Core Viewpoint - The company, Ruikeda (688800.SH), has received approval from the China Securities Regulatory Commission (CSRC) for the registration of its convertible bond issuance to unspecified investors [1] Group 1 - The approval is documented in the CSRC's official notice, reference number 〔2025〕2410 [1] - The company plans to issue convertible bonds, which allows investors to convert their bonds into shares at a later date [1]

Core Viewpoint - The company reported strong growth in its electric vehicle (EV) business and is making progress in overseas markets, particularly in Europe, with a target price of 90.95 yuan and a "buy" rating maintained [1][4]. Group 1: Financial Performance - In Q3 2025, the company achieved revenue of 796 million yuan, representing a year-over-year increase of 26.15% and a quarter-over-quarter increase of 4.32% [1][2]. - The net profit attributable to shareholders for Q3 2025 was 76 million yuan, showing a year-over-year increase of 85.41% but a quarter-over-quarter decrease of 6.58% [1][2]. - For the first three quarters of 2025, the company reported revenue of 2.321 billion yuan, a year-over-year increase of 46.04%, and a net profit of 233 million yuan, reflecting a year-over-year increase of 119.89% [1]. Group 2: Business Growth and Strategy - The company's EV business continues to grow, with increasing market share and successful entry into overseas markets, including securing orders from European automakers [1][3]. - The company is expanding its product lines in AI data center connectors and robotics connectors, aiming to attract both domestic and international clients [1][3]. - The company is focusing on becoming a platform enterprise for connectors, with stable and long-term overseas orders expected to drive revenue growth and improve profit margins [3]. Group 3: Future Outlook and Valuation - The company is expected to achieve significant scale orders in emerging fields, particularly in AI computing connectors, as it continues to enrich its product offerings and engage with downstream customers [4]. - Revenue forecasts for 2025-2027 are maintained at 3.39 billion, 4.49 billion, and 5.69 billion yuan, respectively, with net profit forecasts of 270 million, 340 million, and 460 million yuan [4]. - The company is assigned a 2025 PE valuation of 68.6X, with a target price of 90.95 yuan, reflecting an increase from the previous target of 88.93 yuan [4].

Core Insights - The stock of Suzhou Ruikeda Connector System Co., Ltd. increased by 5.11% to 80.79 CNY per share, with a trading volume of 353 million CNY and a turnover rate of 2.18%, resulting in a total market capitalization of 16.616 billion CNY [1] Company Overview - Suzhou Ruikeda Connector System Co., Ltd. was established on January 11, 2006, and went public on July 22, 2021. The company specializes in the research, development, production, sales, and service of connector products, classified as a high-tech enterprise [1] - The revenue composition of the company includes: 91.47% from new energy connectors, 3.96% from communication connectors, 3.01% from other connectors, and 1.57% from supplementary products [1] Fund Holdings - Hengyue Fund has a significant holding in Ruikeda, with its Hengyue Growth Selected Mixed A Fund (010622) reducing its position by 61,400 shares in the third quarter, now holding 339,700 shares, which represents 3.51% of the fund's net value, ranking as the ninth largest holding [2] - The fund has achieved a year-to-date return of 74.64%, ranking 305 out of 8,154 in its category, and a one-year return of 53.49%, ranking 886 out of 8,046 [2] Fund Manager Performance - The fund manager of Hengyue Growth Selected Mixed A Fund is Liao Mingbing, who has been in the position for 5 years and 112 days. The total asset size of the fund is 955 million CNY, with the best return during his tenure being 70.25% and the worst being -41.96% [3]

Investment Rating - The report maintains an investment rating of "Buy" for the company with a target price of RMB 90.95 [1][6]. Core Insights - The company is expected to enter a harvest phase for its new AI product layout, with significant growth in its electric vehicle (EV) business and successful penetration into overseas markets, particularly in Europe [6][8]. - The third quarter of 2025 saw a revenue of RMB 796 million, representing a year-over-year increase of 26.15% and a quarter-over-quarter increase of 4.32% [6][7]. - The company has strategically positioned itself in the AI data center connector and robotics connector markets, with a complete product lineup that is anticipated to attract both domestic and international clients [6][8]. Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of RMB 2.321 billion, a year-over-year increase of 46.04%, and a net profit attributable to the parent company of RMB 233 million, up 119.89% year-over-year [6][9]. - The company’s revenue projections for 2025-2027 are RMB 3.391 billion, RMB 4.486 billion, and RMB 5.689 billion, respectively, with corresponding net profits of RMB 272.82 million, RMB 343.09 million, and RMB 461.29 million [5][9]. - The report highlights a projected EPS of RMB 1.33 for 2025, with a PE ratio of 59.93 [5][9]. Market Position and Strategy - The company is focusing on becoming a platform enterprise for connectors, with a strong emphasis on the EV sector and emerging markets [8][9]. - The report notes that the company has secured orders for EV connectors from European automotive clients, indicating a stable and long-term revenue stream [8][9]. - The company’s new product lines in AI and data center communication are expected to enter a harvest phase, with existing orders from domestic cloud service providers and ongoing efforts to engage with international clients [8][9].

Core Viewpoint - 瑞可达 (688800.SH) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong business performance and growth potential [1] Financial Performance - The company achieved an operating revenue of 2.321 billion yuan, representing a year-on-year growth of 46.04% [1] - The net profit attributable to shareholders reached 233 million yuan, showing a remarkable year-on-year increase of 119.89% [1] - Basic earnings per share were reported at 1.14 yuan [1]

Core Insights - The company reported a revenue of 796,436,734.54 yuan for the third quarter of 2025, representing a year-on-year growth of 26.15% [2] - The net profit attributable to shareholders of the listed company was 76,016,224.12 yuan, showing a significant year-on-year increase of 85.41% [2] Financial Performance - Revenue for Q3 2025: 796.44 million yuan, up 26.15% year-on-year [2] - Net profit for Q3 2025: 76.02 million yuan, up 85.41% year-on-year [2]

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。 苏州瑞可达连接系统股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开公司第四届董事会第二十四次会议，审议通过了《关于取消监事会、 监事及修订<公司章程>的议案》、《关于修订、废止及制定部分公司治理制度的议 案》，上述议案的部分子议案尚需提交公司股东大会审议。具体情况如下： 一、取消公司监事会、废止《监事会议事规则》的情况 根据 2024 年 7 月 1 日起实施的《中华人民共和国公司法》（以下简称《"公 司法》"），中国证券监督管理委员会(以下简称"中国证监会")发布的《关于新< 公司法>配套制度规则实施相关过渡期安排》以及《上市公司章程指引》的规定， 上市公司将不再设置监事会或监事，董事会审计委员会行使《公司法》规定的监 事会的职权，公司拟取消监事会，由董事会审计委员会行使《公司法》规定的监 事会的职权，《公司监事会议事规则》等监事会相关制度相应废止，公司各项规 章制度中涉及监事会、监事的规定不再适用。 在公司股东会审议通过取消监事会设置事项前，公司第 ...

证券代码：688800 证券简称：瑞可达 公告编号：2025-055 苏州瑞可达连接系统股份有限公司 关于召开2025年第三次临时股东大会的通知 本公司董事会及全体董事保证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。 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第三次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 11 月 17 日 14 点 30 分 召开地点：苏州市吴中区吴淞江科技产业园淞葭路 998 号 A 幢二楼 A0207 会议室 网络投票起止时间：自2025 年 11 月 17 日 至2025 年 11 月 17 日 股东大会召开日期：2025年11月17日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 采用上海证券交易所网络投票系统，通 ...

本公司监事会及全体监事保证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、监事会会议召开情况 苏州瑞可达连接系统股份有限公司（以下简称"公司"）第四届监事会第二 十二次会议（以下简称"本次会议"）于 2025 年 10 月 29 日在公司会议室以现 场表决方式召开。本次会议通知和材料于 2025 年 10 月 20 日以通讯方式送达全 体监事，会议由监事会主席钱芳琴女士召集并主持，应出席监事 3 名，实际出席 监事 3 名。本次会议的召集、召开方式符合《中华人民共和国公司法》（以下简 称"《公司法》"）等法律法规及《公司章程》）的有关规定。 证券代码：688800 证券简称：瑞可达 公告编号：2025-053 苏州瑞可达连接系统股份有限公司 第四届监事会第二十二次会议决议公告 监事会认为：公司根据《中华人民共和国公司法》《上市公司章程指引》等 法律法规和规范性文件的相关规定，结合公司实际情况，公司拟不再设置监事会， 由董事会审计委员会承担监事会职责，公司各项治理制度中涉及监事会及监事的 规定不再适用，并同步修订《公司章程》有关内容，符合相关法律、 ...

证券代码：688800 证券简称：瑞可达 公告编号：2025-052 苏州瑞可达连接系统股份有限公司 第四届董事会第二十四次会议决议公告 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、董事会会议召开情况 苏州瑞可达连接系统股份有限公司（以下简称"公司"）第四届董事会第二 十四次会议（以下简称"本次会议"）于 2025 年 10 月 29 日以现场结合通讯表 决方式召开。本次会议通知和材料于 2025 年 10 月 20 日以通讯方式发出，会议 由董事长吴世均先生召集并主持，应出席董事 7 名，实际出席董事 7 名（其中： 以通讯表决方式出席会议 3 名），公司监事和高级管理人员列席了本次会议。本 次会议的召集、召开方式符合《中华人民共和国公司法》（以下简称"《公司法》"） 等法律法规及《公司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过《关于公司2025年第三季度报告的议案》 根据《上海证券交易所科创板股票上市规则》、《上海证券交易所科创板上市 公司自律监管指引第1号——规范运作》等相关规定，公司编制了《 ...