Financial Performance - The company's operating revenue for 2023 was CNY 32,473,033,766.06, a decrease of 12.24% compared to CNY 37,002,229,438.89 in 2022[31]. - Net profit attributable to shareholders for 2023 was CNY 3,494,725,837.36, showing a slight increase of 0.50% from CNY 3,477,326,647.54 in 2022[31]. - The net cash flow from operating activities significantly increased by 154.42% to CNY 5,236,128,730.31 from CNY 2,058,033,862.99 in the previous year[31]. - The company's total assets at the end of 2023 were CNY 117,890,875,515.13, a decrease of 0.92% compared to CNY 118,990,487,731.74 at the end of 2022[31]. - The weighted average return on equity for 2023 was 7.34%, down from 8.17% in 2022, reflecting a decrease of 0.2 percentage points[34]. - Research and development expenses accounted for 6.28% of operating revenue in 2023, an increase of 0.77 percentage points from 5.51% in 2022[34]. - The net profit attributable to shareholders for the first quarter of 2024 was CNY 604,490,948.26, with a total operating revenue of CNY 6,509,426,910.25[37]. - The total non-recurring gains and losses for 2024 amounted to CNY 226,349,908.75, compared to CNY 211,122,067.80 in 2023[39]. Strategic Initiatives - The company emphasizes the importance of strengthening political construction and enhancing core competitiveness in 2024, which is a key year for achieving the "14th Five-Year Plan" goals[16]. - The company is focused on enhancing its core functions and competitiveness through strategic adjustments and collaborative efforts[16]. - The company aims to achieve the goals of "one profit, five rates" and "one increase, one stability, four improvements" by 2025[21]. - The company is focused on deepening business structure adjustments to better fulfill its strategic mission and responsibilities[21]. - The company has adjusted its overall development strategy, emphasizing "intelligent control" as a core technology and expanding into the low-altitude economy[56]. Research and Development - The company has developed the ID-Space 1.0 intelligent airspace management system, which has been selected as a key project by the State-owned Assets Supervision and Administration Commission[17]. - The company has made significant progress in original technology development, including the cloud-based two-pole train control system and I-CTC technology[19]. - The company has established a key laboratory for intelligent airspace management in Beijing, further solidifying its leadership in control technology[19]. - The company has successfully promoted new products such as the 400T vehicle-mounted system and all-electronic interlocking systems, accelerating the transformation of technological achievements[49]. - The company is actively advancing research on high-speed train control systems aimed at achieving speeds of 400 km/h and above, with a focus on safety control and equipment reliability[78]. - The company has developed a comprehensive dispatching and management system for railway freight, which has been successfully implemented on-site[76]. - The company has developed a comprehensive digital management technology for cargo yards, enhancing automation and efficiency in cargo handling operations[98]. - The company has developed a multi-modal global perception disaster monitoring technology for rail transportation, utilizing deep learning algorithms for effective information alignment and fusion analysis, enhancing product performance and cost optimization across various business directions[105]. Market Position and Growth - The company maintains the leading position in the global railway control system market, with the highest total bid mileage for high-speed railway control systems as of the end of 2024[70]. - The company occupies approximately 40% of the domestic urban rail transit control system market share, covering over 80% of operational and under-construction lines[194]. - The overseas business is expected to maintain a good growth trend by continuously optimizing operational layout and enhancing competitiveness[53]. - The company is actively entering the low-altitude economy sector, developing an intelligent airspace control system that addresses key issues such as aircraft spacing and conflict detection[71]. - The company is focusing on technological innovation and digital empowerment to enhance its brand image and operational efficiency[71]. Safety and Compliance - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[10]. - The company has not violated decision-making procedures for external guarantees[10]. - The company has not faced any issues with the majority of directors being unable to ensure the authenticity and completeness of the annual report[10]. - The safety computer platform technology has achieved the highest level of functional safety certification according to international standards, ensuring high reliability and performance for train operation control systems[84]. - The company has achieved SIL4 safety certification for multiple products, including the relay-type inter-station measuring equipment and the cable transmission equipment for track circuits[134]. Technological Innovations - The company has developed autonomous train operation technology that optimizes platform usage, simplifies systems, and refines resource management, significantly improving train operation efficiency and resource utilization[90]. - The company has developed a battery balancing management system to improve the lifespan of batteries used in railway communication equipment[186]. - The company has developed signal system equipment for the Hungarian section of the Hungary-Serbia railway, with an investment of RMB 4,542.30 million, and has established a laboratory environment for testing[188]. - The company has developed a visual AI-enabled analysis platform for urban management, enhancing its operational efficiency[185]. - The company has developed a comprehensive integrated control and dispatching service technology for rail transportation, aiming for autonomous operation control and intelligent dispatching[112]. Investment and Financial Commitments - The total investment scale for the "Heavy Load Freight Train Self-Organizing Network High Density" project is estimated at 18,180.98 million, with 7,299.34 million invested this period and a cumulative investment of 15,130.39 million[144]. - The "New Train Control System Development" project has a total investment scale of 16,294.01 million, with 1,466.37 million invested this period and a cumulative investment of 14,875.10 million, achieving stable operation of the new control system in practical applications[146]. - The company has invested a total of 2.7 billion in the multi-standard interoperable train control system research, with 855.38 million invested in the current period[174]. - The company has invested a total of RMB 225,375.23 million, with RMB 71,992.41 million invested in the current period, and a cumulative investment of RMB 172,363.48 million[188]. Awards and Recognition - The company has been recognized as a "National Specialized and Innovative 'Little Giant'" enterprise in 2022, highlighting its leadership in the railway signal equipment sector[123]. - The company has received multiple awards for its patents, including the 2023 Silver Award for online detection methods and devices for railway circuit cable faults[121]. - The company has been recognized as a "Manufacturing Industry Single Champion Enterprise" for its railway signal relay products in 2022[123].

Financial Performance - The company's operating revenue for 2023 was CNY 32,473,033,766.06, representing a decrease of 12.24% compared to CNY 40,203,207,773.29 in 2022[36]. - Net profit attributable to shareholders for 2023 was CNY 3,494,725,837.36, a slight increase of 0.50% from CNY 3,633,640,258.62 in 2022[36]. - The net cash flow from operating activities increased significantly by 154.42% to CNY 5,236,128,730.31 compared to CNY 2,082,161,660.88 in 2022[36]. - The total assets at the end of 2023 were CNY 117,890,875,515.13, a decrease of 0.92% from CNY 116,806,544,483.88 in 2022[36]. - The net assets attributable to shareholders increased by 2.59% to CNY 48,025,007,375.97 from CNY 45,323,917,197.95 in 2022[36]. - The basic earnings per share for 2023 was CNY 0.32, unchanged from the previous year[39]. - The R&D investment as a percentage of operating revenue increased to 6.28%, up by 0.77 percentage points from 4.66% in 2022[39]. - The weighted average return on net assets decreased to 7.34%, down by 0.2 percentage points from 8.17% in 2022[39]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.7 per 10 shares, totaling RMB 1,800,269,230 based on a total share capital of 10,589,819,000 shares as of December 31, 2024[10]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[9]. - The company emphasizes the accuracy and completeness of the annual report, with management taking legal responsibility for its content[7]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[15]. - The company has not violated any regulatory decision-making procedures for external guarantees[15]. Risk Management - The report includes a section on risk management and analysis, highlighting potential risks in the fourth section[8]. - The report indicates that there may be discrepancies in data due to rounding[20]. Strategic Developments - The company’s future plans and strategic developments are subject to investment risks and do not constitute a commitment to investors[14]. - In 2024, the company focused on dual tracks of rail transit and low-altitude economy, establishing a low-altitude economic industry structure with three industries and one ecosystem[22]. - The company aims to deepen business structure adjustments in 2025, focusing on high-quality development and strategic mission responsibilities[26]. - The company is focusing on the dual tracks of "rail transit and low-altitude economy," enhancing its integrated service capabilities in rail transit control systems and expanding into low-altitude economic sectors[61]. Technological Innovations - The company has made significant progress in original technology breakthroughs, including the cloud-based two-pole train control system and I-CTC technology[24]. - The company developed the ID-Space 1.0 low-altitude airspace intelligent control system, which was selected as a key project by the State-owned Assets Supervision and Administration Commission[22]. - The company has achieved breakthroughs in commercial contracts for low-altitude intelligent control systems and drone inspections, indicating strong market demand[57]. - The company is committed to improving its technological innovation capabilities and enhancing its operational efficiency to create more profitable revenue streams[59]. - The company has developed a high-density automatic operation control system for heavy freight trains, aimed at improving transportation efficiency and reducing energy consumption[81]. - The company has developed a new type of train control system based on Beidou satellite positioning, enhancing operational capabilities in various environments[134]. Market Performance - The total amount of new contracts signed in 2024 was RMB 50.069 billion, a year-on-year decrease of 31.53%[53]. - The company's cash flow from operating activities, excluding net increases in customer deposits and interbank deposits, was RMB 2.373 billion, representing a 23.59% increase compared to the previous year[49]. - The company secured over 10 key high-speed rail weak current system integration projects, maintaining its leading position in the railway market[54]. - The company’s overseas market performance improved, with significant projects in Brazil and Guinea contributing to continuous growth[55]. Research and Development - Research and development (R&D) expenses totaled approximately RMB 2.04 billion, representing 6.28% of operating revenue, an increase of 0.77 percentage points from the previous year[145]. - The number of R&D personnel has increased to 5,064, representing 26.65% of the total workforce, up from 22.67% in the previous period[195]. - The total compensation for R&D personnel reached RMB 142,976.91 million, with an average salary of RMB 28.23 million, compared to RMB 25.30 million previously[195]. - The company holds over 5,200 registered patents, achieving 100% autonomy in core train operation control technologies and products[200]. Safety and Compliance - The company has enhanced its safety support capabilities, ensuring high standards for emergency support during major national holidays and events[25]. - The company has achieved SIL4 assessment for its interlocking equipment in Thailand, supporting the modernization of the Thai railway signal system[132]. - The company has received multiple National Science and Technology Progress Awards, including a first-class award for the complete technology and equipment for China's railway speed-up project in 2002[125]. Investment and Future Outlook - The company’s fixed asset investment in the domestic railway industry is expected to reach a historical high of RMB 850.6 billion in 2024, maintaining a high investment level during the 14th Five-Year Plan period[71]. - The global railway infrastructure investment is projected to grow from USD 382 billion in 2020 to USD 565 billion by 2040, with a compound annual growth rate of 1.88%[70]. - The company is focusing on developing the low-altitude economy, aiming to create a market scale of over one trillion by 2030, in line with national strategic requirements[74].

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% for the first half of 2024[8]. - The company's operating revenue for the first half of the year was CNY 14,250,309,285.72, a decrease of 14.33% compared to the same period last year[12]. - Net profit attributable to shareholders was CNY 1,599,063,876.43, down 12.32% year-on-year[12]. - Basic earnings per share decreased to CNY 0.15, reflecting an 11.76% decline compared to the previous year[13]. - The weighted average return on net assets decreased by 0.61 percentage points to 3.42%[13]. - The total revenue from engineering contracting business decreased by 64.96% year-on-year due to the company's strategic exit from municipal housing construction business[111]. - Operating costs decreased by 19.35% to CNY 10.07 billion, primarily due to a decline in system delivery services and engineering contracting revenue[106]. - R&D expenses increased by 15.68% to CNY 750 million, reflecting the company's focus on enhancing technological innovation[107]. - The gross margin for the rail transit control system segment increased by 2.97 percentage points to 31.08% despite a 2.52% decrease in revenue[109]. - Revenue from the equipment manufacturing segment rose by 17.57% to CNY 2.91 billion, with a gross margin of 35.60%[109]. - Revenue from overseas business increased by 3.24% to CNY 605 million, with a gross margin of 33.60%[110]. Research and Development - Research and development expenses accounted for 5.54% of operating revenue, an increase of 1.23 percentage points year-on-year[13]. - The total R&D investment reached approximately RMB 788.93 million, an increase of 10.03% compared to the previous year, with the ratio of R&D investment to operating income rising to 5.54%, up by 1.23 percentage points[53]. - The company has achieved a significant increase in the number of patents, with a total of 11,503 applications and 7,009 granted patents to date[52]. - The company filed 659 new patent applications, including 621 invention patents, and obtained 381 new patents, with 315 being invention patents[51]. - The company has undertaken 16 national-level projects and 20 industry-level projects, contributing to the development of over 20 national and industry standards[51]. - The company has developed advanced technologies for various rail transit fields, including autonomous train operation and intelligent detection and maintenance[81]. - The company is focusing on integrating artificial intelligence technologies into train control systems to improve efficiency and safety[64]. Market Expansion and Strategy - Future outlook includes plans for market expansion, particularly in urban rail transit systems, to capture a larger market share[8]. - The company plans to optimize its development strategy focusing on "intelligent control" technology and expand into the low-altitude economy sector[17]. - The market for urban rail transit is expected to grow, particularly in Southeast Asia, the Middle East, and Central and South America, indicating significant expansion opportunities[19]. - The company is actively expanding its market presence in Europe, with a focus on cross-border interoperability of its ETCS products[57]. - The company is focusing on its core business and accelerating the exit from municipal construction projects to enhance competitiveness[93]. - The company plans to exit municipal construction business within three years while focusing on optimizing business structure and expanding into new fields such as low-altitude economy and new infrastructure[94]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance company value[131]. - The audit and risk management committee currently has only two independent non-executive directors, which does not comply with the listing rules[132]. - The company has not faced any regulatory penalties or compliance issues during the reporting period[159]. - The company has not disclosed any significant changes in shareholder structure or related party transactions during the reporting period[191]. Environmental and Social Responsibility - The company invested RMB 7.2782 million in environmental protection during the reporting period[136]. - The company has established effective pollution control measures and upgraded its wastewater treatment capacity significantly[138]. - The company has implemented a 24-hour monitoring system for pollutant emissions to enhance environmental oversight[138]. - The company actively promotes green development and resource conservation in line with national environmental protection laws[140]. - The company’s photovoltaic projects collectively are expected to reduce CO2 emissions by 708,000 tons annually, with a total installed capacity of 590 MW across multiple projects[142]. - China Tonghao invested RMB 5 million in poverty alleviation efforts in Sheqi County, with additional funding of RMB 5.29 million for paid assistance and RMB 300 million in total assistance[145]. Technological Innovations - The company is focusing on the development of new technologies, including the Automatic Train Operation (ATO) system, which aims to improve train safety and efficiency[6]. - The company has developed a high-precision simulation technology based on spatial multi-physical field coupling, achieving an error rate within 0.5% for railway circuit transmission characteristics analysis, covering approximately 10,000 typical configurations in China[25]. - The company has developed a comprehensive AI algorithm warehouse technology that enhances the lifecycle management of algorithms and improves the intelligent analysis capabilities of related products[34]. - The company has developed a mobile APP platform for data collection, utilizing AI for proactive perception and alarm systems[79]. Financial Position and Investments - Cash and cash equivalents at the end of the period amounted to RMB 23.76 billion, accounting for 20.04% of total assets, an increase of 5.25% from the previous year[113]. - The company's long-term equity investments increased by RMB 0.89 billion, a growth of 5.81%, totaling RMB 16.21 billion at the end of the reporting period[118]. - The total amount of guarantees provided by the company, including those to subsidiaries, is RMB 1,985,415,131.24, which accounts for 4.26% of the company's net assets[170]. - The company has a total order backlog of RMB 122.387 billion as of the end of the first half of 2024[93]. Operational Efficiency - The company has established a comprehensive performance evaluation system linking annual business goals to departmental and individual performance assessments[124]. - The company has implemented strict quality control measures in accordance with ISO9001:2015 standards, ensuring high reliability and safety of its rail transit control systems[91]. - The company has completed the design and development of a new type of external lock closure product, meeting international and domestic technical standards[68]. Shareholder Information - The largest shareholder, China Railway Signal Group Co., Ltd., holds 6,614,216,000 shares, representing 62.46% of the total shares[190]. - The company has a total of 18,947 full-time employees, with 18,831 in subsidiaries[124]. - The total number of ordinary shareholders as of the end of the reporting period was 66,995, with an additional 216 H-share registered shareholders[188].

Financial Performance - The company reported its interim results for the six months ending June 30, 2024, with unaudited financial statements[1]. - Operating revenue for the first half of the year was CNY 14,250,309,285.72, a decrease of 14.33% compared to the same period last year[12]. - Net profit attributable to shareholders was CNY 1,599,063,876.43, down 12.32% year-on-year[12]. - Basic earnings per share decreased to CNY 0.15, a decline of 11.76% compared to CNY 0.17 in the previous year[13]. - The gross margin for the rail transit control system segment increased by 2.97 percentage points to 31.08% despite a 2.52% decrease in revenue[111]. - The engineering contracting segment saw a dramatic revenue decline of 64.96%, with a gross margin decrease of 3.72 percentage points[111]. - In the first half of 2024, the total new contracts signed by the company amounted to RMB 21.023 billion, a year-on-year decrease of 33.62%[94]. - The railway sector contributed RMB 9.89 billion in new contracts, reflecting a year-on-year growth of 1.16%, while the urban rail sector saw a significant decline of 49.02% to RMB 2.983 billion[94]. - The overseas market experienced a substantial increase, with new contracts reaching RMB 3.549 billion, a year-on-year growth of 156.45%[94]. - Cash and cash equivalents at the end of the period amounted to CNY 23,759,388,945.42, representing 20.04% of total assets[115]. Research and Development - R&D investment accounted for 5.54% of operating revenue, an increase of 1.23 percentage points year-on-year[13]. - The total R&D investment reached RMB 788,929,891.76, an increase of 10.03% compared to the previous year, with R&D expenses accounting for 5.54% of operating revenue, up by 1.23 percentage points[53]. - The company has 4,838 registered patents in China, including 2,647 invention patents, protecting its core technologies[20]. - The company applied for 659 new patents in the first half of 2024, including 621 invention patents, and obtained 381 new patents, with 315 being invention patents[51]. - The company has developed a comprehensive AI algorithm warehouse technology that enhances the lifecycle management of algorithms and improves the intelligent analysis capabilities of related products[33]. Corporate Governance - The board of directors guarantees the truthfulness, accuracy, and completeness of the interim report, with no false records or significant omissions[3]. - The company has adhered to all applicable corporate governance codes, with a commitment to maintaining high levels of corporate governance to protect shareholder interests[131]. - The company appointed Mr. Lou Qiliang as the new President on September 15, 2023, and he will also serve as the Chairman of the Board starting February 21, 2024, resulting in a deviation from the corporate governance code[132]. - The Audit and Risk Management Committee currently has only two independent non-executive directors, which does not comply with the listing rules requiring at least three members[133]. - The company has established a comprehensive performance evaluation system linking annual operational goals to departmental and individual performance assessments[124]. Environmental Responsibility - The company invested RMB 7.2782 million in environmental protection during the reporting period[137]. - The company reported emissions of 0.02 tons of sulfur dioxide and 0.44 tons of nitrogen oxides for air pollutants, with wastewater COD emissions of 4.23 tons and ammonia nitrogen emissions of 0.23 tons in the first half of 2024[137]. - The company processed 68.42 tons of hazardous waste, maintaining a reasonable level of waste management[137]. - The company has implemented effective pollution control measures, including the installation of various purification systems for VOCs and wastewater treatment facilities[138]. - The company has achieved a total of 66.16 million kWh of electricity generation from its rooftop solar project, saving approximately RMB 130,000 and reducing CO2 emissions by about 324 tons by the end of June 2024[145]. Market Strategy - The company aims to exit the municipal housing construction business within three years, focusing on core business areas and optimizing its business structure[97]. - The company plans to enhance its market share in the railway sector by leveraging stable growth in fixed asset investments and increasing operational resources[98]. - Despite pressures in the urban rail market, the company will intensify efforts across the entire industry chain, including design, integration, and operation maintenance[98]. - The company is committed to improving its overseas business capabilities and aims for continuous annual growth, benchmarking against world-class enterprises[98]. - The company is focusing on technological innovation and new product development to maintain its competitive edge in the market[100]. Technological Advancements - The company has developed a new type of train control system based on Beidou satellite positioning, which has passed on-site testing and is now in trial operation[48]. - The company has developed a comprehensive video cloud application management platform, meeting various business monitoring and maintenance needs[59]. - The company has achieved a significant milestone by obtaining the highest SIL4 safety certification for its new generation networked intelligent train control system, integrating AI technology for improved operational efficiency[64]. - The company is advancing the development of a digital control system for freight operations, which aims to enhance operational efficiency and safety at ports[64]. - The company has developed a new technology for track fault detection, which is expected to be a breakthrough in railway maintenance and safety[67]. Shareholder Information - The largest shareholder, China Railway Signal & Communication Group, holds 6,614,216,000 shares, representing 62.46% of total shares, with an increase of 7,422,576 shares during the reporting period[193]. - The total number of common shareholders as of the end of the reporting period is 66,995, with no changes in the capital structure during the reporting period[192]. - The company has maintained a stable capital structure with no new share issuance or buybacks reported[191]. - The shareholding structure shows a concentration of ownership, with the top shareholder holding a majority stake[200]. - The company has engaged in securities lending activities, with specific shares being lent out, reflecting active trading strategies[197].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 6,509,426,910.25, representing a decrease of 13.10% compared to the same period last year[15]. - Net profit attributable to shareholders for the same period was CNY 604,490,948.26, down 10.84% year-on-year[15]. - Total operating revenue for Q1 2024 was RMB 650.94 million, a decrease of 13.10% compared to the same period last year[39]. - Net profit attributable to shareholders of the parent company was CNY 604,490,948.26, down 10.8% from CNY 677,962,651.12 in the same period last year[55]. - Total comprehensive income for Q1 2024 was CNY 717,666,489.55, compared to CNY 779,863,641.52 in Q1 2023, reflecting a decrease of 8%[57]. - The company’s total comprehensive income for Q1 2024 was CNY 105,784,324.63, up from CNY 91,211,624.84 in Q1 2023, reflecting a positive trend in overall financial performance[81]. Research and Development - Research and development expenses totaled CNY 376,270,501.83, which is an increase of 7.62% compared to the previous year, accounting for 5.78% of operating revenue, up by 1.12 percentage points[15]. - Research and development expenses increased to CNY 376,270,501.83, representing a rise of 22.9% from CNY 305,948,866.89 in Q1 2023[51]. - Research and development expenses decreased dramatically to CNY 1,800.00 in Q1 2024 from CNY 19,283,400.56 in Q1 2023, indicating a strategic shift in R&D investment[77]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 118,076,301,641.15, a decrease of 0.77% from the end of the previous year[18]. - Total assets as of March 31, 2024, were RMB 118.08 billion, down from RMB 118.99 billion at the end of 2023[48]. - Total liabilities decreased to RMB 68.45 billion from RMB 70.12 billion, reflecting a reduction of 2.39%[46]. - The total liabilities as of March 31, 2024, were ¥10,495,021,663.05, a decrease from ¥10,633,010,469.81 as of December 31, 2023[71]. - Total liabilities and shareholders' equity amounted to CNY 44,883,994,979.34 as of March 31, 2024, slightly down from CNY 44,922,488,517.06 as of December 31, 2023[74]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,089[23]. - China Railway Communication Signal Group holds 6,610,085,424 shares, accounting for 62.42% of total shares[24]. - HKSCC NOMINEES LIMITED holds 1,967,759,950 shares, representing 18.58% of total shares[24]. - The top ten shareholders include China Machinery Industry Group with 63,507,192 shares (0.60%) and China Railway Investment Group with 34,188,000 shares (0.32%)[27]. - The total number of A-share shareholders is 71,089, while H-share shareholders number 218[34]. - The report indicates that the top ten shareholders do not have any related party relationships or concerted actions[33]. Cash Flow and Financing - Cash flow from operating activities generated a net amount of CNY 2,082,321,318.72, a significant improvement from a negative cash flow of CNY 1,307,374,461.57 in Q1 2023[60]. - The company reported a net cash flow from operating activities of CNY 201,714,792.86 in Q1 2024, a significant improvement compared to a negative cash flow of CNY -302,688,161.71 in Q1 2023[86]. - The cash outflow from financing activities in Q1 2024 was ¥2,166,958,020.45, an increase of 121.5% compared to ¥976,380,395.05 in Q1 2023[62]. - Cash flow from financing activities resulted in a net outflow of -$4,040,750.00 in Q1 2024, compared to a net inflow of $1,199,646,000.00 in Q1 2023, indicating a shift in financing strategy[88]. Contracts and Business Performance - New contracts signed in Q1 2024 totaled RMB 11.361 billion, down 17.07% year-on-year, with railway sector contracts increasing by 10.13% to RMB 3.985 billion[39]. - The overseas business segment saw a significant decline in new contracts, dropping 34.89% to RMB 1.793 billion[39]. - The engineering contracting sector experienced a 24.62% decrease in new contracts, totaling RMB 4.527 billion[39]. Other Financial Metrics - The basic earnings per share for the reporting period was CNY 0.06, unchanged from the previous year[15]. - The weighted average return on equity decreased by 0.21 percentage points to 1.28%[15]. - The company recorded a credit impairment loss of CNY 67,121,990.45, which is significantly higher than CNY 25,685,067.18 in Q1 2023[53]. - The company’s financial expenses showed a significant reduction, with net financial costs decreasing from CNY -54,764,861.51 in Q1 2023 to CNY -28,454,999.59 in Q1 2024[77].

CRSC 中国通号 China Railway Signal & Communication Corporation Limited* 中 國 鐵 路 通 信 信 號 股 份 有 限 公 司 （在中華人民共和國註冊成立的股份有限公司） 股份代號：3969 報 ttp 告 GSM-R 無線基站 GSM-R 移動交換中心 BTS 車載ATP ATP Onboard MSC 無線閉塞中心 RBC 計算機聯鎖 CBI 調度集中系統 CTC 臨時限速服務器 TSRS 120 列車控制中心 TCC 無絕緣軌道電路設備 ZPW-2000 * 懂供購別 重要提示 未出席董事職務 未出席董事姓名 未出席董事的原因說明 被委託人姓名 董事長 樓齊良 其他重要工作安排 張權 一. 本公司董事會、監事會及董事、監事、高級管理人員保證年度報告內容的真實性、準確性、完整性， 不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二. 公司上市時未盈利且尚未實現盈利 是 ✓ 否 三. 重大風險提示 請查閱本報告第四節「管理層討論與分析及董事會報告」中有關風險的說明。 四. 未出席董事情況 五. 立信會計師事務所（特殊普通合夥 ...

Financial Performance - In 2023, the company's operating revenue was approximately CNY 37.00 billion, a decrease of 7.96% compared to CNY 40.20 billion in 2022[21]. - The net profit attributable to shareholders was approximately CNY 3.48 billion, down 4.30% from CNY 3.63 billion in the previous year[21]. - The net profit after deducting non-recurring gains and losses was approximately CNY 3.27 billion, reflecting a decrease of 4.41% from CNY 3.42 billion in 2022[21]. - The company's total assets at the end of 2023 were approximately CNY 118.99 billion, an increase of 1.87% from CNY 116.81 billion in 2022[21]. - The net assets attributable to shareholders increased to approximately CNY 46.81 billion, representing a growth of 3.28% compared to CNY 45.32 billion in 2022[21]. - The basic earnings per share for 2023 was CNY 0.32, a decrease of 3.03% from CNY 0.33 in 2022[22]. - The R&D expenditure accounted for 5.51% of operating revenue, an increase of 0.85 percentage points from 4.66% in 2022[22]. - The weighted average return on net assets was 7.54%, down 0.63 percentage points from 8.17% in the previous year[22]. - The net cash flow from operating activities was approximately CNY 2.06 billion, a slight decrease of 1.16% from CNY 2.08 billion in 2022[21]. - The company reported a decrease in operating costs by 10.46% to CNY 27.47 billion[134]. - The gross profit margin for the rail transit control system segment was 29.76%, with a slight increase of 1.96 percentage points[135]. - The overseas business revenue decreased by 1.11%, with a gross profit margin of 18.51%[135]. - The total operating cost for 2023 was CNY 27.47 billion, a decrease of 10.46% compared to the previous year, which is 2.50 percentage points lower than the decline in operating revenue[143]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 1.7 per 10 shares, totaling RMB 1,800,269,230 based on a total share capital of 10,589,819,000 shares as of December 31, 2023[5]. - As of December 31, 2023, the total issued share capital of the company is RMB 10,589,819,000, divided into 10,589,819,000 shares with a par value of RMB 1.00 each[172]. - The company has not conducted any repurchase, sale, or redemption of its listed securities during the reporting period[173]. Audit and Compliance - The audit report issued by Lixin Certified Public Accountants confirms the financial statements are true, accurate, and complete[4]. - The board of directors guarantees the authenticity and completeness of the annual report content[3]. - The company has implemented internal controls to ensure compliance with applicable laws and regulations[169]. - The company must comply with various laws and regulations, including the Railway Law and the Safety Production Law of the People's Republic of China, which could impact its business operations if violated[169]. - The company has not entered into any non-exempt related party transactions during the reporting period[190]. - The company appointed Lixin Certified Public Accountants as the external auditor for the financial year 2023[194]. Market and Strategic Outlook - The company aims to enhance its core competitiveness and develop new strategic emerging industries in 2024, marking a key year for high-quality development[16]. - The company plans to continue expanding its market presence and invest in new technologies to drive future growth[19]. - The company aims to maintain its market leadership in the railway control systems sector, despite increasing competition from domestic and international players[163]. - The company plans to implement a business strategy focused on six core areas: signal systems, information communication, electrification, engineering contracting, investment operations, and intelligent manufacturing[164]. - The company recognizes the need to strengthen its overall market operational capabilities in response to a more complex competitive landscape[163]. - The company is committed to ensuring the preservation and appreciation of state-owned capital through its operational goals for 2024[165]. Research and Development - The total R&D investment for the year was RMB 2,037,876,598.39, an increase of 8.73% compared to the previous year[84]. - The total investment in R&D projects reached 203,823.58 million, with 48,486.47 million invested in the current period[115]. - The company is actively developing advanced technologies for various rail transit fields, including autonomous train operation and intelligent maintenance systems[116]. - The company has achieved stable operation of the conventional railway control system for over one year, gaining user recognition and demonstrating high reliability and cost-effectiveness[90]. - The company holds over 4,600 registered patents, achieving 100% autonomy in core technologies for train operation control and products[119]. Awards and Recognition - The company received 1 special award and 4 awards for excellence in railway construction, along with over 40 provincial and ministerial quality engineering awards[12]. - The company was recognized as a "Single Champion Demonstration Enterprise" for its rail transit control systems in 2020 and 2021, highlighting its leadership in the industry[74]. - The company has received multiple national science and technology awards, including first-class awards for railway speed-up technology and key safety control systems[71]. Operational Highlights - The company participated in the construction of 349 major railway projects, achieving a total operational mileage of 3,406 kilometers in 2023[12]. - The company successfully completed the field testing of high-speed magnetic levitation trains at 1,000 km/h and developed key technologies for urban rail transit control systems[13]. - The company has established a strong presence in over 40 cities and 170 lines in China's urban rail transit control systems, continuing to lead the market[42]. - The company has developed a multi-standard control system for regional (suburban) railways, completing field tests for the CTCS2+ATO system with a 3-minute automatic return and a 20-second automatic end-switching function[45]. Challenges and Risks - The company faces risks related to unprofitability and significant performance declines, necessitating proactive measures in technology and market strategy[126]. - The international market faces challenges such as varying technical standards and product certifications, which impact the acceptance of Chinese standards abroad[161]. - Domestic competition is intensifying due to a slowdown in railway infrastructure investment, prompting companies to increase their market share in niche segments[162].

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: 2023年11月30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: 2023年12月1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 | 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 | | 1,968,801,000 | | 2. 股份分類 | 普通股 | 股份類別 ...

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 ...

证券代码：688009 证券简称：中国通号 公告编号：2023-036 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： 中标共计七个重要项目，其中铁路市场五个，分别为新建西宁至成都铁 路甘青段"弱电"系统集成及信息客服、灾害监测工程XCRD标段施工单价承 包项目（以下简称"西成高铁弱电工程"），中标金额8.92亿元；甘泉北至钟 家村铁路电气化改造工程施工总价承包项目，中标金额3.76亿元；2023年铁 路建设项目国铁集团管理的甲供物资第六批次XH03-XH05包件项目，中标金 额2.26亿元；沪渝蓉高铁武宜段WYSD标联合体项目第三批自购物资采购，中 标金额1.25亿元；格尔木至库尔勒铁路（新疆段）扩能改造工程施工总价承 包项目，中标金额1.13亿元。城市轨道交通市场二个,分别为西安市地铁10号 线一期工程车站设备安装及装修、系统设备安装施工总承包项目，中标金额 8.23亿元；津滨轻轨9号线信号系统更新改造工程EPC项目，中标金额4. ...