Financial Performance - The company reported a stable revenue growth of 15% year-on-year, reaching a total revenue of 1.2 billion RMB in 2024 [19]. - The company projects a revenue guidance of 1.5 billion RMB for 2025, representing a growth of 25% compared to 2024 [19]. - The company's operating revenue for 2024 reached ¥2,777,454,901.94, representing a 63.45% increase compared to ¥1,699,251,300.43 in 2023 [25]. - The net profit attributable to shareholders for 2024 was ¥290,023,860.42, a significant increase of 184.50% from ¥101,940,775.89 in 2023 [25]. - The basic earnings per share for 2024 was ¥1.66, up 181.36% from ¥0.59 in 2023 [25]. - The total assets at the end of 2024 amounted to ¥3,041,484,018.21, reflecting a 30.65% increase from ¥2,328,033,615.28 at the end of 2023 [25]. - The company reported a net cash flow from operating activities of ¥421,490,996.58 for 2024, which is a 32.69% increase compared to ¥317,651,756.76 in 2023 [25]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥269,865,142.82, a 194.33% increase from ¥91,687,173.94 in 2023 [25]. - The weighted average return on equity for 2024 was 18.80%, up from 7.46% in 2023, indicating improved profitability [25]. - In 2024, the company achieved total revenue of CNY 2.777 billion, a year-on-year increase of 63.45%, and a net profit of CNY 290 million, up 184.50% [77]. Market Expansion and Strategy - The company is expanding its international business, which involves foreign currency settlements, exposing it to exchange rate fluctuations that may impact financial performance [6]. - Market expansion plans include entering the European market, targeting a 10% market share within the next two years [19]. - The company aims to deepen its overseas market presence, targeting over 100 countries, with a focus on the European commercial vehicle market [121]. - The company plans to strengthen its global marketing network and accelerate penetration into overseas markets, particularly in Europe and Southeast Asia, to drive rapid growth in the commercial vehicle sector [61]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings [128]. - The company is actively engaging with institutional and individual investors to discuss market conditions and financial data throughout 2024 [126]. Product Development and Innovation - The company is developing SafeGPT, an enterprise-level traffic safety intelligent analysis platform utilizing deep learning and causal reasoning algorithms [14]. - New product launches include the advanced AVM system, which enhances vehicle safety by providing a 360-degree view [18]. - The company is investing in AIoT technologies to improve vehicle management efficiency, aiming for a 30% reduction in operational costs [18]. - The company is focusing on innovative products such as intelligent vehicle-mounted terminals and AI algorithm platforms to enhance safety and compliance in the commercial vehicle industry [34]. - The company has developed a comprehensive product system and business structure, serving various sectors such as freight logistics and public transportation, leveraging AI technology for sustainable growth [38]. - The company is focusing on technological advancements and innovation to drive future growth [149]. Talent and Human Resources - There is a growing demand for high-quality technical, management, and sales talent, which could affect the company's sustainable development if not adequately addressed [6]. - The company plans to strengthen talent acquisition and training to build a high-quality, innovative workforce [123]. - The company has established a training program through the "Rui Ming Academy" to enhance employee capabilities and support global development strategies [178]. - The company emphasizes a talent-first strategy, optimizing its compensation system to attract and retain talent, including fixed salaries and both short-term and long-term incentives [177]. Corporate Governance and Compliance - The company emphasizes compliance with information disclosure regulations, ensuring timely and equal access to significant information for all stakeholders [138]. - The company has established a comprehensive performance evaluation system and compensation scheme for senior management [137]. - The governance structure of the company aligns with legal and regulatory requirements, ensuring no significant discrepancies [140]. - The company is actively enhancing its corporate governance structure in accordance with relevant laws and regulations [133]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements [135]. Risk Management - The company acknowledges the risks associated with international environmental uncertainties that may affect market demand and operational risks [6]. - The company has implemented measures to manage risks associated with foreign exchange hedging, including strict adherence to operational norms and real-time market analysis [108]. - The company plans to enhance its foreign exchange risk management by closely monitoring international market conditions [108]. Financial Policies and Shareholder Engagement - The company plans to distribute a cash dividend of 7 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued [6]. - The proposed cash dividend distribution is RMB 7 per 10 shares (including tax), with an estimated total cash dividend of RMB 123,619,013.70 for the fiscal year 2024 [187]. - The company has a stable profit distribution policy, ensuring that the decision-making process is transparent and protects the rights of minority shareholders [182]. - The company plans to conduct a cash dividend distribution after the annual shareholders' meeting, with specific conditions and limits set for mid-year dividends [181]. - The company held 4 shareholder meetings during the reporting period, reviewing 33 proposals [134].

Financial Performance - The company's revenue for Q1 2025 was ¥514,711,729.12, representing a 2.53% increase compared to ¥502,013,459.71 in the same period last year[4] - Net profit attributable to shareholders increased by 89.60% to ¥100,727,795.46 from ¥53,126,909.58 year-on-year[4] - Basic earnings per share increased by 83.87% to ¥0.57, compared to ¥0.31 in the same period last year[4] - Total operating revenue for the current period reached ¥514,711,729.12, an increase from ¥502,013,459.71 in the previous period, reflecting a growth of approximately 3.4%[20] - Net profit for the current period was ¥100,234,182.40, significantly higher than ¥53,095,472.89 from the previous period, representing an increase of approximately 88.8%[20] - The total comprehensive income for the period was CNY 110,058,093.74, compared to CNY 41,204,451.74 in the previous period, reflecting a significant increase[22] Cash Flow - The net cash flow from operating activities rose by 45.91% to ¥141,075,653.77, up from ¥96,688,743.48 in the previous year[4] - Net cash flow from operating activities was CNY 141,075,653.77, an increase of 45.7% compared to CNY 96,688,743.48 in the previous period[22] - Cash inflow from operating activities totaled CNY 616,881,826.15, compared to CNY 544,767,674.62 in the previous period, marking a rise of 13.2%[22] - Cash outflow from operating activities was CNY 475,806,172.38, up from CNY 448,078,931.14, representing an increase of 6.2%[22] - The net cash flow from investing activities was -CNY 30,327,409.19, worsening from -CNY 14,098,655.29 in the previous period[23] - Cash inflow from financing activities was CNY 268,643,705.13, significantly higher than CNY 80,000,000.00 in the previous period, showing an increase of 235.8%[23] - The net cash flow from financing activities was CNY 209,089,993.45, compared to CNY 36,824,374.20 in the previous period, indicating a substantial increase[23] - The ending balance of cash and cash equivalents was CNY 1,279,153,496.91, up from CNY 835,918,444.83 in the previous period, reflecting a growth of 53.1%[23] Assets and Liabilities - Total assets decreased by 3.84% to ¥2,924,578,717.07 from ¥3,041,484,018.21 at the end of the previous year[4] - Total liabilities decreased to ¥1,115,456,785.26 from ¥1,354,809,017.06, indicating a reduction of approximately 17.6%[19] - The equity attributable to shareholders increased to ¥1,815,732,426.66 from ¥1,684,748,620.81, reflecting a growth of about 7.8%[19] Investments - The company reported a significant increase in investment income, which rose by 1,387.08% to ¥1,973,420.00, primarily due to gains from the disposal of subsidiary control[10] - The company reported an investment income of ¥18,311,470.51, a significant improvement compared to a loss of ¥1,422,711.09 in the previous period[20] - The company’s long-term equity investments increased by 79.50% to ¥1,051,630.00, reflecting a revaluation after the disposal of subsidiary control[8] - Long-term equity investments increased from ¥13.23 million to ¥23.74 million, a growth of approximately 79.0%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,788[12] - Major shareholders include Zhao Zhijian with 24.77% (43,923,239 shares) and Wang Xidian with 17.86% (31,674,939 shares)[12] - The company plans to reduce shares by up to 10,684,100, representing 6.06% of the total share capital, between February 25, 2025, and May 23, 2025[14] - The company has not disclosed any related party relationships among major shareholders[13] Operational Efficiency - The company experienced a 30.35% decrease in accounts receivable, attributed to the disposal of subsidiary control, resulting in a reduction of ¥162,247,000[8] - Accounts receivable decreased from ¥534.50 million to ¥372.26 million, indicating a reduction of approximately 30.4%[16] - Inventory decreased from ¥538.69 million to ¥367.47 million, a decline of about 31.7%[16] - Total current assets decreased from ¥2.33 billion to ¥2.24 billion, a decline of about 3.8%[16] - Total operating costs decreased to ¥435,576,651.46 from ¥455,561,542.77, marking a reduction of about 4.4%[20] - Research and development expenses were ¥63,632,722.20, down from ¥69,147,934.73, a decrease of approximately 7.3%[20] Other Comprehensive Income - Other comprehensive income after tax for the current period was ¥9,823,911.34, recovering from a loss of ¥11,891,021.15 in the previous period[21] Audit Information - The company did not undergo an audit for the first quarter report[24]

Summary of Conference Call Company and Industry Overview - The conference call primarily focused on the company "瑞铭" (Reiming) and its position in the commercial vehicle safety industry, particularly in relation to the growing demand for safety technologies in commercial vehicles [1][4][10]. Key Points and Arguments 1. **Profit Growth**: The company's profit is projected to be between 280 to 297 million yuan, representing a year-on-year growth of 175% to 191%. This growth is attributed to three main factors: overseas business expansion, increased gross margins due to better competitive positioning in international markets, and improved operational efficiency [3]. 2. **Stock Incentive Plans**: On March 6, the company announced a stock option incentive plan for 137 individuals with an exercise price of 45.63 yuan, alongside a third employee stock ownership plan [3]. 3. **Future Growth Targets**: The company has set ambitious growth targets for the years 2024 to 2027, aiming for a minimum growth rate of 30% in 2024, 50% in 2026, and 70% in 2027, indicating strong confidence in its business planning [4]. 4. **Market Penetration**: The current industry penetration rate is approximately 10%, with significant potential for growth as the market evolves towards integrating AI functionalities into vehicle safety systems [5]. 5. **Regulatory Changes**: The upcoming EU JSR2 standard, effective from July 2024, mandates the installation of six intelligent warning functions in commercial vehicles, which the company is well-prepared to meet [9]. 6. **Product Range**: The company offers a diverse range of products, including camera systems and advanced driver-assistance systems (ADAS), tailored for various commercial vehicle types [10][12]. 7. **Market Dynamics**: The company benefits from a recovering economy post-pandemic, with increased demand for freight services linked to GDP growth. The overseas market, particularly in Europe and the US, shows a stronger purchasing capability compared to domestic markets [14][15]. 8. **Competitive Landscape**: The company competes primarily on cost-effectiveness in the overseas market, where it faces established competitors. Its competitive edge lies in its ability to provide high-quality products at lower prices [16][17]. 9. **Future Outlook**: The company anticipates achieving record revenue and profit in 2024, supported by its established market position and ongoing product development efforts [18][19]. Additional Important Insights - The company has established a factory in Vietnam to mitigate tariff impacts, demonstrating proactive measures to navigate complex trade environments [19]. - The management emphasizes the importance of efficient R&D processes to adapt to the diverse needs of commercial vehicle models, which often have lower production volumes [19]. - The call concluded with an invitation for further inquiries, reinforcing the company's commitment to transparency and investor engagement [20].

2025 年 04 月 10 日 锐明技术(002970.SZ) 全球商用车智能物联领导者，蓝海扬帆行稳致远 商用车智能物联领导者，掘金蓝海市场 锐明技术是全球商用车智能物联领导者，以提升安全和效率为目标， 利用 AI 视频等技术实现 Vision Zero（零事故）的愿景。公司深耕 车载视频监控领域二十余年，面向货运、校车、公交、出租等商用车 辆营运场景提供行业信息化解决方案。公司凭借全球领先的产品竞争 力全球领先，根据 2024 年 Berg Insight 的报告，公司在商用车视频 远程信息处理方案安装量排名全球第一。随着人工智能与大数据集 合，安防信息化产品快速迭代，更能够对风险精准判别、更好的监测 车辆状态和司机行为，而此类主动式视频远程信息处理系统的全球渗 透率尚且较低，蓝海市场空间广阔。 "高价值+新技术"双轮驱动行业飞轮加速增长 高价值需求：无论在交通运输还是交通出行方面，效率、成本、安全 等问题逐渐受到重视，车队运营者在成本管理、货物管理、资源配置、 安全预防管控等方面的精细化需求提升，车联网可帮助车队降本增 效、保障公共安全和驾驶安全，因此市场对商用车智能物联解决方案 的需求快速提升。 新 ...

因此，美国新关税政策会普遍性的增加美国本土行业终端用户的采购成本，但不会 改变行业竞争格局。 3、目前越南工厂的产能占公司总体产能比例怎样？未来全球产能布局计划？ 证券代码：002970 证券简称：锐明技术 深圳市锐明技术股份有限公司 投资者关系活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 □反路演 | | | ☑其他（线上会议） 上海重阳投资管理股份有限公司、博时基金、路博迈基金、惠升基金、东海基金、银华 | | 参与单位名称 | 部利得基金、宏利基金、上海聆泽投资管理有限公司、平安基金、大家资产管理有限责 | | | 基金、浙江英睿投资管理有限公司、广东银石私募基金、广发证券、招商信诺资产管理 | | | 有限公司、红杉资本股权投资管理(天津)有限公司、诺安基金、中国人寿养老保险、西 | | | 任公司、红塔证券、圆信永丰基金、上海东方证券、国寿安保基金、汇添富基金、兴业 | | | 基金、华夏未来资本管理有限公司、海富通基金、富 ...

证券代码：002970 证券简称：锐明技术 公告编号：2025-014 深圳市锐明技术股份有限公司 关于调整 2025 年股票期权激励计划相关事项的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 深圳市锐明技术股份有限公司（以下简称"公司"）于 2025 年 4 月 1 日召 开第四届董事会第十次会议、第四届监事会第十次会议，审议通过了《关于调整 2025 年股票期权激励计划相关事项的议案》。根据《深圳市锐明技术股份有限 公司 2025 年股票期权激励计划（草案）》（以下简称"《激励计划（草案）》"） 的相关规定及公司 2025 年第一次临时股东会的授权，同意将公司 2025 年股票期 权激励计划（以下简称"本次激励计划"）激励对象名单由 137 人调整为 136 人，激励对象自愿放弃的权益直接调减，本次激励计划授予的股票期权数量由 614 万份调整为 613 万份。现将有关事项说明如下： 一、本次激励计划已履行的决策程序和信息披露情况 （一）2025 年 3 月 6 日，公司第四届董事会第九次会议和第四届监事会第 九次会议分别审议通过了《关于〈深圳市 ...

深圳市锐明技术股份有限公司 2025 年股票期权激励计划激励对象名单（截至授权日） 注：1、公司在全部有效期内的股权激励计划所涉及的标的股票总数累计未超过本次激励计划草案公告 时公司股本总额的 10%。本次激励计划中任何一名激励对象通过全部在有效期内的股权激励计划获授的本 公司股票数量累计未超过本次激励计划草案公告时公司股本总额的 1%。 2、本次激励计划激励对象不包括锐明技术独立董事、监事，也不包括单独或合计持有公司 5%以上股 份的股东或实际控制人及其配偶、父母、子女。 3、上表中数值若出现总数与各分项数值之和尾数不符，均为四舍五入原因所致。 二、中层管理人员及核心技术（业务）骨干名单 | 序号 | 姓名 | 职务 | | --- | --- | --- | | 1 | 李爱忠 | 中层管理人员及核心技术（业务）骨干 | | 2 | 陈春 | 中层管理人员及核心技术（业务）骨干 | | 3 | 袁耕 | 中层管理人员及核心技术（业务）骨干 | | 4 | 徐平 | 中层管理人员及核心技术（业务）骨干 | | 5 | 贺娟娟 | 中层管理人员及核心技术（业务）骨干 | | 6 | 敬志红 | 中层管理人员及 ...

证券代码：002970 证券简称：锐明技术 公告编号：2025-015 深圳市锐明技术股份有限公司 关于向 2025 年股票期权激励计划激励对象授予股票期权的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 重要内容提示 《深圳市锐明技术股份有限公司 2025 年股票期权激励计划（草案）》（以 下简称"《激励计划（草案）》"或"本次激励计划"）规定的股票期权授予条 件已成就，根据深圳市锐明技术股份有限公司（以下简称"公司"）2025 年第 一次临时股东会的授权，公司于 2025 年 4 月 1 日召开第四届董事会第十次会议 和第四届监事会第十次会议，审议通过了《关于向 2025 年股票期权激励计划激 励对象授予股票期权的议案》，同意以 2025 年 4 月 1 日为授权日，向符合条件 的 136 名激励对象授予 613 万份股票期权。现将有关事项说明如下： 一、本次激励计划简述 2025 年 3 月 24 日公司召开 2025 年第一次临时股东会，审议通过了《激励 计划（草案）》及其摘要，主要内容如下： （一）激励工具：股票期权。 （二）标的股票来源：公 ...

北京市金杜（深圳）律师事务所 关于深圳市锐明技术股份有限公司 2025 年股票期权激励计划调整及授予事项的 法律意见书 致：深圳市锐明技术股份有限公司 北京市金杜（深圳）律师事务所（以下简称"金杜"或"本所"）接受深圳市锐 明技术股份有限公司（以下简称"锐明技术"或"公司"）委托，根据《中华人民共 和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证 券法》）、中国证券监督管理委员会（以下简称"中国证监会"）《上市公司股权激 励管理办法》（以下简称《管理办法》）、《深圳证券交易所股票上市规则》（以下 简称《上市规则》）《深圳证券交易所上市公司自律监管指南第 1 号——业务办理》 （以下简称《自律监管指南第 1 号》）等法律、行政法规、部门规章及其他规范性文 件（以下合称"法律法规"）和《深圳市锐明技术股份有限公司章程》（以下简称 《公司章程》）及《深圳市锐明技术股份有限公司 2025 年股票期权激励计划（草案）》 （以下简称《激励计划（草案）》）的有关规定，就公司 2025 年股票期权激励计划 （以下简称"本次激励计划"、"本激励计划"、"本计划"）授予对象、授予数量 调整（以下简称"本 ...

深圳价值在线咨询顾问有限公司 关于 深圳市锐明技术股份有限公司 2025 年股票期权激励计划 调整及授予相关事项 之 独立财务顾问报告 二〇二五年四月 | 第一章 | 释 | 义 1 | | --- | --- | --- | | 第二章 | 声 | 明 3 | | 第三章 | | 基本假设 4 | | 第四章 | | 本次激励计划已履行的审批程序 5 | | 第五章 | | 本次激励计划的调整及授予情况 7 | | 一、 | | 本次激励计划调整事由及调整结果 7 | | 二、 | | 本次激励计划股票期权授予情况 7 | | 三、 | | 关于本次授予与股东会审议通过的激励计划存在差异的情况说明 9 | | 第六章 | | 本次激励计划授予条件成就的情况说明 11 | | 一、 | | 股票期权的授予条件 11 | | 二、 | | 董事会对授予条件成就的情况说明 11 | | 第七章 | | 独立财务顾问意见 13 | 深圳价值在线咨询顾问有限公司 独立财务顾问报告 第一章 释 义 在本报告中，如无特殊说明，下列简称具有如下含义： | 释义项 | | 释义内容 | | --- | --- | --- | ...