Recodeal(688800) 证券时报网·2025-04-14 13:11Core Insights - The company, Ruikeda, reported a revenue of 2.41 billion yuan for 2024, marking a year-on-year growth of 55.3%, with a net profit of 175 million yuan, up 28.1% [1] - The company plans to distribute a dividend of 3.5 yuan per 10 shares and issue 3 additional shares for every 10 shares held [1] - The fourth quarter of 2024 saw a revenue of 825 million yuan, reflecting a 60.4% increase year-on-year, and a net profit of 69.31 million yuan, up 69.1% [1] Company Overview - Ruikeda specializes in the research, production, sales, and service of connector products, recognized as a national "little giant" enterprise [1] - The company’s product range includes connectors, connector components, and modules, with capabilities in optical, electrical, microwave, fluid, and data connectors [1] Growth Drivers - The revenue increase in 2024 is attributed to higher penetration rates in sectors such as new energy vehicles, energy storage, industrial robots, rail transportation, industrial control, autonomous driving, and base station communication [1] - The company’s production capacity in overseas factories in Mexico and the United States is ramping up, contributing to an increasing market share [1] - New projects in humanoid robots, low-altitude aircraft, medical applications, servers, and data centers are entering trial and mass production phases [1] Technological Advancements - The company achieved breakthroughs in several technologies and products, including liquid cooling ultra-fast charging technology and medical endoscopes [2] - Development of high-speed copper cable connectors for the AI sector and ultra-fast charging connectors for new energy vehicles has been completed [2] - The company emphasizes the growth potential of connectors in emerging fields, particularly in communication technologies driven by 5G and future 6G networks [2] Market Demand - The demand for connectors in the communication sector is expected to grow significantly due to advancements in 5G network construction, cloud computing, IoT, and data centers [2] - The introduction of large-scale MIMO technology in 5.5G base stations will increase the demand for connectors exponentially compared to 5G [2] - The rise of AI servers will lead to an increase in internal connections, further driving the demand for high-speed connectors [2] Robotics Sector - Connectors are crucial for the stable operation of robots, serving as the bridge for power, signal, and data transmission [3] - The need for high-speed, high-frequency communication and miniaturization in robotics will necessitate redesigning connectors, potentially increasing their value [3] Global Expansion - Ruikeda has successfully launched operations in overseas factories in the United States and Mexico, with significant sales growth and profitability in the U.S. [3] - The company has made progress in developing overseas markets, acquiring new high-quality clients and securing multiple project contracts [3]