Group 1 - The core product of the company is the AEBS, which primarily utilizes millimeter-wave radar technology [1] - The AEBS products are mainly applied in driving scenarios, indicating a focus on automotive safety and automation [1]

Core Viewpoint - The company, Ruike Technology (001285), has confirmed that the working principles of AEBS (Advanced Emergency Braking System) for commercial vehicles and passenger vehicles are consistent, although there are differences in specific technical solutions and testing methods [1] Group 1 - The company has accumulated technology and research and development capabilities in the AEBS field that can be applied to the technical requirements of small passenger cars [1]

Core Viewpoint - The company, Ruili Kemi (001285), emphasizes its highly integrated products that combine hardware and software, particularly in the semiconductor and software systems sectors [1] Group 1: Product Integration - The company's products include a highly integrated electric control braking system (ECU) that incorporates semiconductor chips and software algorithms [1] - The ECU can dynamically adjust control strategies based on different vehicle types, loads, and road conditions [1] Group 2: Advantages of Products - Ruili Kemi's EBS and other line control braking products feature high integration and short braking response times [1] - These products are suitable for intelligent transportation scenarios and have already been implemented in specific vehicle-road-cloud integrated applications [1]

证券日报网讯瑞立科密（001285）10月20日在互动平台回答投资者提问时表示，公司作为国内领先的主 动安全系统供应商，产品覆盖包括一汽解放、中国重汽、东风集团、北汽福田、陕汽集团等主流商用车 整车企业。公司提供的主动安全系统具有一定的通用性，其终端具体应用由客户根据自身需求决定。公 司主营业务暂不涉及军品的研发及生产。 ...

Core Viewpoint - The company, 瑞立科密 (001285.SZ), is focusing on two main areas: electric control braking and precision die-casting, with potential applications in the robotics sector [1] Group 1: Electric Control Braking - The company has accumulated technology in electric control components such as ECU, actuators, and sensors, which provides potential for technological expansion in execution and precision control [1] Group 2: Precision Die-Casting - The company specializes in lightweight product manufacturing in the precision die-casting field, establishing a foundation for product adaptation and expansion based on downstream demand [1]

Core Insights - The company, 瑞立科密 (001285), is focusing on the development and application of core technology in the intelligent driving sector, specifically the AEBS system, which has already achieved mass production [1] Product Features - The AEBS system includes functionalities such as Automatic Emergency Braking (AEBS), Forward Collision Warning (FCW), Pedestrian Collision Warning (PCW), and Lane Departure Warning (LDW) [1] - The system can be upgraded to include Level 2 ADAS features like Lane Keeping Assistance (LKA) and Adaptive Cruise Control (ACC) based on customer requirements [1] Current Applications - Currently, the company's products and technologies related to intelligent driving are primarily applied in driving scenarios and have not been utilized in robotic services [1]

Core Viewpoint - The company has established partnerships with various automotive and motorcycle clients, indicating a strong market presence and growth potential in both domestic and international markets [1] Group 1: Partnerships and Clientele - The company has formed collaborations with Chery, Geely, Leap Motor, Qianjiang Motorcycle, and Chunfeng Power, showcasing its engagement with key players in the automotive and motorcycle sectors [1] - The company is actively participating in overseas competition, with an expected overseas revenue share of 16.07% for the fiscal year 2024 [1] Group 2: Technological Focus - The company is deeply involved in two main areas: electronic control and precision die-casting [1] - In the electronic control sector, the company has significant technological accumulation in ECU, actuators, and sensors, which positions it well for potential technological expansion in execution and precision control [1] - In precision die-casting, the company focuses on lightweight product manufacturing and has the foundation to adapt products based on downstream demand [1]

格隆汇10月16日丨瑞立科密(001285.SZ)在互动平台表示，公司作为国内领先的主动安全系统供应商， 产品覆盖包括一汽解放、中国重汽、东风集团、北汽福田、陕汽集团等主流商用车整车企业。公司提供 的主动安全系统具有一定的通用性，其终端具体应用由客户根据自身需求决定。公司主营业务暂不涉及 军品的研发及生产。 ...

Core Insights - 瑞立科密's recent listing on the Shenzhen Stock Exchange marks a significant milestone in its development and strengthens the domestic automotive core component supply chain [1] - The company has achieved the highest market share in key products such as ABS, ESC, and EBS for several consecutive years, breaking the technological monopoly of multinational giants like ZF and Bosch [1][2] - 瑞立科密 has built a strong technological barrier through two decades of development, transitioning from "technology follower" to "industry leader" [2] Technology Development - The company has developed 22 core technologies, including electromechanical coupling dynamic coordination anti-lock control technology and high-safety multi-level heterogeneous redundancy distributed system architecture control technology [2] - 瑞立科密 has achieved 100% independent research and development of core components such as electronic control units (ECU), actuators, and sensors, establishing a fully controllable solution from hardware to software [2] - As of the end of 2024, the company has obtained 459 authorized patents, including 58 invention patents, and has received national recognition for its technological capabilities [2] Market Position - 瑞立科密 has solidified its leading position in the commercial vehicle active safety system sector, with its ABS product output and sales ranking first in the industry for ten consecutive years from 2014 to 2023 [5][6] - The company's market share in the commercial vehicle sector for ABS, ESC, and EBS products reached 24.00%, 23.72%, and 27.92% respectively, showing a year-on-year increase [5][6] - The company has established strong customer relationships with major domestic commercial vehicle manufacturers, which creates high switching costs for clients [6] International Expansion - 瑞立科密 has successfully expanded into international markets, with overseas revenue increasing from 65.74 million to 312 million yuan from 2022 to 2024, accounting for 16.07% of total revenue [8] - The company has diversified its business into the aluminum alloy precision die-casting sector, serving major global automotive supply chains [8] - Financial data indicates strong growth potential, with revenue rising from 1.326 billion to 1.977 billion yuan and net profit increasing from 96.96 million to 269 million yuan from 2022 to 2024 [8] Industry Outlook - The automotive industry's transition to electrification and intelligence presents a golden opportunity, with new regulations mandating the installation of ESC and EBS in commercial vehicles expected to create a market worth approximately 3 billion yuan [9] - The global linear control braking market is projected to reach 57.5 billion yuan by 2026, with a compound annual growth rate of 46%, indicating significant growth potential for the company [9] - With a domestic penetration rate of less than 10% in the ECAS field compared to 80% in Europe and the U.S., 瑞立科密 is well-positioned to benefit from both policy incentives and market demand [9]

Core Viewpoint - The company is focusing on the development and application of its core technology, the AEBS system, in the intelligent driving field, which has already achieved mass production [2]. Group 1: Technology and Applications - The AEBS system includes features such as Automatic Emergency Braking (AEBS), Forward Collision Warning (FCW), Pedestrian Collision Warning (PCW), and Lane Departure Warning (LDW) [2]. - The company can expand and upgrade its products to include Level 2 ADAS features like Lane Keeping Assistance (LKA) and Adaptive Cruise Control (ACC) based on customer needs [2]. - Currently, the company's products and technologies related to intelligent driving are primarily applied in driving scenarios and have not been utilized in robot services [2].