瑞立科密启动招股 主动安全系统“硬核技术”筑牢行业地位

Core Viewpoint - Rui Li Kemi (001285) is launching an initial public offering (IPO) to strengthen its position in the active safety system industry, focusing on the development, production, and sales of core components related to vehicle active safety systems [1][2]. Group 1: Company Overview - Rui Li Kemi specializes in the research, development, production, and sales of active safety systems for motor vehicles and aluminum alloy precision die-casting parts, recognized as a national high-tech enterprise [1]. - The company is one of the few in China with the capability to develop key active safety systems such as ABS, ESC, EBS, EPB, and ECAS, covering mainstream technical routes in braking systems for commercial vehicles, passenger cars, and motorcycles [1][2]. Group 2: Market Position and Performance - Over 20 years, Rui Li Kemi has become a leading enterprise in the commercial vehicle active safety system sector, with its brand "Kormee" recognized as a top industry brand [2]. - From 2014 to 2023, Rui Li Kemi's production and sales of pneumatic electronic control braking products, including ABS, ranked first in the industry for ten consecutive years [2]. - The company maintained a leading market share in pneumatic electronic control braking systems from 2021 to 2023, as certified by the China Association of Automobile Manufacturers [2]. Group 3: Research and Development - Rui Li Kemi views research and innovation as vital for its development, with R&D expenditures of approximately 93.73 million yuan, 96.79 million yuan, and 115.83 million yuan from 2022 to 2024, respectively [2]. - As of the end of 2024, the company holds 459 authorized patents, including 58 invention patents and 93 software copyrights, with 22 core technologies closely related to its main business and products [2][3]. Group 4: Technological Achievements - The company has received national recognition for its technological advancements, including a second-class National Science and Technology Progress Award in 2019 and multiple awards for its projects in 2022 [3]. - Rui Li Kemi has established strategic partnerships with major vehicle manufacturers, including FAW Jiefang, China National Heavy Duty Truck Group, and Dongfeng Motor Group, and has begun exporting to markets in Europe and the United States [3]. Group 5: Financial Performance - In 2024, Rui Li Kemi is projected to achieve revenue of 1.977 billion yuan, with expected revenue for January to September 2023 ranging from 1.55 billion yuan to 1.73 billion yuan, reflecting a year-on-year growth of 13.82% to 27.04% [3]. Group 6: Use of IPO Proceeds - The funds raised from the IPO will be allocated to projects including the establishment of a smart electric control system R&D headquarters in the Greater Bay Area, R&D center construction, information technology projects, and to supplement working capital, enhancing the company's core competitiveness and promoting sustainable development [4].