雷赛智能拟募11.44亿夯实制造实力 业绩稳增总资产28.22亿创历史新高

Core Viewpoint - The company, LeadSmart (雷赛智能), is accelerating capacity expansion and technological upgrades in the motion control sector, planning to raise up to 1.144 billion yuan through a targeted issuance of shares to fund core component R&D, information system upgrades, and working capital needs [1][2]. Financial Performance - For the first three quarters of 2025, LeadSmart reported revenue of 1.3 billion yuan, a year-on-year increase of 12.57%, and a net profit attributable to shareholders of 160 million yuan, up 11.01% [1][6]. - The total assets of LeadSmart reached 2.822 billion yuan by the end of Q3 2025, marking a 24.21% increase year-on-year, with a debt-to-asset ratio of 40.9% [1][7]. R&D Investment - LeadSmart has maintained a high R&D expense ratio, with cumulative R&D expenses reaching 870 million yuan from 2021 to the first three quarters of 2025, consistently above 10% [1][6]. - The R&D expense ratio for the first three quarters of 2025 was 12.77%, reflecting the company's commitment to technological innovation [1][6]. Fundraising and Investment Focus - The planned fundraising will allocate 753 million yuan (65.82% of total) to core component R&D and industrialization projects, focusing on servo systems, stepper systems, and motion controllers [2][3]. - An additional 141 million yuan (12.33%) will be directed towards information system upgrades, enhancing digital management processes [3]. - The remaining 250 million yuan (21.85%) will be used to supplement working capital, addressing the growing operational funding needs [3]. Market Position and Growth - LeadSmart has established a comprehensive product matrix covering drivers, motors, and controllers, maintaining a leading position in the industry [1][6]. - The company has experienced significant growth since its IPO in 2020, with a revenue increase of 101.81% from 2019 to 2022, and a compound annual growth rate of 19.19% [5].