中信证券股份有限公司 关于成都唐源电气股份有限公司 向特定对象发行股票 之 上市保荐书 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年八月 3-3-1 成都唐源电气股份有限公司 上市保荐书 声 明 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）接受成都唐 源电气股份有限公司（以下简称"唐源电气"、"发行人"或"公司"）的委托， 担任其向特定对象发行股票的保荐人。 保荐人及其保荐代表人根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司证券 发行注册管理办法》（以下简称"《注册管理办法》"）等法律法规和中国证券监 督管理委员会（以下简称"中国证监会"）及深圳证券交易所（以下简称"深交 所"）的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行业 自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 本上市保荐书中，除上下文另有所指，释义与《成都唐源电气股份有限公司 向特定对象发行股票募集说明书》相同。 3-3-2 成都唐源电气股份有限公司 上市保荐书 一、发行人基本情况 （一 ...

关于向特定对象发行股票申请获得深圳证券交易所受理的公告 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。 成都唐源电气股份有限公司（以下简称"公司"）于2025年8月28日收到深圳证 券交易所（以下简称"深交所"）出具的《关于受理成都唐源电气股份有限公司向 特定对象发行股票申请文件的通知》（深证上审〔2025〕164号）。深交所对公司报 送的向特定对象发行股票的申请文件进行了核对，认为申请文件齐备，决定予以受 理。 证券代码：300789 证券简称：唐源电气 公告编号：2025-083 成都唐源电气股份有限公司 成都唐源电气股份有限公司董事会 2025年8月28日 公司本次向特定对象发行股票的事宜尚需通过深交所审核，并获得中国证券监 督管理委员会（以下简称"中国证监会"）同意注册后方可实施，最终能否通过深 交所审核并获得中国证监会同意注册的决定及时间仍存在不确定性。公司将根据该 事项进展情况及时履行信息披露义务，敬请广大投资者谨慎决策，注意投资风险。 特此公告。 ...

关于2025年半年度计提信用减值损失和资产减值损失的 证券代码：300789 证券简称：唐源电气 公告编号：2025-082 成都唐源电气股份有限公司 单位：元 | 项目 | 本期发生额 | 利润表列报科目 | 对应金额 | | --- | --- | --- | --- | | 应收票据坏账准备 | 414,154.51 | | 414,154.51 | | 应收账款坏账准备 | 11,177,458.05 | 信用减值损失 | 11,177,458.05 | | 其他应收款坏账准备 | 341,373.86 | | 341,373.86 | | 合同资产减值准备 | -223,200.76 | 资产减值损失 | -223,200.76 | | 合计 | 11,709,785.66 | | 11,709,785.66 | 2025年半年度公司共计提信用减值损失11,932,986.42元，其中计提应收票 据坏账准备414,154.51元，计提应收账款坏账准备11,177,458.05元，计提其他 应收款坏账准备341,373.86元；2025年半年度公司共计提资产减值损失- 223,200.76元，其中合同 ...

唐源电气 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 非经营性资金 | | 占用方与上 | 上市公司核算 | 2025 年期 | | 2025 年上半年占 | 2025 | 年上半年 | 2025年上半 | 2025年半年 | 占用形成 | 占用性 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 占用 | 资金占用方名称 | 市公司的关 | 的会计科目 | 初占用资 | | 用累计发生金额 | | 占用资金的利 | 年偿还累计 | 度期末占用 | 原因 | 质 | | | | 联关系 | | 金余额 | | （不含利息） | 息（如有） | | 发生金额 | 资金余额 | | | | 控股股东、实际 | | | | | | | | | | | | | | 控制人及其附 | | | | | | | | | | | | | | 属企业 | | | | | | | | | | | | | | 小计 | | | | | | | | | | | | | | 前控股股东、实 | ...

证券代码：300789 证券简称：唐源电气 公告编号：2025-081 成都唐源电气股份有限公司 第四届董事会第三次会议决议公告 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、董事会会议召开情况 成都唐源电气股份有限公司（以下简称"公司"）第四届董事会第三次会 议于2025年8月28日以通讯表决的方式召开。会议通知于2025年8月18日以电子 邮件方式发出。本次董事会应出席董事7人，实际出席董事7人，会议由董事长 陈唐龙先生主持，公司高级管理人员列席了会议。本次会议的召集、召开符合 相关法律、行政法规、部门规章、规范性文件及《成都唐源电气股份有限公司 章程》的有关规定。 二、董事会会议审议情况 本次会议以记名投票方式进行表决并通过了如下议案： 1、审议通过《关于公司<2025年半年度报告>全文及其摘要的议案》 董事会认为：公司《2025 年半年度报告》全文及摘要的编制和审核程序符 合法律、行政法规、中国证监会和深圳证券交易所的规定，报告内容真实、准 确、完整地反映了公司 2025 年上半年经营的实际情况，不存在任何虚假记载、 误导性陈述或重大遗漏。 本议 ...

Financial Performance - The company's revenue for the reporting period was ¥289,960,970.29, a decrease of 7.91% compared to ¥314,877,918.61 in the same period last year[22]. - Net profit attributable to shareholders was ¥33,600,855.46, down 27.60% from ¥46,407,378.61 year-on-year[22]. - The net profit excluding non-recurring gains and losses was ¥27,615,128.13, reflecting a decline of 36.14% from ¥43,243,287.33 in the previous year[22]. - The basic earnings per share decreased by 28.24% to ¥0.2338 from ¥0.3258 in the same period last year[22]. - The total assets at the end of the reporting period were ¥1,572,060,056.47, down 3.32% from ¥1,625,971,630.87 at the end of the previous year[22]. - The company's net assets attributable to shareholders increased by 1.51% to ¥1,051,107,590.41 from ¥1,035,471,448.72 at the end of the previous year[22]. - The company's operating revenue for the reporting period was ¥289,960,970.29, representing a decrease of 7.91% compared to the previous year[112]. - Operating costs decreased by 9.94% to ¥179,957,416.98, while sales expenses increased by 7.96% to ¥14,777,566.98[112]. - Research and development investment rose by 4.26% to ¥36,954,768.31, indicating a continued focus on innovation[113]. - The net cash flow from operating activities was -¥54,762,767.85, a decline of 25.22% year-on-year[113]. Market and Industry Insights - The global machine vision market size was approximately ¥879.17 billion in 2022, with a year-on-year growth of 9.35%[34]. - The machine vision market is expected to exceed ¥1,200 billion by 2025, with a CAGR of 13.22% from 2022 to 2025[34]. - The intelligent manufacturing market in China is projected to reach 4.8 trillion yuan by 2024 and is expected to exceed 5.5 trillion yuan by 2025[45]. - The smart emergency equipment industry in China has exceeded 700 billion yuan, with a target to surpass 1 trillion yuan by 2025[44]. - The maintenance and operation market for rail transit is projected to grow significantly as early operational vehicles enter major repair phases, indicating a substantial potential for the aftermarket[39]. Technological Developments - The company focuses on core technologies such as machine vision, robotics, and artificial intelligence, targeting sectors like smart transportation and intelligent manufacturing[29]. - The company is expanding its core technologies in machine vision and artificial intelligence from smart rail transit to smart highways, emergency response, and intelligent manufacturing[35]. - The company is leveraging big data and AI technologies to create a comprehensive monitoring system for infrastructure health, including landslide warnings and bridge monitoring[76]. - The company has developed intelligent detection equipment for contact networks, which reduces manual maintenance work and improves efficiency, leading to lower labor costs[65]. - The company is focusing on integrating AI technologies into its products to maintain a competitive edge in the market[145]. Corporate Governance and Management - The report indicates that all board members attended the meeting to review the semi-annual report, ensuring accountability for its accuracy[3]. - The company's financial report is guaranteed to be true, accurate, and complete by its management team[3]. - The company has established a sound corporate governance structure to protect the rights and interests of shareholders and investors[158]. - The company adheres to labor laws and has signed labor contracts with all employees, ensuring their legal rights are protected[158]. - The company actively participates in public welfare and social responsibility initiatives, contributing positively to society[159]. Strategic Plans and Future Outlook - The company emphasizes the uncertainty of future development strategies and operational plans, which depend on market conditions[3]. - The company aims to maintain high gross margins despite potential risks from market competition and rising costs, supported by increasing investment in rail transit construction[142]. - The company is actively pursuing partnerships and collaborations to accelerate technology application and innovation in its operations[145]. - The company has outlined its market expansion plans, particularly in the areas of mine safety and natural disaster monitoring, indicating a strong future growth potential[148]. - The company plans to invest 6 million yuan to establish a joint venture in Panzhihua City, Sichuan Province, with a non-related individual[187]. Shareholder Information - The company reported no cash dividends, stock bonuses, or capital increases from reserves for the current period[4]. - The company completed the vesting registration of 128,981 restricted stocks for 9 incentive objects, with the listing date set for June 18, 2025[156]. - The total number of shares increased from 143,720,076 to 143,849,057 due to the vesting of 128,981 restricted stock units[193]. - The largest shareholder, Zhou Yan, has increased her holdings by 39,013 shares during the reporting period[199]. - The company has a total of 44,898,346 shares locked by executives, with a total of 44,953,104 shares accounted for[197].

Core Viewpoint - Tangyuan Electric has signed a comprehensive strategic cooperation agreement with Vietnam's University of Transport and the Vietnam Construction Corporation to promote the development of rail transit technology in Vietnam and Southeast Asia [1] Company Overview - As of August 22, 2025, Tangyuan Electric's stock price is 31.36 yuan, down 1.97% from the previous trading day, with a trading volume of 112 million yuan and a turnover rate of 3.60% [1] - The company operates in the software development, robotics, and specialized sectors, focusing on intelligent solutions for rail transit [1] Strategic Cooperation - The cooperation will involve technology research and development, talent training, and market expansion, covering urban rail transit and high-speed rail sectors [1] Financial Overview - On August 22, the main capital outflow was 4.9034 million yuan, with a cumulative net outflow of 50.426 million yuan over the past five days [1]

Core Viewpoint - Tangyuan Electric has signed a comprehensive strategic cooperation agreement with the University of Transport and Communications (UTC) and Vietnam Construction Corporation, positioning itself as a priority strategic partner in the railway sector in Vietnam, focusing on urban rail transit and high-speed rail development [1][2]. Group 1: Cooperation Objectives - The agreement aims to integrate resources and advantages among the parties to promote the development of railway transportation technology and talent cultivation in Vietnam and Southeast Asia [1][3]. - Key cooperation directions include advancing technology research and application in the railway sector, talent training, academic and technical exchanges, and collaboration among enterprises, universities, and research institutions [3][4]. Group 2: Partner Profiles - UTC is a prominent engineering university in Vietnam with approximately 27,000 students and nearly 40 majors, focusing on transportation engineering, railway transport, civil engineering, mechanical engineering, and information technology [4]. - Vietnam Construction Corporation, established in 2009, is a leading EPC contractor in Vietnam, specializing in industrial plants, civil construction, transportation engineering, and infrastructure, with a strong track record in executing projects for international companies [4]. Group 3: Market Potential - Vietnam is seen as a key participant in the Belt and Road Initiative, with significant demand for railway construction, providing a favorable market entry point for the company [4][5]. - The company believes that its focus on machine vision intelligent detection equipment and the integration of artificial intelligence and robotics has vast application prospects in Vietnam and surrounding countries [5].

证券代码：300789 证券简称：唐源电气 公告编号：2025-078 成都唐源电气股份有限公司 关于公司签署全面战略合作协议的公告 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。 特别提示： 1、本次签署的《全面战略合作协议》属于三方基于合作意愿的战略性约定，具 体实施内容和进度尚存在不确定性。公司后续将根据具体产品销售、项目推进的进 展情况，签订相应的合作协议，具体合作内容以各方后续签订的具体协议为准。 2、本协议为各方开展战略合作的框架性文件，不涉及具体金额，本协议的签署 对公司本年度的经营业绩不构成重大影响，对公司以后年度经营业绩的影响需视协 议各方后续具体合作协议的签订和实施情况而定。 一、协议签署概述 近日，成都唐源电气股份有限公司（以下简称"公司"）与越南交通运输大学 （University of Transport and Communications）、越南合力建设股份公司（HOP LUC CONSTRUCTION JOINT STOCK COMPANY，以下简称"合力建设"）在越南河内 签署了《全面战略合作协议》（以下简称"协议"或"本协议 ...

Market Overview - On August 21, the computer equipment sector rose by 0.11% compared to the previous trading day, with Sanwei Xinan leading the gains [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Top Gainers in Computer Equipment Sector - Sanwei Xinan (688489) closed at 51.70, up 20.01% with a trading volume of 50,900 lots and a transaction value of 255 million [1] - Yuyin Co. (002177) closed at 9.09, up 10.05% with a trading volume of 243,000 lots and a transaction value of 221 million [1] - Tangyuan Electric (300789) closed at 31.99, up 6.60% with a trading volume of 61,700 lots [1] - Newland (000997) closed at 30.68, up 4.75% with a trading volume of 537,700 lots and a transaction value of 1.654 billion [1] Top Losers in Computer Equipment Sector - Luopute (1988899) closed at 17.96, down 6.85% with a trading volume of 104,300 lots and a transaction value of 191 million [2] - Huijin Co. (300368) closed at 15.96, down 6.01% with a trading volume of 949,700 lots and a transaction value of 1.554 billion [2] - Yimikang (300249) closed at 17.26, down 5.94% with a trading volume of 508,500 lots [2] Capital Flow Analysis - The computer equipment sector experienced a net outflow of 2.693 billion from institutional investors, while retail investors saw a net inflow of 2.055 billion [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional selling and retail buying [2] Individual Stock Capital Flow - New Guodu (300130) had a net inflow of 14.8 million from institutional investors, while retail investors had a net outflow of 20.76 million [3] - Yuyin Co. (002177) saw a net inflow of 101 million from institutional investors, but a net outflow of 54.69 million from retail investors [3] - Sanwei Xinan (688489) had a net inflow of 54.64 million from institutional investors, with retail investors experiencing a net outflow of 15.72 million [3]