威力传动(300904) - 2025年12月8日投资者关系活动记录表

Company Overview - Yinchuan Weili Transmission Technology Co., Ltd. has a core production base located in Yinchuan, with all production capacity deployed there. The company focuses on precision reducers, wind power gearboxes, and electric drive-related capacities [1][2]. Industry Barriers - The wind power gearbox industry has high entry barriers, including: - Technical Barriers: Complex design requirements and high precision in processing and assembly, necessitating rigorous testing [1][2]. - Financial Barriers: Capital-intensive nature requiring significant investment in equipment and R&D [1][2]. - Customer and Certification Barriers: Strict supplier admission criteria and lengthy validation periods of 2-3 years [1][2]. - Brand and Talent Barriers: New brands struggle to gain trust, and the industry requires multidisciplinary talent [1][2]. Production Capacity - The first phase of the wind power gearbox smart factory is expected to achieve an annual production capacity of 2,000 units, with plans to increase to 4,000 units after the second phase [2][3]. Project Progress - The smart factory project is progressing steadily, with core production equipment deployed and ongoing adjustments to ensure operational stability. The company is actively recruiting and training staff for key positions [3][4]. Capacity Ramp-Up - The wind power gearbox smart factory is currently in the initial ramp-up phase, facing challenges such as: - Need for improved operational proficiency among the production team [3]. - Continuous optimization of production line processes [3]. - Ongoing equipment debugging and performance calibration [3]. Profitability Expectations - The smart factory is expected to significantly enhance the gross margin of the wind power gearbox business due to increased product value and cost reductions from economies of scale. The gross margin is anticipated to exceed that of conventional wind power gearbox products [4].