Investment Rating - The report maintains a "Recommend" rating for the company [3][5] Core Views - The company's 2024Q4 performance met expectations, with a significant increase in net profit attributable to the parent company, reaching 0.99 billion yuan, up 106.25% year-on-year and 8.79% quarter-on-quarter [1] - The company's equipment manufacturing and lightweight businesses are driving growth, with capacity expansion leading to a substantial year-on-year increase in annual performance [1] - The company's major client, Chery, saw a 35.51% year-on-year increase in sales in 2024Q4, contributing to the company's performance improvement [1] - The company has established a wholly-owned subsidiary to accelerate its robotics business, aligning with the Anhui Province's humanoid robotics industry development plan [2] - The company's equipment business is thriving, with orders totaling 39.30 billion yuan as of 2024H1, a 14.95% increase from the previous year [2] - The company's automotive parts business revenue reached 2.57 billion yuan in 2024H1, a 244.75% year-on-year increase, accounting for 22.97% of total revenue [2] Financial Forecasts - The company's revenue is expected to grow from 2.515 billion yuan in 2024 to 4.458 billion yuan in 2026, with a compound annual growth rate (CAGR) of 28.9% [4][8] - Net profit attributable to the parent company is projected to increase from 349 million yuan in 2024 to 564 million yuan in 2026, with a CAGR of 25.0% [4][8] - Earnings per share (EPS) are forecasted to rise from 1.67 yuan in 2024 to 2.70 yuan in 2026 [4][8] - The company's PE ratio is expected to decrease from 23 in 2024 to 14 in 2026, indicating potential undervaluation [4][8] Business Development - The company is expanding its robotics business through the establishment of a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robotics Co, Ltd, focusing on industrial robot manufacturing and smart robot R&D [2] - The company's lightweight business is expected to benefit from capacity expansion, with a new factory project set to reach operational status by June 2025 [2] - The company is a supplier of integrated die-casting structural parts and stamping parts for the Zhijie R7 model, which saw strong sales performance in 2024M12, contributing to the company's profitability [2]

Financial Performance - The company's net profit attributable to shareholders is expected to be between 33.2 million and 37.2 million yuan, representing a year-on-year growth of 64.14% to 83.92%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 30.5 million and 34.7 million yuan, indicating a growth of 65.33% to 88.10% compared to the previous year[3] - The basic earnings per share are estimated to be between 1.61 yuan and 1.80 yuan, up from 1.08 yuan per share in the same period last year[3] Order Backlog and Growth Prospects - The company had an order backlog of 3.419 billion yuan at the end of 2023, an increase of 12.84% from the end of 2022, which is expected to boost order delivery in 2024[6] - The automotive parts business is anticipated to experience rapid growth due to the release of production capacity and the launch of new projects during the reporting period[6]

Investment Rating - The investment rating for Ruihu Mould (002997.SZ) is not explicitly stated in the provided documents, but the report indicates a positive outlook on the company's strategic moves and growth potential in the robotics sector [2]. Core Viewpoints - Ruihu Mould has established a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robot Co., Ltd., with a registered capital of RMB 20 million, focusing on industrial robot manufacturing and intelligent robot development, which aligns with the company's strategic plan to explore emerging businesses [2]. - The Anhui province is actively developing its robotics industry, with Wuhu being a key area for growth, aiming to create a significant humanoid robotics industry by 2027 [4]. - Ruihu Mould is positioned as a core player in the Anhui industrial chain, closely linked with Chery Automobile, which is expected to benefit from the growth of the robotics industry in the region [4]. - The company has a robust order book in its equipment and lightweight business segments, with an order backlog of RMB 3.93 billion in automotive manufacturing equipment as of H1 2024 [4]. - The company is projected to see significant profit growth, with expected net profits of RMB 340 million, RMB 420 million, and RMB 540 million for 2024, 2025, and 2026, respectively, indicating a strong growth trajectory [4][5]. Financial Summary - Total revenue is projected to grow from RMB 1.168 billion in 2022 to RMB 4.409 billion by 2026, reflecting a compound annual growth rate (CAGR) of approximately 45% [6]. - The net profit attributable to the parent company is expected to increase from RMB 140 million in 2022 to RMB 538 million in 2026, with a CAGR of around 28% [6]. - The gross margin is anticipated to improve from 23.5% in 2022 to 25.5% in 2026, indicating enhanced operational efficiency [6]. - Earnings per share (EPS) are forecasted to rise from RMB 0.67 in 2022 to RMB 2.57 in 2026, reflecting strong profitability growth [6].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has established a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robot Co., Ltd., with a registered capital of 20 million yuan, expanding its business from automotive parts to the robotics sector, which is expected to inject long-term growth momentum [1] - The company has a strong competitive edge in mold equipment and automated production lines, serving many well-known domestic and international automakers [1] - The company is expected to achieve significant profit growth, with projected net profits for 2024, 2025, and 2026 being 348 million, 470 million, and 610 million yuan respectively, corresponding to EPS of 1.66, 2.25, and 2.91 yuan per share [1] Financial Summary and Valuation Indicators - Revenue is projected to grow from 1,168 million yuan in 2022 to 4,880 million yuan in 2026, with a year-over-year growth rate of 60.7% in 2023 and 47.6% in 2024 [7] - The net profit is expected to increase from 140 million yuan in 2022 to 610 million yuan in 2026, with a year-over-year growth rate of 44.4% in 2023 and 72.1% in 2024 [7] - The company's P/E ratios for 2024, 2025, and 2026 are projected to be 22.9, 16.9, and 13.1 respectively, indicating a favorable valuation trend [1][7]

Investment Rating - The report maintains a "Buy" rating for the company [3][5]. Core Views - The company has established a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robot Co., Ltd., with an investment of 20 million yuan, aiming to tap into the robotics sector as a new growth driver [1]. - The lightweight layout is progressing smoothly, with the company's partnership with Chery to expand its lightweight automotive components business, which is expected to enhance profit margins through scale effects [2]. - The demand for equipment manufacturing is increasing due to the accelerated iteration of new vehicle models, with the company holding orders worth 3.93 billion yuan in the automotive manufacturing equipment sector, a 15% increase from the previous year [2]. Financial Summary - The company's projected net profits for 2024, 2025, and 2026 are 349 million yuan, 445 million yuan, and 559 million yuan, respectively, with corresponding P/E ratios of 22.8, 17.9, and 14.3 [3]. - Revenue is expected to grow from 1.87 billion yuan in 2023 to 2.55 billion yuan in 2024, reflecting a year-on-year growth rate of 35.8% [4]. - The company's net profit margin is projected to be 13.7% in 2024, with a return on equity (ROE) of 16.4% [4].

Investment Rating - The report maintains a "Recommended" rating for the company [5] Core Views - The company is establishing a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robot Co., Ltd., to deepen its robotics business layout, with a registered capital of RMB 20 million [1] - The company benefits from the Anhui industrial cluster and actively responds to the robot industry policy outlined in the "Anhui Province Humanoid Robot Industry Development Action Plan (2024-2027)" [1] - The automotive parts business has seen significant growth, with revenue reaching RMB 257 million in H1 2024, a year-on-year increase of 244.75% [2] - The equipment business has a strong order backlog of RMB 3.93 billion as of H1 2024, up 14.95% from the previous year [2] - The company expects revenue growth from 2024 to 2026, with projected revenues of RMB 2.52 billion, RMB 3.46 billion, and RMB 4.46 billion respectively [3] Summary by Sections Company Developments - The establishment of the new subsidiary aligns with the strategic planning and operational needs of the company, focusing on industrial robot manufacturing and sales [1] - The company has been involved in the development of intelligent manufacturing solutions since 2016, collaborating with partners like Yaskawa [1] Financial Performance - The automotive parts segment's revenue growth is attributed to the successful launch of the Zhijie R7 model, which has seen significant sales [2] - The company anticipates further performance improvements as production capacity increases [3] Financial Forecasts - Revenue projections for 2024, 2025, and 2026 are RMB 2.52 billion, RMB 3.46 billion, and RMB 4.46 billion respectively, with net profits expected to be RMB 349 million, RMB 451 million, and RMB 564 million [4][8] - The report indicates a steady increase in earnings per share (EPS) from RMB 1.67 in 2024 to RMB 2.70 in 2026 [3][9]

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证券代码：002997 证券简称：瑞鹄模具 公告编号：2025-001 特别提示： 1.本次股东大会无否决提案的情形。 瑞鹄汽车模具股份有限公司 2025年第一次临时股东大会决议公告 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。 2.本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1.会议召集人：瑞鹄汽车模具股份有限公司（以下简称"公司"）董事会； 2.会议主持人：公司董事长柴震先生； 3.现场会议召开时间：2025年1月8日（星期三）14:30； 4.现场会议召开地点：瑞鹄汽车模具股份有限公司会议室； 5.网络投票时间： （1）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1月8日的交易时间， 即9:15-9:25，9:30—11:30和13:00—15:00； （2）通过深圳证券交易所互联网投票系统进行网络投票的开始时间为2025年1月8日上午 9:15，结束时间为2025年1月8日下午3:00。 6.召开方式：现场会议与网络投票相结合的方式。 7.本次股东大会的召集和召开符合《公司法》、《上市公司股东大会规则》等 ...

中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话：（86-10）5809-1000 传真：（86-10）5809-1100 北京市竞天公诚律师事务所 关于瑞鹄汽车模具股份有限公司 2025年第一次临时股东大会的法律意见书 致：瑞鹄汽车模具股份有限公司 北京市竞天公诚律师事务所（以下简称"本所"）接受瑞鹄汽车模具股份有限 公司（以下简称"公司"）的委托，指派本所律师列席公司于 2025 年 1 月 8 日下 午 14 时 30 分在瑞鹄汽车模具股份有限公司会议室召开的 2025 年第一次临时股 东大会（以下称"本次股东大会"），并依据《中华人民共和国公司法》等中国法 律、法规和相关规范性文件（以下称"中国法律法规"）及《瑞鹄汽车模具股份有 限公司章程》（以下称"公司章程"）的规定，就本次股东大会的召集和召开程序、 出席会议人员资格、召集人资格、会议表决程序和表决结果等事宜（以下称"程 序事宜"）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有关本次股东大会的文件， 包括但不限于公司第三届董事会第二十四次会议决议公告、第三届监事会第二十 一次会议决议 ...

本公司及监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。 证券代码：002997 证券简称：瑞鹄模具 公告编号：2025-003 瑞鹄汽车模具股份有限公司 第四届监事会第一次会议决议的公告 具 体 内 容 详 见 公 司 于 同 日 在 指 定 信 息 披 露 媒 体 及 巨 潮 资 讯 网 （www.cninfo.com.cn）披露的《关于选举董事长、董事会各专门委员会委员和 监事会主席的公告》 三、备查文件 公司第四届监事会第一次会议决议。 一、监事会会议召开情况 瑞鹄汽车模具股份有限公司（以下简称"公司"）第四届监事会第一次会议 于 2025 年 1 月 8 日以现场投票方式召开，鉴于公司于 2024 年 12 月 20 日召开了 公司第五届职工代表大会第二次全体会议选举产生公司第四届监事会职工代表 监事，并于 2025 年 1 月 8 日召开的 2025 年第一次临时股东大会选举产生第四届 监事会非职工代表监事，为保证监事会顺利运行，全体监事一致同意豁免本次监 事会会议提前通知。会议通知已于 2025 年 1 月 8 日以专人或邮件送达的方式递 交全体监事。本次 ...