Streamax(SZ:002970) Chang Jiang Shang Bao·2026-01-20 00:01Core Viewpoint - Rui Ming Technology (002970.SZ) is experiencing significant growth in its main business, driven by overseas market expansion and a focus on AI and video technology solutions for commercial vehicles, with a projected net profit of 370 million to 400 million yuan for 2025, representing a year-on-year increase of 27.58% to 37.92% [1][2] Group 1: Financial Performance - The company expects to achieve a net profit of 3.7 billion to 4 billion yuan in 2025, marking a historical high and a continuous increase for three consecutive years [2] - In 2023 and 2024, Rui Ming Technology reported revenues of 1.699 billion yuan and 2.777 billion yuan, with year-on-year growth rates of 22.8% and 63.45% respectively [2] - The company's overseas revenue reached 769 million yuan in the first half of 2025, showing a year-on-year increase of 27.84%, accounting for 66.51% of total revenue [5] Group 2: Business Expansion and Strategy - Rui Ming Technology has expanded its business to over 100 countries and regions, capitalizing on the commercial opportunities presented by AI in the commercial vehicle sector [4] - The company has established an intelligent manufacturing center in Vietnam and plans to enhance its overseas supply chain capabilities with the construction of a second factory [4] - The company is focusing on AI solutions for commercial vehicles, with a commitment to advancing from assisted driving to higher-level intelligent driving, supported by over 80 mature AI algorithms [5] Group 3: Product Development - The company's pre-installed business has seen significant growth, with revenues reaching 107 million yuan in the first half of 2025, a year-on-year increase of 198.5% [3] - Rui Ming Technology is committed to increasing R&D investment to maintain global competitiveness in core solutions and to advance research and productization in the field of commercial vehicle autonomous driving [5]