Group 1: Company Overview - Rui Li Ke Mi is a national high-tech enterprise specializing in the research, production, and sales of core components related to active safety systems for motor vehicles [1][3] - The company has developed capabilities in various active safety systems including ABS, ESC, EBS, EPB, and ECAS, and its products are widely used in commercial vehicles, passenger cars, and motorcycles [1][3] Group 2: Financial Performance - For the years 2022 to 2024, Rui Li Ke Mi is projected to achieve operating revenues of 1.33 billion, 1.76 billion, and 1.98 billion CNY, respectively, with net profits of 97 million, 236 million, and 269 million CNY [4] - The company has experienced significant fluctuations in its financial performance, with a notable reliance on raw materials such as chips and aluminum ingots, which account for over 35% of its procurement [4] Group 3: Market Position - Rui Li Ke Mi has maintained a leading position in the commercial vehicle pneumatic electronic braking system sector, ranking first in production and sales of ABS products for ten consecutive years from 2014 to 2023 [3] - The company's brand "Kormee" has become a top-tier brand in the industry, and it has established partnerships with major domestic vehicle manufacturers and exports to Europe and the United States [3] Group 4: Investment and Future Plans - The company plans to invest 8.81 billion CNY in the development of an intelligent electronic control system headquarters in the Greater Bay Area and 3.08 billion CNY in a research and development center [2][3] Group 5: Company Overview (Yunhan Xincheng) - Yunhan Xincheng is an innovative high-tech enterprise that integrates electronic component distribution with industrial internet, focusing on the R&D, production, and procurement needs of small-batch electronic components [4][10] - The company is recognized as a leading B2B enterprise in the electronic components sector in China [4][10] Group 6: Financial Performance (Yunhan Xincheng) - Yunhan Xincheng's projected operating revenues for 2022 to 2024 are 4.33 billion, 2.64 billion, and 2.58 billion CNY, with net profits of 136 million, 79 million, and 88 million CNY, respectively [10][11] Group 7: Investment and Future Plans (Yunhan Xincheng) - The company intends to allocate funds towards upgrading its big data center and component trading platform, building an electronic industry collaborative manufacturing service platform, and establishing intelligent shared warehousing [7][10]

Core Insights - The company, 瑞立科密, is conducting an initial public offering (IPO) and has presented its online roadshow on September 18, focusing on its core business and technology [1] - The funds raised will be invested in projects that enhance the company's main business, including the establishment of a headquarters for automotive intelligent electronic control systems in the Greater Bay Area, a research and development center, and information technology projects [1] - These investments aim to upgrade and expand the active safety systems for motor vehicles, thereby strengthening the company's core competitiveness and optimizing its asset-liability structure for sustainable development [1] Company Overview - 瑞立科密 was established in 2001 and is recognized as a national high-tech enterprise specializing in the research, production, and sales of core components related to active safety systems for motor vehicles [1] - The main business includes the development, production, and sales of active safety systems for motor vehicles and precision aluminum alloy die-casting parts, along with technical services [1]

Core Viewpoint - Rui Likomi (001285) is focused on customer needs and has developed a robust quality management system over more than 20 years, enabling it to meet the demands of large automotive manufacturers [1] Company Overview - Rui Likomi was established in 2001 and specializes in the research, production, and sales of core components related to active safety systems for motor vehicles, as well as aluminum precision die-casting parts [1] - The company is recognized as a national high-tech enterprise [1] Quality Management and Certifications - The company has established a comprehensive quality management system that includes R&D, supply chain, management, sales, and after-sales service [1] - It has obtained various certifications, including EU E-mark product certification, IATF16949 quality management system certification from TÜV Rheinland, CMMI Level 3 certification, ISO 14001 environmental management system certification, and ISO 45001 occupational health and safety management system certification [1] Production Capabilities - Rui Likomi possesses advanced production and testing equipment, along with an automated production model, which allows it to handle large volume orders from major automotive manufacturers [1] - The strong production capacity enables the company to meet requirements in terms of supply quantity, product quality, and delivery timelines, thereby attracting more high-quality customer resources [1]

Core Viewpoint - 瑞立科密 is a leading domestic enterprise in the active safety system for commercial vehicles, focusing on the research, development, production, and sales of core components related to vehicle active safety systems and aluminum alloy precision die-casting [1][2]. Company Overview - 瑞立科密's main business includes the development, production, and sales of active safety systems and aluminum alloy precision die-casting parts, along with technical services [1]. - The company has achieved significant technological breakthroughs and market penetration, providing cost-effective solutions to vehicle manufacturers [1]. Market Position - 瑞立科密 has established partnerships with major domestic vehicle manufacturers such as FAW Jiefang, China National Heavy Duty Truck Group, Dongfeng Motor Group, and others, and has also entered international markets [2]. - The company has ranked first in the production and sales of air pressure electronic control braking products, including ABS, for ten consecutive years from 2014 to 2023 [2]. Financial Performance - Projected revenues for 瑞立科密 are approximately 1.33 billion yuan, 1.76 billion yuan, and 1.98 billion yuan for the years 2022, 2023, and 2024, respectively [3]. - Net profits for the same years are estimated to be around 105 million yuan, 239 million yuan, and 275 million yuan [3]. Investment Projects - The total investment for 瑞立科密's projects amounts to approximately 15.22 billion yuan, with significant allocations for the establishment of an automotive intelligent electronic control system headquarters and R&D center [3]. - The company plans to utilize the funds raised from its issuance for various projects, including working capital [3]. Financial Metrics - As of December 31, 2024, total assets are projected to be approximately 2.84 billion yuan, with a net profit of around 274.80 million yuan [4]. - The company has shown a decreasing trend in asset-liability ratio, improving from 50.37% in 2022 to 37.98% in 2024 [4]. - Basic earnings per share are expected to increase from 0.72 yuan in 2022 to 1.99 yuan in 2024 [4].

Group 1 - The company, Guangzhou Ruili Kemi Automotive Electronics Co., Ltd., plans to issue 45.044546 million shares in its initial public offering, with a strategic placement of 4.504454 million shares [1] - The total amount of funds to be raised, after deducting issuance costs, is intended for investment in the company's automotive intelligent electronic control system R&D headquarters, R&D center construction, information technology projects, and to supplement working capital, totaling 1.522 billion yuan [1] - The company is a national high-tech enterprise specializing in the R&D, production, and sales of core components related to active safety systems for motor vehicles [2] Group 2 - The company's main business includes the R&D, production, and sales of active safety systems and aluminum alloy precision die-casting parts, along with technical services [2] - It is one of the few domestic companies capable of developing active safety systems such as ABS, ESC, EBS, EPB, and ECAS, covering mainstream technical routes in pneumatic/hydraulic braking and electronic/line control braking [2] - The projected net profits attributable to the parent company for the years 2022 to 2024 are 96.9647 million yuan, 236 million yuan, and 269 million yuan, respectively [2]

Core Viewpoint - Ruikemi (001285.SZ) plans to issue 45.044546 million shares in its initial public offering, with a strategic placement of 4.504454 million shares, aiming to raise funds for various projects and working capital [1] Company Overview - The company specializes in the research, production, and sales of core components related to active safety systems for motor vehicles, recognized as a national high-tech enterprise [1] - Main business includes the development, production, and sales of active safety systems and aluminum precision die-casting parts, along with technical services [1] Product Capabilities - The company is one of the few in China with the capability to develop active safety systems such as Anti-lock Braking System (ABS), Electronic Stability Control (ESC), Electronic Brake Control System (EBS), Electronic Parking Brake (EPB), and Electronic Controlled Air Suspension (ECAS) [1] - Core products cover mainstream technical routes including pneumatic/hydraulic braking and electronic/line control braking, widely used in commercial vehicles, passenger cars, and motorcycles [1] Financial Performance - The net profit attributable to the parent company is projected to be 96.9647 million yuan for 2022, 236 million yuan for 2023, and 269 million yuan for 2024 [1] Fundraising Purpose - The funds raised from the IPO, after deducting issuance costs, will be invested in the establishment of the Ruikemi Greater Bay Area Automotive Intelligent Electric Control System R&D Headquarters, R&D center construction projects, information technology projects, and to supplement working capital [1] - The total amount of funds to be raised is 1.522 billion yuan [1]

Core Viewpoint - Guangzhou Ruili Kemi Automotive Electronics Co., Ltd. has submitted its IPO application to the Shenzhen Stock Exchange, aiming to raise approximately 1.52162 billion yuan, with CITIC Securities as its sponsor [1] Company Overview - Ruili Kemi specializes in the research, production, and sales of core components related to active safety systems for motor vehicles, and is recognized as a national high-tech enterprise [1] - The company has developed capabilities in the forward development of various active safety systems, including ABS, ESC, EBS, EPB, and ECAS, making it one of the few domestic companies with such expertise [1] Market Position - Ruili Kemi's products cover mainstream technology routes such as pneumatic braking, hydraulic braking, electronic control braking, and wire control braking, widely used in commercial vehicles, passenger cars, and motorcycles [1] - The company has maintained the leading position in the market for its pneumatic electronic control braking products, with production and sales of ABS ranking first in the industry for ten consecutive years from 2014 to 2023 [2] Financial Performance - The company reported sales of commercial vehicles of 3.3005 million, 4.031 million, and 3.873 million units over the last three years, with market shares for ABS, ESC, and EBS products in the commercial vehicle sector at 24.00%, 23.72%, and 27.92% respectively [2] - Projected revenues for 2022, 2023, and 2024 are approximately 1.326 billion yuan, 1.76 billion yuan, and 1.977 billion yuan, with net profits of about 105 million yuan, 239 million yuan, and 275 million yuan respectively [3] Investment Projects - The total investment for the projects funded by the IPO proceeds includes the establishment of an intelligent electronic control system headquarters in the Greater Bay Area, a research and development center, and information technology construction, totaling approximately 152.16 million yuan [3] Financial Metrics - As of December 31, 2024, the total assets are projected to be approximately 2.8379349 billion yuan, with total equity attributable to the parent company at around 1.6995196 billion yuan [4] - The company’s operating revenue for 2024 is expected to reach approximately 1.9773723 billion yuan, with a net profit of about 2747974 million yuan [4] - The basic and diluted earnings per share are projected to be 1.99 yuan for 2024, with a return on equity of 17.20% [4]