Core Insights - The Chengyu Expressway logistics autonomous truck convoy project marks a significant step in the development of smart logistics ecosystems, with multiple strategic partnerships established to enhance the commercialization of autonomous driving technology [1][3][4] Group 1: Strategic Collaborations - Yangsi Technology, a subsidiary of Yunda Technology, has formed a joint venture with Mainline Technology to provide key technology solutions for autonomous trucks to mainstream manufacturers and logistics companies [3] - Strategic cooperation has been established between Yangsi Technology, Mainline Technology, and Xizhong Automobile, focusing on collaborative innovation in new energy and intelligent technology chains [3][4] - The collaboration aims to create a complete industrial closed loop from core technology research and development to vehicle manufacturing [3][4] Group 2: Market Context and Challenges - The Chinese trunk freight market exceeds 6 trillion yuan, facing challenges such as low freight rates, unstable services, and waste in intermediate links [4] - The project is positioned as a model for cooperation between government and enterprises, aligning with national policy directions and industrial development logic [3][4] Group 3: Technological Advancements - The autonomous truck convoy technology developed by Yangsi Technology integrates autonomous driving, vehicle-to-vehicle communication, and vehicle-road-cloud collaboration, enabling mixed convoy operations [5][6] - Data indicates that the autonomous freight convoy solution can reduce overall operating costs by over 20%, improve energy efficiency by 18% to 20%, and achieve carbon reduction benefits exceeding 20% [5] Group 4: Operational and Ecological Value - The project aims to enhance logistics efficiency and reduce operational costs while optimizing road resource allocation [5][7] - The "vehicle-road-cloud-transport-service" platform being developed will facilitate digital scheduling and safety supervision of autonomous trucks, improving circulation efficiency [7] - The collaboration with Xizhong Automobile creates a closed loop of "technology research and development - vehicle manufacturing - scene application," supporting the development of an intelligent connected vehicle industry cluster in Chengdu [7]

Core Viewpoint - Yunda Technology announced the release of 12,000,000 shares pledged by its controlling shareholder, Yunda Innovation (Chengdu) Investment Co., Ltd. [1] Summary by Category - **Company Announcement** - Yunda Technology received a notification regarding changes in the pledge status of shares held by its controlling shareholder [1] - The number of shares released from pledge is 12,000,000 [1]

证券代码：300440 证券简称：运达科技 公告编号：2025-059 成都运达科技股份有限公司 关于控股股东部分股份解除质押的公告 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。 一、股东股份质押基本情况 成都运达科技股份有限公司（以下简称"公司"）近日接到控股股东运达创 新（成都）投资有限公司（以下简称"运达创新"）通知，获悉运达创新所持有 本公司的部分股份质押情况发生变化，具体事项如下： （一）股东股份质押基本情况 | 1．控股股东部分股份解除质押基本情况 | | --- | | 股东 | 是否为控 股股东或 第一大股 | 本次解除质 | 占其所持 | 占公司 总股本 | 质押开始 | 解除质押日 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | | 押股数 | 股份比例 | | 日期 | 期 | | | | 东及其一 | | | 比例 | | | | | | 致行动人 | | | | | | | | 运 达 | 是 | 12,000,000 | 11.72% | 2.70% ...

Core Viewpoint - Yunda Technology (SZ 300440) announced its third quarter report for 2025 during the board meeting held on October 27, 2025, highlighting its revenue structure and current market valuation [1]. Company Summary - Yunda Technology's revenue for the first half of 2025 was primarily derived from software and information technology services, accounting for 99.65% of total revenue, while other business segments contributed only 0.35% [1]. - As of the report, Yunda Technology's market capitalization stands at 6.4 billion yuan [1].

Core Viewpoint - Yunda Technology (300440.SZ) reported a revenue of 473 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 4.31% [1] - The net profit attributable to shareholders of the listed company was 40.0678 million yuan, showing a year-on-year increase of 1.34% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 28.5777 million yuan, which represents a year-on-year decrease of 23.90% [1] - The basic earnings per share stood at 0.0925 yuan [1] Financial Performance - Revenue for the first three quarters: 473 million yuan, up 4.31% year-on-year [1] - Net profit attributable to shareholders: 40.0678 million yuan, up 1.34% year-on-year [1] - Net profit after deducting non-recurring gains and losses: 28.5777 million yuan, down 23.90% year-on-year [1] - Basic earnings per share: 0.0925 yuan [1]

证券代码：300440 证券简称：运达科技 公告编号：2025-057 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。 成都运达科技股份有限公司 一、董事会会议召开情况 第五届董事会第二十三次会议决议公告 表决情况：9 票赞成、0 票反对、0 票弃权。本议案获得通过。 经审议，董事会认为：公司《2025 年第三季度报告全文》的内容真实、准 确、完整地反映了公司本报告期经营的实际情况，不存在任何虚假记载、误导性 陈述或者重大遗漏；报告编制和审核程序符合法律、行政法规的要求，符合中国 证监会和深交所的相关规定。 《2025 年第三季度报告》中的财务信息已经董事会审计委员会审议通过。 2.召开董事会会议的时间、地点和方式：本次董事会会议于 2025 年 10 月 27 日在成都高新区康强四路 99 号成都运达科技股份有限公司会议室以现场及通讯 表决方式召开。 3.会议出席人数：本次董事会会议应出席董事 9 名，实际出席董事 9 名，其 中何鸿云、朱金陵、王玉松、周晓莉以现场表决方式出席，沈力、徐总茂、顾诚、 黄庆、吉利以通讯表决方式出席。 4.会议的主持人：本次董事 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥184,106,394.60, a decrease of 16.24% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥23,602,176.99, down 5.78% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥15,014,233.56, a decline of 38.22% compared to the previous year[5]. - The basic earnings per share for the period was ¥0.0545, down 6.03% year-on-year[5]. - Total operating revenue for the current period reached ¥472,801,412.51, an increase of 4.3% compared to ¥453,268,896.40 in the previous period[19]. - Net profit for the current period was ¥42,204,509.06, representing a growth of 10.3% from ¥38,237,557.26 in the prior period[20]. - Basic earnings per share for the current period is 0.0925, compared to 0.0915 in the previous period, showing a slight increase[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,293,418,714.44, representing a decrease of 8.29% from the end of the previous year[5]. - The company's total assets decreased to ¥2,293,418,714.44 from ¥2,500,664,167.60, a decline of 8.3%[17]. - Total liabilities also decreased to ¥646,030,913.84 from ¥873,082,368.72, a reduction of 26.0%[17]. - The equity attributable to shareholders of the parent company increased to ¥1,629,071,608.96 from ¥1,609,653,523.37, a rise of 1.2%[17]. - The total liabilities to equity ratio improved to 39.2% from 53.7%, indicating a stronger financial position[17]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥559,508.54, a significant decline of 104.82% compared to the previous period[9]. - Net cash flow from operating activities is -559,508.54, a significant decrease from 11,597,255.86 in the previous period[21]. - Cash inflow from investment activities is 591,052,850.49, up from 228,237,858.52 in the previous period[22]. - Cash outflow from investment activities totals 671,086,534.56, compared to 296,056,701.75 in the previous period, resulting in a net cash flow from investment activities of -80,033,684.07[22]. - Net cash flow from financing activities is -32,708,101.19, an improvement from -65,128,669.17 in the previous period[22]. - The ending balance of cash and cash equivalents is 68,783,428.90, down from 149,831,908.55 in the previous period[22]. - Cash received from sales of goods and services is 677,650,684.36, a decrease from 694,355,113.85 in the previous period[21]. - Cash received from tax refunds is 13,174,276.24, down from 16,559,228.22 in the previous period[21]. - Total cash outflow from operating activities is 737,019,557.15, slightly lower than 737,167,095.16 in the previous period[21]. Investments and Shareholder Information - The company reported a significant increase in long-term equity investments, reaching ¥79,676,004.59, a rise of 13,352.98% compared to the previous period[8]. - The company recorded a substantial increase in asset disposal gains, amounting to ¥232,213.27, reflecting a 2888.23% change compared to the previous period[9]. - The total number of common shareholders at the end of the reporting period is 17,305[11]. - The largest shareholder, Yunda Innovation (Chengdu) Investment Co., Ltd., holds 23.07% of the shares, totaling 102,417,464 shares, with 73,980,000 shares pledged[11]. - The company has completed the transfer of 40% equity in Xi'an Weide Aviation Simulation Equipment Co., Ltd. for a total consideration of RMB 47,617,406, with RMB 24,311,704.60 received by mid-2025[13]. - The company has transferred 15% equity in Shanghai Shenze Smart Rail Technology Co., Ltd. to Shanghai Haijing for RMB 750,000[14]. - The company acquired 40% equity in Yangsi (Chengdu) Technology Co., Ltd. for RMB 80 million, with the transfer completed by July 8, 2025[14]. Research and Development - Research and development expenses were ¥55,415,284.79, down from ¥62,050,639.47, indicating a decrease of 10.5%[19]. Audit Status - The company’s financial report for the third quarter has not been audited[23].

Market Overview - On October 27, the IT services sector rose by 1.09%, with Haixia Innovation leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Top Performers - Haixia Innovation (300300) closed at 7.66, with a significant increase of 20.06% and a trading volume of 1.7959 million shares, totaling a transaction value of 1.292 billion [1] - Huibo Yuntong (301316) saw a rise of 10.70%, closing at 55.64 with a transaction value of 1.315 billion [1] - Luqiao Information (920748) increased by 8.16%, closing at 45.98 with a transaction value of 181 million [1] Underperformers - Qiming Information (002232) experienced a decline of 5.97%, closing at 20.48 with a trading volume of 303.8 thousand shares and a transaction value of 625 million [2] - Liandi Information (920790) fell by 4.60%, closing at 65.66 with a transaction value of 91.6477 million [2] - Huichan Co., Ltd. (688500) decreased by 3.25%, closing at 70.63 with a transaction value of 214 million [2] Capital Flow - The IT services sector saw a net inflow of 230 million from institutional investors, while retail investors experienced a net inflow of 33.9954 million [2][3] - Major stocks like Haixia Innovation and Huasheng Tiancheng attracted significant institutional investment, with net inflows of 166 million and 149 million respectively [3] Summary of Individual Stock Performance - Haixia Innovation led with a net institutional inflow of 166 million, but faced a retail outflow of 62.8714 million [3] - Huasheng Tiancheng had a net institutional inflow of 149 million, with retail outflows totaling 124 million [3] - Other notable stocks included Hande Information (300170) with a net institutional inflow of 77.3047 million [3]

Group 1 - The current railway operating mileage in Chongqing has reached 3,130 kilometers, with high-speed rail mileage at 1,356 kilometers, an increase of 517 kilometers or 62% compared to the end of the 13th Five-Year Plan [1] - By 2027, four new high-speed rail lines are expected to be completed, including Chengdu-Chongqing, Chongqing-West, Chongqing-Wanzhou, and Chengdu-Dazhou-Wanzhou [1] - The Chengdu-Chongqing high-speed rail line is a crucial part of China's "Eight Vertical and Eight Horizontal" high-speed rail network and will reduce travel time between the two cities to 50 minutes [1] Group 2 - Wangbian Electric (603191) upgraded its power distribution and control equipment business through strategic acquisition, gaining a significant market share in railway electrification traction transformers [2] - Jiao Da Tie Fa (920027) specializes in the R&D, production, and sales of intelligent products and equipment for rail transit, participating in major projects like the Sichuan-Tibet Railway and Jakarta-Bandung High-Speed Railway [2] - New筑股份 (002480) is recognized for having the most comprehensive product certification in the bridge component industry, achieving high-level domestic substitution with its large displacement bridge expansion devices [2] - Silicon Treasure Technology (300019) produces silicone sealants for high-speed rail design, known for excellent adhesion to concrete [2] - Yunda Technology (300440) supplies products to all railway bureaus and major urban rail transit operators, with its high-speed train simulation training equipment being exported overseas [2] Group 3 - Tangyuan Electric (300789) provides traction power supply, engineering, and monitoring systems to 18 railway bureaus and over 40 metro companies [3] - Shangwei Co., Ltd. (603333) supplies general electric wire and cable products for metro projects in over 30 cities, including Beijing and Shanghai, as well as various railway projects [3]

成都运达科技股份有限公司（以下简称"公司"）于 2025 年 10 月 15 日召开 第五届董事会第二十二次会议，审议通过了《关于变更公司注册资本并修订公司 章程的议案》，现将相关事项公告如下： 一、公司注册资本变更情况 2022 年 5 月 5 日，公司第四届董事会第三十七次会议审议通过了《关于回 购部分社会公众股份的议案》（以下简称"2022 年股份回购方案"），同意公司使 用自有资金以集中竞价交易的方式回购公司部分社会公众股，用于实施员工持股 计划或者股权激励计划。截至 2022 年 11 月 5 日，该次股份回购期限届满并实施 完毕，公司累计通过股票回购专用证券账户以集中竞价交易方式回购公司股份 4,402,000 股，存放于公司回购账户中。 根据《公司法》《深圳证券交易所上市公司自律监管指引第 9 号——回购股 份》的相关规定，因将股份用于员工持股计划或者股权激励的，应当在披露回购 结果暨股份变动公告后三年内转让或者注销。公司回购专户中 2022 年股份回购 方案回购的股票留存期限即将届满，公司拟对回购账户中的 440.2 万股股份予以 注销。公司完成对回购账户该部分股份注销后，公司注册资本将由人民 ...