2023年1月，瑞玛精密投资设立控股子公司普莱德科技，步入空气悬架业务领域。如今，普莱德科技智 能空气悬架产品已取得多个整车厂的项目定点，截至目前，公司共披露定点项目5个，合计金额约31.37 亿元。 国内新能源车的迅速发展是空气悬架行业爆发的核心驱动力。一方面，新能源汽车对续航里程较为敏 感，空气悬架能在一定程度上提升其续航里程。新能源汽车高速行驶时，需要消耗大量能源对抗风阻， 空气悬架可以调整汽车底盘高度，从而降低新能源汽车的风阻。 11月28日，瑞玛精密(002976)盘中涨停，报收于28.44元/股。 消息面上，11月29日上午，瑞玛精密控股子公司普莱德汽车科技（苏州）有限公司（以下简称"普莱德 科技"）全国首套三腔智能空气悬架产品下线仪式在苏州工业园区普莱德科技厂区成功举行，政府有关 部门领导、公司战略合作客户、瑞玛精密董事长陈晓敏等人出席并致辞。 智悬科技正成为行业的风向标，在团队的见证下，普莱德科技自主研发的三腔智能空气悬架产品亮相舞 台。 当前，国内乘用车应用空气悬架的车型大多采用的是单腔或双腔空气弹簧，但由于单腔、双腔空气弹簧 在刚度变化方面的局限性，进而出现了三腔空气弹簧。空气弹簧的腔室越 ...

Group 1: Financial Performance - The company's net profit for the first three quarters has declined year-on-year due to geopolitical conflicts affecting overseas market demand, strategic capacity expansion investments, and increased costs from talent reserves and R&D projects [2] - Revenue remained stable, but profits are under short-term pressure, with domestic business expansion showing steady growth [2] - R&D expenses for the first three quarters of 2025 amounted to 33.45 million CNY, focusing on technology iteration and capacity upgrades [3] Group 2: Production and Business Development - The Thailand production base is currently in the equipment installation and debugging phase, expected to commence production by the end of this year [3] - The company has established a robotics division, with transmission system products already applied in industrial robots and generating order revenue [3] - Future strategic planning will focus on capacity upgrades, market expansion, and technological breakthroughs [3] Group 3: Market and Risk Management - The company is taking measures to mitigate geopolitical risks affecting overseas revenue, including localizing production and optimizing market layout [4] - The overseas customer base is primarily concentrated in Europe and Southeast Asia, with a diversified market strategy to reduce reliance on any single region [4] - Management is enhancing communication with investors and considering dividend plans to boost market confidence [3][4]

Group 1: Financial Performance - In the first three quarters of 2025, the company achieved total revenue of 674 million RMB, a year-on-year increase of 0.58% [3] - The net profit attributable to shareholders was 84.94 million RMB, a year-on-year decrease of 27.74% [3] - The company faced challenges due to geopolitical conflicts affecting overseas market demand and increased costs from strategic capacity expansion and R&D projects [3] Group 2: Strategic Developments - The company is investing up to 260 million RMB in its Thailand production base, which will be built in phases to enhance international market share [3] - A strategic partnership was established with Jianghuai Automobile, involving equity acquisition in a subsidiary to expand into the liquid cooling market [3][4] - The collaboration aims to leverage both companies' resources to address the growing demand for thermal management systems in electric vehicles and data centers [4] Group 3: Market Opportunities - The partnership with Jianghuai is expected to enhance the company's position in the high-end passenger vehicle supply chain and create new business opportunities in emerging markets [4] - The integration of technology and market resources from both companies aims to establish a leading position in liquid cooling solutions for automotive, energy storage, and data center applications [4]

Core Viewpoint - Meili Technology is actively expanding into the humanoid robot spring market, leveraging its extensive experience in the spring industry to develop high-precision, high-strength springs that enhance the performance of robots [2][5][6]. Group 1: Company Background and Development - Founded 35 years ago, Meili Technology started as a small spring workshop in Zhejiang, initially producing springs for fire extinguishers and later expanding into motorcycle and automotive springs [3][5]. - The company has accumulated significant experience in the spring industry, which supports its entry into new sectors such as the automotive air suspension spring market and humanoid robotics [3][5]. Group 2: Technological Advancements - Meili Technology has established a dedicated robotics team from its pool of over 120 R&D personnel, successfully launching small batches of robot springs within three months [2][5]. - The company is focusing on developing air suspension springs for new energy vehicles, a technology previously dominated by foreign companies, and has successfully created a prototype that passed customer validation [5][6]. Group 3: Market Opportunities - The rapid growth of the domestic new energy vehicle market presents a significant transformation opportunity for Meili Technology, prompting the company to pursue higher technical barriers in its product offerings [5]. - The company anticipates that the added value of robot springs could lead to a new billion-dollar market segment, indicating strong future growth potential [6].

Core Viewpoint - The article discusses the rising importance of air suspension systems in the automotive industry, particularly among leading domestic car manufacturers in China, highlighting the competitive landscape and the growth potential for companies like Ruima Precision [3][4]. Group 1: Market Demand and Company Developments - Ruima Precision's subsidiary received a notification to supply air spring assemblies for a domestic electric vehicle, with a project lifecycle of 7 years and an expected total sales of 336 million [3]. - In its 2024 annual report, Ruima Precision disclosed that its air suspension products have received notifications from two domestic car manufacturers, with projected sales of 1.26 billion for Project A and 1.08 billion for Project B over their respective lifecycles [4][5]. - The subsidiary Pride (Suzhou) is the core operational entity for Ruima Precision's air suspension business, which reported negligible revenue of 256,900 in 2024 [5]. Group 2: Financial and Competitive Landscape - Ruima Precision is actively raising funds to expand production capacity, with a 632 million capital increase submitted for registration, of which 359 million is allocated for the construction of air suspension systems and component production bases [5]. - Despite the booming market demand and the company's fundraising efforts, Ruima Precision is still considered a newcomer in the air suspension sector, raising questions about the current competitive landscape in China's air suspension market [7].