2024 年度集体业绩说明会的公告 证券代码：002970 证券简称：锐明技术 公告编号：2025-032 深圳市锐明技术股份有限公司 关于参加深圳证券交易所"智脑赋能·逐梦新蓝海" 二、投资者问题征集方式 为充分尊重投资者、提升交流的针对性，现就本次业绩说明会提前向投资者 公开征集问题，广泛听取投资者的意见和建议。投资者可提前登录深交所"互动 易"平台（http://irm.cninfo.com.cn）"云访谈"栏目进入本次业绩说明会页面，或扫 描二维码（附后）进入问题征集专题页面进行提问。公司将在本次业绩说明会上 对投资者普遍关注的问题进行回答。 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。 深圳市锐明技术股份有限公司（以下简称"公司"）将于 2025 年 5 月 21 日 （星期三）15:00－17:00 参加由深圳证券交易所组织召开的以"智脑赋能·逐梦 新蓝海"为主题的集体业绩说明会活动，现将有关事项公告如下： 一、本次业绩说明会的安排 1、召开时间：2025 年 5 月 21 日（星期三）15:00－17:00 2、召开地点：深圳证券交易所 8 楼 ...

编号：2025-002 | | □分析师会议 □特定对象调研 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □路演活动 □新闻发布会 | | | □现场参观 □反路演 | | | ☑其他（线上会议） 华泰资产管理有限公司、上海山楂树甄琢资产管理中心（有限合伙）、红杉资本股权投 | | | 管理有限公司、宏利基金管理有限公司、招商信诺资产管理有限公司、发展研究中心、 | | | 资管理(天津)有限公司、PINPOINT ASSET MANAGEMENT LIMITED、佛山市东盈投资 | | | 中信保诚基金管理有限公司、招银理财有限责任公司、新华基金管理股份有限公司、长 | | | 城财富资产管理股份有限公司、西南证券股份有限公司、浙商证券、上海混沌投资（集 | | | 团）有限公司、国寿安保基金管理有限公司、上海道合私募基金管理有限公司、博时基 | | 参与单位名称 | 金管理有限公司、汇添富基金管理股份有限公司、杭州萧山泽泉投资管理有限公司、建 | | | 信基金管理有限责任公司、中国人寿资产管理有限公司、平安基金管理有限公司、诺德 | | | 基金管 ...

证券代码：002970 证券简称：锐明技术 公告编号：2025-030 深圳市锐明技术股份有限公司 关于 2022 年股票期权激励计划预留授予第二批次 第二个行权期采用自主行权模式的提示性公告 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、误导性陈述或重大遗漏。 重要内容提示： 公司 2022 年股票期权激励计划（以下简称"本次激励计划"）预留授予 第二批次期权简称：锐明 JLC4；期权代码：037348； 公司本次激励计划预留授予第二批次第二个行权期符合行权条件的激励 对象共 38 名，可行权的股票期权数量共计 24.25 万份，行权价格为 20.26 元/份； 本次行权采用自主行权模式； 公司本次激励计划预留授予第二批次第二个行权期实际可行权期限为 2025 年 5 月 9 日起至 2026 年 4 月 24 日止； 本次可行权股票期权若全部行权，公司股份分布仍具备上市条件。 深圳市锐明技术股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召 开第四届董事会第十一次会议、第四届监事会第十一次会议，分别审议通过了《关 于 2022 年股票期权激励计划预留授予第二批 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company has significant growth potential in the commercial vehicle information technology sector, with a notable increase in product value due to continuous technological iterations. Compared to its US counterpart, Samsara, the company's valuation is significantly lower, indicating potential for upward valuation adjustments in the future [1][3]. Summary by Relevant Sections Financial Performance - In 2024, the company achieved total revenue of 2.777 billion yuan, a year-on-year increase of 63.45%, and a net profit attributable to shareholders of 290 million yuan, up 184.50%. In Q1 2025, the company reported revenue of 515 million yuan, a year-on-year increase of 2.53%, and a net profit of 101 million yuan, up 89.60% [3][8]. - The company's domestic revenue in 2024 was 693 million yuan, a year-on-year increase of 14.80%, while overseas revenue reached 1.281 billion yuan, up 44.99%. Revenue from commercial vehicle information technology products was 1.671 billion yuan, an increase of 25.99% [8]. Market Expansion and Strategy - The company has established a localized marketing network and a dual-brand strategy, particularly making strides in the European commercial vehicle market, which has enhanced its competitiveness in international markets. Plans are in place to establish subsidiaries in more countries and regions to deepen its global business network [8]. - The company is committed to a global strategy, with significant improvements in production efficiency and quality control at its smart factory in Vietnam, which has gained recognition from clients in various regions [8]. Research and Development - The company continues to invest in R&D, with R&D expenses amounting to 284 million yuan in 2024, a year-on-year increase of 15.14%. The R&D expense ratio decreased from 16.57% in 2023 to 14.37% in 2024, indicating improved efficiency [8]. - The company has integrated AI algorithms with 5G and vehicle networking technologies, transitioning its products from "passive monitoring" to "active warning" and "active intervention," aligning better with industry demands for safety and efficiency [8]. Profitability Forecast - The company is expected to achieve net profits of 406 million yuan, 526 million yuan, and 717 million yuan for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 40%, 30%, and 36%. The corresponding price-to-earnings ratios are projected to be 21, 17, and 12 times [8].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price based on the last closing price of 49.00 [1] Core Insights - The company achieved significant breakthroughs in its pre-installation business, leading to rapid profit growth in Q1 2025 [1][6] - In 2025, the company reported total revenue of 2.777 billion yuan, a year-on-year increase of 63.45%, and a net profit attributable to shareholders of 290 million yuan, up 184.50% year-on-year [4][7] - The company's main business revenue reached 1.974 billion yuan in 2025, growing by 32.73%, with overseas revenue showing a remarkable increase of 44.99% [5] Financial Performance - The company’s gross profit margin improved to 47.95%, an increase of 2.85 percentage points year-on-year [5] - R&D expenses for 2024 were 284 million yuan, a 15.14% increase, while the R&D expense ratio decreased from 16.57% in 2023 to 14.37% in 2024 [5] - The company’s Q1 2025 gross margin was 47.71%, reflecting a year-on-year increase of 5.49 percentage points [5] Revenue Forecast - The company is projected to achieve revenues of 2.634 billion yuan, 3.394 billion yuan, and 4.242 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 413 million yuan, 590 million yuan, and 797 million yuan for the same years [6][7]

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 50.39 CNY [7]. Core Insights - The company achieved significant revenue growth in 2024, with total revenue reaching 2.777 billion CNY, a year-on-year increase of 63.45%. The net profit attributable to shareholders was 290 million CNY, up 184.50% year-on-year [1]. - In Q1 2025, the company reported revenue of 515 million CNY, a 2.53% increase year-on-year, and a net profit of 101 million CNY, reflecting an 89.60% year-on-year growth [1]. - The company has strategically divested its low-margin electronic product processing subsidiary, leading to a notable increase in gross margin, which reached 47.7% in Q1 2025, up 4.2 percentage points year-on-year [2]. - The company is actively embracing AI technology, launching the "Vision Zero Booster" safety solution, which integrates AI with hardware for comprehensive safety management [3]. - The dual policy drive from domestic and international markets is accelerating the company's global market expansion, particularly in the commercial vehicle safety and information sectors [4]. - The company is expected to benefit from the integration of AI technology and its extensive industry experience, with projected net profits of 449 million CNY, 611 million CNY, and 793 million CNY for 2025, 2026, and 2027, respectively [4]. Financial Summary - For 2024, the company reported total revenue of 2,777 million CNY, with a projected revenue decrease of 8.7% to 2,536 million CNY in 2025, followed by a recovery to 3,217 million CNY in 2026 and 4,005 million CNY in 2027 [6][10]. - The net profit attributable to shareholders is forecasted to grow from 290 million CNY in 2024 to 449 million CNY in 2025, 611 million CNY in 2026, and 793 million CNY in 2027, indicating a strong growth trajectory [6][10]. - The earnings per share (EPS) are projected to increase from 1.64 CNY in 2024 to 2.53 CNY in 2025, reaching 3.45 CNY in 2026 and 4.47 CNY in 2027 [6][10].

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 50.39 CNY [7]. Core Insights - The company achieved significant growth in 2024, with revenue reaching 2.777 billion CNY (up 63.45% year-on-year), and net profit attributable to shareholders at 290 million CNY (up 184.50% year-on-year) [1]. - In Q1 2025, the company reported revenue of 515 million CNY (up 2.53% year-on-year) and a net profit of 101 million CNY (up 89.60% year-on-year) [1]. - The company is actively embracing AI technology, launching the "Vision Zero Booster" solution aimed at enhancing safety through AI and hardware integration [3]. - The company has divested its low-margin electronic product processing subsidiary, leading to a significant increase in gross margin, which reached 47.7% in Q1 2025, up 4.2 percentage points year-on-year [2]. - The company is positioned to benefit from domestic and international policy support, particularly in the commercial vehicle safety and information technology sectors, with a focus on expanding its global market presence [4]. Financial Summary - The company forecasts net profits of 449 million CNY, 611 million CNY, and 793 million CNY for 2025, 2026, and 2027 respectively, with corresponding EPS of 2.53 CNY, 3.45 CNY, and 4.47 CNY [4][6]. - The projected PE ratios for the company are 20, 15, and 11 for the years 2025, 2026, and 2027 respectively [4][6]. - The company’s revenue is expected to decline to 2.536 billion CNY in 2025 before rebounding to 3.217 billion CNY in 2026 and 4.005 billion CNY in 2027 [6][11].

Core Insights - The company achieved a revenue of 2.78 billion in 2024, representing a year-on-year growth of 63.5%, with a net profit attributable to shareholders of 290 million, up 184.5% [1] - In Q1 2025, the company reported a revenue of 510 million, a 2.5% increase year-on-year, and a net profit of 100 million, reflecting an 89.6% growth [1] Revenue and Profit Growth - The company’s domestic business stabilized while overseas business experienced high growth, driving significant revenue and profit increases [1] - The company’s revenue projections for 2025-2027 are 2.634 billion, 3.387 billion, and 4.295 billion respectively, with net profits expected to be 391 million, 506 million, and 663 million [4] Operational Efficiency and Profitability - The company’s operational efficiency and profitability have improved, with a non-GAAP net profit margin of 9.7% in 2024, up 4.3 percentage points year-on-year [2] - In Q1 2025, the non-GAAP net profit margin reached 15.6%, an increase of 5.8 percentage points, driven by improved gross margins and reduced expense ratios [2] Business Segmentation and Growth - In 2024, the company saw significant growth across various sectors, with pre-installation business growing by 119.8% and other businesses by 279% [3] - Domestic revenue was 693 million, a 14.8% increase, while overseas revenue reached 1.281 billion, up 44.99% [3] Future Outlook - The company is expected to maintain a "buy" rating, with projected earnings per share (EPS) of 2.21, 2.86, and 3.74 for 2025-2027, corresponding to price-to-earnings (PE) ratios of 23, 17, and 13 [4]

证券代码：002970 证券简称：锐明技术 公告编号：2025-024 深圳市锐明技术股份有限公司 关于注销 2024 年股票期权激励计划 部分已授予但尚未行权的股票期权的公告 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 23 日 召开第四届董事会第十一次会议、第四届监事会第十一次会议，分别审议通过 了《关于注销 2024 年股票期权激励计划部分已授予但尚未行权的股票期权的 议案》，根据《上市公司股权激励管理办法》（以下简称"《管理办法》"） 等法律法规、公司《2024 年股票期权激励计划（草案）》（以下简称"《激励 计划》"）的规定以及公司 2023 年年度股东大会的授权，同意公司注销 2024 年股票期权激励计划（以下简称"本次激励计划"）部分已授予但尚未行权的 3.00 万份股票期权。具体事项公告如下： 一、本次激励计划已履行的相关审批程序和信息披露情况 1、2024 年 4 月 22 日，公司第三届董事会第二十四次会议和第三届监事会 第二十三次会议分别审议通过了《关于<深圳市锐 ...

深圳市锐明技术股份有限公司 2024 年股票期权激励计划第一个行权期 符合行权条件的激励对象名单 根据深圳市锐明技术股份有限公司第四届董事会第十一次会议审议通过的 《关于 2024 年股票期权激励计划第一个行权期行权条件成就的议案》，2024 年 股票期权激励计划第一个行权期符合行权条件的激励对象名单如下： 注：（1）因公司 2022 年股票期权激励计划预留授予第二批次第一个行权期、首次授予部分第二个行 权期及预留授予第一批次第二个行权期尚处于自主行权阶段，上表中"当前公司总股本"采用公司截至 2025 年 4 月 18 日的总股本数量。 （2）本次激励计划的激励对象不包括公司独立董事、监事及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）上表数据已剔除离职人员。 二、核心管理人员及核心技术（业务）人员名单 | 序号 | 姓名 | 职务 | | --- | --- | --- | | 1 | 朱晓松 | 核心管理人员及核心技术（业务）人员 | | 2 | 杨志建 | 核心管理人员及核心技术（业务）人员 | | 3 | 董敏 | 核心管理人员及核心技术（业务）人员 | | 4 ...