Core Insights - The company, Beijing Jiaotong University Sinno Technology Co., Ltd. (交大思诺), reported a revenue of 220 million yuan for the first three quarters of 2025, marking a year-on-year increase of 3.28% [1] - The net profit attributable to shareholders for the same period was 23.27 million yuan, reflecting an 18.12% year-on-year growth [1] - In the third quarter alone, the company achieved a revenue of 92.51 million yuan, which is a significant year-on-year increase of 63.97% [1] - The net profit for the third quarter was 11.09 million yuan, indicating a turnaround from loss to profit compared to the previous year [1] Company Overview - The main business of the company focuses on the research, design, production, sales, and technical support of key equipment for train operation control systems in rail transit [1] - The company's operations encompass the entire process of product system design, hardware and software development, and product realization [1]

证券代码：300851 证券简称：交大思诺 公告编号：2025-043 北京交大思诺科技股份有限公司 关于 2025 年第三季度报告披露的提示性公告 2025年10月29日 北京交大思诺科技股份有限公司（以下简称"公司"）于2025年10月27日召 开了第四届董事会第九次会议，审议通过了《关于公司<2025年第三季度报告> 的议案》。 为使投资者全面了解公司的经营成果及财务状况，公司《2025年第三季度报 告》已于2025年10月29日在中国证监会指定的创业板信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）上披露，敬请投资者注意查阅。 特此公告。 北京交大思诺科技股份有限公司 董事会 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。 ...

证券代码：300851 证券简称：交大思诺 公告编号：2025-045 北京交大思诺科技股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 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。 北京交大思诺科技股份有限公司（以下简称"公司"）于2025年10月27日召 开了第四届董事会第九次会议，审议并通过了《关于2025年前三季度计提资产减 值准备的议案》。现将具体情况公告如下： 一、本次资产减值准备情况概述 1、本次计提资产减值准备的原因 公司根据《企业会计准则》及公司会计政策的相关规定，基于谨慎性原则， 为了更加真实、准确地反映公司的资产与财务状况，对公司2025年9月30日应收 账款、其他应收款、存货、固定资产、在建工程、无形资产、商誉等资产进行资 产减值测试，并根据减值测试结果对其中存在减值迹象的资产相应计提了减值准 备。 2、本次计提资产减值准备的范围和总金额 对于购买或源生的已发生信用减值的金融资产，公司在资产负债表日仅将自 初始确认后整个存续期内预期信用损失的累计变动确认为损失准备。 公司对截至2025年9月30日合并会计报表范围内可能发 ...

证券代码：300851 证券简称：交大思诺 公告编号：2025-042 北京交大思诺科技股份有限公司 第四届董事会第九次会议决议公告 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、董事会会议召开情况 1、北京交大思诺科技股份有限公司(以下简称"公司")第四届董事会第九 次会议通知于 2025 年 10 月 20 日通过电子邮件、书面通知等形式送达，同时列 明了会议的召开时间、内容和方式。 2、本次董事会于 2025 年 10 月 27 日在公司会议室召开，以现场表决方式 进行。 3、本次董事会应出席董事 6 名，实际出席董事 5 名，缺席董事 1 人（董事 长李伟先生缺席本次会议，由公司董事兼副总经理张民先生代其履行相关职责）。 本议案已经公司审计委员会审议通过。 具体内容详见公司 2025 年 10 月 29 日刊载于中国证监会指定创业板信息披 露网站巨潮资讯网（www.cninfo.com.cn）上的《2025 年第三季度报告》（公告 编号：2025-044）。 表决结果：同意票 5 票、反对票 0 票、弃权票 0 票。 2、审议通过《关于 2025 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥92,509,823.95, representing a year-on-year increase of 63.97%[4] - Net profit attributable to shareholders was ¥11,086,017.71, a significant increase of 301.68% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,988,628.16, up 246.95% year-on-year[4] - Basic earnings per share for the period was ¥0.1275, reflecting a growth of 301.42% compared to the previous year[4] - Total operating revenue for the current period reached ¥220,822,143.31, an increase of 3.7% compared to ¥213,817,428.11 in the previous period[20] - Net profit for the current period was ¥23,156,572.86, compared to ¥19,863,746.20 in the previous period, representing a growth of 11.5%[21] - The profit attributable to the parent company's shareholders was ¥23,272,860.87, an increase from ¥19,702,899.67, marking a rise of 18.8%[21] - Basic and diluted earnings per share improved to ¥0.2677 from ¥0.2266, indicating a growth of 18.5%[21] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥1,452,323,916.71, a slight increase of 0.96% from the end of the previous year[4] - Total assets amounted to ¥1,452,323,916.71, slightly up from ¥1,438,450,540.95, reflecting a growth of 1.2%[19] - Total liabilities increased to ¥167,059,691.00 from ¥138,961,526.10, a rise of 20.3%[19] - The total equity attributable to the parent company was ¥1,284,141,635.75, down from ¥1,298,250,136.88, a decrease of 1.3%[19] Cash Flow - The company reported a net cash flow from operating activities of -¥12,954,975.91, a decline of 272.07% compared to the same period last year[4] - Operating cash flow for the current period is -12,954,975.91 CNY, compared to -3,481,890.79 CNY in the previous period, indicating a decline in operational efficiency[22] - Total cash inflow from investment activities decreased to 509,876,566.69 CNY from 625,801,211.47 CNY year-over-year[22] - Cash outflow from investment activities also decreased to 526,302,832.91 CNY from 655,506,477.93 CNY, resulting in a net cash flow from investment activities of -16,426,266.22 CNY, an improvement from -29,705,266.46 CNY[22] - Cash flow from financing activities resulted in a net outflow of -38,743,291.16 CNY, slightly better than -39,843,197.08 CNY in the previous period[23] - The ending cash and cash equivalents balance increased to 28,964,620.07 CNY from 23,491,056.20 CNY, reflecting a positive cash position despite operational losses[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,478[11] - The largest shareholder, Qiu Kuanmin, holds 23.35% of shares, totaling 20,298,000 shares[11] - The total number of shares held by the top ten unrestricted shareholders is 6,520,000 shares for Beijing Jiaotong University Asset Management Co., Ltd.[11] - The total number of restricted shares held by major shareholders increased to 37,594,041 shares from 33,077,163 shares, an increase of approximately 13.5%[14] - The company plans to unlock 25% of restricted shares annually after a 6-month lock-up period post-termination of certain executives[14] Investment and Expenses - The company's investment income for the first nine months of 2025 was ¥12,874,173.92, an increase of 54.81% year-on-year[9] - The fair value change income from trading financial assets was ¥3,047,631.81, down 40.97% compared to the previous year[9] - The company experienced a 276.10% increase in contract liabilities, totaling ¥31,284,686.57, due to an increase in pre-received project payments[9] - Research and development expenses were ¥78,398,405.00, slightly up from ¥78,056,097.86, indicating a focus on innovation[20] - Other income increased significantly to ¥16,297,410.66 from ¥9,459,420.10, a growth of 72.5%[20] Cash Management - Cash and cash equivalents decreased to ¥53,095,806.70 from ¥120,294,548.27, a decline of about 55.9%[17] - Cash received from sales of goods and services was 229,549,457.13 CNY, down from 243,357,078.59 CNY, indicating a decrease in revenue generation[22] - Cash received from tax refunds increased to 15,897,390.42 CNY from 10,456,223.83 CNY, showing improved tax recovery efforts[22] - Payments to employees rose to 132,974,850.82 CNY from 131,463,556.05 CNY, reflecting stable labor costs[22] Audit and Reliability - The third quarter financial report has not been audited, which may affect the reliability of the reported figures[24]

Group 1 - The company, Jiaoda Sinno (300851), reported that as of October 20, 2025, the total number of shareholders is 8,670 [1]

Core Viewpoint - The rail transit equipment sector experienced a decline of 0.44% on October 22, with major stocks like Times Electric leading the drop, while the overall market indices also showed slight decreases [1] Market Performance - The Shanghai Composite Index closed at 3913.76, down 0.07% - The Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance in Rail Transit Equipment Sector - 九州一轨 (Code: 688485) closed at 15.68, up 9.42% with a trading volume of 85,700 shares and a transaction value of 130 million yuan - 交大铁发 (Code: 920027) closed at 27.29, up 2.29% with a trading volume of 20,900 shares and a transaction value of 57.17 million yuan - 神州高铁 (Code: 000008) closed at 2.92, up 1.04% with a trading volume of 656,300 shares and a transaction value of 192 million yuan - 铁大科技 (Code: 920541) closed at 15.71, up 1.03% with a trading volume of 28,400 shares and a transaction value of 4.49 million yuan - 高铁电气 (Code: 688285) closed at 9.10, up 1.00% with a trading volume of 27,900 shares and a transaction value of 2.53 million yuan - 科安达 (Code: 002972) closed at 12.81, up 0.95% with a trading volume of 44,200 shares and a transaction value of 56.51 million yuan - 朗进科技 (Code: 300594) closed at 18.36, up 0.82% with a trading volume of 24,300 shares and a transaction value of 44.58 million yuan - 鼎汉技术 (Code: 300011) closed at 7.92, up 0.76% with a trading volume of 67,300 shares and a transaction value of 53.40 million yuan - 康尼机电 (Code: 603111) closed at 7.94, up 0.76% with a trading volume of 98,600 shares and a transaction value of 78.53 million yuan - 交大思诺 (Code: 300851) closed at 27.30, up 0.66% with a trading volume of 8,460 shares and a transaction value of 23.05 million yuan [1] Capital Flow Analysis - The rail transit equipment sector saw a net outflow of 211 million yuan from institutional investors - Retail investors contributed a net inflow of 129 million yuan, while speculative funds saw a net inflow of 82.54 million yuan [1]

Group 1 - The core point of the article is that the company, Jiaoda Sino, reported that as of October 10, 2025, the total number of shareholders is 8,680 [2]

Group 1 - The core stock price of Jiao Da Si Nuo increased by 2.03% on October 14, reaching 26.68 CNY per share, with a total market value of 2.319 billion CNY [1] - The company has seen a year-to-date stock price increase of 2.34%, but has experienced declines of 2.66% over the last five trading days, 4.88% over the last 20 days, and 5.52% over the last 60 days [2] - As of September 30, the number of shareholders decreased by 0.24% to 8,478, while the average circulating shares per person increased by 0.24% to 6,382 [2] Group 2 - Jiao Da Si Nuo's main business involves the research, design, production, sales, and technical support of key equipment for train operation control systems, with revenue composition as follows: 42.10% from responder systems, 26.11% from locomotive signal CPU components, 24.76% from track circuit readers, and 7.02% from others [2] - The company has distributed a total of 196 million CNY in dividends since its A-share listing, with 106 million CNY distributed over the last three years [3] Group 3 - For the first half of 2025, Jiao Da Si Nuo reported a revenue of 128 million CNY, a year-on-year decrease of 18.48%, and a net profit attributable to shareholders of 12.1868 million CNY, down 51.64% year-on-year [2]

Core Viewpoint - The company, Jiao Da Si Nuo (300851.SZ), experienced a decline of 4.22% in stock price, currently trading at 26.08 yuan, with a market capitalization of 2.267 billion yuan due to the chairman's suspension from duties [1] Group 1 - The chairman, Li Wei, has been placed under detention by the Tianjin Binhai New Area Supervisory Committee, rendering him unable to fulfill his responsibilities [1] - To ensure normal operations and decision-making, the company held a board meeting on September 29, 2025, where it was agreed that Vice President Zhang Min would temporarily assume the duties of chairman and legal representative [1] - The delegation of responsibilities will remain in effect until Li Wei resumes his duties or a new chairman is elected [1] Group 2 - The company's production and operational management are reported to be functioning normally despite the leadership changes [1]