Core Viewpoint - Iron Technology reported a significant increase in revenue and net profit for H1 2025, indicating strong business performance and growth potential [1] Group 1: Financial Performance - In H1 2025, Iron Technology achieved total revenue of 121 million yuan, a year-on-year increase of 16.25% [1] - The net profit attributable to shareholders reached 23.7863 million yuan, reflecting a year-on-year growth of 53.68% [1] - The company's main product categories saw substantial gross margin improvements, with equipment monitoring increasing by 4.00 percentage points, electrical equipment by 7.84 percentage points, and other products by 11.63 percentage points [1] Group 2: Investment Activities - Iron Technology announced an investment of 60 million yuan in Bear Robot Co., acquiring a 37.69% stake through its subsidiary, Shanghai Hutoong Intelligent Technology [2] - The investment includes a 30% equity acquisition for 30 million yuan and an additional capital increase of 10 million yuan [2] - Bear Robot, established in 2021, is recognized as a leading provider of low-speed autonomous driving solutions in China [2] Group 3: Strategic Expansion - The subsidiary, Shanghai Hutoong Intelligent Technology, is involved in cutting-edge fields such as autonomous driving and embodied intelligence, focusing on applications like unmanned delivery and automated inspection [3] - In August 2024, Hutoong Intelligent announced plans to invest in Push Technology, which aims to develop a general autonomous mobility system for robots [3] - Push Technology's products include sidewalk delivery robots and specialized mobile robots equipped with dedicated functional modules [3]

证券代码：872541 证券简称：铁大科技 公告编号：2025-093 上海铁大电信科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 √特定对象调研 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 上市公司接待人员：公司董事会秘书 丁洁波先生 三、 投资者关系活动主要内容 本次投资者关系活动以线上会议方式展开，就投资者关心的问题进行了沟通 与交流。本次投资者关系活动的主要问题及公司对问题的回复情况如下： 问题 1：公司监控监测类业务增长的原因？上半年订单主要是哪些区域的项 目？ 回复：公司监测监控类产品的在手订单充足，在公司整体的产品结构中占比 有所增长。公司的产品线覆盖全国各个铁路局集团公司，特别是在上海、乌鲁木 齐、济南等几个铁路局集团公司的业务规模比较特出。 √其他 （投资者线上交流会） 二、 投资者关系活动情况 活动时间：2025 年 08 月 14 日 活动地点：蓝宝石大厦公司会议室、线上会议 参会单 ...

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [2] Core Views - The company achieved a net profit of 23.79 million yuan in H1 2025, representing a year-on-year increase of 53.68%. The total revenue for H1 2025 was 121 million yuan, up 16.25% year-on-year [5] - The company has seen significant growth in its equipment monitoring segment, with revenue increasing by 19.97% to 79.53 million yuan in H1 2025. Other product categories also performed well, with a revenue increase of 65.07% [5] - The company is expanding its business into the robotics sector through its subsidiary, Shanghai Hutoong Zhixing Technology Co., Ltd., which has acquired a 37.69% stake in Bear Robot Co., Ltd. [6][7] Financial Summary - For 2025, the company is projected to achieve a total revenue of 316 million yuan, with a year-on-year growth of 13.0%. The net profit is expected to reach 74 million yuan, reflecting a 29.0% increase [8] - The gross margin is expected to improve to 47.8% in 2025, while the net margin is projected to be 23.2% [11] - The earnings per share (EPS) is forecasted to be 0.54 yuan in 2025, with a price-to-earnings (P/E) ratio of 31.9 [8][11]

Group 1 - The core viewpoint of the report indicates that Tieda Technology achieved significant growth in revenue and net profit in the first half of 2025, with operating income reaching 121 million yuan, a year-on-year increase of 16.25%, and net profit attributable to shareholders amounting to 23.79 million yuan, up 53.68% [1] - The company reported a basic earnings per share of 0.174 yuan, reflecting a growth of 53.71% compared to the previous year [1] - Tieda Technology emphasized its commitment to the major strategy of building a strong transportation nation, focusing on technological leadership and reform to enhance vitality, achieving new highs in contracts, revenue, and profit despite a challenging operating environment [1] Group 2 - The main sources of revenue during the reporting period were from equipment monitoring products and electrical equipment, with an increase in revenue and gross margin for equipment monitoring products, while operating costs decreased [1] - The company effectively expanded its business in equipment monitoring products, leading to a higher proportion of sales contracts and an increase in gross profit due to effective cost control [1] - In terms of R&D, the company incurred R&D expenses of 13.27 million yuan, accounting for 10.99% of operating income, which is a 6.72% increase year-on-year [2] Group 3 - Tieda Technology participated in the formulation and revision of technical standards and specifications for railway systems during the reporting period [2] - The company made a strategic investment of 60 million yuan in Bear Robot Co., Ltd. through its wholly-owned subsidiary, Shanghai Huto Intelligent Technology Co., Ltd., acquiring a 37.69% stake in Bear Robot [2] - Tieda Technology has been focused on the communication signal field of the rail transit industry since its establishment, becoming a high-tech enterprise that integrates design, R&D, manufacturing, sales, engineering, and services [2]

Market Overview - The rail transit equipment sector experienced a decline of 2.86% on August 14, with Yonggui Electric leading the drop [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Stock Performance - Yonghui Electric (300351) closed at 18.52, down 7.86% with a trading volume of 510,500 shares and a transaction value of 966 million [1] - Quantang Heavy Industry (301048) closed at 12.97, down 7.75% with a trading volume of 404,100 shares and a transaction value of 536 million [1] - Tieda Technology (872541) closed at 17.17, down 6.17% with a trading volume of 62,100 shares and a transaction value of 109 million [1] - Other notable declines include Tieda Rail (6888889) down 5.35%, Tianzhixin Material (688033) down 4.43%, and Jiaotong Iron and Steel (920027) down 4.18% [1] Capital Flow - The rail transit equipment sector saw a net outflow of 606 million from institutional investors, while retail investors contributed a net inflow of 468 million [1] - The table of capital flow indicates that major stocks like Changqing Technology (001324) and Times New Materials (600458) experienced mixed capital inflows and outflows from different investor types [2]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company is focusing on the unmanned delivery sector to cultivate new growth areas, with a 54% year-on-year increase in net profit attributable to shareholders in H1 2025 [5] - The company has invested in technology and Bear Robot to enter the unmanned delivery market, which has significant growth potential [6] - The company’s subsidiaries are collaborating to implement projects in rail transit operation and maintenance scenarios, leveraging favorable national policies to expand market opportunities [6][8] Financial Performance - In H1 2025, the company achieved revenue of 121 million yuan (up 16.25% year-on-year) and a net profit of 23.79 million yuan (up 53.68% year-on-year) [7] - The revenue from equipment monitoring products grew by 20% year-on-year, with a gross margin increase of 4 percentage points to 52.23% [7] - The company expects net profits of 73 million yuan, 89 million yuan, and 106 million yuan for 2025, 2026, and 2027 respectively [7][10] Market Outlook - The urban rail transit investment scale is expected to reach 500-600 billion yuan in 2025, with multiple cities initiating new lines [7] - The rapid development of technologies such as cloud computing, big data, and artificial intelligence is creating new opportunities for the company in the field of intelligent maintenance and monitoring systems [7] - The company is well-positioned to benefit from the increasing demand for intelligent monitoring systems driven by national policies [7][8]

Core Viewpoint - The company reported a significant increase in both revenue and net profit for the reporting period, indicating strong financial performance and growth potential [2] Financial Performance - The company achieved operating revenue of 120,739,232.33 yuan, representing a year-on-year growth of 16.25% [2] - The net profit attributable to shareholders of the listed company was 23,786,331.59 yuan, showing a year-on-year increase of 53.68% [2]

（文章来源：证券日报） 证券日报网讯 8月13日晚间，铁大科技发布公告称，公司第四届董事会第十六次会议审议通过了《关于 2025年半年度报告及摘要的议案》等多项议案。 ...

Group 1 - The company, Tieda Technology, announced the approval of multiple proposals during the 11th meeting of its fourth supervisory board, including the proposal for the 2025 semi-annual report and summary [2]

Group 1 - The company, Teda Technology, announced that it will hold its second extraordinary general meeting of shareholders for 2025 on September 1, 2025 [1] - The agenda for the meeting includes the proposal to cancel the supervisory board and amend the company's articles of association [1]