Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between 287.80 million and 318 million CNY, an increase of 112.53 million to 142.73 million CNY compared to the previous year, representing a year-on-year growth of 64.20% to 81.43%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 274.20 million and 303.10 million CNY, an increase of 110.84 million to 139.74 million CNY compared to the previous year, reflecting a year-on-year increase of 67.85% to 85.54%[5] - The total profit for the previous year was 199.51 million CNY, with a net profit attributable to shareholders of 175.27 million CNY[7] - The company achieved a basic earnings per share of 1.11 CNY in the previous year[8] Growth Drivers - Key drivers for the significant profit growth include steady business growth, increased order volume, ongoing technological and process innovations, and improved operational efficiency[9] - The company has seen an increase in orders from overseas factories compared to the previous year, indicating enhanced operational capacity[9] - The company is making progress in expanding into new business areas, which is beginning to yield results[9] Forecast Validity - The profit forecast has not yet been audited by a registered accountant, and the company has not identified any major uncertainties affecting the accuracy of the forecast[10] - Investors are advised that the forecast data is preliminary and the final audited financial data will be disclosed in the official 2025 annual report[11] - The announcement was made by the board of directors of Suzhou Ruikeda Connection System Co., Ltd. on January 30, 2026[12]

Market Performance - The other electronic sector increased by 0.01% on January 28, with Keleke leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up by 0.27%, while the Shenzhen Component Index closed at 14342.9, up by 0.09% [1] Top Gainers - Keleke (002782) closed at 23.33, up by 6.43% with a trading volume of 316,500 shares and a transaction value of 726 million [1] - Mindray Electronics (300656) closed at 27.64, up by 6.14% with a trading volume of 216,200 shares and a transaction value of 605 million [1] - Shannon Chip Creation (300475) closed at 175.00, up by 5.00% with a trading volume of 454,600 shares and a transaction value of 778 million [1] Top Losers - Walden Nuclear Materials (002130) closed at 29.32, down by 10.01% with a trading volume of 1,972,400 shares and a transaction value of 6.072 billion [2] - Jingquan Technology (002885) closed at 27.40, down by 3.15% with a trading volume of 151,500 shares and a transaction value of 419 million [2] - Hanzhuo Technology (301275) closed at 60.40, down by 2.89% with a trading volume of 33,600 shares and a transaction value of 206 million [2] Capital Flow - The other electronic sector experienced a net outflow of 320 million from institutional investors, while retail investors saw a net inflow of 444 million [2] - The capital flow data indicates that institutional investors withdrew funds, while retail investors increased their investments in the sector [2] Individual Stock Capital Flow - Shannon Chip Creation (300475) had a net inflow of 96.5 million from institutional investors, but a net outflow of 47.3 million from speculative funds [3] - Keleke (002782) saw a net inflow of 29.9 million from institutional investors, with a significant outflow from retail investors [3] - Mindray Electronics (300656) had a net inflow of 10.6 million from institutional investors, while retail investors withdrew funds [3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000670 | 窑方微 | 9.12 | -7.97% | 158.00万 | 14.36亿 | | 002130 | 沃尔核材 | 32.58 | -2.28% | 105.68万 | 34.52亿 | | 002388 | 新亚制程 | 5.71 | -1.72% | 24.88万 | 1.40亿 | | 002885 | 京泉华 | 28.29 | -1.60% | 16.37万 | 4.58亿 | | 600353 | 旭光电子 | 17.71 | -1.01% | 33.83万 | 5.89亿 | | 301275 | 汉朔科技 | 62.20 | -0.88% | 3.25万 | 2.01亿 | | 301359 | 东南电子 | 20.86 | -0.86% | 2.52万 | 5201.94万 | | 301563 | 云汉芯城 | 181.98 | -0.58% | 1.78万 | 3.20亿 | | 300991 | 创益通 ...

Core Viewpoint - The Chinese electric vehicle (EV) high-voltage component industry has transitioned from policy-driven to market-driven growth, with increasing consumer acceptance of pure electric and hybrid models, leading to a significant expansion in production and sales, and a surge in demand for high-voltage components [1][10]. Industry Overview - The high-voltage system in EVs is crucial for energy storage, conversion, transmission, and usage, operating at hundreds of volts, which distinguishes EVs from traditional fuel vehicles [2]. - High-voltage components are essential for the efficient operation of EVs, enabling energy management and enhancing overall performance [4]. Market Size and Growth - By 2025, the market size of China's high-voltage component industry is projected to reach 311.66 billion yuan, representing a year-on-year growth of 26.5%, capturing 49.32% of the global market share [1][10]. - In the first nine months of 2025, China's production and sales of new energy vehicles reached 11.24 million and 11.23 million units, respectively, with a year-on-year growth of 35.2% and 34.9% [8]. Industry Barriers - The high-voltage component industry faces significant technical barriers, requiring precise design, programming skills, and a deep understanding of system logic to ensure performance, reliability, and safety [5][6]. Market Policies - The Chinese government has implemented various policies to support the development of the automotive parts industry, including high-voltage components, creating a favorable environment for growth [6]. Industry Chain - The upstream of the high-voltage component industry includes suppliers of raw materials like copper, aluminum, and rare earths, while the downstream consists of EV manufacturers and the aftermarket, which is seeing increased demand as early EVs enter replacement cycles [7][8]. Competitive Landscape - The industry is characterized by a fragmented market with numerous players focusing on specific segments. Key companies include Xinrui Technology, Zhonghang Optoelectronics, BYD Semiconductor, and Futec Technology [10][11]. Development Trends - The industry is expected to see a shift towards higher voltage and efficiency, with wide bandgap semiconductor materials playing a crucial role in enhancing energy conversion efficiency [14]. - There will be a trend towards system integration and modularization, aiming for lightweight designs and cost control [14]. - Collaboration within the supply chain will deepen, with a focus on localizing key materials and components to build a self-sufficient supply chain [15].

Market Overview - US stock market continues to rise, with Dow Jones up 0.63%, Nasdaq up 0.91%, and S&P 500 up 0.55% [1] - Meta shares increased by 5.66%, marking the largest single-day gain since July 31 [1] - Tesla shares rose by 4.15%, while Microsoft and Amazon saw increases of at least 1.31% [1] Company Developments - Intel's Q1 guidance is disappointing, leading to a post-market drop of over 10% [2] - Nvidia completed a $5 billion investment in Intel in Q4 [2] - Tesla plans to sell humanoid robots to the public by the end of this year or next year [3] - OpenAI is quietly developing humanoid robots with a team of 100 in San Francisco [4] - Meta's Threads platform has surpassed 400 million monthly active users and is launching ads globally [5] Commodity Insights - Goldman Sachs raised its gold price target to $5,400, indicating that wealthy individuals are competing with central banks for limited physical reserves [6] - COMEX gold futures rose by 1.97%, while silver futures increased by 4.05%, both reaching historical highs [7] - US natural gas futures prices surged by 81% within three days, reaching the highest level since December 2022 [7] Regulatory and Policy Updates - The People's Bank of China (PBOC) Governor Pan Gongsheng stated there is still room for further interest rate cuts and reserve requirement ratio reductions this year [8] - The Ministry of Commerce and other departments encourage horizontal mergers and acquisitions in the pharmaceutical retail sector [12] - The State Council's Food Safety Office is drafting national standards for prepared dishes and will seek public opinions soon [12] Industry Trends - The semiconductor industry is seeing significant developments, with Alibaba's T-HEAD planning for an independent IPO [10] - The prepared food sector is undergoing a transformation, with a focus on quality and safety in the supply chain [11] - The retail pharmacy industry is expected to accelerate consolidation, with a projected decrease in the number of pharmacies by nearly 20,000 since Q4 2024 [13] Financial Projections - Zhaoyi Innovation expects a net profit of approximately 1.61 billion yuan for 2025, a 46% increase year-on-year [17] - Shengmei Shanghai anticipates revenues between 6.68 billion and 6.88 billion yuan for 2025, reflecting a growth of 18.91% to 22.47% [18] - Runtu Co. forecasts a net profit of 600 million to 700 million yuan for 2025, representing a growth of 181.05% to 227.89% [18]

Group 1 - The global share of China's essential patents for 5G standards has reached 42%, and the first phase of 6G technology trials has been completed, with over 300 key technology reserves formed [2] - The development of 6G technology is entering a critical window, with significant focus on the integration of low-orbit satellite networks and a comprehensive space-ground-sea network [2] - Companies are actively engaging in 6G-related business, with a focus on millimeter-wave technology as a core frequency band for 6G [3] Group 2 - Companies like 创远信科 are upgrading testing technologies and instruments towards higher frequency bands and greater bandwidth, with a focus on terahertz testing and AI communication testing [3] - 昂瑞微 is targeting the U6G frequency band and developing high-performance components, including high-power amplifiers and low-noise amplifiers, to enhance their competitive edge in RF solutions [4] - 紫光股份 is leveraging its strengths in ICT infrastructure to provide comprehensive ICT services for 6G networks, participating in various hardware and software service projects [4] Group 3 - 中兴通讯 has been actively involved in the IMT 2030 (6G) promotion group, contributing to testing and research in key technology areas such as 6G and AI integration [4] - 创远信科 has initiated the second phase of 6G technology trials and is focusing on the application of 6G+AI technology in specific scenarios like satellite internet and smart connected vehicles [5] - 瑞可达 is developing solutions for 6G communication and commercial satellite applications, while 臻镭科技 is positioning itself as a core chip supplier for 6G satellite internet [5]

Core Viewpoint - The company announced the achievement of the grant conditions for its 2025 restricted stock incentive plan, allowing for the issuance of shares to key personnel [1] Group 1: Stock Incentive Plan - The board of directors set the grant date for the reserved shares as January 21, 2026 [1] - The company will grant 300,000 shares of the second category of restricted stock at a price of 38.98 yuan per share [1] - This stock grant represents 0.15% of the current total share capital of 205,674,335 shares [1] Group 2: Share Distribution - The shares will be sourced from a targeted issuance or repurchase of A-share common stock [1] - The vesting of the shares will occur in four phases, with each phase accounting for 25% of the total shares [1] - The maximum period for completing the vesting is set at 72 months [1]

Core Viewpoint - The company, 瑞可达, announced a change in its signing registered accountant due to the adjustment of the original appointee's work, with the new accountant being 李丹 [1] Group 1 - 瑞可达 received a notice from 容诚会计师事务所 regarding the change of its signing registered accountant [1] - The original signing registered accountant, 琚晶晶, has been replaced due to work adjustments [1] - 容诚会计师事务所 will continue to audit the company's financial statements and internal controls for the year 2025 [1]

Group 1 - The company, 瑞可达, announced that as of the date of the announcement, the actual balance of guarantees provided to the U.S. 瑞可达 is RMB 19.5 million [1] - The company and its subsidiaries have no overdue external guarantees or guarantees related to litigation [1]

| 证券代码：688800 | 证券简称：瑞可达 | 公告编号：2026-005 | | --- | --- | --- | | 转债代码：118060 | 转债简称：瑞可转债 | | 苏州瑞可达连接系统股份有限公司 限制性股票预留授予日：2026 年 1 月 21 日 限制性股票预留授予数量：30.00 万股，占目前公司股本总额 20,567.4335 万股的 0.15% 股权激励方式：第二类限制性股票 东大会授权董事会办理公司股权激励计划相关事宜的议案》等议案。 关于向激励对象授予 2025 年限制性股票激励计划 预留部分限制性股票的公告 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、准确性和完整性承担个别及连带责任。 重要内容提示： 《苏州瑞可达连接系统股份有限公司 2025 年限制性股票激励计划（草案）》 （以下简称 "《激励计划》"）规定的苏州瑞可达连接系统股份有限公司（以 下简称"公司"）2025 年限制性股票激励计划（以下简称"本次激励计划"）预 留授予条件已经成就，根据公司 2025 年第一次临时股东大会授权，公司于 2026 年 1 月 ...