Core Viewpoint - The company has approved a profit distribution plan for the fiscal year 2024, proposing a cash dividend of 3.00 RMB per 10 shares to all shareholders, based on a total share capital of 209,321,325 shares as of December 31, 2024 [1][2]. Profit Distribution Plan - The profit distribution plan involves a cash dividend of 3.00 RMB per 10 shares (including tax) for all shareholders, with specific tax implications for different types of investors [2]. - For Hong Kong market investors and certain foreign institutions, the cash dividend after tax will be 2.70 RMB per 10 shares [2]. - The distribution will be adjusted if there are changes in the total share capital before the record date [1]. Dividend Payment Date and Recipients - The dividend payment will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch as of May 27, 2025 [2]. Distribution Method - The cash dividends will be directly credited to the shareholders' accounts through their securities companies or other custodians [3]. Adjustment of Related Parameters - Following the profit distribution, the minimum selling price for shareholders who committed to not selling below the initial public offering price will be adjusted from 12.48 RMB to 11.18 RMB per share [3]. Contact Information - For inquiries regarding the profit distribution, shareholders can contact the company's board office [4][5].

证券代码：002997 证券简称：瑞鹄模具 公告编号：2025-036 瑞鹄汽车模具股份有限公司（以下简称"公司"或"本公司"）2024 年年度利润 分配方案已经 2025 年 4 月 14 日召开的 2024 年年度股东大会审议通过。现将权益分派 事宜公告如下： 一、股东大会审议通过利润分配方案情况 1．2025 年 4 月 14 日，公司召开了 2024 年年度股东大会，会议审议通过《关于 公司 2024 年度利润分配预案的议案》，实施利润分配方案如下："公司拟以截至 2024 年 12 月 31 日的总股本 209,321,325 股为基数，向全体股东每 10 股分配现金红利 3.00 元（含税），不送红股，不以资本公积金转增股本。本次利润分配总额为人民币 62,796,397.50 元，占 2024 年度归属于母公司所有者的净利润的 17.93%，本次派发现 金红利后剩余未分配利润结转至以后年度。"在实施权益分派的股权登记日前若公司 总股本发生变动的，将按照每股分配金额不变的原则对分配总额进行调整。本次股东 大会决议公告已于 2025 年 4 月 15 日刊登在《证券时报》《中国证券报》和巨潮资讯 网 ...

Group 1 - The core point of the news is that the controlling shareholder of Ruihu Mould, Wuhu Hongbo Mould Technology Co., Ltd., plans to reduce its stake in the company due to funding needs, intending to sell up to 4.0189 million shares, which represents 1.92% of the total share capital [1] - Ruihu Mould was listed on the Shenzhen Stock Exchange on September 3, 2020, with an initial public offering of 45.9 million shares at a price of 12.48 yuan per share [1] - The total amount raised from Ruihu Mould's initial public offering was 573 million yuan, with a net amount of 496 million yuan after deducting issuance costs [2] Group 2 - Of the funds raised from the initial public offering, 258 million yuan is allocated for upgrading and expanding large precision covering moulds for mid-to-high-end passenger vehicles, while 186 million yuan is designated for the construction of an automated production line for body welding based on robotic system integration [2] - Ruihu Mould issued convertible bonds in June 2022, raising a total of 439.8 million yuan, with a net amount of approximately 432.89 million yuan after deducting issuance costs [2] - The total amount of funds raised by Ruihu Mould since its listing is 1.013 billion yuan [3]

瑞鹄汽车模具股份有限公司 关于控股股东减持股份计划的预披露公告 证券代码：002997 证券简称：瑞鹄模具 公告编号：2025-035 控股股东芜湖宏博模具科技有限公司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： 持有瑞鹄汽车模具股份有限公司（以下简称"公司"或"本公司"）股份 63,797,900 股（占公司总股本比例 30.48%）的股东芜湖宏博模具科技有限公司 （以下简称"宏博科技"），计划在本公告披露之日起 15 个交易日后的 3 个月内 以集中竞价方式或者大宗交易方式合计减持本公司股份不超过 401.89 万股（占 公司总股本比例 1.92%）。减持期间如遇送股、资本公积金转增股本、配股、回 购等股本变动事项的，上述拟减持股份数量将做相应调整。 公司近日收到控股股东宏博科技出具的《宏博科技关于减持瑞鹄汽车模具股 份有限公司股份计划的告知函》。现将有关情况公告如下： 一、 股东的基本情况 1、股东名称：芜湖宏博模具科技有限公司。 2、股东持股情况：截至本公告披露日，宏博科技持有公司股份 ...

Core Viewpoint - The company reported strong Q1 2025 performance with a net profit of 0.97 billion yuan, meeting expectations, and is positioned to benefit from the robotics industry in Anhui and Chery [1][5]. Financial Performance - Q1 2025 revenue reached 7.5 billion yuan, showing a year-on-year increase of 47.8% and a quarter-on-quarter increase of 7.0% [1]. - The equipment business generated 4.9 billion yuan in revenue, up 23.6% year-on-year, while the parts business saw revenue of 2.4 billion yuan, a significant increase of 155% year-on-year, driven by Chery's Q1 sales of 620,000 vehicles, up 17.1% year-on-year [1]. - The net profit attributable to shareholders was 0.97 billion yuan, with a year-on-year increase of 28.5% but a slight quarter-on-quarter decrease of 0.3% [1]. - The gross profit margin stood at 25.0%, with a year-on-year increase of 1.3 percentage points, remaining stable compared to the previous year [1]. Cost Structure - The total expense ratio for Q1 2025 was 8.4%, reflecting a decrease of 3.3 percentage points year-on-year [2]. Order Backlog - As of the end of Q1 2025, the company had an order backlog exceeding 4.2 billion yuan, indicating strong growth compared to 3.86 billion yuan at the end of 2024 [3]. Strategic Initiatives - The company established a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robotics Co., Ltd., to deepen its involvement in the robotics industry, focusing on the development and production of industrial and intelligent robots [4]. - The company aims to enhance its system integration capabilities in the automotive manufacturing sector and is working on smart collaborative robots and automated production lines [4]. Investment Outlook - The company is positioned as a core supplier within Chery's supply chain, with a favorable outlook on the potential value release from its robotics "option" [5]. - Projected net profits for 2025-2027 are estimated at 4.50 billion yuan, 5.45 billion yuan, and 6.77 billion yuan, representing year-on-year growth rates of 29%, 21%, and 24% respectively [5].

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company's Q1 2025 performance met expectations, with revenue of 750 million yuan, a year-on-year increase of 47.8% and a quarter-on-quarter increase of 7.0%. The net profit attributable to the parent company was 100 million yuan, up 28.5% year-on-year but down 0.3% quarter-on-quarter [1] - The strong performance is attributed to increased downstream demand and the accelerated release of new product capacity. The domestic new energy vehicle sales in Q1 reached 3.075 million units, a year-on-year increase of 47%, with Chery's sales at 620,000 units, up 17.1% year-on-year, including 164,000 new energy vehicles, which saw a significant increase of 172% year-on-year [1] - The company has a robust order backlog, with 3.9 billion yuan in hand orders as of the end of 2024, representing a year-on-year increase of 13%, which supports future growth [2] Financial Performance - For the fiscal year 2023, the company reported revenue of 1.877 billion yuan, with a year-on-year growth rate of 60.7%. The net profit attributable to the parent company was 202 million yuan, reflecting a year-on-year growth of 44.4% [4] - The projected net profits for 2025, 2026, and 2027 are 450 million yuan, 556 million yuan, and 712 million yuan, respectively, with corresponding price-to-earnings (PE) ratios of 18, 15, and 11 [3] - The company is expected to maintain a gross profit margin of 25.0% in Q1 2025, which is an increase of 1.3 percentage points year-on-year [1] Business Development - The company has launched four integrated die-casting products and three dynamic total parts models, supplying 770,000 parts, which is a year-on-year increase of 125%. The supply of welding parts reached 58.88 million units, up 210% year-on-year [2] - The establishment of a wholly-owned subsidiary focused on industrial and intelligent robot manufacturing aims to tap into the growing robotics market, aligning with regional development plans [2]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company's Q1 2025 performance met expectations, with revenue of 750 million yuan, a year-on-year increase of 47.8%, and a net profit of 100 million yuan, up 28.5% year-on-year [1] - The strong performance is attributed to increased downstream demand and the accelerated release of new product capacities [1] - The company has a robust order backlog of 3.9 billion yuan, ensuring future growth [2] - The establishment of a subsidiary focused on robotics is seen as a new growth driver, aligning with regional industrial development plans [2] Financial Performance Summary - Revenue projections for 2025-2027 are 3.8 billion, 4.7 billion, and 6.0 billion yuan, respectively, with corresponding net profits of 450 million, 556 million, and 712 million yuan [3][4] - The company’s gross margin for Q1 2025 was 25.0%, a year-on-year increase of 1.3 percentage points [1] - The projected P/E ratios for 2025-2027 are 18, 15, and 11 times, indicating a favorable valuation trend [3][4] Business Development Summary - The company has launched four integrated die-casting products and three dynamic total parts, with supply quantities increasing significantly [2] - The lightweight business has 16 models in mass production and three projects under development, with ongoing capacity expansion to meet customer demand [2] - The robotics subsidiary aims to tap into the growing market, with the local industry showing significant output and growth potential [2]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company reported a significant increase in net profit for Q1 2025, reaching 97 million yuan, a year-on-year increase of 28.49% [2] - Revenue for Q1 2025 was 747 million yuan, up 47.76% year-on-year and 6.98% quarter-on-quarter, driven by increased mold deliveries and concentrated deliveries of the ZhiJie R7 [2] - The gross margin for Q1 2025 was 25.00%, an increase of 1.26 percentage points year-on-year, while the net margin was 14.88%, a decrease of 1.37 percentage points year-on-year [2] Financial Performance Summary - The company expects total revenue to grow from 2,424 million yuan in 2024 to 5,880 million yuan in 2027, with a compound annual growth rate (CAGR) of 27.55% [4] - The projected net profit for 2025 is 450 million yuan, with an EPS of 2.15 yuan, and a P/E ratio of 17.94 [4] - The automotive parts business is rapidly expanding, with a backlog of orders amounting to 3.856 billion yuan as of 2024, a 12.78% increase from the previous year [3] Investment and Expansion Plans - The company plans to issue 880 million yuan in convertible bonds to accelerate the expansion of its lightweight automotive components and intelligent manufacturing systems [3] - The company is enhancing its capabilities in AI technology for mold design and developing smart collaborative robots to improve production efficiency [3]

Investment Rating - The report maintains a "Recommended" rating for the company, with a target price based on the closing price of 38.60 yuan on April 23, 2025 [6]. Core Views - The company's Q1 2025 performance met expectations, with revenue of 747 million yuan, a year-on-year increase of 47.76%, and a net profit attributable to shareholders of 97 million yuan, up 28.49% year-on-year [1][2]. - The company is accelerating its robot business expansion by establishing a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robot Co., Ltd., which will cover manufacturing, research, and sales [3]. - The equipment business has a robust order backlog of 3.856 billion yuan, reflecting a year-on-year increase of 12.78%, indicating strong demand and capacity utilization [3]. Summary by Sections Financial Performance - In Q1 2025, the company achieved a gross margin of 25.00%, with a net profit margin of 14.88%. The sales, management, R&D, and financial expense ratios were 0.69%, 3.84%, 3.93%, and -0.05%, respectively [2]. - The company forecasts revenues of 3.459 billion yuan, 4.458 billion yuan, and 5.562 billion yuan for 2025, 2026, and 2027, respectively, with net profits of 454 million yuan, 580 million yuan, and 724 million yuan for the same years [5][10]. Business Development - The company is responding to the "Action Plan for the Development of Humanoid Robot Industry in Anhui Province (2024-2027)" by enhancing its robot manufacturing capabilities [3]. - The lightweight component business has entered mass production, with significant year-on-year growth in supply quantities, indicating a strong ramp-up in production capacity [3]. Investment Outlook - The report projects earnings per share (EPS) of 2.17 yuan, 2.77 yuan, and 3.46 yuan for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (PE) ratios of 18, 14, and 11 [4][5].

Investment Rating - The report maintains a "Recommended" rating for the company, with a target price based on the closing price of 38.60 yuan on April 23, 2025 [6]. Core Views - The company's Q1 2025 performance met expectations, with revenue of 747 million yuan, a year-on-year increase of 47.76%, and a net profit attributable to shareholders of 97 million yuan, up 28.49% year-on-year [1][2]. - The company is accelerating its robot business expansion by establishing a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robot Co., Ltd., which will cover manufacturing, research, and sales [3]. - The equipment business has a robust order backlog of 3.856 billion yuan, reflecting a year-on-year increase of 12.78%, indicating strong demand and capacity utilization [3]. Summary by Sections Financial Performance - In Q1 2025, the company achieved a gross margin of 25.00%, with a net profit margin of 14.88%. The sales, management, R&D, and financial expense ratios were 0.69%, 3.84%, 3.93%, and -0.05%, respectively [2]. - Revenue projections for 2025-2027 are estimated at 3.46 billion, 4.46 billion, and 5.56 billion yuan, with net profits of 450 million, 580 million, and 720 million yuan, respectively [4][5]. Business Development - The company is responding to the "Human Robot Industry Development Action Plan (2024-2027)" issued by the Anhui Provincial Department of Industry and Information Technology, aiming to build a significant industrial development hub by 2027 [3]. - The lightweight component business has entered mass production, with significant year-on-year growth in supply quantities, indicating a strong ramp-up in production capacity [3]. Valuation Metrics - The expected earnings per share (EPS) for 2025, 2026, and 2027 are projected to be 2.17 yuan, 2.77 yuan, and 3.46 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 18, 14, and 11 [4][5].