Core Viewpoint - Doulin Technology (603528) aims to leverage its technological advantages in robotics, algorithm development, and application to drive innovation in various traffic-related scenarios, contributing to the intelligent transformation of the transportation industry [1] Group 1: Company Strategy - Doulin Technology plans to integrate its artificial intelligence services and deep insights from the public security and transportation sectors to enhance the application of robotics [1] - The company is focusing on innovative applications of robotics in areas such as vehicle management, traffic guidance, security patrols, and emergency rescue [1] Group 2: Industry Impact - The ongoing research and application exploration of humanoid robotics by Doulin Technology is expected to facilitate a gradual scale-up in the transportation sector [1] - The initiative aims to support the intelligent upgrade of the transportation industry through advanced robotic technologies [1]

Core Viewpoint - The article highlights the launch of a smart traffic command robot by Duolun Technology, showcasing its innovative capabilities in the field of intelligent transportation [1] Company Summary - Duolun Technology has developed the smart traffic command robot based on the Zongqing PM01 body, integrating three core technologies: intelligent perception, real-time decision-making, and multimodal interaction [1] - The robot can autonomously command traffic using standard gestures and dynamically coordinate traffic lights based on real-time traffic flow, significantly improving intersection traffic efficiency [1] - The company aims to leverage its technological advantages in robotics and algorithm development to innovate applications in various traffic scenarios, including vehicle management, traffic guidance, security patrols, and emergency rescue [1] Industry Summary - The introduction of the smart traffic command robot represents a significant innovation in the intelligent transportation sector, providing a practical example of embodied intelligence technology transitioning from performance breakthroughs to scalable implementation [1] - Duolun Technology plans to continue advancing humanoid robot technology research and application exploration, contributing to the intelligent transformation and upgrading of the transportation industry [1]

Core Viewpoint - Duolun Technology's stock has experienced fluctuations, with a recent decline of 2.09%, while the company has seen a year-to-date increase of 19.92% in stock price [1] Group 1: Stock Performance - As of December 4, Duolun Technology's stock price is 9.39 CNY per share, with a total market capitalization of 6.629 billion CNY [1] - The stock has seen a trading volume of 230 million CNY, with a turnover rate of 3.38% [1] - Year-to-date, the stock price has increased by 19.92%, with a slight decline of 1.05% over the last five trading days [1] Group 2: Financial Performance - For the period from January to September 2025, Duolun Technology reported a revenue of 312 million CNY, representing a year-on-year decrease of 26.17% [2] - The company recorded a net profit attributable to shareholders of -19.81 million CNY, a significant decline of 147.17% compared to the previous period [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Duolun Technology has increased to 57,400, marking a rise of 6.42% [2] - The average number of circulating shares per shareholder is 12,302, which has decreased by 6.03% from the previous period [2] Group 4: Business Overview - Duolun Technology, established on December 25, 1995, is located in Nanjing, Jiangsu Province, and was listed on May 3, 2016 [1] - The company's main business segments include vehicle management, traffic services, driving training, and vehicle inspection, with revenue contributions of 36.63%, 30.64%, 13.80%, and 9.17% respectively [1]

Core Insights - The smart examination room is transforming traditional examination models towards intelligent, automated, and fair systems, leveraging technologies like AI, big data, and cloud computing to enhance the integrity, security, and efficiency of the examination process [1][11] - The smart examination room market is rapidly growing globally, with significant advancements in Asia, particularly in China, where the market size is projected to increase from 1.668 billion yuan in 2017 to 4.575 billion yuan in 2024, reflecting a compound annual growth rate (CAGR) of 11.86% [1][11] - The increasing number of candidates for national examinations, such as the college entrance examination, is driving the demand for smart examination solutions, which are essential for improving examination governance and maintaining educational fairness [1][9] Industry Overview - The smart examination room utilizes advanced technologies such as image processing, facial recognition, voice analysis, and behavior analysis to create a comprehensive monitoring system that identifies and alerts against cheating behaviors throughout the examination process [4] - The construction of smart examination rooms involves upgrading existing computer examination facilities with intelligent monitoring systems and robots, enhancing the anti-cheating capabilities and service efficiency of the examination system [4] Market Dynamics - The smart examination room industry is characterized by a multi-faceted ecosystem involving traditional educational examination institutions, technology innovation companies, and research institutions, all contributing to the development and implementation of smart examination solutions [11] - Key players in the smart examination room market include companies like Tuowei Information, Jiafa Education, and Keda Xunfei, which provide comprehensive solutions encompassing intelligent monitoring, identity verification, and cheating prevention [12][11] Industry Challenges - The smart examination room industry faces several challenges, including technological bottlenecks in AI applications for monitoring and automated scoring, as well as data security and privacy concerns related to the handling of personal information and examination data [15][16] - High construction and operational costs pose a barrier for smaller examination institutions, necessitating strategies to reduce expenses while maintaining quality and effectiveness [17] Future Trends - The future of the smart examination room industry is expected to see deeper integration of edge computing and IoT technologies, enhancing device interconnectivity and data processing capabilities [20] - There will be a shift towards personalized services in smart examination systems, allowing for tailored examination environments based on individual candidate profiles [21] - The application scenarios for smart examination rooms are anticipated to expand beyond traditional education to include vocational skills certification and corporate talent assessment, with advancements in remote monitoring technologies supporting international examination standards [22]

Core Viewpoint - Duolun Technology is a leading provider of vehicle management, smart transportation, and driving training solutions in China, with a focus on technological innovation and industry application [1] Group 1: Business Overview - Duolun Technology was established on December 25, 1995, and listed on the Shanghai Stock Exchange on May 3, 2016, with its headquarters in Nanjing, Jiangsu Province [1] - The company's main business includes vehicle management, traffic services, driving training, and vehicle inspection, categorized under the software development industry [1] Group 2: Financial Performance - In Q3 2025, Duolun Technology reported revenue of 312 million yuan, ranking 64th among 102 companies in the industry, significantly lower than the top company, Shanghai Steel Union, which had revenue of 57.318 billion yuan [2] - The net profit for the same period was -22.4444 million yuan, ranking 59th in the industry, far behind the leading companies [2] Group 3: Financial Ratios - As of Q3 2025, Duolun Technology's debt-to-asset ratio was 15.13%, lower than the industry average of 31.94%, indicating good solvency [3] - The gross profit margin was 35.57%, a slight decrease from 36.96% year-on-year, and also below the industry average of 41.71% [3] Group 4: Leadership - The controlling shareholder is Nanjing Duolun Enterprise Management Co., Ltd., with Zhang Anqi as the actual controller and chairman, who has been instrumental in advancing electronic and intelligent transportation solutions since the company's inception [4] Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 6.42% to 57,400, while the average number of shares held per shareholder decreased by 6.03% [5]

证券代码：603528 证券简称：多伦科技 公告编号：2025-028 多伦科技股份有限公司 三、参加人员 关于召开2025年第三季度业绩说明会的公告 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。 重要内容提示： 一、说明会类型 多伦科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日在上 海证券交易所网站（www.sse.com.cn）披露了《2025 年第三季度报告》。为便 于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 11 月 11 日（星期二）14:00-15:00 在"价值在线"（www.ir-online.cn） 召开多伦科技股份有限公司 2025 年第三季度业绩说明会，与投资者进行沟通和 会议召开时间：2025 年 11 月 11 日（星期二）14:00-15:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 11 月 11 日 前 访 问 网 址 ...

Core Insights - The company reported a revenue of 312 million yuan for the first three quarters of 2025, representing a year-on-year decline of 26.17% [1] - The net profit attributable to shareholders was a loss of 19.81 million yuan [1] - The non-recurring net profit also showed a loss of 31.88 million yuan, with a basic earnings per share of -0.0283 yuan [1]

Group 1 - The core point of the article is that Duolun Technology (603528.SH) reported a significant decline in its financial performance for the first three quarters of 2025, with total revenue of 312 million yuan, a year-on-year decrease of 26.17% [1] - The net profit attributable to shareholders of the parent company was -19.81 million yuan, compared to a net profit of 41.99 million yuan in the same period last year [1] - The basic earnings per share were -0.0283 yuan, indicating a loss compared to the previous year's earnings [1]

Financial Performance - The company's operating revenue for the third quarter was ¥111,921,851.78, representing a year-on-year increase of 1.72%[5] - The total profit for the quarter was -¥15,530,005.57, a decrease of 194.90% compared to the same period last year[5] - The net profit attributable to shareholders was -¥14,458,320.78, reflecting a decline of 165.35% year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥7,042,649.34, a significant decrease of 797.50% compared to the previous year[5] - The basic earnings per share for the quarter was -¥0.02068, down 165.99% from the same period last year[6] - Total operating revenue for the first three quarters of 2025 was CNY 312,270,779.14, a decrease of 26.2% compared to CNY 422,960,483.33 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was a loss of CNY 22,444,413.16, compared to a profit of CNY 33,115,625.70 in 2024, representing a significant decline[21] - The company's gross profit margin for the first three quarters of 2025 was approximately -13.3%, compared to a positive margin in the same period of 2024[21] - The company’s earnings per share for the first three quarters of 2025 was -0.0283, compared to 0.0595 in the same period of 2024[22] - The company experienced a significant decline in investment income, reporting CNY 7,205,137.74 for the first three quarters of 2025, compared to CNY 20,856,720.55 in 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,323,364,684.97, a decrease of 4.32% from the end of the previous year[6] - The equity attributable to shareholders decreased by 2.81% to ¥1,900,755,512.88 compared to the end of the previous year[6] - The company's total current assets as of September 30, 2025, amount to ¥1,533,192,894.44, a decrease from ¥1,629,136,943.46 as of December 31, 2024[16] - Total liabilities as of September 30, 2025, are ¥351,515,919.43, down from ¥396,759,160.99[18] - Total assets amount to ¥2,323,364,684.97, a decrease from ¥2,428,268,845.19[18] - The company has a long-term equity investment of ¥63,523,952.21, down from ¥68,331,343.25[17] - The total non-current assets are ¥790,171,790.53, slightly down from ¥799,131,901.73[17] - The company reported a total equity of CNY 1,971,848,765.54 as of the end of the third quarter of 2025, compared to CNY 2,031,509,684.20 at the end of 2024[19] - The total liabilities and equity amounted to CNY 2,323,364,684.97 at the end of the third quarter of 2025, down from CNY 2,428,268,845.19 in 2024[19] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥28,011,182.81, an increase of 8.71%[5] - Cash inflow from operating activities for the first three quarters of 2025 was CNY 375,815,151.85, a decrease of 12.9% from CNY 431,541,280.64 in 2024[24] - Cash flow from operating activities net amount was $28,011,182.81, an increase from $25,768,082.59 in the previous period[25] - Total cash outflow from operating activities was $347,803,969.04, down from $405,773,198.05[25] - Cash inflow from investment activities totaled $1,287,366,303.47, compared to $975,036,500.34 last period[25] - Net cash flow from investment activities was -$366,410,445.62, slightly improved from -$390,003,497.89[25] - Cash inflow from financing activities was $450,000.00, down from $2,000,000.00[26] - Cash outflow from financing activities totaled $49,737,501.14, compared to $52,324,933.72 in the previous period[26] - The net cash flow from financing activities was -$49,287,501.14, an improvement from -$50,324,933.72[26] - The ending cash and cash equivalents balance was $267,276,135.55, down from $343,902,480.22[26] - The company reported a significant increase in cash paid for employee compensation to $147,248,545.92 from $140,356,149.81[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 57,383[13] - The largest shareholder, Nanjing Duolun Enterprise Management Co., Ltd., holds 50.63% of shares, totaling 357,395,993 shares[13] - The company has no significant changes in shareholder participation in margin trading and securities lending[14] Future Plans - The company plans to implement new accounting standards starting in 2025[27] Non-Recurring Items - The company reported a non-recurring loss of -¥7,415,671.44 for the quarter, primarily due to fair value changes in financial assets[9] - The decline in profits was mainly attributed to changes in the fair value of trading financial assets and reduced acceptance reports compared to the previous year[10][11]

Core Insights - In October 2025, Multi-Tech and Beijing Yingzhi Technology Co., Ltd. signed a strategic cooperation framework agreement [1] - The collaboration will focus on multiple dimensions including research and development, manufacturing, and market sales of robotic products [1] - The aim is to promote the large-scale application and commercialization of XBOT consumer robots in commercial retail and other sectors [1]