Company Overview - Qianfang Technology, established on December 20, 2002, and listed on March 18, 2010, is located in Haidian District, Beijing. The company specializes in providing intelligent transportation solutions, travel information services, and smart city construction, with a focus on security business [1]. Financial Performance - For the first half of 2025, Qianfang Technology reported operating revenue of 3.31 billion yuan, a year-on-year decrease of 7.21%. However, the net profit attributable to shareholders increased significantly by 1287.12% to 170 million yuan [2]. - Cumulative cash dividends since the A-share listing amount to 602 million yuan, with 78.84 million yuan distributed over the past three years [3]. Stock Performance - As of September 22, Qianfang Technology's stock price increased by 2.09% to 10.73 yuan per share, with a total market capitalization of 16.955 billion yuan. The stock has seen a year-to-date increase of 5.82%, a slight increase of 0.09% over the last five trading days, a decrease of 7.66% over the last 20 days, and a rise of 15.38% over the last 60 days [1]. - The company had a net inflow of main funds amounting to 7.028 million yuan, with significant buying activity from large orders [1]. Shareholder Information - As of August 29, the number of shareholders increased to 86,300, a rise of 2.61%, while the average circulating shares per person decreased by 2.55% to 15,959 shares [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 26.2711 million shares, a decrease of 4.1459 million shares from the previous period [3].

Core Insights - The Chinese government has released a policy aimed at significantly boosting the sports industry, targeting a total scale exceeding 7 trillion yuan by 2030, with a focus on developing influential sports enterprises and events [4][6] - The policy emphasizes enhancing both supply and demand sides of the sports sector, including promoting sports events, reducing financing costs, and encouraging public participation in sports consumption [4][6] Industry Overview - The sports industry is projected to exceed 7 trillion yuan by 2030, with initiatives covering sports events, outdoor activities, winter sports, sports goods upgrades, and financial support [4][6] - The sports index reached a new high of 1940.50 points, marking a nearly 39% increase year-to-date, reflecting positive market sentiment following the policy announcement [6] Company Responses - Sanfu Outdoor reported a 15.10% increase in revenue and a 105.75% rise in net profit year-on-year, attributing growth to the favorable policy environment stimulating product sales [7] - Jinling Sports experienced a 13.60% decline in revenue but a 29.44% increase in net profit, indicating a shift in focus towards sports consumption and venue construction [8][11] - Companies like Qianfang Technology are integrating AI into sports and tourism, enhancing their business ecosystem and expanding application scenarios in major events [9][10] Market Trends - The sports consumption landscape is evolving, with companies actively pursuing smart venue upgrades and automated production lines to align with policy directions [10][11] - The rise of event-driven economic activities, such as local sports events, is significantly boosting related sectors like tourism and hospitality, creating a comprehensive consumption ecosystem [11]

Company Overview - Qianfang Technology's stock price increased by 2.56% on September 11, reaching 10.83 CNY per share, with a trading volume of 174 million CNY and a turnover rate of 1.20%, resulting in a total market capitalization of 17.113 billion CNY [1] - The company specializes in providing intelligent transportation solutions, travel information services, and smart city construction, with its main business revenue composition being 77.09% from product sales, 15.18% from solutions and value-added services, 7.55% from transportation cloud and industry software, and 0.17% from other sources [1] Financial Performance - For the first half of 2025, Qianfang Technology reported operating revenue of 3.31 billion CNY, a year-on-year decrease of 7.21%, while the net profit attributable to shareholders increased significantly by 1287.12% to 170 million CNY [2] - Cumulative cash dividends since the company's A-share listing amount to 602 million CNY, with 78.8357 million CNY distributed over the past three years [3] Shareholder Information - As of August 29, 2025, the number of shareholders of Qianfang Technology increased to 86,300, reflecting a 2.61% rise, while the average circulating shares per person decreased by 2.55% to 15,959 shares [2] - As of June 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 26.2711 million shares, a decrease of 4.1459 million shares from the previous period [3]

Group 1 - The core strategy of the company for product distribution relies heavily on offline channels, utilizing a mature offline partnership network for precise product reach and service delivery [1] - Currently, the company's online presence on major e-commerce platforms serves primarily as a brand promotion and product display window [1] - To enhance its channel matrix and expand market coverage, the company plans to collaborate with quality partners to develop specialized sales on major online platforms, aiming for scaled operations [1]

Meeting Details - The meeting was held on September 8, 2025, with a combination of on-site and online voting [2][4] - The location of the meeting was at Qianfang Building, Zhongguancun Software Park, Beijing [3] - The meeting was convened by the company's board of directors [5] Attendance - A total of 518 participants attended the meeting, representing 384,024,501 shares, which is 24.3560% of the total voting shares [8][9] - Among the attendees, 4 were present at the on-site meeting, representing 345,302,418 shares, or 21.9001% of the total voting shares [8] Resolutions Passed - The following resolutions were approved during the meeting: 1. Amendment to the Articles of Association [11] 2. Amendment to the Rules of Procedure for Shareholders' Meetings [14] 3. Amendment to the Rules of Procedure for Board Meetings [17] 4. Amendment to the Independent Director Work System [20] 5. Amendment to the Related Party Transaction Management System [24] 6. Amendment to the External Guarantee Management System [26] 7. Amendment to the Investment Management System [28] 8. Amendment to the Fundraising Management System [30] 9. Amendment to the Management of Fund Transactions with Related Parties [32] 10. Amendment to the Implementation Rules for Cumulative Voting [34] 11. Amendment to the Implementation Rules for Online Voting [37] 12. Amendment to the Compensation and Assessment Management System for Directors and Senior Management [40] 13. Abolishment of the Rules of Procedure for Supervisory Meetings and Cancellation of the Supervisory Board [42] Voting Results - The voting results for the resolutions showed a high level of approval, with most resolutions receiving over 97% approval from the voting shares [12][15][18][21][25][27][29][31][33][35][38][41][44] - The resolution to abolish the Supervisory Board received 99.4552% approval from the voting shares [44] Legal Opinion - The meeting was witnessed by lawyers from Beijing Tianyuan Law Firm, confirming that the meeting's procedures complied with relevant laws and regulations [45]

Summary of Key Points Core Viewpoint The announcement details the resolutions passed during the first extraordinary general meeting of shareholders of Beijing Qianfang Technology Co., Ltd. in 2025, highlighting the approval of various amendments to the company's governance documents. Group 1: Meeting Details - The extraordinary general meeting was held on September 8, 2025, at 15:00, combining both on-site and online voting methods [1][3][4] - A total of 518 participants attended the meeting, representing 384,024,501 shares, which is 24.3560% of the total voting shares [4][6] Group 2: Voting Results - The meeting approved the amendment to the company's articles of association with 375,176,493 votes in favor, accounting for 97.6960% of the valid votes [7][8] - The amendment to the shareholders' meeting rules was also approved with 375,368,093 votes in favor, representing 97.7459% [10][11] - The board meeting rules amendment received 374,594,122 votes in favor, which is 97.5443% [13][14] - The independent director work system amendment was approved with 374,554,422 votes in favor, or 97.5340% [17][18] - The related party transaction management system amendment was passed with 375,360,193 votes in favor, representing 97.7438% [20][21] - The external guarantee management system amendment was approved with 375,335,493 votes in favor, accounting for 97.7374% [22][23] - The investment management system amendment received 375,363,893 votes in favor, which is 97.7448% [24][25] - The fundraising management system amendment was approved with 375,361,493 votes in favor, representing 97.7442% [26][27] - The management of funds with related parties amendment was passed with 375,303,093 votes in favor, accounting for 97.7289% [28][29] - The cumulative voting implementation rules amendment received 375,333,493 votes in favor, which is 97.7369% [30][32] - The online voting implementation rules amendment was approved with 375,327,693 votes in favor, representing 97.7354% [33][35] - The amendment to the remuneration and assessment management system for directors and senior management was passed with 381,928,401 votes in favor, accounting for 99.4542% [37][38] - The proposal to abolish the supervisory board meeting rules and cancel the supervisory board was approved with 381,932,201 votes in favor, representing 99.4552% [39][41] Group 3: Legal Compliance - The meeting was conducted in accordance with relevant laws and regulations, and the legal opinions provided by the law firm confirmed the legality of the meeting's procedures and resolutions [39][40]

北京市天元律师事务所 关于北京千方科技股份有限公司 2025 年第一次临时股东大会的法律意见 京天股字（2025）第 576 号 致：北京千方科技股份有限公司 为出具本法律意见，本所律师审查了《北京千方科技股份有限公司第六届董 事会第十二次会议决议公告》《北京千方科技股份有限公司第六届监事会第十一 次会议决议公告》《北京千方科技股份有限公司关于召开 2025 年第一次临时股东 大会的通知》（以下简称"《召开股东大会通知》"），以及本所律师认为必要的其 他文件和资料，同时审查了出席现场会议股东的身份和资格、见证了本次股东大 会的召开，并参与了本次股东大会议案表决票的现场监票计票工作。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见出具日以 前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用 原则，进行了充分的核查验证，保证本法律意见所认定的事实真实、准确、完整， 所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏， 并承担相应法律责任。 本所及经办律师同意将本法律意见作为本次股东大会公告的法 ...

北京千方科技股份有限公司 2025 年第一次临时股东大会会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：002373 证券简称：千方科技 公告编号：2025-038 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会未涉及变更前次股东大会已通过的决议。 通过深圳证券交易所互联网投票系统投票的开始时间为 2025 年 9 月 8 日上 午 9:15，结束时间为 2025 年 9 月 8 日下午 3:00。 2、会议地点：北京市海淀区东北旺西路8号中关村软件园27号院千方大厦B 座1层会议室。 一、会议召开和出席情况 （1）现场会议时间：2025年9月8日（星期一）下午15:00 1、 会议召开的时间： （2）网络投票时间：2025年9月8日 通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 9 月 8 日的交 易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00。 3、会议召开方式：现场投票与网络投票相结合的方式。 4、会议召集人：公司董事会。 5、现场会议主持人：董事长夏曙东先生 ...

Group 1 - The global smart transportation market was approximately $96.1 billion in 2022 and is projected to reach $115.8 billion by 2024, with a compound annual growth rate (CAGR) of 8% [1] - The investment in smart city construction globally is expected to approach $80 billion by 2024, driven by urbanization challenges, with Asian countries having significant growth potential [3] - China's fixed asset investment in transportation increased from 2.87 trillion yuan in 2016 to 3.9 trillion yuan in 2023, with a forecast of 3.8 trillion yuan for 2024 [5][6] Group 2 - The market size of smart transportation in China grew from 97.3 billion yuan in 2016 to 236.7 billion yuan in 2023, with expectations to exceed 240 billion yuan in 2024 [7] - The comprehensive three-dimensional transportation network in China has a route mileage exceeding 260,000 kilometers, with a completion rate of about 90% [6]

Core Insights - Qianfang Technology (千方科技) reported a decline in revenue but a significant increase in net profit for the first half of 2025, indicating a potential shift in operational efficiency despite lower sales [1][2] Financial Performance - The company's operating revenue for the first half of 2025 was 3.31 billion yuan, a decrease of 7.21% compared to the same period last year [1] - Net profit attributable to shareholders reached 169.71 million yuan, marking an increase of 1287.12% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 28.16 million yuan, down 61.54% from the previous year [1] - Basic earnings per share were reported at 0.11 yuan, a significant increase from 0.01 yuan in the previous year [1] Profitability Metrics - The gross margin for the first half of 2025 was 31.19%, up by 0.17 percentage points year-on-year [2] - The net profit margin improved to 5.19%, an increase of 5.09 percentage points compared to the same period last year [2] Expense Management - Total operating expenses for the first half of 2025 were 1.11 billion yuan, a slight decrease of 1.96 million yuan from the previous year [2] - The expense ratio was 33.66%, which increased by 2.37 percentage points year-on-year [2] - Sales expenses decreased by 7.21%, while management expenses rose by 3.58%, R&D expenses increased by 1.06%, and financial expenses surged by 51.02% [2] Company Background - Qianfang Technology was founded in December 2002 and is headquartered in Beijing, specializing in intelligent transportation solutions, travel information services, and smart city construction/security [5]