Yinchuan Weili Transmission Technology (300904)2024-11-27 09:47Business Overview - The company specializes in wind power speed increasers and has successfully achieved batch supply of its speed increaser products [2] - In the first half of 2024, the revenue from wind power speed increasers reached 4815.43 million yuan [2] - The company has established global service outlets in Texas (USA), Hamburg (Germany), Chennai (India), and Tokyo (Japan) to expand its international market [3] Financial and Operational Updates - The speed increaser smart factory project was successfully topped out on September 11, 2024, and is currently under construction with steady progress [2] - The construction funds for the speed increaser smart factory were primarily sourced from the company's own funds and financial institution loans [2] - The company has applied for a total credit line not exceeding 30 billion yuan from financial and non-financial institutions [3] Research and Development - The company has a strong R&D team with 184 members as of June 30, 2024, with 97.28% holding a bachelor's degree or higher [3] - It has developed flat wire motors and three-in-one electric drive assembly products, focusing on new energy commercial and passenger vehicle markets [3] - The company holds 160 authorized patents, including 26 invention patents, as of June 30, 2024 [3] Market and Client Development - The company has been recognized as a qualified supplier by international wind energy companies such as Siemens-Gamesa, Nordex (Germany), EUnion (Germany), and Adani (India) [3] - It aims to secure small-batch and batch cooperation with existing sample customers and achieve entry, sample production, and small-batch cooperation with new customers [3]