证券代码：301129 证券简称：瑞纳智能 公告编号：2025-070 瑞纳智能设备股份有限公司 关于召开 2025 年第二次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：2025 年第二次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所创业板 股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运 作》等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 12 月 1 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 月 1 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票 的具体时间为 2025 年 12 月 1 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 年 ...

证券代码：301129 证券简称：瑞纳智能 公告编号：2025-069 一、董事会会议召开情况 瑞纳智能设备股份有限公司（以下简称"公司"）第三届董事会第十七次会 议于 2025 年 11 月 13 日在公司会议室召开，会议通知及相关资料于 2025 年 11 月 10 日通过书面、邮件方式发出。会议以现场加电话会议的方式召开，会议应 到会董事 9 人，实际到会董事 9 人，符合召开董事会会议的法定人数。会议由公 司董事长主持，公司全体高级管理人员列席了会议。会议召开符合《中华人民共 和国公司法》及《公司章程》的有关规定。 二、董事会会议审议情况 经与会董事审议表决，形成以下决议： （一）审议通过《关于使用部分超募资金及闲置募集资金进行现金管理的 议案》 在不影响募集资金投资计划正常进行的前提下，同意公司为提高募集资金 使用效率，公司使用额度不超过 20,000 万元超募资金及闲置募集资金进行现金 管理，使用期限自股东会审议通过起 12 个月内，在不超过上述额度及决议有效 期内，可循环滚动使用。同时，公司董事会提请股东会授权董事长行使该项投资 决策权并签署相关合同文件，具体事项由财务部负责组织实施。 瑞纳智能 ...

Group 1 - The core business of Ruina Intelligent Equipment Co., Ltd. includes intelligent research and application of heating core products, full information metering data production and management, internet big data system construction, smart platform services, and AI intelligent data application services, positioning itself as a one-stop low-carbon smart heating solution provider in China [2] - As of September 30, 2025, Ruina Intelligent reported a revenue of 138 million yuan, representing a year-on-year growth of 40.32%, while the net profit attributable to shareholders was -46.56 million yuan, a decrease of 18.95% year-on-year [2] - The company has distributed a total of 164 million yuan in dividends since its A-share listing, with 113 million yuan distributed over the past three years [3] Group 2 - On November 12, Ruina Intelligent's stock price fell by 0.04%, with a trading volume of 40.1373 million yuan, and a net financing buy of -739,600 yuan [1] - The financing balance of Ruina Intelligent as of November 12 was 62.545 million yuan, accounting for 1.81% of its market capitalization, which is below the 50th percentile level over the past year, indicating a low financing level [1] - The company had no short selling activity on November 12, with a short selling balance of 0 shares, indicating a high level of short selling compared to the 90th percentile over the past year [1]

Core Viewpoint - Ruina Intelligent (301129.SZ) reported a revenue of 138 million yuan for the first three quarters of 2025, marking a year-on-year increase of 40.32%, but the net profit attributable to shareholders was a loss of 46.56 million yuan, a decline of 18.95% compared to the previous year [1][2]. Financial Performance - The company's operating revenue for the current reporting period was 45.39 million yuan, reflecting a 77.72% increase year-on-year [2]. - The net profit attributable to shareholders for the current period was a loss of 39.63 million yuan, representing an 80.29% decrease compared to the same period last year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of 45.55 million yuan, down 43.43% year-on-year, while the year-to-date figure showed a slight increase of 1.71% [2]. - The net cash flow from operating activities was -50.10 million yuan, indicating a 34.79% increase in cash outflow compared to the previous year [2]. Company Background - Ruina Intelligent was listed on the Shenzhen Stock Exchange's ChiNext board on November 2, 2021, with an initial public offering of 18.42 million shares at a price of 55.66 yuan per share [2]. - The company raised a total of 1.025 billion yuan from its initial public offering, with a net amount of 917 million yuan after deducting issuance costs, exceeding the original plan by 518 million yuan [3]. - The funds raised are intended for the construction of a smart heating equipment production base, a research and testing center, and to supplement working capital [3]. - In 2022, the company distributed cash dividends of 8 yuan per 10 shares, totaling 59.51 million yuan, and also increased the share capital by 8 shares for every 10 shares held, resulting in a total of 59.51 million shares being distributed [3].

Core Viewpoint - On November 3, a total of 12 listed companies will have their restricted shares unlocked, with a total market value of approximately 8.307 billion yuan [1] Summary by Category Restricted Share Unlocking Details - Yunding Technology (Stock Code: 000409) will unlock 153 million shares from a private placement of A-shares [1] - China Unicom (Stock Code: 600050) will unlock 250 million shares related to equity incentive restrictions [1] - Ningbo Yunsheng (Stock Code: 600366) will unlock 5.857 million shares from equity incentives [1] - Changrun Co., Ltd. (Stock Code: 603201) will unlock 387,500 shares from equity incentives [1] - Lingda Co., Ltd. (Stock Code: 300125) will unlock 630,000 shares from equity incentives [1] - Wanda Information (Stock Code: 300168) will unlock 1.2701 million shares from equity incentives [1] - Qunxing Toys (Stock Code: 002575) will unlock 7.2 million shares from equity incentives [1] - Lushan New Materials (Stock Code: 603051) will unlock 391,200 shares from equity incentives [1] - Hongbo Pharmaceutical (Stock Code: 301230) will unlock 4.8251 million shares from pre-issue restrictions [1] - Oppein Home (Stock Code: 603551) will unlock 60,000 shares from equity incentives [1] - Yihe Jiaye (Stock Code: 301367) will unlock 2.34362 million shares from pre-issue restrictions [1] - Ruina Intelligent (Stock Code: 301129) will extend the lock-up period for 8.8992 million shares [1]

Core Viewpoint - On November 3, a total of 7 companies had their restricted shares unlocked, with a total unlock volume of 242 million shares, amounting to a market value of 4.354 billion yuan based on the latest closing prices [1] Summary by Category Unlock Volume - The companies with the highest unlock volumes are Yunding Technology, Hongbo Pharmaceutical, and Ruina Intelligent, with unlock shares of 153 million, 48.755 million, and 28.917 million shares respectively [1] Unlock Market Value - In terms of unlock market value, Yunding Technology, Hongbo Pharmaceutical, and Ruina Intelligent lead with market values of 1.74 billion yuan, 1.686 billion yuan, and 748 million yuan respectively [1] Unlock Ratio - The companies with the highest unlock ratios relative to their total share capital are Hongbo Pharmaceutical, Yunding Technology, and Ruina Intelligent, with unlock ratios of 34.93%, 22.61%, and 21.28% respectively [1]

Group 1 - A total of 7 companies had their restricted shares unlocked on November 3, with a combined unlock volume of 242 million shares, valued at 4.354 billion yuan based on the latest closing prices [1] - The companies with the highest unlock volumes are Yunding Technology, Hongbo Pharmaceutical, and Ruina Intelligent, with unlock shares of 153 million, 48.76 million, and 28.92 million respectively [1] - In terms of unlock value, Yunding Technology, Hongbo Pharmaceutical, and Ruina Intelligent lead with unlock values of 1.74 billion yuan, 1.686 billion yuan, and 748 million yuan respectively [1] - The highest percentage of total share capital unlocked is seen in Hongbo Pharmaceutical, Yunding Technology, and Ruina Intelligent, with unlock ratios of 34.93%, 22.61%, and 21.28% respectively [1]

Core Viewpoint - 瑞纳智能 is a leading enterprise in the smart heating sector in China, focusing on the intelligent research and application of core heating products, supported by its proprietary energy IoT technology system [1] Group 1: Business Performance - In Q3 2025, 瑞纳智能 reported revenue of 138 million yuan, ranking 54th out of 61 in the industry, significantly lower than the top competitor 川仪股份 with 4.89 billion yuan and the industry average of 655 million yuan [2] - The net profit for the same period was -46.56 million yuan, ranking 57th in the industry, again trailing behind 川仪股份 and the industry average of 58.97 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, 瑞纳智能's debt-to-asset ratio was 20.50%, lower than the industry average of 27.43%, indicating strong solvency and relatively low financial risk [3] - The gross profit margin for Q3 2025 was 61.55%, higher than the industry average of 43.50%, showcasing the company's strong profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 30.77% to 11,800, while the average number of circulating A-shares held per shareholder decreased by 20.94% to 3,157.74 [5] - 华泰柏瑞价值增长混合A became the sixth largest circulating shareholder with 294,100 shares, while 国寿安保智慧生活股票A exited the top ten circulating shareholders [5] Group 4: Future Outlook - 海通国际证券 maintains an "outperform" rating, projecting net profits for 2025, 2026, and 2027 to be 162 million, 192 million, and 223 million yuan respectively, with a target price of 35.63 yuan per share [5] - Key business highlights include the successful implementation of EPC/EMC business models, strong platform capabilities, and a forward-looking layout in silicon carbide business, which is expected to support future growth [5][6]

Core Insights - The stock of Ruina Intelligent dropped by 5.02% to 25.91 CNY per share, with a trading volume of 53.42 million CNY and a turnover rate of 5.47%, resulting in a total market capitalization of 3.522 billion CNY [1] Company Overview - Ruina Intelligent Equipment Co., Ltd. is located in Changfeng, Anhui, and was established on April 9, 2008. The company went public on November 2, 2021. Its main business focuses on intelligent research and application of heating core products/equipment, full information metering data production and management, internet big data system construction, smart platform services, and AI intelligent data application services. It is a one-stop low-carbon smart heating solution provider in China [1] - The revenue composition of Ruina Intelligent is as follows: 79.59% from heating energy-saving services, 17.01% from sales of heating energy-saving products, 3.19% from heating energy-saving system engineering, and 0.21% from other supplementary services [1] Shareholder Information - Among the top ten circulating shareholders of Ruina Intelligent, Huatai-PB Fund has a fund that entered the list in the third quarter. The Huatai-PB Value Growth Mixed A Fund (460005) holds 294,100 shares, accounting for 0.79% of the circulating shares. The estimated floating loss today is approximately 402,900 CNY [2] - The Huatai-PB Value Growth Mixed A Fund was established on July 16, 2008, with a latest scale of 785 million CNY. Year-to-date returns are 46.35%, ranking 1544 out of 8152 in its category; the one-year return is 47.61%, ranking 1316 out of 8038; and since inception, the return is 756.15% [2]

Group 1 - The core point of the news is that Ruina Intelligent (SZ 301129) announced that approximately 88.99 million restricted shares will be unlocked and listed for trading on November 3, 2025, which accounts for about 65.48% of the company's total share capital [1] - As of the report, Ruina Intelligent has a market capitalization of 3.7 billion yuan [2] - The company's revenue composition for the year 2024 is entirely from the instrument manufacturing industry, with a 100% share [1]