Yinchuan Weili Transmission Technology (SZ:300904)2024-12-12 12:35Group 1: Company Overview and Business Development - The company, Yinchuan Weili Transmission Technology Co., Ltd., is focused on the development of gearboxes and related products, with a significant emphasis on wind power gearbox production [1][2]. - The wind power gearbox smart factory project commenced on March 8, 2024, and is progressing smoothly, with the project topping out on September 11, 2024 [2][3]. - For the first half of 2024, the revenue from wind power gearboxes reached CNY 48.1543 million [2]. Group 2: Financial and Operational Strategies - The funding for the smart factory construction is primarily sourced from self-owned funds and bank loans, with a credit limit application of up to CNY 3 billion [3]. - The company has established a quality assurance center and a comprehensive quality management system to oversee product quality throughout the entire production cycle [3]. - The company has achieved ISO9001 and IATF16949 international quality management system certifications, ensuring high standards in product design, material selection, and manufacturing processes [3]. Group 3: Management Changes and Future Plans - On November 11, 2024, the company held a board meeting to elect a new chairman and appoint a new general manager and deputy general manager, with Li Abo becoming the honorary chairman [3]. - The company aims to maintain and enhance its operational capabilities by focusing on its core gearbox business, expanding into overseas markets, and diversifying into engineering machinery and new energy sectors [3].