Group 1 - The core viewpoint of the article is that Chengdu Tangyuan Electric Co., Ltd. plans to raise up to 864 million yuan through a private placement to fund various projects related to intelligent operation and maintenance robots for rail transit, AI model development, and marketing service system upgrades [2][3] - The company aims to issue shares to no more than 35 investors, with the raised funds allocated for research and industrialization of intelligent operation and maintenance robots and AI models, as well as to supplement working capital [2] - Tangyuan Electric focuses on machine vision, robot control, embedded computing, digital twins, artificial intelligence, fault prediction, and health management, and has developed several intelligent operation and maintenance robot products for rail transit [2][3] Group 2 - The implementation of the fundraising projects will accelerate the company's core technology breakthroughs in intelligent perception and motion control, enhancing product competitiveness and responding better to customer needs [3] - The company plans to upgrade its marketing service system to align with its development strategy and operational goals, aiming to increase market penetration and customer satisfaction [3] - The fundraising will effectively enhance the company's capital strength, providing sufficient support for product development, upgrades, and industrialization [3]

证券代码：300789 证券简称：唐源电气 公告编号：2025-080 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 □适用 √不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 □适用 √不适用 公司是否具有表决权差异安排 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ 3、公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 □是 √否 4、控股股东或实际控制人变更情况 控股股东报告期内变更 □适用 √不适用 公司报告期控股股东未发生变更。 实际控制人报告期 ...

Core Viewpoint - Chengdu Tangyuan Electric Co., Ltd. reported a revenue of 290 million yuan and a net profit of 33.6 million yuan for the first half of 2025, focusing on AI technology and expanding into multiple industry scenarios [1] Group 1: Financial Performance - The company achieved a revenue of 290 million yuan and a net profit of 33.6 million yuan in the first half of the year [1] - The strategic focus includes "AI technology leadership + multi-industry scenario expansion + Belt and Road layout" [1] Group 2: Business Segments - The core business in smart transportation and the railway busification and smart station sectors saw year-on-year revenue growth [2] - The company successfully developed a new generation of drone intelligent inspection based on AI technology and completed high-speed collection tests on the Qinghai-Tibet Railway [2] - The smart emergency business achieved breakthroughs with the application of mining safety monitoring and early warning products in multiple regions [2] Group 3: Innovation and Development - The company adheres to the business philosophy of "sticking to the main business and innovating development," leveraging core technologies to continuously develop new products and technologies [3] - The company aims to create a unique "1+N" innovation development model to cultivate new profit growth points [3]

Core Viewpoint - Tangyuan Electric (300789.SZ) reported a decline in revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating revenue of 290 million yuan, a year-on-year decrease of 7.91% [1] - The net profit attributable to shareholders was 33.6 million yuan, down 27.60% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 27.6 million yuan, reflecting a year-on-year decline of 36.14% [1] - Basic earnings per share were reported at 0.2338 yuan [1]

Core Insights - Tangyuan Electric reported a revenue of 290 million yuan and a net profit of 33.6 million yuan for the first half of 2025, reflecting a strategic shift in its operations [1] Business Performance - The revenue from the vanadium-titanium resource development and utilization business decreased by 64.40% year-on-year [2] - The core business in smart transportation generated a revenue of 242 million yuan, marking a year-on-year growth of 21.97% [2] - Revenue from railway bus integration and smart station projects reached 15.2 million yuan, with a year-on-year increase of 43.66% [2] Technological Advancements - The company achieved significant breakthroughs in the smart rail transit sector, including the development of a new generation drone inspection system with dual-mode data processing capabilities [3] - Major advancements were made in high-altitude tunnel detection technology, successfully passing expert review after high-speed data collection tests [3] - Standardized application of ultrasonic rail flaw detection technology was established, laying a solid technical foundation for smart maintenance robots [4] Market Expansion and Future Outlook - The company is enhancing market promotion and project implementation in the railway bus integration and smart station sectors, with new systems already operational [4] - In the smart emergency and intelligent manufacturing sectors, various products and platforms are accelerating deployment [4] - Looking ahead, the company aims to leverage its core technologies to develop new products and explore new business segments aligned with emerging production capabilities [4] Fundraising and Investment Plans - The company announced a plan to raise up to 864 million yuan through a private placement, with proceeds aimed at developing smart operation robots and AI models for rail transit [5] - The fundraising is expected to enhance the company's capital strength and support product development and industrialization [5]

Group 1 - The core point of the article is that Tangyuan Electric (SZ 300789) held its fourth board meeting on August 28, 2025, to review the proposal for the 2025 semi-annual report [1] - For the year 2024, the revenue composition of Tangyuan Electric is as follows: smart transportation accounts for 73.08%, comprehensive utilization of solid waste resources accounts for 24.06%, and other industries account for 2.86% [1] - As of the report, Tangyuan Electric has a market capitalization of 4.1 billion yuan [1]

6-1 发行人最近一年的财务报告及其审计报告以及最近一期的财务报 告 | 名称 | 页码 | | --- | --- | | 发行人最近一年的财务报告及其审计报告 | 1 | | 发行人最近一期的财务报告 | 102 | | 索引 | 页码 | | --- | --- | | 审计报告 | 1-4 | | 公司财务报告 | | | 合并资产负债表 | 1-2 | | 母公司资产负债表 | 3-4 | | 合并利润表 | 5 | | 母公司利润表 | 6 | | 合并现金流量表 | 7 | | 母公司现金流量表 | 8 | | 合并股东权益变动表 | 9-10 | | 母公司股东权益变动表 | 11-12 | | 财务报表附注 | 13-92 | 6-1-1 联系电话: +86 (010) 6554 2288 信永中和会计师事务所| 北京市东城区朝阳门北大街 telephone: +86 (010) 6554 2288 8 号富华大厨 A 座 9 层 No.8. Chaovangmen Be Donachena District Be ertified public accountants 100027. P. ...

成都唐源电气股份有限公司 向特定对象发行Ａ股股票 之 法律意见书 2025 年 8 月 4-1-1 录 目 | 义 释 | | --- | | 文 正 | | 一、本次发行的批准和授权 | | 二、发行人本次发行的主体资格 . | | 三、本次发行的实质条件 | | 四、发行人的设立 . | | 五、发行人的独立性……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 12 | | 六、发行人的股东及实际控制人 | | 七、发行人的股本及其演变 | | 八、发行人的业务 | | 九、关联交易及同业竞争 . | | 十、发行人的主要财产 | | 十一、发行人的重大债权债务 | | 十二、发行人重大资产变化及收购兼并 ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 21 | ...

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 发行保荐书 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 | | | 成都唐源电气股份有限公司 发行保荐书 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， 担任成都唐源电气股份有限公司向特定对象发行股票（以下简称"本次证券发 行"、"本次向特定对象发行"或"本次发行"）的保荐人，为本次发行出具发 行保荐书。 保荐人及指定的保荐代表人根据《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》"）、《证券发行上市保荐业 务管理办法》（以下简称"《保荐业务管理办法》"）等有关法律、法规和中国证券 监督管理委员会（以下简称"中国证监会"）的有关规定，诚实守信，勤勉尽责， 严格按照依法制订的业务规则、行业执业规范和道德准则出具发行保荐书，并保 证所出具文件的真实性、准确性和完整性。若 ...

成都唐源电气股份有限公司 募集说明书 向特定对象发行股票募集说明书 股票代码：300789 股票简称：唐源电气 成都唐源电气股份有限公司 Chengdu Tangyuan Electric Co.,Ltd. （四川省成都市武侯区武科西一路 9 号） （申报稿） 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 二零二五年八月 1-1-1 成都唐源电气股份有限公司 募集说明书 声 明 1、公司及董事会全体成员保证本募集说明书内容真实、准确、完整，并确 认不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承担相 应的法律责任。 2、本募集说明书按照《上市公司证券发行注册管理办法》《公开发行证券的 公司信息披露内容与格式准则第 61 号——上市公司向特定对象发行股票募集说 明书和发行情况报告书》等要求编制。 3、本次向特定对象发行股票完成后，公司经营与收益的变化由公司自行负 责；因本次向特定对象发行股票引致的投资风险，由投资者自行负责。 4、本募集说明书是公司董事会对本次向特定对象发行股票的说明，任何与 之相反的声明均属不实陈述。 5、投资者如有任何疑问，应咨询自己的股票经 ...