Yinchuan Weili Transmission Technology (SZ:300904)2024-11-28 08:53Group 1: Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., is involved in the production of gear reducers and has established a global service network in locations such as Texas (USA), Hamburg (Germany), Chennai (India), and Tokyo (Japan) [2][3]. Group 2: Fund Utilization - The company approved a proposal to permanently supplement working capital with surplus funds from its initial public offering (IPO) on March 27, 2024, and the total amount involved is subject to the balance on the transfer date [2]. - The company plans to apply for a credit limit of up to 3 billion yuan from financial and non-financial institutions for the construction of its smart factory [3]. Group 3: Product Development and Market Expansion - The company has developed flat wire motors and integrated electric drive assemblies, focusing on the new energy commercial vehicle and passenger vehicle sectors [3]. - The company has been recognized as a qualified supplier by international wind energy companies such as Siemens Gamesa, Endress, EUnion, and Adani [3]. Group 4: Management Stability - The company held a board meeting on November 11, 2024, to elect a new chairman and appoint a new general manager, ensuring that management stability is maintained without significant adverse effects on overall operations [3]. Group 5: Investor Communication - The company conducted thorough communication with investors during the meeting, adhering to regulations to ensure the accuracy and completeness of information disclosure [3].