瑞立科密（001285.SZ）12月31日在投资者互动平台表示，公司是国内少数具备汽车制动防抱死系统 （ABS）、电子稳定控制系统（ESC）、电子制动控制系统（EBS）、电子驻车制动系统（EPB）、电 控空气悬架系统（ECAS）等主动安全系统正向开发能力的企业，核心产品已涵盖气压制动/液压制动、 电控制动/线控制动等主流技术路线，广泛应用于商用车、乘用车及摩托车的制动安全等领域。 每经AI快讯，有投资者在投资者互动平台提问：公司现在有哪些产品？ （文章来源：每日经济新闻） ...

证券代码：001285 证券简称：瑞立科密 广州瑞立科密汽车电子股份有限公司 投资者关系活动记录表 编号：2025-001 投资者关系 活动类别 ☑ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 路演活动 ☑ 现场参观 其他 活动参与 人员 何卫国（广东国健安证券基金）、张智珍（国投证券）、曹盈盈（泽 恩投资）、封占起（明博投资）、刘弦（中金资本）、陈曲（德生 科技）、冯健饶（麻王投资）、何佑胜（中天汇富基金）、邓绍伟 （熙宁投资）、曾永康（恒泰昌控股）、修铭阳（起点投资）、苏 培海（华银基金）、吴德有（松山创投）、陈丽芳（全景网）、赖 增强（广新基金）、刘剑荣（中大情私募基金）、王二鑫（华福证 券）、马杰辉（广东金豆子）、王龙（思德医疗）、夏飞群（中泰 证券）、朱琳（疆亘资本）、李恒（汇垠澳丰）、胡明杰（汇川投 资）、宋明（尚颀资本）、黄佩雨（华福证券）、林洽宇（个人投 资者） 时间 2025 年 12 月 16 日 10:00-12:00 地点 公司会议室 形式 现场交流 上市公司 接待人员 副总经理、董事会秘书、财务负责人 沈诗白女士 证券事务代表 周文涛先生 投资者关系 活动主要 ...

Market Overview - The A-share market experienced an overall upward trend on September 30, with the Sci-Tech 50 Index showing strong performance, reaching a new high for the year with an intraday increase of over 2% [2] - New stocks listed on both A-share and Hong Kong markets performed well, with significant gains observed on their debut [7][12] New Stock Performance - The A-share market saw two new stocks listed, both of which experienced substantial increases. Yunhan Xincheng (301563) had an intraday gain exceeding 400%, potentially yielding a profit of approximately 57,500 yuan per lot, ranking among the top for the year [8][10] - The other new stock, Ruili Kemi (001285), saw an intraday increase close to 90% [12] Industry Highlights - The non-ferrous metals sector experienced a notable rise, with intraday gains exceeding 2%. Companies like Platinum Technology (300811) surged over 18%, while others like Boqian New Materials (605376) and Jingyi Co., Ltd. (002295) hit the daily limit [4] - Gold and silver prices continued to rise, with domestic gold futures reaching a historical high, surpassing 870 yuan per gram [5] Concept Sector Performance - Concept sectors such as storage chips and lithium mines showed significant strength, indicating a positive trend in these areas [6] Hong Kong Market Insights - The Hong Kong market saw three new stocks listed, with Xipuni experiencing an intraday surge of nearly 340%, maintaining a current increase of about 250% [12][18] - Zijin Gold International, a subsidiary of Zijin Mining (601899), reported a revenue growth from $1.818 billion to $2.990 billion from 2022 to 2024, with a compound annual growth rate of 28.2% [14] Company Profiles - Yunhan Xincheng focuses on electronic component distribution and industrial internet integration, providing a one-stop supply chain service for the electronic manufacturing industry [10] - Ruili Kemi specializes in the research, production, and sales of active safety systems for vehicles, becoming a leading player in the commercial vehicle safety system market [13] - Xipuni is recognized as a leading designer and manufacturer of gold watch cases in China, with a projected revenue increase from 324 million yuan to 457 million yuan from 2022 to 2024 [18] - Botai Che Lian is a supplier of intelligent cockpit solutions, ranking as the third-largest supplier in the Chinese passenger car market with a market share of 7.3% [19]

Group 1: Company Overview - Rui Li Ke Mi is a national high-tech enterprise specializing in the research, production, and sales of core components related to active safety systems for motor vehicles [1][3] - The company has developed capabilities in various active safety systems including ABS, ESC, EBS, EPB, and ECAS, and its products are widely used in commercial vehicles, passenger cars, and motorcycles [1][3] Group 2: Financial Performance - For the years 2022 to 2024, Rui Li Ke Mi is projected to achieve operating revenues of 1.33 billion, 1.76 billion, and 1.98 billion CNY, respectively, with net profits of 97 million, 236 million, and 269 million CNY [4] - The company has experienced significant fluctuations in its financial performance, with a notable reliance on raw materials such as chips and aluminum ingots, which account for over 35% of its procurement [4] Group 3: Market Position - Rui Li Ke Mi has maintained a leading position in the commercial vehicle pneumatic electronic braking system sector, ranking first in production and sales of ABS products for ten consecutive years from 2014 to 2023 [3] - The company's brand "Kormee" has become a top-tier brand in the industry, and it has established partnerships with major domestic vehicle manufacturers and exports to Europe and the United States [3] Group 4: Investment and Future Plans - The company plans to invest 8.81 billion CNY in the development of an intelligent electronic control system headquarters in the Greater Bay Area and 3.08 billion CNY in a research and development center [2][3] Group 5: Company Overview (Yunhan Xincheng) - Yunhan Xincheng is an innovative high-tech enterprise that integrates electronic component distribution with industrial internet, focusing on the R&D, production, and procurement needs of small-batch electronic components [4][10] - The company is recognized as a leading B2B enterprise in the electronic components sector in China [4][10] Group 6: Financial Performance (Yunhan Xincheng) - Yunhan Xincheng's projected operating revenues for 2022 to 2024 are 4.33 billion, 2.64 billion, and 2.58 billion CNY, with net profits of 136 million, 79 million, and 88 million CNY, respectively [10][11] Group 7: Investment and Future Plans (Yunhan Xincheng) - The company intends to allocate funds towards upgrading its big data center and component trading platform, building an electronic industry collaborative manufacturing service platform, and establishing intelligent shared warehousing [7][10]

Core Viewpoint - Rui Li Kemi (001285) is launching an initial public offering (IPO) to strengthen its position in the active safety system industry, focusing on the development, production, and sales of core components related to vehicle active safety systems [1][2]. Group 1: Company Overview - Rui Li Kemi specializes in the research, development, production, and sales of active safety systems for motor vehicles and aluminum alloy precision die-casting parts, recognized as a national high-tech enterprise [1]. - The company is one of the few in China with the capability to develop key active safety systems such as ABS, ESC, EBS, EPB, and ECAS, covering mainstream technical routes in braking systems for commercial vehicles, passenger cars, and motorcycles [1][2]. Group 2: Market Position and Performance - Over 20 years, Rui Li Kemi has become a leading enterprise in the commercial vehicle active safety system sector, with its brand "Kormee" recognized as a top industry brand [2]. - From 2014 to 2023, Rui Li Kemi's production and sales of pneumatic electronic control braking products, including ABS, ranked first in the industry for ten consecutive years [2]. - The company maintained a leading market share in pneumatic electronic control braking systems from 2021 to 2023, as certified by the China Association of Automobile Manufacturers [2]. Group 3: Research and Development - Rui Li Kemi views research and innovation as vital for its development, with R&D expenditures of approximately 93.73 million yuan, 96.79 million yuan, and 115.83 million yuan from 2022 to 2024, respectively [2]. - As of the end of 2024, the company holds 459 authorized patents, including 58 invention patents and 93 software copyrights, with 22 core technologies closely related to its main business and products [2][3]. Group 4: Technological Achievements - The company has received national recognition for its technological advancements, including a second-class National Science and Technology Progress Award in 2019 and multiple awards for its projects in 2022 [3]. - Rui Li Kemi has established strategic partnerships with major vehicle manufacturers, including FAW Jiefang, China National Heavy Duty Truck Group, and Dongfeng Motor Group, and has begun exporting to markets in Europe and the United States [3]. Group 5: Financial Performance - In 2024, Rui Li Kemi is projected to achieve revenue of 1.977 billion yuan, with expected revenue for January to September 2023 ranging from 1.55 billion yuan to 1.73 billion yuan, reflecting a year-on-year growth of 13.82% to 27.04% [3]. Group 6: Use of IPO Proceeds - The funds raised from the IPO will be allocated to projects including the establishment of a smart electric control system R&D headquarters in the Greater Bay Area, R&D center construction, information technology projects, and to supplement working capital, enhancing the company's core competitiveness and promoting sustainable development [4].

Core Viewpoint - Ruike Kemi is accelerating its IPO process amid the rapid development of automotive intelligence, positioning itself as a leading enterprise in commercial vehicle active safety systems in China [1] Group 1: Company Overview - Ruike Kemi specializes in active safety systems for commercial vehicles, with core products including ABS, ESC, EBS, and EPB, applicable in commercial vehicles, passenger cars, and motorcycles [1] - The company has successfully passed the initial public offering (IPO) review and is set to list on the Shenzhen Stock Exchange [1] Group 2: Financial Highlights - The IPO aims to raise 1.522 billion yuan, with plans to invest approximately 881 million yuan in the development and manufacturing headquarters for automotive intelligent electronic control systems in the Greater Bay Area [1] - Revenue for Ruike Kemi from 2022 to 2024 is projected to be 1.326 billion yuan, 1.76 billion yuan, and 1.977 billion yuan, reflecting year-on-year growth rates of -4.18%, 32.81%, and 12.32% respectively [2] - Net profit attributable to shareholders for the same period is expected to be 96.9647 million yuan, 236 million yuan, and 269 million yuan, with growth rates of -50.91%, 143.32%, and 14.07% respectively, indicating some volatility in operating performance [2] Group 3: Production Capacity and Utilization - The production capacity for the pneumatic electronic braking system is set at 120,000 units for 2024, with a projected utilization rate of 75.12%, up from 72.77% in 2023 [2] - The hydraulic electronic braking system's capacity is expected to increase from 75,000 units in 2023 to 90,000 units in 2024, with a utilization rate of 96.73% [2] Group 4: Market Dynamics - The commercial vehicle market is experiencing a downturn, with sales figures declining from 5.133 million units in 2020 to an estimated 3.873 million units in 2024, a decrease of 3.92% year-on-year [7] - The transition to new energy vehicles is significantly impacting traditional commercial vehicle demand, with new energy commercial vehicle sales expected to grow by 56.89% in the first half of 2025 [7] Group 5: Challenges and Risks - Ruike Kemi faces challenges such as high accounts receivable, low turnover rates, and a high proportion of inventory, with accounts receivable reaching 622 million yuan in 2022, accounting for 46.92% of revenue [15] - The company has a complex relationship with its controlling shareholder, Ruike Group, which has historically been a major customer and supplier, but the reliance on this relationship has decreased significantly in recent years [9][11] Group 6: Competitive Landscape - The active safety system market is highly concentrated, with international giants like ZF, Knorr, Bosch, and Continental dominating the market share, posing a challenge for Ruike Kemi to compete effectively [17] - The company is working to enhance its technological capabilities and product offerings to keep pace with the evolving market demands for integrated solutions in commercial vehicle safety systems [18]

Core Viewpoint - Guangzhou Ruili Kemi Automotive Electronics Co., Ltd. has submitted its IPO application to the Shenzhen Stock Exchange, aiming to raise approximately 1.52162 billion yuan, with CITIC Securities as its sponsor [1] Company Overview - Ruili Kemi specializes in the research, production, and sales of core components related to active safety systems for motor vehicles, and is recognized as a national high-tech enterprise [1] - The company has developed capabilities in the forward development of various active safety systems, including ABS, ESC, EBS, EPB, and ECAS, making it one of the few domestic companies with such expertise [1] Market Position - Ruili Kemi's products cover mainstream technology routes such as pneumatic braking, hydraulic braking, electronic control braking, and wire control braking, widely used in commercial vehicles, passenger cars, and motorcycles [1] - The company has maintained the leading position in the market for its pneumatic electronic control braking products, with production and sales of ABS ranking first in the industry for ten consecutive years from 2014 to 2023 [2] Financial Performance - The company reported sales of commercial vehicles of 3.3005 million, 4.031 million, and 3.873 million units over the last three years, with market shares for ABS, ESC, and EBS products in the commercial vehicle sector at 24.00%, 23.72%, and 27.92% respectively [2] - Projected revenues for 2022, 2023, and 2024 are approximately 1.326 billion yuan, 1.76 billion yuan, and 1.977 billion yuan, with net profits of about 105 million yuan, 239 million yuan, and 275 million yuan respectively [3] Investment Projects - The total investment for the projects funded by the IPO proceeds includes the establishment of an intelligent electronic control system headquarters in the Greater Bay Area, a research and development center, and information technology construction, totaling approximately 152.16 million yuan [3] Financial Metrics - As of December 31, 2024, the total assets are projected to be approximately 2.8379349 billion yuan, with total equity attributable to the parent company at around 1.6995196 billion yuan [4] - The company’s operating revenue for 2024 is expected to reach approximately 1.9773723 billion yuan, with a net profit of about 2747974 million yuan [4] - The basic and diluted earnings per share are projected to be 1.99 yuan for 2024, with a return on equity of 17.20% [4]