Core Viewpoint - The company, Rujing Technology, focuses on innovation-driven strategies based on power electronics and motor control technology, aiming to convert technological reserves into value in emerging application scenarios [1] Group 1: Business Strategy - The company consolidates its competitive advantage in the HVAC/R sector while expanding into the new energy vehicle thermal management and automation and robotics sectors [1] - The strategic direction is to systematically advance the transformation of technology reserves into market opportunities, fostering new growth points [1] Group 2: Market Opportunities - The new energy vehicle sector has become a new engine for the company's performance growth, driven by the continuous increase in global penetration rates of new energy vehicles [1] - The ongoing growth in this sector significantly contributes to the overall performance increase of the company, supported by an optimized product and customer structure [1]

Core Viewpoint - Ruijing Technology experienced a decline of 2.27% in stock price on October 30, with a trading volume of 117 million yuan, indicating potential market volatility and investor sentiment concerns [1] Financing Summary - On October 30, Ruijing Technology had a financing buy-in amount of 18.28 million yuan and a financing repayment of 8.59 million yuan, resulting in a net financing buy of 9.70 million yuan [1] - The total financing and securities balance for Ruijing Technology reached 234 million yuan, accounting for 5.22% of its circulating market value, which is above the 90th percentile of the past year, indicating a high level of financing activity [1] - The company had no short selling activity on October 30, with a short selling balance of 0 shares, suggesting a lack of bearish sentiment among investors [1] Company Performance - As of October 20, Ruijing Technology had 9,600 shareholders, a decrease of 4.95% from the previous period, while the average circulating shares per person increased by 5.21% to 5,145 shares [2] - For the period from January to September 2025, Ruijing Technology reported a revenue of 999.7 million yuan, a year-on-year decrease of 1.45%, and a net profit attributable to shareholders of 134 million yuan, down 9.91% year-on-year [2] Dividend and Shareholding Information - Since its A-share listing, Ruijing Technology has distributed a total of 104 million yuan in dividends [3] - As of September 30, 2025, the top ten circulating shareholders included Guotai Intelligent Automotive Stock A as the second-largest shareholder with 3.03 million shares, an increase of 50,000 shares from the previous period [3] - Guotai Intelligent Equipment Stock A ranked seventh among the top shareholders with 936,000 shares, a decrease of 355,700 shares, while Hong Kong Central Clearing Limited entered as the eighth-largest shareholder with 876,100 shares [3]

Core Viewpoint - Rujing Technology has shown a significant increase in stock price, reflecting positive market sentiment and investor interest in the company's business model focused on power electronics and motor control [1] Group 1: Company Overview - Rujing Technology, established on July 21, 2003, is located in Yangpu District, Shanghai, and was listed on August 30, 2023 [1] - The company's main business involves the research, development, production, and sales of products in the power electronics and motor control sectors [1] - Revenue breakdown: HVAC and refrigeration equipment accounts for 60.29%, new energy vehicle thermal management systems for 37.18%, servo drive and control systems for 2.45%, and others for 0.08% [1] Group 2: Fund Holdings - Rujing Technology is a significant holding in the Xinda Aoya Fund, specifically in the Xinao Vision Value Mixed A (013554), which held 28,700 shares, representing 4.78% of the fund's net value [2] - The fund has realized a floating profit of approximately 127,100 yuan from this investment [2] - The fund was established on May 11, 2022, with a current size of 36.616 million yuan and has achieved a year-to-date return of 18.72% [2] Group 3: Fund Manager Performance - The fund manager Hu Qiaoyun has been in position for 41 days, with a total asset size of 46.4158 million yuan and a best return of 12.21% during the tenure [3] - Co-manager He Jing has been in position for 274 days, managing assets of 242 million yuan, with a best return of 16.95% during the tenure [3]