company Overview - Zhejiang Meili Technology Co., Ltd. (the "Company") was established in May 2002 and is headquartered in Shaoxing, Zhejiang Province. The Company was transformed from Zhejiang Meili Spring Co., Ltd. in November 2010 and is listed on the Shenzhen Stock Exchange since February 20, 2017 [2][3] - The Company operates in the general equipment manufacturing industry, specifically in the spring manufacturing sector, focusing on the research, production, and sales of various types of springs, including suspension system springs, body and interior springs, power system springs, and general springs [2][3] Financial Reporting - The financial statements of the Company are prepared based on the assumption of going concern, indicating no significant doubts about the Company's ability to continue operations for at least the next 12 months [3] - The Company adheres to the accounting principles set forth by the relevant enterprise accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows [3][4] Accounting Policies - The Company employs specific accounting policies and estimates tailored to its operational characteristics, including those related to financial instruments, fixed asset depreciation, and revenue recognition [3][4] - The Company uses the Chinese Yuan (RMB) as its functional currency for accounting purposes [4] Inventory and Cost Management - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs made when necessary [16] - The Company uses a perpetual inventory system and applies a monthly weighted average method for inventory issuance [16] Long-term Investments - Long-term equity investments are accounted for based on the nature of control, with different accounting treatments for investments in controlled, jointly controlled, and significantly influenced entities [20][21] Revenue Recognition - The Company recognizes revenue based on the fulfillment of performance obligations, determining whether these obligations are satisfied over time or at a point in time [32] - Revenue is measured at the transaction price expected to be received from customers for the transfer of goods or services [32]