Summary of Conference Call on Ruilian Technology Company Overview - **Company**: Ruilian Technology - **Industry**: Industrial X-ray detection equipment and core components Key Points and Arguments 1. **Business Segments**: Ruilian Technology operates in three main segments: industrial X-ray detection equipment, core components, and lithium battery detection equipment [2][3][4] 2. **Revenue Growth**: In the first three quarters, Ruilian's revenue reached over 200 million, with a year-on-year growth of approximately 30% [3][4] 3. **Order Growth**: Orders in the semiconductor sector increased by over 40% year-on-year, indicating strong demand in consumer electronics, automotive electronics, and server-level products [3][4] 4. **Lithium Battery Sector**: Revenue from lithium battery detection equipment was below 100 million, showing a decline compared to the previous year, but the decline rate has narrowed from nearly 20% to less than 10% [3][4] 5. **Automotive Components**: Revenue from automotive component detection accounted for about 23% of total revenue, showing a positive growth trend [5][6] 6. **Micro-focus X-ray Sources**: Revenue from micro-focus X-ray sources grew by over 50% year-on-year, with significant increases in confirmed revenue [5][6] 7. **Gross Margin Improvement**: Gross margin improved from approximately 40% to 45% year-on-year, driven by product upgrades and increased self-sourced components [7][8] 8. **Market Trends**: The trend towards automation and intelligence in lithium battery production is increasing the demand for high-value detection equipment [10][11] 9. **Client Relationships**: Ruilian has established a growing relationship with major clients like CATL, with a shift towards purchasing both equipment and core components separately [12][13] 10. **Product Development**: Ruilian is focusing on developing high-end products, including 3D detection equipment, to meet the increasing demands of clients [10][11][12] Additional Important Information 1. **Market Dynamics**: The overall market for lithium batteries is experiencing a cautious recovery, with expectations of growth in the coming year [27][28] 2. **Revenue Projections**: The company anticipates a cautious growth outlook for the lithium battery sector, with expectations of a slight increase in revenue compared to the previous year [27][28] 3. **Client Segmentation**: Major clients account for a significant portion of revenue, with CATL contributing around 30% and BYD being the second-largest client [26][27] 4. **Technological Advancements**: The transition from 2D to 3D detection methods is expected to enhance detection accuracy and efficiency, aligning with industry trends [11][20] 5. **Sales Strategy**: Ruilian employs a selective approach in client engagement, focusing on projects with favorable financial metrics and strategic importance [16][17] This summary encapsulates the key insights from the conference call regarding Ruilian Technology's performance, market trends, and future outlook in the industrial X-ray detection equipment sector.

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved steady growth in Q3 2024, with a revenue of 510 million yuan, representing a year-on-year increase of 20%. The net profit attributable to shareholders was 110 million yuan, up 30.1% year-on-year [1] - The company is expanding its X-ray source equipment production and actively exploring overseas markets, with overseas sales revenue gradually increasing [1] - The company plans to invest 700 million yuan in a project to build a facility for producing 3,000 sets of industrial X-ray intelligent detection equipment, with construction expected to take place from January 2025 to December 2026 [1] Financial Performance Summary - For the first three quarters of 2024, the company's gross margin was 45.2%, an increase of 5.6 percentage points year-on-year, while the net profit margin was 20.5%, up 1.6 percentage points year-on-year [1] - The company reported inventory of 270 million yuan, a year-on-year increase of 36.3%, and accounts receivable of 270 million yuan, up 27.9% year-on-year [1] - The projected revenue for 2024-2026 is 765 million yuan, 1,004 million yuan, and 1,295 million yuan respectively, with net profits of 151 million yuan, 211 million yuan, and 273 million yuan respectively [3][4] Valuation Metrics - The projected diluted EPS for 2024-2026 is 1.3 yuan, 1.8 yuan, and 2.4 yuan respectively, with corresponding P/E ratios of 44, 32, and 24 [1][3] - The company maintains a strong position in the industrial X-ray detection equipment sector, with robust domestic substitution capabilities for X-ray sources [1]

告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 证券代码：688531 证券简称：日联科技 公告编号：2024-069 无锡日联科技股份有限公司股东减持股份计划公 重要内容提示： 大股东持股的基本情况 截至本公告披露日，苏州金沙江联合二期股权投资合伙企业（有限合伙）（以 下简称"金沙江"）持有无锡日联科技股份有限公司（以下简称"公司"）股份 7,835,075 股，占公司总股本的 6.84%。上述股份为公司首次公开发行股票并上市 前取得的股份，及公司实施资本公积转增股本而相应增加的股份，已全部解除限 售并上市流通。 金沙江系已在中国证券投资基金业协会完成备案的私募基金，并向中国证券 投资基金业协会成功申请了适用创业投资基金股东的减持政策，投资期限在 60 个月以上，根据《上市公司创业投资基金股东减持股份的特别规定(2020 年修订)》 《上海证券交易所上市公司创业投资基金股东减持股份实施细则(2020 年修订)》 有关规定，金沙江减持股份总数均不受比例限制。 减持计划的主要内容 金沙江计划以集中竞价、大宗交 ...

证券代码：688531 证券简称：日联科技 公告编号：2024-068 无锡日联科技股份有限公司 关于竞得土地使用权并投资建设项目的进 展公告 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、准确性和完整性依法承担法律责 任。 一、项目投资概述 无锡日联科技股份有限公司（以下简称"日联科技"或"公司"）于2024 年9月27日召开了第四届董事会第三次会议，审议通过了《关于拟购买土地使用 权并投资建设项目的议案》，同意公司开展"日联科技年产3000台套工业射线 智能检测设备"项目，购买无锡市新吴区44,447.5平方米（约66.74亩）土地使 用权，并进行一期建设，同时授权公司经营管理层具体负责购买土地使用权及 项目建设相关事宜。 具体内容详见公司于 2024 年 9 月 28 日 在 上 海 证 券 交 易 所 网 站 （ www.sse.com.cn）披露的《关于拟购买土地使用权并投资建设项目的公告》（ 公告编号：2024-060）。 二、项目进展情况 出让方：无锡市自然资源和规划局 受让方：无锡日联科技股份有限公司 2、土地位置：无锡市新吴区城南路西侧 ...

| 回购方案首次披露日 | 2024/2/7，由公司董事长、实际控制人刘骏先生提 | | | | | --- | --- | --- | --- | --- | | | 议 | | | | | 回购方案实施期限 | 年 2 月 6 日~2025 年 | 月 | | 2024 5 日 | | 预计回购金额 | 万元 10,000 万元~20,000 | | | | | 回购用途 | □减少注册资本 | | | | | | √用于员工持股计划或股权激励 | | | | | | □用于转换公司可转债 | | | | | | □为维护公司价值及股东权益 | | | | | 累计已回购股数 | 1,567,736 股 | | | | | 累计已回购股数占总股本比 | 1.37% | | | | | 例 | | | | | | 累计已回购金额 | 10,320.18 万元 | | | | | 实际回购价格区间 | 41.29 元/股~76.72 元/股 | | | | | | | | 2 | | 一、 回购股份的基本情况 2024 年 2 月 6 日，公司召开第三届董事会第二十次会议，审议通过了《关于 以集中竞价交易方式 ...

Group 1: Overseas Market Expansion - The company is actively expanding its overseas market, with overseas sales revenue gradually increasing. Subsidiaries have been established in Singapore and Hungary, and the first overseas factory in Malaysia has commenced operations [1] - Future efforts will focus on enhancing overseas market promotion and expanding sales channels and service networks to increase market share [1] Group 2: Semiconductor and Integrated Circuit Products - The company is a leading domestic manufacturer in the integrated circuit and electronic manufacturing X-ray detection equipment sector, having successfully developed the VISION series of online 3D/CT intelligent detection equipment [1] - These products have been delivered to several leading domestic electronic manufacturing enterprises, including Amphenol, Luxshare Precision, and Yulong Optoelectronics [2] Group 3: Mergers and Acquisitions Strategy - The company adheres to a development strategy of "horizontal expansion and vertical deepening" in mergers and acquisitions, planning to invest in advanced detection equipment or core component manufacturers [2] - This strategy aims to cover more product categories and capture more niche markets, enhancing the company's competitive edge and sustainability [2] Group 4: Financial Performance - For the first three quarters of 2024, the company's gross profit margin was 45.21%, an increase of 5.55 percentage points year-on-year, significantly improved by the contribution of the radiation source to overall revenue [2] - In Q3 2024, the company recognized equity incentive expenses amounting to 5,929,670.82 yuan [3] Group 5: Future Business Outlook - The company is monitoring the upcoming new regulations for electric vehicle testing, which will include additional specialized testing for batteries, indicating significant market growth potential [3] - Current products and technologies are primarily applied in the defect detection of electronic components, batteries, and mechanical parts involved in the production of new energy vehicles [3]

Investment Rating - The report maintains a "Buy" rating for the company [5][7]. Core Views - The company reported a year-on-year revenue growth of 18% in Q3 2024, driven by increased demand for X-ray detection equipment and sources [5][6]. - The gross margin improved to 44.81% in Q3, up 4.07 percentage points year-on-year, attributed to product upgrades and increased self-manufacturing of X-ray sources [6]. - The company plans to invest 700 million yuan to expand its industrial X-ray detection equipment capacity, indicating growing demand in high-end precision manufacturing sectors [6][7]. - Earnings forecasts for 2024-2026 have been slightly adjusted downwards, with expected net profits of 152 million yuan, 214 million yuan, and 307 million yuan respectively [7][8]. Financial Summary - For the first three quarters of 2024, the company achieved a revenue of 512 million yuan, a 20.03% increase year-on-year, and a net profit of 105 million yuan, up 30.09% year-on-year [5][8]. - The projected total revenue for 2024 is 765 million yuan, with a year-on-year growth rate of 30.2% [8]. - The gross margin for 2024 is expected to be around 45%, with a gradual increase in subsequent years [8][10].

Financial Performance - Operating revenue for Q3 2024 reached ¥179,013,299.25, an increase of 18.25% compared to the same period last year[2] - Net profit attributable to shareholders was ¥28,228,918.52, reflecting an 8.14% year-over-year growth[2] - Net profit excluding non-recurring gains and losses was ¥16,023,680.84, up 5.65% year-over-year[2] - Total operating revenue for the first three quarters of 2024 reached ¥511,821,080.91, an increase of 19.99% compared to ¥426,407,320.96 in the same period of 2023[16] - Net profit for the first three quarters of 2024 was ¥105,031,802.93, representing a 30.00% increase from ¥80,737,844.24 in the same period of 2023[17] - The company reported a total profit of ¥117,273,423.62 for the first three quarters of 2024, an increase of 28.93% compared to ¥90,955,711.84 in the previous year[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,585,849,938.65, a slight increase of 0.55% from the end of the previous year[3] - The company's current assets decreased to CNY 2,357,154,410.97 from CNY 3,258,688,301.74, representing a decline of approximately 27.6%[13] - The company's total liabilities increased to CNY 396,192,316.76 from CNY 306,780,897.21, showing a rise of approximately 29.2%[14] - Total liabilities increased to ¥396,192,316.76 in Q3 2024 from ¥306,780,897.21 in Q3 2023, reflecting a growth of 29.19%[15] - Total equity attributable to shareholders decreased to ¥3,189,657,621.89 in Q3 2024 from ¥3,259,337,914.88 in Q3 2023, a decline of 2.14%[15] Cash Flow - Cash flow from operating activities showed a net outflow of ¥12,523,326.81 for the year-to-date[3] - The net cash flow from operating activities was negative CNY 12,523,326.81, worsening from negative CNY 4,205,526.99 in the previous year[20] - In the first three quarters of 2024, the company generated cash inflows from operating activities amounting to CNY 519,820,946.87, an increase of 40% compared to CNY 370,888,123.82 in the same period of 2023[20] - Total cash outflows from operating activities were CNY 532,344,273.68, compared to CNY 375,093,650.81 in the same period last year, representing an increase of 42%[20] - The company reported a net cash flow from financing activities of negative CNY 190,427,376.98, a significant decline from a positive CNY 2,690,706,821.42 in the same period of 2023[21] Research and Development - R&D investment totaled ¥18,772,565.62, a decrease of 8.43% compared to the same period last year, representing 10.49% of operating revenue[3] - Research and development expenses for the first three quarters of 2024 were ¥59,924,042.87, up 28.67% from ¥46,562,498.08 in the same period of 2023[16] Shareholder Information - The company reported a total of 6,704 ordinary shareholders at the end of the reporting period[9] - The company has not indicated any changes in its major shareholder structure or significant new strategies during the reporting period[11] Other Financial Metrics - Basic earnings per share for the period was ¥0.25, an increase of 8.70% year-over-year[3] - Basic and diluted earnings per share for the third quarter of 2024 were both ¥0.92, compared to ¥0.75 in the same quarter of 2023[19] - The weighted average return on equity was 0.94%, an increase of 0.41 percentage points compared to the previous year[3] - Other comprehensive income after tax for the first three quarters of 2024 was ¥2,747,242.99, with no comparable figure provided for the previous year[17]

证券代码：688531 证券简称：日联科技 公告编号：2024-066 无锡日联科技股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 无锡日联科技股份有限公司（以下简称"公司"）将于 2024 年 10 月 30 日发 布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年 第三季度经营成果、财务状况，公司计划于 2024 年 11 月 1 日下午 13:00-14:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流。 三、 参加人员 董事长：刘骏 财务负责人：乐其中 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 会议召开时间：2024 年 11 月 1 日(星期五) 下午 13:00-14:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 ...

海通证券股份有限公司 关于无锡日联科技股份有限公司首次公开发行 部分限售股上市流通的核查意见 海通证券股份有限公司（以下简称"海通证券"或"保荐机构"）作为无锡日 联科技股份有限公司（以下简称"日联科技"或"公司"）首次公开发行股票并在 科创板上市持续督导期间的保荐机构，根据《证券发行上市保荐业务管理办法》 《上海证券交易所科创板股票上市规则》等有关法律法规和规范性文件的要求， 对日联科技首次公开发行部分限售股上市流通的事项进行了核查，具体情况如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2023 年 2 月 21 日出具的《关于同意无锡日 联科技股份有限公司首次公开发行股票注册的批复》（证监许可[2023]366 号）， 无锡日联科技股份有限公司（以下简称"公司"或"日联科技"）获准向社会公开 发行人民币普通股（A 股）1,985.1367 万股，并于 2023 年 3 月 31 日在上海证券 交易所科创板上市，发行完成后公司总股本为 7,940.5467 万股，其中有限售条件 流通股 6,202.2809 万股，无限售条件流通股 1,738.2658 万股。 本次上市流通的限售股为公 ...