Core Viewpoint - Ruisheng Intelligent (688215.SH) expects a significant increase in net profit for the year 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company between 33.92 million and 38.40 million yuan for 2025, representing an increase of 17.92 million to 22.40 million yuan compared to the previous year, which is a year-on-year growth of 112.00% to 139.99% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 32.62 million and 37.10 million yuan, reflecting an increase of 22.29 million to 26.77 million yuan year-on-year, translating to a growth of 215.81% to 259.18% [1]

Core Viewpoint - 瑞晟智能 (688215.SH) is expected to report a net profit attributable to shareholders ranging from 33.92 million to 38.40 million yuan for the fiscal year 2025, representing a year-on-year growth of 112.00% to 139.99% [1] Group 1: Financial Performance - The projected net profit for 2025 is between 33.92 million and 38.40 million yuan [1] - This reflects a significant increase compared to the previous year, with growth rates between 112.00% and 139.99% [1] Group 2: Business Drivers - The company is leveraging its core competitive advantages to capture industry trends [1] - The smart factory equipment business is experiencing steady growth [1] - Expansion into the computing server business is also contributing to revenue growth [1] - Increased long-term equity investment income is driving improvements in main business revenue and profitability [1]

瑞晟智能公告称，预计2025年年度归属于母公司所有者的净利润为3392.07万元至3840.07万元，同比增 加112.00%至139.99%；扣非净利润为3261.87万元至3709.87万元，同比增加215.81%至259.18%。上年同 期净利润为1600.07万元，扣非净利润为1032.86万元。业绩增长因智能工厂装备业务增长、算力服务器 业务发展，以及长期股权投资收益增加。 ...

证券代码：688215 证券简称：瑞晟智能 公告编号：2026-001 浙江瑞晟智能科技股份有限公司 2025 年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 （三）本次业绩预告未经注册会计师审计。 二、上年同期业绩情况和财务状况 经审计，公司上年同期利润总额为 2,259.72 万元，归属于母公司所有者的 净利润为 1,600.07 万元，归属于母公司所有者的扣除非经常性损益的净利润为 1,032.86 万元，基本每股收益为 0.31 元。 三、本期业绩变化的主要原因 公司主营业务收入及利润实现稳步增长主要原因有：1、报告期内，公司依 托核心竞争优势，积极把握行业发展趋势及市场需求变化，智能工厂装备业务保 1 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日（以下简称"报告期"）。 （二）业绩预告情况 （1）经财务部门初步测算，浙江瑞晟智能科技股份有限公司（以下简称"公 司"）预计 2025 年年度实现归属于母公司所有者的净利润为 3,392.07 ...

Core Viewpoint - The company, Ruisheng Intelligent (688215.SH), forecasts a net profit attributable to shareholders for the year 2025 to be between 33.92 million and 38.40 million yuan, representing a growth of 112.00% to 139.99% compared to the same period last year [1] Group 1: Business Performance - The company is leveraging its core competitive advantages to capture industry trends [1] - The intelligent factory equipment business is experiencing steady growth [1] - The expansion of the computing power server business is contributing to revenue growth [1] Group 2: Investment and Revenue - Increased long-term equity investment income is driving the improvement in main business revenue and profit levels [1]

Core Viewpoint - 瑞晟智能 (688215.SH) expects a significant increase in net profit for the year 2025, with projections indicating a growth of 112.00% to 139.99% compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company ranging from 33.92 million to 38.40 million yuan for 2025 [1] - The net profit after deducting non-recurring gains and losses is projected to be between 32.62 million and 37.10 million yuan, reflecting an increase of 215.81% to 259.18% year-on-year [1] Business Growth Drivers - The steady growth in main business revenue and profit is attributed to the company's core competitive advantages and its ability to adapt to industry trends and market demand changes [1] - The intelligent factory equipment business has maintained steady growth, while the development of computing server business has driven an increase in revenue scale and efficiency [1] - Increased contributions from long-term equity investments have effectively enhanced the overall profitability of the company, providing significant support for performance growth [1]

Core Viewpoint - Ruisheng Intelligent (688215.SH) expects a significant increase in net profit for the year 2025, with projections indicating a rise of 112.00% to 139.99% compared to the previous year [1] Financial Performance - The company anticipates net profit attributable to shareholders of the parent company to be between 33.92 million and 38.40 million yuan for 2025 [1] - The net profit after deducting non-recurring gains and losses is projected to be between 32.62 million and 37.10 million yuan, reflecting an increase of 215.81% to 259.18% year-on-year [1] Business Growth Drivers - The steady growth in main business revenue and profit is attributed to the company's core competitive advantages and its ability to adapt to industry trends and market demand changes [1] - The intelligent factory equipment business continues to grow steadily, while the development of computing server business has also contributed to the increase in revenue scale and efficiency [1] - Increased contributions from long-term equity investments have effectively enhanced the overall profitability of the company, providing significant support for performance growth [1]

证券日报网讯1月19日，瑞晟智能在互动平台回答投资者提问时表示，目前，公司境外下游客户虽涉及 部分欧盟国家，但总体业务占比较小，海外业务目前仍主要集中于越南、柬埔寨、印度、巴基斯坦等东 南亚、南亚国家。 ...

Core Insights - The report projects that China's economy is expected to maintain a reasonable growth rate of around 5% in 2026, supported by improved consumption, infrastructure investment, and manufacturing upgrades [6] - The textile and apparel sector is anticipated to see structural opportunities, particularly in textile manufacturing and home textiles, as the market shows signs of recovery [6][7] - The report highlights the performance of specific companies within the textile sector, recommending investments in leading manufacturers due to their competitive advantages and market positioning [7][8] Market Trends - The domestic market indices showed mixed performance, with the Shanghai Composite Index closing at 3,965.28, reflecting a slight increase of 0.04%, while the Shenzhen Component Index decreased by 0.49% [4] - The textile and apparel sector recorded a cumulative increase of 12.02% in 2025, underperforming the CSI 300 Index by 4.08 percentage points [7] Economic Outlook - The report indicates that the economic growth risks have generally decreased, with supportive policies expected to stabilize the real estate market and boost consumer confidence [6] - CPI is projected to improve moderately, driven by rising pork and service prices, while PPI is expected to narrow its decline and potentially recover by Q4 2026 [6] Sector Analysis - The textile manufacturing segment is under pressure due to tariff impacts but is expected to benefit from a recovery in overseas demand and inventory levels [7] - Specific companies such as Yuanyuan Group and Shenzhou International are highlighted for their lower exposure to U.S. markets and strong recovery potential [7][8] Consumer Behavior - Domestic consumer confidence is gradually recovering, with retail sales in various categories showing positive growth, particularly in online channels [7] - The report emphasizes the importance of innovation in product offerings within the home textile sector, with companies like Luolai Life and Mercury Home Textiles showing promising growth in specific product categories [8] Investment Recommendations - The report suggests a focus on companies with strong operational performance and innovative product lines, particularly in women's apparel and home textiles [7][8] - It also highlights the potential for growth in the AI and smart manufacturing sectors, particularly for companies like Ruisheng Intelligent, which is expanding its capabilities in AI computing and robotics [10]

Investment Rating - The report assigns an "Accumulate-A" rating to the company for the first time [1][33]. Core Insights - The company, Ruisheng Intelligent, is a leader in smart factory equipment, driven by dual engines of computing power and robotics. It focuses on three vertical application scenarios: smart factories, smart logistics, and smart firefighting, gradually forming an integrated business layout that includes solutions, hardware, and software products [4][14]. - The company has recently won multiple computing power project orders, with a cumulative order scale of 276 million yuan (including tax), indicating a strong second growth curve [5][18]. - Strategic investment in Wuluo Wisdom, where the company holds a 25% stake, positions it to benefit from the rapid expansion of domestic computing power demand and the ongoing domestic GPU replacement policy [6][31]. Summary by Sections Company Analysis - Ruisheng Intelligent has established subsidiaries to expand into computing power devices and robotics, creating a comprehensive service system that integrates end-user applications, computing power, and robotics [4][14]. - The company is actively collaborating with domestic computing power chip manufacturers to seize opportunities in the domestic replacement market, which is expected to drive rapid business growth [4][6]. Market Demand and Growth - The global GPU market is projected to reach $472.45 billion by 2030, with a compound annual growth rate (CAGR) of 35.19% from 2024 to 2030, driven by the increasing application of GPUs in AI, smart driving, and cloud gaming [23][26]. - The Chinese AI chip market is expected to grow to 153 billion yuan by 2025, with a CAGR of 53% from 2020 to 2025, indicating significant growth potential for domestic GPU manufacturers [26][31]. Financial Projections - The company’s projected net profits for 2025, 2026, and 2027 are 35 million yuan, 122 million yuan, and 181 million yuan, respectively, reflecting year-on-year growth rates of 116.1%, 253.6%, and 47.9% [7][9]. - Revenue is expected to grow from 372 million yuan in 2023 to 2.146 billion yuan in 2027, with a CAGR of 52.6% [9][35].