Yinchuan Weili Transmission Technology (SZ:300904)2025-09-19 09:56Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., focuses on precision gearboxes and has made significant progress in the construction of its smart factory for wind power gearboxes [2][3]. Funding and Financing - The funding for the smart factory primarily comes from the company's own funds and loans from financial institutions. The company plans to apply for a credit limit of up to 3 billion CNY from financial and non-financial institutions [3]. - The company intends to raise up to 600 million CNY through a private placement of A-shares, which will be used for the smart factory and to supplement working capital [3]. Construction Progress - As of August 2025, the total investment in the wind power gearbox smart factory has reached 1.231 billion CNY. The construction of the factory is progressing smoothly, with all civil works completed and key production equipment mostly delivered [3][4]. - The factory is currently in a critical phase of construction, focusing on equipment debugging and personnel training to ensure operational readiness [4]. Production Capacity and Profitability - The factory's production capacity is expected to ramp up gradually, with a focus on improving operational proficiency and optimizing production line efficiency [4]. - The expected gross margin after the factory's operation is anticipated to be significantly higher due to increased product value and economies of scale, with the smart factory's products expected to have a higher pricing basis compared to conventional products [5]. Market Outlook - The global and Chinese wind power installation capacity is on a continuous rise, with the global wind power market projected to add 981 GW from 2025 to 2030, averaging 164 GW annually. This growth will drive demand for core components like gearboxes [5]. - 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%. The market for wind power gearboxes is expected to grow from approximately 3.136 billion USD in 2023 to 4.263 billion USD by 2030 [5]. Communication and Compliance - The company ensured that all communications with investors adhered to information disclosure regulations, maintaining transparency and accuracy without leaking any undisclosed significant information [5].