威力传动(300904) - 2025年8月30日投资者关系活动记录表

Company Overview - The company introduced its growth history, main business, and core products, along with the key points from the 2025 semi-annual report [2]. Financial Performance - The company's profit in the first half of 2025 decreased due to a 75.45% increase in employee-related costs, amounting to 81.53 million CNY, driven by strategic personnel recruitment for the wind power gearbox business [2][3]. - Increased operational expenses, including travel costs, also contributed to the profit decline [3]. - The company anticipates improved profit levels as production capacity ramps up and operational efficiencies are optimized [3]. Wind Power Gearbox Smart Factory - As of August 29, 2025, the total investment in the wind power gearbox smart factory reached 1.23 billion CNY, with construction progressing smoothly [3]. - The factory is in a critical construction phase, with core production equipment mostly delivered [3]. - The company is focused on talent recruitment and training to support production operations [3]. Production Capacity and Efficiency - The factory is currently in the initial capacity ramp-up phase, facing challenges such as team proficiency and equipment calibration [3][4]. - The production capacity will gradually increase as operational processes are refined and staff training is completed [4]. Profitability Expectations - The smart factory is expected to significantly enhance gross margins through product value addition and economies of scale [4]. - The gearbox is a high-value component in wind turbine manufacturing, with anticipated gross margins exceeding those of conventional products [4]. Product Advantages - The gearbox features advantages such as smooth engagement, low noise, good sealing, high efficiency, and lightweight design, attributed to advanced technology and manufacturing processes [4]. - The company employs high-quality alloy steel and advanced heat treatment processes to enhance durability and performance [4]. Investor Communication - The company ensured compliance with information disclosure regulations, maintaining transparency and accuracy in communications with investors [4].