Financial Performance - The company's operating revenue for 2024 was CNY 1,153,724,402.37, representing a 2.70% increase compared to CNY 1,123,392,343.80 in 2023[18]. - The net profit attributable to shareholders for 2024 was CNY 74,153,109.59, a 10.52% increase from CNY 67,095,278.98 in 2023[18]. - The basic earnings per share for 2024 was CNY 0.13, an increase of 18.18% compared to CNY 0.11 in 2023[18]. - The total assets at the end of 2024 were CNY 3,143,722,135.48, a decrease of 0.73% from CNY 3,166,828,604.24 at the end of 2023[18]. - The cash flow from operating activities for 2024 was CNY 58,555,565.24, up 19.17% from CNY 49,134,542.01 in 2023[18]. - The company reported a weighted average return on equity of 3.35% for 2024, compared to 3.02% in 2023[18]. - The net profit after deducting non-recurring gains and losses for 2024 was CNY 66,424,034.52, a 10.43% increase from CNY 60,148,820.80 in 2023[18]. - The company reported a total non-operating income of 7,729,075.07 in 2024, an increase of 11.3% from 6,946,458.18 in 2023[24]. - The company achieved a significant order volume of 465 orders amounting to approximately 937.61 million CNY, representing 71.92% of current revenue[77]. - The company’s total revenue for the reporting period was approximately ¥1.15 billion, representing a year-on-year increase of 2.70% compared to ¥1.12 billion in the previous year[135]. Investment and R&D - R&D investment has consistently exceeded 14% of revenue over the past four years, reaching 15.57% in 2023, with plans to increase to 18.03 million CNY in 2024[80]. - The company achieved a total R&D investment of ¥180,322,994.06 in 2024, representing an increase of 3.73% compared to ¥174,905,094.94 in 2023[148]. - R&D investment accounted for 15.63% of the company's operating revenue in 2024, slightly up from 15.57% in 2023[148]. - The company has established a comprehensive R&D system, including a smart research institute and three regional centers, enhancing its innovation capabilities[82]. - The company has registered 255 patents, including 173 invention patents, and holds 476 software copyrights, showcasing its strong intellectual property portfolio[90]. - The company has successfully developed and obtained software copyrights for several key systems, including a comprehensive risk warning assessment system and a smart park management system[147]. - The company completed the development of multiple new products, including a digital monitoring system and a customs management platform, which are expected to enhance market competitiveness and create new profit growth points[147][148]. Market Expansion and Strategic Initiatives - The company aims to achieve a railway operating mileage of 16.5 million kilometers by 2025, with a focus on expanding high-speed rail to 50,000 kilometers[28]. - The company is actively participating in the "Four Network Integration" initiative, focusing on customized solutions for local and enterprise-owned railways, enhancing safety, speed, and intelligence in railway operations[42]. - The company is expanding into smart airport markets, laying a solid foundation for future growth in the civil aviation sector[73]. - The company plans to expand its market presence by targeting high-value growth opportunities in domestic core markets and emerging markets along the "Belt and Road" initiative[185]. - The company is collaborating with the National Railway Innovation Research Institute to explore innovative applications of 5G, big data, and AI in the railway sector[128]. - The company has made significant progress in international market expansion, securing several overseas railway projects worth tens of millions, including a nearly 10 million yuan project in Mexico, marking its first direct overseas construction contract[123]. Technology and Innovation - The company is prioritizing the integration of digital technologies such as AI and big data to enhance operational efficiency and service quality in the railway sector[34]. - The company has developed various intelligent products and solutions, including a smart integrated dispatch communication system and an intelligent inspection robot, to meet the growing demand for high stability, reliability, and safety in digital and intelligent railway solutions[38]. - The company has successfully launched the first railway industry large model technology product, enhancing service quality and promoting intelligent development in the railway sector[68]. - The company has achieved significant results in digital and intelligent transformation in sectors like rail transit and defense in 2024[182]. - The company aims to leverage new ICT technologies such as 5G and artificial intelligence to drive digital transformation in traditional industries, with a focus on sectors like transportation and defense[182]. Governance and Risk Management - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations, and has not encountered significant discrepancies with regulatory requirements as of the reporting period's end[198]. - The company has developed and implemented various governance policies covering management, finance, information disclosure, internal auditing, and external investments to support its operational integrity[199]. - The company has a robust accounts receivable management system to mitigate risks associated with delayed payments from clients[191]. - The company acknowledges macroeconomic risks that could impact investment scales and market dynamics, emphasizing the need for strategic adjustments[188]. - The company faces risks related to new technology development and market competition, necessitating a focus on R&D and product innovation[189]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares to all shareholders, based on a total share base of 588,062,160 shares[5]. - The company’s cash dividends for the reporting period amounted to nearly ¥30 million, representing 44% of the net profit attributable to shareholders[134]. - The company has implemented a share repurchase plan, buying back over 6 million shares for a total amount exceeding ¥37 million, reflecting confidence in future growth[134]. Operational Challenges - The cash flow from operating activities showed a significant discrepancy from the net profit for the year, indicating potential operational challenges[151]. - The company recorded an asset impairment loss of ¥11,028,210.31, accounting for 14.29% of total profit, primarily due to goodwill impairment provisions[153]. - The total cash and cash equivalents decreased by 2,143.47% to -¥137,576,585.76, indicating a significant cash outflow[151].

Financial Performance - The company's operating revenue for Q1 2025 was ¥117,062,065.02, a decrease of 32.09% compared to ¥172,387,071.67 in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥25,532,416.70, representing a decline of 310.45% from a loss of ¥6,220,602.14 in the previous year[5]. - The company's basic earnings per share were -¥0.0434, a decline of 309.43% from -¥0.0106 in the same period last year[5]. - The net profit for the current period is -27,404,595.95, compared to -7,992,362.43 in the previous period, indicating a significant increase in losses[30]. - Operating profit for the current period is -26,058,332.03, compared to -4,576,649.13 in the previous period, reflecting a worsening operational performance[30]. - Total comprehensive income for the current period is -27,404,595.95, compared to -7,992,362.43 in the previous period, indicating a decline in overall financial health[30]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥15,889,931.13, a 152.06% increase from a negative cash flow of ¥30,519,699.74 in the same period last year[5]. - Cash and cash equivalents increased to ¥428,818,781.12 from ¥372,833,361.36, reflecting a growth of approximately 15.0%[25]. - Cash and cash equivalents at the end of the period increased to 419,506,928.81 from 395,724,721.14, showing a positive cash flow trend[33]. - Investment activities generated a net cash flow of 49,069,833.89, a recovery from -36,188,334.91 in the previous period[33]. - The company experienced a 50.08% increase in cash recovered from investments, totaling ¥27,013.70 million compared to ¥18,000.00 million in the previous year[10]. Research and Development - Research and development expenses increased by 30.91% to ¥4,095.60 million, up from ¥3,128.50 million year-on-year, indicating a focus on innovation[9]. - The company increased R&D expenses to CNY 40.956 million, a year-on-year increase of CNY 9.67 million, representing a growth rate of 30.91%[17]. - R&D investment accounted for 34.99% of operating revenue, up from 18.15%[17]. - The company is focusing on AI and 5G-R innovations to enhance its competitive edge in the smart transportation sector[17]. - The company is committed to enhancing its technology competitiveness and sustainable development capabilities through increased strategic investments[17]. Strategic Initiatives - The company aims to achieve its annual operational goals by deepening its digital transformation and expanding into emerging sectors like civil aviation and finance[19]. - The company is developing a matrix of "AI+" industry solutions to capture market opportunities[19]. - The company successfully won the project for the "Knowledge Q&A Assistant Technology Research and Application Based on Large Models" in the urban rail maintenance field, marking industry recognition for its "Feihong Wenda" model[22]. - The Ministry of Industry and Information Technology approved the field test frequency for the new generation railway mobile communication (5G-R) system, validating the company's strategic foresight in digital business layout[23]. Asset Management - The total assets at the end of the reporting period were ¥3,047,908,895.87, down 3.05% from ¥3,143,722,135.48 at the end of the previous year[5]. - Total liabilities decreased to ¥838,408,817.33 from ¥909,054,837.62, a reduction of approximately 7.8%[27]. - The company's undistributed profits decreased to ¥933,080,634.42 from ¥958,613,051.12, a decline of about 2.6%[27]. - Accounts receivable decreased to ¥975,179,346.30 from ¥1,139,125,695.19, a reduction of about 14.4%[25]. - Inventory increased slightly to ¥322,240,885.53 from ¥313,462,323.51, showing a growth of approximately 2.5%[26].

记者从佳讯飞鸿（300213）获悉，4月15日，佳讯飞鸿与北京硅基流动科技有限公司(简称"硅基流动") 达成战略合作。根据协议，双方将基于人工智能先进技术，融合双方技术研发力量及优势平台资源，立 足铁路、城轨、民航、能源、海关及政企等垂直领域，在面向生成式AI的计算平台、推理加速等产品 及服务的技术研发、市场推广等方面展开深入合作，融合创新、协同互补，共同为行业数字化、智能化 转型赋能。(人民财讯) ...

证券代码：300213 证券简称： 佳讯飞鸿 公告编号：2025-004 北京佳讯飞鸿电气股份有限公司 关于实际控制人部分股票提前解除质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 北京佳讯飞鸿电气股份有限公司（以下简称"公司"或"本公司"）于近日接 到公司控股股东、实际控制人林菁先生的通知，获悉林菁先生于2025年4月9日办理 了其所持有的本公司4,553,800股股票提前解除质押的业务。本次解除质押后，林菁 先生所持公司股份不再存在质押的情形。具体情况如下： 截至本公告披露日，林菁先生所持股份及质押股份情况如下： | | | | | 合计占 | 合计占 | 已质押股份情况 | | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 持股数量 | 持股 | 累计质押数 | 其所持 | 公司总 | 已质押股份 | 占已质 | 未质押 | 占未 | | 名称 | （股） | 比例 | 量（股） | 股份比 | 股本比 | 限售和冻 | 押股份 ...

[Table_MainInfo] 公司研究/信息服务/软件 证券研究报告 佳讯飞鸿（300213）公司研究报告 2025 年 04 月 02 日 [Table_InvestInfo] 投资评级 优于大市 首次 覆盖 股票数据 | 0[4Table_StockInfo 月 01 日收盘价（元）] | 8.66 | | --- | --- | | 52 周股价波动（元） | 5.13-11.24 | | 总股本/流通 A 股（百万股） | 594/551 | | 总市值/流通市值（百万元） | 5142/4773 | | 市场表现 | | [Table_QuoteInfo] -26.65% -11.65% 3.35% 18.35% 33.35% 48.35% 2024/4 2024/7 2024/10 2025/1 佳讯飞鸿 海通综指 | 沪深 300 对比 | 1M | 2M | 3M | | --- | --- | --- | --- | | 绝对涨幅（%） | -5.4 | 13.7 | 7.3 | | 相对涨幅（%） | -5.3 | 11.9 | 9.7 | | 资料来源：海通证券研究所 | | | | ...

证券代码：300213 证券简称：佳讯飞鸿 公告编号：2025-003 北京佳讯飞鸿电气股份有限公司 关于为全资子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 北京佳讯飞鸿电气股份有限公司（以下简称"公司"或"佳讯飞鸿"）于 2024 年 4 月 19 日召开第六届董事会第八次会议，审议通过了《关于为全资及控股子 公司申请授信提供担保额度预计的议案》，同意根据公司全资子公司北京六捷科 技有限公司（以下简称"六捷科技"）的业务发展需要，为其向商业银行申请办 理的银行授信业务提供最高金额不超过人民币 6,000 万元的担保。担保额度的有 效期为自第六届董事会第八次会议批准之日起 12 个月止。具体内容详见公司 2024 年 4 月 20 日在中国证监会指定的创业板信息披露网站巨潮资讯网披露的 《关于为全资及控股子公司申请授信提供担保额度预计的公告》（公告编号： 2024-019）。 二、担保进展情况 近期，公司为六捷科技向上海浦东发展银行股份有限公司北京分行（以下简 称"浦发银行"）申请的《融资额度协议》提供担保。具体情 ...

Investment Overview - In 2024, China's railway fixed asset investment reached CNY 850.6 billion, a year-on-year increase of 11.3%, marking a historical high [2] - A total of 3,113 kilometers of new railway lines were put into operation, including 2,457 kilometers of high-speed rail, exceeding the initial plan by over 1,000 kilometers (211.3%) [2] - By the end of 2024, the total railway operating mileage reached 162,000 kilometers, with high-speed rail accounting for 48,000 kilometers [2] 2025 Railway Investment Projections - The China State Railway Group plans to put into operation 2,600 kilometers of new railway lines in 2025, a 160% increase compared to 2024 [3] - The total railway operating mileage is expected to reach 165,000 kilometers by 2025, with high-speed rail reaching 50,000 kilometers [3] Digital Transformation in Railways - The China State Railway Group has prioritized technological innovation as one of its top ten tasks for 2025 [4] - By 2025, the smart railway technology system is expected to be significantly improved, with widespread application of technologies such as Beidou satellite navigation, 5G, AI, and big data [4] - The "Digital Railway Plan" aims for substantial improvements in railway digitalization by 2027, establishing a comprehensive framework for intelligent operations [4] AI Integration and Company Strategy - The company has established the Jiaxun Feihong (Beijing) Intelligent Technology Research Institute since 2017, focusing on AI applications [5] - The company has developed a series of AI-driven products and solutions for railway safety and efficiency, leveraging its "AI+" innovation engine [5][6] - Successful pilot applications of AI technology have been implemented in railway dispatching, comprehensive operations, and security monitoring [5] AI Product Achievements - The "Feihong Cloud" platform provides a private cloud solution tailored for rail transport applications, ensuring secure and efficient operations [7] - The "Feihong Integrated Dispatch Communication Platform" combines AI, big data, and IoT technologies for enhanced dispatching capabilities [8] - The "Feihong Video IoT Platform" utilizes AI and IoT for real-time monitoring and data analysis in railway scenarios [9] - The "Feihong Wenda" product serves as an intelligent assistant for the railway industry, focusing on training and knowledge management [10] Future Outlook and Risk Considerations - The company aims to explore more AI applications in the railway sector, contributing to the industry's digital transformation [13] - The integration of DeepSeek technology has enhanced the performance of various products, including predictive maintenance capabilities [12] - The company acknowledges uncertainties in product development and market promotion, advising investors to be aware of potential risks [14][16]

Core Viewpoint - Beijing Jiaxun Feihong Electric Co., Ltd. (referred to as "Jiaxun Feihong") has partnered with Huawei Technologies Co., Ltd. (referred to as "Huawei") to develop an intelligent solution for the railway industry based on DeepSeek, marking a new chapter in their deep collaboration [1] Group 1 - The collaboration aims to leverage Huawei's Ascend computing cluster to successfully complete the full-stack localized deployment of the billion-parameter models "DeepSeek-R1-671B (full version)/DeepSeek-V3-671B (full version)/DeepSeek-R1 (distilled version)" [1] - The deployment integrates customer requirement scenarios with innovative AI technologies [1]

e公司讯，2月20日，据佳讯飞鸿官微消息，公司率先完成旗下智能知识问答助手"飞鸿问道"与DeepSeek 的深度接入，探索轨道交通行业智能化新方向。 未来，佳讯飞鸿将持续探索AI在轨道交通更多应用场景的可能性，为行业智能化升级贡献更多"佳讯方 案"。 ...

证券代码：300213 证券简称： 佳讯飞鸿 公告编号：2024-062 北京佳讯飞鸿电气股份有限公司 关于实际控制人部分股票提前解除质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 北京佳讯飞鸿电气股份有限公司（以下简称"公司"或"本公司"）于近日接 到公司控股股东、实际控制人林菁先生的通知，获悉林菁先生于2024年12月26日办 理了其所持有的本公司5,000,000股股票提前解除质押的业务，具体情况如下： 二、股东股份累计质押基本情况 截至本公告披露日，林菁先生所持股份及质押股份情况如下： | | | | | 合计占 | 合计占 | 已质押股份情况 | | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 持股数量 | 持股 | 累计质押数 | 其所持 | 公司总 | 已质押股份 | 占已质 | 未质押 | 占未 | | 名称 | （股） | 比例 | 量（股） | 股份比 | 股本比 | 限售和冻 | 押股份 | 股份限 | 质押 ...