Policy and Market Trends - The Ministry of Industry and Information Technology and eight other departments issued a plan aiming for approximately 32.3 million vehicle sales in 2025, a year-on-year growth of about 3%[7] - The plan emphasizes the core position of intelligent development and promotes the industrial application of intelligent network technology, including the approval of L3 level vehicles for conditional autonomous driving[13] Industry Analysis - The market for automotive-grade SoC (System on Chip) in China is projected to reach 38.1 billion yuan in 2024, representing a year-on-year growth of 42.7%[26] - SoC chips have become the mainstream intelligent driving chips due to their enhanced computing power and data transmission efficiency, addressing the challenges faced by traditional MCU chips[21] Stock Performance - The median price change for technology growth stocks on the Beijing Stock Exchange was -1.84% from September 15 to September 19, 2025, with 43 companies (28%) experiencing an increase[45] - Notable gainers included Kaiter Co. (+33.76%), Anhui Phoenix (+19.99%), and Tianhong Lithium (+19.11%) during the same period[45] Valuation Metrics - The median TTM (Trailing Twelve Months) P/E ratio for the automotive industry increased by 2.96% to 38.2X, while the electronic equipment industry saw a decrease from 63.1X to 60.7X[45] - The median market capitalization for the automotive industry rose from 22.1 billion yuan to 22.6 billion yuan[45] Company Developments - Kaiter Co. specializes in automotive sensors and has a market capitalization of 7.728 billion yuan with a TTM P/E ratio of 47.65[44] - Aweit intends to establish a wholly-owned subsidiary in Anhui Province with a registered capital of 30 million yuan[39]

第一创业证券承销保荐有限责任公司 关于北京云星宇交通科技股份有限公司的 2025 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《北京证券交易所股票上市规则》 等有关法律法规、规范性文件等的规定，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"）作为北京云星宇交通科技股份有限公司（以 下简称"云星宇"或"公司"）的保荐机构，负责云星宇的持续督导工作，并出 具 2025 年半年度持续督导跟踪报告。 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露文件审阅情况 | 保荐机构对云星宇的信息披露文件及时进行了审阅 | | 2、督导公司建立健全并有效执行 | 保荐机构查阅公司 年上半年度修订的新制度和公 2025 | | 规则制度的情况 | 司章程，并查阅公司三会文件 | | 3、募集资金使用监督情况 | 保荐机构查阅公司募集资金管理相关制度、募集资金使 | | | 用信息披露文件和决策程序文件、定期查阅募集资金专 | | | 户银行对账单，募集资金使用明细账，对公司募集资金 | | | 使用情况进行现场核查 | | 4、督导公司规范运作情况 | 保荐机 ...

证券代码：873806 证券简称：云星宇 公告编号：2025-094 北京云星宇交通科技股份有限公司 第四届董事会第十三次会议决议公告 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、会议召开和出席情况 （一）会议召开情况 本次会议的出席人数、召集、召开程序和议事内容均符合《公司法》和《公 司章程》的规定，所作决议合法有效。 （二）会议出席情况 会议应出席董事 8 人，出席和授权出席董事 8 人。 二、议案审议情况 （一）审议通过《关于公司<2025 年半年度报告及其摘要>的议案》 1.议案内容： 根据《北京证券交易所股票上市规则》《公开发行证券的公司信息披露内容 1.会议召开时间：2025 年 8 月 25 日 2.会议召开地点：公司办公楼会议室 3.会议召开方式：现场 4.发出董事会会议通知的时间和方式：2025 年 8 月 18 日以书面方式发出 5.会议主持人：董事长谢宇先生 6.会议列席人员：董事会秘书、总法律顾问 7.召开情况合法、合规、合章程性说明： 与格式准则第 54 号——北京证券 ...

证券代码：873806 证券简称：云星宇 公告编号：2025-097 一、募集资金基本情况 （一）募集资金总额、净额及资金到账时间 北京云星宇交通科技股份有限公司（以下简称"公司"）于 2023 年 12 月 26 日经中国证券监督管理委员会同意注册（证监许可〔2023〕2874 号），经北京 证券交易所 2024 年 1 月 9 日出具的《关于同意北京云星宇交通科技股份有限公 司股票在北京证券交易所上市的函》（北证函〔2024〕24 号）批准，公司股票于 2024 年 1 月 11 日在北京证券交易所上市。 公司公开发行股票 72,466,667 股（超额配售选择权行使前），每股面值人民 币 1 元，每股发行价格为 4.63 元，募集资金总额 335,520,668.21 元，扣除承销 及保荐费（不含增值税）28,584,905.66 元后，募集资金到账金额 306,935,762.55 元，已于 2024 年 1 月 5 日划至公司中国民生银行北京方庄支行账户。另有需减 除的审计费、律师费、发行手续费合计 5,979,922.08 元，募集资金净额为 300,955,840.47 元。致同会计师事务所（特 ...

Company Overview - Full Name: Beijing Yunxingyu Transportation Technology Co., Ltd [1] - Abbreviation: Yunxingyu [1] - Stock Code: 873806.BJ [1] - IPO Application Date: August 24, 2023 [1] - Listing Date: January 11, 2024 [1] - Listing Board: Beijing Stock Exchange [1] - Industry: Software and Information Technology Services [1] - IPO Sponsoring Institution: First Venture Securities [1] Underwriting and Legal Information - Underwriters: Liu Ning, Wu Zhenxiong [2] - IPO Legal Counsel: Beijing Lifang Law Firm [2] - IPO Audit Firm: BDO China Shu Lun Pan Certified Public Accountants [2] Disclosure and Regulatory Evaluation - Disclosure Issues: Required to clarify compliance with non-recurring gains and losses, correct accounting errors, and disclose any significant discrepancies in IPO materials [2] - Regulatory Penalties: No penalties [3] - Public Supervision: No penalties [3] - Listing Cycle: 140 days, significantly lower than the average of 629.45 days for 2024 A-share listings [4] - Multiple Applications: Yes [5] Financial Metrics - Underwriting and Sponsorship Fees: 28.5849 million yuan, with a commission rate of 7.41%, lower than the average of 7.71% [5] - First Day Performance: Stock price increased by 166.31% compared to the issue price [6] - Three-Month Performance: Stock price increased by 90.06% compared to the issue price [8] - Issuance Price-Earnings Ratio: 22.11 times, significantly lower than the industry average of 61.10 times, representing 36.19% of the industry average [9] - Expected Fundraising: 411 million yuan, with actual fundraising of 386 million yuan, a decrease of 6.18% [10] Short-Term Performance - Revenue Growth: 4.31% year-on-year increase in revenue [11] - Net Profit Growth: 1.04% year-on-year increase in net profit attributable to shareholders [11] - Non-recurring Net Profit Growth: 33.27% year-on-year increase in non-recurring net profit attributable to shareholders [11] Overall Evaluation - Total Score: 86.5 points, classified as B-level [13] - Negative Factors Affecting Score: Disclosure quality needs improvement, multiple applications, and reduced actual fundraising [13]

Core Viewpoint - The event "Investor Zero Distance" held by the Beijing Stock Exchange aimed to deepen investors' understanding of listed companies' fundamentals and foster a rational investment culture, bridging the gap between investors and quality listed companies [1][3]. Company Overview - Yunxingyu, established in 1997, is a comprehensive service provider in smart transportation, focusing on system integration, technology services, and product sales related to smart transportation [3][4]. - The company has expanded its business from highway smart transportation system integration to various related services, covering all provincial administrative regions in mainland China [3][4]. Financial Performance - In 2024, Yunxingyu achieved a revenue of 2.297 billion yuan, a year-on-year increase of 4.31%, and a net profit attributable to shareholders of 116 million yuan, up 1.04% [4]. - The net profit excluding non-recurring gains and losses was 103 million yuan, reflecting a significant year-on-year growth of 33.27% [4]. Strategic Developments - In 2024, Yunxingyu is focusing on smart transportation, aiming for steady progress while enhancing market-oriented reforms and innovation capabilities [6]. - The company has a strong market presence, with a cumulative contract amount of nearly 26 billion yuan and a leading position in the industry [6][8]. Technological Advancements - In 2024, Yunxingyu made breakthroughs in key strategic areas such as smart highways and urban digital mapping, completing the smart upgrade of 72 highway toll stations [7]. - The company is actively involved in the construction of high-level autonomous driving demonstration zones and has successfully applied its self-developed millimeter-wave radar products in projects [7]. Industry Outlook - The smart transportation industry is experiencing a golden development period, driven by policy support and new infrastructure initiatives [10]. - The market for intelligent driving in China is projected to grow significantly, with estimates suggesting a market size exceeding 300 billion yuan by 2025 and potentially surpassing 1.2 trillion yuan by 2030 [11]. Investor Engagement - The "Investor Zero Distance" event provided a platform for investors to understand Yunxingyu's technological strength and development potential, enhancing their awareness of the company and the smart transportation industry [13].

（文章来源：证券日报） 证券日报网讯 7月31日晚间，云星宇发布公告称，公司第四届董事会第十二次会议审议通过了《关于公 司经理层成员签订2025年业绩目标考核责任书相关事宜的议案》等多项议案。 ...

Core Viewpoint - Yunxingyu announced the appointment of Sun Hao as Chief Information Officer, effective from the date of board approval until the current board's term ends, starting from July 31, 2025 [1] Group 1 - The appointment was made following the nomination by the company's general manager [1]

证券代码：873806 证券简称：云星宇 公告编号：2025-093 北京云星宇交通科技股份有限公司首席信息官变动公告 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、高级管理人员任命的基本情况 根据《中华人民共和国公司法》及《公司章程》和《董事会议事规则》等相 关规定，公司于 2025 年 7 月 31 日召开第四届董事会第十二次会议，审议并通过 《关于聘任公司首席信息官的议案》，表决情况：同意 8 票、反对 0 票、弃权 0 票。 陈日强先生因工作调整，辞去公司首席信息官职务，辞任后继续担任公司副 总经理。根据《公司法》《公司章程》等相关规定，经公司总经理提名，聘任副 总经理孙昊先生担任公司首席信息官，任期自本次董事会审议通过之日起至本届 董事会届满之日止，自 2025 年 7 月 31 日起生效。该人员持有公司股份 0 股，占 公司股本的 0%，不是失信联合惩戒对象。 公司本次聘任首席信息官符合法律法规、部门规章、业务规则和公司章程等 规定。 （二）人员变动对公司的影响 本次任命根据《公司法》 ...

证券代码：873806 证券简称：云星宇 公告编号：2025-092 二、议案审议情况 （一）审议通过《关于修订公司<全面预算管理办法>的议案》 1.议案内容： 根据公司最新修订的《公司章程》，为进一步规范和优化公司全面预算管理， 北京云星宇交通科技股份有限公司 第四届董事会第十二次会议决议公告 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、会议召开和出席情况 （一）会议召开情况 本次会议的出席人数、召集、召开程序和议事内容均符合《公司法》和《公 司章程》的规定，所作决议合法有效。 （二）会议出席情况 会议应出席董事 8 人，出席和授权出席董事 8 人。 本议案无需提交股东会审议。 （三）审议通过《关于聘任公司首席信息官的议案》 1.会议召开时间：2025 年 7 月 31 日 2.会议召开地点：公司办公楼会议室 3.会议召开方式：现场 4.发出董事会会议通知的时间和方式：2025 年 7 月 24 日以书面方式发出 5.会议主持人：董事长谢宇先生 6.会议列席人员：董事会秘书、总法律顾问等 7. ...