Group 1 - The company, Zhejiang Wan'an Technology Co., Ltd., has entered into an investment agreement with Huawai Technology Co., Ltd. to establish a joint venture in Mexico with a total investment of $30 million [1][2] - The company will contribute $10.5 million, representing 35% of the total investment, through its wholly-owned subsidiary, Wan'an Technology (Hong Kong) North America Investment Co., Ltd. [1][2] - The joint venture has been registered and is named JINSHENG MEXICO INDUSTRIAL S. de R.L. de C.V., with a registered capital of 50,000 Mexican Pesos [2] Group 2 - The ownership structure of the joint venture consists of 65% held by Jinsheng Industrial Investment Co., Ltd. and 35% held by Wan'an Technology (Hong Kong) North America Investment Co., Ltd. [2] - The operational scope of the joint venture includes research, manufacturing, and sales of springs, automotive parts, motorcycle parts, metal processing machinery, and spring steel wire [2]

Summary of Da Ye Co., Ltd. Conference Call Industry and Company Overview - The conference call pertains to Da Ye Co., Ltd., which is actively expanding into the green energy sector and robotics industry, focusing on innovative materials and technologies. Key Points and Arguments Green Energy Projects - Da Ye Co., Ltd. is developing green energy projects, including a 200 MW wind power project and a 70 MW biomass cogeneration project, aiming for 80% green energy supply by 2027, which will significantly reduce energy costs and carbon emissions. The wind project is expected to generate 550 million kWh annually, increasing tax revenue by approximately 30 million [2][4][5]. International Expansion - The company plans to invest in a factory in Morocco with a capacity of 200,000 tons, transferring domestic equipment in two phases. The first phase includes 40,000 tons of spring steel wire and 40,000 tons of steel cord, targeting the European and American markets. The factory is expected to be operational by the end of 2026, enhancing profitability through local logistics advantages [2][7]. Robotics Development - Da Ye Robotics Technology Co., Ltd. focuses on specialized rope products for humanoid robots, collaborating with various manufacturers to develop small batch orders. The company is exploring material advantages for future technology reserves and aims for market recognition and larger orders [2][8][9]. Key Shaft Transmission Technology - The company is expanding into key shaft transmission technology to address challenges in automation manufacturing, such as flexible knotting and welding. Initial products have been developed, and there is an increasing demand from downstream customers, which could significantly reduce labor costs [2][10][11]. Financial Performance and Market Conditions - In 2024, Da Ye Co., Ltd. faced revenue losses due to industry competition. The first quarter of 2025 still showed losses, but demand recovery is expected to improve performance in the second quarter. The company is focusing on market competition and overseas expansion to enhance profitability [6][26]. Market Share and Technical Advantages - Da Ye Co., Ltd. holds a significant market share in rubber skeleton materials, with Tai Steel wire being the largest producer globally, accounting for approximately 20% of the market and over 40% domestically. The company has established a national technology center and is recognized as a national manufacturing champion [3]. Challenges and Future Outlook - The steel industry is currently experiencing a downturn, with recovery dependent on domestic economic conditions. The company is implementing green transformation and overseas factory construction to lower production costs and increase high-margin overseas revenue, which is growing at about 20% annually [6][26][27]. Product Development and Market Potential - The company is actively working on product performance improvements and technical iterations, focusing on metal materials for current small batch orders. Future revenue targets depend on the industrialization progress of downstream customers, with aspirations for large-scale orders in the coming years [12][24][25]. Competitive Landscape - The competitive landscape in the robotics sector is unclear, with various companies pursuing different technological paths. Investors are advised to monitor technological advancements and specific company progress to make informed decisions [27][28]. Additional Important Content - The company is exploring the use of both metal and polymer materials in its products, recognizing the distinct advantages of each in different applications. The potential for convergence in material technology exists, but complete unification is unlikely due to varying requirements across different environments [15][30].

华纬科技股份有限公司 审计报告及财务报表 2020 年１月１日至 2022 年 12 月 31 日止 您可使用手机"扫一点"或进入"注册会计师行业统一监管平台（bttp://ac.nof.gov.or） 您可使用手机"扫一点"或进入"注册会计师行业统一监管平台（bttp://ace.nof.gov.or】 【 华纬科技股份有限公司 审计报告及财务报表 (2020 年 1 月 1 日 至 2022 年 12 月 31 日止) | 目录 | 页次 | | --- | --- | | 审计报告 | 1-4 | | 财务报表 | | | 合并资产负债表和母公司资产负债表 | 1-4 | | 合并利润表和母公司利润表 | 5-6 | | 合并现金流量表和母公司现金流量表 | 7-8 | | 合并所有者权益变动表和母公司所有者权益变动 | 9-14 | | 表 | | | 财务报表附注 | 1-164 | 立信会计师事务所(特殊普通合伙) DO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANT 审计报告 信会师报字[2023]第 ZF10289 号 华纬科技股份有限公司全体股东: ...