深圳市锐明技术股份有限公司 关于选举第四届董事会职工代表董事 证券代码：002970 证券简称：锐明技术 公告编号：2025-075 及更新经理、副经理职务名称的公告 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。 副经理 ：刘垒先生、胡修彪先生、李恒先生。 特此公告。 深圳市锐明技术股份有限公司 一、选举第四届董事会职工代表董事的情况 根据《中华人民共和国公司法》《深圳证券交易所股票上市规则》《深圳证 券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律法规、 规范性文件及《公司章程》的有关规定，深圳市锐明技术股份有限公司（以下简 称"公司"）于 2025 年 9 月 8 日召开了工会委员会 2025 年第二次会议，经与会 工会委员审议，会议同意选举黄凯明先生为公司第四届董事会职工代表董事（简 历详见附件）。黄凯明先生由第四届董事会非独立董事变更为第四届董事会职工 代表董事，任期至第四届董事会任期届满之日止。 本次选举完成后，公司董事会中兼任公司高级管理人员以及由职工代表担任 的董事人数总计未超过公司董事总人数的二分之一，符合相关法律法规及 ...

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 年第二次临时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省）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 9 月 8 日召开的 2025 年第二次 临时股东会（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： 1. 经公司 2024 年 10 月 22 日召开的第四届董事会第五次会议、2024 年 11 月 7 日召开的 2024 年第一次临时股东大会审议通过的《深圳市锐明技术股份有限 ...

证券代码：002970 证券简称：锐明技术 公告编号：2025-074 深圳市锐明技术股份有限公司 2025 年第二次临时股东会决议公告 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）网络投票时间：2025 年 9 月 8 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 9 月 8 日 9:15—9:25、9:30—11:30 和 13:00—15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 9 月 8 日 9:15—15:00 任意时间。 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 1、召开时间： （1）现场会议召开时间：2025 年 9 月 8 日（星期一）下午 15:30； 2、现场出席会议情况 出席本次股东会现场会议的股东 6 人，代表股份 95,882,061 股，占公司有表 决权股份总数的 53.7163％。 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 ...

Group 1 - The core viewpoint of the article highlights the performance of the AI Fund Xingquan Green Investment Mixed (LOF), which reported a profit of 223 million yuan in the first half of 2025, with a weighted average profit per fund share of 0.0947 yuan and a net value growth rate of 8.44% [3][35] - As of September 5, 2025, the fund's unit net value was 1.389 yuan, and the fund manager, Zou Xin, oversees two funds that have both achieved positive returns over the past year [3][4] - The fund's performance in terms of net value growth rates places it in the 75th percentile among comparable funds over the last three months, 59th over the last six months, and 62nd over the last year [7][28] Group 2 - The fund's weighted average price-to-earnings (P/E) ratio as of June 30, 2025, was approximately 56.14 times, significantly higher than the industry average of 23.66 times [12] - The weighted average price-to-book (P/B) ratio was about 2.46 times, compared to the industry average of 2.2 times, while the weighted average price-to-sales (P/S) ratio was 1.4 times against an industry average of 1.85 times [12] - The fund's weighted revenue growth rate for the first half of 2025 was 0.07%, and the weighted net profit growth rate was -0.16% [20] Group 3 - As of June 30, 2025, the fund had a total of 163,600 holders, collectively holding 2.236 billion shares, with individual investors accounting for 79.42% of the holdings [38] - The fund's turnover rate over the last six months was approximately 316.46%, consistently higher than the industry average [41] - The top ten holdings of the fund included companies such as Ningde Times, Jifeng Co., and Desay SV [44]

Core Viewpoint - The company has shown a slight increase in revenue with significant improvements in gross and net profit margins, driven by strategic divestitures and growth in its core business segments [2][4]. Financial Performance - In H1 2025, the company achieved revenue of 1.156 billion yuan, a year-on-year increase of 0.29%, and a net profit attributable to shareholders of 203 million yuan, up 64.21% [1]. - In Q2 2025, the company reported revenue of 641 million yuan, a year-on-year decrease of 1.43%, with a net profit of 102 million yuan, reflecting a year-on-year increase of 45.09% [1]. Profitability Metrics - The company's gross margin in H1 2025 was 47.92%, an increase of 7.18 percentage points year-on-year, while the net margin was 17.79%, up 6.92 percentage points year-on-year [2]. - The improvement in margins is attributed to the divestiture of a non-core subsidiary, which has been excluded from the consolidated financial statements since January 1, 2025 [2]. Business Segments - The company's front-end business has experienced rapid growth, generating revenue of 107 million yuan, a year-on-year increase of 198.50%, driven by the demand for products such as European standard blind spot detection systems and electronic rearview mirrors [2]. - The overseas market contributed 769 million yuan in revenue, a year-on-year increase of 27.84%, while the domestic market saw a decline in revenue to 387 million yuan, down 29.77% [2]. Strategic Initiatives - The company is integrating AI algorithms with 5G and vehicle networking technologies to enhance product capabilities from passive monitoring to active warning and intervention, aligning with industry demands for safety and efficiency [3]. - The company is expanding its SaaS business model to provide on-demand software services, lowering customer entry barriers and increasing satisfaction and loyalty [3]. Future Outlook - The company is committed to a global strategy, with improvements in production efficiency and quality control at its Vietnam smart factory, which has gained recognition from regional clients [3]. - The company aims to continue expanding its overseas production capacity and establish new smart manufacturing centers to meet growing international demand [3]. - Projections for net profit attributable to shareholders for 2025-2027 are 406 million, 526 million, and 717 million yuan, representing year-on-year growth rates of 40%, 30%, and 36%, respectively [4].

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company has significant growth potential in the commercial vehicle information technology sector, with room for increased penetration. Continuous technological iterations are expected to enhance the value of individual products. Compared to its US counterpart Samsara, the company's valuation is significantly lower, indicating potential for upward adjustment in valuation [2][6]. Financial Performance - In H1 2025, the company achieved revenue of 1.156 billion yuan, a year-on-year increase of 0.29%, and a net profit attributable to shareholders of 203 million yuan, a year-on-year increase of 64.21%. In Q2 2025, revenue was 641 million yuan, a year-on-year decrease of 1.43%, with a net profit of 102 million yuan, a year-on-year increase of 45.09% [6]. - The company recorded a gross margin of 47.92% in H1 2025, an increase of 7.18 percentage points year-on-year, and a net margin of 17.79%, an increase of 6.92 percentage points year-on-year. This improvement is attributed to the divestiture of a non-core subsidiary, which is no longer included in the consolidated financial statements [12]. Business Growth - The company’s pre-installation business has shown significant growth, with revenue reaching 107 million yuan, a year-on-year increase of 198.50%. The company is actively expanding its European pre-installation customer base, aiming to penetrate the market with high-end products based on artificial intelligence [12]. - The overseas market generated revenue of 769 million yuan, a year-on-year increase of 27.84%, while the domestic market revenue was 387 million yuan, a year-on-year decrease of 29.77%. The decline in the domestic market is primarily due to the divestiture of a low-margin subsidiary [12]. Future Outlook - The company is expected to benefit from the ongoing recovery in industry demand and the implementation of European standards, with multiple business lines anticipated to continue high growth. Projections for net profit attributable to shareholders for 2025-2027 are 406 million, 526 million, and 717 million yuan, representing year-on-year growth rates of 40%, 30%, and 36%, respectively [6]. - The company plans to continue its global strategy, enhancing production efficiency and quality control at its smart factory in Vietnam, which has gained recognition from clients in various regions. Future plans include expanding overseas production capacity and establishing new smart manufacturing centers to meet growing demand [12].

Investment Rating - The investment rating for the company is "Buy" (maintained) [3] Core Insights - The company has shown steady growth in performance, with significant breakthroughs in its front-end business. The overseas business has demonstrated resilience, with overseas revenue reaching 769 million yuan, a year-on-year increase of 27.84%, accounting for 66.51% of total revenue [2] - The company is expected to achieve revenues of 2.718 billion, 3.512 billion, and 4.499 billion yuan for 2025, 2026, and 2027 respectively, with corresponding year-on-year growth rates of -2.15%, +29.22%, and +28.13%. The net profit attributable to the parent company is projected to be 404 million, 531 million, and 710 million yuan for the same years, with growth rates of 39.39%, 31.31%, and 33.72% respectively [2][8] - The company has focused on core business development, leading to improved profitability. The gross margin for the first half of 2025 reached 47.92%, an increase of 7.18 percentage points year-on-year [2][8] Financial Summary - In the first half of 2025, the company achieved revenue of 1.156 billion yuan, a year-on-year increase of 0.29%, and a net profit of 203 million yuan, a significant increase of 64.21% year-on-year. The net profit margin for the first half was 17.57%, up 6.84 percentage points year-on-year [2][8] - The front-end business saw a dramatic increase in revenue, reaching 107 million yuan, a year-on-year surge of 198.50%, contributing to 9.25% of total revenue [2][8] - The company’s total market capitalization is approximately 9,013.26 million yuan, with a closing price of 50.03 yuan per share [4]

Core Viewpoint - Rui Ming Technology (002970) reported a slight increase in total revenue and a significant rise in net profit for the first half of 2025, indicating improved profitability and operational efficiency [1]. Financial Performance - Total revenue for the first half of 2025 reached 1.156 billion yuan, a year-on-year increase of 0.29% [1]. - Net profit attributable to shareholders was 203 million yuan, up 64.21% year-on-year [1]. - In Q2 2025, total revenue was 641 million yuan, a decrease of 1.43% year-on-year, while net profit rose by 45.09% to 102 million yuan [1]. - Gross margin improved to 47.92%, an increase of 21.8% year-on-year, and net margin rose to 17.79%, up 63.59% year-on-year [1]. Cost and Efficiency Metrics - Total selling, administrative, and financial expenses amounted to 220 million yuan, accounting for 19.03% of revenue, a year-on-year increase of 19.75% [1]. - Earnings per share (EPS) increased to 1.15 yuan, a rise of 59.72% year-on-year [1]. - Operating cash flow per share was 0.94 yuan, up 63.63% year-on-year [1]. Balance Sheet Highlights - Cash and cash equivalents increased by 72.62% to 1.315 billion yuan, primarily due to increased bank borrowings [3]. - Short-term borrowings surged by 190.82%, also attributed to increased bank borrowings [3]. - Accounts receivable rose slightly by 2.01% to 463 million yuan [1]. Investment and Market Position - The company's return on invested capital (ROIC) was 15.76% last year, indicating strong capital returns [4]. - Analysts expect the company's performance in 2025 to reach 405 million yuan, with an average EPS forecast of 2.27 yuan [4]. Fund Holdings - The largest fund holding Rui Ming Technology is the Xingquan Green LOF, which holds 1.3516 million shares and has recently entered the top ten holdings [5]. - Other funds have increased their positions, indicating growing interest in the company [5].

Core Insights - The company reported a slight increase in revenue of 0.29% year-on-year, reaching 1.156 billion yuan in the first half of 2025 [2] - Net profit attributable to shareholders increased significantly by 64.21% to 203 million yuan, indicating strong financial performance [2] - The company has divested its controlling stake in Shenzhen Ruiming Technology Co., Ltd., effective January 1, 2025, to focus on its core business [2] Financial Performance - Revenue for the reporting period was 1,155,631,115.30 yuan, compared to 1,152,234,537.86 yuan in the same period last year [1] - Net profit attributable to shareholders was 203,071,747.93 yuan, up from 123,667,372.23 yuan, reflecting a growth of 64.21% [1] - The net profit after deducting non-recurring gains and losses was 178,017,823.18 yuan, a 50.70% increase from 118,127,745.51 yuan [1] Cash Flow and Earnings - The net cash flow from operating activities was 168,400,550.94 yuan, representing a 68.95% increase from 99,677,020.33 yuan [1] - Basic and diluted earnings per share both increased to 1.15 yuan, up 59.72% from 0.72 yuan [1] - The weighted average return on equity rose to 11.17%, compared to 8.55% in the previous year [1] Asset and Equity Position - Total assets at the end of the reporting period were 3,100,933,788.15 yuan, a 1.95% increase from 3,041,484,018.21 yuan at the end of the previous year [1] - Net assets attributable to shareholders increased by 10.48% to 1,861,254,138.19 yuan from 1,684,748,620.81 yuan [1] Business Development - The company experienced rapid growth in its front-mounted business, achieving revenue of 107 million yuan, a year-on-year increase of 198.5% [2] - The company is actively expanding its European front-mounted customer base, aiming to penetrate the market with high-end products based on artificial intelligence technology [2]

Group 1 - The company reported a total revenue of 1.156 billion yuan, an increase of 3.3966 million yuan compared to the same period last year, marking a 0.29% year-on-year growth [1] - The net profit attributable to shareholders reached 203 million yuan, an increase of 79.4044 million yuan year-on-year, reflecting a 64.21% growth [1] - The net cash inflow from operating activities was 168 million yuan, up by 68.95% year-on-year, with an increase of 68.7235 million yuan compared to the same period last year [1] Group 2 - The company's latest debt-to-asset ratio stands at 40.16%, a decrease of 3.06 percentage points from the same period last year [3] - The latest gross profit margin is 47.92%, an increase of 0.21 percentage points from the previous quarter and a 7.18 percentage points increase year-on-year [3] - The return on equity (ROE) is 10.91%, up by 2.47 percentage points compared to the same period last year [3] Group 3 - The diluted earnings per share (EPS) is 1.15 yuan, an increase of 0.43 yuan year-on-year, representing a 59.72% growth [3] - The company's total asset turnover ratio is 0.38 times, and the inventory turnover ratio is 1.26 times [3] - The number of shareholders is 20,100, with the top ten shareholders holding a total of 104 million shares, accounting for 58.40% of the total share capital [3]