Cheersson(SZ:002976) Chang Jiang Shang Bao·2025-12-30 23:22Core Insights - 瑞玛精密 has successfully expanded its market presence, securing a significant order for air spring assemblies from a domestic automaker, with an estimated sales value of approximately 1.342 billion yuan over a six-year project lifecycle, marking a new high for single orders in this product category [1][2] Group 1: Business Performance - Since 2025, 瑞玛精密 has secured four orders for air spring assemblies for new energy vehicle models, totaling approximately 2.499 billion yuan in expected sales [1][2] - The company reported a revenue of 1.435 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 19.49%, with a net profit of approximately 21.02 million yuan [4] - The automotive sector has become the main revenue driver, with a revenue of 747 million yuan in the first half of 2025, up 19.51% year-on-year [4] Group 2: Product Development and Market Trends - Air spring assemblies are critical components of air suspension systems, enhancing comfort, control, and energy efficiency in new energy vehicles, leading to increased market demand [2][3] - The company is focusing on expanding its production capacity and has raised 632 million yuan through a private placement to invest in air suspension systems and related projects [3] Group 3: Research and Development - 瑞玛精密 has consistently increased its R&D investment, with expenditures reaching approximately 102 million yuan in the first three quarters of 2025, representing a R&D expense ratio of 7.11% [4] - Cumulatively, the company has invested around 412 million yuan in R&D over the past five years, emphasizing innovation as a core element of its growth strategy [4] Group 4: Global Expansion - The company has implemented a global development strategy, with operations spanning Asia, Europe, and the Americas, and has established production bases in locations such as Querétaro, Mexico, and Coventry, UK [4]