证券代码：300977 证券简称：深圳瑞捷 公告编号：2025-023 深圳瑞捷技术股份有限公司 关于使用暂时闲置超募资金进行现金管理的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳瑞捷技术股份有限公司（以下简称"深圳瑞捷""公司"）于 2025 年 4 月 8 日召开第三届董事会第四次会议和第三届监事会第三次会议，于 2025 年 5 月 6 日 召开 2024 年年度股东大会，审议通过了《关于 2025 年使用暂时闲置超募资金进行 现金管理的议案》，同意公司在不影响正常生产经营且确保超募资金安全的前提下， 使用不超过人民币 2.50 亿元（含本数）暂时闲置的超募资金进行现金管理，用于 购买安全性高、流动性好、有保本约定的投资产品（包括但不限于结构性存款、通 知存款、协定存款、定期存款、大额存单、收益凭证等），使用期限为自股东大会 审议通过之日起 12 个月内。在上述使用期限及额度范围内，资金可循环滚动使用。 公司董事会、监事会、保荐机构均发表了明确同意的意见。具体内容详见公司 2025 年 4 月 10 日 在 中 国 证 监 会 指 定 ...

Group 1: Business Focus and Development - The company will focus on four main directions: industry, stock, insurance, and overseas expansion, with key industries being telecommunications, chain operations, new energy, and biomedicine [2][3] - In Q1 2025, new orders signed amounted to approximately CNY 180 million, representing a year-on-year growth of over 20%, with total orders on hand reaching about CNY 500 million by April 30, 2025 [3] Group 2: Insurance Business Progress - The company is developing insurance products such as IDI (Engineering Quality Defect Insurance), comprehensive housing insurance, and safety insurance for small projects, with premium sources being government subsidies and developers [3][4] - The company has achieved a market share of approximately 80% in the South China region, with new orders from other regions increasing to about 40% in Q1 2025 [4] Group 3: Overseas Expansion and Strategic Initiatives - The company has initiated overseas projects in regions like Africa, Dubai, Malaysia, and Indonesia, providing on-site management and third-party evaluation services [3][4] - The company aims to leverage its wholly-owned subsidiary in Hong Kong to respond to the "Belt and Road" initiative and secure more overseas orders [3] Group 4: Technological Development and Market Positioning - Three models related to risk prediction and defect analysis have been developed and localized in regions such as Hainan, Guizhou, and Sichuan, enhancing service efficiency and quality [5] - The company is actively pursuing opportunities in domestic substitution amid trade tensions, with management conducting overseas research and hiring experienced personnel to improve business capabilities [5]

Group 1 - The company's total revenue for 2024 was 470 million, a decrease of 4.4%, with the decline narrowing by 10 percentage points compared to 2023 [1] - The net profit attributable to the parent company was -30 million, a decrease of 163% from the previous year's profit of 40 million [1] - The company's comprehensive gross margin for 2024 was 36.6%, down 3.2 percentage points, primarily due to intense competition in the real estate evaluation market and rigid cost structures [1] Group 2 - The proportion of revenue from real estate clients has decreased from a peak of 90% to 46% by the end of 2024, indicating a shift towards optimizing customer structure [2] - The company has increased investment in key business areas such as industry and insurance, with revenues from these sectors growing by over 100% and 30% respectively in 2024 [2] - The company is exploring new application scenarios based on a "service + platform + data" model, establishing partnerships with emerging clients like Huazhu and Shangmei [2] Group 3 - The company expects net profits attributable to the parent company for 2025-2027 to be 42 million, 63 million, and 77 million respectively, with significant year-on-year growth rates [2] - The current stock price corresponds to price-to-earnings ratios of 60, 40, and 33 times for the years 2025, 2026, and 2027 respectively, maintaining a "buy" rating [2]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company is experiencing a revenue decline of 4.4% in 2024, with total revenue expected to reach 470 million, showing a narrowing decline compared to 2023 [1] - The net profit attributable to the parent company is projected to be -26 million, a significant drop of 162.8% year-on-year [4] - The company is shifting its business focus from "engineering consulting" to "comprehensive technical services," aiming to optimize its customer structure and reduce reliance on real estate clients [3] Financial Performance Summary - **Revenue**: In 2024, the company expects total revenue of 470 million, down 4.4% from 2023, with a quarterly breakdown showing a recovery in Q3 and Q4 [1] - **Net Profit**: The net profit attributable to the parent company is forecasted to be -26 million in 2024, with a significant year-on-year decline [4] - **Gross Margin**: The overall gross margin for 2024 is expected to be 36.6%, a decrease of 3.2 percentage points, primarily due to competitive pressures in the real estate evaluation market [2] - **Cash Flow**: The company anticipates a net cash inflow from operating activities of 414 thousand in 2024, a decrease from the previous year [2] Business Strategy and Customer Structure - The company has reduced its reliance on real estate clients, with their revenue share dropping from 90% to 46% by the end of 2024 [3] - New business areas such as industry and insurance have seen revenue growth of over 100% and 30% respectively [3] - The company is exploring new application scenarios based on a "service + platform + data" model, collaborating with emerging clients in various sectors [3] Future Projections - The company projects net profits of 42 million, 63 million, and 77 million for 2025, 2026, and 2027 respectively, indicating a strong growth trajectory [3] - Earnings per share (EPS) are expected to be 0.28, 0.42, and 0.51 yuan for the years 2025, 2026, and 2027 [4]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company is experiencing a revenue decline of 4.4% in 2024, but the decline is narrowing compared to 2023, indicating a potential recovery point in performance [1] - The company is transitioning from an "engineering consulting" model to a "comprehensive technical service" model, focusing on optimizing customer structure and reducing reliance on high-risk clients [3] - The company expects significant growth in net profit from 2025 to 2027, with projected increases of 264%, 51%, and 21% respectively [3] Financial Performance Summary - In 2024, the company achieved total revenue of 470 million, down 4.4% year-on-year, with a net profit attributable to shareholders of -26 million, a decline of 162.8% [4] - The gross margin for 2024 is 36.6%, down 3.2 percentage points, primarily due to intense competition in the real estate evaluation market and rigid cost structures [2] - The company reported a net profit margin of -5.5% in 2024, a decrease of 14 percentage points year-on-year [2] Business Segment Analysis - Revenue from third-party evaluations and project management was 280 million and 190 million respectively in 2024, with year-on-year changes of -12% and +10% [1] - The company has successfully reduced the proportion of revenue from real estate clients from 90% to 46% by expanding into industries such as insurance and overseas markets [3] Future Projections - The company forecasts total revenue of 526 million in 2025, representing a year-on-year growth of 12.1% [4] - The expected earnings per share (EPS) for 2025 is 0.28 yuan, with a projected price-to-earnings (P/E) ratio of 59.8 [4]

证券代码：300977 证券简称：深圳瑞捷 公告编号：2025-022 深圳瑞捷技术股份有限公司 2024年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东大会未出现否决议案的情形。 2.本次股东大会不涉及变更以往股东大会决议。 一、会议的召开情况 （一）会议召开时间 1.现场会议：2025 年 5 月 6 日（星期二）15:00 2.网络投票：通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 5 月 6 日 9:15—9:25，9:30—11:30 和 13:00—15:00；通过深圳证券交易所互联 网投票系统进行网络投票的具体时间为 2025 年 5 月 6 日 9:15—15:00。 （二）现场会议召开地点：深圳市龙岗区坂田街道雅宝路 1 号 A 栋 31 楼尊重 会议室 （三）会议召集人：公司董事会 （四）会议召开方式：现场投票与网络投票相结合的方式 （五）会议主持人：董事长范文宏先生 （六）本次会议的召集、召开符合《中华人民共和国公司法》《上市公司股东会 规则》等有关法律、行政法规、部门规 ...

中国 深圳 福田区 益田路6001号太平金融大厦11-12楼 邮政编码：518038 11-12F., TAIPING FINANCE TOWER, NO. 6001 YITIAN ROAD, SHENZHEN, P.R. CHINA 电话(Tel.)：(0755) 88265288 传真(Fax.)：(0755) 88265537 网址（Website）：https://www.sundiallawfirm.com 广东信达律师事务所 关于深圳瑞捷技术股份有限公司 2024年年度股东大会的 法律意见书 信达会字[2025]第 084 号 致：深圳瑞捷技术股份有限公司 广东信达律师事务所（以下简称"信达"）接受深圳瑞捷技术股份有限公司 （以下简称"贵公司"）的委托，指派律师参加了贵公司2024年年度股东大会（以 下简称"本次股东大会"），并进行了必要的验证工作。 信达律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（下称"《证券法》"）、《上市公司股东会规则》（以下简称"《股 东会规则》"）、《律师事务所从事证券法律业务管理办法》和《律师事务所证券法 律业务执业规则（试行 ...

Business Overview - The company's main business segments include third-party evaluation, project management, and collaborative services represented by engineering management information technology and testing and certification. The core business has not undergone significant changes during the reporting period [1]. - New applications in the third-party evaluation business, such as insurance risk reduction services, property operation services, and hotel evaluation services, are expected to become new growth highlights for the company [1]. Financial Performance - As of April 18, 2025, the number of registered shareholders is 9,558 [3]. - In Q1 2025, the company achieved revenue of 75.85 million, a decrease of 1.57% year-on-year, while net profit attributable to shareholders increased by 35.02% [12]. - The operating cash inflow for 2024 was 475 million, down 11.08% from 2023, primarily due to non-cash collections [9]. Market Challenges and Strategies - The company's stock price has been affected by macroeconomic policies, market conditions, and investor sentiment. The management is committed to optimizing customer structure and enhancing order quality [4]. - The company is focusing on technology empowerment and increasing investments in information technology and digitalization to enhance product and service upgrades [4]. Growth Drivers - The insurance business has seen a growth of over 30% year-on-year, driven by the acceleration of IDI engineering quality insurance and safety responsibility insurance [7]. - The chain comprehensive service, particularly in the hotel sector, has increased by over 200% compared to 2023 [5]. Client and Revenue Structure - Revenue from real estate clients has decreased to approximately 21.74 million, accounting for 46.35% of total revenue, as the company shifts focus to industrial and insurance clients [15]. - The company has actively expanded its client base in the industrial and insurance sectors, achieving over 100% growth in industrial client revenue year-on-year [15]. Risk Management - The company has implemented a comprehensive credit control system to manage accounts receivable risks, including multi-dimensional assessment and dynamic credit monitoring [14]. Future Outlook - The company plans to enhance product competitiveness through technology integration, including AI and big data, to optimize service processes and meet diverse market demands [11]. - The focus will be on high-end manufacturing, energy, and chain industries for future growth, alongside expanding services in property operation and urban renewal [9].

Financial Performance - The company's revenue for Q1 2025 was ¥75,851,865.92, a decrease of 1.57% compared to ¥77,063,590.44 in the same period last year[5] - Net profit attributable to shareholders increased by 35.02% to ¥4,264,812.07 from ¥3,158,732.08 year-on-year[5] - Basic earnings per share rose by 50.00% to ¥0.03 from ¥0.02 in the same period last year[5] - The company reported a net profit margin of approximately -7.3% for the current period, indicating a loss compared to the previous period[27] - The company's net profit for the current period is 4,176,012.87, an increase from 3,064,141.37 in the previous period, representing a growth of approximately 36.4%[28] - Operating profit for the current period is reported at 4,313,989.06, compared to 2,716,189.54 in the previous period, indicating a significant increase of about 59.0%[28] - The total profit for the current period stands at 4,292,474.89, up from 2,618,189.54, reflecting an increase of approximately 64.0%[28] Cash Flow - The net cash flow from operating activities was negative at -¥53,818,951.42, worsening by 21.21% compared to -¥44,399,637.78 in the previous year[5] - Cash flow from operating activities shows a net outflow of -53,818,951.42, worsening from -44,399,637.78 in the previous period[32] - Cash flow from investing activities has a net inflow of 27,439,338.73, down from 76,539,861.03 in the previous period, indicating a decrease of about 64.1%[32] Assets and Liabilities - Total assets decreased by 2.27% to ¥1,460,282,430.89 from ¥1,494,216,639.31 at the end of the previous year[5] - Total current assets decreased to CNY 1,072,603,219.65 from CNY 1,113,988,498.59, reflecting a decline of 3.71%[23] - Total liabilities decreased to CNY 94,132,570.37 from CNY 132,642,791.66, a reduction of 29.00%[26] - The company's total equity increased to CNY 1,366,149,860.52 from CNY 1,361,573,847.65, reflecting a growth of 0.42%[27] Investment and Expenses - The cash received from investment activities decreased by 58.42%, amounting to ¥188,109,608.34 compared to ¥452,421,333.34 in the same period last year[14] - The cash paid for purchasing fixed assets, intangible assets, and other long-term assets decreased by 56.71%, totaling ¥872,790.93, down from ¥2,016,148.53[14] - The cash paid for investments decreased by 56.02%, amounting to ¥166,974,095.00 compared to ¥379,641,624.99 in the previous year[14] - Research and development expenses were CNY 6,675,745.70, an increase of 7.15% compared to CNY 6,230,978.45 in the previous period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,623[16] - The largest shareholder, Fan Wenhong, holds 25.64% of the shares, totaling 39,037,950 shares[16] - The second-largest shareholder, Huang Xinhua, holds 24.64% of the shares, totaling 37,507,050 shares[16] - The company has no preferred shareholders with voting rights as of the reporting period[16] - There were no changes in the number of preferred shareholders or any new restrictions on shares during the reporting period[18] Fair Value and Impairment - The company reported a significant increase in fair value gains of 488.33%, amounting to ¥2,981,049.38, primarily from structured deposits[11] - Credit impairment losses surged by 680.77% to ¥4,011,870.76, attributed to recoveries from high-risk real estate clients[11] - The company experienced a credit impairment loss of 4,011,870.76, compared to a gain of -690,788.46 in the previous period, indicating a significant negative shift[28] Future Outlook - The company plans to continue focusing on new product development and market expansion strategies in the upcoming quarters[5] - The company has not reported any new products or technologies in this earnings call, focusing instead on financial performance and cash flow management[34]

第一创业证券承销保荐有限责任公司 关于深圳瑞捷技术股份有限公司 经中国证券监督管理委员会证监许可[2021]837 号文核准，并经深圳证券交 易所同意，深圳瑞捷技术股份有限公司（以下简称"深圳瑞捷"、"上市公司"、 "发行人"）首次公开发行股票 1,120 万股，每股面值人民币 1 元，发行价为每 股人民币 89.66 元，共计募集资金 100,419.20 万元，扣除承销费用 6,235.23 万 元后的募集资金为 94,183.97 万元。本次发行证券已于 2021 年 4 月 20 日在深圳 证券交易所创业板上市交易。第一创业证券承销保荐有限责任公司（以下简称"一 创投行"或"保荐机构"）担任其持续督导保荐机构，持续督导期间为 2021 年 4 月 20 日至 2024 年 12 月 31 日。 2024 年 12 月 31 日，持续督导期已届满，一创投行根据《证券发行上市保 荐业务管理办法》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业 务》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监 管指引第 2 号——创业板上市公司规范运作》等法规、规范性文件相关要求，出 具本保 ...