Market Overview - The automation equipment sector experienced a decline of 1.54% on November 14, with Bojie Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Top Performers - The top gainers in the automation equipment sector included: - **ZhiHua Co. (688589)**: Closed at 51.34, up 11.61% with a trading volume of 246,200 shares and a transaction value of 1.215 billion [1] - **Hongying Intelligent (001266)**: Closed at 36.27, up 10.01% with a trading volume of 126,800 shares and a transaction value of 454 million [1] - **Delong Laser (688170)**: Closed at 38.33, up 9.48% with a trading volume of 121,400 shares and a transaction value of 453 million [1] Underperformers - The notable decliners in the sector included: - **Bojie Co., Ltd. (002975)**: Closed at 73.70, down 5.73% with a trading volume of 70,400 shares and a transaction value of 523 million [2] - **Robot Technology (300757)**: Closed at 203.04, down 5.60% with a trading volume of 46,600 shares and a transaction value of 962 million [2] - **Buku Co. (688160)**: Closed at 87.70, down 4.24% with a trading volume of 10,500 shares and a transaction value of 93.3 million [2] Capital Flow - The automation equipment sector saw a net outflow of 1.074 billion from institutional investors, while retail investors contributed a net inflow of 859 million [2][3] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2][3] Individual Stock Capital Flow - Key individual stock capital flows included: - **Delong Laser (688170)**: Institutional net inflow of 37.56 million, retail net outflow of 32.20 million [3] - **Ruisheng Technology (688090)**: Institutional net inflow of 32.10 million, retail net outflow of 6.82 million [3] - **Hongying Intelligent (001266)**: Institutional net inflow of 25.55 million, retail net outflow of 14.83 million [3]

Group 1 - The core viewpoint of the news is the performance and market position of Ruishun Technology, which saw a 5.16% increase in stock price, reaching 39.30 yuan per share, with a total market capitalization of 4.809 billion yuan [1] - Ruishun Technology specializes in robot system integration and intelligent manufacturing, with its main business revenue composition being 76.23% from automated production lines, 12.12% from robot parts sales, and 11.44% from robot workstations [1] - The company was established on August 8, 2012, and went public on February 17, 2020, indicating a relatively recent entry into the public market [1] Group 2 - E Fund's National Robot Industry ETF (159530) has entered the top ten circulating shareholders of Ruishun Technology, holding 2% of the circulating shares, which amounts to approximately 2.4491 million shares [2] - The ETF has achieved a year-to-date return of 26.79% and a one-year return of 20.11%, ranking 2198 out of 4216 and 2038 out of 3955 in its category, respectively [2] - The ETF was established on January 10, 2024, with a current size of 13.315 billion yuan [2] Group 3 - The fund managers of E Fund's National Robot Industry ETF are Li Shujian and Li Xu, with total fund assets of 20.057 billion yuan and 26.841 billion yuan, respectively [3] - Li Shujian has a tenure of 2 years and 68 days, achieving a best fund return of 104.26% during his management [3] - Li Xu has a tenure of 2 years and 355 days, with a best fund return of 133.66% during his management [3]

Group 1 - The core point of the news is the performance and financial details of Ruishun Technology, which saw a stock price increase of 5.16% to 39.30 CNY per share, with a total market capitalization of 4.809 billion CNY [1] - Ruishun Technology specializes in robot system integration and intelligent manufacturing, with its main business revenue composition being 76.23% from automated production lines, 12.12% from robot parts sales, and 11.44% from robot workstations [1] - The company was founded on August 8, 2012, and went public on February 17, 2020, indicating a relatively recent entry into the public market [1] Group 2 - Huaxia Fund's Huaxia Zhongzheng Robot ETF (562500) is among the top ten circulating shareholders of Ruishun Technology, having increased its holdings by 369,800 shares in the third quarter, totaling 2.0309 million shares, which is 1.66% of the circulating shares [2] - The Huaxia Zhongzheng Robot ETF has a current scale of 22.798 billion CNY and has achieved a year-to-date return of 25.62% [2] - The fund manager, Hualong, has a total asset scale of 35.957 billion CNY, with the best fund return during his tenure being 111.52% [3]

两融数据显示，该股最新融资余额为2.74亿元，近5日减少881.86万元，降幅为3.12%。 进一步统计，近3个月内该股累计发生6笔大宗交易，合计成交金额为1847.20万元。 证券时报·数据宝统计显示，瑞松科技今日收盘价为37.95元，上涨0.40%，日换手率为4.13%，成交额为 1.94亿元，全天主力资金净流入311.38万元，近5日该股累计上涨12.98%，近5日资金合计净流入1508.05 万元。 瑞松科技11月11日大宗交易平台出现一笔成交，成交量10.00万股，成交金额330.00万元，大宗交易成交 价为33.00元，相对今日收盘价折价13.04%。该笔交易的买方营业部为机构专用，卖方营业部为国投证 券股份有限公司福建分公司。 | 成交量（万 | 成交金额（万 | 成交价格 | 相对当日收盘折溢价 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | 股） | 元） | （元） | （%） | 业部 | | | 10.00 | 330.00 | 33.00 | -13.04 | 机构专 | 国投证券股份有限公司福 | | | | | | ...

Core Viewpoint - 瑞松科技's stock closed at 37.95 yuan, with a slight increase of 0.40% on November 11, indicating a stable market performance [1]. Trading Activity - A significant block trade occurred, involving 100,000 shares with a total transaction value of 3.3 million yuan, executed at a price of 33.00 yuan, reflecting a discount of 13.04% [1]. - Over the past three months, 瑞松科技 has recorded a total of six block trades, amounting to 18.472 million yuan [1]. - In the last five trading days, the stock has appreciated by 12.98%, with a net inflow of 17.8435 million yuan from major funds [1].

据悉，瑞松科技(688090)推出的高精高速六轴机器人，在3C精密电子领域，以微米级精度重塑精细零件 装配的模式，已与多家显示面板龙头企业达成合作，目前已取得数家客户的首台套订单并实现出货。 瑞松科技的该款高精高速六轴机器人，将有效提高客户的生产效率和制造良率，解决客户自动化生产过 程中的核心痛点。在光通讯领域，也已成功通过某国际连接器龙头企业12芯和16芯光纤装配方案验证， 其中12芯光纤主要用于数据中心400G光纤电缆，16芯光纤主要用于800G高速光纤电缆。 据了解，瑞松科技的高精高速六轴机器人能够实现多芯光纤分线、并线、拉胶、插芯等全流程装配工序 自动化，突破了光通讯领域超精密装配作业的技术瓶颈，有效替代传统人工操作，大幅提高良品率。 (文穗) ...

Core Viewpoint - 瑞松科技 is a leading player in the robotics system integration sector, focusing on intelligent manufacturing solutions with dual advantages in technology and services [1] Group 1: Business Performance - In Q3 2025, 瑞松科技 achieved a revenue of 582 million yuan, ranking 11th among 20 companies in the industry, below the industry leader, 埃斯顿, with 3.804 billion yuan, and the second, 机器人的 2.218 billion yuan [2] - The main business revenue composition includes 278 million yuan from robotic automation production lines (76.23%), 44.16 million yuan from robotic parts sales (12.12%), and 41.69 million yuan from robotic workstations (11.44%) [2] - The net profit for the same period was -4.8847 million yuan, ranking 13th in the industry, significantly lower than the industry leader, 博实股份, with 443 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, 瑞松科技's asset-liability ratio was 46.41%, higher than the previous year's 42.85% and above the industry average of 38.93% [3] - The gross profit margin for Q3 2025 was 19.87%, an increase from 19.11% year-on-year, but still below the industry average of 25.17% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 15.77% to 6,606, while the average number of circulating A-shares held per shareholder decreased by 13.62% to 18,500 [5] - Among the top ten circulating shareholders, 易方达国证机器人产业ETF became the fourth largest with 2.4491 million shares, and 华夏中证机器人ETF became the fifth largest with 2.0309 million shares, an increase of 369,800 shares from the previous period [5] Group 4: Executive Compensation - The chairman and controlling shareholder, 孙志强, received a salary of 690,200 yuan in 2024, a decrease of 52,800 yuan from 2023 [4]

格隆汇10月29日丨瑞松科技(688090.SH)公布2025年第三季度报告，营业收入为2.18亿元，同比下降 15.60%；归属于上市公司股东的净利润为-484.48万元；归属于上市公司股东的扣除非经常性损益的净 利润为-572.75万元。 ...

证券代码：688090 证券简称：瑞松科技 公告编号：2025-065 广州瑞松智能科技股份有限公司 关于持股5%以上股东质押及解质部分股份的公告 重要内容提示： 广州瑞松智能科技股份有限公司（以下简称"公司"）近日收到持股 5%以上 股东广东光原科技有限公司（以下简称"光原科技"）的通知，获悉其已将所持 有的公司部分股份办理了质押及解除质押手续，相关质押及解除质押手续已办理 完毕，本次质押及解除质押变动完成后，光原科技累计质押的股份数量以及占其 持有公司股份的比例与前次相比未发生变化。具体事项如下： 一、本次股份质押及解除质押的基本情况 3、本次质押股份未被用作重大资产重组、业绩补偿等事项担保，且相关股份不具 有潜在业绩补偿义务的情况。 二、股东股份累计质押情况 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 | | 是否 | 本次质 | 是否 | 是否 | 质押 | | | 占其所 | 占公 司总 | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Financial Performance - The company's operating revenue for the third quarter was ¥217,864,441.29, a decrease of 15.60% compared to the same period last year[3] - The total profit for the quarter was -¥6,708,779.06, reflecting a decline of 256.39% year-on-year[3] - The net profit attributable to shareholders was -¥4,844,841.12, down 454.49% compared to the previous year[3] - The cash flow from operating activities was ¥45,039,085.18, a decrease of 21.99% from the previous year[3] - The basic earnings per share for the quarter was -¥0.04, a decline of 500.00% year-on-year[4] - Total revenue for the first three quarters of 2025 was CNY 582,185,091.55, a decrease of 12.06% compared to CNY 662,121,859.96 in the same period of 2024[20] - The net profit for the first three quarters of 2025 was a loss of CNY 4,884,718.34, compared to a profit of CNY 6,750,056.12 in the same period of 2024[22] - The operating profit for the first three quarters of 2025 was a loss of CNY 3,918,121.38, compared to a profit of CNY 6,119,193.99 in 2024[21] - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.05, compared to CNY 0.03 in the same period of 2024[22] Research and Development - Research and development expenses totaled ¥13,319,605.24, representing 6.11% of operating revenue, an increase of 2.31 percentage points year-on-year[4] - The company attributed the decline in profits to project delays and increased R&D investments[8] - The company reported a decrease in research and development expenses to CNY 36,834,211.20 from CNY 32,607,545.57, reflecting a strategic shift in investment priorities[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,692,120,513.39, an increase of 6.13% from the end of the previous year[4] - Total assets as of the end of the reporting period were CNY 1,692,120,513.39, an increase from CNY 1,594,362,869.94 at the end of the previous period[18] - Total liabilities increased to CNY 785,325,069.01 from CNY 677,424,028.67, reflecting a rise of 15.93%[18] - The total equity attributable to shareholders decreased to CNY 887,526,342.06 from CNY 899,089,556.54, indicating a decline in shareholder value[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,606[11] - The largest shareholder, Sun Zhiqiang, holds 29,293,692 shares, representing 23.94% of total shares[11] - Guangdong Guangyuan Technology Co., Ltd. holds 9,359,780 shares, accounting for 7.65% of total shares, with 8,450,000 shares pledged[11] Cash Flow and Liquidity - Operating cash flow for the period was $49,742,382.72, a significant improvement compared to a negative cash flow of $15,888,059.36 in the same period last year, indicating a turnaround in operational efficiency[26] - Total cash inflow from operating activities reached $695,303,615.88, up from $637,289,887.68 year-over-year, reflecting a growth of approximately 9.9%[26] - Cash outflow from operating activities was $645,561,233.16, slightly decreased from $653,177,947.04, showing better cost management[26] - The ending cash and cash equivalents balance increased to $452,461,842.39 from $342,249,238.75, reflecting a strong liquidity position[27] - The company received $10,000,000.00 related to investment activities, indicating ongoing strategic investments[27] - The company reported a cash inflow of $705,842.26 from tax refunds, down from $1,624,366.24, suggesting changes in tax liabilities[26] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[28]