Company Overview - Suzhou Ruikeda Connection System Co., Ltd. is a high-tech enterprise specializing in the research, development, production, sales, and service of connector products, established on January 11, 2006, and listed on July 22, 2021 [1] - The company's main business revenue composition includes: 91.47% from new energy connectors, 3.96% from communication connectors, 3.01% from other connectors, and 1.57% from other supplementary products [1] Financial Performance - As of June 30, 2025, Ruikeda achieved operating revenue of 1.525 billion yuan, representing a year-on-year growth of 59.15%, and a net profit attributable to shareholders of 157 million yuan, with a year-on-year increase of 141.64% [2] - The company has distributed a total of 164 million yuan in dividends since its A-share listing, with 130 million yuan distributed over the past three years [3] Stock Market Activity - On September 19, Ruikeda's stock price decreased by 2.01%, closing at 79.39 yuan per share, with a trading volume of 545 million yuan and a turnover rate of 3.30%, resulting in a total market capitalization of 16.328 billion yuan [1] - The stock has increased by 107.13% year-to-date, with a 4.06% rise over the last five trading days, a 9.67% increase over the last 20 days, and a 62.38% increase over the last 60 days [1] - The number of shareholders increased by 25.14% to 16,200 as of June 30, 2025, with an average of 12,713 circulating shares per person, up by 3.75% [2] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders include Hai Futong Stock Mixed Fund as the sixth largest shareholder with 1.8938 million shares, and Hong Kong Central Clearing Limited as the eighth largest shareholder with 1.5765 million shares, which decreased by 1.0993 million shares compared to the previous period [3] - New entrants among the top ten shareholders include Huashang Advantage Industry Mixed Fund and the exit of Financial Advantage Industry Rotation Mixed Fund and Fortune Innovation Technology Mixed Fund [3]

Market Overview - On September 18, the other electronic sector declined by 1.33%, with Baibang Technology leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers in the other electronic sector included: - Zhongrong Electric (301031) with a closing price of 112.38, up 6.59% and a trading volume of 70,500 shares, totaling 785 million yuan [1] - Shihua Technology (688093) closed at 42.80, up 4.21% with a trading volume of 87,800 shares, totaling 375 million yuan [1] - Haoshanghao (001298) closed at 36.40, up 2.30% with a trading volume of 311,900 shares, totaling 112.5 million yuan [1] - Conversely, significant decliners included: - Zibang Technology (300736) closed at 14.25, down 6.25% with a trading volume of 144,000 shares, totaling 210 million yuan [2] - Shannon Chip (300475) closed at 75.51, down 3.69% with a trading volume of 486,200 shares, totaling 374.7 million yuan [2] - Igor (002922) closed at 20.94, down 3.59% with a trading volume of 198,900 shares, totaling 422 million yuan [2] Capital Flow - The other electronic sector experienced a net outflow of 1.075 billion yuan from institutional investors, while retail investors saw a net inflow of 1.136 billion yuan [2][3] - Key stocks with notable capital flows included: - Haoshanghao (001298) had a net inflow of 61.88 million yuan from institutional investors, while retail investors had a net outflow of 16.27 million yuan [3] - Zhongrong Electric (301031) saw a net inflow of 24.68 million yuan from institutional investors, with retail investors also experiencing a net outflow of 10.87 million yuan [3] - Jingquan Technology (002885) had a net inflow of 19.81 million yuan from institutional investors, while retail investors had a net outflow of 25.59 million yuan [3]

Market Performance - The other electronic sector increased by 1.35% on September 17, with Ruikeda leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Top Gainers - Ruikeda (688800) closed at 82.10, up 6.64% with a trading volume of 211,900 shares and a turnover of 1.759 billion [1] - Shihua Technology (688093) closed at 41.07, up 5.31% with a trading volume of 71,200 shares and a turnover of 292 million [1] - Fuxin Technology (688662) closed at 47.78, up 4.39% with a trading volume of 37,000 shares and a turnover of 178 million [1] - Xiangnan Chip Creation (300475) closed at 78.40, up 4.31% with a trading volume of 480,800 shares and a turnover of 3.741 billion [1] Other Notable Stocks - Walden Nuclear Materials (002130) closed at 28.09, up 2.89% with a trading volume of 1,568,900 shares and a turnover of 4.403 billion [1] - Igor (002922) closed at 21.72, up 2.65% with a trading volume of 188,200 shares and a turnover of 404 million [1] Fund Flow Analysis - The other electronic sector experienced a net outflow of 10.8287 million from institutional funds, while retail investors saw a net inflow of 14 million [2] - The top stocks with significant fund flows included Walden Nuclear Materials with a net inflow of 200 million from institutional funds [3] and Xiangnan Chip Creation with a net outflow of 97.6469 million from retail investors [3]

Core Viewpoint - The company has received approval for its public offering of convertible bonds, indicating a positive outlook for its financing efforts [1] Group 1: Financing Details - The company plans to issue convertible bonds with a total fundraising amount not exceeding 1 billion yuan, which will be allocated for system upgrades and working capital [1] - The credit rating for the company and the convertible bonds has been rated at AA- by Zhongceng Pengyuan, with a stable outlook [1] Group 2: Project Utilization - The raised funds will be used for the renovation and upgrade of high-frequency and high-speed connection systems, as well as smart energy connection systems [1]

Core Viewpoint - The company Ruikeda (688800.SH) has received approval from the Shanghai Stock Exchange's Listing Review Committee for its application to issue convertible bonds to unspecified investors, pending further approval from the China Securities Regulatory Commission (CSRC) [1][3]. Group 1: Convertible Bond Issuance - The company plans to issue convertible bonds with a total fundraising amount not exceeding 100 million yuan, which will be allocated to projects including the upgrade of high-frequency and high-speed connection systems and smart energy connection systems, as well as to supplement working capital [3][4]. - The total investment for the high-frequency and high-speed connection system upgrade project is approximately 66.91 million yuan, while the smart energy connection system upgrade project is estimated at 27.92 million yuan [4]. - The bonds will be convertible into the company's A-shares and will be listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange [4]. Group 2: Shareholder Rights and Management - Existing shareholders will have priority in the subscription of the convertible bonds, with the specific allocation ratio to be determined by the board of directors based on market conditions [5]. - The controlling shareholder and actual controller of the company is Wu Shijun, who holds a combined 29.46% stake in the company as of March 31, 2025 [6].

苏州瑞可达连接系统股份有限公司 关于向不特定对象发行可转换公司债券申请获得上 海证券交易所上市审核委员会审核通过的公告 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。 证券代码：688800 证券简称：瑞可达 公告编号：2025-050 特此公告。 苏州瑞可达连接系统股份有限公司董事会 2025 年 9 月 17 日 上海证券交易所上市审核委员会于 2025 年 9 月 16 日召开 2025 年第 36 次审 议会议（以下简称"会议"），对苏州瑞可达连接系统股份有限公司（以下简称 "公司"）向不特定对象发行可转换公司债券的申请进行了审议。根据会议审议 结果，公司本次向不特定对象发行可转换公司债券的申请符合发行条件、上市条 件和信息披露要求。 公司本次向不特定对象发行可转换公司债券事项尚需获得中国证券监督管 理委员会（以下简称"证监会"）作出同意注册的决定后方可实施。本次发行最 终能否获得证监会同意注册的决定及其时间尚存在不确定性。公司将根据该事项 的进展情况，按照相关规定和要求及时履行信息披露义务，敬请广大投资者注意 投 ...

Core Viewpoint - The company, 瑞可达, has received approval from the Shanghai Stock Exchange's listing review committee for its application to issue convertible bonds to unspecified parties, pending final registration approval from the China Securities Regulatory Commission [1] Group 1 - The application for the issuance of convertible bonds was approved on September 16, 2025 [1] - The approval is a preliminary step, as the company still requires consent from the China Securities Regulatory Commission to proceed with the implementation [1]

Core Viewpoint - The company 瑞可达 has shown significant stock performance and financial growth, with a notable increase in revenue and net profit year-over-year, indicating strong market positioning and investor interest [1][2]. Financial Performance - As of June 30, 瑞可达 reported a revenue of 1.525 billion yuan, representing a year-on-year growth of 59.15% [2]. - The net profit attributable to shareholders for the same period was 157 million yuan, reflecting a substantial increase of 141.64% compared to the previous year [2]. - Cumulatively, the company has distributed 164 million yuan in dividends since its A-share listing, with 130 million yuan distributed over the last three years [3]. Stock Market Activity - On September 16, 瑞可达's stock price increased by 2.26%, reaching 77.38 yuan per share, with a trading volume of 167 million yuan and a turnover rate of 1.08% [1]. - The stock has appreciated by 101.88% year-to-date, with a 10.04% increase over the last five trading days, although it has seen a 4.07% decline over the past 20 days [1]. - The company has appeared on the龙虎榜 four times this year, with the most recent occurrence on August 4 [1]. Shareholder Information - As of June 30, 瑞可达 had 16,200 shareholders, an increase of 25.14% from the previous period, with an average of 12,713 circulating shares per shareholder, up by 3.75% [2]. - Notable changes in institutional holdings include 海富通股票混合 becoming the sixth-largest shareholder with 1.8938 million shares, while 香港中央结算有限公司 reduced its holdings by 1.0993 million shares [3].

Core Viewpoint - The automotive connector industry is experiencing unprecedented growth opportunities driven by advancements in automotive technology, particularly in the electric vehicle (EV) sector, which is increasing the demand for high-voltage connectors [1][5]. Group 1: Market Size and Growth - The automotive connector market in China is projected to grow from 30.815 billion yuan in 2017 to 57.142 billion yuan in 2024, with an expected increase to 62.397 billion yuan by 2025 [1][5]. - The high-voltage connector market is anticipated to expand from 3.324 billion yuan in 2017 to 29.915 billion yuan in 2024, capturing a market share increase from 10.79% to 52.35% [1][5]. - By 2025, the high-voltage connector market is expected to reach 34.417 billion yuan, with its share of the automotive connector market rising to 55.16% [1][5]. Group 2: Industry Definition and Classification - Connectors are essential components that enable the connection, disconnection, or conversion of electrical or optical circuits, with applications across various fields including automotive, defense, and telecommunications [2]. - The automotive connector sector is categorized into low-voltage connectors, high-speed connectors, and high-voltage connectors, with high-voltage connectors defined as those operating at voltages above 600V [4][6]. Group 3: Industry Development and Trends - The automotive high-voltage connector industry has evolved through four stages, from basic metal shell designs to advanced versions with integrated high-low voltage capabilities and shielding functions [8][9]. - The global connector market is projected to grow from 55.402 billion USD in 2014 to 86.478 billion USD by 2024, with expectations to surpass 90 billion USD by 2025 [5]. - The demand for high-performance connectors, particularly in the EV sector, is expected to continue growing, supported by national policies favoring high-end manufacturing and technological advancements [13][14]. Group 4: Competitive Landscape - The automotive high-voltage connector market features a diverse competitive landscape, with international manufacturers like TE Connectivity, Amphenol, and Molex holding significant market shares [10]. - Domestic companies such as AVIC Optoelectronics, Suzhou Ruikeda, and Yonggui Electric are enhancing their competitiveness through technological innovation and product upgrades, narrowing the gap with international players [10][11]. - AVIC Optoelectronics is recognized for its extensive range of interconnect solutions and aims to establish itself as a global leader in the connector industry [11]. - Suzhou Ruikeda has developed a comprehensive product line for the EV market, including high-voltage connectors and charging systems, positioning itself as a key supplier in the sector [12].

Group 1 - The core point of the article is that Zhongji Xuchuang (300308.SZ) has established a joint venture with a partner to develop copper connection solutions [1] - The partner mentioned in the article is Ruikeda, with whom Zhongji Xuchuang is collaborating to develop related business [1]