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Ruikeda (688800): Revenue and profit both achieved double growth, driven by the increased penetration rate of Electric Vehicles, boosting the company's performance.
On February 27, the company released a performance report for 2024. The company achieved revenue of 2.41 billion yuan in 2024, a year-on-year increase of 54.96%; it achieved a net income attributable to the parent company of 0.173 billion yuan, a year-on-year increase of 2.
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Express News | Rikoda Chairman Wu Shijun: AEC products will begin testing one after another this year, and are expanding into emerging fields such as humanoid robots.
Ruikeda's Wu Shijun: AI is catalyzing a surge in AEC product demand, achieving a transition from passive to active combination iteration | Dialogue with science and technology innovators.
① With the rise of Datacenter demand for AI, the requirements for transmission speed are becoming increasingly high, thus the combination of passive and active technologies is an inevitable trend for the future. Ruikeda is gradually implementing the combination iteration from passive to active; ② Ruikeda has already started cooperation with several domestic and foreign Siasun Robot&Automation companies, engaging in product development, testing, and certification related work.
Ruikeda (688800.SH): The company is in a phase of gradually increasing production capacity at its factories in the USA and Mexico.
On February 7, Gelonghui reported that Ruikeda (688800.SH) stated during a specific object survey that the company is gradually increasing capacity at its factories in the USA and Mexico. The factory in the USA continued to be profitable in the first three quarters, while the Mexico factory continued to incur losses, mainly due to capacity restrictions from T Company in the USA. Overall, the overseas factories achieved profitability. In recent years, the company has been steadily advancing its domestic and overseas capacity layout and enhancements as planned, and in the future, the company's development and growth will not be constrained by capacity. The company will also have more joint venture brands, overseas brand manufacturers, as well as new projects for new and old customers in energy storage, in the future.