On the evening of July 11, Hechuan Technology issued an announcement that the application for issuing convertible bonds to unspecified objects was accepted by the Shanghai Stock Exchange, and the company proposed to raise no more than 750 million yuan for the research and development and industrialization of efficient industrial transmission systems and precision transmission components, micro-photovoltaic (energy storage) inverters research and development and industrialization projects, and supplementary working capital.

Hechuan Technology is a leading industrial automation control core components and overall solution provider, the main products cover the field of industrial automation control layer, drive layer and executive sensing layer, and in recent years along the industrial chain continues to extend, involved in upstream industrial control chips, sensors and downstream high-end precision CNC machine tools and other fields.

This time, Hechuan Technology intends to invest 404 million yuan in the research and development and industrialization of efficient industrial transmission systems and precision transmission components. The precision transmission parts planned and produced in this project mainly refer to the ball screw pair (hereinafter referred to as the “lead screw”) and the rolling linear guide pair (hereinafter referred to as the “guide rail”) and other parts, which have the function of realizing accurate motion positioning.

The relevant person in chief of Hechuan technology told the Securities Daily reporter: “The global screw and guide rail market is large, domestic brands started late, and the current market share is low, under the background of industrial autonomy and safety and control, the localization of precision screw and guide rail is inevitable for the optimization and upgrading of China’s industrial structure.”

1756-CNBR

1756-CNBR

According to the research report of Soochow Securities, machine tools, robot automation, and automobiles are the main downstream applications of lead screws and guide rails. Tesla humanoid robot lower limbs will use frameless motor and linear actuators of planetary roller screw, which is expected to open the application space of planetary roller screw. According to estimates, the market space for planetary roller screw for humanoid robots could reach 93 billion yuan by 2035.

“The company’s transmission products are mainly targeted at downstream industries, including high-end machine tool equipment, which has high product requirements and high unit price; In the industrial automation market, the demand is large, reflecting the advantages of large-scale manufacturing, “the person in charge told reporters,” the future in the robot industry, precision transmission core components and mechanical and electrical components are widely used, so the company will increase investment in this direction.”

In addition, Hechuan Technology also plans to use part of the raised funds for micro photovoltaic (energy storage) inverter research and development and industrialization projects, the company said, to grasp the photovoltaic industry, especially distributed photovoltaic accelerated popularity of strategic opportunities to meet the rapid growth of photovoltaic energy storage systems and other products demand.

For whether the company has the hard power to get involved in the business, the relevant person in charge said: “Photovoltaic micro-inverters, energy storage inverters and the company’s existing industrial control products in the production process, production equipment, the main materials used have more common, at present, our professional R & D team has also formed a certain technical reserve in the field of inverters, there are relevant patents.” In this product, we will use the accumulated GaN technology to improve the efficiency and power density of micro-photovoltaic inverters, and increase the market competitiveness of the product.”

Co-found think tank Secretary General Zhang Xinyuan said, “Solar photovoltaic power generation and energy storage market development and growth, has brought a large market demand for components, inverters and other related equipment, micro inverters with its efficient, intelligent characteristics by the market attention, under the huge growth potential, enterprises involved in this field is also facing fierce market competition and technology upgrading challenges, We need to improve our production technology and production capacity to enhance our core competitiveness.”