威力传动(300904) - 2025年10月10日投资者关系活动记录表

Group 1: Company Overview and Financials - The company, Yinchuan Weili Transmission Technology Co., Ltd., reported R&D expenses of CNY 42.56 million in 2023 and CNY 51.35 million in 2024, marking a 20.65% increase year-on-year. Cumulative R&D investment over the last three fiscal years totals CNY 126.11 million [2][3]. - As of June 30, 2025, the company holds 204 valid patents, including 31 invention patents, 159 utility model patents, and 14 design patents [2][3]. Group 2: Financing and Investment - The company plans to raise up to CNY 600 million through a private placement of A-shares, with funds allocated for the wind power speed reducer smart factory (Phase I) and to supplement working capital [3][4]. - The company held a shareholder meeting on September 15, 2025, approving the issuance of A-shares to specific investors, laying the groundwork for subsequent regulatory submissions [3][4]. Group 3: Smart Factory Development - By the end of August 2025, the company had invested CNY 1.231 billion in the wind power speed reducer smart factory, with construction of civil works completed and production equipment largely delivered [3][4]. - The factory is currently in a critical construction phase, focusing on equipment debugging and personnel training to ensure operational readiness [4]. Group 4: Industry Barriers and Competitive Advantage - The wind power speed reducer industry faces several barriers, including high technical requirements, significant capital investment, stringent customer certification processes, and the need for multidisciplinary talent [4][5]. - The smart factory is expected to enhance the company's competitiveness by addressing market demands, improving production efficiency, and increasing operational profitability [4][5]. Group 5: Electric Motor Business Progress - The company’s electric motor division, Weima Electric, is expanding its business with a focus on wind power and electric drive systems for new energy vehicles, achieving significant progress in both sectors [5]. - The main product, the yaw asynchronous motor, has been successfully supplied to major domestic wind turbine manufacturers, while the electric drive system for new energy vehicles is in the prototype testing phase [5].