本报讯(记者桂小笋)9月16日至9月17日，在2025腾讯全球数字生态大会上，广东瑞德智能（301135）科 技股份有限公司(以下简称"瑞德智能")携与腾讯联合研发的智能床2.0系统亮相，集中展示"医疗级毫米 波雷达+AI闭环"的技术突破及场景落地成果，形成从趋势研判到技术转化的完整闭环，标志其在智能 睡眠赛道的布局迈入实质性收获阶段。 值得关注的是，本次腾讯云系列活动中，瑞德智能重点展示与腾讯云联合打造的智能床2.0产品。该产 品以"医疗级感知+AI闭环"为核心，依托腾讯云算力与算法优势，融合瑞德智能硬件集成能力及医疗级 数据技术壁垒，实现从睡眠监测到健康管理的全链路服务。此次展示不仅彰显了技术实力，更推动公司 与产业链上下游伙伴达成多项合作意向，加速智能睡眠生态的商业化落地进程。 据悉，目前瑞德智能已形成"核心聚焦+多元拓展"的格局。以家电智能控制器为核心业务根基，同步推 进电机电动、汽车电子、数智能源三大新赛道发展，构建"1+3+N"产业生态。 ...

瑞德智能 202509004 摘要 请介绍一下瑞德智能的基本情况和公司发展历程。 瑞德智能成立于 1997 年，是国内知名的智能控制器解决方案厂商。公司总部 位于广东顺德，是顺德第 37 家上市企业，主营各类家电智能控制器。目前， 公司正在开拓第二增长曲线，涉及电机电动、汽车电子和数字能源三大新赛道， 并在医疗健康、宠物科技、机器人、低空飞行和智能家居等领域进行战略探索。 瑞德智能在全国设有四大基地：广东顺德为珠三角主基地，安徽合肥为长三角 研发制造主基地，浙江绍兴为大客户配套基地，以及越南同奈的海外基地。截 至 2025 年二季度末，公司已实现盈利，并拥有近 2000 名员工，其中工程师 约 400 人，每年研发投产项目超过 2000 项。 2025 年上半年，公司营业收入同比增长 18.12%至近 7 亿元，扣非归 母净利润同比增长 129.76%，现金流增长 162%，主要得益于业务结 构优化和内部管理质效提升。 公司明确 2024-2028 年中期目标为五年内实现 30 亿至 50 亿人民币产 销规模，2025 年业绩考核目标为 18 亿至 20 亿人民币，将通过内生增 长和投并购实现。 瑞德智能在过 ...

Financial Performance - In the first half of 2025, the company achieved a revenue of 69,532.98 million yuan, representing a year-on-year growth of 18.12% [1] - The net profit attributable to shareholders was 1,619.60 million yuan, with a year-on-year increase of 11.94% [1] - The net profit after deducting non-recurring gains and losses reached 1,561.06 million yuan, showing a significant growth of 129.76% year-on-year [1] - The net cash flow from operating activities increased by 162.73% year-on-year [1] Business Development Strategies - The company focuses on the smart control device sector, optimizing its business structure and expanding into emerging markets [2] - Continuous investment in core technology research and product innovation is emphasized, with a strategic partnership with multiple universities to foster an innovation ecosystem [2] - Implementation of the "733 Project" aims to enhance operational efficiency through digitalization and smart investments [2] - Lean manufacturing practices are being deepened to reduce costs and enhance competitive barriers [2] Capacity and Global Expansion - The company has established four R&D and production bases in Guangdong, Anhui, Zhejiang, and Vietnam, with a capacity increase of over 50% following the relocation of the Zhejiang base [2] - The Vietnam base is entering a rapid capacity release phase, with plans for further international market expansion [2] Mergers and Acquisitions - The company is exploring mergers and acquisitions as a means to optimize asset structure and enhance core competitiveness [3] - Focus areas for potential acquisitions include electric motors, automotive electronics, AI algorithms, and IoT communications [3] - The strategy includes assessing targets with strong technology barriers and established market presence to accelerate the transition from technology reserves to industrialization [3] Market Outlook - The company maintains an optimistic outlook for the second half of 2025, driven by seasonal demand and a stable inventory level among major clients [4] - Anticipated growth in demand for environmental appliances such as heaters, humidifiers, and air purifiers is expected to boost sales [4] - The increasing focus on energy efficiency and smart home appliances aligns with the company's product offerings and market trends [4]

Core Insights - The company reported a revenue of 695 million yuan for the first half of 2025, representing a year-on-year growth of 18.12%, with a net profit attributable to shareholders increasing by 129.76% to 15.61 million yuan [1] - The company is actively developing a "1+3+N" industrial layout, focusing on smart appliance controllers while exploring new business areas such as automotive electronics and healthcare [1] - The smart appliance controller segment generated 504 million yuan in revenue, a 9.57% increase year-on-year, with significant partnerships established with leading appliance manufacturers [1] Global Expansion - The company is enhancing its global strategy by accelerating overseas capacity construction, with its Vietnam production base entering a rapid capacity release phase and achieving profitability in the second quarter [2] - The current capacity in Vietnam is saturated, prompting the company to seek new factory resources to support ongoing capacity expansion and strengthen supply chain resilience [2] New Business Segments - New business segments have shown significant revenue contributions, with a 49.18% year-on-year increase in revenue from new track businesses, totaling 161 million yuan [3] - The company is exploring potential fields such as healthcare, pet technology, and robotics, focusing on innovative products like smart aquariums and pet villas to tap into the growing pet economy [3] - In the service robotics sector, the company's smart controllers have been commercialized for applications in home cleaning and companionship, with significant product shipment growth in pool cleaning robots [3] Strategic Collaborations - In May, the company signed a strategic cooperation framework agreement with Shunde Vocational and Technical College to collaborate on humanoid robot development, AI algorithms, and other advanced technology fields [4]

Group 1: Company Performance and Growth - In 2024, the company achieved a revenue of 1,262.40 million yuan, representing an 18.06% year-on-year growth [1] - The growth is attributed to business structure optimization, focusing on strategic customers and core products [1] - Significant market share increases were noted in product lines such as fans, dehumidifiers, electric heaters, humidifiers, and mobile air conditioners [2] Group 2: New Business Ventures - The company made breakthroughs in new business areas, particularly in automotive electronics, successfully producing innovative smart controllers for balance bikes and skateboards [2] - Expansion into the smart home sector includes the production of smart aquariums and pet feeders, contributing to diversified business growth [2] - The establishment of the first overseas production base in Vietnam is set to enhance production capacity and efficiency [2] Group 3: Research and Development - The company is investing in AI technologies, focusing on areas like AI models, smart visual perception, and digital twins [2] - R&D expenses in 2024 reached 82.82 million yuan, marking a 9.01% increase [5] - The company aims to enhance product lines and meet growing market demands through continuous R&D investment [2] Group 4: Strategic Plans and Market Positioning - The company plans to implement five strategic pillars to optimize business structure and enhance operational efficiency by 2025 [3] - Mergers and acquisitions are considered essential for optimizing asset structure and extending the industry chain [3] - A cash dividend of 3.00 yuan per 10 shares was approved for distribution to shareholders, reflecting the company's commitment to shareholder returns [4] Group 5: Cost Management and Profitability - Management expenses increased by 33.04% to 112.67 million yuan due to organizational changes and talent acquisition [5] - Sales expenses rose by 7.65% to 29.79 million yuan, driven by participation in major exhibitions to enhance brand visibility [5] - The company is implementing cost reduction and efficiency improvement measures to enhance profitability [5]

Group 1 - The core partnership between Ruide Intelligent and Shunde Vocational and Technical College aims to deepen strategic cooperation in the field of robotics and artificial intelligence [1][2] - Shunde Vocational and Technical College has established a key laboratory for intelligent sensing and control systems in robotics, achieving significant research milestones including 1 provincial-level project, 8 municipal-level projects, and 19 patent applications [1] - Ruide Intelligent reported a revenue of 1.262 billion yuan for 2024, marking an 18.06% year-on-year increase, with the home appliance intelligent controller business contributing 968 million yuan, a 13.07% increase [3] Group 2 - The collaboration will leverage the key laboratory and other research platforms to explore advanced technologies in humanoid robots, AI algorithms, photovoltaic inverters, automotive electronics, and smart home applications [2][4] - The global humanoid robot industry is projected to reach approximately 3.4 billion USD in 2024, reflecting a growth of 57.41% year-on-year, indicating a significant market opportunity for Ruide Intelligent [3] - Ruide Intelligent's R&D investment reached 82.82 million yuan in 2024, a 9.01% increase, focusing on AIoT and algorithm advancements to enhance compatibility in complex command parsing and multi-device coordination [3][4]