Group 1 - The company Dinghan Technology announced its plan to participate in the collective investor exchange meeting organized by its controlling group, Guangzhou Industrial Investment Holding Group Co., Ltd., on September 15, 2025 [2]

证券代码：300011 证券简称：鼎汉技术 公告编号：2025-54 北京鼎汉技术集团股份有限公司 关于参加广州工业投资控股集团有限公司上市公司 2025 年半年度集体投资者交流会的公告 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。 重要内容提示： 北京鼎汉技术集团股份有限公司（以下简称"公司"）已于 2025 年 08 月 29 日发布公司 2025 年半年度报告，为便于广大投资者更加全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 15 日（星期一） 上午 9:00-11:30 参加公司控股集团广州工业投资控股集团有限公司上市公司 2025 年半年度集体投资者交流会，通过视频与网络文字互动相结合的方式，与 广大投资者进行互动交流。 一、交流会类型 会议召开时间：2025 年 09 月 15 日（星期一）上午 9:00-11:30 会议召开地点：全景网"投资者关系互动平台"（http://ir.p5w.net） 会议召开方式：视频与网络文字互动相结合 （一）会议召开时间：2025 年 09 月 15 日（星期一） ...

Core Insights - The company Dinghan Technology (300011) reported a slight increase in total revenue for the first half of 2025, but a significant decline in net profit compared to the previous year [1][3] - The company's financial performance shows signs of cyclical nature and weak capital returns, with a historical median ROIC of only 2.71% over the past decade [3] Financial Performance - Total revenue for the first half of 2025 reached 721 million yuan, a year-on-year increase of 0.76% [1] - Net profit attributable to shareholders was 9.67 million yuan, reflecting a year-on-year decrease of 20.81% [1] - The gross profit margin decreased to 28.51%, down 7.7% from the previous year [1] - The net profit margin also fell to 1.32%, a decline of 22.93% year-on-year [1] - The company reported a significant increase in accounts receivable, which accounted for 14,612% of the net profit [1][3] Cost and Expense Analysis - Total selling, administrative, and financial expenses amounted to 145 million yuan, representing 20.17% of total revenue, a decrease of 10.37% year-on-year [1] - The company’s financial health is concerning, with financial expenses reaching 119.62% of the average operating cash flow over the past three years [3] Cash Flow and Debt Situation - The company’s cash flow situation is weak, with cash and cash equivalents amounting to 328 million yuan, which is only 25.12% of current liabilities [3] - The interest-bearing debt ratio stands at 35.4%, indicating a high level of leverage [3] - The total interest-bearing debt is 1.378 billion yuan, a slight decrease of 1.08% from the previous year [1] Shareholder Metrics - Earnings per share remained at 0.02 yuan, but this reflects a decrease of 21% year-on-year [1] - The book value per share increased slightly to 2.4 yuan, a year-on-year increase of 1.09% [1]

Core Insights - The company reported a total revenue of 721 million yuan, ranking 10th among disclosed peers, with a year-on-year increase of 0.76% [1] - The net profit attributable to shareholders was 9.67 million yuan, ranking 24th among peers, showing a decline of 20.81% year-on-year [1] - The net cash flow from operating activities was -52.25 million yuan, ranking 24th among peers, with a significant decrease of 569.53% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 64.16%, ranking 27th among peers, with a decrease of 0.41 percentage points from the previous quarter and 0.86 percentage points from the same period last year [3] - The latest gross profit margin is 28.51%, ranking 18th among peers, down by 0.99 percentage points from the previous quarter and 2.38 percentage points year-on-year [3] - The latest return on equity (ROE) is 0.72%, ranking 24th among peers, with a decrease of 0.20 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.02 yuan, ranking 25th among peers, remaining stable compared to the previous period but down by 21.00% year-on-year [3] - The latest total asset turnover ratio is 0.19 times, ranking 9th among peers, remaining stable year-on-year but down by 0.21 [3] - The latest inventory turnover ratio is 1.21 times, ranking 8th among peers, with a decrease of 0.06 times year-on-year, reflecting a decline of 4.67% [3]

Core Viewpoint - Beijing Dinghan Technology Group Co., Ltd. has revised its articles of association and related systems to enhance its governance structure and adapt to market changes and regulatory requirements [1][6]. Summary of Related Sections Revision of Articles of Association - The articles of association have undergone a comprehensive revision, addressing aspects such as the legal representative, shareholder rights and obligations, and the powers of the shareholders' meeting. For instance, the chairman is defined as the legal representative, and a new representative must be appointed within thirty days if the current one resigns [2]. Amendments to Meeting Rules - Significant amendments have been made to the "Shareholders' Meeting Rules" and "Board of Directors' Meeting Rules." The powers of the shareholders' meeting have been clarified, including adjustments to the election and replacement of directors, as well as the review standards and procedures for matters like the use of raised funds and changes in accounting estimates [3]. Other System Revisions - Multiple systems, including the "Independent Director Work System" and "Audit Committee Work Rules," have been revised in accordance with relevant laws and the company's actual situation to better align with the company's development and regulatory requirements [4]. New System Formulation - The company has established new systems such as the "Management System for Directors and Senior Management Holding and Trading Company Stocks" and the "Management System for Directors and Senior Management Departures." The previous "Reporting System for Stock Trading by Statutory Personnel" has been abolished, and the "Supervisory Meeting Rules" will be abolished after the revised articles of association are approved by the shareholders' meeting [5]. Follow-up Arrangements - The resolutions passed during the seventh board meeting and the fifth supervisory meeting, including the proposal to revise the articles of association, will be submitted for shareholder approval. These revisions and new systems are crucial for improving the governance framework and ensuring the company's stable development [6].

Core Viewpoint - Dinghan Technology (300011.SZ) reported its 2025 semi-annual results, showing modest revenue growth but a significant decline in net profit [1] Financial Performance - The company achieved operating revenue of 721 million yuan in the first half of the year, representing a year-on-year increase of 0.76% [1] - The net profit attributable to shareholders was 9.6689 million yuan, reflecting a year-on-year decrease of 20.81% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.8029 million yuan, down 29.82% year-on-year [1] - Basic earnings per share were reported at 0.0173 yuan [1]

Core Viewpoint - Dinghan Technology (300011) reported a steady increase in revenue and significant profit growth in the first half of 2025, driven by market expansion, technological innovation, and cost reduction efforts [1] Group 1: Financial Performance - In the first half of 2025, Dinghan Technology achieved revenue of 721 million yuan and a net profit attributable to shareholders of 9.67 million yuan [1] - The net profit for the second quarter was 24.67 million yuan, marking a year-on-year increase of 234.27% and a quarter-on-quarter increase of 264.47% [1] - Operating cash flow reached 32.79 million yuan, reflecting a year-on-year growth of 149% and a quarter-on-quarter growth of 139% [1] - The company secured new orders worth 830 million yuan in the first half of 2025, indicating strong growth compared to the previous year [1] Group 2: Market Position and Product Development - The company maintained its leading position in the rail transit sector, with a stable increase in market share for its signal power systems [2] - The integrated power supply system utilizing HVDC technology has improved product reliability and energy efficiency, winning the Railway Science and Technology Award [2] - Vehicle air conditioning products have gained market share in the national railway sector and expanded into major repair markets, achieving good performance in cities like Chengdu and Beijing [2] - The comprehensive detection system for rail tunnels was successfully delivered in Shenzhen [2] Group 3: New Growth Engines - The company has completed the development and trial of various cooling units for new energy applications, achieving bulk supply to several companies [3] - It has successfully entered the smart manufacturing sector with orders exceeding 23 million yuan for automated equipment and digital factory management systems [3] Group 4: R&D Investment and Green Upgrades - Dinghan Technology invested 54.64 million yuan in R&D in the first half of 2025, accounting for 7.58% of its revenue, focusing on high-end, intelligent, and green product upgrades [4] - Innovations include an integrated communication power supply system and a photovoltaic inverter that directly applies renewable energy to traction networks [4] Group 5: Capital Support and Strategic Development - The company has optimized internal management, reducing the expense ratio by 2.33 percentage points, strengthening its foundation for strategic transformation [5] - The controlling shareholder plans to fully subscribe to the company's new share issuance, enhancing capital support for future growth [5] - The industry trend indicates a shift towards innovation-driven and green development in the rail transit sector, which may benefit Dinghan Technology as it capitalizes on equipment upgrades and new energy equipment replacements [5]

北京鼎汉技术集团股份有限公司董事和高级管理人员持有和买卖公司股票管理制度 北京鼎汉技术集团股份有限公司 董事和高级管理人员持有和买卖公司股票管理制度 第一章 总则 第一条 为加强北京鼎汉技术集团股份有限公司（以下简称"公司"或"本 公司"）董事和高级管理人员持有、买卖公司股票的管理，维护证券市场秩序， 根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称《证券 法》）《上市公司董事和高级管理人员所持本公司股份及其变动管理规则》《深 圳证券交易所创业板股票上市规则》（以下简称《创业板上市规则》）《深圳 证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》（以 下简称《创业板规范运作》）《深圳证券交易所上市公司自律监管指引第 10 号——股份变动管理》等有关法律法规、规范性文件及《北京鼎汉技术集团股 份有限公司章程》（以下简称《公司章程》）的有关规定，结合公司实际情况， 制定本制度。 第二条 本制度适用于对公司董事和高级管理人员持有及买卖本公司股 票行为的管理。 第三条 公司董事和高级管理人员所持有的本公司股份，是指登记在其名 下和利用他人账户持有的所有本公司股份。公司董事和高级管理人员 ...

北京鼎汉技术集团股份有限公司董事会提名委员会工作细则 北京鼎汉技术集团股份有限公司 董事会提名委员会工作细则 第一章 总 则 第一条 为规范北京鼎汉技术集团股份有限公司（以下简称"公司"）董事 和高级管理人员的选举，优化董事会及经营管理层的组成，完善公司治理结构， 根据《中华人民共和国公司法》《上市公司治理准则》《深圳证券交易所创业板 股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市 公司规范运作》等法律法规、规范性文件及《北京鼎汉技术集团股份有限公司章 程》（以下简称《公司章程》）的有关规定，公司设立董事会提名委员会，并制 定本细则。 第二条 提名委员会是董事会下设的专门工作机构，主要负责拟定董事、高 级管理人员的选择标准和程序，对董事、高级管理人员人选及其任职资格进行遴 选、审核。提名委员会对董事会负责，向董事会报告工作。 第二章 人员组成 第三条 提名委员会成员由三名董事组成，其中独立董事应当过半数。 第四条 提名委员会委员由董事长、二分之一以上独立董事或者全体董事的 三分之一提名，并由董事会过半数选举产生。 第五条 提名委员会设主任委员（召集人）一名，由独立董事委员担任，负 ...

北京鼎汉技术集团股份有限公司董事会审计委员会工作细则 北京鼎汉技术集团股份有限公司 董事会审计委员会工作细则 第一章 总 则 第一条 为强化董事会的决策功能，做到规范和专业审计，确保董事会对经 理层的有效监督，完善北京鼎汉技术集团股份有限公司（以下简称"公司"）治 理结构，根据《中华人民共和国公司法》《上市公司治理准则》《深圳证券交易 所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等法律法规、规 范性文件及《北京鼎汉技术集团股份有限公司章程》（以下简称《公司章程》） 的有关规定，公司设立董事会审计委员会，并制定本细则。 第二条 审计委员会是董事会下设的专门工作机构，主要负责审核公司财务 信息及其披露、监督及评估内外部审计工作和内部控制。审计委员会对董事会负 责，向董事会报告工作。 第二章 人员组成 第三条 审计委员会成员应当为不在公司担任高级管理人员的董事，由三名 董事组成，其中独立董事应当过半数，且至少有一名独立董事为会计专业人士。 审计委员会成员应当勤勉尽责，切实有效地监督、评估公司内外部审计工作， 促进公司建立有效的内部控制并提供真实、准确、完整的财务报告。 第四条 审计委员会委员由董事长 ...