Core Viewpoint - 瑞鹄模具 is experiencing significant growth in its smart manufacturing equipment business, with a focus on intelligent collaborative robots and partnerships with major companies like Yaskawa Electric [1][3]. Group 1: Company Developments - 瑞鹄模具 hosted institutional research from firms such as Ruifeng Fund and Guotai Junan Securities, discussing its convertible bond fundraising projects and production capacity planning [1]. - The company highlighted its intelligent collaborative robot business, which is being applied in automotive manufacturing, parts production, and general industrial sectors [1]. - 瑞鹄模具 is collaborating with Yaskawa Electric to develop high-end products in the robotics field [1]. Group 2: Financial Performance - For the first three quarters of 2025, 瑞鹄模具 reported total revenue of 2.604 billion yuan and a net profit of 355 million yuan, both exceeding the total figures for 2024 and representing a year-on-year growth of over 40% [3]. - The company has a backlog of orders worth 4.38 billion yuan in its automotive manufacturing equipment business, reflecting a 13.59% increase compared to the end of 2024 [3]. - The production capacity utilization rate remains high, with some production lines operating at full capacity [3]. Group 3: Stock Performance - As of February 11, 2026, 瑞鹄模具's stock price closed at 35.09 yuan, with a cumulative increase of 1.98% over the past five days, although it has seen a year-to-date decline of 6.18% [2]. - On February 10, there was a net outflow of 1.1128 million yuan from major funds, while retail funds saw a net inflow of 2.6558 million yuan, alongside a significant block trade of 6.9143 million yuan [2]. - Technical indicators show that the stock is in a consolidation phase, with a 20-day Bollinger Band resistance level at 39.71 yuan and a support level at 33.5 yuan, while the MACD indicator remains negative [2].

Investment Rating - The investment rating for the industry is "Positive" (maintained) [2] Core Insights - In January 2026, the heavy truck market showed a strong wholesale performance with approximately 100,000 units sold, marking a significant increase of about 39% compared to the same month last year [5][13] - The terminal sales for heavy trucks are expected to decline by 5% to 10% year-on-year, with a severe drop of over 85% in the new energy truck segment [5][13] - NIO is projected to achieve an adjusted operating profit of 700 million to 1.2 billion RMB in Q4 2025, marking its first positive quarterly adjusted operating profit [17] - The automotive sector is experiencing a shift towards high-end luxury vehicles, with domestic demand exceeding expectations [7] - The automotive parts sector is expected to see an upward turning point in profitability due to industry consolidation and downstream expansion [7] Summary by Sections Industry Key News - In January 2026, the heavy truck market's wholesale sales reached around 100,000 units, with terminal sales expected to decline year-on-year [5][13] - NIO anticipates an adjusted operating profit of 700 million to 1.2 billion RMB for Q4 2025 [17] - BYD plans to localize 50% of its parts manufacturing in Brazil by the end of 2026 [19] - Tesla is transitioning to humanoid robot production, with a long-term business value projected at 25 trillion USD [20] Market Performance - The A-share automotive sector outperformed the broader market with a weekly increase of 0.47%, ranking 10th among major sectors [24] - The commercial vehicle index rose by 1.34%, led by Jinlong Automobile and Foton Motor [6][29] - The automotive parts sector saw a 0.58% increase, with significant gains from companies like Xingmin Zhitong and Yinlun [6][32] Investment Recommendations - For passenger vehicles, high-end domestic brands like JAC Motors and Seres are recommended due to strong demand and favorable competition [7] - In the automotive parts sector, companies such as Desay SV and Zhejiang Xiantong are highlighted for their growth potential [7]

Group 1 - The core viewpoint of the article is that the company, 瑞鹄模具, is considering overseas investment development based on customer business growth and market layout, along with other relevant factors [2] Group 2 - The company is engaging with stakeholders to assess the impact of market conditions on its investment strategies [2] - The decision-making process for overseas investments will be comprehensive, taking into account various influencing elements [2]

Core Viewpoint - The company is actively involved in the production of automotive parts, with ongoing development and iteration of new vehicle models by the main manufacturers [1] Group 1: Business Operations - The company is undertaking a variety of automotive parts production, which includes multiple vehicle models and categories [1] - The company is coordinating capacity, production preparation, and resource assurance based on overall planning and market development progress [1] Group 2: Future Prospects - The ongoing construction of the "lightweight body components project for new energy vehicles" is expected to enhance the company's production capacity and business scale once all production lines are installed and debugged [1]

Core Viewpoint - The company, Ruihu Mould (002997), is actively working to optimize its gross margin through various strategies, including product mix optimization, cost control, technological innovation, and enhancing economies of scale [1] Group 1: Gross Margin Influences - The company's gross margin is influenced by multiple factors such as product structure, raw material costs, and market competition [1] Group 2: Strategic Measures - The company is implementing measures to continuously improve its gross margin, including optimizing the product mix and strengthening cost management [1] - The company is promoting technological innovation and enhancing economies of scale as part of its strategy [1] Group 3: Investment Projects - The company's convertible bond fundraising project, "Key Materials for Large Precision Covering Moulds Intelligent Additive Manufacturing Project (Phase I)," aims to accelerate the self-sufficiency of raw materials and reduce the overall cost of moulds [1]

Core Viewpoint - The company indicates that the overall impact of rising bulk material prices is minimal, and it is actively monitoring price trends while implementing measures to manage costs and enhance competitiveness [1] Group 1: Company Response to Material Price Changes - The company has signed price framework agreements with suppliers to control comprehensive business costs within a reasonable range [1] - The company will implement a raw material price linkage mechanism to adjust product sales prices accordingly [1] Group 2: Innovation and Competitiveness - The company is actively promoting the research and application of various new technologies and processes to enhance its overall competitive capability [1]

证券日报网2月6日讯，瑞鹄模具（002997）在接受调研者提问时表示，公司智能协作机器人主要应用于 汽车制造、汽车零部件生产及一般工业领域，其核心优势在于适应动态场景，实现灵活、高效的自动化 作业。具体应用场景包括：汽车焊装自动化生产线、线边仓储与物流搬运、"黑灯工厂无人化制造"以及 柔性生产线物流。此外公司正联合安川电机开发高端复合式移动协作机器人，未来有望拓展至更广泛的 工业场景。 ...

Core Viewpoint - The company, Ruihu Mould (002997), maintains a high capacity utilization rate and has a solid order backlog, indicating strong market demand and stable relationships with core customers [1] Group 1 - The current capacity utilization rate of the company is at a high level [1] - Some production lines are fully loaded, reflecting efficient operations [1] - The company has a sufficient order backlog, providing a solid foundation for digesting new capacity [1] Group 2 - The company has established stable cooperative relationships with core customers [1] - Market demand is clear, supporting the company's growth prospects [1]

Group 1 - The company, Ruihu Mould (002997), has indicated that over 20% of its total employees are engaged in research and development [1] - The company has established partnerships for industry-university-research collaboration with several universities, including Hefei University of Technology, Huazhong University of Science and Technology, Anhui University of Engineering, and University of Science and Technology of China [1]

Core Viewpoint - The company, Ruihu Mould (002997), emphasizes its core advantages in the new energy sector, highlighting its forward-looking layout, high-precision technical barriers, and integrated service capabilities in "equipment + components" [1] Group 1: Company Advantages - The company focuses on the new energy track, which provides a strategic advantage over traditional peers [1] - It possesses a strong market-oriented capability as an independent supplier [1] - The company has made breakthroughs in lightweight die-casting and intelligent manufacturing, establishing a closed-loop ecosystem that includes mould design and integrated welding lines to supply integrated die-cast parts [1] Group 2: Technical and Operational Strengths - The technical universality and capacity reuse of the company are significantly better than the industry average [1]