Summary of the Conference Call for 瑞德智能 Company Overview - 瑞德智能 is a pioneer in the smart controller industry, established in 1997 and headquartered in Shunde, Guangdong. It is the 37th listed company in Shunde, which has a total of 44 listed enterprises [4][4]. - The company has four major bases: Shunde (serving international clients), Hefei (serving the Yangtze River Delta), Shaoxing (serving major clients in Jiangsu and Zhejiang), and a production base in Vietnam that became profitable in May 2025 [4][4]. Financial Performance - In the first three quarters of 2025, 瑞德智能 achieved a revenue of 1.034 billion yuan, a year-on-year increase of 14.77%. The net profit attributable to the parent company, excluding non-recurring items, was 21.6222 million yuan, up 138.57% year-on-year [2][6]. - The company’s quarterly performance showed an 8.47% revenue growth and a 164.95% increase in net profit, indicating significant improvement in profitability due to a focus on core business, structural optimization, and cost control [6][6]. Business Structure and Strategy - The business structure has been optimized, with the share of home appliance smart controllers dropping below 70%, while new sectors like automotive electronics and electric motors now account for over 30% of revenue [2][5]. - The company aims to achieve a revenue target of 3 billion yuan in three years and 5 billion yuan in five years, employing a 1+3+N strategy to solidify its main business while expanding into new sectors [3][18]. New Business Developments - In the automotive electronics sector, 瑞德智能 collaborates with 9号公司 to provide solutions for short-distance transportation and supplies charging stations for 比亚迪赛力斯 [2][7]. - The company has established partnerships with major clients in various sectors, including 海信 and 海尔 in home appliances, and has seen significant sales in the pet technology and healthcare sectors [8][13]. Cost Management and Profitability - The company has effectively controlled management and financial expenses through team optimization, improved bidding processes, and financial management strategies, leading to a notable decrease in overall expenses [15][16]. - The reduction in expenses has positively impacted profitability, with expectations for stable or improved expense ratios in the upcoming quarters [15][15]. Investment and Future Plans - 瑞德智能 has invested in two companies, 预拓 and 零差云控, focusing on industrial investments rather than acquisitions at this stage [12][12]. - The company is also exploring investments in the robotics sector, including a collaboration with a French team to establish a quadruped robot company [17][17]. - Future strategic goals include solidifying the main business, rapidly expanding into new sectors, and pursuing strategic investments in robotics and smart technology [9][18]. Market Expansion - The company is enhancing its domestic production capabilities while planning further international expansion, particularly in Vietnam, where production capacity is being rapidly increased [10][10]. - 瑞德智能 is actively seeking partnerships with international clients to strengthen its global market presence [10][10]. This summary encapsulates the key points from the conference call, highlighting 瑞德智能's financial performance, business strategy, new developments, cost management, investment plans, and market expansion efforts.

Group 1: Company Announcements - 合富中国's stock price increased by 256.29% over 14 trading days, significantly outperforming the industry and Shanghai Composite Index, leading to a suspension for verification starting November 17 [1] - 工业富联's GB300 achieved mass production in Q3, with improved yield and testing efficiency, positively impacting Q4 gross margin [2] - 天孚通信's controlling shareholder plans to transfer 8.5 million shares, representing 1.09% of total equity, due to personal funding needs [4] - 璞泰来 plans to invest 7.6 billion yuan in a new integrated film coating project, aiming to meet growing demand in the battery and energy storage sectors [5] - 电投能源 intends to acquire 100% of Baiyin Hua Coal Power for 11.149 billion yuan, financing through share issuance and cash [6] - 中微公司 reported that a shareholder completed a reduction of 12.52 million shares, totaling 3.351 billion yuan [7] - 瑞德智能 plans to invest 10 million yuan in a leading company in the power plant robotics sector [8] - 盘古智能 aims to acquire control of a petrochemical company by purchasing 11.97% of its shares for 24.64 million yuan [9] - 泰达股份 signed a memorandum for a waste-to-energy project in Egypt [10] - 杭氧股份 is set to establish a venture capital fund focusing on low-temperature technology and nuclear fusion [11] Group 2: Financial Performance and Regulatory Approvals - 复星医药's subsidiary received FDA approval for a biosimilar drug, with applications pending in China and Europe [21] - 长春高新 received approval for a clinical trial of a new growth hormone drug, with no similar products currently available in China [20] - 海辰药业 obtained a drug registration certificate for a new injection product [22] - 上海机场 reported a 12.46% year-on-year increase in passenger throughput for October [23] Group 3: Shareholder Actions - 深桑达 A plans to publicly transfer 80% of a subsidiary's shares with a minimum price of 1.857 billion yuan [12] - 中电港's major shareholder reduced its stake by 1% between October 31 and November 13 [15] - 康龙化成's major shareholders plan to collectively reduce their holdings by up to 1.5% [16] - 科兴制药's controlling shareholder intends to transfer 5% of its shares [17]

Core Viewpoint - 瑞德智能 is investing in 深圳昱拓智能有限公司 to enhance its position in the robotics sector, particularly in the energy industry, which is experiencing significant growth due to policy-driven smart energy transformation [1][2] Investment Details - 瑞德智能 and 上海创东方厚泽创业投资合伙企业 are collectively investing a total of 40 million RMB in 昱拓智能, with 瑞德智能 contributing 10 million RMB [1] - After the investment, 瑞德智能 will hold a 2.2989% stake in 昱拓智能, which will not be included in the company's consolidated financial statements [1] Company Overview - 昱拓智能 focuses on the power plant sector, offering a comprehensive solution that integrates hardware, software, and data, and has established itself as a leader in the robotics niche within the power generation industry [2] - The company has developed key products such as track inspection robots and operational robots, which are deeply integrated with the core operations of major power generation groups, including 国家电投 [2] Market Potential - The industry in which 昱拓智能 operates is expected to benefit from a clear policy drive towards energy smart transformation, with a potential market size exceeding 30 billion RMB and a currently low penetration rate, indicating strong growth certainty [2] Strategic Importance - The investment aligns with 瑞德智能's strategy of establishing an ecosystem in strategic new sectors, particularly robotics, and is a crucial step in enhancing collaboration within the industry chain [2] - This partnership is expected to strengthen 瑞德智能's technological capabilities and business expansion in the robotics field, reinforcing its competitive edge centered around smart control [2]

Group 1 - The company, 瑞德智能, announced an investment of 40 million yuan in 深圳昱拓智能有限公司, with 10 million yuan coming from the company itself and 30 million yuan from a partner investment firm [1] - After the investment, the company will hold a 2.2989% stake in 昱拓智能, which will not be included in the company's consolidated financial statements [1] - 昱拓智能 focuses on the power plant sector and has developed a comprehensive "hardware + software + data" capability, becoming a leader in the power plant robotics niche [1] Group 2 - The industry benefits from clear policy-driven transformation towards energy intelligence, with a potential market size exceeding 30 billion yuan and a currently low penetration rate, indicating strong growth certainty [2] - This investment is a key move for the company to establish an ecological layout in strategic new sectors like robotics, aligning with its "1+3+N" industrial new pattern [2] - The collaboration with 昱拓智能 will strengthen the company's position in the robotics field, supporting future technological accumulation and business expansion, thereby enhancing overall competitiveness centered on intelligent control [2]

Group 1 - The company, 瑞德智能, announced an investment of 40 million yuan in 深圳昱拓智能有限公司, with 10 million yuan coming from its own funds and 30 million yuan from 上海创东方厚泽创业投资合伙企业 [1] - After the investment, the company will hold a 2.2989% stake in the target company, which will not be included in the company's consolidated financial statements [1] - 昱拓智能 focuses on power plant scenarios and has developed a comprehensive capability combining hardware, software, and data, becoming a leader in the power plant robotics sector [1] Group 2 - The industry benefits from clear policy-driven transformation towards energy intelligence, with a potential market size exceeding 30 billion yuan and a currently low penetration rate, indicating strong growth certainty [2] - This investment is a key move for the company to establish an ecological layout in strategic new sectors like robotics, aligning with its "1+3+N" industrial new pattern [2] - The collaboration with 昱拓智能 will strengthen the company's industrial chain cooperation and support future technological accumulation and business expansion in the robotics field [2]

Core Viewpoint - 瑞德智能 is investing in 深圳昱拓智能有限公司 to enhance its position in the robotics sector, particularly in the energy industry, which is experiencing significant growth due to policy-driven smart energy transformation [1][2] Investment Details - 瑞德智能 and 上海创东方厚泽创业投资合伙企业 are collectively investing 40 million RMB in 昱拓智能, with 瑞德智能 contributing 10 million RMB [1] - After the investment, 瑞德智能 will hold a 2.2989% stake in 昱拓智能, which will not be included in the company's consolidated financial statements [1] Company Overview - 昱拓智能 focuses on the power plant sector, offering a comprehensive solution that integrates hardware, software, and data, and has established itself as a leader in the robotics niche within this field [2] - The company has developed key products such as track inspection robots and operational robots, which are deeply integrated with major clients like 国家电投 [2] Market Potential - The industry in which 昱拓智能 operates is expected to benefit from a clear policy drive towards energy smart transformation, with a potential market size exceeding 30 billion RMB and a currently low penetration rate, indicating strong growth certainty [2] Strategic Importance - The investment aligns with 瑞德智能's strategy of establishing an ecosystem in strategic new sectors, particularly robotics, and aims to strengthen collaboration within the industry chain [2] - This partnership is expected to support 瑞德智能's future technological accumulation and business expansion in the robotics field, enhancing its overall competitiveness [2]

证券代码：301135 证券简称：瑞德智能 公告编号：2025-079 广东瑞德智能科技股份有限公司 关于投资深圳昱拓智能有限公司的公告 本公司及董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、误导性陈述或者重大遗漏。 一、对外投资概述 广东瑞德智能科技股份有限公司（以下简称"公司"或"瑞德智能"）和上 海创东方厚泽创业投资合伙企业（有限合伙）拟对深圳昱拓智能有限公司（以下 简称"昱拓智能"或"标的公司"）进行增资，并于近日与昱拓智能原股东欧阳 峰、樊绍胜、罗江潮、黄明星、姜景国、深圳市昱翰投资合伙企业（有限合伙）、 深圳市昱能投资合伙企业（有限合伙）、芜湖鑫能一号股权投资合伙企业（有限 合伙）、广东粤科昱拓股权投资合伙企业（有限合伙）、国电投科技创新股权投 资基金（天津）合伙企业（有限合伙）、厦门市美桐贰期股权投资合伙企业（有 限合伙）及标的公司昱拓智能签署投资协议。本次合计增资 4,000 万元，其中公 司以自有资金出资 1,000 万元人民币（其中 124.68 万元计入注册资本，其余计入 资本公积）；上海创东方厚泽创业投资合伙企业（有限合伙）出资 3,000 万元人 民币（其中 37 ...

Group 1 - The company has indicated that some of its designed and developed controllers are capable of integrating with HUAWEI HiLink and the HarmonyOS ecosystem [2]

Core Viewpoint - The "Mobile Love Home Desktop Robot" will debut at the China Mobile Global Partner Conference from October 11 to 13, 2025, with key control components provided by Ruide Intelligent [2]. Group 1: Company Information - Ruide Intelligent confirmed its role in providing the core control hub, a high-performance intelligent controller, for the upcoming desktop robot [2]. - The controller integrates several self-developed technologies, including high-precision motion control, low-latency communication, and multi-device collaborative scheduling algorithms, ensuring smooth execution of complex tasks and seamless integration into the smart home ecosystem [2]. - The collaboration highlights market recognition of the company's technological capabilities, with plans to further deepen the integration of "AI + hardware" innovation and expand the application of intelligent controllers in broader fields [2].

Core Viewpoint - The company has established a strategic partnership with Shunde Vocational and Technical College to advance technology in humanoid robots and other key areas of intelligence [2] Group 1: Strategic Partnerships - The company has formed a strategic cooperation with Shunde Vocational and Technical College to tackle technical challenges through industry-academia collaboration [2] - The partnership aims to promote the company's progress in key areas such as humanoid robots [2] Group 2: Product Development - The company has developed a high-performance intelligent controller for its "Mobile Love Home Desktop Robot," which integrates several self-developed technologies, including high-precision motion control and low-latency communication [2] - The company has achieved significant shipment milestones with its cooking robots and pool cleaning robots, including collaborations with Tian Ke and companies in the Xiaomi ecosystem [2] Group 3: Future Directions - The company is in the early stages of research and development for products and technologies in the low-altitude flight sector, with no specific collaborations formed yet [2] - Future plans include leveraging market demand and technological trends, as well as pursuing resource and technology sharing through investments and acquisitions to enhance competitiveness in the intelligent control field [2]