Core Viewpoint - The company is actively advancing its ETC and V2X business through technological innovation and market expansion, establishing itself as a leader in the intelligent vehicle-road collaboration sector [1] Group 1: V2X Business Development - The company has developed a comprehensive V2X full-stack solution covering the entire "vehicle-road-cloud" chain [1] - It has established deep cooperative relationships with various traditional and new energy vehicle manufacturers and highway owners, enhancing the maturity of its technical solutions and project implementation capabilities [1] Group 2: ETC Business Progress - The company is promoting product and business model upgrades in the ETC field, creating a diversified product matrix that includes pre-installed ETC-OBU and ETC+ [1] - It has successfully implemented an integrated model of "F+EPC+O," continuously expanding the application boundaries of ETC in smart travel scenarios [1] Group 3: Future Strategic Direction - The company plans to deepen the integration development strategy of "vehicle-road-cloud + ETC," actively participating in the construction of intelligent connected demonstration zones across various regions [1] - It aims to promote the large-scale implementation of digital solutions such as holographic smart intersections and steadily advance business upgrades along the evolution path from "ETC → V2X vehicle-road collaboration → large vehicle-road cloud → vehicle energy road cloud → iACT connected traffic intelligence body and CCTE connected energy composite body" [1]

证券日报网讯 金溢科技11月21日发布公告，在公司回答调研者提问时表示，公司始终秉持"以技术之根 育产品之树，以产品之树构建方案生态"的发展理念，坚定不移地走自主创新之路，保持较高的研发投 入力度，持续提升公司核心竞争力。为落实公司发展战略，公司今年加大人才引进力度和产品创新投 入，研发费用有一定增长。 （编辑 王雪儿） ...

证券日报网讯 金溢科技11月21日发布公告，在公司回答调研者提问时表示，公司财务状况详见公司发 布的定期报告。当前智慧交通行业在国家政策、技术进步和市场需求的推动下展现出强劲的发展动力和 广阔前景。ETC与C-V2X技术耦合加速智慧交通纵深发展，交通基建数字化转型助力交通强国建设，云 边端协同推动行业革新，车路云一体化产业链日趋完善，城市数字交通探索商业闭环模式，汽车电子生 态链价值提升并开启长景气周期，智慧交通与智慧能源系统深度融合协同发展，低空智联将成为智慧高 速公路的"空中神经网络"并推动交通管理进入全时空智能时代。公司作为一站式"数字交通"及"交能融 合"领域解决方案及核心设备提供商，将依托"交通+IT"双基因，基于"客户需求+技术创新"双驱动以及 全栈式服务能力，打造智能路侧、智能终端、汽车电子、数字能源、低空智联等相关业务集群，构建全 方位、多层次的iACT网联交通智能体与CCTE网联交能复合体解决方案，为公司开拓广阔的产业空间。 公司将根据所处的发展阶段等实际经营情况，统筹好业绩情况与股东回报的动态平衡，积极回报股东。 （编辑 王雪儿） ...

（编辑 王雪儿） 证券日报网讯 金溢科技11月21日发布公告，在公司回答调研者提问时表示，当前在政策支持、技术突 破与市场需求的共同推动下，智慧交通行业正迎来快速发展的重要机遇期，"交能融合"作为重要发展方 向，正逐步构建起深度融合、协同发展的新业态。公司作为一站式"数字交通"与"交能融合"解决方案及 核心设备提供商，依托"交通+IT"双基因优势，坚持以客户需求和技术创新为双轮驱动，持续强化全栈 式服务能力，围绕"聪明的车、智慧的路、协同的云、清洁的能、低碳的园、韧性的城"构建业务集群， 致力于打造覆盖iACT网联交通智能体与CCTE网联交能复合体的全场景解决方案，助力实现更安全、高 效、绿色、可持续的未来交通愿景。在数字能源业务方面，公司积极推动"车、能、路、云"一体化融合 发展，积极推进与能源企业、整车厂等产业链伙伴的战略合作，共同打造多样化用电场景，助力交通能 源系统的清洁化、数字化升级。 ...

（编辑 王雪儿） 证券日报网讯 金溢科技11月21日发布公告，在公司回答调研者提问时表示，公司将会按照证监会、深 交所的相关规定在定期报告中披露相关股东人数，敬请关注公司相关公告。另外根据《公司章程》的相 关规定，股东提出查询股东名册有关信息，应当向公司提供证明其持有公司股份的类别以及持股数量的 书面文件，公司经核实股东身份后按照股东的要求予以提供。 ...

Core Viewpoint - The company, Jin Yi Technology, announced its capabilities in the fields of vehicle-road collaboration and smart transportation, highlighting its ability for large-scale implementation and practical experience [1] Group 1 - The company stated that it will disclose information regarding significant demonstration projects, strategic partnerships, and market share if they meet the standards for information disclosure [1]

Core Viewpoint - Jin Yi Technology announced its competitive advantages in the rapidly developing smart transportation and vehicle-road collaboration market, leveraging its "Transportation + IT" dual-genetic drive and full-stack technical service capabilities [1] Group 1: Smart Highway Tolling - The company maintains its technological leadership in the smart highway tolling sector through the integration of "ETC + AI + Edge Computing," achieving large-scale implementation of unmanned toll stations [1] Group 2: Urban Digital Transportation - Jin Yi Technology has established a "Vehicle-Energy-Road-Cloud-Park" closed-loop capability in urban digital transportation, actively participating in the construction of several national-level intelligent connected demonstration zones [1] Group 3: Vehicle-Road Collaboration - As the leading unit of the Ministry of Transport's key technology research center for intelligent vehicle-road collaboration, the company has developed a comprehensive "Vehicle-Road-Cloud Integration" solution covering the entire technology chain of DSRC/4G/5G-V2X and is involved in multiple national pilot projects [1] Group 4: Automotive Electronics - The company has established targeted collaborations with dozens of OEMs, serving both new energy and traditional automotive enterprises [1] Group 5: Future Strategies - In 2024, the company successfully completed the C-V2X "Four Cross" practical verification, further solidifying its experience in intelligent connected infrastructure construction [1] - By 2025, the company aims to accelerate the development of core product lines around the "Sensing, Control, and Integration" strategy, actively building a comprehensive ecosystem for smart transportation [1] Group 6: Competitive Barriers - To build differentiated competitive barriers, the company relies on its full-stack technical capabilities, deepening the "Vehicle-Road-Cloud + ETC" integration innovation model and adopting an "F + EPC + O" integrated business model [1] - The company continues to enhance its brand influence and market position through leading industry standard formulation, maintaining a first-mover advantage in V2X technology, and deepening strategic cooperation with OEMs and government platforms [1]

Core Insights - The company, Jin Yi Technology, has established itself as a leader in the intelligent vehicle-road collaboration sector, spearheading the development of key technologies and equipment for the Ministry of Transport [1] - The company has developed a comprehensive self-research system covering V2X communication modules, terminal products, application platforms, algorithms, and protocol stacks, with significant advancements in DSRC-V2X, 4G-V2X, and 5G-V2X technologies [1] - Jin Yi Technology is actively involved in the 2024 C-V2X pilot application practices, having completed testing and verification in both closed and open road environments, and has achieved C-V2X consistency certification [1] Company Developments - The company's vehicle-road collaboration business has expanded to cover numerous intelligent connected demonstration zones across the country, providing complete solutions for scenarios such as autonomous ride-hailing and smart parks [1] - In the smart highway sector, the company has launched a full suite of ETC2.0 products and multi-beam intelligent roadside antennas, successfully applying its ETC vehicle-road collaboration solutions in the "Traffic Guardian" program [1] - The company continues to optimize new toll collection systems, achieving technological breakthroughs in scenarios like pre-transaction at highway ramps and mobile emergency toll collection, with related products already promoted in multiple provinces [1] Technological Innovations - The company has developed a voice-interactive OBU device for the Traffic Guardian initiative, significantly enhancing vehicle-road collaboration interaction capabilities in smart highway scenarios [1] - As a pioneer in the Internet of Things and intelligent transportation sectors, the company has built a complete "vehicle-road-cloud" collaborative ecosystem through products like V2X intelligent connected OBU and automotive electronic identification [1] - The company leverages its self-developed vehicle-road collaboration algorithms and protocol stacks to achieve real-time data processing and decision support in complex traffic environments through edge computing [1]

证券日报网讯金溢科技（002869）11月21日发布公告，在公司回答调研者提问时表示，公司前三季度应 收账款期末余额较上年期末下降4.63%，销售商品、提供劳务收到的现金较上年同期增加29.52%，公司 主要客户为高速公路运营商及车企等，信用记录良好，整体坏账风险可控。 ...

Group 1: Technological Advancements - The company has established a comprehensive R&D system covering V2X communication modules, terminal products, application platforms, algorithms, and protocol stacks, achieving significant breakthroughs in DSRC-V2X, 4G-V2X, and 5G-V2X technologies [2][3]. - The company has participated in the 2024 C-V2X pilot application, completing tests and obtaining C-V2X consistency certification, enhancing the accuracy of warnings and stability of scenarios for automotive enterprises [2][3]. - The company has developed a full suite of products, including multi-beam intelligent roadside antennas and ETC 2.0 solutions, successfully applied in various provinces [3][4]. Group 2: Core Competencies and Revenue Growth - The company has mastered three core technologies: ETC, V2X, and RFID, and has actively participated in the formulation of national and industry standards [4]. - As of mid-2025, the company has obtained 655 independent intellectual property rights, with several patents awarded national "Excellent Patent Awards," establishing a solid technical foundation [4]. - Revenue proportions from the highway ETC business, smart transportation, and vehicle-road collaboration have not significantly changed compared to the same period in 2024 [4]. Group 3: Strategic Collaborations and Investments - In 2025, the company completed the acquisition of 100% of the shares of Che Lu Tong Technology (Chengdu) Co., Ltd., enhancing its core technical capabilities in smart transportation [5]. - The company established a venture capital partnership focusing on smart connected vehicles and low-altitude economy, marking a strategic move to integrate resources and expand market reach [5]. Group 4: Market Position and Competitive Strategy - The company maintains a leading position in the smart transportation and vehicle-road collaboration markets, leveraging its dual expertise in transportation and IT [8]. - The company has implemented a differentiated competitive strategy by integrating ETC with AI and edge computing, achieving large-scale deployment of unmanned toll stations [8]. - The company is actively involved in multiple national-level intelligent connected vehicle demonstration projects, enhancing its market share and brand influence [8]. Group 5: Financial Performance and Future Outlook - The overall gross margin has declined due to intensified market competition, while net profit margins are under pressure due to increased strategic investments in innovation and talent [7][10]. - The company is focused on balancing performance and shareholder returns, aiming to enhance core capabilities and build an ecosystem for long-term growth [10]. - The smart transportation industry is expected to experience robust growth driven by national policies, technological advancements, and market demand, positioning the company for future success [10].