□ 本报记者 胡春春 "大而强""小而美"回归业绩增长 "次新股""隐形冠军"一路领涨 当前，市场普遍认为，本轮A股大涨主要是政策红利、产业升级和资金重构等多重因素的合力推动。整 体来看，新兴产业备受青睐，如通信设备、电子元件、生物制药等行业轮番领涨。 在本轮大涨中，最典型的"牛股"，来自细分领域龙头企业，尤其是上市5年以内的次新股。这得益于江 苏近年来持续布局战略性新兴产业，在许多细分领域陆续跑出一批隐形冠军。这些细分领域龙头走向资 本市场后，集聚人才、技术、市场等资源要素，获得快速发展。 2023年上市的茂莱光学是国内超精密光学龙头企业，凭借精密光学产品成为许多头部半导体企业的供应 商。作为国内模拟芯片领军企业，思瑞浦于2020年上市，被认为是所处行业国产替代的代表，今年上半 年该公司净利润同比增长约200%。隆扬电子2022年上市，该公司不仅是电磁屏蔽材料的细分龙头，也 是目前全球唯二能量产HVLP5+铜箔的企业。据了解，该公司一笔与中国台湾台光电子的订单已签至 2027年。 从产业链上看，在新能源汽车产业链上，中材科技、瑞可达等都受益于新能源车渗透率提升及国产替代 加速。在智能制造与工业4.0上，主营 ...

Group 1 - The company, Rongqi Technology (301360), is aligning with the national strategy for the intelligent upgrade of the manufacturing industry [1] - The company is continuously deepening its technological research and development [1] - The company provides intelligent equipment suitable for production and quality inspection processes, helping clients significantly improve production efficiency, product quality, and resource utilization [1]

Group 1 - The stock price of Ruishun Technology on July 29 was 34.10 yuan, down 1.73% from the previous trading day, with a trading volume of 18,591 hands and a transaction amount of 0.64 billion yuan [1] - Ruishun Technology specializes in robotics and intelligent manufacturing, with its main business being the research, production, and sales of industrial automation equipment, which is widely used in automotive manufacturing, electronic assembly, and medical devices [1] - In the 2024 annual report, it was noted that industrial business accounted for 99.78% of the company's revenue [1] Group 2 - On July 29, Ruishun Technology announced that shareholder Ke Xiping plans to reduce holdings by no more than 2.0013% of the total share capital, equivalent to 2.4489 million shares, while Shenzhen Qianhai Mibei Private Securities Fund Management Co., Ltd. plans to reduce holdings by no more than 1% of the total share capital, equivalent to 1.2237 million shares, totaling a maximum of 3.0013% [1] - On July 24, a technical expert team led by Zhang Shunmao, Senior Vice President of Huawei Technologies Co., Ltd., visited Ruishun Technology for research and discussions on key core technologies in industrial software and intelligent upgrades in manufacturing [1] - Ruishun Technology showcased its core products, including high-precision and high-speed six-axis parallel robots and AI-based machine vision technology during the visit [1]

Core Viewpoint - The company is focusing on enhancing the financing accessibility for manufacturing enterprises by leveraging its unique local corporate mechanism and continuously enriching its credit product system, which has resulted in a significant increase in loans to the manufacturing sector. Group 1: Financial Support and Loan Growth - As of the end of April, the loan balance directed towards the manufacturing sector reached 1.462 billion yuan, an increase of 52 million yuan since the beginning of the year, providing strong financial support for local manufacturing development [1] Group 2: Tailored Financial Services - The company actively provides specialized financial services for manufacturing enterprises, improving the convenience of business processing. For instance, a power technology company received a 3 million yuan mortgage loan to alleviate its funding pressure during expansion [2] Group 3: Cost Reduction and Product Innovation - To effectively reduce financing costs for manufacturing enterprises, the company has implemented differentiated credit policies, offering preferential interest rates to specialized, large-scale, and technology-driven manufacturing clients. Additionally, it has launched innovative financial products like "Enterprise Working Capital Loan" and "Flow Easy Loan" to meet diverse financing needs [3] Group 4: Commitment to Upgrading Manufacturing - The company will continue to uphold its mission of serving the real economy by providing more efficient financial services and precise credit support to inject strong momentum into the "smart" manufacturing upgrade, aiming to enhance service quality and efficiency for high-quality local economic development [4]

Financial Performance - The company achieved a revenue of 101,483.72 million yuan in 2024, a decrease of 11.73% year-on-year [4] - The net profit attributable to shareholders was 15,030.49 million yuan, an increase of 49.48% year-on-year [4] - The total profit amounted to 18,707.79 million yuan, up 59.45% compared to the previous year [4] - The gross profit margin was 20.78%, a decrease of 7.23% year-on-year, while the net profit margin increased by 85.05% to 14.59% [3] Accounts Receivable Management - The company improved its accounts receivable management system and credit limit issuance rules to enhance cash flow efficiency [3] - Monthly monitoring and collection efforts are in place for overdue accounts, with legal action considered when necessary [3] Market Strategy and Product Development - The company aims to become an international first-class comprehensive welding enterprise group, focusing on technology, management, and cultural innovation [5] - Continuous product innovation is emphasized, with over 200 national patents and a commitment to developing new technologies and products [6] - The company is expanding its product line to include laser welding and other series to meet diverse market demands [6] Environmental Responsibility - The company is committed to environmental protection and resource conservation, implementing measures to reduce waste and promote recycling [8] - Efforts are made to improve production processes to minimize energy consumption and pollution emissions [8] Competitive Advantages - The company has established strong core competencies in the welding equipment sector, including advantages in independent innovation, brand recognition, and quality [7] - The products are known for their high reliability, low failure rates, and competitive pricing, contributing to a strong market position [7] Future Outlook - The company plans to enhance its market share and operational efficiency while exploring sustainable development opportunities [14] - The management is optimistic about the industry's future, focusing on innovation and adapting to market trends [15]