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： 会议召开时间：2025 年 09 月 29 日（星期一）13:00-14:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 22 日（星期一）至 09 月 26 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 stock@recodeal.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 苏州瑞可达连接系统股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 29 日（星期一） 13:00-14:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交 ...

Core Viewpoint - The company recognizes the iterative development of AI servers will necessitate corresponding upgrades in high-speed connectors and related products, presenting both opportunities and challenges [1] Group 1 - The PCIe standard has been continuously evolving in recent years due to technological advancements [1] - The company is actively increasing resource allocation to seize significant historical development opportunities within the industry [1]

证券日报网讯瑞可达9月10日在互动平台回答投资者提问时表示，合资公司目前主要进行产品研发、试 制和少量交付，正积极推进项目进展，力争未来成为核心增长点。 ...

9月3日，瑞可达涨5.02%，截至发稿，报74.46元/股，成交5.14亿元，换手率3.47%，总市值153.15亿 元。 截至发稿，栾超累计任职时间9年300天，现任基金资产总规模17.34亿元，任职期间最佳基金回报 166.62%， 任职期间最差基金回报-37.49%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，华安基金旗下1只基金重仓瑞可达。华安科技动力混合A（040025）二季度持有股数68.53万 股，占基金净值比例为2.54%，位居第十大重仓股。根据测算，今日浮盈赚取约243.95万元。 华安科技动力混合A（040025）成立日期2011年12月20日，最新规模12.72亿。今年以来收益30.14%， 同类排名2188/8180；近一年收益69.18%，同类排名1239/7967；成立以来收益773.05%。 华安科技动力混合A（040025）基金经理为栾超。 资料显示，苏州瑞可达连接系统股份有限公司位于江苏省苏州市吴中区吴 ...

格隆汇9月8日丨瑞可达(688800.SH)在互动平台表示，新能源连接器占比高系公司把握行业机遇所致； 铜缆连接器为公司新布局的业务领域，公司通信领域正有序推进车载高速及AI与数据中心等项目，高 速铜缆连接器是公司在数据通信领域布局的产品。 ...

Core Viewpoint - The stock of Suzhou Ruikeda Connection System Co., Ltd. has experienced significant fluctuations, with a year-to-date increase of 80.28% but a recent decline of 9.93% over the past five trading days [1] Group 1: Stock Performance - As of September 5, Ruikeda's stock price was 69.10 CNY per share, with a market capitalization of 14.212 billion CNY [1] - The stock has seen a trading volume of 351 million CNY and a turnover rate of 2.42% [1] - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on August 4 [1] Group 2: Financial Performance - For the first half of 2025, Ruikeda reported a revenue of 1.525 billion CNY, representing a year-on-year growth of 59.15% [2] - The net profit attributable to shareholders for the same period was 157 million CNY, showing a substantial increase of 141.64% year-on-year [2] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders increased by 25.14% to 16,200 [2] - The average number of circulating shares per shareholder rose by 3.75% to 12,713 shares [2] - The top ten circulating shareholders include new entrants such as Hai Fu Tong Stock Mixed Fund and Huashang Advantage Industry Mixed A [3]

Group 1 - The copper cable high-speed connection sector opened actively on September 4, with an increase of 2.78% [1] - Companies such as Ruikeda saw a rise of 8.24%, Shenglan shares increased by 7.56%, and Yidong Electronics rose by 6.88% [1] - Other companies like Changxin Bochuang, Luxiao Technology, and Luxshare Precision also experienced gains of over 3% [1]

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the industry index by more than 15% in the next six months [16]. Core Viewpoints - The company is actively expanding into new business areas within the AI data center sector, achieving double growth in revenue and profit for the first half of 2025 [1][2]. - In the first half of 2025, the company reported revenue of 1.525 billion yuan, a year-on-year increase of 59.15%, and a net profit attributable to shareholders of 157 million yuan, up 141.64% year-on-year [2]. - The growth in net profit is attributed to steady growth across various business segments, increased order volumes, technological and process innovations, management reforms, and successful expansion into new business areas [2][3]. Financial Summary - Revenue projections for 2025-2027 are as follows: 3.018 billion yuan in 2025, 3.562 billion yuan in 2026, and 4.096 billion yuan in 2027, with respective growth rates of 25%, 18%, and 15% [4]. - Net profit attributable to shareholders is projected to be 258 million yuan in 2025, 352 million yuan in 2026, and 404 million yuan in 2027, with growth rates of 47%, 36.5%, and 14.8% respectively [4]. - The company’s latest diluted EPS is expected to be 1.25 yuan in 2025, 1.71 yuan in 2026, and 1.96 yuan in 2027 [4]. Business Development - The company is maintaining stable R&D investment, with R&D expenses amounting to 69.81 million yuan in the first half of 2025, representing 4.58% of revenue [3]. - The company is expanding its product offerings in the AI and data center communication fields, including high-speed data transmission cables and cooling connection solutions [3]. - The operational capacity of overseas factories in Mexico and the United States is continuously improving, contributing to the overall growth in orders and production efficiency [2].

Core Viewpoint - The company reported strong financial performance in the first half of 2025, with significant year-on-year growth in revenue and net profit, indicating robust operational efficiency and market demand [1][2]. Financial Performance - In the first half of 2025, the company achieved revenue of 1.525 billion yuan, a year-on-year increase of 59.15% [1] - The net profit attributable to shareholders reached 157 million yuan, up 141.66% year-on-year [1] - The non-GAAP net profit attributable to shareholders was 148 million yuan, reflecting a 147.60% increase year-on-year [1] - For Q2 2025, revenue was 763 million yuan, growing 54.01% year-on-year and 0.27% quarter-on-quarter [1] - The net profit for Q2 was 81 million yuan, a substantial year-on-year increase of 249.68% and a quarter-on-quarter increase of 7.62% [1] - The non-GAAP net profit for Q2 was 75 million yuan, with a year-on-year growth of 292.43% and a quarter-on-quarter growth of 1.57% [1] Business Development Trends - The new energy connector segment showed steady growth, with revenue of 1.395 billion yuan in the first half of 2025, a year-on-year increase of 61.6% [2] - Gross margin improved by 0.78 percentage points to 23.34%, attributed to stable raw material prices and ongoing product upgrades and process improvements [2] - The company is expanding its global footprint, with production capacity increasing in its factories in Mexico and the United States, and new sales offices established in Silicon Valley and Germany [2] - The U.S. factory's sales continued to grow year-on-year, while the Mexican factory's losses significantly narrowed compared to the previous year [2] Emerging Business Opportunities - The company is actively expanding into AI and data center markets, providing comprehensive connectivity solutions for AI systems [3] - The product matrix includes high-speed data transmission cables and power supply solutions, with ongoing R&D in high-speed backplane systems and cable systems [3] - In the humanoid robotics sector, the company collaborates with leading firms to develop and supply a wide range of products [3] - The company is also exploring opportunities in the low-altitude economy, having completed solutions for EVTOL and industrial-grade aircraft [3] Profit Forecast and Valuation - The profit forecasts for 2025 and 2026 have been raised by 16.3% and 28.9% to 304 million yuan and 440 million yuan, respectively [4] - The current stock price corresponds to a P/E ratio of 51.9 for 2025 and 35.8 for 2026 [4] - The target price has been adjusted upwards by 73.7% to 49.5 yuan, indicating a potential upside of 12.1% from the current stock price [4]

Meeting Overview - The board meeting of Suzhou Ruikeda Connection System Co., Ltd. was held on August 28, 2025, with all 7 directors present, including 2 via remote voting [1] Financial Reports - The board approved the 2025 semi-annual report and summary, which was reviewed by the audit committee and is available on the Shanghai Stock Exchange website [2] - The board also approved a special report on the management and actual use of raised funds for the first half of 2025, which was similarly reviewed and disclosed [2] Fund Management - The company plans to use up to RMB 200 million of idle self-owned funds for cash management in safe and liquid investment products, ensuring it does not affect normal operations or the interests of shareholders [3] Performance Evaluation - The board approved a semi-annual evaluation report on the "Quality Improvement and Efficiency Enhancement Action Plan" for 2025, aimed at improving operational efficiency and market competitiveness [4][5]