广州地铁设计研究院股份有限公司 广州地铁设计研究院股份有限公司 关于发行股份购买资产并募集配套资金暨关联交易 的审核问询函回复的提示性公告 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。 广州地铁设计研究院股份有限公司（以下简称"公司"）拟通过发行股份的方 式购买广州地铁集团有限公司持有的广州地铁工程咨询有限公司 100%股权并向 不超过 35 名特定投资者发行股份募集配套资金（以下简称"本次交易"）。 2025 年 7 月 11 日，公司收到深圳证券交易所出具的《关于广州地铁设计研 究院股份有限公司发行股份购买资产并募集配套资金申请的审核问询函》（审核 函〔2025〕130011 号）（以下简称"《审核问询函》"）。公司及相关中介机构 根据《审核问询函》的要求，就相关事项逐项说明、论证和回复，具体内容详见 与本公告同日披露的相关公告。 本次交易尚需深圳证券交易所审核通过以及中国证券监督管理委员会同意 注册后方可实施。本次交易能否取得相关部门的审核或注册，以及最终取得审核 或注册的时间均存在不确定性。公司将继续推进相关工作，严格按照相关法律法 规的规定和要求及 ...

相较 2025 年 6 月 27 日于深圳证券交易所发行上市审核信息公开网站 （http://listing.szse.cn/）公告的《广州地铁设计研究院股份有限公司发行股份购 买资产并募集配套资金暨关联交易报告书（草案）（申报稿）》，草案（修订稿） 对部分内容进行了修订，主要修订内容如下： 证券代码：003013 证券简称：地铁设计 公告编号：2025-045 广州地铁设计研究院股份有限公司 关于发行股份购买资产并募集配套资金暨关联交易 报告书（草案）修订说明的公告 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。 广州地铁设计研究院股份有限公司（以下简称"公司"）拟通过发行股份的方 式购买广州地铁集团有限公司持有的广州地铁工程咨询有限公司 100%股权并向 不超过 35 名特定投资者发行股份募集配套资金（以下简称"本次交易"）。 2025 年 7 月 11 日，公司收到深圳证券交易所出具的《关于广州地铁设计研 究院股份有限公司发行股份购买资产并募集配套资金申请的审核问询函》（审核 函〔2025〕130011 号），并于 2025 年 8 月 9 日披露了《广 ...

广州地铁设计研究院股份有限公司 发行股份购买资产并募集配套资金暨关联交易报告书（草案）（摘要） 证券代码：003013 证券简称：地铁设计 上市地：深圳证券交易所 广州地铁设计研究院股份有限公司 发行股份购买资产并募集配套资金 暨关联交易报告书 （草案）（摘要） （修订稿） | 项目 | 名称 | | --- | --- | | 购买资产交易对方 | 广州地铁集团有限公司 | | 募集配套资金认购方 | 不超过 名符合中国证监会规定的特定投资者 35 | 独立财务顾问 签署日期：二〇二五年八月 广州地铁设计研究院股份有限公司 发行股份购买资产并募集配套资金暨关联交易报告书（草案）（摘要） 声明 本部分所述词语或简称与本报告书摘要"释义"所述词语或简称具有相同含义。 一、上市公司声明 本公司及本公司全体董事、监事及高级管理人员保证上市公司及时、公平地披露 信息，保证本报告书摘要内容的真实、准确、完整，不存在虚假记载、误导性陈述或 者重大遗漏，保证本报告书摘要所引用的相关数据的真实性和合理性，并对所提供信 息的真实性、准确性、完整性负相应的法律责任。 本公司全体董事、高级管理人员承诺：如本次交易本人提供或披露的信 ...

证券代码：003013 证券简称：地铁设计 上市地：深圳证券交易所 广州地铁设计研究院股份有限公司 发行股份购买资产并募集配套资金 暨关联交易报告书（草案） （修订稿） | 项目 | 名称 | | --- | --- | | 购买资产交易对方 | 广州地铁集团有限公司 | | 募集配套资金认购方 | 不超过 35 名符合中国证监会规定的特定投资者 | 独立财务顾问 签署日期：二〇二五年八月 广州地铁设计研究院股份有限公司 发行股份购买资产并募集配套资金暨关联交易报告书（草案） 声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、上市公司声明 本公司及本公司全体董事、监事及高级管理人员保证上市公司及时、公平地披露 信息，保证本报告书及其摘要内容的真实、准确、完整，不存在虚假记载、误导性陈 述或者重大遗漏，保证本报告书所引用的相关数据的真实性和合理性，并对所提供信 息的真实性、准确性、完整性负相应的法律责任。 本公司全体董事、高级管理人员承诺：如本次交易本人提供或披露的信息涉嫌虚 假记载、误导性陈述或者重大遗漏，被司法机关立案侦查或者被中国证券监督管理委 员会立案调查的，在形成调查结论以 ...

广东中企华正诚资产房地产土地评估造价咨询有限公司《关于 广州地铁设计研究院股份有限公司发行股份购买资产并募集配 套资金申请的审核问询函的回复》之专项核查意见 深圳证券交易所上市审核中心： 广州地铁设计研究院股份有限公司（以下简称"上市公司""公司"或"地 铁设计"）于 2025 年 7 月 11 日收到深圳证券交易所上市审核中心下发的《关于 广州地铁设计研究院股份有限公司发行股份购买资产并募集配套资金申请的审 核问询函》（审核函〔2025〕130011 号）（以下简称"审核问询函"）。评估机 构会同上市公司及其他中介机构就审核问询函所提问题进行了认真讨论分析，现 就有关事项发表核查意见。现提交贵所，请予审核。 如无特别说明，本审核问询函回复中的简称或名词释义与重组报告书所定义 的词语或简称具有相同的含义。在本审核问询函回复中，若合计数与各分项数值 相加之和在尾数上存在差异，均为四舍五入所致。本审核问询函回复所引用的财 务数据和财务指标，如无特殊说明，指合并报表口径的财务数据和根据该类财务 数据计算的财务指标。 1 | | | | 目 | 录 | 2 | | --- | --- | --- | | 问题 | | ...

Core Viewpoint - The company, Metro Design (003013.SZ), has a strong overall operational stability and a sufficient backlog of orders, supported by its high-level qualifications in engineering design and comprehensive design capabilities [1] Group 1 - The company holds multiple high-level qualifications, including comprehensive Class A in engineering design and comprehensive Class A in engineering surveying [1] - The company possesses a comprehensive design capability and customer service ability across various specialties [1] - The current operational status of the company is stable, indicating a solid foundation for future growth [1]

Summary of Beverage Industry Conference Call Industry Overview - The beverage market is experiencing overall growth, with major brands like Nongfu Spring and Huazhu showing significant sales increases. Nongfu Spring's overall growth is close to 20%, with its Dongfang Shuye brand growing over 20% and accounting for more than one-third of total sales [2][9]. - The dairy product industry is facing substantial inventory pressure, currently at one and a half months, with a decline in sales starting from March [1][5]. Key Points by Company Nongfu Spring - Dongfang Shuye's sales are strong, but overall terminal sales are sluggish, with inventory nearing 40 days [1][2]. - The green water product line accounts for about 30% of sales, with promotional efforts slowing down [9]. - Price adjustments have been made for bulk products, increasing from 9.9 yuan to 11.9 yuan [10]. Huazhu (怡宝) - Focused on high-end channels such as gas stations and schools, reducing traditional channel investments [2][4]. - A collective market action in May is expected to temporarily boost sales [11]. - The no-sugar tea segment has seen over 20% growth, although profit margins are declining due to increased competition [15]. Wahaha - Currently facing challenges with team stability and a weak foundation, despite achieving an 80% distribution rate [8]. - The company has reduced market investments, impacting overall growth [8]. Dongpeng Special Drink - Initiated a 100-day promotional campaign, with significant growth in Guangdong, particularly in Shenzhen (over 18%) and other cities exceeding 20% [1][6]. - Juice tea has a 90% market penetration but has recently seen a slowdown in sales, with promotional winning rates reduced to 30% [18]. Master Kong (康师傅) - Unified pricing for small bottled iced tea at three yuan to stimulate sales [7]. - The company is actively recruiting talent to address team structure issues, maintaining inventory at about one month [7]. Yili - The company has faced sales difficulties in March and April, with inventory pressures increasing to over 40 days [19]. - Despite a strong start in January and February, Yili's constant milk segment is expected to see no positive growth until next year [19][21]. - Low-temperature milk continues to perform well, maintaining growth since the pandemic [20]. Mengniu - Underwent organizational restructuring, including layoffs, to improve internal efficiency [23]. - The company is still experiencing a decline in constant milk sales, although there are signs of improvement [23][26]. Industry Trends - The beverage industry is shifting towards more precise promotional strategies, focusing on high-return channels rather than low-end markets [4][10]. - The dairy sector is more complex in terms of inventory management and sales dynamics compared to the beverage sector, with significant pressure on sales and inventory management [21]. - Low-temperature milk has shown a recovery trend, with double-digit growth rates expected in 2025 due to a low base from previous years [22][29]. Additional Insights - The competitive landscape is intensifying, with brands competing on price and brand recognition, particularly in the no-sugar tea segment [15]. - The restructuring and talent management strategies within companies like Mengniu and Yili are aimed at enhancing operational efficiency and market responsiveness [23][43]. - The overall market dynamics indicate a need for companies to adapt to changing consumer preferences and competitive pressures, particularly in the context of post-pandemic recovery [27].

Group 1: Asset Acquisition and Financial Performance - The company plans to acquire 100% equity of Guangzhou Metro Engineering Consulting Company for approximately CNY 5.11 billion to enhance its engineering consulting capabilities [1] - The first quarter performance showed fluctuations due to long project cycles in rail transit design, leading to a decline compared to previous years [2] - Asset impairment provisions increased in the first quarter, influenced by macroeconomic factors and slower payment progress [2] Group 2: Profitability and Cost Management - The gross profit margin for surveying and design business improved in 2024, attributed to project completion and effective cost control measures [2] - The company aims to strengthen production operations and control costs to achieve stable performance and return value to investors [2] Group 3: Business Expansion and Innovation - The company is exploring innovative integration of rail transit and low-altitude economy, successfully obtaining feasibility studies and contracts for related projects [3][4] - An overseas division has been established to expand into markets in Vietnam, Singapore, and other regions, with recent contracts signed for projects in Serbia and Hong Kong [4] Group 4: Dividend Policy - The company plans to distribute at least 30% of its distributable profits as cash dividends annually from 2024 to 2026, considering operational conditions and future development plans [4]

Group 1: Company Overview and Performance - The company experienced a decrease in new contracts for 2024 due to external market conditions and the approval cycle for rail transit projects, but has sufficient existing orders with stable contract conversion [1] - The engineering general contracting business has increased its share in 2024, primarily due to growth in civil defense engineering and the operation of energy-saving projects for rail transit air conditioning systems [1][2] Group 2: Financial Performance and Challenges - The company's first-quarter performance showed fluctuations, attributed to the long project cycles in rail transit design and increased depreciation costs from the new subway design building, leading to a decline compared to previous years [3] - The company aims to enhance operational efficiency and control costs to stabilize performance and provide returns to investors [3] Group 3: Future Growth Strategies - Future growth will focus on optimizing core rail transit design services, developing new business areas such as TOD, general contracting, underground space development, and municipal projects, as well as expanding into overseas markets [4] - The company plans to promote the industrialization of research results and engage in mergers and acquisitions to enhance core competitiveness and achieve further growth [4] Group 4: Dividend Policy - The company plans to distribute at least 30% of its distributable profits as cash dividends annually from 2024 to 2026, considering operational conditions and future development plans [6]

Core Points - The resignation of independent director Mr. Cao Yunming has been submitted due to personal reasons, and he will not hold any positions in the company or its subsidiaries after his resignation [1][2] - The resignation will not affect the normal operation of the company's board or its daily management and operations [1] - The company will complete the election of a new independent director as per regulations, and Mr. Cao will continue to fulfill his duties until a new director is appointed [1][2] - Mr. Cao did not hold any company shares during his tenure and has no unfulfilled commitments [2] - The board expresses gratitude for Mr. Cao's contributions to the company's development during his tenure [2]