九州一轨公告，公司与中国电建集团成都勘测设计研究院有限公司基础设施分公司于2025年9月15日签 订了战略合作协议。双方将在轨道交通领域展开市场开发、项目履约、技术交流等方面的长期合作，促 进轨道交通板块业务的深度合作，构建可持续发展的战略合作关系。此次合作旨在充分发挥各自的技术 和市场优势，遵循优势互补、资源共享、协同创新、互利共赢的原则，共同推动轨道交通领域的发展。 协议为框架性约定，不涉及具体金额，预计不会对公司2025年业绩产生重大影响。 ...

Core Viewpoint - 九州一轨 (688485) reported a decline in total revenue for the first half of 2025, but showed improvement in profitability metrics such as gross margin and net margin compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 was 87.74 million yuan, a decrease of 24.58% year-on-year [1] - The net profit attributable to shareholders was -2.13 million yuan, an improvement of 86.21% year-on-year [1] - In Q2 2025, total revenue was 61.68 million yuan, down 11.14% year-on-year, while net profit attributable to shareholders was 3.89 million yuan, up 144.28% year-on-year [1] - Gross margin increased by 55.34% year-on-year, reaching 38.18%, while net margin improved by 70.37% to -4.03% [1] Cost and Efficiency Metrics - Total selling, administrative, and financial expenses amounted to 22.36 million yuan, accounting for 25.49% of revenue, an increase of 19.29% year-on-year [1] - The company’s earnings per share improved to -0.01 yuan, a 90.91% increase year-on-year [1] - Operating cash flow per share was -0.28 yuan, reflecting a 60.88% improvement year-on-year [1] Debt and Asset Management - Cash assets were reported at 501 million yuan, a 21.30% increase year-on-year [1] - Accounts receivable decreased by 9.61% year-on-year, amounting to 439 million yuan [1] - Interest-bearing debt significantly decreased by 77.98% to 3.30 million yuan [1] Business Model and Strategy - The company relies on R&D, marketing, and capital expenditure for its performance, necessitating careful evaluation of capital projects [2] - The company has a strong cash position, indicating good debt repayment capability [2] Company Background - 九州一轨 was established in July 2010, focusing on noise and vibration pollution prevention in rail transit [4] - The company has developed a mixed ownership structure involving state capital, research institutions, and venture capital, enhancing its R&D capabilities [4] - It became the first rail transit acoustic environmental protection company to be listed on the Sci-Tech Innovation Board in January 2023, marking a new phase of high-quality development [4]

一、持续督导工作情况 1 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 5 | 通过日常沟通、定期回访、现场检查、尽职调查等 方式开展持续督导工作 | | | | | 保荐机构通过日常沟通、定 期或不定期回访、现场检查 | | | | 等方式，了解九州一轨业务 | | | | 情况，对九州一轨开展了持 | | | | 续督导工作 | | 6 | 督导上市公司及其董事、监事、高级管理人员遵守 法律、法规、部门规章和上海证券交易所发布的业 | 保荐机构敦促上市公司及其 董事、监事、高级管理人员遵 | | | | 守法律、法规、部门规章要求 | | | 务规则及其他规范性文件，并切实履行其所做的各 | ，切实履行起所做出的各项 | | | 项承诺 | 承诺 | | 7 | 督导上市公司建立健全并有效执行公司治理制度， | 保荐机构敦促九州一轨持续 | | | 包括但不限于股东大会、董事会、监事会议事规则 | 健全完善公司治理制度，严 | | | 以及董事、监事和高级管理人员的行为规范等 | 格执行公司治理制度 | | 8 | 督导上市公司建立健全并有效执行内控制度，包括 ...

Meeting Details - The second meeting of the second supervisory board of Beijing Jiuzhou Yigui Environmental Technology Co., Ltd. was held on August 27, 2025, via a combination of telecommunication and on-site methods [1] - The meeting was attended by all three supervisory board members, with Liu Jinghua presiding [1] Resolutions Passed - The supervisory board approved the internal audit work report for the second quarter of 2025, with a unanimous vote of 3 in favor [1] - The supervisory board also approved the full and summary report for the first half of 2025, confirming that the report's preparation and review procedures complied with relevant laws and regulations, and accurately reflected the company's operational and financial status [2]

（一）审议通过了《关于审议公司2025年第二季度内部审计工作报告的议案 》 表决结果：同意3票，反对0票，弃权0票。 证券代码：688485 证券简称：九州一轨 公告编号：2025-049 北京九州一轨环境科技股份有限公司 第二届监事会第二十五次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 北京九州一轨环境科技股份有限公司（以下简称"公司"）第二届监事会第 二十五次会议于2025年8月27日以通讯会议结合现场方式召开。会议应参加表决 监事3人，实际参加表决监事3人，监事会主席刘京华女士主持本次会议。本次会 议的召集、召开和表决程序符合《中华人民共和国公司法》《上海证券交易所科 创板股票上市规则》等相关法律、行政法规、规范性文件及《北京九州一轨环境 科技股份有限公司章程》的有关规定。 二、监事会会议审议情况 与会监事审议表决通过以下事项： 2 （二）审议通过了《关于审议公司2025年半年度报告全文及摘要的议案》 监事会针对定期报告的书面审核意见：公司2025年半年度报告全文及其摘要 的 ...

[Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This section provides important notices regarding the report's authenticity, audit status, and forward-looking statements - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, and bear individual and joint legal liabilities[3](index=3&type=chunk) - This semi-annual report has not been audited[4](index=4&type=chunk) - There is no profit distribution plan or capital reserve to share capital increase plan for the current reporting period approved by the board of directors[5](index=5&type=chunk) - Forward-looking statements in this report, such as future plans and development strategies, do not constitute substantial commitments to investors; investors are advised to be aware of investment risks[5](index=5&type=chunk) [Section I Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines key terms and abbreviations used throughout the report - Jiuzhou Yigui, the Company refers to Beijing Jiuzhou Yigui Environmental Technology Co., Ltd[13](index=13&type=chunk) - The report defines laws and regulations such as the 'Noise Pollution Prevention and Control Law' and the 'Noise Pollution Prevention and Control Action Plan', as well as abbreviations for several investment institutions[13](index=13&type=chunk) [Section II Company Profile and Key Financial Indicators](index=4&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section presents the company's basic information and key financial performance indicators - The company's Chinese name is Beijing Jiuzhou Yigui Environmental Technology Co., Ltd., abbreviated as Jiuzhou Yigui, stock code **688485**, listed on the STAR Market of the Shanghai Stock Exchange[11](index=11&type=chunk)[16](index=16&type=chunk) - During the reporting period, the company's total profit, net profit attributable to shareholders of the listed company, and net profit after deducting non-recurring gains and losses all significantly increased compared to the same period last year, mainly due to increased gross profit and reduced credit and asset impairment losses[18](index=18&type=chunk) - The proportion of R&D investment to operating revenue increased from **9.40%** in the same period last year to **13.84%** in the current reporting period, an increase of **4.44 percentage points**[18](index=18&type=chunk) [I. Company Basic Information](index=4&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Outlines the company's registration information, including legal name, representative, and addresses - The company's legal representative is Cao Weidong, and its registered address is No. 32 Guangmao Road, Douzian Town, Fangshan District, Beijing[11](index=11&type=chunk) [II. Contact Person and Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) Provides contact details for the Board Secretary and Securities Affairs Representative - The Board Secretary (domestic representative for information disclosure) is Zhang Kan, and the Securities Affairs Representative is Lin Jing; both can be reached at **010-83682662**[12](index=12&type=chunk)[14](index=14&type=chunk) [III. Information Disclosure and Document Storage Location Changes](index=5&type=section&id=%E4%B8%89%E3%80%81%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) Specifies information disclosure channels and report storage locations - The company's designated newspapers for information disclosure are China Securities Journal, Shanghai Securities News, Securities Times, and Securities Daily; the website for the semi-annual report is **www.sse.com.cn**[15](index=15&type=chunk) [IV. Company Stock/Depositary Receipt Overview](index=5&type=section&id=%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%2F%E5%AD%98%E6%89%98%E5%87%AD%E8%AF%81%E7%AE%80%E5%86%B5) Introduces the company's stock type, listing exchange, abbreviation, and code - The company's stock is A-shares, listed on the STAR Market of the Shanghai Stock Exchange, with stock abbreviation Jiuzhou Yigui and stock code **688485**[16](index=16&type=chunk) [VI. Company Key Accounting Data and Financial Indicators](index=5&type=section&id=%E5%85%AD%E3%80%81%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Discloses key accounting data and financial indicators for the reporting period, highlighting profit improvements 2025年半年度主要会计数据 | Indicator | Current Period (Jan-Jun) (RMB) | Prior Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 87,740,688.38 | 116,340,065.73 | -24.58 | | Total Profit | -5,555,165.65 | -19,015,966.82 | Not applicable | | Net Profit Attributable to Shareholders of the Listed Company | -2,133,137.86 | -15,473,031.96 | Not applicable | | Net Cash Flow from Operating Activities | -41,714,746.14 | -106,620,513.14 | Not applicable | | Net Assets Attributable to Shareholders of the Listed Company (Period End) | 1,267,384,899.13 | 1,272,872,194.27 | -0.43 | | Total Assets (Period End) | 1,449,912,220.12 | 1,468,648,520.15 | -1.28 | 2025年半年度主要财务指标 | Indicator | Current Period (Jan-Jun) | Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | -0.01 | -0.11 | Not applicable | | Diluted Earnings Per Share (RMB/share) | -0.01 | -0.11 | Not applicable | | Basic Earnings Per Share After Non-recurring Gains/Losses (RMB/share) | -0.02 | -0.13 | Not applicable | | Weighted Average Return on Net Assets (%) | -0.17 | -1.18 | increased by **1.01 percentage points** | | Proportion of R&D Investment to Operating Revenue (%) | 13.84 | 9.40 | increased by **4.44 percentage points** | - Total profit, net profit attributable to shareholders of the listed company, and net profit after deducting non-recurring gains and losses increased by **13.46 million RMB**, **13.34 million RMB**, and **15.37 million RMB** respectively compared to the same period last year, mainly due to an increase in gross profit of **7.93 million RMB** and a decrease in credit and asset impairment losses of **6.23 million RMB**[18](index=18&type=chunk) [VIII. Non-recurring Gains and Losses Items and Amounts](index=6&type=section&id=%E5%85%AB%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Details the company's non-recurring gains and losses items and their amounts for the reporting period, totaling **1.03 million RMB** 2025年半年度非经常性损益项目和金额 | Non-recurring Gain/Loss Item | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 66,146.65 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets and Liabilities Held by

北京九州一轨环境科技股份有限公司 关于公司 2025 年半年度计提减值准备的公告 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。 一、2025 年半年度计提减值准备情况概述 根据《企业会计准则》及北京九州一轨环境科技股份有限公司（以下简称"公 司"）的会计政策、会计估计的相关规定，为客观、公允地反映公司 2025 年半 年度的财务状况及经营成果，基于谨慎性原则，公司对截至 2025 年 6 月 30 日合 并报表范围内可能发生信用及资产减值损失的有关资产计提减值准备，确认信用 减值损失和资产减值损失共计 592.20 万元，具体情况如下表所示： 证券代码：688485 证券简称：九州一轨 公告编号：2025-051 款项减值损失变动。 （二）资产减值损失 合同资产以及其他非流动资产中的合同资产预期信用损失的确定方法，参照 公司金融工具有关金融资产减值会计政策，在资产负债表日根据预期信用损失率 计算确认合同资产预期信用损失。经测试，本次需计提资产减值损失金额共计 10.85 万元。 三、计提减值准备对公司的影响 公司 2025 ...

证券代码：688485 证券简称：九州一轨 公告编号：2025-050 根据中国证券监督管理委员会《上市公司募集资金监管规则》（证监会公告 〔2025〕10号）和上海证券交易所印发的《上海证券交易所科创板上市公司自律 监管指引第1号——规范运作（2025年5月修订）》（上证发〔2025〕69号）等相 关规定，现将北京九州一轨环境科技股份有限公司（以下简称"九州一轨"或" 公司"）2025年半年度募集资金存放与使用情况作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于同意北京九州一轨环境科技股份有限公 司首次公开发行股票注册的批复》（证监许可〔2022〕3102号），公司由主承销 商国金证券股份有限公司采用余额包销方式，向社会公众公开发行人民币普通股 （A股）股票3,757.3016万股，发行价为每股人民币17.47元，共计募集资金 65,640.06万元，坐扣承销和保荐费用5,098.08万元后的募集资金为60,541.98万 元，已由主承销商国金证券股份有限公司于2023年1月13日汇入公司募集资金监管 账户。另减除上网发行费、招股说明书印刷费、申 ...

证券简称：九州一轨 证券代码：688485 1 九州一轨 2025 年度"提质增效重回报"行动方案的半年度评估报告 北京九州一轨环境科技股份有限公司 2025年度"提质增效重回报"行动方案的 半年度评估报告 北京九州一轨环境科技股份有限公司（以下简称"公司"或"九州一轨"） 积极响应上海证券交易所关于科创板上市公司开展"提质增效重回报"的专项行 动要求，深入贯彻落实"以投资者为本"的上市公司发展理念，持续提升经营质 量、完善公司治理、强化投资者回报，于 2025 年 4 月披露了《北京九州一轨环 境科技股份有限公司 2025 年度"提质增效重回报"行动方案》，系统规划相关 举措。 近年来，公司依托深厚的技术积累和丰富的项目经验，稳步推进战略转型， 从单一的城轨减振降噪产品提供商，升级为覆盖城轨、桥梁、设备等基础设施的 智能监测综合解决方案服务商，在此过程中，基于声学研究这一核心，公司逐步 构建了"一核两翼多板块"的业务格局： 物理防治业务（一翼）：基于噪声振动污染源的物理属性，持续研发减振降 噪技术及系列产品，提供精准物理防治解决方案； 声纹诊断业务（另一翼）：基于声纹信息属性，融合人工智能、声纹大数据 和状 ...

证券代码：688485 证券简称：九州一轨 公告编号：2025-052 北京九州一轨环境科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 30 日（星期二） 09:00-10:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 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： 投资者可于 2025 年 09 月 23 日（星期二）至 09 月 29 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 jiuzhouyigui@bjjzyg.com 进行提问。公司将在说明会上对投资者普遍关注的问 题 ...