Core Insights - The company reported a revenue of 21.748 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 4.48% [1] - The net profit attributable to shareholders decreased to 2.284 billion yuan, down 3.16% year-on-year, with basic earnings per share at 0.22 yuan [1] Revenue and Profit Analysis - Revenue for the first three quarters of 2025 was 21.748 billion yuan, showing a growth of 4.48% compared to the previous year [1] - Net profit attributable to shareholders was 2.284 billion yuan, reflecting a decline of 3.16% year-on-year [1] Contract Signing Performance - The total amount of new external contracts signed from January to September 2025 was 27.473 billion yuan, a decrease of 5.68% compared to the same period last year [1] - New contracts in the railway sector amounted to 17.252 billion yuan, an increase of 17.95% year-on-year [1] - New contracts in the urban rail transit sector reached 5.656 billion yuan, up 16.12% year-on-year [1] - New contracts in the overseas business sector were 2.022 billion yuan, down 48.30% year-on-year [1] - New contracts in engineering general contracting and other sectors totaled 2.490 billion yuan, a decline of 56.44% year-on-year [1] - New contracts in the low-altitude economy sector were 0.053 billion yuan [1]

Core Viewpoint - China Communication Technology Co., Ltd. (China Tonghao) reported its performance for the first three quarters of 2025, showing a slight increase in revenue but a decrease in net profit [1] Financial Performance - The company achieved an operating revenue of 21.748 billion yuan, representing a year-on-year increase of 4.48% [1] - The net profit attributable to shareholders of the listed company was 2.284 billion yuan, reflecting a year-on-year decrease of 3.16% [1] - The basic earnings per share stood at 0.22 yuan [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 中 國 鐵 路 通 信 信 號 股 份 有 限 公 司 China Railway Signal & Communication Corporation Limited* （在中華人民共和國註冊成立的股份有限公司） （股份代號：3969） 建議取消監事會 及 建 議 修 訂 公 司 章 程、股 東 大 會 議 事 規 則 及董事會議事規則 建議取消監事會 為 貫 徹 落 實《中 華 人 民 共 和 國 公 司 法》（「公司法」）、中 國 證 券 監 督 管 理 委 員 會 發 佈 的《關 於 新〈公 司 法〉配 套 制 度 規 則 實 施 相 關 過 渡 期 安 排》及《上 市 公 司 章 程 指 引》等 法 律 法 規 要 求，深 化 國 有 企 業 監 事 會 改 革，進 一 步 完 善 中 國 鐵 路 通 信 信 號 股 份 有 ...

Financial Performance - The company's operating revenue for the third quarter reached CNY 7,082,947,288.33, representing a year-on-year increase of 7.91%[13] - Total profit for the quarter was CNY 851,623,704.73, showing a decline of 18.10% compared to the same period last year[13] - Net profit attributable to shareholders was CNY 663,601,698.58, down 12.63% year-on-year[13] - Basic earnings per share for the quarter were CNY 0.07, a decrease of 0.17 compared to the same period last year[13] - The weighted average return on net assets was 1.32%, down by 4.70 percentage points year-on-year[13] - The company reported a significant increase of 230.05% in other revenue, amounting to RMB 15,722.65 million[28] - Total revenue for the first three quarters of 2025 reached ¥21.84 billion, a 4.3% increase from ¥20.94 billion in the same period of 2024[37] - Operating income for the first three quarters of 2025 was ¥21.75 billion, up from ¥20.81 billion in 2024, reflecting a growth of 4.5%[37] - Total operating costs for the first three quarters of 2025 amounted to ¥18.96 billion, an increase of 6.2% compared to ¥17.85 billion in 2024[37] - Total comprehensive income for the first three quarters of 2025 was approximately ¥2.19 billion, compared to ¥2.12 billion in the same period of 2024, showing a slight increase[56] Research and Development - The company invested CNY 479,762,984.75 in research and development during the quarter, an increase of 15.97% compared to the previous year[13] - The R&D expenditure accounted for 6.77% of operating revenue, up from 6.11% at the end of the previous year[13] - Research and development expenses for the first three quarters of 2025 were ¥1.28 billion, compared to ¥1.16 billion in 2024, indicating a growth of 9.9%[37] - Research and development expenses increased significantly to ¥59.32 million, up 108.3% from ¥28.52 million in the previous year[54] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -3,750,436,480.80, indicating a significant decline of 210.29% compared to the previous year[13] - The net cash flow from operating activities decreased by 210.29% due to changes in deposits from the controlling shareholder's financial company[18] - The net cash flow from operating activities, excluding customer deposits and interbank placements, was -1,850,678,324.66 CNY, compared to -1,619,753,427.62 CNY in the previous period[20] - Cash flow from operating activities for the first three quarters of 2025 was negative at approximately -¥3.75 billion, compared to a positive cash flow of ¥3.40 billion in 2024[43] - The company reported a decrease in cash flow from operating activities, with a net cash decrease of CNY -2,896,558,348.87 for the first three quarters of 2025[45] - The company experienced a significant decrease in cash inflow from customer deposits and interbank placements, with a net decrease of approximately -¥1.90 billion in 2025 compared to an increase of ¥5.02 billion in 2024[43] Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 115,662,301,853.24, a decrease of 1.89% from the previous year[13] - The net assets attributable to shareholders increased to CNY 48,576,890,764.20, reflecting a growth of 1.15% year-on-year[13] - The total liabilities of the company as of September 30, 2025, were RMB 89,348,958,810.93, down from RMB 91,105,546,464.58 at the end of 2024[31] - The total liabilities as of September 30, 2025, were ¥64.73 billion, a decrease from ¥67.46 billion as of December 31, 2024[34] - The company's total equity rose to CNY 34,627,580,316.46 as of September 30, 2025, compared to CNY 34,240,066,765.19 at the end of 2024[51] Shareholder Information - The total number of common shareholders at the end of the reporting period was 64,587[22] - The largest shareholder, China Railway Communication Signal Group Co., Ltd., holds 6,614,216,000 shares, representing 62.46% of total shares[22] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[37]

Core Viewpoint - China Communication Technology Co., Ltd. (China Tonghao) reported a mixed financial performance for Q3 2025, with revenue growth but a decline in net profit [1] Financial Performance - Q3 2025 revenue reached 7.083 billion yuan, representing a year-on-year increase of 7.91% [1] - Q3 2025 net profit was 664 million yuan, showing a year-on-year decrease of 12.63% [1] - For the first three quarters of 2025, total revenue was 21.748 billion yuan, up 4.48% year-on-year [1] - Net profit for the first three quarters of 2025 was 2.284 billion yuan, down 3.16% compared to the previous year [1] Contractual Performance - The total amount of new external contracts signed from January to September 2025 was 27.473 billion yuan, a decrease of 5.68% compared to the same period last year [1]

Core Viewpoint - China Railway Signal & Communication Corp (688009.SH) reported a year-on-year increase in operating revenue for Q3 2025, but a decline in net profit attributable to shareholders [1] Financial Performance - Operating revenue reached 7.083 billion yuan, representing a year-on-year increase of 7.91% [1] - Net profit attributable to shareholders was 664 million yuan, showing a year-on-year decrease of 12.63% [1] - Net profit attributable to shareholders after deducting non-recurring gains and losses was 645 million yuan, down 9.56% year-on-year [1]

证券代码：688009 证券简称：中国通号 公告编号：2025-031 中国铁路通信信号股份有限公司 关于预计 2026-2028 年度日常关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 是否需要提交股东会审议：是 日常关联交易对公司的影响：本次关联交易属于公司日常生产经营业 务，遵循自愿、平等、公允的交易原则，按照市场定价方式签订合同，不存在损 害公司及中小股东利益的行为，不会对关联人形成较大的依赖。 一、 日常关联交易基本情况 （一）日常关联交易履行的审议程序 2025 年 10 月 28 日，中国铁路通信信号股份有限公司（以下简称"公司"） 召开第四届董事会第 31 次会议，审议通过《关于中国铁路通信信号股份有限公 司 2026-2028 年度日常关联交易预计的议案》，在审议该议案时，关联董事回避 表决，3 名非关联董事一致同意上述议案。 该议案已经公司独立非执行董事专门会议审议通过，同意将上述议案提交公 司董事会审议。 本次关联交易预计涉及金额超过 3000 万元，且占公司最近一期经 ...

证券代码：688009 证券简称：中国通号 公告编号：2025-029 中国铁路通信信号股份有限公司 关于取消监事会并修订《公司章程》及相关议事规则 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 2025 年 10 月 28 日，中国铁路通信信号股份有限公司（以下简称"公司"） 召开第四届董事会第 31 次会议，审议通过了《关于取消监事会的议案》《关于 修订<公司章程>的议案》《关于修订<股东大会议事规则>的议案》《关于修订< 董事会议事规则>的议案》《关于修订<审计与风险管理委员会工作细则>的议案》， 情况如下： 一、 取消监事会设置 为贯彻落实《中华人民共和国公司法》（2023 年修订）（以下简称《公司法》）、 中国证监会发布的《关于新<公司法>配套制度规则实施相关过渡期安排》及《上 市公司章程指引》（2025 年修订）等法律法规要求，深化国有企业监事会改革， 进一步完善公司治理结构，提升公司治理效能，结合实际业务情况和治理要求， 公司拟取消监事会设置，监事会职权由董事会审计与风险管理委员会行使。《中 国铁路 ...

证券代码：688009 证券简称：中国通号 公告编号：2025-030 中国铁路通信信号股份有限公司 关于通号集团财务有限公司与中国铁路通信信号 集团有限公司续订《金融服务框架协议》 暨关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 该事项尚需提交股东会审议。 一、关联交易基本情况 1．前次签约情况。公司于2023年3月23日召开第四届董事会第12次会议审议 通过了《关于通号集团财务有限公司与中国铁路通信信号集团有限公司续订<金 融服务框架协议>暨关联交易的议案》。 2．本次拟签约情况。公司于2025年10月28日经独立非执行董事专门会议、 第四届董事会第31次会议审议通过《关于通号集团财务有限公司与中国铁路通信 信号集团有限公司签订<金融服务框架协议>暨关联交易的议案》。为规范公司之 控股子公司通号集团财务有限公司（以下简称"财务公司"）与中国铁路通信信 号集团有限公司（以下简称"通号集团"）及其附属公司、联系人（即"关联方" /"关连人士"，具体定义和范围请见《上海证券交易所科创板股票上市规则》 《香港 ...

1.《关于<中国铁路通信信号股份有限公司2025年第三季度报告>的议案》 公司监事会同意《中国铁路通信信号股份有限公司2025年第三季度报告》的 内容，认为： 证券代码：688009 证券简称：中国通号 公告编号：2025-032 中国铁路通信信号股份有限公司 第四届监事会第二十二次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 中国铁路通信信号股份有限公司（以下简称"公司"）第四届监事会第二十 二次会议（以下简称"本次会议"）于2025年10月28日以现场结合通讯形式召开， 本次会议通知及相关材料已于2025年10月21日以邮件方式送达公司全体监事。本 次会议由孔宁先生负责主持，会议应到3人，亲自出席2人，监事李铁南女士委托 监事杨扬女士代为出席并表决。本次会议的召集、召开符合《中华人民共和国公 司法》等法律、法规、规章、规范性文件和《中国铁路通信信号股份有限公司章 程》（以下简称《公司章程》）的有关规定。 二、监事会会议审议情况 经与会监事认真审议，以记名投票方式一致通过： （1） ...