The core competitiveness of the servo system is the cost, with the launch of a new generation of motors, the gradual replacement of a series of cost-reduction and efficiency measures such as homemade encoders, will enhance the comprehensive competitiveness of the servo system products, while conducive to the layout of 3C, photovoltaic, lithium, logistics and other industries. As a growth business of the company, servo system products have significantly increased their market share in recent years.

With the introduction of PLC products, the company has improved the inverter, servo system and control system products, and formed a complete industrial control product system, which can provide customers with overall system solutions, create system integration service providers, and provide customers with reliable products and better services.

Relying on the original photovoltaic water lifting products and the joint development of photovoltaic inverters with major customers ODM, Vitron Electric has improved the layout of the photovoltaic industry. At present, the product is in the trial production stage, the future with the photovoltaic inverter products to complete the domestic market verification, relying on overseas sales and marketing network, the company will also expand the overseas photovoltaic power generation market.

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The research and development department of lithium battery composition-containing equipment uses existing technology reserves to expand products in new fields, and has an interworking and promoting effect with industrial control products. Hydrogen energy as one of the main development directions of clean energy, the company has developed hydrogen power supply, hydrogen compressor driver, hydrogen fuel cell power generation system related products for double carbon power. The company does a good job in advance of the layout of the high-boom industry, which is conducive to the rapid industrialization of new product technology in the future, improve the comprehensive competitiveness, introduce high-quality main business resources for the company, and open up new profit growth points.

In the first half of 2023, Wei Chuang Electric maintained a strong growth momentum, and its products continued to gain recognition from more domestic and foreign customers, and the operating income scale of each product line increased. In the future, the industrial automation plate including frequency converter, servo and control system products will continue to constitute the main source of revenue and profit, the layout optimization in the field of new energy is expected to become the second growth curve, the strategic layout of robots is to comply with the trend demand of automation and intelligent upgrading, the company will customize products according to the market and customer needs. Strive to rapidly industrialization of new products, enhance comprehensive competitiveness, introduce high-quality main business resources for the company, and open up new profit growth points.

“Suzhou Phase II inverter and servo system automation production base construction project” is expected to be put into use this year, with an annual design capacity of 450,000 units. The total design capacity of the first and second phase of the company is 914,600 units. At the same time, the company is applying for issuing stock financing to specific objects, and intends to implement the “digital production base construction project” to enhance the strategic reserve of production capacity. It is expected that the annual output of the third phase will reach 1,945,900 units.

The company’s existing production scale and production capacity have tended to saturation, and the utilization rate of 2022 capacity has exceeded 104.10%. Driven by the “Made in China 2025”, dual-carbon strategy and import substitution policies, the company is expected to have a large market development space, and capacity planning and reserves are in line with the needs of the company’s long-term development strategy.