企查查APP显示，近日，卡斯柯智控（成都）有限公司成立，法定代表人为潘圣浩，注册资本为5000万元，经营范围包含：智能控制系统集成；人工智能行 业应用系统集成服务；轨道交通通信信号系统开发；集中式快速充电站等。企查查股权穿透显示，该公司由中国通号（688009）旗下卡斯柯信号有限公司、 成都融链轨道交通产业股权投资基金合伙企业（有限合伙）等共同持股。 | 上一篇： 缔造有远外的商业传奇 | 卡斯柯智控(成都)有限公司 × 音一下 - FAR - 全国企业信用查询系统 | | | | 个小中心 0 | | --- | --- | --- | --- | --- | --- | | 基本信息 11 | 法律诉讼 | 经营风险 | 经营信息 企业发展 | | 知识产权 | | 统一社会信用代码 | 91510107MAK7BJF74E | 企业名称 | 卡斯柯智控（成都）有限公司 | | | | 法定代表人 | 潘圣浩 怒关联企业 2 | 登记状态 | 存续(在营、开业、在册) | 成立日期 | 2026-02-10 | | | | 注册资本 | 5000万元 | 实缴资本 | | | 组织机构代码 | MAK7B ...

Group 1 - The core viewpoint of the article highlights that China Communication Technology Co., Ltd. (China Tonghao) has recently won multiple bids for rail transit projects, while its financial performance shows slight revenue growth but a decline in net profit [1] Group 2 - Recent project developments indicate that from November to December 2025, the company won 21 significant projects in the railway and urban rail transit markets, with a total value of approximately 5.26 billion yuan, accounting for about 16.20% of the audited revenue for 2024 [1] - As of September 30, 2025, the company's revenue for the first three quarters of 2025 was 21.748 billion yuan, representing a year-on-year increase of 4.48%, while the net profit attributable to shareholders was 2.284 billion yuan, a year-on-year decrease of 3.16% [1] - The rail transit industry is expected to benefit from long-term policies such as "Transportation Power" and green transportation development, which may support the company's order acquisition [1]

Company Project Progress - The company recently won 21 significant rail transit projects, with a total value of approximately 5.26 billion yuan, accounting for about 16.20% of the audited revenue for 2024 [2] - The projects include both railway market and urban rail transit sectors, such as the Guangzhou East Station renovation and the Chengdu to Meishan line, which may impact the company's future performance [2] Fund Movement - Recent data shows a net outflow of main funds amounting to 12.43 million yuan, with a net financing buy of -5.9966 million yuan, and a financing balance of 438 million yuan, which is at a relatively high level over the past year [3] - This indicates a cautious short-term funding sentiment, which may increase stock price volatility [3] Industry Policy Status - The rail transit industry continues to benefit from policy support such as the "Transportation Power" initiative, with expectations of increased infrastructure investment, potentially providing long-term support for the company's orders [4] - The company is controlled by the State-owned Assets Supervision and Administration Commission, and its valuation is considered to be within a reasonable range, although market rotation and unlocking pressure should be monitored [4]

Group 1 - Tencent Holdings (00700) had a net inflow of 4.316 billion, representing a 22.17% increase in net inflow ratio [2][3] - Alibaba-W (09988) experienced a net inflow of 1.658 billion, with a net inflow ratio of 13.70% [2][3] - Pop Mart (09992) saw a net inflow of 588 million, with a net inflow ratio of 17.52% [2][3] Group 2 - Kangfang Biotech (09926) faced a net outflow of -285 million, with a net outflow ratio of -33.89% [2][3] - Yingfu Fund (02800) had a net outflow of -248 million, with a net outflow ratio of -1.88% [2][3] - Yum China (09987) recorded a net outflow of -213 million, with a net outflow ratio of -30.90% [2][3] Group 3 - Huaxia Hang Seng Technology (03088) led in net inflow ratio at 89.30% with a net inflow of 54.532 million [2][3] - Southern East Selection (03441) followed with a net inflow ratio of 68.86% and a net inflow of 14.5209 million [2][3] - China Foods (00506) had a net inflow ratio of 59.26% with a net inflow of 4.9995 million [2][3] Group 4 - Jinyuan International (02232) had the highest net outflow ratio at -50.27% with a net outflow of -40.079 million [3] - iFlytek Medical Technology (02506) recorded a net outflow ratio of -49.63% with a net outflow of -15.2262 million [3] - Sinopec Crown (00934) had a net outflow ratio of -45.08% with a net outflow of -5.1472 million [3]

Core Viewpoint - The rapid development of China's high-speed rail (HSR) network has significantly enhanced its capacity to handle passenger flow, especially during peak travel periods like the Spring Festival, with a total operational mileage exceeding 50,000 kilometers, marking a 32% increase since the end of 2020 [2][3]. Group 1: High-Speed Rail Network Expansion - As of December 2025, the operational mileage of China's high-speed rail surpassed 50,000 kilometers, with the completion of 12,000 kilometers of new high-speed rail during the 14th Five-Year Plan [2]. - The "Eight Vertical and Eight Horizontal" high-speed rail network has improved connectivity, covering 97% of cities with populations over 500,000, and surpassing the total operational mileage of all other countries combined [2][3]. - High-speed rail has become the primary mode of transportation for medium to long-distance travel, handling 80% of passenger volume and 69% of passenger turnover in China [3]. Group 2: Technological Advancements - The development of a fully autonomous and efficient industrial chain has been crucial for the rapid growth of high-speed rail, particularly the domestically developed CTCS-3 level train control system, which has achieved 100% localization [4][5][6]. - The CR400 train model, introduced in 2017, marked the beginning of China's independent standard era, with the upcoming CR450 model set to establish a top-level index system for trains operating at 400 km/h [7]. - China's high-speed rail technology has reached international advanced levels in operational mileage, technical standards, and safety guarantees, supported by a complete industrial chain and strong manufacturing capabilities [7][8]. Group 3: Investment and Private Sector Involvement - The Chinese government encourages private capital participation in railway construction and operation, with the first privately funded high-speed rail, the Hangzhou-Taipei line, opening in January 2022 [8]. - The second privately funded high-speed rail, the Hangzhou-Wenzhou line, is set to open in September 2024, contributing to regional economic development [8]. Group 4: International Expansion - China's high-speed rail is transitioning from equipment export to the overall output of technology systems, engineering experience, and standard solutions, enhancing its international presence [9][10]. - The Jakarta-Bandung high-speed rail project in Indonesia, a flagship of the Belt and Road Initiative, has significantly reduced travel time and stimulated economic growth in the region [10]. - The China Railway Group is actively promoting the standardization of railway technology, with 1,219 enterprise technical standards established, enhancing China's influence in international railway development [9].

中国铁路通信信号股份有限公司 2026 年第一次临时股东会会议资料 证券代码:688009.SH 证券简称:中国通号 03969.HK 中国铁路通信信号股份有限公司 2026 年第一次临时股东会会议资料 2026 年 2 月 中国铁路通信信号股份有限公司 2026 年第一次临时股东会会议资料 目录 | 2026 | 年第一次临时股东会会议须知 | 3 | | --- | --- | --- | | 2026 | 年第一次临时股东会会议议程 | 5 | | 2026 | 年第一次临时股东会会议议案 | 7 | | | 议案一 关于新增募投项目的议案 | 7 | 中国铁路通信信号股份有限公司 2026 年第一次临时股东会会议资料 中国铁路通信信号股份有限公司 2026 年第一次临时股东会会议须知 为了维护全体股东的合法权益，保证股东在中国铁路通信信号股份 有限公司（以下简称"公司"）依法行使股东权利，确保股东会的正常秩 序和议事效率，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司股东会规则》以及《中国铁路通信信号股份有限公司章程》 《中国铁路通信信号股份有限公司股东会议事规则》等有关规定，特制 ...

Core Viewpoint - The company plans to initiate a new fundraising project for the "Rail Transit Signal System Pilot Base Project" with a total investment of 85.9676 million yuan, which will be funded entirely by the company's own subsidiary [1] Group 1: Project Details - The project will be constructed by the wholly-owned subsidiary, Tonghao (Changsha) Rail Transit Control Technology Co., Ltd., located in Changsha, Hunan [1] - The total investment for the project is 85.9676 million yuan, which accounts for 0.83% of the net proceeds from the company's initial public offering of A-shares [1] - The construction period for the project is set for 7 months, with an expected completion and production date in April 2027 [1] Group 2: Strategic Alignment - The project aligns with national policies and is expected to enhance the company's research and development efficiency upon completion [1] - The board of directors approved the proposal on January 23, 2026, and it is pending approval from the shareholders' meeting [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 第 1 頁 共 10 頁 v 1.2.0 致：香港交易及結算所有限公司 公司名稱: 中國鐵路通信信號股份有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03969 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,968,801,000 | RMB | | 1 | RMB | | 1,968,801,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 1,968,801,000 | RMB | | 1 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鐵路通信信號股份有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03969 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,968,801,000 | RMB | | 1 | RMB | | 1,968,801,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 1,968,801,000 | RMB | | 1 | RMB | | 1,968,801,0 ...

Core Viewpoint - China Railway Signal & Communication Corporation (China Tonghao) experienced a decline of 1.09% in stock price on February 2, with a trading volume of 254 million yuan, indicating a potential shift in investor sentiment and market dynamics [1] Financing Summary - On February 2, China Tonghao had a financing buy-in amount of 15.45 million yuan and a financing repayment of 21.45 million yuan, resulting in a net financing outflow of 5.9966 million yuan [1] - The total financing and securities lending balance for China Tonghao reached 438 million yuan, with the financing balance accounting for 0.93% of the circulating market value, which is above the 70th percentile of the past year [1] - The securities lending aspect showed a repayment of 2,301 shares with no shares sold, and a securities lending balance of 691,900 yuan, also above the 50th percentile of the past year [1] Company Overview - China Tonghao, established on December 29, 2010, and listed on July 22, 2019, is primarily engaged in the design and integration, equipment manufacturing, and system delivery for railway communication and signaling [2] - The main business revenue composition includes 89.91% from railway control systems, with design and integration contributing 39.86%, system delivery services 28.37%, equipment manufacturing 21.68%, and general contracting 9.25% [2] - As of September 30, the number of shareholders was 64,600, a decrease of 0.68%, while the average circulating shares per person increased by 0.71% [2] Financial Performance - For the period from January to September 2025, China Tonghao reported a revenue of 21.748 billion yuan, reflecting a year-on-year growth of 4.48%, while the net profit attributable to shareholders decreased by 3.16% to 2.284 billion yuan [2] Dividend Information - Since its A-share listing, China Tonghao has distributed a total of 11.437 billion yuan in dividends, with 5.401 billion yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the third-largest shareholder with 100 million shares, a decrease of 8.7029 million shares from the previous period [3] - Other notable shareholders include E Fund's SSE STAR 50 ETF and Huaxia's SSE STAR 50 ETF, both of which have seen reductions in their holdings [3]