中国铁路通信信号股份有限公司 A 股关联交易管理制度 第一章 总 则 第一条 为规范中国铁路通信信号股份有限公司(以下简称 "公司"或者"本公司"）的关联交易行为,控制关联交易风险, 保障公司和股东整体利益,促进经营活动安全、稳健运行,根 据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司治理准则》《上海证券交易所科创板股票上市规则》 ("以下简称《上交所上市规则》")《上海证券交易所上市 公司自律监管指引第5号 -- 交易与关联交易》及《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,制定本制度。 第二条 本制度仅适用于公司依据A股股票上市地证券监管 规则实施的关联交易行为。公司已根据《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》")制定 《中国铁路通信信号股份有限公司H股关连交易管理制度》 (以下简称"《H股关连交易制度》"),该制度仅适用于公 司依据H股股票上市地证券监管规则实施的关连交易行为。 第三条 公司关联交易的披露和决策程序应同时遵守《上交 所上市规则》、本制度以及《联交所上市规则》《H股关连交 易制度》的规定。当出现两地法律或上 ...

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 （一） 召集、主持委员会的定期会议和临时会议； （二） 确定每次委员会会议的议程； （三） 签署委员会的重要文件； 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》（以下简称"《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。 — 1 — ...

证券代码：688009 证券简称：中国通号 公告编号：2025-034 中国铁路通信信号股份有限公司 2025年第一次临时股东大会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 11 月 21 日 （二） 股东大会召开的地点：北京市丰台区汽车博物馆南路 1 号院中国通号大 厦 A 座 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 377 | | --- | --- | | 普通股股东人数 | 377 | | 其中：A 股股东人数 | 376 | | 境外上市外资股（H 股）股东人数 | 1 | | 2、出席会议的股东所持有的表决权数量 | 7,590,016,677 | | 普通股股东所持有表决权数量 | 7,590,016,677 | | 其中：A 股股东所持有表决权数量 | 6,778,296,415 | | ...

ZHONG LUN o 中倫律師事務所 特殊的普通合伙 Limited Liability Partnership 北京市中伦律师事务所 关于中国铁路通信信号股份有限公司 2025 年第一次临时股东大会的 法律意见书 二〇二五年十一月 上海 · 深圳 · 广州 · 武汉 · 成都 · 南岛 · 杭州 · 南京 · 海港、伦敦 · 纽约 · 洛杉矶 · 旧金山,阿拉木图 北京 · . I IIN 北京市朝阳区金和东路 20号院正大中心 3号楼南塔 22- 22-24/F & 27-31/F. South Tower of CP Center. 20 Jin He East Avenue. haovang District Be 电话/Tel : +86 10 5957 2288 北京市中伦律师事务所 关于中国铁路通信信号股份有限公司 2025 年第一次临时股东大会的 法律意见书 致:中国铁路通信信号股份有限公司 根据《中华人民共和国公司法》(以下简称"《公司法》")、《上市公司股 东会规则》(以下简称"《股东会规则》")、《上海证券交易所科创板股票上市 规则》(以下简称"《上市规则》")、《上海证券交易所科创板 ...

中国铁路通信信号股份有限公司 2025 年第一次临时股东大会会议资料 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 2025 年第一次临时股东大会会议资料 2025 年 11 月 中国铁路通信信号股份有限公司 2025 年第一次临时股东大会会议资料 目录 | 2025 年第一次临时股东大会会议须知 | 2 | | --- | --- | | 2025 年第一次临时股东大会会议议程 | 4 | | 2025 年第一次临时股东大会会议议案 | 5 | | 议案一 关于取消监事会的议案 | 5 | | 议案二 关于科创板部分募投项目变更的议案 | 6 | | 议案三 关于变更 H 股募集资金用途的议案 | 17 | | 议案四 关于修订《A 股关联交易管理制度》的议案 | 18 | | 议案五 关于 2026-2028 年度日常关联交易预计的议案 | 26 | | 议案六 关于通号集团财务有限公司与中国铁路通信信号集团有限公 | | | 司签订《金融服务框架协议》暨关联交易的议案 | 31 | | 议案七 关于修订《公司章程》的议案 | 33 | | 议案八 关于 ...

Core Insights - A new company named Tonghao Jintou Intelligent Technology (Shanxi) Co., Ltd. has been established, with a registered capital of 50 million yuan [1] - The company is co-owned by China Tonghao's wholly-owned subsidiary Tonghao Communication Information Group Co., Ltd. and Jincheng State-owned Capital Investment Operation Co., Ltd. [1] Company Overview - The legal representative of the new company is Dun Jianzheng [1] - The business scope includes data processing services, artificial intelligence innovation and entrepreneurship service platform, artificial intelligence public data platform, and aviation operation support services [1]

Group 1 - The establishment of Tonghao (Guangzhou) Intelligent Technology Co., Ltd. was recently reported, with a registered capital of 10 million RMB [1][2] - The company is involved in the development of rail transit operation management systems, foreign contracting projects, and computer system services [1][2] - The shareholders of the company include China Tonghao (688009), Tonghao Urban Rail Transit Technology Co., Ltd., Metro Design (003013), and Guangzhou Baiyun Construction Science and Technology Holding Group Co., Ltd. [1][3] Group 2 - The company was officially registered on November 6, 2025, and is classified as a limited liability company [2] - The business scope includes sales of rail transit special equipment, key systems and components, urban rail transit equipment manufacturing, and geological exploration services [2][3] - The company is registered under the jurisdiction of the Market Supervision Administration of Baiyun District, Guangzhou [2]

Core Viewpoint - Recently, Tonghao (Guangzhou) Intelligent Technology Co., Ltd. was established with a registered capital of 10 million yuan, focusing on smart unmanned aerial vehicle sales and rail transit communication signal system development [1] Company Summary - The new company is a joint venture involving China Tonghao's wholly-owned subsidiary, Tonghao Urban Rail Transit Technology Co., Ltd., and Metro Design (stock code: 003013) [1] - The business scope includes sales of rail transit special equipment, key systems, and components [1]

Core Viewpoint - China Communication Technology Co., Ltd. (China Tonghao) reported a revenue of 21.748 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 4.48%, while net profit attributable to shareholders decreased by 3.16% to 2.284 billion yuan [1] Revenue Breakdown - In the first three quarters of 2025, revenue from the railway sector was 12.604 billion yuan, up 4.78% year-on-year; urban rail revenue was 5.781 billion yuan, up 14.46%; overseas revenue was 1.382 billion yuan, down 21.90%; and revenue from engineering contracting and other sectors was 1.980 billion yuan, up 0.8% [2] - The total orders in the railway sector reached 17.252 billion yuan, up 17.95% year-on-year, while urban rail orders were 5.656 billion yuan, up 16.12%; overseas orders were 2.022 billion yuan, down 48.30% [2] Profitability Analysis - The gross margin for Q3 2025 was 27.6%, a decrease of 4.0 percentage points year-on-year and 2.5 percentage points quarter-on-quarter, likely due to changes in product delivery [3] - The company’s rail transit control system business includes design integration, system delivery services, and equipment manufacturing, with varying gross margins influenced by delivery schedules [3] Market Opportunities - The rail renovation market is expected to drive order growth, with new high-speed rail renovation projects signed in the first half of the year amounting to 1.48 billion yuan, up 74.86% year-on-year [3] - In Q3, the company continued to win bids for railway renovation projects in regions like Harbin and Inner Mongolia, and urban rail projects in cities such as Wuhan and Beijing [3] - The company’s backlog of orders remains strong, with inventory at 4.114 billion yuan, up 8.3% year-on-year, and contract liabilities exceeding 10 billion yuan [3] Low-altitude Economy Development - The low-altitude economy sector continues to show promise, with new contracts signed in Q3 close to the first half's levels, including projects for low-altitude tourism and inspection services [4] - The company aims to develop a comprehensive low-altitude economy structure, focusing on airspace management, drone manufacturing, and service operations [4] Future Outlook - The company maintains a "buy" rating, projecting net profits of 3.704 billion yuan and 4.187 billion yuan for 2025 and 2026, respectively, with corresponding price-to-earnings ratios of 15.4 and 13.6 [4]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - The company is consolidating and expanding its advantages in the full industry chain of rail transit communication signal engineering design, train control system equipment, and engineering technical services. It is also cultivating the low-altitude airspace management industry, drone manufacturing, and service operations, accelerating the construction of a "three industries and one system" industrial pattern in the low-altitude economy. The focus is on both rail transit and low-altitude economy, with sufficient orders on hand ensuring future delivery and growth in the rail transformation market [2][11]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 21.748 billion yuan, a year-on-year increase of 4.48%. The net profit attributable to the parent company was 2.284 billion yuan, a year-on-year decrease of 3.16%. In Q3 2025, the operating revenue was 7.083 billion yuan, a year-on-year increase of 7.91%, while the net profit attributable to the parent company was 664 million yuan, a year-on-year decrease of 12.63% [6][11]. Revenue Breakdown - Revenue breakdown for the first three quarters of 2025 shows: - Railway sector: 12.604 billion yuan, up 4.78% year-on-year - Urban rail sector: 5.781 billion yuan, up 14.46% year-on-year - Overseas sector: 1.382 billion yuan, down 21.90% year-on-year - Engineering general contracting and other sectors: 1.980 billion yuan, up 0.8% year-on-year [11]. Order Status - As of Q3 2025, the company has sufficient orders on hand, with inventory at 4.114 billion yuan, up 8.3% year-on-year and 7.4% quarter-on-quarter. Contract liabilities remain above 10 billion yuan, indicating strong support for future deliveries [11]. Market Opportunities - The rail transformation market is expected to drive order growth and subsequent development. New high-speed rail transformation projects and urban rail projects are being awarded, with Q3 orders in the railway sector exceeding 6 billion yuan, up 29% year-on-year [11]. Low-altitude Economy - The low-altitude economy sector continues to make breakthroughs, with new contracts signed amounting to 0.53 billion yuan in the first three quarters. Projects include low-altitude tourism service centers and drone inspection services, indicating potential for this sector to become a second growth driver for the company [11]. Future Profit Projections - The company is projected to achieve net profits of 3.704 billion yuan and 4.187 billion yuan for 2025 and 2026, respectively, corresponding to price-earnings ratios of 15.4 and 13.6 times [11].