公司在互动平台表示，其热泵机组搭载的自研磁悬浮压缩机不仅能满足供热需求，还可满足客户的冷热 双重需求。这类双重需求主要应用于新建住宅、公共建筑、工业场景或客户指定特殊场景。 资金流向方面，8月14日主力资金净流出2392.23万元，占流通市值的2.21%。近五个交易日累计净流出 7171.26万元，占流通市值的6.63%。 风险提示：股市有风险，投资需谨慎。 瑞纳智能8月14日股价报28.83元，较前一交易日下跌3.58%。当日成交量为61009手，成交金额达1.79亿 元。 瑞纳智能主营业务为智慧供热系统解决方案，主要产品包括供热节能设备及系统、智能控制装置等。公 司专注于供热领域的技术研发和应用，为城市集中供热系统提供整体解决方案。 ...

格隆汇8月13日丨瑞纳智能(301129.SZ)在互动平台表示，公司在该领域的技术研发主要依托电力控制、 电压调节与能效控制技术，通过动态调整电力输出、优化电机运行状态实现精准温控。 公司热泵机组 搭载的自研磁悬浮压缩机是针对中大型集中供热场景定向自主研发的 "余热利用"、"大温差传输"类产 品方案。该压缩机同时具有宽温域稳定运行特点，能满足冬季50℃采暖供给与夏季7℃冷冻水输出的双 重需求，可应用于同时需要冷负荷和热负荷的场景。 目前公司暂未涉足 IT 数据中心的温控领域。 ...

格隆汇8月12日丨瑞纳智能(301129.SZ)公布，2025年8月12日，乌鲁木齐公共资源交易网发布了《乌鲁 木齐热力(集团)有限公司供热老化管道及设施更新改造项目施工(一标段)中标候选人公示》，公司全资 子公司合肥瑞纳智能能源管理有限公司为乌鲁木齐热力(集团)有限公司供热老化管道及设施更新改造项 目施工(一标段)项目的第一中标候选人。根据《项目中标候选人公示》，公司投标报价约2.25亿元。 ...

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。 特别提示： 1、下述项目目前尚处于中标候选人公示期，瑞纳智能设备股份有限公司 （以下简称"公司"）子公司能否取得《中标通知书》并最终签署正式合同， 存在一定的不确定性。 2、本项目最终中标金额以正式签署的合同为准，可能存在最后金额总量不 及预估的情形，公司将根据实际进展情况及时履行信息披露义务，敬请广大投资 者注意投资风险。 证券代码：301129 证券简称：瑞纳智能 公告编号：2025-044 瑞纳智能设备股份有限公司 关于中标候选人公示的提示性公告 4、公司投标报价：225,039,620.56元 5、公示期间：2025年8月13日至2025年8月15日 二、对公司的影响 如子公司能够签订正式项目合同并顺利实施，将对公司未来的经营业绩产 生积极影响，且不会影响公司经营的独立性。 三、风险提示 2025 年 8 月 12 日 ， 乌 鲁 木 齐 公 共 资 源 交 易 网 （http://zwfw.wlmq.gov.cn/ggzy/） 发布了《乌鲁木齐热力(集团)有限公司供 热老化管道及设施更新改造项目施工(一 ...

Group 1 - The core viewpoint of the article is that Haitong International has given a "better than market" rating to Ruina Intelligent (301129.SZ) based on its strong performance in the smart heating and energy management sectors [2] - The company is leveraging both EPC (Engineering, Procurement, and Construction) and EMC (Energy Management Contracting) business models to accelerate growth [2] - Ruina Intelligent has developed a comprehensive product matrix that enhances its competitive edge through deep platform capabilities [2] - The company is strategically positioning itself in the silicon carbide business, which is expected to open new growth opportunities [2]

1、瑞纳智能设备股份有限公司（以下简称"公司"）本次回购注销 2024 年 限制性股票激励计划涉及的激励对象人数为 6 人，回购注销的限制性股票数量为 165,000 股，占回购前公司总股本 136,082,400 股的 0.1213%，回购价格为调整 后的授予价格（8.26 元/股）加上中国人民银行同期存款利息之和，即 8.37 元/ 股（四舍五入价格），资金来源为公司自有资金，回购总金额为 1,381,639.88 元。 证券代码：301129 证券简称：瑞纳智能 公告编号：2025-043 瑞纳智能设备股份有限公司 2024 年限制性股票激励计划 部分限制性股票注销完成的公告 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。 特别提示： 2、截至 2025 年 8 月 8 日，上述限制性股票已在中国证券登记结算有限责任 公司深圳分公司办理完成注销手续。本次限制性股票回购注销完成后，公司总股 本由 136,082,400 股变更为 135,917,400 股。 一、已履行的决策程序和信息披露情况 （一）2024年5月6日，公司召开第三届董事会第三次会议，审议 ...

关于瑞纳智能设备股份有限公司 北京炜衡（上海）律师事务所 2024 年限制性股票激励计划回购注销部分限制性股票实施 情况的 法律意见书 地址：上海市黄浦区中山东二路 600 号 BFC 外滩金融中心 S1 幢 26 楼 邮编：200010 北京炜衡（上海）律师事务所 法律意见书 释义 在本法律意见书中，除非文义另有所指，下列词语具有以下含义： | 公司、瑞纳智能 | 指 | 瑞纳智能设备股份有限公司 | | --- | --- | --- | | 本所 | 指 | 北京炜衡（上海）律师事务所 | | 本所律师 | 指 | 本法律意见书的签字律师 | | 本次激励计划 | 指 | 瑞纳智能设备股份有限公司 2024 年限制性股票 | | | | 激励计划 | | 《激励计划（草 | 指 | 《瑞纳智能设备股份有限公司 2024 年限制性股 | | 案）》 | | 票激励计划（草案）》 | | 限制性股票 | 指 | 激励对象按照本次激励计划规定的条件，获得的 | | | | 转让等部分权利受到限制的本公司股票 | | 本次回购注销 | 指 | 根据《激励计划（草案）》的相关规定，5 名激 名激励对象非因执 | ...

Group 1 - The A-share market saw a collective decline in AI smart entity concept stocks, with notable drops including Dingjie Zhizhi down over 10% and Jinxiandai down over 9% [1][2] - Other companies also experienced significant declines, such as Nengke Technology down over 7%, Yinsai Group, Ruina Intelligent, and Shuiyou Co., Ltd. down over 6% [1][2] - The overall trend indicates a bearish sentiment in the AI sector within the A-share market [1] Group 2 - Specific stock performance includes Dingjie Zhizhi at -10.26% with a total market value of 16.1 billion, and Jinxiandai at -9.57% with a market value of 5.85 billion [2] - Other notable declines include Wanjing Technology at -8.33% and Nengke Technology at -7.10%, with respective market values of 15.4 billion and 9.861 billion [2] - The year-to-date performance shows significant gains for some stocks, such as Huichan Co., Ltd. with a 138.78% increase despite the recent decline [2]

Investment Rating - The report assigns an "Accumulate" rating to the company with a target price of 35.63 CNY per share, compared to the current price of 25.62 CNY [1]. Core Insights - The company is positioned as a leading player in the smart heating sector, leveraging platformization and AI algorithms to enhance its growth trajectory. The acceleration of EMC model deployment, EPC project deliveries, and initial developments in silicon carbide business are expected to strengthen the company's growth logic [1][2]. Financial Summary - The company’s total revenue is projected to grow from 428 million CNY in 2024 to 678 million CNY in 2025, reflecting a year-on-year increase of 58.4%. Net profit is expected to rise from 77 million CNY in 2024 to 162 million CNY in 2025, marking a significant growth of 110.6% [3][6]. - The earnings per share (EPS) is forecasted to increase from 0.56 CNY in 2024 to 1.19 CNY in 2025, with a net asset return rate projected to reach 8.7% in 2025 [3][6]. Revenue and Profitability Forecast - The core business of heating energy-saving system engineering is expected to generate revenue of 1.26 billion CNY in 2024, with anticipated growth rates of 100%, 30%, and 20% for the years 2025 to 2027, respectively [10]. - The intelligent modular heat exchange unit business is projected to achieve revenues of 0.76 billion CNY in 2024, with growth rates of 30%, 20%, and 15% for the subsequent years [11]. - The software business is expected to see a dramatic increase in revenue from 0.17 billion CNY in 2024 to 1.02 billion CNY in 2025, reflecting a growth rate of 500% [12]. Strategic Development - The company has established a comprehensive smart heating business system that integrates delivery and operation, focusing on energy-saving solutions and system upgrades. The low-carbon smart heating solution exemplifies the company's capabilities in system integration [24][26]. - The company is transitioning from a project-based delivery model to a more productized and standardized approach, enhancing its market resilience [30][31]. Competitive Positioning - The company maintains a high gross margin, consistently above 55%, with a gross margin of 59.69% in 2024, significantly higher than its peers [34]. - The company’s R&D expenditure reached 0.74 billion CNY in 2024, reflecting a commitment to technological advancement and competitive positioning in the market [36].

Company Overview - Beijing Ruina Tongchuang Power Energy Technology Co., Ltd. has been established with a registered capital of 20 million yuan [1] - The legal representative of the company is Yu Dayong [1] Business Scope - The company’s business activities include manufacturing of power facility equipment, research and development of energy-efficient technologies in the power industry, sales of power electronic components, and sales of power measurement motors [1] - Additional activities encompass sales of electrical equipment, generators, cables, and services related to power generation technology and wind power technology [1] - The company is also involved in the manufacturing and sales of semiconductor discrete devices and specialized equipment for semiconductor devices [1] Ownership Structure - The company is wholly owned by Ruina Intelligent [1]