威力传动(300904) - 2025年9月18日投资者关系活动记录表

Group 1: Company Overview - Wei Li Transmission was established in 2003 in Yinchuan, with over 1,000 employees and specializes in R&D, production, and sales of wind power gearboxes [1] - The company has become a key supplier for major domestic wind power enterprises and has entered the qualified supplier lists of international companies like Siemens-Gamesa and Adani [1] Group 2: Core Competitiveness - The company's gearboxes feature advantages such as smooth engagement, low noise, good sealing performance, high efficiency, lightweight, and low cost, attributed to advanced technology and processes [2] - The use of high-quality alloy steel and advanced heat treatment processes enhances the durability and fatigue life of the gears [2] Group 3: Smart Factory Development - As of August 2025, the total investment in the wind power gearbox smart factory reached CNY 1.231 billion, with construction progressing smoothly [2] - The factory is in a critical phase of construction, with core production equipment mostly delivered, and efforts are underway to ensure operational readiness [2] Group 4: Production Capacity and Profitability - The factory's production capacity will gradually ramp up, with a focus on improving operational proficiency and optimizing production line efficiency [2] - The expected gross margin post-production is anticipated to increase significantly due to enhanced product value and economies of scale [3] Group 5: Market Outlook - The global wind power installed capacity is projected to grow, with an expected addition of 981 GW from 2025 to 2030, driving demand for wind power gearboxes [3] - In China, the newly installed wind power capacity reached 51.39 GW in the first half of 2025, a year-on-year increase of 98.88% [3] - The Chinese market for main gearboxes in wind power is estimated to grow from USD 3.136 billion in 2023 to USD 4.263 billion by 2030 [3]