Meeting Overview - The company will hold its sixth extraordinary general meeting of shareholders in 2025 on September 8, 2025 [1] - The meeting will be convened by the board of directors of Chengdu Xinzhu Road & Bridge Machinery Co., Ltd [1] - The meeting will be conducted in a hybrid format, combining on-site and online voting [1] Voting Details - Shareholders registered by the close of trading on September 1, 2025, are eligible to attend and vote [1] - The online voting will take place from 9:15 AM to 3:00 PM on September 8, 2025 [1] - The physical meeting will be held at the company's conference room located at No. 99, Xingyuan 3rd Road, Area A, Xinjing Industrial Park, Sichuan [1] Agenda Items - The meeting will review proposals that have been approved by the company's board of directors [2][4] - Key proposals include the non-public transfer of shares held in Aowei Technology and a bank credit application [7] - Special voting arrangements will be made for minority investors and related shareholders [4][7] Registration and Participation - Registration for the meeting requires specific documentation for both corporate and individual shareholders [5] - Shareholders can register via fax if they are unable to attend in person [5] - Detailed instructions for online voting participation are provided [6]

Financial Overview - The company reported total revenue of CNY 704.20 million for the first half of 2025, a decrease from CNY 1,127.22 million in the same period of 2024, representing a decline of approximately 37.5% [4][5] - Total operating costs for the first half of 2025 were CNY 728.16 million, down from CNY 1,150.58 million in the previous year, indicating a reduction of about 36.7% [4][5] - The net loss for the first half of 2025 was CNY 21.88 million, compared to a net loss of CNY 134.48 million in the first half of 2024, showing an improvement in loss performance [5][6] Balance Sheet Highlights - As of the end of the first half of 2025, total assets amounted to CNY 14.15 billion, down from CNY 14.89 billion at the beginning of the year [2][3] - Total liabilities decreased to CNY 11.95 billion from CNY 12.63 billion, reflecting a reduction in financial obligations [3][4] - Shareholder equity totaled CNY 2.19 billion, slightly down from CNY 2.25 billion at the start of the year [3][4] Cash Flow Analysis - The net cash flow from operating activities for the first half of 2025 was CNY 81.20 million, a significant recovery from a negative cash flow of CNY 242.65 million in the same period of 2024 [6][7] - Cash and cash equivalents at the end of the reporting period stood at CNY 993.42 million, down from CNY 1.17 billion at the end of the previous year [7] Operational Metrics - The company’s gross profit margin for the first half of 2025 was approximately -3.4%, compared to -12.4% in the same period of 2024, indicating an improvement in operational efficiency [5][6] - The basic and diluted earnings per share for the first half of 2025 were both -0.0880, an improvement from -0.2373 in the first half of 2024 [5][6]

Group 1 - The resignation of Zhang Yang as Vice President and Board Secretary was due to work changes, effective upon delivery of the resignation report to the board [1][2] - Zhang Yang held 352,499 shares in the company and will continue to comply with relevant regulations regarding shareholding [1][2] - The company expressed gratitude for Zhang Yang's contributions during his tenure, particularly in promoting the company's structural adjustments for sustainable development [2] Group 2 - Chen Siyao was appointed as the new Vice President and Board Secretary, with a term lasting until the end of the current board's term [2][3] - Chen Siyao possesses the necessary professional knowledge and experience to fulfill the responsibilities of the position, meeting the regulatory requirements [2][4] - Chen Siyao does not hold any shares in the company and has no conflicts of interest with major shareholders or other executives [4]

Summary of Non-Operating Fund Occupation and Related Transactions Core Viewpoint The report provides a detailed summary of non-operating fund occupation and other related transactions for Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. for the first half of 2025, highlighting the financial interactions with related parties and the nature of these transactions. Group 1: Non-Operating Fund Occupation - The report outlines the total amount of non-operating funds occupied by the company, detailing the initial occupation amount, cumulative occurrence, and the final balance of occupied funds [1]. - It specifies the nature of the occupation, including the reasons for fund occupation and the related parties involved, such as controlling shareholders and their subsidiaries [1][2]. - The report includes a summary of the total occupied funds, categorized by the type of related parties, indicating significant financial interactions with major stakeholders [1][3]. Group 2: Related Transactions - The report lists various related transactions, including the initial transaction amounts, cumulative occurrences, and final balances for each related party involved [2][3]. - It highlights specific transactions with controlling shareholders and their subsidiaries, detailing the nature of these transactions, such as receivables and contracts [2][3]. - The report provides a comprehensive overview of the financial relationships with other related parties, emphasizing the total amounts involved in these transactions [3][4].

Core Viewpoint - Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. is undergoing significant asset restructuring, planning to exit the maglev and bridge component business while acquiring a 60% stake in Sichuan Shudao Clean Energy Group, focusing on the clean energy power generation sector. Company Overview and Financial Indicators - The company reported a revenue of approximately 704.20 million yuan, a decrease of 37.53% compared to the previous year [2] - The net profit attributable to shareholders was approximately -67.71 million yuan, an improvement of 62.91% year-on-year [2] - The total assets at the end of the reporting period were approximately 14.15 billion yuan, down 4.95% from the previous year [2] Industry Analysis - The rail transit equipment industry has high entry barriers and fewer competitors, making it a key focus for national infrastructure investment [3] - As of June 30, 2025, there were 58 cities in mainland China operating urban rail transit lines totaling 12,381.48 kilometers, with an increase of 220.70 kilometers in the first half of 2025 compared to 194.06 kilometers in the same period last year [3] - The bridge component industry is closely related to railway and highway construction, which is significantly influenced by national fixed asset investment policies [3] Business Introduction - The company's rail transit business primarily focuses on urban rail vehicle manufacturing and repair, mainly serving the Chengdu market [3] - The bridge component business is implemented by a wholly-owned subsidiary, producing essential components such as bridge bearings and expansion devices [3] Product Overview - The rail transit products include subway vehicles, modern trams, and embedded medium-low speed maglev systems [4][5] - The bridge component products consist of bridge bearings, expansion devices, and prestressed anchorage devices [6][10] Competitive Advantages - The company has established strong technical cooperation with leading research institutions, enhancing its product development capabilities [12] - It has a well-recognized brand in the bridge component industry, having received numerous awards and certifications [14] - The company maintains a robust quality control system, ensuring high product quality and stability [14] Future Outlook - The company aims to enhance its research and development capabilities in rail transit products to improve market competitiveness [12] - The clean energy sector is expected to grow, with the company positioning itself to capitalize on this trend through its acquisition of a stake in Sichuan Shudao Clean Energy Group [3]

Core Viewpoint - Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. reported a significant decline in revenue and net profit for the first half of 2025, indicating challenges in its operational performance and financial health [1][3]. Financial Performance - The company's operating revenue for the reporting period was approximately 704.20 million yuan, a decrease of 37.53% compared to 1.13 billion yuan in the same period last year [1][3]. - The net profit attributable to shareholders was a loss of approximately 67.71 million yuan, improving by 62.91% from a loss of 182.55 million yuan in the previous year [1][3]. - The net profit after deducting non-recurring gains and losses was approximately -115.04 million yuan, a 42.05% improvement from -198.52 million yuan year-on-year [1][3]. - The net cash flow from operating activities was approximately 81.20 million yuan, a significant increase of 133.46% from -242.65 million yuan in the previous year [1][3]. - Basic and diluted earnings per share were both -0.0880 yuan, an improvement of 62.92% from -0.2373 yuan in the same period last year [1][3]. Asset and Equity Position - Total assets at the end of the reporting period were approximately 14.15 billion yuan, down 4.95% from 14.89 billion yuan at the end of the previous year [3]. - The net assets attributable to shareholders were approximately 950.19 million yuan, a decrease of 6.77% from 1.02 billion yuan [3]. Shareholder Structure - The largest shareholder, Sichuan Development Rail Transit Industry Investment Co., Ltd., holds 15.90% of the shares, followed by Shudao Investment Group Co., Ltd. with 8.60% [4]. - The company became a wholly-owned subsidiary of Shudao Group as of May 16, 2025, following a transfer of shares [4][5]. Future Plans - The company plans to issue shares and pay cash to acquire 60% of Sichuan Shudao Clean Energy Group Co., Ltd. and will conduct further audits and evaluations before proceeding with the transaction [5].

Group 1 - The company held its 31st meeting of the 8th Board of Directors on August 21, 2025, via telecommunication voting, with all 9 directors present [1] - The meeting was convened by the chairman, Mr. Xiao Guanghui, and complied with relevant regulations [1] - All resolutions passed during the meeting received unanimous approval with 9 votes in favor, 0 against, and 0 abstentions [1] Group 2 - The company plans to transfer 35.90929% of its stake in Aowei Technology through a non-public agreement, which requires approval from the shareholders' meeting [3] - The company has also applied for credit from a bank, which is subject to shareholder approval [3] - Ms. Chen Siyao has been appointed as the new Vice General Manager and Board Secretary, effective from the date of the board's approval until the end of the current board's term [3]

Group 1 - The company held the 13th meeting of the 8th Supervisory Board on August 21, 2025, via telecommunication voting [1] - The meeting was convened by the chairman of the Supervisory Board, Mr. Zhang Hongying, with all 5 supervisors present [1] - The Supervisory Board unanimously approved the procedures for the preparation and review of the company's 2025 semi-annual report, confirming its compliance with legal and regulatory requirements [1] Group 2 - The Supervisory Board concluded that the report accurately reflects the company's actual situation without any false records or misleading statements [1] - The semi-annual report summary was published on August 23, 2025, in several financial newspapers and platforms [2]

Core Viewpoint - The company has appointed Ms. Chen Siyao as the new Vice General Manager and Secretary of the Board [1] Group 1 - The appointment of Ms. Chen Siyao is aimed at strengthening the company's management team [1] - This decision reflects the company's commitment to enhancing its governance structure [1]

Group 1 - The core point of the article is that Xinchu Co., Ltd. announced the approval of its 2025 semi-annual report and its summary by the 13th meeting of the 8th Supervisory Board [2] Group 2 - The announcement was made on the evening of August 22 [2] - The report and its summary were reviewed and approved during the supervisory board meeting [2]