Core Viewpoint - Wanliyang (002434) is actively expanding its international market presence for CVT automatic transmissions and MT manual transmissions while also focusing on the development of EV reducers and related products to increase sales [1] Group 1 - The company is currently supplying various models of domestic customers with its CVT and MT transmissions [1] - There is a strong emphasis on increasing direct export sales of CVT products [1] - The company is committed to the development of pure electric vehicle (EV) reducers and related products to boost sales [1]

Group 1: Business Overview - The company operates in two main sectors: automotive components and new energy storage [2] - Automotive components include research, production, and sales of transmission and drive system products for passenger vehicles, commercial vehicles, and new energy vehicles [2] - The company is also focusing on non-road transmission/drive systems, including electric drive systems for construction machinery and high-power tractors [2] Group 2: Passenger Vehicle Transmission Business - The company is expanding its CVT automatic and MT manual transmission products to international markets, aiming for increased export sales [3] - Development of electric vehicle (EV) reducers and related products is ongoing to boost sales [3] Group 3: Commercial Vehicle Transmission Business - The light truck manual transmission market is experiencing strong demand, with significant year-on-year sales growth [4] - The company is developing electric products for light and medium trucks, including hybrid and electric drive systems, which are now in mass production [4] Group 4: Non-Road Transmission/Drive Systems - Focus on developing electric drive systems for construction machinery and high-power tractors, with new products in testing and production [5] - The high-power tractor power shift system and electric drive systems for construction machinery have already been launched [5] Group 5: New Energy Storage Business - The company has operational independent energy storage stations in Zhaoqing and Yiwu, with installed capacities of 100MW/200MWh and 100MW/200MWh respectively [6] - Ongoing construction of additional energy storage stations in Foshan and Yiwu, with expected operational dates in the second half of 2025 [6] - The company is actively expanding its energy storage projects in various regions, including Guangdong, Jiangsu, and Guangxi [6] Group 6: Robotics Components Business - Establishment of Zhejiang Wanliyang Robotics Technology Co., Ltd. to focus on the development and industrialization of precision transmission products for robots [7] - Initial completion of product platform planning, including harmonic reducers and planetary reducers, with standardized designs [7][8] - Currently developing products for two clients, with the first planetary joint module successfully completed [8]

Group 1: Automotive Components Business - The company focuses on the research, production, and sales of automotive transmission and drive system products, covering passenger vehicles, commercial vehicles, and new energy vehicles [1] - The company is actively developing non-road transmission/drive system products, including electric drive systems for construction machinery and high-power tractors [2] - The company has expanded its international market, increasing direct exports of CVT products and developing electric vehicle (EV) reducers [2] Group 2: Commercial Vehicle Transmission Business - The light truck transmission business is steadily developing existing manual transmission products while actively developing electric products, covering P2 and PS hybrid systems [2] - The heavy truck transmission business includes AMT automatic transmissions and pure electric drive systems, with related products gradually entering mass production [2] Group 3: Non-Road Transmission/Drive Systems - The company is focusing on the development of electric drive systems for construction machinery and high-power tractors, with new product research and customer development progressing simultaneously [2] Group 4: New Energy Storage Business - The company has operational independent energy storage power stations in Zhaoqing and Yiwu, with installed capacities of 100MW/200MWh and 100MW/200MWh, respectively [3] - Additional energy storage projects are under construction in Guangdong and Zhejiang, which will further increase revenue from the energy storage business [3] Group 5: Robotics Components Business - The company established Zhejiang Wanyiyang Robotics Technology Co., Ltd. to focus on the research and industrialization of precision transmission products for robots [4] - Initial product platform planning has been completed, including standardization and platform design for various types of products [4]

Group 1: Company Overview - The company operates in two main business areas: automotive parts and new energy storage [1] - The automotive parts business includes the R&D, production, and sales of transmission and drive system products for passenger vehicles, commercial vehicles, and new energy vehicles [1] - The company is expanding its non-road transmission/drive system products, including electric drive systems for construction machinery and high-power tractors [1] Group 2: Shareholder Information - The top shareholders include Guoyuan Trust and China Resources Trust, which are associated with Chery Automobile Co., Ltd. [2] Group 3: Robotics Components - The company has established a team for the industrialization of robotic reducer products, enhancing its product range and market share [3] Group 4: Heavy-duty Truck Transmission - The company has developed a full range of heavy-duty truck transmission products, including manual and automatic transmissions, and is conducting customer vehicle trials [4] Group 5: Light-duty Truck Transmission - The light-duty truck transmission business is growing steadily, with a focus on electric products and strong market demand [5] Group 6: Passenger Vehicle Transmission - The company has significantly increased its direct export sales of passenger vehicle transmissions in 2024 and is focusing on developing overseas markets [6] Group 7: New Energy Storage Business - The company has operational independent energy storage power stations in Guangdong and Zhejiang, with installed capacities of 100MW/200MWh and 100MW/200MWh respectively [7] - The company is actively developing new projects in Guangdong, Hainan, and Zhejiang to enhance its energy storage business [7] Group 8: Core Competitiveness - The company has nearly 30 years of experience in the automotive parts industry, producing over 1 million transmission assemblies and tens of millions of components annually, showcasing strong manufacturing and quality control capabilities [9]

Group 1: Company Overview - The company operates in two main business segments: automotive parts and new energy storage [1] - The automotive parts segment includes the R&D, production, and sales of transmission and drive system products for passenger vehicles, commercial vehicles, and new energy vehicles [1] - The new energy storage segment focuses on power-side storage power stations, grid-side independent storage power stations, user-side storage power stations, and electricity trading [1] Group 2: Passenger Vehicle Transmission Business - In 2024, the company's direct export sales of passenger vehicle transmission products saw a significant year-on-year increase [2] - The company is actively developing overseas clients to sustain revenue growth from international markets [2] - There is a strong push for electric vehicle (EV) reducers and related products, contributing to increasing sales [2] Group 3: Commercial Vehicle Transmission Business - The light truck transmission business is expanding with a focus on both manual and electric products, including P2 and PS hybrid systems [2] - The heavy truck transmission business includes AMT automatic transmissions and pure electric drive systems, with production and sales expected to grow as client models are launched [2] Group 4: New Energy Storage Business - The company has operational independent storage power stations in Zhaoqing, Guangdong (100MW/200MWh) and Yiwu, Zhejiang (100MW/200MWh) [3] - These projects leverage the company's extensive experience in design, integration, construction, and operation within the energy storage sector [3] - New project developments are underway in Guangdong, Hainan, and Zhejiang provinces to further enhance the new energy storage business [3] Group 5: Robotics Components Business - A dedicated team for the industrialization of robotic reducers has been established to enhance product offerings [4] - The company is focusing on the development and integration of harmonic reducers and planetary reducers to improve market share [4]