Group 1 - The stock price of Zhonghe Technology closed at 7.73 yuan on July 31, 2025, down 1.02% from the previous trading day, with a trading volume of 105 million yuan [1] - The stock price fluctuated between 7.70 and 7.88 yuan, with an amplitude of 2.30% [1] - The company specializes in rail transit signal systems and intelligent equipment manufacturing [1] Group 2 - On July 30, Zhonghe Technology hosted a research meeting with 10 institutions, including CICC Asset Management and Hangyin Wealth Management, focusing on the development plan for spatial information business and recent progress in the low-altitude economy [1] - Over the past year, the company has received a total of 58 institutional research visits involving 55 investment institutions [1] Group 3 - The net outflow of main funds on the same day was 6.71 million yuan, accounting for 0.13% of the circulating market value [2] - The current price-to-earnings ratio of the company is -26.16, and the price-to-book ratio is 1.56 [2]

（文章来源：每日经济新闻） 众合科技（SZ 000925，收盘价：7.73元）发布公告称，2025年7月30日，众合科技接受中金资管等投资 者调研，公司副总裁兼董事会秘书何俊丽回答了投资者提出的问题。 ...

Group 1: Company Overview and Business Focus - The company focuses on spatial information business, aiming to create a "three-dimensional transportation" main scene with autonomous industrial software as the core foundation [3] - It provides key equipment, materials, smart data operation services, and overall system solutions for underground (rail transit), ground (vehicle-road-cloud collaborative network), low-altitude (airspace management network), and low-orbit satellites [3] Group 2: Future Development Directions - The company targets low-altitude and low-orbit satellite fields for future growth, establishing a research institute dedicated to key technologies such as drone flight control and airspace management [3] - Core products include UniTFCC three-dimensional flight control computer, UniPort smart takeoff and landing field, and UniSpace low-altitude comprehensive service platform [3] - Key application scenarios focus on low-altitude government inspections, emergency services, and medical transportation [3] Group 3: Progress in Low-altitude Business - The three-dimensional flight control safety computer is undergoing ground and flight testing with partners [3] - The company and its subsidiary have initiated low-altitude comprehensive management services and governance system projects in various locations, with some projects in trial operation [3] Group 4: Investor Q&A Insights - The company sees significant market potential in low-altitude and low-orbit sectors, which are aligned with national strategies and are entering a rapid development phase [3] - There are four key similarities between rail transit, low-altitude, and low-orbit sectors: management methods, technical principles, safety guarantees, and complementary application scenarios [3] - The company leverages its long-term experience in rail transit to extend its technological capabilities into low-altitude and low-orbit fields through a "platform generalization + scenario customization" approach [3]

Group 1 - The establishment of Kongtian Zhonghe Venture Capital (Wuxi) Partnership (Limited Partnership) has been reported, with a registered capital of 50.05 million yuan [1] - The legal representative of the new company is Zhejiang Zhixing Train Technology Co., Ltd., and its business scope includes equity investment and venture capital, specifically limited to investing in unlisted companies [1] - The company is jointly held by Zhonghe Technology, Taihu Aerospace Power Research Institute (Wuxi) Co., Ltd., and Shaanxi Aerospace Power Investment Management Co., Ltd. [1]

证券之星消息，7月30日轨交设备板块较上一交易日下跌0.27%，长青科技领跌。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。轨交设备板块个股涨跌见下表： 从资金流向上来看，当日轨交设备板块主力资金净流出2.97亿元，游资资金净流入7983.92万元，散户资 金净流入2.18亿元。轨交设备板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301016 | 雷尔伟 | 17.79 | 1.83% | 7.95万 | | 1.40亿 | | 301048 | 全唐重工 | 11.30 | 0.71% | 10.31万 | | + 1.16亿 | | 601766 | 中国中车 | 7.54 | 0.67% | 69.52万 | | 5.25亿 | | 920027 | 交大铁发 | 29.18 | 0.55% | 1.40万 | | 4070.16万 | | 000008 | 神州高铁 | 2.84 | 0. ...

Group 1 - The core viewpoint of the articles highlights that Zhonghe Technology (000925) has shown significant improvement in its financial performance for the first half of 2025, with overall revenue increasing compared to the same period last year and a 12% reduction in net losses to 27 million [1] - The company's two main business segments, smart transportation and semiconductor monocrystalline silicon materials, have both achieved impressive results, contributing to the growth in revenue and overall gross profit [1] - Cost control measures have been effective, with reductions in R&D expenses, stock incentive costs, and management expenses, leading to improved profitability while maintaining business growth [1] Group 2 - Zhonghe Technology's strategic layout is providing strong momentum for future development, focusing on rail transportation and emerging low-altitude and low-orbit sectors [2] - The establishment of an industrial research institute is aimed at advancing drone flight control and airspace management, expanding the application of spatial information technology [2] - With over a decade of experience in the rail transportation sector, the company has implemented 65 subway and regional railway projects across 28 cities, and is now concentrating on low-altitude and commercial satellite fields to create a comprehensive "air-ground-space transportation" ecosystem [2]

[2025 Semi-Annual Performance Forecast](index=1&type=section&id=Zhejiang%20Join%20Science%20and%20Technology%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a reduced net loss for H1 2025, with net profit attributable to shareholders expected to improve by 12%-27% year-over-year 2025 Semi-Annual Performance Forecast | Item | Current Period (2025.1.1 - 2025.6.30) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: 65.00 million CNY – 78.00 million CNY | Loss: 88.6574 million CNY | | Year-over-Year Change | Loss Narrowed (Up 12% - 27%) | - | | **Net Profit After Non-Recurring Items** | Loss: 71.00 million CNY – 84.00 million CNY | Loss: 94.2109 million CNY | | Year-over-Year Change | Loss Narrowed (Up 11% - 25%) | - | | **Basic Earnings Per Share** | Loss: 0.10 CNY/share – 0.12 CNY/share | Loss: 0.16 CNY/share | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The performance forecast remains unaudited by certified public accountants, indicating potential uncertainties in the reported figures - This performance forecast has not been pre-audited by a certified public accountant[3](index=3&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The narrowed loss is primarily due to increased main business revenue, effective cost control, and higher software product tax refunds, with steady growth in key segments - Main business growth: Smart transportation business saw year-over-year growth in new order delivery scale, and semiconductor monocrystalline silicon material business maintained steady development, jointly driving an increase in overall company revenue and gross profit year-over-year[4](index=4&type=chunk) - Cost and expense control: The company continuously strengthened cost management, with research and development expenses, equity incentive expenses, and management expenses all decreasing year-over-year during the reporting period[4](index=4&type=chunk) - Increase in other income: During the reporting period, the amount of tax refunds for eligible software products increased compared to the prior year, positively impacting current period profit[4](index=4&type=chunk) [Other Relevant Information](index=1&type=section&id=IV.%20Other%20Relevant%20Information) Investors are advised that this preliminary, unaudited forecast will be finalized in the 2025 Semi-Annual Report, with official disclosure channels specified - This performance forecast is a preliminary estimate by the company's finance department, unaudited by auditing firms, and specific performance data will be subject to the company's '2025 Semi-Annual Report'[5](index=5&type=chunk)[6](index=6&type=chunk) - The company's designated information disclosure media are Securities Times, Shanghai Securities News, and Juchao Information Network (www.cninfo.com.cn)[6](index=6&type=chunk)

浙江众合科技股份有限公司（以下简称"众合科技"或"公司"）聚焦"空 间信息战略"，致力于构建"地下-地面-低空-低轨"四位一体的空间信息产业生 态，旨在成为国内领先的空间信息产业核心国产化软件和整体解决方案提供商。 为促进公司空间信息产业的快速、稳健、可持续发展，公司计划出资 1,900 万元 人民币，与专业投资机构陕西空天宏远创业投资管理有限公司（以下简称"空天 宏远"）、浙江智星列车科技有限公司、陕西空天动力投资管理有限公司、太湖 空天动力研究院（无锡）有限公司共同投资设立空天众合创业投资（无锡）合伙 企业（有限合伙）（以下简称"空天创投基金"或"合伙企业"），空天创投基 金规模 5,005 万元。最终以工商行政管理部门核准登记的为准。 二、对外投资审议程序 本次对外投资已经公司总裁办公会审议通过。根据《深圳证券交易所股票上 市规则》《深圳证券交易所上市公司自律监管指引第1号——主板上市公司规范 运作》《深圳证券交易所上市公司自律监管指引第7号——交易与关联交易》等 相关规定，本次对外投资无需提交董事会审议。 证券代码：000925 证券简称：众合科技 公告编号：临 2025—047 浙江众合科技股份有限 ...

Group 1: Company Overview and Strategic Focus - Zhejiang Zhonghe Technology Co., Ltd. focuses on spatial information strategy, aiming to create a "three-dimensional transportation" scenario with autonomous industrial software as the core foundation [3] - The company has established a comprehensive transportation network integrating underground (rail transit), ground (vehicle-road-cloud collaboration), low-altitude (airspace management), and low-orbit satellite systems [3] - The company has over 10 years of experience in the rail transit sector, covering 28 cities including Hangzhou, Zhengzhou, Xi'an, and Shenzhen [3] Group 2: Achievements in Rail Transit - The company has implemented 65 domestic rail and urban rail (CBTC+FAO) projects, totaling 1,950 kilometers [3] - It has completed 58 automatic ticketing systems (AFC) projects, serving over 1,000 stations [3] Group 3: Future Development Directions - The low-altitude and low-orbit satellite sectors are identified as future growth areas, with the establishment of the Spatial-Temporal Transportation Industry Research Institute focusing on key technologies such as drone flight control and airspace management [3] - The company has launched three core products: UniTFCC flight control computer, UniPort smart takeoff and landing field, and UniSpace low-altitude comprehensive service platform [3] Group 4: Market Potential and Business Synergy - The low-altitude and low-orbit sectors present significant market opportunities and are aligned with national strategies, entering a rapid development phase [3] - The company leverages its long-term experience in rail transit to extend its capabilities into low-altitude and low-orbit sectors through a "platform generalization + scenario customization" approach [3]

证券代码：000925 证券简称：众合科技 公告编号：临 2025-046 二〇二五年七月一日 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号—回购股份》等有关规定，公司应当于每个月的前三个交易日内披露截至上 月末的回购进展情况。现将公司回购股份进展情况公告如下： 截至 2025 年 6 月 30 日，公司通过回购专用证券账户，以集中竞价方式累计 回购了 3,274,600 股，占公司目前总股本的 0.48%，其中最高成交价为 7.64 元/ 股，最低成交价为 7.40 元/股，合计成交总金额为 24,620,654.00 元（不含印花 税、交易佣金等交易费用），本次回购符合相关法律法规的要求，符合公司既定 的回购方案。 公司后续将根据市场情况在回购期限内继续实施回购计划，并根据相关法律 法规的规定及时履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 浙江众合科技股份有限公司 董 事 会 浙江众合科技股份有限公司 关于股份回购进展情况的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 浙江众合科技股份有限公司（以下简称" ...