威力传动(300904) - 2025年7月22日投资者关系活动记录表

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].