证券代码：688009 证券简称：中国通号 公告编号：2024-007 中国铁路通信信号股份有限公司 2023 年度利润分配方案公告 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： 公司拟每 10 股派发现金股利人民币 1.70 元（含税）。公司不送红股， 不进行资本公积转增。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体 日期将在权益分派实施公告中明确。 公司拟向全体股东每 10 股派发人民币 1.70 元现金股利（含税），其中内资 股东以人民币支付、H 股股东以港币支付，港币汇率以宣布派发股利之日前 3 个 工作日中国人民银行公布的有关外汇的平均收市价折算。截至 2023 年 12 月 31 日，公司总股本 10,589,819,000 股，以此计算合计拟派发现金红利总额为人民 币 18.00 亿元（含税），占公司 2023 年度归属于上市公司股东净利润的 51.77%。 2023 年度公司不送红股，不进行资本公积转增。 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分配金 ...

中国铁路通信信号股份有限公司 董事会审计与风险管理委员会工作细则 第一章 总 则 第一条 为完善中国铁路通信信号股份有限公司（以下 简称"公司"）董事会的决策程序，充分保护公司和股东的 合法权益，完善公司治理结构，根据《中华人民共和国公司 法》、中国证券监督管理委员会《上市公司治理准则》、《上 市公司独立董事管理办法》、《香港联合交易所有限公司 证券上市规则》（以下简称"《联交所上市规则》"）、《中 国铁路通信信号股份有限公司章程》（以下简称"《公司章 程》"）等有关规定，公司董事会特设立审计与风险管理委 员会，并制定本工作细则。 第二条 审计与风险管理委员会是董事会按照《公司章 程》设立的专门工作机构，主要负责提议公司外部审计机构 的选聘、更换；公司内部审计的监督；公司内外部审计的沟 通、监督和核查；财务信息及其披露的审阅；风险管理及内 部制度的审查；公司风险管理策略和解决方案的审查；重大 决策、重大事件、重要业务流程的风险控制、管理、监督和 评估等工作。 第四条 审计与风险管理委员会设主任一名，由独立非 执行董事中的会计专业人士担任，负责主持委员会工作。主 任由公司董事长提名，并经董事会任命。主任的主要职 ...

中国铁路通信信号股份有限公司 2023年度独立董事履职情况报告 各位股东及股东代表: 根据中国证监会《上市公司治理准则》《上市公司独立 董事管理办法》、上交所《科创板上市公司自律监管指南第 7号 -- 年度报告相关事项》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》)等规定和要求,本 人在2023年勤勉尽责地履行了独立董事的职责和义务,公正 客观地发表意见,维护了公司整体利益及全体股东的合法权 益。现向股东大会作书面报告。 一、独立董事的基本情况 本人自2022年2月起,担任本公司独立非执行董事。自 2021年11月起,担任中国信息通信科技集团有限公司董事。 自2023年3月起,担任洲际船务集团控股有限公司独立非执 行董事。自2018年8月至2021年9月,担任中国保利集团有限 公司党委常委、总会计师。自1996年9月至2018年9月,在中 国交通建设集团有限公司历任多个职位,包括自2005年12月 至2006年8月担任中国交通建设集团有限公司临时党委委 员、总会计师,自2006年8月至2006年11月担任中国交通建 设集团有限公司临时党委委员、董事,自2006年9月至2018 年8月担任中国 ...

中标共计六个重要项目，其中铁路市场五个，分别为新建上海至南京至 合肥高速铁路沪宁段四电及相关工程HSRD标段项目，中标金额13.49亿元；罗 布泊至若羌铁路SRD标段项目，中标金额2.37亿元；新建深圳至深汕合作区铁 路"三电"及管线迁改工程SSQG-3标项目，中标金额2.36亿元；阳涉铁路开 办客运服务工程EPC总承包项目，中标金额1.13亿元；新建包头至银川高铁包 头至惠农段内蒙段工程信号电缆项目，中标金额1.09亿元。城市轨道交通市 场一个,为合肥市轨道交通6、7、8号线一期工程弱电施工及设备供货集成2标 段项目，中标金额2.73亿元。 合同生效条件：双方法定代表人或其授权的代理人签署并加盖公章后正 式生效（以及满足双方约定的其他条件）。 合同履行期限：合同签订日至项目质保期结束（以及满足双方约定的其 他条件）。 证券代码：688009 证券简称：中国通号 公告编号：2024-006 中国铁路通信信号股份有限公司 关于自愿披露轨道交通市场重要项目中标的公告 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 ...

本次变更不影响中金公司对公司的持续督导工作。本次保荐代表人变更后， 中金公司负责公司持续督导工作的保荐代表人为邢茜女士和吴嘉青先生。 公司董事会对马青海先生在公司首次公开发行股票并在科创板上市及持续 督导期间所做的工作表示衷心感谢！ 特此公告。 中国铁路通信信号股份有限公司董事会 2023 年 12 月 2 日 证券代码：688009 证券简称：中国通号 公告编号：2023-037 中国铁路通信信号股份有限公司 关于变更保荐代表人的公告 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、准确性和完整性承担法律责任。 中国铁路通信信号股份有限公司（以下简称"公司""中国通号"）近日收 到中国国际金融股份有限公司（以下简称"中金公司"）出具的《关于更换中国 铁路通信信号股份有限公司持续督导保荐代表人的函》。中金公司原保荐代表人 马青海先生因工作变动，不再担任中国通号的持续督导保荐代表人，邢茜女士 将接替马青海先生继续履行对本次中国通号持续督导的相关职责和义务。邢茜 女士简历详见附件。 附件：邢茜简历 邢茜女士，现任中金公司投资银行部董事总经理，硕士研究生学历，拥 ...

Financial Performance - Operating revenue for Q3 2023 was approximately ¥7.99 billion, a decrease of 6.63% compared to the same period last year[3] - Net profit for Q3 2023 reached approximately ¥842.57 million, an increase of 11.50% year-over-year[3] - The net profit attributable to shareholders was approximately ¥742.24 million, reflecting an increase of 11.26% compared to the previous year[3] - The company reported a basic earnings per share of ¥0.07 for Q3 2023, a decrease of 4.00% compared to the previous year[3] - Total operating revenue for the first three quarters of 2023 was CNY 24,684,253,263.34, a decrease of 8.4% compared to CNY 26,944,773,894.90 in the same period of 2022[20] - Net profit for the third quarter of 2023 was CNY 2,951,159,986.62, slightly up from CNY 2,948,255,040.66 in the same quarter of 2022[21] - The company reported a gross profit margin of approximately 12.5% for the first three quarters of 2023, compared to 10.3% in the same period of 2022[20] - Net profit for the first three quarters of 2023 reached approximately ¥2.29 billion, up 7.4% from ¥2.13 billion in the same period of 2022[29] Research and Development - Research and development expenses totaled approximately ¥483.54 million, accounting for 6.05% of operating revenue, an increase of 0.68 percentage points year-over-year[4] - Research and development expenses for the first three quarters of 2023 were CNY 1,086,665,409.95, slightly up from CNY 1,080,916,105.83 in the same period of 2022[20] - Research and development expenses for the first three quarters of 2023 were approximately ¥54.27 million, a decrease of 46.3% compared to ¥101.07 million in the same period of 2022[29] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥117.29 billion, a slight increase of 0.41% from the end of the previous year[4] - The total assets as of the end of the third quarter of 2023 amounted to CNY 117,288,273,835.02, an increase from CNY 116,806,544,483.88 at the end of 2022[18] - The total liabilities decreased to CNY 68,971,613,402.59 from CNY 69,528,809,483.31 year-over-year[18] - Total liabilities decreased to CNY 11,791,305,301.53 from CNY 16,145,907,732.18 in the previous year[27] Cash Flow - The net cash flow from operating activities was approximately ¥70.13 million, with a significant decline in cash flow due to delayed fund recovery[6] - Cash flow from operating activities for the first three quarters of 2023 was CNY -800,975,967.86, a decline from CNY -184,912,689.20 in the same period of 2022[23] - Cash inflow from investment activities was CNY 136,825,051.18, significantly lower than CNY 1,801,566,941.08 in the previous year[23] - Cash and cash equivalents at the end of Q3 2023 were CNY 14,869,187,804.76, down from CNY 17,586,288,940.29 at the end of 2022[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,026[8] - The largest shareholder, China Railway Communication Signal Group Co., Ltd., holds 62.37% of the shares[8] - The largest shareholder, China Railway Signal & Communication Group, holds 6.604 billion A shares, representing approximately 62.69% of the total issued shares[11] - The company plans to continue increasing its A-share holdings, having already added 2 million shares as of October 18, 2023[11] Contracts and Revenue - In the first nine months of 2023, the total new contracts signed amounted to RMB 50.883 billion, representing a year-on-year increase of 12.01%[15] - New contracts in the railway sector reached RMB 14.469 billion, up 10.49% year-on-year[15] - New contracts in the urban rail transit sector totaled RMB 9.493 billion, reflecting a growth of 13.82% compared to the previous year[15] - Overseas business new contracts surged to RMB 2.002 billion, a significant increase of 1014.95% year-on-year[15] - The company reported a decrease in revenue from the railway sector by 1.67% year-on-year, totaling RMB 1.177 billion[16] Future Plans - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency in the upcoming quarters[21]

Financial Performance - Operating revenue for Q3 2023 was approximately RMB 7.99 billion, a decrease of 6.63% compared to the same period last year[4] - Net profit for Q3 2023 reached approximately RMB 842.57 million, an increase of 11.50% year-on-year[4] - Net profit attributable to shareholders was approximately RMB 742.24 million, up 11.26% from the previous year[4] - For the first three quarters of 2023, total operating revenue was RMB 2,462,674.08 million, a decrease of 8.60% compared to the same period last year[11] - Net profit for the first three quarters of 2023 was CNY 2,951,159,986.62, slightly up from CNY 2,948,255,040.66 in 2022, indicating a marginal increase of 0.1%[19] - Net profit for the first three quarters of 2023 reached CNY 2,289,292,081.94, representing an increase of 7.37% from CNY 2,131,966,050.65 in 2022[28] Research and Development - Research and development expenses totaled approximately RMB 483.54 million, representing 6.05% of operating revenue, an increase of 0.68 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2023 were CNY 1,086,665,409.95, slightly up from CNY 1,080,916,105.83 in 2022, showing a growth of 0.5%[18] - The company reported a decrease in research and development expenses to CNY 54,271,654.87 in 2023 from CNY 101,068,395.04 in 2022, a reduction of 46.36%[27] Assets and Liabilities - Total assets as of the end of Q3 2023 were approximately RMB 117.29 billion, a slight increase of 0.41% from the end of the previous year[4] - The company's total liabilities as of September 30, 2023, were CNY 68,971,613,402.59, a decrease from CNY 69,528,809,483.31 at the end of 2022[18] - Shareholders' equity totaled CNY 48,316,660,432.43 as of September 30, 2023, compared to CNY 47,277,735,000.57 at the end of 2022, representing an increase of 2.2%[16] - The total liabilities to equity ratio as of September 30, 2023, was approximately 1.43, indicating a slight improvement in financial leverage compared to the previous year[16] - The total liabilities and equity as of September 30, 2023, amounted to CNY 46,061,771,030.80, down from CNY 49,944,567,542.39 at the end of 2022[26] Cash Flow - Cash flow from operating activities showed a net outflow, with a total of approximately RMB 70.13 million for the quarter[4][6] - In the first three quarters of 2023, the cash inflow from operating activities was CNY 22.80 billion, a decrease of 13.3% compared to CNY 26.44 billion in the same period of 2022[22] - The net cash flow from operating activities was negative CNY 800.98 million, worsening from negative CNY 184.91 million year-over-year[22] - The total cash outflow from investment activities was CNY 640.63 million, slightly down from CNY 709.08 million in the previous year[23] - The net cash flow from investment activities was negative CNY 503.80 million, a significant decline from positive CNY 1.09 billion in the same period of 2022[23] Shareholder Information - The company reported a total of 71,026 ordinary shareholders at the end of the reporting period[7] - The largest shareholder, China Railway Signal Group Co., Ltd., holds approximately 62.37% of the shares[7] Contracts and Revenue Streams - New contracts signed in the first three quarters totaled RMB 50.883 billion, an increase of 12.01% year-on-year[11] - The railway sector saw new contracts amounting to RMB 14.469 billion, up 10.49% year-on-year[11] - The urban rail transit sector's new contracts reached RMB 9.493 billion, an increase of 13.82% year-on-year[11] - The overseas business segment experienced a significant increase in new contracts, totaling RMB 2.002 billion, up 1,014.95% year-on-year[11] - The company reported a significant increase in other business revenue, which rose by 61.93% year-on-year to RMB 83.82 million[11] Accounting Changes - The company announced the implementation of new accounting standards starting from 2023, which will involve adjustments to the financial statements at the beginning of the year[32]

Financial Performance - The company reported a revenue of RMB 5.2 billion for the first half of 2023, representing a year-on-year increase of 12%[16] - The net profit attributable to shareholders was RMB 1.1 billion, up 15% compared to the same period last year[16] - The company's operating revenue for the first half of the year was CNY 16,633,010,199.97, a decrease of 9.52% compared to the same period last year[20] - Net profit attributable to shareholders was CNY 1,823,846,746.52, reflecting a decline of 5.70% year-over-year[20] - The net cash flow from operating activities was negative CNY 871,102,628.48, an improvement from negative CNY 1,091,172,765.94 in the previous year[20] - The company's total assets increased by 1.64% to CNY 118,721,134,594.77 compared to the end of the previous year[20] - Basic earnings per share decreased by 5.56% to CNY 0.17, while diluted earnings per share remained the same[20] - The management provided a performance guidance of 10-15% revenue growth for the second half of 2023[16] Research and Development - The company has allocated RMB 300 million for research and development in advanced signaling technologies for the next fiscal year[16] - The R&D expenditure as a percentage of operating revenue increased to 4.31%, up by 0.20 percentage points from the previous year[20] - Research and development (R&D) expenses totaled RMB 716,990,603.46, a decrease of 5.07% compared to RMB 755,279,166.11 in the previous year[80] - The R&D investment capitalized ratio decreased by 4.60 percentage points to 9.53%[80] - The company filed 629 new patent applications in the first half of 2023, including 549 invention patents, and has received 333 new patent grants[75] - The company has achieved significant advancements in high-speed railway control systems, supporting speeds of up to 450 km/h and enhancing automatic driving capabilities[61] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in international sales by 2025[16] - The company is exploring potential mergers and acquisitions to strengthen its technology portfolio and market position[16] - The board emphasized the importance of risk management strategies in light of potential economic fluctuations impacting the railway sector[16] - The company continues to focus on the rail transit control system and related businesses, with no significant changes in business composition during the reporting period[25] Technology and Innovation - New product development includes the launch of an upgraded Automatic Train Operation (ATO) system, expected to enhance operational efficiency by 30%[16] - The company has developed a safety computer platform technology that meets the highest international functional safety certification standards, ensuring high reliability and performance for train control systems[36] - The company has developed a frequency-hopping key-controlled signal safety modulation and demodulation technology, widely applied in high-speed rail, intercity rail, and conventional rail, achieving critical safety functions such as real-time integrity checks of the rails[38] - The company has established a high-precision simulation analysis platform with an error margin of less than 0.5%, covering approximately 10,000 typical configurations of railway circuit transmission characteristics[41] - The company has implemented a comprehensive video surveillance technology for rail transit, addressing challenges such as high-definition video stream forwarding and intelligent maintenance, enhancing overall safety management[43] Industry Trends and Challenges - The global railway infrastructure construction is expected to remain at a high level, but competition is intensifying due to protectionist trends in Europe and the U.S.[26] - The domestic railway industry is expected to maintain a relatively high level of infrastructure construction, although the company is in the later stages of railway infrastructure projects[27] - The increasing proportion of urban rail transit construction is expected to become a new growth point for the industry, driven by the rising demand for medium and low-capacity rail systems[30] - The rail transit control systems industry is characterized by high technical barriers, requiring strong risk resistance and R&D capabilities for sustainable product and service delivery[30] Project Investments - The company is developing a new generation of dispatching centralized systems with a total investment of RMB 15,858.06 million, of which RMB 1,097.90 million was invested in the current period[85] - The project for high-density autonomous operation control technology has a total investment of RMB 18,180.98 million, with RMB 3,153.05 million invested in the current period[87] - The new type of train control system project has a total investment of RMB 16,294.01 million, with RMB 1,139.71 million invested in the current period[89] - The company has completed the development of a train autonomous control system (TACS) for commercial operation on Shenzhen Line 20, with a total investment of RMB 20,169.63 million[89] - The company has achieved a total investment of CNY 9,030.77 million in the intelligent operation and maintenance system, with CNY 457.44 million invested in the current period[96] Awards and Recognition - The company has received multiple national science and technology awards, including a first-class award for the complete technology and equipment for China's railway speed-up project in 2002[63] - The company has been recognized with several Chinese patent awards, including the Excellent Award for a dynamic tracking method for train positioning in urban rail transit systems in 2015[65] - The company has been recognized as a "National-level Specialized and Innovative 'Little Giant'" enterprise in 2022 and 2023, highlighting its leadership in the railway signal equipment sector[66]

Financial Performance - The company's operating revenue for the first half of 2023 was ¥16,633,010,199.97, a decrease of 9.52% compared to ¥18,383,362,437.75 in the same period last year[13]. - The net profit attributable to shareholders for the first half of 2023 was ¥1,823,846,746.52, down 5.70% from ¥1,934,084,073.92 in the previous year[13]. - The net profit after deducting non-recurring gains and losses was ¥1,714,426,935.25, a decrease of 8.87% compared to ¥1,881,314,263.17 in the same period last year[13]. - Basic earnings per share for the first half of 2023 were ¥0.17, down 5.56% from ¥0.18 in the same period last year[14]. - The company reported a net cash flow from operating activities of -¥871,102,628.48, an improvement from -¥1,091,172,765.94 in the same period last year[13]. - The company reported a net profit margin of approximately 13.0% for the first half of 2023, compared to 10.0% in the previous year[158]. - The total comprehensive income for the first half of 2023 was approximately ¥2.1 billion, compared to ¥2.17 billion in the previous year[160]. Assets and Liabilities - The company's total assets increased by 1.64% to ¥118,721,134,594.77 from ¥116,806,544,483.88 at the end of the previous year[13]. - The net assets attributable to shareholders decreased slightly by 0.13% to ¥45,264,557,562.17 from ¥45,323,917,197.95 at the end of the previous year[13]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥22,269,181,227.27, representing 18.76% of total assets, a slight increase of 0.24% compared to the previous year[77]. - Accounts receivable increased to ¥23,566,499,888.48, accounting for 19.85% of total assets, reflecting a growth of 3.95% year-over-year[77]. - Inventory rose to ¥2,970,305,224.68, which is 2.50% of total assets, marking a significant increase of 24.87% compared to the previous year, driven by enhanced raw material reserves[77]. - Total liabilities reached CNY 71.22 billion, up from CNY 69.53 billion, indicating a growth of 2.43%[154]. Research and Development - The R&D investment as a percentage of operating revenue increased to 4.31%, up 0.20 percentage points from 4.11% in the previous year[14]. - Total R&D investment amounted to approximately ¥716.99 million, a decrease of 5.07% compared to the previous year, with R&D expenses accounting for 4.31% of operating revenue, an increase of 0.20 percentage points[40]. - The company applied for 629 new patents, including 549 invention patents, and received 333 new patents, with 259 being invention patents[37]. - The company has a total of 19,112 full-time employees, with a focus on performance evaluation and employee training to enhance overall quality[87]. - The number of R&D personnel increased slightly to 4,274, accounting for 22.36% of the total workforce, compared to 21.65% in the previous year[54]. Market Position and Strategy - The company’s core business remains focused on rail transit control systems, with no significant changes in business composition during the reporting period[16]. - The company has a market share of approximately 40% in urban rail transit control systems, having won 4 out of 10 bids for subway signal control system projects in the first half of 2023, maintaining a leading position in the industry[55]. - The company aims to maintain its leading position in the urban rail signal system integration field, with a market share of 42%[62]. - The company is committed to expanding its market presence in overseas regions, particularly along the "Belt and Road" initiative[64]. - The company is focusing on new technology research and development to meet the evolving demands of the railway and urban rail sectors[65]. Environmental Responsibility - The company has invested CNY 248,000 in energy-saving modifications for air compressors, achieving a 35-40% reduction in energy consumption[107]. - The company has implemented effective pollution control measures, including the installation of gas purification systems and wastewater treatment facilities[97]. - The company has engaged over 37,390 participants in various environmental awareness activities, significantly enhancing environmental consciousness across its operations[108]. - The company has been awarded the "Green Factory" title by the national government for its commitment to sustainable practices[105]. - The company is committed to green development and has implemented measures to reduce pollutant emissions and protect the environment[100]. Corporate Governance and Compliance - The company has committed to a 36-month lock-up period for its A-shares following the IPO, with an extension of 6 months if the stock price falls below the issue price for 20 consecutive trading days[111]. - The company will notify of any new business opportunities that may compete with its main business, ensuring fair treatment for its subsidiaries[113]. - The company confirmed that it will not use funds raised from the global offering to finance activities related to sanctioned entities or countries[117]. - The company will take measures to protect shareholders' interests if it fails to fulfill its commitments, including public disclosure of reasons for non-fulfillment[115]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[117]. Technological Advancements - The company has developed a high-precision simulation technology based on spatial multi-physical field coupling, achieving an error rate of less than 0.5% in safety and reliability analysis for railway systems[23]. - The company has successfully applied autonomous train driving technology in high-speed rail, intercity rail, and urban rail transit, improving punctuality, parking accuracy, and operational energy consumption[22]. - The company has developed a broadband wireless communication technology based on LTE-M/R, enhancing data transmission and integration for railway operations[24]. - The company has launched a high-efficiency autonomous train control system, marking a significant advancement in metro signal system upgrades[36]. - The company has achieved significant advancements in the development of a 5G-based railway communication system, demonstrating its capabilities in Shanghai[35].

Financial Performance - The company reported unaudited interim results for the six months ended June 30, 2023[1]. - The company's operating revenue for the first half of 2023 was approximately ¥16.63 billion, a decrease of 9.52% compared to the same period last year[20]. - Net profit attributable to shareholders for the same period was approximately ¥1.82 billion, down 5.70% year-on-year[20]. - The net cash flow from operating activities was approximately -¥871 million, an improvement from -¥1.09 billion in the previous year[20]. - The total assets at the end of the reporting period were approximately ¥118.72 billion, an increase of 1.64% compared to the end of the previous year[20]. - The basic earnings per share for the first half of 2023 was ¥0.17, a decrease of 5.56% from ¥0.18 in the same period last year[20]. - Research and development expenses accounted for 4.31% of operating revenue, an increase of 0.20 percentage points compared to the previous year[20]. - Research and development (R&D) expenses totaled RMB 716,990,603.46, a decrease of 5.07% compared to RMB 755,279,166.11 in the previous year[80]. - Capitalized R&D expenses decreased significantly by 35.98% to RMB 68,317,319.70 from RMB 106,704,500.35 in the previous year[80]. Corporate Governance and Risk Management - The board guarantees the truthfulness, accuracy, and completeness of the semi-annual report, with no false records or major omissions[2]. - There are no significant risks related to non-operational fund occupation by controlling shareholders or related parties[3]. - The report includes a detailed description of existing risk factors in the management discussion and analysis section[2]. - The report does not indicate any special arrangements for corporate governance[3]. - The company emphasizes that forward-looking statements regarding future economic trends and macro policies may be subject to change[3]. - The company operates under the supervision of the State-owned Assets Supervision and Administration Commission[9]. Business Operations and Market Conditions - The company continues to focus on the rail transit control system and related businesses, with no significant changes in business composition during the reporting period[25]. - The global railway infrastructure construction remains at a high level, but competition in the international market is intensifying due to protectionism trends in Europe and the United States[26]. - The domestic railway industry is expected to maintain a relatively high level of infrastructure construction, although the company’s business is experiencing a delay effect from favorable policies[27]. - The company anticipates continued high investment levels in the domestic subway construction market during the "14th Five-Year Plan" period, despite tightened national policies[30]. Technological Advancements and Innovations - The company has developed core technologies for train operation control, which are widely applied in high-speed rail and urban rail transit, ensuring safe and efficient operations[29]. - The company holds 3,901 authorized patents in China as of June 30, 2023, including 1,902 invention patents, ensuring protection of its core technologies[31]. - The company has successfully applied its autonomous train driving technology across high-speed rail, intercity rail, and urban rail transit, improving punctuality, accuracy of stops, and operational energy consumption[33]. - The comprehensive automation technology for freight railways has been widely implemented, enhancing efficiency and safety in freight operations[33]. - The intelligent detection and maintenance technology for rail transit has significantly reduced equipment failure rates and improved maintenance efficiency through proactive monitoring and lifecycle management[36]. - The company has developed a safety computer platform technology that meets the highest international functional safety certification standards, ensuring high reliability and performance for its control systems[36]. - The company is focusing on digitalization and intelligence in rail transit operations, leveraging big data and cloud services for enhanced operational risk management[36]. - The company has developed a frequency-hopping key-controlled signal safety modulation and demodulation technology, widely applied in high-speed rail, intercity rail, and conventional rail, achieving critical safety functions such as real-time integrity checks of the rails[38]. - The company has established a high-precision simulation analysis platform with an error margin of less than 0.5%, covering approximately 10,000 typical configurations of railway circuit transmission characteristics[41]. - The comprehensive video monitoring technology for rail transit has been successfully implemented in high-speed and intercity rail, addressing challenges such as high-definition video stream forwarding and intelligent maintenance[43]. - The company has made advancements in broadband wireless communication technology based on LTE-M/R, enhancing the efficiency and experience of cluster scheduling and command systems[41]. - The company has developed a regional rail transit collaborative transportation and service technology, improving overall transportation capacity and emergency response efficiency in urban clusters[43]. - The lightweight rail transit intelligent transportation and control technology integrates cloud computing, enabling autonomous train operation control and smart travel services[47]. - The company has created a leading international high-speed switch conversion system technology, providing robust safety guarantees for railway development[38]. - The company has overcome significant technical challenges in switch conversion synchronization and integrated electrical interface technology, enhancing the reliability of rail systems[39]. - The company has implemented a comprehensive management system for rail transit safety, ensuring systematic quality assurance throughout the manufacturing process[41]. - The company has achieved significant advancements in simulation testing technology for rail transit, supporting various stages of system verification and integration[40]. - The autonomous train operation technology has achieved significant improvements in resource management and safety protection, enhancing operational efficiency and real-time processing capabilities[49]. - The full electronic computer interlocking control system has reached a safety integrity level of SIL4, reducing installation and debugging time by over 80%[51]. - The CTCS2+ATO automatic return technology can automatically return trains within 3 minutes and switch ends in 20 seconds, effectively reducing passenger waiting times[53]. - The video intelligent analysis technology utilizes deep learning to enhance performance in complex environments, providing customized solutions for various scenarios[53]. - The fully automated flexible train formation technology optimizes transport organization based on passenger flow characteristics, improving operational efficiency and reducing energy consumption[56]. - The heavy-haul train group operation control system enhances transportation efficiency and reduces labor intensity through advanced communication technologies[56]. - The CR450 control system technology supports safe operation at speeds of up to 450 km/h, strengthening China's position in high-speed rail technology[56]. - The company has developed a high-speed magnetic levitation control system technology capable of supporting train operations at speeds of 600 km/h and above, overcoming multiple technical challenges[58]. - The digital comprehensive management technology for freight yards enhances the automation and intelligence of key equipment, improving the efficiency of cargo handling operations[58]. - The company has introduced a safety-type railway intelligent signal display technology, featuring energy-saving and long-life smart LED signal machines, which serve as an upgrade to existing railway signal display equipment[58]. - The system RAM modeling and evaluation technology aids in estimating and evaluating system reliability and maintainability, helping to shorten the verification cycle of control system equipment[58]. Research and Development Initiatives - The company is actively deploying innovation chains around the industrial chain, focusing on the transformation and industrialization of core technologies, which cover various railway control systems and automation systems[21]. - The autonomous train operation technology has been developed to manage resources and ensure active interval protection, enhancing freight capacity through dynamic configuration of train tracking intervals[21]. - The introduction of a fully automated flexible train formation technology aims to improve operational service levels, reduce energy consumption, and enhance the ability to respond to passenger flow uncertainties[21]. - The new heavy-load train group operation control system technology is designed to improve transportation efficiency and reduce labor intensity, significantly enhancing the overall effectiveness of freight railway transport[21]. - The company has achieved significant advancements in high-speed magnetic levitation control systems, supporting train operations at speeds of 600 km/h and above, addressing multiple technical challenges[21]. - The digital comprehensive management technology for freight yards has been introduced to enhance automation and efficiency in cargo handling processes[21]. - The company has received multiple national science and technology awards, including the first-class award for the complete technology and equipment for China's railway speed-up project in 2002[63]. - The company has been recognized with several Chinese patent awards, including the Excellent Award for a dynamic tracking method for train positioning in urban rail transit systems in 2015[65]. - The core technologies of the company have not undergone significant changes during the reporting period, ensuring stability in its operational capabilities[21]. - The company continues to enhance its core business in the design, manufacturing, and delivery of railway traffic control systems, relying heavily on its core technologies[21]. - The company has been recognized as a "National-level Specialized and Innovative 'Little Giant'" enterprise in 2022 and 2023, highlighting its leadership in the railway signal equipment sector[66]. - During the reporting period, the company completed the construction of an electromagnetic environment effect research and testing platform, and developed a low vacuum tube ultra-high-speed magnetic levitation control system[67]. - The company has achieved significant milestones in international projects, including the successful completion of the Jakarta-Bandung High-Speed Railway, which serves as a flagship project for China's overseas railway operations[70]. - The company has conducted adaptability analysis for communication signal systems on the Sichuan-Tibet Railway, providing equipment selection recommendations and technical route selections[71]. - In the first half of 2023, the company applied for 629 new patents, including 549 invention patents, and received 333 authorized patents, with 259 being invention patents[75]. - The company has established two national railway industry technology innovation bases, focusing on electromagnetic safety and intelligent operation and maintenance applications[67]. - The company has successfully developed a new type of train control system based on Beidou satellite positioning, currently undergoing a one-year field trial[72]. - The company has launched a high-performance autonomous operation control system for urban railways, marking a significant advancement in the industry[73]. - The company has completed the development of various key technologies, including a digital wireless dispatch communication system and a video monitoring system, enhancing operational efficiency[72]. - The company has been awarded multiple national and industry-level science and technology awards for its innovative projects, reinforcing its position as a leader in railway technology[75]. - The company filed 759 new patent applications during the reporting period, with 428 patents granted, bringing the total to 9,556 applications and 6,148 granted patents[76]. - The company has established itself as a national railway industry technology innovation base, recognized by the National Railway Administration[83]. - The total investment for the high-speed railway control system research and equipment development is projected at 7,420.54 million, with 566.71 million invested in the current period and a cumulative investment of 5,705.63 million[91]. - The development of the new generation of railway signal basic equipment has achieved a cumulative investment of 2,390.00 million, with 61.68 million in the current period, and has completed the equipment development phase[93]. - The smart railway signal system has completed the high-frequency digital communication module development, with a total investment of 9,030.77 million, including 457.44 million in the current period[96]. - The vacuum tube (tunnel) system for high-speed maglev has completed system release with a total investment of 1,525.00 million, including 779.75 million in the current period[105]. - The company has achieved a significant milestone in the development of the integrated system and equipment research, with successful trials in the Czech Republic and Germany, indicating advanced domestic technology[104]. - The company has completed the development of the locomotive vehicle-mounted power supply equipment, with a total investment of 1,148.00 million, including 599.16 million in the current period[93]. - The company has made progress in the development of the intelligent operation control system, with a total investment of 11 million, including 457.44 million in the current period[96]. - The company has achieved safety certification for the vehicle-ground communication equipment, enhancing the reliability and maintainability of the signal system[91]. - The company is focusing on expanding its market presence in Europe, particularly with the ETCS vehicle-mounted products, which meet the highest technical standards[93]. - The company has initiated pilot projects in various regions, including state railways, to implement its integrated safety platform[100]. - The company completed the construction of the automation testing platform for ETCS-2/CTCS-3 level train control systems, supporting the Thai railway signal system renovation project[122]. - Total investment in the overseas railway control system experimental platform reached 4,055.15 million, with 51.15 million invested in the current period[109]. - The company achieved a cumulative investment of 1,417.78 million in the autonomous perception system development, focusing on obstacle detection using laser radar technology[124]. - The safety simulation testing platform for integrated security systems was completed, with a total investment of 3,550.00 million and 2,020.02 million invested in the current period[109]. - The company has made significant progress in the development of new train control systems, with a total investment of 428.30 million for the new regional train control system[122]. - The company has successfully completed the construction of laboratories in Serbia and Thailand for the development of interlocking equipment, with a total investment of 434.54 million[111]. - The company is advancing the development of a new generation of urban rail wireless intelligent dispatch communication systems, with a total investment of 516.00 million[146]. - The company has initiated the research and development of 5G communication technology for railway applications, with a total investment of 1,888.00 million[153]. - The company has completed the initial version of the software for the wireless intelligent dispatch communication system, with an investment of 421.75 million in the current period[126]. - The company has achieved SIL4 safety certification for its interlocking products, ensuring high electromagnetic compatibility and lightning protection performance[115]. - Total investment in the railway communication integrated monitoring technology reached 1,323.00 million, with 121.92 million invested this period, completing the development of vehicle-mounted and fixed stations[170]. - The company has completed the prototype assembly of the integrated video surveillance system, achieving industry-leading levels in video cloud application management for railway transportation[169]. - The high-speed railway control system research project has an investment of 1,367.00 million, with 58.21 million invested this period, focusing on safety control and equipment reliability for speeds over 400 km/h[174]. - The digital control system for freight stations has an investment of 1,407.00 million, with 99.09 million invested this period, aimed at improving operational efficiency and safety in freight railway operations[177]. - The company is developing a comprehensive control and dispatching system with an investment of 1,450.00 million, with 73.47 million invested this period, achieving domestic leading levels in regional rail transportation operations[175]. - The railway video cloud application management platform is under development, enhancing the integration of video surveillance and cloud technology for railway operations[169]. - The company has made significant progress in the research and application of the 5G-R system, addressing challenges in reliable communication and operational control in complex environments[172]. - The investment in the railway control system for the Sichuan-Tibet railway is 2,000.00 million, with 131.00 million invested this period, focusing on high-reliability communication systems under extreme conditions[172]. - The company aims to enhance the automation level of rail transportation through integrated control technology, targeting improvements in service efficiency and safety[175]. - The development of a three-dimensional real-time video management system for station dispatching is underway, aimed at improving operational oversight and response capabilities[169]. - The company has invested a total of 4,602.09 million in the new generation networked intelligent train control system, with a focus on high-performance return key technology and indoor testing completed[179]. - The ongoing development of the networked urban rail control system aims to enhance urban rail traffic scheduling, emergency response capabilities, and intelligent operation and maintenance, leveraging new communication and AI technologies[179]. - The company has allocated 601.58 million for the urban railway dispatching system, achieving significant progress in real-time precise control and emergency response planning models[181]. - A total investment of 5,809.36 million has been made in the integrated automation system for urban rail operations, with 94.48 million invested this period, focusing on multi-professional collaboration and real-time monitoring[184]. - The company is conducting research on multi-dimensional energy composite interval rail break detection technology, aiming to achieve international advanced levels in safety and efficiency[184]. - The company has completed the switch conversion for the Tanzania project, with a total investment of 5,608.94 million, enhancing the safety of rail and urban rail equipment[193].