Financial Performance - Total liabilities increased by 48.1% at the end of 2024 compared to the beginning of the year, while total assets only grew by 30.6%, resulting in a record high asset-liability ratio of 44.5% since the company went public [2][3] - The growth in total liabilities was primarily driven by current liabilities, particularly accounts payable, due to the expansion of electronic processing business [2] - The company plans to divest inefficient electronic processing operations in 2025 to return the asset-liability ratio to historical normal levels [2] Liquidity and Debt Management - The company maintains a strong liquidity position with cash and cash equivalents accounting for 32% of total assets, significantly higher than industry peers [2] - Key liquidity ratios include a current ratio of 1.4 and a cash ratio of 0.76, both exceeding safety thresholds [2] - Operating cash flow to net profit ratio stands at 1.45, indicating robust profitability quality [2] Artificial Intelligence Applications - The company has invested in artificial intelligence (AI) research since 2016, with AI technologies now widely integrated into its products [4] - The SafeGPT model, developed by the company, analyzes vehicle data, driver behavior, and environmental data to predict risks, receiving positive feedback from clients [4] Market Diversification and Risk Management - As of Q1 2025, revenue from the U.S. market accounted for less than 15% of total revenue, with significant growth in emerging markets such as South America, Asia-Pacific, and the Middle East [5] - The establishment of a manufacturing center in Vietnam in 2023 helps mitigate potential impacts from U.S.-China tariff issues [5] Product Development and Strategic Partnerships - The company has developed Automatic Emergency Braking System (AEBS) products for both original equipment and aftermarket applications, with successful sales in commercial vehicle sectors [6] - Currently, there are no strategic partnerships with Huawei in the field of intelligent driving, although the company focuses on enhancing safety and efficiency in commercial vehicle operations through its proprietary technologies [7]

Core Viewpoint - Zhao Zhijian, the major shareholder of Shenzhen Rui Ming Technology Co., Ltd., has reduced his shareholding, which has led to his ownership percentage touching the 1% integer threshold, but this will not affect the company's governance structure or ongoing operations [1][2]. Shareholding Changes - From May 14, 2025, to May 20, 2025, Zhao Zhijian reduced his holdings by a total of 1,055,231 shares through centralized bidding, accounting for 0.59% of the total share capital, and an additional 403,300 shares through block trading [2]. - The passive dilution due to the exercise of stock options from the 2022 and 2024 incentive plans amounted to 0.09% [2]. Shareholding Before and After - Before the changes, Zhao Zhijian held 42,410,639 shares, representing 23.89% of the total share capital calculated at 177,540,391 shares [3]. - After the changes, he holds 40,952,108 shares, which is 22.98% of the total share capital calculated at 178,194,141 shares [3]. Shareholding Conditions - Zhao Zhijian's shareholding includes 8,005,104 shares with limited sale conditions and 32,947,004 shares also under limited conditions [5]. - The current reduction aligns with previously disclosed plans, which have not yet been fully implemented [5].

证券代码：002970 证券简称：锐明技术 公告编号：2025-038 | 1．基本情况 | | | --- | --- | | 信息披露义务人 | 赵志坚 | 深圳市锐明技术股份有限公司 关于公司股东减持公司股份触及1%整数倍的公告 公司股东赵志坚先生保证向本公司提供的信息内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、本次权益变动属于深圳市锐明技术股份有限公司（以下简称"公司"）持股 5% 以上股东、董事长赵志坚先生因持股比例被动稀释和减持股份而导致持股比例触及 1% 整数倍。 2、公司无实际控制人，本次权益变动不会导致公司无实际控制人状态发生变化， 不会影响公司的治理结构和持续经营。 3、本次权益变动后，赵志坚先生持有公司股票 40,952,108 股，占公司总股本（总 股本以 2025 年 5 月 20 日的股本 178,194,141 股计算，下同）比例为 22.98%。 公司于近日收到赵志坚先生出具的《关于减持锐明技术股份触及 1%整数倍的告知 函》，获悉赵志坚先生自 2025 年 5 月 14 日至 ...

Core Viewpoint - Shenzhen Ruiming Technology Co., Ltd. has completed the granting registration of its 2025 stock option incentive plan, which aims to optimize the company's governance structure and enhance its long-term incentive mechanism to attract and retain talent [1][11]. Approval Procedures - The company has passed relevant resolutions regarding the stock option incentive plan and its management measures, with reports from lawyers and independent financial advisors confirming compliance [1][2]. - No objections were raised during the public announcement period by the supervisory board [2]. Stock Option Grant Details - A total of 6.13 million stock options have been granted to 136 individuals, with a strike price of 45.63 yuan per option [4]. - The stock options will be valid for a maximum of 48 months from the authorization date, which is April 1, 2025 [5]. Vesting and Exercise Arrangement - The stock options have a waiting period of 12 months, with the first exercise period allowing for 40% of options to be exercised after 12 months, 30% after 24 months, and the remaining 30% after 36 months [6]. - The performance assessment for the incentive plan will be conducted annually from 2025 to 2027, with specific net profit targets set for each year [7]. Performance Assessment Criteria - The exercise of stock options is contingent upon meeting company-level performance targets, with a full exercise allowed if the net profit meets or exceeds the target [7]. - Individual performance will also be evaluated, with a grading system determining the percentage of options that can be exercised based on personal performance ratings [8]. Financial Impact - The stock option plan will impact the company's financial statements, with costs recognized based on the fair value of the options at the authorization date and amortized over the vesting period [9]. - The estimated total expenses related to the stock options will be disclosed for the years 2025 to 2028 [9]. Overall Impact - The implementation of this incentive plan is expected to enhance the company's overall cohesion, align the interests of shareholders, the company, and employees, and improve market competitiveness and sustainable development [11].

证券代码：002970 证券简称：锐明技术 公告编号：2025-037 深圳市锐明技术股份有限公司 关于2025年股票期权激励计划授予登记完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 重要内容提示： 根据中国证券监督管理委员会《上市公司股权激励管理办法》、深圳证券 交易所及中国证券登记结算有限责任公司深圳分公司有关规则的规定，深圳市 锐明技术股份有限公司（以下简称"公司"）完成了2025年股票期权激励计划（以 下简称"本次激励计划"）的授予登记工作，现将具体情况公告如下： 一、本次激励计划已履行的相关审批程序 1、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〈深圳市锐明技术股份有限公司2025年股票期权激励 计划（草案）〉及其摘要的议案》《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实施考核管理办法〉的议案》等相关议案。律师及独立财 务顾问出具了相应的报告。 2、2025年3月7日至2025年3月17日，公司对激励对象名单的姓名和职务在 公司内部进行了公示。截至公示期满，公司监事会未 ...

Core Viewpoint - The automotive manufacturing sector is experiencing a surge in stock prices due to the introduction of a mandatory national standard for Automatic Emergency Braking Systems (AEBS), which is expected to significantly enhance vehicle safety and reduce rear-end collisions [1][2]. Group 1: Industry Impact - The new mandatory standard for AEBS will replace the existing recommendation-based standard, expanding its applicability to all M1 and N1 category vehicles, thus ensuring that all passenger cars must be equipped with AEBS [1][2]. - The implementation of AEBS as a mandatory standard is anticipated to drastically improve vehicle safety, as it addresses the high incidence of rear-end collisions, which constitute a significant portion of traffic accidents [2]. Group 2: Company Developments - Companies like Wan'an Technology are actively developing AEBS solutions, having completed the R&D of AEBS and EBS systems, and are offering comprehensive solutions to clients [2]. - Ruiming Technology has reported successful sales of its self-developed aftermarket AEBS products in domestic public transport and taxi sectors, while its original equipment manufacturer (OEM) AEBS products have been exported to Europe [2].

Group 1: Market Overview - The 中证2000 index showed strong performance with over 20 constituent stocks hitting the daily limit up [2] - A-shares exhibited mixed results, with the 上证指数 down 0.52% and the 深证成指 up 0.08% [1] Group 2: Policy Impact - The implementation of a new mandatory national standard for light vehicle automatic emergency braking systems (AEBS) is underway, replacing the current voluntary standard [3] - This new standard requires all passenger vehicles to be equipped with AEBS, indicating a significant shift in the automotive market [3] Group 3: Company Performance - 豪恩汽电 (301488) reported a revenue of 1.408 billion yuan from its automotive intelligent driving perception systems in 2024, marking a year-on-year growth of 17.39% [6] - 万安科技 (002590) has developed a comprehensive solution based on AEBS and EBS for the intelligent driving sector [5][6] - 亚太股份 (002284) offers a full suite of solutions for AEBS, with key components including IBS, eBooste, and EMB [6] - 锐明技术 (002970) has successfully launched its self-developed AEBS products in domestic public transport and has exported its front-mounted AEBS products to Europe [6] - 万集科技 (300552) has its laser radar products applied in AEBS systems for certain automotive manufacturers [7] Group 4: Related Companies - Other companies involved in AEBS-related businesses include 强达电路 (301628), 保隆科技 (603197), 华域汽车 (600741), 中汽股份 (301215), and 德赛西威 (002920) [8]

证券代码：002970 证券简称：锐明技术 公告编号：2025-036 深圳市锐明技术股份有限公司 2024 年年度股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决、变更或增加议案的情形。 2、本次股东会不涉及变更前次股东会决议的事项。 一、会议召开的情况 2、现场会议召开地点：广东省深圳市南山区学苑大道 1001 号南山智园 B1 栋 16 楼报告厅。 3、召开方式：本次股东会采取现场投票与网络投票相结合的方式。 4、召集人：公司董事会。 5、主持人：公司董事望西淀先生（公司董事长赵志坚先生因公务出差，以 通讯方式出席本次股东会，现场会议由公司半数以上董事共同推举董事望西淀先 生主持）。 6、本次会议符合有关法律、行政法规、部门规章、规范性文件和公司章程 的规定。 二、会议出席情况 1、召开时间： （1）现场会议召开时间：2025 年 5 月 15 日（星期四）下午 15:30； （2）网络投票时间：2025 年 5 月 15 日。 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 5 月 ...

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 2024 年年度股东会之法律意见书 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（以下简称本所）接受深圳市锐明技术股份 有限公司（以下简称公司）的委托，根据《中华人民共和国证券法》（以下简称 《证券法》）、《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）《上市公司股东会规则》（以下简称《股 东会规则》）等中华人民共和国境内（以下简称中国境内，为本法律意见书之目 的，不包括中国香港特别行政区、中国澳门特别行政区和中国台湾地区）现行有 效的法律、行政法规、规章、规范性文件和公司章程的有关规定，指派律师出席 了公司于 2025 年 5 月 15 日召开的 2024 年年度股东会（以下简称本次股东会）， 并就本次股东会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 2. 公司于 2025 年 4 月 25 日刊登于巨潮资讯网（网址为 http://www.cninf o.com.cn/，下同）及深圳证券交易所网站（网址为 https://www. ...

Investment Rating - The report suggests a positive investment outlook for the computer sector, highlighting significant investment opportunities due to recent tariff reductions between China and the US [6][7]. Core Insights - The easing of tariffs is expected to boost confidence in the computer sector, particularly benefiting companies previously affected by tariff sentiments and those in the AI industry chain and fintech segments [6][7]. - The report emphasizes the importance of companies with core technology, high growth potential, and domestic substitution capabilities for long-term investment [6][7]. - The computer sector's foreign revenue is approximately 12%, indicating limited direct impact from tariff policies, while holdings in the sector are at a historical low, suggesting potential for valuation recovery [7][8]. Summary by Sections Investment Highlights - The report notes that the computer sector achieved a total revenue of RMB 286.03 billion in Q1 2025, representing a year-on-year increase of 15.25%, with net profit attributable to shareholders rising by 193.52% [8]. - The report identifies key companies for investment, including Streamax Technology, Autel Intelligent Technology, and Beijing Kingsoft Office Software, among others [6][8]. Market Dynamics - The report highlights that the demand for IT investments from downstream clients is expected to continue rising, supported by domestic policy efforts and economic recovery [8]. - The growth logic of the sector is further strengthened by technological iterations and demand recovery, particularly in AI applications and domestic chip development [9].