此外，锐明技术的技术也适配于矿山、环卫、工程机械等特种车辆的严苛作业环境，通过定制化方案显 著提升了相关领域的安全与运营效率。这种跨场景的落地能力，展现了其技术平台强大的适应性与可扩 展性。 在技术路线上，锐明技术坚持从底层到应用的全栈自研，逐步构筑起扎实的技术护城河。截至目前，公 司已积累超过80种智能算法，覆盖了从高级驾驶辅助、紧急制动，到驾驶员状态监测、盲区监测等关键 安全场景。尤其值得一提的是其基于AI大模型自主研发的SafeGPT系统，这标志着公司的技术能力迈上 了一个新台阶。该系统能够融合时序数据、个人驾驶习惯、路面环境、车辆实时状态等多种信息，构建 出科学的风险预测模型，真正实现了从"事后追溯"到"事前预警"的跨越。 近年来，全球范围内商用车安全法规的持续收紧，为锐明技术的业务发展注入了强劲动力。无论是欧 盟、美国，还是中国市场，都陆续出台或计划推出新规，强制要求新上市商用车配备自动紧急制动、驾 驶员监测等主动安全系统。这让相关产品从"可选项"变成了"必选项"，市场空间也由此更加清晰和确 定。而凭借成熟的技术与完善的产品线，锐明技术正稳稳站立在这一轮行业浪潮的前沿。 具体到应用场景，锐明技术的解 ...

Company Overview - Rui Ming Technology, a provider of AI solutions for commercial vehicles, has submitted its prospectus to list on the Hong Kong Stock Exchange [1] - The company primarily offers two major solutions: AI solutions and video equipment [1] Financial Performance - Revenue projections for Rui Ming Technology are as follows: RMB 1.229 billion in 2022, RMB 1.5 billion in 2023, and RMB 1.998 billion in 2024 [1] - Gross profit is expected to be RMB 466 million in 2022, RMB 656 million in 2023, and RMB 918 million in 2024, with corresponding gross margins of 37.9%, 43.6%, and 46% [1] - The company reported a net loss of RMB 167 million in 2022, a profit of RMB 98 million in 2023, and a projected profit of RMB 294 million in 2024, with profit margins of -13.6%, 6.5%, and 14.7% respectively [1] Revenue Breakdown - In the first half of 2025, Rui Ming Technology generated revenue of RMB 1.156 billion, a 27.6% increase from RMB 906 million in the same period of the previous year [2] - The revenue from AI-assisted driving systems accounted for RMB 851 million, representing 73.6% of total revenue, while revenue from AI fleet management systems was RMB 86.64 million (7.5%), and video equipment contributed RMB 186 million (16.1%) [3] Client Base - The company’s major clients include system integrators for video remote information processing and complete vehicle manufacturers [4] - Revenue from the top five clients for the years 2022, 2023, and 2024 was RMB 244 million, RMB 272 million, and RMB 342 million, respectively, accounting for 19.9%, 18.1%, and 17.1% of total revenue [4] Industry Insights - The global commercial vehicle visual AI solutions industry is experiencing rapid growth, characterized by high market concentration among the top five players [5] - Companies with strong R&D capabilities, robust supply chains, and high customer engagement are better positioned to maintain competitive advantages in this evolving market [5] Dividend Distribution - Rui Ming Technology has declared dividends of RMB 17.3 million, RMB 34.6 million, RMB 138 million, and RMB 124 million for the years 2022, 2023, 2024, and the first half of 2025, respectively [5]

Group 1 - Shenzhen Ruiming Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming for a main board listing [1] - The company is a leading global provider of AI solutions for commercial vehicles, focusing on two main objectives: safety and efficiency in the commercial vehicle sector [1]