Core Viewpoint - The article highlights the significant role of active safety systems in the automotive industry's transition towards electrification and intelligence, emphasizing the importance of domestic production for industry autonomy and global competitiveness [2][8]. Company Overview - 瑞立科密 has evolved from a follower to a leader in the domestic commercial vehicle active safety system market over 20 years, establishing itself as a key player in the industry [2][4]. - The company is one of the few in China capable of developing various active safety systems, including ABS, ESC, EBS, EPB, and ECAS, covering mainstream technical routes in braking safety for commercial vehicles, passenger cars, and motorcycles [3][4]. Market Position - 瑞立科密 has maintained the top position in the production and sales of ABS and other braking systems for ten consecutive years, with market shares of 24.00%, 23.72%, and 27.92% for ABS, ESC, and EBS in the commercial vehicle sector, respectively [3][4]. - The company has established strategic partnerships with major domestic vehicle manufacturers, including FAW Jiefang, Dongfeng Group, and SAIC, and has begun exporting to Europe and the United States [4][6]. Financial Performance - The company reported revenues of 1.326 billion yuan, 1.760 billion yuan, and 1.977 billion yuan for 2022, 2023, and 2024, respectively, with net profits of 96.96 million yuan, 236 million yuan, and 269 million yuan during the same period [4][6]. - The active safety system business accounted for 74.24%, 82.37%, and 82.49% of the company's main business revenue from 2022 to 2024, indicating a strong focus on this segment [4]. Technological Advancements - 瑞立科密 has developed core technologies in active safety systems, breaking the international monopoly held by companies like ZF, Knorr, Bosch, and Continental, thus contributing to the domestic automotive industry's self-sufficiency [6][7]. - The company has achieved significant technological milestones, including the development of various advanced control technologies and has been recognized with numerous patents and industry awards [7][8]. Market Opportunities - The global automotive industry is shifting towards emerging markets, with significant growth potential in new energy vehicles, as evidenced by a compound annual growth rate of 47.03% in China's new energy vehicle production from 2015 to 2024 [8][9]. - New regulations mandating the installation of electronic stability control systems and electronic braking systems in commercial vehicles are expected to create a market space of approximately 3 billion yuan, which 瑞立科密 is well-positioned to capitalize on [9]. Future Outlook - The company plans to leverage its upcoming IPO to enhance its research and development capabilities and strengthen its market position in the global automotive intelligent electronic control system sector [9].

Group 1 - The automotive wiring harness industry is defined and categorized, including its components and manufacturing processes [2][3] - The industry supply chain structure is analyzed, covering upstream supply markets such as copper, connectors, and wire and cable markets [2][3] - The market structure of the automotive wiring harness industry is examined, including product structure by location and voltage, as well as regional and application structures [2][3] Group 2 - The competitive landscape of the automotive wiring harness industry is assessed using Porter's Five Forces analysis, focusing on bargaining power of suppliers and buyers, threat of new entrants, threat of substitutes, and internal competition [3] - The competition methods in the market are analyzed, highlighting technological and cost competition [3] Group 3 - Global automotive wiring harness market demand and supply conditions are evaluated, including market size and regional structure [3][4] - The analysis of developed countries' automotive wiring harness markets, specifically in the US, Japan, and Germany, includes supply and demand conditions [3][4] Group 4 - The upstream supply market analysis includes detailed assessments of copper, PVC, engineering plastics, and rubber markets, focusing on production scales, consumption, and price trends [4][5][6] - The automotive wiring harness industry is segmented into various product analyses, including powertrain, front compartment, instrument panel, interior, and door harnesses [5][6] Group 5 - Future development predictions for the automotive manufacturing market and automotive electronics market are provided, including global and Chinese market analyses [6][7] - The automotive repair and used car markets are also analyzed, covering market conditions, operational models, and future trends [6][7] Group 6 - The technological development status of domestic and international wiring harness enterprises is reviewed, along with trends in automotive wiring harness products, such as lightweight, modular, and integrated designs [7][8] - Key automotive wiring harness enterprises are analyzed, both domestically and internationally, highlighting major players in the industry [7][8] Group 7 - Factors influencing the development of the automotive wiring harness industry are discussed, including supportive policies, stable automotive industry growth, and challenges such as a closed supplier system [8][11] - Investment analysis in the automotive wiring harness industry includes investment trends, directions, and recommendations for strategic focus based on customer needs [11]