中铁高铁电气装备股份有限公司 2025 年第三季度报告 证券代码：688285 证券简称：高铁电气 中铁高铁电气装备股份有限公司 2025 年第三季度报告 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： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 单位:元 币种:人民币 第三季度财务报表是否经审计 □是√否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 276,629,588.45 | ...

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong operational performance [1] - The revenue for the third quarter reached 277 million yuan, representing a year-on-year growth of 44.51% [1] - The net profit for the third quarter was 7.92 million yuan, showing a remarkable year-on-year increase of 242.35% [1] Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 810 million yuan, which is a 30.33% increase compared to the same period last year [1] - The net profit for the first three quarters amounted to 36.33 million yuan, reflecting a year-on-year growth of 54.32% [1] - The basic earnings per share for the company stood at 0.0965 yuan [1] Project Developments - The increase in revenue is attributed to the commencement of supply for several large projects during the reporting period, contributing to a substantial year-on-year growth [1]

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, with revenue reaching 277 million yuan, a year-on-year growth of 44.51%, and a net profit of 7.92 million yuan, up 242.35% [1] - For the first three quarters of 2025, the company achieved a total revenue of 810 million yuan, reflecting a year-on-year increase of 30.33%, while the net profit attributable to shareholders was 36.33 million yuan, marking a growth of 54.32% [1] Financial Performance - Third quarter revenue: 277 million yuan, up 44.51% year-on-year [1] - Third quarter net profit: 7.92 million yuan, up 242.35% year-on-year [1] - Year-to-date revenue (first three quarters): 810 million yuan, up 30.33% year-on-year [1] - Year-to-date net profit (first three quarters): 36.33 million yuan, up 54.32% year-on-year [1]

格隆汇10月23日丨高铁电气发布三季度财报显示，2025年第三季度实现营业收入2.77亿元，同比增长 44.51%；归属于上市公司股东的净利润791.56万元，同比增长242.35%。前三季度实现营业收入8.1亿 元，同比增长30.33%；归属于上市公司股东的净利润3632.95万元，同比增长54.32%。 ...

格隆汇10月23日丨高铁电气(688285.SH)公布，公司前三季度实现营业收入8.1亿元，同比增长30.33%； 归属于上市公司股东的净利润3632.95万元，同比增长54.32%；归属于上市公司股东的扣除非经常性损 益的净利润3308.01万元，同比增长92.15%；基本每股收益0.0965元。 ...

高铁电气公告，第三季度营收为2.77亿元，同比增长44.51%；净利润为791.56万元，同比增长 242.35%。前三季度营收为8.1亿元，同比增长30.33%；净利润为3632.95万元，同比增长54.32%。 ...

Core Viewpoint - The rail transit equipment sector experienced a decline of 0.44% on October 22, with major stocks like Times Electric leading the drop, while the overall market indices also showed slight decreases [1] Market Performance - The Shanghai Composite Index closed at 3913.76, down 0.07% - The Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance in Rail Transit Equipment Sector - 九州一轨 (Code: 688485) closed at 15.68, up 9.42% with a trading volume of 85,700 shares and a transaction value of 130 million yuan - 交大铁发 (Code: 920027) closed at 27.29, up 2.29% with a trading volume of 20,900 shares and a transaction value of 57.17 million yuan - 神州高铁 (Code: 000008) closed at 2.92, up 1.04% with a trading volume of 656,300 shares and a transaction value of 192 million yuan - 铁大科技 (Code: 920541) closed at 15.71, up 1.03% with a trading volume of 28,400 shares and a transaction value of 4.49 million yuan - 高铁电气 (Code: 688285) closed at 9.10, up 1.00% with a trading volume of 27,900 shares and a transaction value of 2.53 million yuan - 科安达 (Code: 002972) closed at 12.81, up 0.95% with a trading volume of 44,200 shares and a transaction value of 56.51 million yuan - 朗进科技 (Code: 300594) closed at 18.36, up 0.82% with a trading volume of 24,300 shares and a transaction value of 44.58 million yuan - 鼎汉技术 (Code: 300011) closed at 7.92, up 0.76% with a trading volume of 67,300 shares and a transaction value of 53.40 million yuan - 康尼机电 (Code: 603111) closed at 7.94, up 0.76% with a trading volume of 98,600 shares and a transaction value of 78.53 million yuan - 交大思诺 (Code: 300851) closed at 27.30, up 0.66% with a trading volume of 8,460 shares and a transaction value of 23.05 million yuan [1] Capital Flow Analysis - The rail transit equipment sector saw a net outflow of 211 million yuan from institutional investors - Retail investors contributed a net inflow of 129 million yuan, while speculative funds saw a net inflow of 82.54 million yuan [1]

Core Viewpoint - A total of 20 A-share companies are undergoing equity registration today, with notable dividend distributions from specific companies [1] Group 1: Dividend Distribution - Dameng Data is distributing the highest dividend, offering 6.00 yuan per 10 shares [1] - Dayuan Pump Industry is providing a dividend of 5.00 yuan per 10 shares [1] - Sany Heavy Industry is issuing a dividend of 3.10 yuan per 10 shares [1]

证券代码：688285 证券简称：高铁电气 公告编号：2025-032 中铁高铁电气装备股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 回复：您好，公司核心产品主要为电气化铁路接触网产品及城市 轨道交通供电设备。2025 年上半年，公司在高速铁路市场主要承揽 广州至湛江高速铁路、北京至香港高速铁路九江至南昌段、重庆至昆 明高速铁路、新建阜阳至蒙城至宿州（淮北）铁路等项目；客运专线 市场主要承揽成渝中线铁路（含十陵南站）四川段、沈阳至白河高铁 沈阳枢纽改建工程、胜利能源西一号矿铁路专用线等项目；普速铁路 市场主要承揽玉溪市大化产业园区铁路专用线、威红线红果站接触网 设备整体大修工程、陇海铁路接触网大修工程、钦州东至钦州港铁路 增建二线工程等；城市轨道交通市场主要承揽宁波地铁 6 号线、厦 门市轨道交通 3 号线南延段、福州市轨道交通 6 号线东调段、南昌轨 道交通 1 号线北延、东延及 2 号线东延等。此外，在"第二曲线"方 面，公司在新能源汽车领域持续与西安双特智能传动有限公司、山东 彼岸电力科技有限公司、江苏恒高电气制造有限公司等客户保持稳定 合作，同时积极开展市场开发工作，新增客户——宝鸡 ...

Core Viewpoint - High-speed Electric aims to strengthen its position as a leading state-owned enterprise by focusing on "hard technology" and leveraging technological innovation as its primary driving force since its listing on the Sci-Tech Innovation Board [2][3]. R&D Investment and Talent Development - The company views R&D investment as the "lifeline" of its hard technology attributes, maintaining a high R&D expense ratio of 5.17% in 2024, up by 0.21 percentage points year-on-year [3]. - In the first half of 2025, the R&D investment ratio was 3.95%, focusing on key areas such as high-speed traction power supply and intelligent operation and maintenance [3]. - High-speed Electric has established a talent system comprising high-level experts and a youth R&D team, with 5 experts and 13 top talents in the electrification field [3]. Technological Breakthroughs - The company has developed a rigid catenary technology for speeds of 200 km/h, addressing long-standing key pain points in the field [4]. - It has also created core components such as high-speed rigid cantilever support devices and lightweight high-speed expansion joints [4]. Strategic Goals and Market Positioning - High-speed Electric aims to achieve "full specifications, higher speeds, intelligence, and upstream and downstream collaboration" in technology, aligning with the "14th Five-Year Plan" for developing new quality productivity [5]. - The company is focused on integrating advanced technologies with its resources in the rail transit sector to accelerate the development of intelligent monitoring and maintenance, as well as fire safety in electrical equipment [5]. Application of Hard Technology - High-speed Electric emphasizes the transformation of hard technology from "laboratory" to "application field" by collaborating with research institutions to promote the conversion of technological achievements into products [8]. - The company has completed the construction of a technology industrial park, enhancing production capacity and manufacturing technology [8]. Green and Sustainable Practices - The company integrates green concepts throughout its production chain, promoting a transition to "low energy consumption, low emissions, and high efficiency" [9]. - High-speed Electric employs "full lifecycle green design" in product development, using recyclable and environmentally friendly materials [9]. Future Development Strategy - During the "15th Five-Year Plan" period, High-speed Electric will leverage "assets, capital, and technology" to drive high-quality development [11]. - The company plans to maintain its leading position in rail transit power supply equipment through technological innovation and capital operations, while also exploring new markets outside the rail sector [12].