中国铁路通信信号股份有限公司对通号集团财务有限 公司的风险持续评估报告 根据《企业集团财务公司管理办法》《上海证券交易所上 市公司自律监管指引第 5 号——交易与关联交易》等相关规 定，中国铁路通信信号股份有限公司（以下简称"本公司"） 通过查验通号集团财务有限公司（以下简称"财务公司"）金 融许可证、营业执照等证件资料，并审阅财务公司的财务报 表及相关数据指标，对财务公司的经营资质、内控、业务和 风险状况进行了评估，具体情况报告如下： 一、财务公司基本情况 通号集团财务有限公司是 2022 年 8 月 15 日经中国银行 保险监督管理委员会（现为国家金融监督管理总局）批准设 立，并核发金融许可证的非银行金融机构，于 2022 年 8 月 16 日经国家工商行政管理总局核准注册成立。财务公司由中 国铁路通信信号集团有限公司（以下简称"通号集团"）和本 公司共同出资设立，注册资本为 20 亿元，本公司出资人民币 19 亿元，持有财务公司 95%的股权，通号集团出资人民币 1 亿元，持有财务公司 5%的股权。 法定代表人：戴学兵 注册地址：北京市丰台区汽车博物馆南路 1 号院 1 号楼 14 层西侧 企业类型：其 ...

Core Insights - The company reported a revenue of 14.665 billion yuan for the first half of 2025, representing a year-on-year growth of 2.91% [1] - The net profit for the same period was 1.621 billion yuan, showing a year-on-year increase of 1.34% [1] Financial Performance - Revenue: 14.665 billion yuan, up 2.91% year-on-year [1] - Net Profit: 1.621 billion yuan, up 1.34% year-on-year [1]

Group 1 - The core viewpoint of the articles highlights the performance of the Shanghai Composite Index and the Hang Seng Index, with increases of 1.51% and 1.94% respectively on August 25 [1] - China Railway Signal & Communication Corporation (China Tonghao) has an AH premium of 73.39%, ranking 46th among AH shares [1] - At the close of trading, China Tonghao's A-shares were priced at 5.62 yuan, reflecting a 1.26% increase, while its H-shares were priced at 3.54 HKD, up by 1.72% [1] Group 2 - China Tonghao is a large central enterprise directly supervised by the State-owned Assets Supervision and Administration Commission, specializing in rail transit control technology [1] - The company is a global leader in rail transit control systems and possesses a complete industrial chain including investment and financing, design and research, system integration, equipment manufacturing, engineering services, and operation maintenance [1] - China Tonghao has received an A-grade in operational performance assessment for four consecutive years and successfully listed on the Hong Kong Stock Exchange in 2015, becoming the first central enterprise and A+H share company to list on the Shanghai Stock Exchange's Sci-Tech Innovation Board in 2019 [1]

Group 1 - The core viewpoint of the article highlights the performance of the Science and Technology Innovation Enhanced ETF (588520), which opened with a gain of 0.67% at 1.195 yuan [1] - The top holdings of the ETF include companies such as SMIC, which rose by 1.59%, and Cambricon, which increased by 3.76%, while others like Jianyuan Technology and Transsion Holdings experienced slight declines [1] - The ETF's performance benchmark is the Shanghai Stock Exchange Science and Technology Innovation Board Composite Price Index, managed by Yongying Fund Management Company, with a return of 18.66% since its inception on June 27, 2025, and a return of 13.59% over the past month [1]

Group 1 - Hong Kong high-speed rail infrastructure stocks collectively strengthened, with China CRRC leading the rise by over 6%, followed by Times Electric with a 4% increase, and China Railway Construction, China Railway, and China Metallurgical Group each rising nearly 3% [1] - According to a report from招商宏观, the next phase should focus on the rebound effect of infrastructure-related fiscal expenditure growth, which may significantly support the currently weak infrastructure investment growth [1] - The cumulative year-on-year growth rate of public budget expenditure in the infrastructure sector from January to July was -5%, but it is expected to rebound to over 7% from August to December [1] Group 2 - The stock performance of key companies includes: China CRRC at 6.20%, Times Electric at 3.86%, China Railway Construction at 2.97%, China Railway at 2.72%, China Metallurgical Group at 2.63%, China Communications Construction at 1.55%, and Guangzhou-Shenzhen Railway at 1.02% [2]

港股高铁基建股集体走强，其中，中国中车涨超6%领衔，时代电气涨4%，中国铁建、中国中铁、中国 中冶涨近3%，中国通号涨超2%，中国交通建设涨1.55%。 消息上，招商宏观研报称，下阶段可重点关 注基建相关财政支出增速的回补效应，或对当前相对疲弱的基建投资增速形成显著支撑，同时也构成上 游"反内卷"需求侧政策的重要部分。为完成全年支出预算，后续基建领域支出进度须有明显加速。1-7 月一般公共预算支出基建领域支出累计同比增速仅为-5%，8-12月增速中枢有望反弹至7%以上。 有分 析称，短期关注政策催化下的主题机会，中长期聚焦具备技术壁垒及海外拓展能力的龙头。建议结合业 绩确定性与成长性(如高铁智能化细分赛道)布局。(格隆汇) 相关事件 港股异动丨高铁基建股强势 中国中车涨超6% 中国铁建等多股涨近3% 中国铁建(01186.HK)拟8月29日举 行董事会会议批准中期业绩 中国中冶(01618.HK)拟8月29日举行董事会会议批准中期业绩 港股异动丨高 铁基建股持续上涨 中国中冶涨超6%，月内累计升幅达30% 港股异动丨高铁基建股强势 中国中车涨超 6% 中国铁建等多股涨近3% 中国中车(01766.HK)8月2 ...

Group 1 - The company, China Communications Technology Co., Ltd. (03969.HK), announced that it will hold a board meeting on August 27, 2025 [1] - The purpose of the meeting is to review and approve the interim results for the six months ending June 30, 2025, and to discuss its release [1]

Core Viewpoint - China Communications Technology Co., Ltd. (03969.HK) announced that it will hold a board meeting on August 27, 2025, to review and approve the interim results for the six months ending June 30, 2025, and its release [1] Summary by Category - Company Announcement - The company will convene a board meeting to discuss its interim performance [1] - The meeting is scheduled for August 27, 2025 [1] - The financial results to be reviewed will cover the period ending June 30, 2025 [1]

（在中華人民共和國註冊成立的股份有限公司） （股份代號：3969） 董事會會議通告 中 國 鐵 路 通 信 信 號 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈， 董 事 會 會 議 將 於 二 零 二 五 年 八 月 二 十 七 日（星 期 三）舉 行，藉 以（其 中 包 括） 審議及批准本公司及其附屬公司截至二零二五年六月三十日止六個月 之 中 期 業 績 及 其 發 佈。 承董事會命 中國鐵路通信信號股份有限公司 樓齊良 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* 中 華 人 民 共 和 國，北 京 二零二五年八月十五日 於 本 公 告 日 期，本 公 司 執 行 董 事 為 ...

Group 1 - The stock price of China Railway Signal & Communication Corp (688009) closed at 5.39 yuan on August 15, 2025, with an increase of 1.32% and a turnover rate of 0.3% [1] - The company reported a total revenue of 6.734 billion yuan for Q1 2025, representing a year-on-year growth of 2.84%, while the net profit attributable to shareholders decreased by 7.08% to 562 million yuan [1] - The company's liquidity ratios are as follows: current ratio at 1.501, quick ratio at 1.429, and debt-to-asset ratio at 55.95% [1] Group 2 - China Railway Signal & Communication Corp has made investments in 36 companies and participated in 5,000 bidding projects [2] - The company holds 61 trademark registrations and 119 patents, along with 64 administrative licenses [2]