每股分配比例 A 股每股现金红利1.18828元 证券代码：603508 证券简称：思维列控 公告编号：2025-019 河南思维自动化设备股份有限公司 2024年年度权益分派实施公告 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。 重要内容提示： 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/11 | － | 2025/6/12 | 2025/6/12 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 7 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股 东。 3. 分配方案： 公司股东郭洁女士、王卫平先生、赵建州先生、李欣先生的现金 ...

董事会 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个别及连带责任。 为进一步加强与投资者的互动交流，河南思维自动化设备股份有限公司（以 下简称"公司"）定于 2025 年 5 月 22 日（星期四）15:25-16:55 参加在全景网 举办的河南辖区上市公司 2025 年投资者网上集体接待日活动，本次活动将采用 网络远程的方式举行，投资者可登录"全景•路演天下"（http://rs.p5w.net）参与 本次互动交流。 出席本次网上集体接待日活动的人员有：公司董事会秘书骆开尚先生、财务 总监孙坤先生、证券事务代表孙巧女士（如有特殊情况，参会人员将可能进行调 整），欢迎广大投资者积极参与。 特此公告。 河南思维自动化设备股份有限公司 证券代码：603508 证券简称：思维列控 公告编号：2025-018 河南思维自动化设备股份有限公司 关于参加河南辖区上市公司 2025 年投资者网上集体 接待日活动的公告 2025 年 5 月 15 日 ...

重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 5 月 7 日 (二)股东会召开的地点：郑州市高新区雪梅街 39 号公司一楼 1 号会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 210 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 222,841,937 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份 | 58.4466 | | 总数的比例（%） | | 证券代码：603508 证券简称：思维列控 公告编号：2025-017 河南思维自动化设备股份有限公司 2024年年度股东会决议公告 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。 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议以现场会议和网络投票相结合的方式召开，会议的主持、召开和表 决方式符合《公司法》及《公司章程》的规定。本次会议由公司董事长李欣先生 ...

广东华商律师事务所 关于 关于河南思维自动化设备股份有限公司 2024 年年度股东大会的 法律意见书 二〇二五年五月 深圳市福田区深南大道 4011 号港中旅大厦 21-26 层 邮政编码（P.C.）：518048 21-26/F, China Travel Service Tower, 4011 Shennan Avenue, Futian District, Shenzhen, CHINA 电话（Tel）：0086-755-83025555 传真（Fax）：0086-755-83025068 网址（web）：www.huashang.cn 法律意见书 广东华商律师事务所 关于河南思维自动化设备股份有限公司 2024 年年度股东大会的 法律意见书 致：河南思维自动化设备股份有限公司 广东华商律师事务所（以下简称"本所"）接受河南思维自动化设备股份 有限公司（以下简称"公司"）的委托，指派本所律师（以下简称"本所律 师"）出席公司2024年年度股东大会（以下简称"本次会议"）。本所律师依 据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和 国公司法》（以下简称"《公司法》"）、《上市公司股东 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [2][19]. Core Views - The company achieved significant growth in both revenue and profit, with 2024 revenue reaching 1.515 billion yuan, a year-on-year increase of 28.38%, and net profit attributable to shareholders at 548 million yuan, up 33.08% [2][4]. - The company is committed to an innovation-driven development strategy, increasing its investment in technology research and development, and enhancing collaboration between industry and academia [2][8]. Financial Performance Summary - **2024 Financial Results**: - Total revenue: 1.515 billion yuan, up 28.38% year-on-year - Net profit: 548 million yuan, up 33.08% year-on-year - Gross margin: 66.76%, an increase of 3.67 percentage points [2][4][8]. - **2025 Q1 Results**: - Revenue: 319 million yuan, up 6.72% year-on-year - Net profit: 127 million yuan, up 26.40% year-on-year [2]. - **Future Projections**: - Expected revenues for 2025, 2026, and 2027 are 1.831 billion yuan, 2.185 billion yuan, and 2.567 billion yuan, respectively, with year-on-year growth rates of 20.8%, 19.3%, and 17.4% [4][8]. - Projected net profits for the same years are 669 million yuan, 798 million yuan, and 936 million yuan, with growth rates of 22.1%, 19.2%, and 17.4% [4][8]. Business Segments Performance - The company’s revenue from various business segments showed robust growth: - High-speed rail monitoring systems: 358 million yuan, up 39.79% - Train control systems: 886 million yuan, up 25.89% - Railway safety protection systems: 238 million yuan, up 25.64% [2][8]. Investment Recommendation - The report suggests a target price of 35.2 yuan for the company's stock, based on a 20x price-to-earnings ratio for 2025, indicating a significant upside from the current price of 25.75 yuan [4][8].

事项： 公司研究 证 券 研 究 报 告 思维列控（603508）2024 年报及 2025 年一季报点评 强推（维持） 营收和利润双增，坚定践行创新发展战略 近期，公司发布 2024 年年报及 2025 年一季报：2024 年，实现营业收入 15.15 亿元，同比增长 28.38%，归母净利润 5.48 亿元，同比增长 33.08%，归母扣 非净利润 5.49 亿元，同比增长 35.02%；2025 年一季度，实现营业收入 3.19 亿元，同比增长 6.72%，归母净利润 1.27 亿元，同比增长 26.40%，归母扣 非净利润 1.27 亿元，同比增长 27.05%。 评论： [ReportFinancialIndex] 主要财务指标 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 1,515 | 1,831 | 2,185 | 2,567 | | 同比增速(%) | 28.4% | 20.8% | 19.3% | 17.4% | | 归母净利润(百万) | 548 | 669 | 798 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 319,064,376.63, representing a year-on-year increase of 6.72% compared to CNY 298,965,205.89 in the same period last year[4]. - Net profit attributable to shareholders for the same period was CNY 126,810,305.02, reflecting a growth of 26.40% from CNY 100,323,202.62 year-on-year[4]. - The basic earnings per share increased to CNY 0.33, up 26.92% from CNY 0.26 in the same quarter last year[4]. - Total operating revenue for Q1 2025 reached ¥319,064,376.63, an increase of 6.9% compared to ¥298,965,205.89 in Q1 2024[20]. - Net profit for Q1 2025 was ¥130,216,705.40, representing a 25.6% increase from ¥103,653,685.66 in Q1 2024[21]. - Operating profit for Q1 2025 was ¥154,653,708.77, up from ¥126,040,137.08 in Q1 2024, marking a growth of 22.7%[21]. Cash Flow - The net cash flow from operating activities improved significantly to CNY 1,850,154.82, compared to a negative cash flow of CNY -22,534,946.83 in the previous year[4]. - The net cash flow from operating activities for Q1 2025 was ¥1,850,154.82, a significant improvement from a net outflow of ¥22,534,946.83 in Q1 2024[25]. - The net cash flow from investment activities was 61,318,482.49, a significant improvement compared to a negative cash flow of -92,237,090.71 in the previous period[26]. - The net increase in cash and cash equivalents was 63,168,637.31, contrasting with a decrease of -114,772,037.54 in the previous period[26]. - The ending balance of cash and cash equivalents reached 250,443,203.17, compared to 143,316,938.61 at the end of the previous period, marking a 75% increase[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,256,774,793.70, a slight increase of 0.21% from CNY 5,245,982,846.09 at the end of the previous year[4]. - As of March 31, 2025, the total assets amounted to RMB 5,256,774,793.70, slightly up from RMB 5,245,982,846.09 at the end of 2024[16][17]. - Total liabilities decreased to ¥302,071,109.29 in the latest report from ¥422,207,682.99 in the previous period[18]. - The company reported a total current liabilities of RMB 289,000,000.00, down from RMB 289,000,000.00 in the previous period[17]. - The company’s non-current assets totaled RMB 2,027,466,524.65, slightly down from RMB 2,035,868,680.43[17]. Equity and Returns - The company's weighted average return on equity rose to 2.66%, an increase of 0.48 percentage points from 2.18% in the previous year[4]. - The total equity attributable to shareholders increased to ¥4,828,823,056.83 from ¥4,701,316,120.39, reflecting a growth of 2.7%[18]. - The company’s total equity remains stable, with no significant changes reported in shareholder structure[12][13]. Operational Highlights - The company received a VAT refund of CNY 24,433,742.51, which is an increase of 93.75% year-on-year, contributing positively to the net profit[6]. - The company reported a significant increase in prepayments to suppliers, which rose by 67.44% to meet production needs[7]. - Contract liabilities increased by 63.53%, indicating a rise in advance payments received from customers[7]. - The company has sufficient orders on hand to support its performance in 2025, with ongoing delivery of orders from 2024 and new contracts[13]. - The company signed new contracts totaling approximately RMB 258 million in the first quarter of 2025, representing a year-on-year growth of over 70%[13]. Investment Activities - Total cash inflow from investment activities amounted to 304,371,778.05, compared to 113,657,916.77 in the prior period, indicating a 167% increase[26]. - Cash outflow for investment activities totaled 243,053,295.56, up from 205,895,007.48, reflecting an 18% increase[26]. - The company received 273,922,248.10 in cash related to investment activities, a substantial rise from 43,506,750.00 previously, representing a 529% increase[26]. - Cash received from the disposal of fixed assets and other long-term assets was 413,991.90, significantly higher than 8,676.36 in the prior period[26]. - The company made cash payments of 150,000,000.00 for investments, slightly down from 155,000,000.00 in the previous period[26]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4]. - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[27].

思维列控（603508）公告，2025年第一季度营收为3.19亿元，同比增长6.72%；净利润为1.27亿元，同 比增长26.40%。 ...

Summary of the Conference Call for Siwei Liekong Company Overview - Siwei Liekong was founded in May 1992 and is one of the earliest companies engaged in train operation control system research in China. The company was listed on the Shanghai Stock Exchange on December 24, 2015, becoming the first A-share listed company in the train control field in China. The current registered capital is 381 million yuan, with over 1,000 employees [2][3]. Financial Performance - In 2024, Siwei Liekong achieved a revenue of 1.515 billion yuan, representing a year-on-year growth of 28.38%. The net profit attributable to shareholders was 548 million yuan, up 33.08%, while the net profit after deducting non-recurring gains and losses reached 549 million yuan, increasing by 35.02%, indicating strong growth momentum [1][5]. - All three major business segments experienced significant growth: - Train control systems revenue was 886 million yuan, up 25.89% - Railway safety business revenue was 238 million yuan, up 25.64% - High-speed rail operation monitoring revenue was 355.8 million yuan, up 39.79% [1][5]. - The company's profitability improved significantly, with both net profit and net profit after deducting non-recurring gains and losses growing by over 30%. The net cash inflow from operating activities was 439 million yuan, a year-on-year increase of 52%. By the end of 2024, cash and cash equivalents reached 1.665 billion yuan, indicating a solid financial position [1][5]. - The gross profit margin for 2024 was 67.57%, and the net profit margin was 36.17%, both showing a continuous growth trend for three consecutive years, reflecting enhanced cost control and profitability [1][5]. Market Position - The market share of the XG system in the train control business exceeded 49%, applied to over 20,000 locomotives and more than 1,500 EMUs. The market share of the 6A CMD system in railway safety exceeded 30%. The DMS US GRU module in high-speed rail achieved a market share of 100%, consolidating its market leadership [1][6][7]. Strategic Developments - The company plans to implement quality improvement and efficiency enhancement measures in 2025, develop new productive forces, strengthen market value management, and improve investor returns. Strategic reserve projects such as the intelligent driving system (STO) and smart stations will be promoted to ensure sustainable development [3][8]. - The acquisition of Nanxin Technology has enabled the strategic establishment in the high-speed rail comprehensive monitoring field, forming a business structure that includes train operation control, railway safety protection, and high-speed rail operation monitoring [3][4]. Conclusion - Siwei Liekong demonstrates robust financial performance and market leadership in its core business segments. The company's strategic initiatives and focus on innovation position it well for future growth and sustainability in the railway industry.

河南思维自动化设备股份有限公司 关于 2024 年度业绩说明会召开情况的公告 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。 河南思维自动化设备股份有限公司（以下简称"思维列控"或"公司"）于 2025 年 4 月 21 日 下 午 15:00-16:30 通 过 上 海 证 券 交 易 所 上 证 路 演 中 心 （http://roadshow.sseinfo.com）采用视频直播和网络互动形式召开"思维列控 2024 年度业绩说明会"。现将活动情况公告如下： 一、本次说明会召开情况 证券代码：603508 证券简称：思维列控 公告编号：2025-016 公司于2025年4月12日在上海证券交易所网站（http://www.sse.com.cn）和指 定披露媒体上披露了《思维列控关于召开2024年度业绩说明会的公告》（公告编 号：2025-015），并通过邮件、预征集问题等方式提前征集投资者所关注的问题。 公司董事长李欣先生、独立董事叶建华先生、财务总监孙坤先生、董事会秘 书骆开尚先生出席了本次说明会，与投资者进行互动交流 ...