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]

Core Insights - The consumer electronics industry is showing signs of recovery, with 80 out of 101 companies reporting revenue growth year-on-year, and 35 companies achieving over 20% growth [1] - Industrial Fulian leads the sector with significant revenue and profit growth, achieving 360.76 billion yuan in revenue and 12.11 billion yuan in net profit for the first half of 2025, marking a year-on-year increase of 35.58% and 38.61% respectively [2] - The emergence of "dark horse" companies is notable, with several firms reporting revenue growth exceeding 50%, particularly those focused on AI applications [4] Industry Performance - The consumer electronics sector has 22 companies with revenues exceeding 10 billion yuan, with notable performances from companies like Luxshare Precision and Hikvision, which reported revenues of 124.50 billion yuan and 41.82 billion yuan respectively [3] - A total of 14 companies reported net profit growth exceeding 100%, with Qianfang Technology and Silan Micro achieving remarkable increases of 1287.12% and 1162.42% in net profit [5] AI Impact - AI technology is driving new growth points in the consumer electronics industry, with products like AI smartphones and smart home devices gaining traction [6] - The short-term effects of AI-related investments are evident, particularly for companies that have early adopted AI technologies [6] Market Disparities - Despite the overall recovery, there is a clear divergence within the industry, with 16 companies reporting a decline in net profit exceeding 30% [7] - Companies like AOC Technology and OFILM have reported losses, with AOC's net profit dropping to -0.49 billion yuan from a profit of 0.05 billion yuan in the previous year [7] Competitive Landscape - The competitive environment is intense, with leading companies capturing a significant market share, making it challenging for smaller firms to compete effectively [8]

证券日报网讯千方科技（002373）8月25日在互动平台回答投资者提问时表示，截至2025年8月20日公司 股东人数为84119户。 ...

Summary of Key Points Core Viewpoint - As of August 25, 1687 companies have released their semi-annual reports for 2025, with 977 reporting a year-on-year increase in net profit, while 710 reported a decline. Additionally, 1039 companies saw an increase in operating revenue, while 648 experienced a decrease. A total of 771 companies reported simultaneous growth in both net profit and operating revenue, while 442 companies saw declines in both metrics. Notably, 228 companies achieved a doubling of their performance, with Xinte Electric showing the highest increase at 49775.01% [1]. Company Performance - Xinte Electric (301120) reported earnings per share of 0.0100, with a net profit of 532.87 million and a year-on-year increase of 49775.01%. Its operating revenue reached 19265.03 million, reflecting a 16.10% increase [1]. - Fujilay (301258) achieved a net profit of 4307.66 million, with a year-on-year increase of 12430.96% and operating revenue of 22390.97 million, up by 3.36% [1]. - Taiji Holdings (300046) reported a net profit of 3972.84 million, with a year-on-year increase of 3789.41% and operating revenue of 17878.78 million, up by 4.18% [1]. - Other notable companies include: - Lian Di Xin (839790) with a net profit of 1012.23 million, a year-on-year increase of 3149.79%, but a decline in operating revenue by 8.10% [1]. - Shanda Holdings (603086) reported a net profit of 13603.97 million, with a year-on-year increase of 2561.58% and operating revenue of 142261.73 million, up by 11.82% [1]. Revenue and Profit Trends - A total of 771 companies reported simultaneous growth in both net profit and operating revenue, indicating a positive trend in the market [1]. - Conversely, 442 companies experienced declines in both metrics, highlighting potential challenges within certain sectors [1]. - The overall performance of companies shows a mixed landscape, with significant outliers achieving extraordinary growth while others face difficulties [1].

针对上述提问，千方科技回应称："您好，感谢您的关注，公司近年一直致力于跟踪、推进高质量、数 字化融合方向的项目标的。您提及的项目涉及金额应为1.12亿元，公司如能参与其中，将对业绩有一定 的帮助。"责任编辑：栎树 金融界8月25日消息，有投资者在互动平台向千方科技提问："近日公司参股的公司吉林省科维中标吉林 省高速公路视频监测优化提升工程和传输系统接入层升级改造续建工程JD01标段，标段中标金额11.16 亿元，此项目对公司经营与业绩有何积极影响？" ...

Core Insights - The company reported a total revenue of 3.31 billion yuan for the first half of 2025, a year-on-year decrease of 7.21%, while net profit reached 170 million yuan, reflecting a significant year-on-year increase of 1287.12% due to growth in the smart IoT business and fair value changes [1] Smart Transportation - Transitioning from "project integration" to "technology products + ecological operation" with significant technological breakthroughs, including the launch of a domestic large model-driven urban traffic optimization platform and the first portable mobile terminal road patrol and intelligent monitoring solution for road diseases [1] - Successful project bids include the smart traffic command center integration project in Wuhan and the new smart city project in Changchun, reinforcing the provincial TOCC market [1] - Revenue from traffic cloud and industry software reached 250 million yuan, with a year-on-year growth rate exceeding 90%, indicating significant success in product transformation [1] Smart IoT - Deep integration of AIoT with industry large models, establishing a "cloud-edge-end" collaborative AIoT intelligent body, and launching the Agent Link computing chain technology [2] - Expansion of industry applications, including partnerships for smart logistics ports and digital twin platforms, with overseas revenue reaching 1.19 billion yuan, a year-on-year increase of approximately 10% [2] - New scene business developments include strategic collaborations for urban emergency and security patrols, along with the introduction of a digital health solution in partnership with Zhejiang Sports Science Institute [2] Investment Outlook - The company is a leader in the smart IoT and smart transportation sectors, with a strong market position and promising growth potential in these areas. Projected net profits for 2025-2027 are estimated at 303 million, 490 million, and 675 million yuan, respectively, with corresponding PE ratios of 61X, 38X, and 27X [2]

Summary of Key Points Core Viewpoint - The major shareholder, Beijing Qianfang Technology Co., Ltd., has completed its share reduction plan, reducing its stake in Hangzhou Hongquan Internet of Things Technology Co., Ltd. by 3% of the total share capital, resulting in a current holding of 11,921,054 shares, or 11.80% of the total shares [1][4]. Group 1: Shareholder Information - Before the reduction, Beijing Qianfang Technology held 14,952,369 shares, representing 14.80% of the total share capital [1][2]. - The shares were acquired through an agreement transfer prior to the IPO of Beijing Beida Qianfang Technology Co., Ltd. [1]. Group 2: Reduction Plan Implementation - The reduction plan was announced on April 29, 2025, and the actual reduction occurred from June 24, 2025, to August 22, 2025 [3][4]. - The total number of shares reduced was 3,031,315, which is exactly 3.00% of the total share capital [3][4]. Group 3: Reduction Method and Financials - The reduction was executed through two methods: 1,010,438 shares via centralized bidding and 2,020,877 shares through block trading [4]. - The reduction price ranged from 25.54 to 32.06 CNY per share, totaling approximately 82,972,587.05 CNY [4].