瑞纳智能分析师会议-20250704

Group 1: Research Basic Information - The research object is Ruina Intelligent, belonging to the instrument and meter industry, with a reception time of July 4, 2025. The listed company's reception staff includes Director, Chief Financial Officer, and Board Secretary Chen Zhaohui, and Securities Affairs Representative Jiang Chengquan [16] Group 2: Detailed Research Institutions - The research institutions include Xinhua Fund (fund management company, represented by Zhang Shuai), CITIC Asset Management (asset management company, represented by Zhang Liqi), Chang'an Fund (fund management company, represented by Zhang Yunkai), Huisheng Fund (fund management company, represented by Huang Jing), and Guotai Haitong (securities company, represented by Yang Lin, Song Liang, and Zhong Minghan) [17] Group 3: Main Content AI Intelligent Heating System - The company's AI intelligent heating system integrates technologies such as "big data + cloud computing + AI model + hydraulic simulation + digital twin". It can adjust the secondary - side hydraulic balance through AI algorithms and building heating models, achieving load peak shaving and reducing heating energy consumption. The system consists of several subsystems and can achieve functions like accurate load prediction, intelligent scheduling control, etc. It can reduce heat consumption and carbon emissions by 10% - 30% and electricity consumption by 30% - 50% [22] Contract Energy Management Projects - Multiple contract energy management projects signed last year passed third - party audits in the first half of this year, indicating significant energy - saving effects. These projects help improve the company's performance and build a good brand reputation [22] Regional Expansion - The company continues to deepen cooperation in traditional strong markets like Shandong and focuses on potential regions such as the Northwest and North China to capture project opportunities [23][24] High Gross Margin - The company's high comprehensive gross margin is due to high R & D investment, self - production of most products, a direct sales model, and a one - stop intelligent heating solution [24] Industry Policy - The government continues to promote urban renewal and infrastructure construction. Since 2024, relevant policies have promoted the transformation of the heating industry from traditional to AI - intelligent heating [24]