RADICAL(300652)

Search documents
雷迪克(300652):2025Q1归母净利润同增6% 丝杠领域拓展打开成长空间
Xin Lang Cai Jing· 2025-05-28 10:41
Core Viewpoint - The company reported a slight decline in net profit for 2024 but anticipates growth in Q1 2025, driven by revenue increases across various product lines and strategic acquisitions in the precision machinery sector [1][3][4]. Financial Performance - In 2024, the company achieved operating revenue of 740 million yuan, a year-on-year increase of 13.53%, with a net profit of 120 million yuan, a slight decline of 0.18% [1] - For Q1 2025, the company reported operating revenue of 186 million yuan, a year-on-year growth of 23.55%, and a net profit of 34.94 million yuan, up 6.22% [1] - The gross profit margin for 2024 was approximately 31.61%, down 0.41 percentage points year-on-year, while the net profit margin was 16.24%, down 2.23 percentage points [2][3]. Product Performance - Revenue from the hub unit in 2024 was 264 million yuan, up 14.35%, accounting for 35.64% of total revenue; cone bearings generated 126 million yuan, up 5.85%, with a 17.06% revenue share; separation bearings saw a decline of 9.33% to 105 million yuan, with a 14.18% share; hub bearings increased by 16.68% to 138 million yuan, representing 18.59%; and tension wheels generated 51.16 million yuan, up 15.99%, with a 6.91% share [1]. Cost and Expenses - The company’s expense ratio for 2024 was 13.03%, an increase of 0.92 percentage points year-on-year, with specific increases in management and R&D expenses [3]. Strategic Acquisitions - The company signed an agreement to acquire 51% of Tongzhan Precision Technology, aiming to enhance its capabilities in the micro-screw and precision linear module markets, thereby extending its industrial chain and improving competitiveness [3]. Market Outlook - The domestic market for hub units and reducer bearings is projected to reach approximately 104.2 billion yuan by 2026, with the new energy vehicle front-end market expected to grow to around 10 billion yuan [4]. - The company is positioned to benefit from industry growth and domestic substitution, with a market share in the new energy vehicle hub unit and reducer bearing front-end market expected to exceed 20% post-capacity ramp-up [4]. Profit Forecast and Valuation - Revenue projections for 2025-2027 are 1.05 billion, 1.48 billion, and 1.74 billion yuan, with year-on-year growth rates of 42%, 41%, and 17%, respectively [5]. - Net profit forecasts for the same period are 128 million, 147 million, and 154 million yuan, with corresponding growth rates of 7%, 15%, and 4% [5].
雷迪克: 2024年年度权益分派实施公告
Zheng Quan Zhi Xing· 2025-05-28 09:11
Core Viewpoint - The company has approved a profit distribution plan for the year 2024, which includes cash dividends and a capital reserve increase in share capital [1][2]. Summary by Sections Profit Distribution Plan - The profit distribution plan involves a cash dividend of RMB 1.50 per 10 shares (before tax), totaling RMB 15,391,219.95, with no bonus shares issued [2][3]. - Additionally, the company will increase its share capital by 30,782,439 shares, translating to a 3-for-10 bonus share distribution, raising the total share capital to 133,390,572 shares [1][3]. Shareholder Meeting Approval - The profit distribution plan was approved at the shareholder meeting held on May 22, 2025 [1]. Key Dates - The record date for the distribution is June 4, 2025, and the ex-dividend date is June 5, 2025 [3]. Distribution Method - The distribution will be executed through the company's designated securities companies, with adjustments made for any fractional shares [3][4]. Financial Impact - Post-distribution, the earnings per share for the year 2024 is projected to be RMB 0.90, calculated based on the new total share capital [4].
雷迪克(300652):2025Q1归母净利润同增6%,丝杠领域拓展打开成长空间
ZHESHANG SECURITIES· 2025-05-28 09:04
Investment Rating - The investment rating for the company is "Buy" [7] Core Views - The company achieved a slight decline of approximately 0.2% in net profit attributable to the parent in 2024, but saw a growth of about 6% in Q1 2025 [1] - The company is expanding into the screw rod sector through the acquisition of a 51% stake in Tongzhan Precision Technology, which is expected to enhance its competitive edge and extend its industrial chain [3] - The domestic market for hub units and reducer bearings is projected to reach approximately 104.2 billion yuan by 2026, with the company expected to benefit significantly from the growth in the new energy vehicle market [4] - Revenue forecasts for 2025-2027 are 1.05 billion, 1.48 billion, and 1.74 billion yuan, representing year-on-year growth rates of 42%, 41%, and 17% respectively [5] Financial Performance - In 2024, the company reported operating revenue of 740 million yuan, a year-on-year increase of 13.53%, and a net profit of 120 million yuan, which was a slight decline of 0.18% [1] - The gross profit margin for 2024 was approximately 31.61%, down by 0.41 percentage points year-on-year, while the net profit margin was 16.24%, down by 2.23 percentage points [2] - For Q1 2025, the company achieved operating revenue of 186 million yuan, a year-on-year increase of 23.55%, and a net profit of 34.94 million yuan, a growth of 6.22% [1][2] Market Outlook - The company is expected to capture over 20% market share in the domestic new energy vehicle hub unit and reducer bearing front-end market after the third factory reaches full capacity [4] - The company has established partnerships with several major automotive manufacturers, which is expected to translate into significant orders [4]
雷迪克(300652) - 2024年年度权益分派实施公告
2025-05-28 09:00
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。 杭州雷迪克节能科技股份有限公司 2024 年年度权益分派方案已获 2025 年 5 月 22 日召开的 2024 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. 公司 2024 年年度权益分派方案已获 2025 年 5 月 22 日召开的 2024 年度 股东大会审议通过。具体方案为:以截至 2024 年 12 月 31 日公司总股份 102,608,133 股为基数,拟向全体股东按每 10 股派发现金红利人民币 1.5 元(含 税),共计派发人民币 15,391,219.95 元,剩余未分配利润结转以后年度。不送 红股,同时,以资本公积金转增股本方式向全体股东每 10 股转增 3 股,共计转 增 30,782,439 股,转增后公司总股本将增加至 133,390,572 股(具体以中国证 券登记结算有限责任公司深圳分公司登记为准)。 2. 在利润分配预案披露日至实施权益分派股权登记日期间,公司股本总额 若因新增股份上市、股权激励授予行权、可转债转股、股份回购等事项发 ...
雷迪克(300652) - 雷迪克2024年年度网上业绩说明会
2025-05-23 09:52
Group 1: Financial Performance - The company achieved a revenue of 740 million CNY in 2024, representing a year-on-year growth of 13.53% [4] - The total profit for the same period was 138 million CNY, up by 5.16% year-on-year [4] - The net profit attributable to shareholders was 120 million CNY, showing a slight decline of 0.18% [4] - The weighted average return on equity was 8.89%, with earnings per share at 1.17 CNY [4] - Total assets reached 1.838 billion CNY, an increase of 9.57% year-on-year [4] - The net assets attributable to shareholders were 1.391 billion CNY, growing by 5.21% [4] Group 2: Market and Growth Drivers - The main growth driver for revenue was the increase in sales volume from both aftermarket (AM) and original equipment manufacturer (OEM) markets, particularly with clients like Xpeng, Geely, and SAIC [2] - The company has established a strong core customer base in the new energy vehicle sector since expanding into the complete vehicle market in 2017 [3] - The overseas revenue accounted for approximately 30% of total revenue in 2024, with plans to enhance overseas operations through new factories and logistics centers [3] Group 3: Strategic Initiatives and Future Outlook - The company is focusing on steady expansion in the aftermarket business and aims to increase production capacity, particularly in the Moroccan factory [3] - Plans to optimize production processes and reduce costs through lean management practices were highlighted, with specific techniques like process optimization and material reduction being employed [5] - The company is monitoring potential mergers and acquisitions in the industry and will disclose updates as necessary [3] Group 4: Challenges and Risk Management - The company noted that the North American market contributes about 5% to its overall business, indicating limited impact from trade tensions [4] - The discrepancy between revenue growth and net profit growth is attributed to the increasing share of lower-margin OEM business compared to higher-margin aftermarket business [4] - The management emphasized the importance of maintaining core competitiveness and intrinsic value as part of its market value management strategy [5]
雷迪克(300652) - 上海市锦天城律师事务所关于杭州雷迪克节能科技股份有限公司2024年年度股东大会的法律意见书
2025-05-22 11:16
上海市锦天城律师事务所 关于杭州雷迪克节能科技股份有限公司 2024 年度股东大会的 法律意见书 地址:上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话:021-20511000 传真:021-20511999 邮编:200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于杭州雷迪克节能科技股份有限公司 2024 年度股东大会的 法律意见书 致:杭州雷迪克节能科技股份有限公司 上海市锦天城律师事务所(以下简称"本所")接受杭州雷迪克节能科技股 份有限公司(以下简称"公司")委托,就公司召开 2024 年度股东大会(以下 简称"本次股东大会")的有关事宜,根据《中华人民共和国公司法》(以下简 称《公司法》)、《上市公司股东会规则》等法律、法规、规章、规范性文件以 及《杭州雷迪克节能科技股份有限公司章程》(以下简称《公司章程》)的有关 规定,出具本法律意见书。 为出具本法律意见书,本所律师对本次股东大会所涉及的相关事项进行了必 要的核查和验证,审查了本所律师认为出具该法律意见书所需审查的相关文件、 资料,并参加了公司本次股东大会现场会议的全过程。 本所律师认为,本次股 ...
雷迪克(300652) - 2024年度股东大会会议决议公告
2025-05-22 11:16
证券代码:300652 证券简称:雷迪克 公告编号:2025-035 杭州雷迪克节能科技股份有限公司 2024 年度股东大会决议公告 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。 一、重要提示 1、本次股东大会以现场投票和网络投票相结合的方式召开。 2、本次股东大会无增加、变更、否决提案的情况,不涉及变更前次股东大 会决议。 3、本次股东大会审议的议案对中小投资者单独计票(中小投资者是指以下 股东以外的其他股东:1、上市公司的董事、监事、高级管理人员;2、单独或者 合计持有上市公司 5%以上股份的股东)。 二、会议召开和出席情况 1、会议届次:2024年度股东大会 2、会议召集人:公司董事会 3、会议主持人:董事长沈仁荣 网络投票时间: 其中通过深圳证券交易所交易系统投票的具体时间为:2025年5月22日(现 场股东大会召开当日)9:15-9:25,9:30-11:30 和13:00-15:00;通过深圳交易 所互联网投票系统的具体时间为:2025年5月22日(现场股东大会召开当日)9:15 至2025年5月22日15:00期间的任意时间。 6、会议召开方式 ...
雷迪克(300652) - 关于全资子公司使用闲置募集资金购买理财产品到期赎回并继续购买理财产品的公告
2025-05-16 09:02
证券代码:300652 证券简称:雷迪克 公告编号:2025-034 杭州雷迪克节能科技股份有限公司 关于全资子公司使用闲置募集资金购买理财产品 到期赎回并继续购买理财产品的公告 本公司及董事会全体成员保证公告内容真实、准确和完整,没有虚假记载、 误导性陈述或重大遗漏。 杭州雷迪克节能科技股份有限公司(以下简称"公司")于 2025 年 4 月 2 日召开了第四届董事会第十次会议及第四届监事会第十次会议,审议通过了《关 于使用部分暂时闲置募集资金进行现金管理的议案》,同意公司及全资子公司浙 江精峰汽车部件制造有限公司(以下简称"浙江精峰")在确保不影响募集资金 项目建设和使用、募集资金安全的情况下使用总金额不超过 12,000 万元的暂时 闲置募集资金进行现金管理,在上述额度及决议有效期内,资金可以滚动使用, 该额度自公司 2025 年第一次临时股东大会审议通过之日起 12 个月内有效,具体 内容详见公司刊登于中国证监会指定创业板信息披露网站的相关公告。 近日,浙江精峰在授权范围内使用闲置募集资金购买的理财产品部分已到期 并赎回,该事项不构成关联交易,现就有关进展情况公告如下: 1 序 号 受托方 产品名称 ...
人形机器人产业链景气度高企三类企业值得重点关注
Zhong Guo Zheng Quan Bao· 2025-05-12 21:14
Core Insights - The humanoid robot industry is experiencing rapid development, attracting significant investment interest due to the acceleration of research and development by major companies [1][3] - The humanoid robot concept index saw a substantial increase of 3.69% on May 12, with a cumulative rise of 26.74% since April 9, indicating strong market momentum [1] - Analysts predict that 2025 will mark a pivotal year for the humanoid robot industry, presenting substantial opportunities for industrial upgrades [1][4] Investment Opportunities - Multiple favorable factors are converging, with several stocks in the humanoid robot sector experiencing significant gains, such as TuoSiDa with a 20% limit-up and others like LeDiKe and TongLiKe exceeding 10% [1] - Companies like Yushun Technology are reporting high demand for orders, with many firms experiencing a surge in business due to the growing market interest and supportive national policies [1][2] - A strategic partnership between Huawei and UBTECH aims to enhance humanoid robot technology and applications, leveraging Huawei's AI infrastructure and UBTECH's expertise [1] Industry Performance - In Q1 2025, 70.64% of the 109 companies in the humanoid robot concept index reported revenue growth, with notable performances from companies like Huichuan Technology, Shuanglin Co., and Allwinner Technology [2] - Huichuan Technology reported a revenue of 8.978 billion with a year-on-year growth of 38.28%, while Shuanglin Co. and Allwinner Technology also showed impressive growth rates [2] Market Projections - The humanoid robot market is projected to reach a demand of approximately 2.1 million units by 2030, with a market space of around 314.6 billion [4] - Key components such as dexterous hands and planetary roller screws are expected to have a market space of 102.2 billion by 2030, highlighting the importance of core parts in the industry [4] Strategic Focus Areas - Analysts suggest focusing on companies with strong order visibility and clear growth trajectories, as well as core component suppliers that are essential to the humanoid robot ecosystem [5] - There is an emphasis on identifying scarce resources in the market, particularly in areas like dexterous hands and sensors, which are critical for the advancement of humanoid robots [5]
雷迪克(300652):公司首次覆盖报告:精密制造基因赋能,人形机器人丝杠新锐
KAIYUAN SECURITIES· 2025-04-30 09:09
Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [6]. Core Insights - The company is a leading supplier of automotive bearings in China, with a significant shift towards the OEM market, indicating a growth inflection point. The integration of robotics and the acquisition of a screw manufacturing company are expected to enhance its market position [6][8]. - The company anticipates substantial revenue growth, with projected net profits of 156 million, 194 million, and 237 million yuan for 2025, 2026, and 2027 respectively, reflecting a corresponding PE ratio decline from 48.6 to 32.1 times [6][8]. Summary by Sections 1. Automotive Bearing Supplier and OEM Market Expansion - The company has established long-term partnerships with major clients such as SKF and Xiaopeng, focusing on hub bearings and cone bearings [6][16]. - The transition from the aftermarket (AM) to the OEM market is expected to drive significant growth, with a projected increase in sales volume from 123,000 units in 2019 to 677,000 units in 2024, achieving a CAGR of 41% [28][33]. 2. Synergy Between Bearing and Screw Manufacturing - The manufacturing processes for bearings and screws share significant similarities, allowing the company to leverage its existing capabilities to enter the high-end screw market [7][40]. - The company plans to acquire a precision screw manufacturer to enhance its product offerings and integrate its supply chain [8][40]. 3. Strategic Positioning in the Humanoid Robot Sector - The company aims to establish a subsidiary focused on humanoid robotics, anticipating a market expansion worth 230 billion yuan as production scales up [8][19]. - The automotive screw market is projected to reach 460 billion yuan by 2030, further emphasizing the company's strategic positioning in high-growth areas [8][19]. 4. Financial Projections and Valuation Metrics - Revenue is expected to grow from 652 million yuan in 2023 to 2,039 million yuan by 2027, with a year-on-year growth rate peaking at 50.6% in 2025 [8][12]. - The company's gross margin is projected to remain above 30%, with net profit margins expected to stabilize as operational efficiencies improve [35][38].