深城交透露，香港创新中心将聚焦城市交通数字孪生、电动化与智能化转型、自动驾驶应用、低空经济 监管沙盒等前沿领域，为香港智慧交通体系提供全场景数字化解决方案，推动香港交通数字化升级。同 时以香港创新中心为支点，深化与本地高校、企业的产学研协作，共同培育智慧交通领域的新质生产 力，通过"技术研发-场景验证-产业转化"的创新闭环，持续助力香港巩固国际科创中心地位，为粤港澳 大湾区建设世界级城市群提供数字化引擎。 深城交将依托国际总部，以数字技术为纽带，加速智慧交通创新成果的全球拓展，持续输出"中国方 案"。 （文章来源：深圳商报） 【深圳商报讯】（记者肖晗）记者从深圳市城市交通规划设计研究中心股份有限公司（以下简称"深城 交"）获悉，4月8日，在香港特区政府引进重点企业办公室主办的签约仪式上，深城交作为新一批18家 重点企业之一，正式宣布国际总部落户香港，并在香港设立创新中心，这是深城交深化全球战略布局的 重要举措，也标志着深港协同创新迈入新阶段。 据介绍，本次签约共涉及18家中外重点企业，分别来自人工智能与数据科学、先进制造与新能源科技、 金融科技、生命健康科技等高新产业领域，其中包括深城交、蚂蚁数字科技、百度智 ...

Group 1: US Tariff Plans and Market Reactions - President Trump plans to announce new tariffs in the coming days, indicating a willingness to negotiate tariff agreements with other countries, but any agreements will likely occur after the tariffs take effect on April 2 [1] - The US stock market saw significant declines, with the Nasdaq dropping 2.7%, the S&P 500 down 1.97%, and the Dow Jones falling 1.69% [1][4] Group 2: Technology Sector Performance - Major tech stocks experienced declines, with Netflix, Google, Amazon, and Meta falling over 4%, while Tesla, Microsoft, and Intel dropped over 3% [2] - The Nasdaq Golden Dragon China Index fell by 3.11%, with popular Chinese stocks like Baidu and NIO dropping over 5% [2] Group 3: IPO Market Developments - Wolfspeed's stock plummeted approximately 52%, marking the worst single-day performance for an IPO in the US [3] - CoreWeave's IPO closed flat at $40 on its first day of trading [3] Group 4: Commodity Market Trends - COMEX gold futures for June rose by 0.59% to $3116.6, marking a weekly increase of 2.26% [4] - WTI crude oil futures for May fell by 0.8% to $69.36 per barrel, with a weekly increase of 1.58% [4] Group 5: Regulatory and Taxation News - The Trump administration is unexpectedly considering higher taxes on the wealthy, which could provide room for other priority issues [6] - The EU plans to impose mild penalties on Apple and Meta under its digital market regulations, potentially leading to fines amounting to billions of dollars [8] Group 6: Market Movements and Trends - The six major state-owned banks in China reported a total net profit of approximately 1.4 trillion yuan for 2024, averaging about 38 billion yuan per day [17] - The Chinese central bank stated that current financial risks are overall controllable, with the financial system's resilience expected to improve as the macro economy recovers [20]

深城交 20250328 摘要 Q&A 深城交的股东结构和实际控制人情况如何？ 深城交的股东结构包括深圳国资和员工持股平台。大股东深圳成持有公司 30% 的股权，深圳成是深圳国资委百分之百控股的企业，因此深城交的实际控制人 是深圳市国资委。第二大股东是深圳市深源交通投资股份有限公司，持有上市 公司 22.5%的股权，该公司为员工支付平台，持股比例仅次于大股东。此外， 员工持股平台计划减持不超过 3%的股份，其中 20%通过大宗交易，1%通过集合 • 深城交通过规划咨询切入低空经济，为政府提供技术服务，并建设数字底 座和飞行管理平台，实现低空飞行的有效管理与保障，同时，新签合同收 入和智慧新基建合同占比提升，强化科技属性。 • 自 2021 年上市以来，深城交的大数据软件及智慧交通业务收入占比逐步提 升，从 2021 年的约 30%增长至 2024 年上半年的 50%，规划咨询业务收入占 比则相应下降。 • 深城交 2022 年和 2023 年新签合同收入维持在 17 亿元左右，2024 年上半 年新签合同金额达到 9.9 亿元，同比翻倍，其中与智慧新基建相关的合同 占比过半。 • 深圳成作为控股股东，为深城交 ...

证券代码：301091 证券简称：深城交 公告编号：2025-004 深圳市城市交通规划设计研究中心股份有限公司 关于部分持股 5%以上股东拟减持本公司股份的预披露公告 公司持股 5%以上股东深圳市深研交通投资股份有限公司、联想（北 京）有限公司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、持有深圳市城市交通规划设计研究中心股份有限公司（以下简称"深城 交""公司"或"发行人"）股份 91,260,000 股（占本公司总股本比例 22.50%）的 深圳市深研交通投资股份有限公司（以下简称"深研投资"），计划通过集中竞价、 大宗交易方式减持所持有的深城交股份合计不超过 12,168,000 股，即不超过深城 交股份总数的 3%（如此期间内深城交发生送红股、转增股本、增发新股、配股 或注销回购股份等导致总股本变动事项的，则拟减持的比例不变，减持数量相应 调整），减持期间为自本减持计划公告披露之日起 15 个交易日后 3 个月内（即 2025 年 4 月 22 日-2025 年 7 月 21 ...

优势1：大股东可充分赋能低空数字底座。深智城是深圳市唯一法定授权数字底座建设运营单位，这无 疑为深城交带来莫大助力。优势2：SILAS 或成为城市内全域低空服务的标杆项目。该项目为公司联合 承接的全国首个低空智能融合基础设施建设项目，构建基于城市CIM 的低空数字底座，支撑低空业务 全流程数字化管理与服务。项目总金额超过5 亿。 深圳国资+员工持股，全力打造科技基因。1、公司实际控制人为深圳市国资委，员工持股平台持股比 例高。1）控股股东深智城（持有公司30%股权）定位是服务深圳智慧城市建设，有足够资源为公司赋 能。2）员工持股平台（深研交通投资）持有公司22.5%股权，有助于发挥核心骨干主观动能性。2、财 务数据分析：1）上市以来大数据软件及智慧交通业务占比逐年提升，2020-23年收入占比从28%提升至 41%，规划咨询业务收入占比从50%降至36%，此外为工程设计及检测业务。2）新签合同看：23 年17.3 亿，2024 年上半年9.9亿，同比增长104%，其中智慧新基建相关项目合同占比过半。3）业绩表现：公 司21-23 年利润基本稳定在1.6 亿左右。24 年前三季度归母净利0.6 亿，同比增长13 ...

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for its future performance [1]. Core Viewpoints - The company is positioned to stand out in the low-altitude economy wave, leveraging its strong ties with Shenzhen's state-owned assets and employee stock ownership to enhance its technological capabilities [1][10]. - The report emphasizes the company's focus on new-generation urban transportation systems, driven by technology and assets, aiming to provide integrated solutions for urban traffic systems [1][41]. Summary by Sections 1. Company Structure and Financial Analysis - The actual controller of the company is the Shenzhen State-owned Assets Supervision and Administration Commission, with a significant employee stock ownership platform holding 22.5% of the shares, enhancing motivation among core staff [16][21]. - Financial data shows that since its listing, the revenue share from big data software and smart transportation has increased from 28% in 2020 to 41% in 2023, while planning consulting revenue has decreased from 50% to 36% [29][30]. - The company has maintained stable profits around 160 million from 2021 to 2023, with a projected net profit of 60 million in the first three quarters of 2024, reflecting a year-on-year growth of 13.2% [36][37]. 2. Business Development in Low-altitude Economy - The planning consulting business serves as an entry point into the low-altitude economy, providing technical services and planning for local governments, with several projects already won in regions like Shenzhen, Zhejiang, and Jiangsu [2][48]. - The company is actively involved in low-altitude digital construction, with the SILAS project expected to be a benchmark for urban low-altitude services, supported by its major shareholder, which is the only authorized unit for digital base construction in Shenzhen [2][54][65]. - The report anticipates that 2024 will be a planning year for the low-altitude economy, with significant tender orders already exceeding 4 billion for low-altitude digital and infrastructure projects [3][12]. 3. Replicable Potential and Market Expansion - The company aims to establish a benchmark in Shenzhen's low-altitude economy, with plans to replicate its success nationwide, leveraging its experience from being a pioneer in the field [7][20]. - The report highlights the potential for nationwide replication, as the company has been selected for pilot projects in Hong Kong's low-altitude economy regulatory sandbox [7][20]. 4. Profit Forecast and Investment Recommendations - The report forecasts net profits of 166 million, 217 million, and 273 million for 2024, 2025, and 2026 respectively, with corresponding year-on-year growth rates of 2%, 31%, and 26% [8][13]. - The company is viewed as one of the key players in the low-altitude economy sector, with a recommendation to buy based on its potential to establish benchmarks in Shenzhen and expand nationally and internationally [7][13].

Investment Rating - The report does not explicitly state an investment rating for the engineering consulting services industry or the specific company involved in the research. Core Insights - The company is focused on the construction and operation of a new generation urban transportation system, emphasizing technology-driven transformation and aiming to become a global leader in the sector [20]. - The company has developed an AI technology framework centered around a digital twin for urban transportation, supporting various operational areas including planning, management, and maintenance [20]. - The Shenzhen government is accelerating the development of the low-altitude economy, with plans to establish a comprehensive low-altitude infrastructure system by 2025 [21]. Summary by Sections 1. Basic Research Information - The research was conducted on February 25, 2025, focusing on the engineering consulting services industry, specifically the company 深城交 [13]. 2. Detailed Research Institutions - Various institutions participated in the research, including Galaxy Fund, China People's Pension Insurance, and several private equity and asset management firms [14][15]. 3. Research Institution Proportions - The report does not provide specific data on the proportions of different research institutions involved. 4. Main Content Information - The company is transitioning towards a technology-oriented model, focusing on high-growth areas such as low-altitude economy and intelligent networking [20]. - The company has undertaken nearly 20 projects related to the low-altitude economy, contributing to the establishment of industry standards and infrastructure [21]. - Recent advancements include strategic partnerships in smart travel services, development of a public smart parking platform, and initiatives in smart logistics [22].

证券代码：301091 证券简称：深城交 深城交上市公司投资者关系活动记录表 | | √特定对象调研 □媒体采访 | | | □分析师会议 □业绩说明会 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 投资者关系活动 | | | | | | | | | | □新闻发布会 | | | □路演活动 | | | | | 类别 | □现场参观 | | | √电话会议 | | | | | | | | □其他：（请文字说明其他活动内容） | | | | | | | 华泰证券 | 方宴荷 | 王玺杰 | | 东吴证券 | 戴晨 | | | | 长江证券 | 张弛 | 张智杰 | | 东方财富 | 康卫荣 | | | | 华福证券 | 邓娴仪 | | | 恒泰证券 | 周晟昂 | | | | 广发证券 | 范方舟 | 汪家豪 | | 国投证券 | 郭倩倩 | | | | 华创证券 | 吴一凡 | | | 西部证券 | 郭好格 | | | | 富国基金 | 李响 | | | 华夏基金 | 周天翎 | | | | 华银基金 | 苏培海 | | | 中银基金 ...

行 业 研 究 / 建 筑 装 饰 / 证 券 研 究 报 告 [Table_Title] 建筑装饰行业周报 政策稳中求进，关注低位央企和转型AI 算力等业务企业机会 1）主线一：推荐建筑央企。推荐【中国铁建】、【中国中铁】、【中国 交建】、【中国建筑】、【中国能建】、【中国电建】、【中国中冶】，关注 【中国化学】、【中材国际】、【中钢国际】、【中工国际】、【北方国际】。 2）主线二：推荐高景气赛道产业链重点企业。隧道掘进设备行业： 推荐【铁建重工】、【中铁工业】，关注【五新隧装】；民爆行业：推荐 【易普力】，【高争民爆】，关注【雅化集团】、【保利联合】等；岩土 工程行业：推荐【中岩大地】。 3）主线三：关注顺周期及布局转型 AI/机器人等新质生产力方向的优 质标的机会。推荐【罗曼股份】，关注【海南华铁】、【宁波建工】、【深 城交】、【鸿路钢构】、【深圳瑞捷】、【金诚信】。 【风险提示】 2025 年 03 月 09 日 [Table_Summary] 【投资要点】 2）3 月进入业绩披露期，关注业务布局高景气赛道、业绩表现较优的 建筑企业。本周浦东建设、安徽建工等景气区域地方国企公告经营情 况。浦东建设 2 ...

Summary of Conference Call Notes Company and Industry Overview - The company is a key participant in the low-altitude flight support system, focusing on software systems and take-off and landing facilities between ground channels. It has initiated comprehensive demonstration projects in Shenzhen, including hardware, software, and take-off and landing facility systems, serving as a national model for pilot projects [2][4][9]. Core Points and Arguments - The Shenzhen government is actively promoting 5G communication and millimeter-wave technology to establish a low-altitude flight safety guarantee system, integrating smart city AI models to support future automated unmanned flight control [2][4]. - The company plans to focus on smart city and smart transportation sectors, developing a large number of terminal perception monitoring hardware systems, such as autonomous driving roadside measurement devices and meteorological monitoring equipment, supported by AI technology [2][8]. - Since its transformation in 2017 into a new infrastructure delivery and equipment supplier, the company expects a contract growth of over 50% in 2024, with total orders reaching 2.6-2.7 billion RMB, indicating a fundamental shift in its business structure towards a technology-oriented enterprise [2][9]. - The company is addressing the bottlenecks in low-altitude flight development, particularly safety concerns, by focusing on ground support systems and software [3][4]. - The company is leveraging factoring to recover some accounts receivable and is optimizing its business through general contracting to ensure stable cash flow, with a current debt ratio of approximately 25%-26% [3][14]. Additional Important Insights - The company is strategically positioning itself in the low-altitude economy and computing-related businesses, collaborating with the Shenzhen government to develop a commercial code system and promote new infrastructure and safety control centers in Guangdong Province [3][17]. - There is an expectation of increased industry support, including funding and special bonds, which will facilitate the launch of new infrastructure projects [5][6]. - The company plans to replicate its success in Shenzhen on a national and even global scale, recruiting city partners with rich resources, particularly those with backgrounds in major tech firms like Huawei [3][19]. - The company has made significant strides in international business, registering a Hong Kong company as a global R&D center and signing key cooperation agreements, with expectations of revenue generation starting in mid-2025 [20]. - The company has been actively involved in national scientific projects, receiving substantial subsidies and transforming these projects into intellectual property, which supports its business development [24]. Financial and Operational Outlook - The company anticipates a significant improvement in local government financial conditions, which will support the development of related industries [7]. - The company has a stable market share in planning consulting and design, with a recent order of approximately 20 million RMB, and is optimistic about the market outlook for 2025 [10]. - The company is focusing on enhancing its core technology capabilities rather than acquiring new qualifications, emphasizing software and hardware capability development [11]. - The company’s revenue growth target is to achieve over threefold growth, with significant investments expected in the computing sector [25][26]. Future Plans and Developments - The company is set to enter a comprehensive demonstration phase for social scenarios in various cities, with project tenders expected to begin in April to May 2025 [6]. - The company is planning to establish new transportation hubs in Shenzhen, integrating ground and aerial transport systems, and is exploring international market opportunities in regions like the Middle East and Southeast Asia [16][20][19]. - The company’s new infrastructure planning in Shenzhen is projected to be completed by 2026, with an estimated total investment of around 10 billion RMB [28].