Company Overview - Silver Power Transmission Technology Co., Ltd. was established in 2003 in Yinchuan, with approximately 1,600 employees [2][3]. - The main business includes R&D, production, and sales of wind power gearboxes, with key products such as wind power gearbox reducers, pitch gearboxes, and integrated drive assemblies for new energy vehicles [2][3]. Financial and Operational Highlights - As of August 2025, the total investment in the wind power gearbox smart factory reached CNY 1.231 billion [3][4]. - The smart factory is currently in a critical construction phase, with all civil engineering completed and production equipment mostly delivered [3][4]. Smart Factory Development - The smart factory is expected to add an annual production capacity of 2,000 wind power gearboxes upon full operation [4][5]. - The factory's "smart" features include: - Automated logistics and warehouse management using AGV and smart scheduling systems [4]. - Process automation with digital tracking of materials through QR codes [4]. - Quality control through a dedicated quality assurance center [4]. Competitive Advantages - The smart factory is aligned with market trends towards larger and smarter wind turbines, enhancing the company's competitiveness [3][5]. - Industry barriers include: - High technical requirements and rigorous testing for product validation [5]. - Significant capital investment needed for equipment and R&D [5]. - Long supplier qualification periods of 2-3 years for new entrants [5]. Production Management Systems - The company has established comprehensive management systems including PLM, ERP, MES, and DNC to streamline production processes [6]. - These systems facilitate the management of production orders, material preparation, and quality control [6].

Company Overview - Silver Power Transmission Technology Co., Ltd. was established in 2003 in Yinchuan, with over 1,000 employees [2] - The main business includes R&D, production, and sales of wind power gearboxes, with key products such as yaw reducers, pitch reducers, and wind power accelerators [2] - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [2] Product Advantages - The company's accelerators feature advantages such as smooth engagement, low noise, good sealing performance, high efficiency, lightweight, and low cost [3] - High-quality alloy steel is used for gears, with advanced heat treatment processes enhancing wear resistance and fatigue life [3] Smart Factory Development - As of August 2025, the total investment in the wind power accelerator smart factory reached CNY 1.231 billion [3] - Construction of the factory is progressing smoothly, with core production equipment already on-site [3] Production Capacity - The factory is currently in the critical phase of construction, with production capacity gradually increasing [3] - Factors affecting full capacity release include the need for team training, process optimization, and equipment calibration [3] Profitability Expectations - The smart factory is expected to significantly enhance gross profit margins due to increased product value and cost reduction from economies of scale [4] - The wind power accelerator is a high-value component, with anticipated gross margins higher than conventional wind power reducers [4] Market Outlook - The global and Chinese wind power installation scales are continuously expanding, creating strong demand for wind power accelerators [4] - According to GWEC, the global wind power installation capacity is expected to reach 981 GW from 2025 to 2030, averaging 164 GW annually [4] - The Chinese wind power gearbox market is projected to grow from USD 3.136 billion in 2023 to USD 4.263 billion by 2030 [4] International Expansion - The company has established global service points in key markets such as Hamburg, Germany, and Tokyo, Japan [5] - It has successfully entered the supplier lists of international companies like Siemens Gamesa and Adani [5] - The company aims to enhance service capabilities and deepen customer relationships to expand its international market share [5]

Company Overview - Silver Power Transmission Technology Co., Ltd. was established in 2003 in Yinchuan, with over 1,000 employees. The main business includes R&D, production, and sales of wind power gearboxes and other precision transmission solutions for the renewable energy industry. The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [2][3]. Market Outlook - The global and Chinese wind power installation scale is continuously expanding, establishing a solid demand foundation for the wind power gearbox market. The Global Wind Energy Council (GWEC) projects that from 2025 to 2030, the global wind power installation capacity will reach 981 GW, averaging 164 GW per year. This significant scale will directly drive the demand for core components like wind power gearboxes [3]. - In the first half of 2025, China's newly installed wind power capacity reached 51.39 GW, a year-on-year increase of 98.88%. The market for wind power gearboxes in China is expected to grow rapidly alongside installation volume, with the market size projected to increase from approximately $3.136 billion in 2023 to $4.263 billion by 2030 [3]. Smart Factory Development - As of August 2025, the company has invested a total of 1.231 billion yuan in the wind power gearbox smart factory. The construction of the factory is progressing smoothly, with all civil engineering completed and core production equipment arriving on site [4]. - The factory is currently in a critical construction phase, focusing on equipment debugging and process verification to ensure efficient production flow and prepare for large-scale production [4]. Production Capacity and Challenges - The smart factory is in the initial ramp-up phase, with three main factors affecting full capacity release: the production team's operational proficiency, optimization of production line connections, and ongoing equipment debugging [4]. - The company plans to gradually increase production capacity as these factors stabilize, aiming to reach design capacity over time [4]. Product Advantages - 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 [5]. - The use of high-quality alloy steel and advanced heat treatment processes enhances the durability and fatigue life of the gears, while precision machining ensures low noise and high efficiency [5]. Profitability Expectations - The smart factory is expected to significantly improve gross margins through product value addition and scale effects. The high value of wind power gearboxes positions them for higher gross margins compared to conventional products [5]. - The intelligent production line is anticipated to enhance processing precision and yield, reducing waste and lowering unit costs, which will positively impact the overall gross margin as production capacity and market share increase [5].

Group 1: Company Overview - Weili Transmission was established in 2003 in Yinchuan, with over 1,000 employees and specializes in the R&D, production, and sales of wind power gearboxes and related products [1] - The company has become a key supplier for major domestic wind power enterprises and has entered the qualified supplier lists of international companies such as Siemens-Gamesa and Adani [1] Group 2: Funding for Smart Factory - The funding for the construction of the smart factory for gearboxes will primarily come from self-owned funds, bank loans, and secondary market refinancing, with a planned credit limit of up to 3 billion yuan [2] - The company plans to raise up to 600 million yuan through a private placement of A-shares to support the smart factory and working capital [2] Group 3: R&D Investment and Cost Control - R&D expenses for 2023 were approximately 42.56 million yuan, with a projected increase of 20.65% to 51.35 million yuan in 2024, totaling 126.11 million yuan over the last three years [2] - The company focuses on optimizing the internal structure of gearboxes to reduce material costs and improve production efficiency through technological innovation and process improvements [2][3] Group 4: Market Outlook and Industry Barriers - The global wind power installed capacity is expected to grow, with an estimated addition of 981 GW from 2025 to 2030, driving demand for wind power gearboxes [4] - The Chinese market is projected to add 86 GW in 2024, a year-on-year increase of 11%, significantly outpacing global growth [4] - Industry barriers include high technical requirements, significant capital investment, stringent supplier qualifications, and the need for a strong brand reputation [3][4]

Company Overview - Weili Transmission was established in 2003 in Yinchuan, with over 1,000 employees [1] - The main business includes R&D, production, and sales of wind power gearboxes and other precision transmission solutions for the renewable energy industry [1] - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [1] Market Demand and Strategic Considerations - The global wind power industry is experiencing strong growth, with an expected increase in global wind power installations of 981 GW from 2025 to 2030, averaging 164 GW annually [2][5] - Domestic "dual carbon" goals are driving the development of clean energy, increasing the demand for core components like gearboxes [2] - The company plans to expand production capacity through a private placement to meet market demand and enhance competitiveness [2] Technical and Competitive Barriers - Wind power gearboxes are considered the "crown jewel" of wind power equipment, requiring high precision in design, processing, and assembly [3] - Significant barriers include: - **Technical Barriers**: High design and processing precision, requiring rigorous testing [3][4] - **Financial Barriers**: Capital-intensive industry with substantial equipment and R&D costs [4] - **Customer and Certification Barriers**: Long verification cycles (2-3 years) for new suppliers [4] - **Brand and Talent Barriers**: New brands struggle to gain trust, and the industry requires multidisciplinary talent [4] Competitive Advantages - The company has established a strong technical and process advantage in the wind power gearbox sector, necessitating continuous R&D investment to maintain market competitiveness [4] - The construction of a smart factory for gearbox production aims to address current production limitations and enhance efficiency [2][5] Market Outlook - The Chinese wind power gearbox market is projected to grow from approximately $31.36 billion in 2023 to $42.63 billion by 2030, indicating a robust market outlook [6] - The increasing demand for high-power models and efficiency improvements will drive the need for advanced gearboxes, benefiting companies with technological advantages [6]

Group 1: Company Overview - Wei Li Transmission was established in 2003 in Yinchuan, with over 1,000 employees [2] - The main business includes R&D, production, and sales of wind power gearboxes and speed increasers, with key products such as yaw gearboxes and pitch gearboxes [2] - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [2] Group 2: Strategic Importance of Smart Factory Project - The wind power speed increaser smart factory project will fill regional industrial gaps and strengthen location barriers, addressing the demand for high-power speed increasers [3] - The project will enhance the product matrix and improve the company's influence in the wind power sector [3] - Smart factory implementation will leverage over 200 patents to boost production efficiency and support product innovation [3] Group 3: Future of Wind Power Industry - The company holds a long-term optimistic view on the wind power industry, with steady growth in global and domestic installation demand expected [3] - Policies like the "Shagao Desert" base and offshore wind development provide clear growth support [3] - The company’s existing technical and regional advantages align well with industry trends [3] Group 4: Technical Barriers in Speed Increaser Manufacturing - Wind power speed increasers are critical components with high design and manufacturing requirements, ensuring reliability and longevity while being compact and lightweight [4] - The manufacturing process is complex, requiring precise calculations and rigorous testing under various conditions [4] Group 5: Advantages of Company’s Speed Increaser Products - The company's speed increasers are known for their smooth engagement, low noise, good sealing, high efficiency, and lightweight [4] - Advanced manufacturing techniques enhance durability and performance, achieving high precision in gear components [4] Group 6: Participation in "Thousand Villages and Ten Thousand Towns Wind Action" - The company’s subsidiaries have received approvals for projects totaling 65 MW in wind power generation capacity [4] - These projects will promote the synergy between the company's renewable energy and gearbox businesses, enhancing market competitiveness [4] Group 7: Maintaining Operational Capability Amid Cost Pressures - In 2025, the company aims to innovate while adhering to strategic principles, focusing on the renewable energy sector and lean management [4] - Efforts will include expanding overseas markets, optimizing supply chains, and enhancing product structure to meet market demands [4]

Group 1: Company Overview - Weili Transmission was established in 2003 in Yinchuan, with over 1,000 employees. The main business focuses on the R&D, production, and sales of wind power gearboxes and speed increasers, including wind power yaw gearboxes, pitch gearboxes, and speed increasers for new energy vehicles [2][3]. - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023, marking a significant milestone in its development [2]. Group 2: Strategic Initiatives - The company has proactively recruited employees for its speed increaser smart factory to support operations, which may temporarily increase costs but is expected to drive capacity and revenue growth in the long term [3]. - The decision to initiate a private placement is driven by three main factors: strong market demand due to the global wind power industry's growth, the need for capacity expansion to meet production requirements, and the competitive landscape necessitating advanced R&D and scale production [3]. Group 3: Industry Barriers - Key barriers in the wind power speed increaser industry include: - **Technical Barriers**: High precision requirements and rigorous testing processes create significant entry challenges [4]. - **Financial Barriers**: The capital-intensive nature of the industry requires substantial investment in equipment and R&D [4]. - **Customer and Certification Barriers**: Long verification cycles (2-3 years) and strict supplier admission criteria hinder new entrants [4]. - **Brand and Talent Barriers**: Established brands dominate the market, making it difficult for new companies to gain trust and assemble skilled teams [4]. Group 4: Quality Control Measures - The company has established a quality assurance center and a comprehensive quality management system to oversee the entire production cycle, ensuring high standards from raw material selection to production processes [4]. - The implementation of a self-developed wind power gearbox testing platform allows for rigorous testing under simulated operational conditions, ensuring product reliability and quality [4].

Company Overview - 威力传动 was established in 2003 in Yinchuan, with over 1,000 employees. The main business focuses on the R&D, production, and sales of wind power gearboxes and related products [2][3]. - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [2]. Business Operations - Key products include wind power yaw gearboxes, pitch gearboxes, speed increasers, and various gearboxes for engineering machinery and new energy vehicles [2][3]. - 威力传动 has established itself as a significant supplier for major domestic wind power companies and has entered the qualified supplier lists of international firms like Siemens-Gamesa and Adani [2][4]. Funding and Investment - The company plans to fund the construction of a smart factory for speed increasers through self-owned funds, bank loans, and secondary market refinancing, with a proposed credit limit of up to 3 billion CNY [3]. - A plan to raise up to 600 million CNY through a private placement of A-shares has been approved, with funds allocated for the smart factory and working capital [3]. Workforce Expansion - Approximately 400 new employees are being recruited to support the smart factory, ensuring the necessary skills for high-precision production [3]. Industry Barriers - Key barriers in the wind power gearbox industry include: - **Technical Barriers**: High precision and complex design requirements [3]. - **Financial Barriers**: Capital-intensive nature of the industry [3]. - **Customer and Certification Barriers**: Long verification cycles and strict supplier admission criteria [3]. - **Brand and Talent Barriers**: Importance of brand reputation and the need for multidisciplinary talent [3]. Market Outlook - The global wind power installed capacity is expected to reach 981 GW from 2025 to 2030, with an average annual increase of 164 GW, driving demand for core components like speed increasers [4]. - The Chinese market is projected to add 86 GW in 2024, a year-on-year increase of 11%, significantly outpacing global growth [4]. - The market for main gearboxes in China was approximately 3.136 billion USD in 2023, expected to grow to 4.263 billion USD by 2030 [4]. International Expansion - The company has established global service points in key markets such as Hamburg, Chennai, and Tokyo to enhance customer responsiveness and support its international strategy [5]. - Plans to strengthen service capabilities and optimize supply chain management to increase market share in the international wind power sector [5]. Employee Incentives - A stock incentive and employee shareholding plan was implemented in July 2024 to attract and retain talent, enhancing team cohesion and competitiveness [5].

Company Overview - Weili Transmission was established in 2003 in Yinchuan, with over 1,000 employees [2] - The main business includes R&D, production, and sales of wind power gearboxes and speed increasers, focusing on precision transmission solutions for the renewable energy industry [2] - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [2] Employee Growth and Talent Management - The company added approximately 400 employees last year to prepare for the smart factory of speed increasers, ensuring product quality and smooth production [3] - A stock incentive and employee shareholding plan was implemented in July 2024 to attract and retain talent, enhancing team cohesion and core competitiveness [3] Production and Quality Control - The smart factory for speed increasers is currently under construction and progressing as planned [3] - The company has developed a proprietary wind power gearbox testing platform to ensure product quality, certified by ISO9001 and IATF16949 [3] - A comprehensive quality management system is in place, covering the entire production cycle, including raw material quality control and production process management [3] International Market Expansion - The company has established global service points in key markets, including Hamburg, Chennai, and Tokyo, to enhance customer response speed and demonstrate commitment to globalization [3] - It has successfully entered the qualified supplier lists of several international wind power companies, including Siemens-Gamesa and Adani [3] Industry Outlook - According to the Global Wind Energy Council (GWEC), the wind power industry is expected to see a compound annual growth rate of 8.8% from 2025 to 2030, with global wind capacity projected to increase by 981 GW by 2030 [4] - National policies are continuously promoting the development of renewable energy, with significant initiatives aimed at improving clean energy utilization and establishing large-scale wind and solar bases [4] - The company aims to enhance service capabilities, deepen customer relationships, and optimize supply chain management to solidify and expand its international market share [4]

Company Overview - 威力传动 was established in 2003 in Yinchuan, with over 1,000 employees [2] - The main business includes R&D, production, and sales of wind power gearboxes and speed increasers, focusing on precision transmission solutions for the renewable energy sector [2] - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [2] Industry Outlook - According to the Global Wind Energy Council (GWEC), the wind power industry is expected to see a compound annual growth rate of 8.8% from 2025 to 2030, with an additional 981 GW of global wind capacity by 2030 [3] - China's renewable energy generation is a key focus area due to policies like the "14th Five-Year Plan" and goals for "carbon peak" and "carbon neutrality" [3] Product Advantages - The wind power speed increaser is considered a core component of wind turbine technology, featuring advantages such as smooth engagement, low noise, good sealing performance, high efficiency, lightweight, and low cost [3] - The company employs advanced manufacturing techniques, including high-quality alloy steel materials and precision machining, ensuring high durability and efficiency [3] International Expansion - The company has established a clear strategy for expanding into international markets, with service points in key locations such as Hamburg, Chennai, and Tokyo [3] - It has successfully entered the supplier lists of renowned international wind power companies, including Siemens-Gamesa and Adani [3] Project Impact - The approval of a 65 MW wind power project is expected to enhance the company's renewable energy generation capabilities and support the development of its gearbox and speed increaser businesses [4] - This project will lay a solid foundation for expanding into the renewable energy market and improving competitiveness [4] Investor Communication - The company ensures compliance with information disclosure regulations, maintaining transparency and accuracy in communications with investors [4]