Core Viewpoint - Sujiao Technology announced that the company has no overdue guarantees, no litigation-related guarantees, and no losses due to judgments against guarantees [2] Group 1 - The company confirmed the absence of overdue guarantees [2] - The company stated there are no guarantees involved in litigation [2] - The company reported no losses from judgments related to guarantees [2]

证券代码：300284 证券简称：苏交科 公告编号：2025-060 苏交科集团股份有限公司 关于为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 苏交科集团股份有限公司（以下简称"公司"或"苏交科"）于2025年4月12 日召开第六届董事会第三次会议、第六届监事会第二次会议，并于2025年5月9日 召开2024年度股东大会，审议通过了《关于公司及子公司2025年度向银行申请综 合授信额度及对外担保额度预计的议案》，同意公司及子公司2025年度向银行申 请不超过人民币123亿元的综合授信额度，公司或子公司为合并报表范围内部分子 公司向银行申请的综合授信业务提供担保，总额度预计不超过人民币21.2922亿元， 其中为资产负债率大于等于70%的子公司提供担保额度不超过人民币4.755亿元。 担保额度在有效期内可循环滚动使用，任一时点的实际担保余额不得超过上述额 度。担保方式包括但不限于保证、抵押、质押等，同时，在不超过上述担保总额 度的情况下，担保额度可在合并报表范围内子公司（包括新增或新设子公司）之 间进行调剂，实际担 ...

Core Points - The major shareholder, Fu Guanhua, plans to reduce holdings by up to 10 million shares, representing 0.7919% of the total share capital of Sujiao Technology (300284) [1] - The company’s Secretary, Pan Lingsong, intends to reduce holdings by up to 1.8 million shares, accounting for 0.1425% of the total share capital [1] - The Vice President, Zhang Haijun, plans to reduce holdings by up to 800,000 shares, which is 0.0633% of the total share capital [1] - In total, the aforementioned parties plan to reduce their holdings by no more than 12.6 million shares [1]

证券代码：300284 证券简称：苏交科 公告编号：2025-059 苏交科集团股份有限公司 关于持股5%以上股东、高管减持股份的预披露公告 持股 5%以上股东符冠华、董事会秘书潘岭松、副总裁张海军保证向本公司 提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、持股 5%以上股东符冠华持有公司股份 126,933,376 股，占公司总股本比 例 10.0515%；其一致行动人上海迎水投资管理有限公司－省心享迎水晋泰嘉裕 16 号私募证券投资基金（以下简称"迎水 16 号基金"）持有公司股份 24,428,000 股，占公司总股本比例 1.9344%。符冠华与其一致行动人迎水 16 号基金合计持 有公司股份 151,361,376 股，占公司总股本比例 11.9859%。符冠华计划在本公告 披露之日起 15 个交易日后的 3 个月内（2025 年 12 月 1 日-2026 年 2 月 28 日） 以集中竞价方式减持不超过 1,000 万股公司股份（占公司总股本的 0.7919%）。 2、公司董事会秘书潘岭松 ...

Market Performance - The ride-hailing concept index rose by 0.77%, ranking fourth among concept sectors, with 15 stocks increasing in value [1] - Leading stocks included Haima Automobile, which hit the daily limit, and others like Changbai Mountain, Shikong Technology, and Longzhou Co., which rose by 7.38%, 4.13%, and 3.44% respectively [1] Capital Flow - The ride-hailing sector experienced a net outflow of 631 million yuan, with 8 stocks seeing net inflows, and 5 stocks receiving over 10 million yuan in net inflows [2] - Changbai Mountain led the net inflow with 57.70 million yuan, followed by Haima Automobile, Sujiao Technology, and Wanma Technology with net inflows of 39.65 million yuan, 23.41 million yuan, and 21.92 million yuan respectively [2] Stock Performance - The top performers in the ride-hailing sector included: - Changbai Mountain: +7.38% with a turnover rate of 10.42% and a net inflow of 57.70 million yuan [3] - Haima Automobile: +10.06% with a turnover rate of 12.11% and a net inflow of 39.65 million yuan [3] - Sujiao Technology: +2.25% with a net inflow rate of 9.71% [3] - Stocks with significant net outflows included Yinxi Technology and Dazhong Transportation, with outflows of 19.78 million yuan and 27.89 million yuan respectively [4]

Core Insights - The engineering consulting services sector saw a slight increase of 0.29% on November 4, with Zhaobiao Co. leading the gains [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Zhaobiao Co. (301136) closed at 15.34, up 20.03% with a trading volume of 483,500 shares and a transaction value of 695 million [1] - Jianfa Heceng (603909) closed at 13.00, up 4.75% with a trading volume of 211,900 shares and a transaction value of 271 million [1] - Huajian Group (600629) closed at 24.01, up 2.52% with a trading volume of 796,400 shares and a transaction value of 1.9 billion [1] - Sujiao Ke (300284) closed at 8.65, up 2.25% with a trading volume of 128,060 shares and a transaction value of 241 million [1] Capital Flow - The engineering consulting services sector experienced a net outflow of 352 million from institutional investors, while retail investors saw a net inflow of 292 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2][3]

Core Points - The stock price of Sujiao Technology increased by 2.36% on November 4, reaching 8.66 CNY per share, with a total market capitalization of 10.936 billion CNY [1] - The company has experienced a year-to-date stock price decline of 13.92%, but has seen a slight increase of 2.36% over the last five trading days [1] - Sujiao Technology's main business involves traffic engineering consulting and contracting, with 99.70% of its revenue coming from engineering consulting [1] Financial Performance - As of September 30, Sujiao Technology reported a revenue of 2.769 billion CNY for the first nine months of 2025, a decrease of 5.00% year-on-year [2] - The net profit attributable to shareholders for the same period was 79.0378 million CNY, down 48.39% year-on-year [2] Shareholder Information - The number of shareholders decreased by 8.43% to 55,700 as of September 30, with an average of 21,499 circulating shares per shareholder, an increase of 9.21% [2] - Since its A-share listing, Sujiao Technology has distributed a total of 1.421 billion CNY in dividends, with 466.7 million CNY distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders include the Southern CSI 1000 ETF, which is a new entrant holding 6.9262 million shares [3]

Investment Rating - The report maintains a rating of "Accumulate" for the company [4] Core Views - The company's performance is under pressure in the short term, with revenue and profit declining significantly. For the first three quarters of 2025, the company achieved revenue of 2.769 billion yuan, down 5.00% year-on-year, and a net profit attributable to shareholders of 79 million yuan, down 48.39% year-on-year [1] - The company is focusing on low-altitude economy and digital transformation as new growth drivers, leveraging technology to enhance its business model and market position [3] Financial Performance Summary - For Q1-Q3 2025, the company's gross margin was 30.58%, a decrease of 1.06 percentage points year-on-year, with Q3 gross margin at 28.28%, down 7.47 percentage points year-on-year. The operating expense ratio increased to 21.36%, up 0.99 percentage points year-on-year [2] - The company is projected to achieve revenues of 4.634 billion yuan, 4.594 billion yuan, and 4.569 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 176 million yuan, 191 million yuan, and 210 million yuan for the same years [4][6]

Core Insights - A cooperation agreement has been signed among China Mobile (Shanghai) Information Communication Technology Co., Ltd. (referred to as "China Mobile Research Institute"), Beijing Changzhiyun Information Technology Co., Ltd. (referred to as "Changzhiyun"), and Sujiao Technology Group Co., Ltd. (referred to as "Sujiao Technology") [1] Group 1 - The collaboration aims to leverage China Mobile's expertise in 5G communication technology, Changzhiyun's specialization in artificial intelligence, and Sujiao Technology's extensive experience in the transportation infrastructure sector [1] - The strategic synergy will focus on building an ecosystem that integrates "AI + Communication + Infrastructure" [1]

Core Points - The 2025 High-Quality Development Conference for the Transportation Industry was successfully held in Nanjing, Jiangsu Province, focusing on advanced construction methods, surveying design, and BIM technology [1][9] - The conference featured keynotes on the integration of artificial intelligence in transportation, addressing current industry challenges, and the digital transformation of highway development [3][5] Group 1: Conference Overview - The conference was organized by the China Transportation Association and supported by various educational and engineering institutions [1] - Keynote speeches included topics such as "Artificial Intelligence + Transportation" and "High-Quality Development and Digital Transformation" [3] Group 2: Keynote Highlights - The former director of the Ministry of Transport's Science and Technology Department discussed the current applications and future directions of AI in transportation [3] - A national design master highlighted the need for a full lifecycle business curve in engineering to address issues like design-construction disconnection and data silos [3] - The former deputy director of the Ministry of Transport's Highway Bureau presented five development goals and three key tasks for the digital transformation of highways [3] Group 3: Technical Sharing - Presentations included the integration of digital technology throughout the lifecycle of highway engineering and innovations in prefabricated structure intelligent equipment [5] - Award-winning projects showcased successful applications of BIM technology and innovative construction methods [7] Group 4: Conclusion - The conference served as a platform for technical exchange and consensus building within the transportation industry, contributing to the goal of high-quality development in transportation [9]