威力传动(300904) - 2025年9月1日投资者关系活动记录表

Company Overview - Silver Power Transmission Technology Co., Ltd. was established in 2003 in Yinchuan, with over 1,000 employees. The main business includes R&D, production, and sales of wind power gearboxes and speed increasers [2]. - The company officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2023 [2]. Business Operations - The company specializes in precision transmission solutions for the renewable energy industry, with key products including wind power yaw gearboxes, pitch gearboxes, speed increasers, and various gearboxes for engineering machinery [2]. - Silver Power has established itself as a key supplier for major domestic wind power companies and has entered the qualified supplier lists of international firms such as Siemens Gamesa and Adani [2]. Investor Communication - As of August 29, 2025, the total investment in the wind power speed increaser smart factory reached CNY 1,231.21 million, with construction progressing smoothly [3]. - The factory is currently in the critical construction phase, with core production equipment mostly delivered, and the company is focused on stabilizing production processes and recruiting new talent [3]. Production Capacity and Challenges - The wind power speed increaser factory is in the initial ramp-up phase, facing challenges such as the need for operational proficiency and equipment calibration [3]. - The production capacity will gradually increase as the factory matures, with a focus on achieving design capacity over time [3]. Financial Performance - In the first half of 2025, the company's profit decreased due to a 75.45% increase in employee-related expenses, totaling CNY 81.53 million, driven by strategic personnel expansion for the wind power speed increaser business [4]. - The company anticipates that as production stabilizes and efficiency improves, profit levels will recover [4]. New Energy Projects - The company has received approvals for a total installed capacity of 65 MW for wind power projects, which will enhance its renewable energy business and support the growth of its gearbox operations [5]. - These projects are expected to strengthen the company's market position and contribute to sustainable development [5].