格隆汇2月12日丨锐明技术(002970.SZ)涨7.5%，报81.430元，股价创历史新高，总市值147.09亿元。 ...

经济观察网 锐明技术（002970）作为商用车信息化解决方案提供商，近期有多项业务进展。 业绩经营情况 公司已于2026年1月18日发布业绩预告，预计2025年归母净利润同比增长27.58%至37.92%，正式年度报 告尚未披露。 业务进展情况 根据2026年2月6日的调研公告，公司已启动Robobus系统性布局，包括自建测试场和研发团队扩张，计 划在2026年着力推动海内外标杆项目落地。 公司新成立的数智装备产品事业部正发展算力中心配套产品，抓住产业机遇打造新增长点。 机构调研 2026年2月上旬，公司接待了鹏扬基金、中信保诚基金等多家机构调研，反映市场对AI产品及业务进展 的关注。 以上内容基于公开资料整理，不构成投资建议。 公司项目推进 公司在调研中透露，越南二期工厂于2025年开始建设，目前逐步投入运营，以支持全球化产能扩张。 业务与技术发展 ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the AIDC (Artificial Intelligence Data Center) sector, highlighting recent developments in the industry driven by advancements in AI models, particularly the popularity of ByteDance's Seedance 2.0 [1]. Core Insights and Arguments - **Recent Developments**: The rapid iteration of AI models by major domestic internet companies is noted, indicating a competitive landscape in the AIDC sector [1]. - **New Focus**: Jiebang Technology has received bulk orders for cold plates from a major manufacturer, suggesting a significant increase in production capacity and potential for future catalysts [1]. - **Continued Recommendations**: The report maintains recommendations for several companies, including: - Magpow (麦格米特) - Ruiming Technology (锐明技术) - New Ray Energy (新雷能) - Keda (科士达) [1]. Additional Important Information - The report emphasizes that the insights provided do not constitute formal investment advice and encourages reference to publicly available reports for risk disclosures [1].

Summary of Key Points from the Conference Call of Ruiming Technology Company Overview - Ruiming Technology's main business focuses on edge AI intelligent hardware, primarily applied in commercial vehicle scenarios such as logistics, public transport, school buses, and taxis. The company has also made significant progress in the field of special vehicles for mining [3][4]. Market Distribution - 70% of Ruiming Technology's revenue comes from overseas markets, with North America accounting for over one-third, Europe for 25%, and South America for approximately 15-18%. The Asia-Pacific, Middle East, and Africa regions are developing evenly [2][3]. Revenue Growth - The company's front-end revenue has grown from 50 million yuan to over 200 million yuan in the past three years, with expectations to maintain high growth this year [3]. Autonomous Driving Initiatives - In 2026, Ruiming Technology plans to enter the commercial vehicle autonomous driving sector, starting with a bus autonomous driving project. The goal is to achieve end-to-end intermediate autonomous driving within three years, leveraging the company's expertise in visual perception and AI algorithms [2][4][5]. - The commercial vehicle AI solutions market is expected to grow over 20% annually, with Ruiming Technology targeting a sustained growth rate of over 30% [4][10]. New Business Division - A new Digital Equipment Division has been established to explore OEM business and data center-related products. The Vietnam factory has begun taking on orders for UPS and high-voltage direct current (HVDC) products, although these orders are still in the early stages and carry uncertainties [2][6][12]. OEM Business Insights - Clients choose Ruiming Technology for power product OEM due to the capabilities and quality control advantages of the Vietnam factory. The collaboration began in the second quarter of 2025 during tariff fluctuations, and the overall business is still in its early stages [7][8]. Future Market and Profitability - The end market for power products primarily targets overseas data centers, with Ruiming Technology currently operating as an OEM. Profitability is uncertain due to the scale of orders, but there is potential for net profit based on existing processing fees [8]. Production Capacity and Expansion - The Vietnam factory has the capacity to expand based on customer demand, and the team has been operating there for three and a half years, indicating familiarity with the business environment [9]. Traditional Business and Market Penetration - The traditional aftermarket business is facing structural growth in a mature market, with a global market share of 6.4% in 2024, ranking fourth globally. The company aims for annual growth of over 30% [4][10]. Mining Vehicle Business - The unmanned mining vehicle business has developed rapidly, with revenue reaching several million yuan in 2025, primarily from leading metal mining companies. The products are continuously optimized based on mining site requirements [11]. Strategic Decisions - In 2024, the company divested its low-margin SMT assembly and OEM business to focus on higher-margin opportunities, leading to significant fluctuations in other income categories in 2024 and 2025 [14]. New OEM Projects - The new OEM projects in Vietnam differ significantly from previous operations, with optimistic market expectations and plans to enhance capabilities through the establishment of a new division [15]. Future Development Plans - The company is focused on solidifying existing projects and enhancing R&D capabilities in its new energy division, without setting specific financial targets for the next 3 to 8 years, instead prioritizing resource allocation based on industry opportunities [17].

Investment Rating - The report maintains a "Buy" rating for the company with a current price of 76.80 RMB and a fair value of 83.69 RMB [9]. Core Insights - The company's cornerstone business in commercial vehicle video monitoring continues to grow, with significant overseas expansion opportunities. The company is positioned as a global leader with strong product iteration capabilities, and it is expected to see a net profit growth of 27.6%-37.9% in 2025 [9]. - The server power supply OEM business has been established, with a promising market outlook. The global HVDC market is projected to reach 27.9 billion RMB in 2025, 74.8 billion RMB in 2026, and 144.4 billion RMB in 2027 [9]. - The company is also focusing on edge AI applications and Robobus, which are expected to drive new growth from its traditional business [9]. Summary by Sections 1. Cornerstone Business - The commercial vehicle video monitoring industry is a niche market with strong product iteration capabilities. The domestic market is relatively saturated, while overseas opportunities remain vast [15]. - The company has achieved continuous high growth, with optimistic future prospects. In 2023, the company reported a revenue of 1.7 billion RMB, a 23% increase year-on-year, and a net profit of 100 million RMB [52]. - The European standard regulations are expected to create significant new market space for the company, with an estimated annual demand of 1-1.5 billion USD post-implementation [44]. 2. New Growth Curve 1: Server Power Supply OEM - The company has officially launched its server power supply OEM business, capitalizing on the high demand for computing power in overseas markets [59]. - The global market for high-power data centers is expected to grow significantly, with increasing power requirements for new generation computing centers [61]. 3. New Growth Curve 2: Edge AI Applications and Robobus - The company is developing edge AI applications, including the SafeGPT model, which is expected to generate a SaaS revenue model [9]. - The company has a technological advantage and customer base to promote the commercialization of Robobus, particularly in regions with rapidly advancing autonomous driving policies [9]. 4. Profit Forecast and Investment Recommendations - The report maintains previous profit forecasts, expecting revenues of 2.68 billion RMB, 3.51 billion RMB, and 4.36 billion RMB for 2025-2027, with net profits of 390 million RMB, 500 million RMB, and 620 million RMB respectively [9]. - The company is projected to achieve a reasonable valuation multiple of 30 times PE for 2026, leading to a fair value of 83.69 RMB per share [9].

新华财经上海2月9日电（林郑宏） 临近农历新年长假，公募基金调研热情不减。据公募排排网数据显 示，2026年2月2日至2月8日期间，共有113家公募机构参与到A股调研活动中，覆盖到24个申万一级行 业中的100只个股，合计调研次数达535次。 其次是机械设备和电力设备行业，分别被调研79次和76次，被调研个股数量分别为15只和12只。机械设 备行业中，耐普矿机、华锐精密、蜀道装备备受公募调研关注。电力设备行业中，大金重工、亚玛顿、 华通线缆和泽润新能被调研次数均不少于10次。 紧随其后的是计算机行业，该行业上周有锐明技术、国能日新在内的6只个股获得公募机构调研关注， 合计被调研57次。 显然，当前公募机构仍对AI算力发展受益的方向如TMT行业和电力设备等保持高度关注。 对此，富荣基金表示，外部宏观因素的扰动给市场短期带来压力，但考虑到国内通胀温和、政策空间充 足，叠加以"稳"为主的资本市场基调未变，市场下行压力整体可控。在行业配置上，建议围绕两大方向 布局：一是成长主线，聚焦AI算力与应用、半导体等产业趋势明确、景气度上行的领域；二是关注受 益于反"内卷"政策推动的板块，如新能源。 中海基金认为，短期A股中小 ...

证券日报网2月6日讯，锐明技术（002970）在接受调研者提问时表示，公司越南一期工厂于2023年5月 建成投产，并于2025年开始二期工厂建设，目前正逐步投入运营。经过三年的耕耘，公司越南团队熟悉 当地经营环境，工厂运行效率良好，具备扩产能力，可满足公司未来业务发展的需求。 ...

2026年02月06日，锐明技术披露接待调研公告，公司于02月03日至02月05日接待睿远基金管理有限公 司、国泰海通证券股份有限公司、东方证券股份有限公司、招商证券股份有限公司、合众资产管理股份 有限公司、大家资产管理有限责任公司等68家机构调研。 天眼查资料显示，深圳市锐明技术股份有限公司成立于 2002年09月03日，是一家以从事专业技术服务 业为主的企业。截至2025年09月30日，锐明技术股东户数26704户，较上次增加6611户，户均持股市值 49.29万元，户均持股数量0.68万股。 参与此次调研的睿远基金是一家以价值投资、研究驱动和长期投资风格为主的长期价值投资机构，聚焦 于权益投资和固定收益投资领域。截至目前，管理基金数量5只，其中睿远成长价值混合A最新单位净 值为1.9237，近一年增长66.96%。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 锐明技术（002970）股价报72.87元，较前一交易日收盘价上涨0.13元，涨幅为0.18%，总市值131.63亿 元。从行业市盈率来看 ...

证券代码：002970 证券简称：锐明技术 深圳市锐明技术股份有限公司 投资者关系活动记录表 编号：2026-003 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | 活动类别 | 现场参观 □反路演 ☑ | | | 其他（线上会议） ☑ | | | 博时基金管理有限公司、富国基金管理有限公司、嘉实基金管理有限公司、华 | | | 夏未来资本管理有限公司、华安基金管理有限公司、汇添富基金管理股份有限 | | | 公司、中欧基金管理有限公司、广发基金管理有限公司、鹏扬基金管理有限公 | | | 司、国泰海通证券股份有限公司、东方证券股份有限公司、招商证券股份有限 | | | 公司、东方基金管理股份有限公司、工银瑞信基金管理有限公司、国寿安保基 | | | 金管理有限公司、华富基金管理有限公司、合众资产管理股份有限公司、华宝 | | | 基金管理有限公司、安信基金管理有限责任公司、宝盈基金管理有限公司、北 | | | 京沣沛投资管理有限公司、创金合信基金管理有限公司、大家资产管理有限责 | | | 任公 ...

Market Overview - The computer equipment sector experienced a decline of 1.1% on January 29, with ZhenTong Electronics leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Notable gainers in the computer equipment sector included: - RuiMing Technology (002970) with a closing price of 60.91, up 10.01% and a trading volume of 171,800 shares, totaling 1.044 billion yuan [1] - MeiAnSen (300275) closed at 13.69, up 3.79% with a trading volume of 243,300 shares, totaling 330 million yuan [1] - Major decliners included: - ZhenTong Electronics (002197) closed at 8.70, down 6.25% with a trading volume of 300,200 shares, totaling 270 million yuan [2] - YuTong Optics (300790) closed at 27.05, down 6.08% with a trading volume of 184,400 shares, totaling 510 million yuan [2] Capital Flow - The computer equipment sector saw a net outflow of 1.766 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.293 billion yuan [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - RuiMing Technology (002970) had a net inflow from institutional investors of 1.75 billion yuan, while retail investors saw a net outflow of 34.85 million yuan [3] - New大陆 (000997) experienced a net inflow of 68.71 million yuan from institutional investors, but a significant outflow of 648.16 million yuan from retail investors [3] - MeiAnSen (300275) had a net inflow of 30.47 million yuan from institutional investors, with a slight net inflow from retail investors of 51,370 yuan [3]