Core Viewpoint - The company emphasizes the significance of infrared technology in industrial applications, highlighting its potential for growth due to economic development and technological advancements in China [1] Group 1: Industrial Applications - Industrial scenarios are identified as a key application area for infrared technology in consumer products, representing a major downstream market for the company's offerings [1] - The continuous growth of China's economy and the modernization of industries are expected to drive the adoption of infrared thermal imaging technology in more industrial settings [1] Group 2: Market Expansion - The company has been actively promoting its products overseas and expanding its market reach, resulting in positive performance outcomes [1]

Core Viewpoint - Ruichuang Micro-Nano expressed optimism about future market demand and plans to enhance production capacity to meet growing order requirements [1] Group 1 - The company faced capacity constraints in the first half of the year, leading to tight delivery schedules [1] - Production capacity gradually increased in the second and third quarters, resulting in sequential revenue growth [1] - The third quarter revenue reached a historical high for the company [1] Group 2 - The company is committed to advancing fundraising project construction to continuously improve production capacity [1] - There is a strong expectation for sustained growth in order demand [1]

Core Viewpoint - The company emphasizes its commitment to intellectual property protection, having applied for a total of 3,468 various types of intellectual property rights as of June 30, 2025, with 334 new applications submitted in the first half of the year compared to the end of last year [1] Summary by Categories - **Intellectual Property Applications** - The company has cumulatively applied for 3,468 intellectual property rights [1] - In the first half of this year, the company submitted 334 new applications [1] - The company maintains a strong focus on the protection of intellectual property [1]

Core Viewpoint - The company, Ruichuang Weina, expresses optimism regarding future market demand and confirms a strong order backlog and high capacity utilization [2] Group 1 - The company currently has sufficient orders on hand [2] - The capacity utilization rate of the company is high [2] - The market promotion status of various products aligns with the company's expectations [2]

Core Viewpoint - The company emphasizes its commitment to research and development (R&D) as a driver of competitiveness and long-term sustainable growth, rather than focusing on short-term profits [2] Group 1: R&D Commitment - The company is a research-driven enterprise with a comprehensive technology and product research, development, and innovation system in the fields of infrared, microwave, and laser multi-dimensional perception [2] - R&D investment has increased in line with the expansion of the company's business scale, driven by personnel growth, material consumption, and equipment depreciation [2] - The company plans future R&D investments based on strategic development needs and aims to continuously improve R&D efficiency while optimizing the R&D expense ratio [2]

Core Insights - The company has a comprehensive layout in the microwave business, covering the entire supply chain from core chips to components, subsystems, and complete systems [1] - The component segment has achieved large-scale production, while chips, subsystems, and complete systems have been delivered in small batches [1] - The products are applicable in various fields including equipment construction, satellite communication, low-altitude applications, and smart vehicles [1]

Core Viewpoint - The company has successfully achieved mass production of its microwave components and is expanding its product offerings across various sectors, including satellite communication and smart vehicles [1] Company Summary - The company's microwave business encompasses a full chain layout from core chips to components, subsystems, and complete systems [1] - Mass production has been realized for the component segment, while chips, subsystems, and complete systems have achieved small batch deliveries [1] Industry Application - The products are applicable in multiple fields such as equipment construction, satellite communication, low-altitude economy, and smart vehicles [1]

睿创微纳回复称，公司目前在手订单充足，产能利用率较高。公司对未来的市场需求判断较为乐观，目 前各产品的市场推广情况也符合公司预期。 格隆汇11月10日｜有投资者在互动平台向睿创微纳提问：公司年底订单是否饱和？生产是否满产？各产 品的市场推广是否顺利，是否达到公司预期？估计第四季度业绩比去年同期能有多少增长？ ...

格隆汇11月10日丨睿创微纳(688002.SH)在投资者互动平台表示，公司的微波业务从核心芯片到组件、 子系统、整机全链条布局，组件环节的产品已实现大规模量产，芯片、子系统、整机环节的产品已实现 小批量交付，可应用在装备建设、卫星通信、低空经济以及智能汽车等多个领域，具体情况请查阅公司 的定期报告。 ...

Core Viewpoint - The stock of Ruichuang Micro-Nano has experienced fluctuations, with a year-to-date increase of 65.23% but a recent decline in the last five and twenty trading days [1][2] Financial Performance - For the period from January to September 2025, Ruichuang Micro-Nano achieved a revenue of 4.086 billion yuan, representing a year-on-year growth of 29.72% [2] - The net profit attributable to shareholders for the same period was 707 million yuan, reflecting a year-on-year increase of 46.21% [2] Stock Market Activity - As of November 10, the stock price was 77.41 yuan per share, with a market capitalization of 35.627 billion yuan [1] - The trading volume was 177 million yuan, with a turnover rate of 0.49% [1] - There was a net outflow of 26.3521 million yuan in principal funds, with significant selling pressure observed [1] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 4.51% to 14,400, while the average circulating shares per person decreased by 3.63% to 31,954 shares [2][3] - The top ten circulating shareholders include significant institutional investors, with notable changes in holdings among them [3] Business Overview - Ruichuang Micro-Nano specializes in the design and manufacturing of application-specific integrated circuits (ASICs), MEMS sensors, and infrared imaging products, with infrared thermal imaging and optoelectronic business accounting for 94.48% of its revenue [1] - The company is categorized under the defense and military electronics sector, with involvement in various concepts such as sensors and robotics [1]