江苏通行宝智慧交通科技股份有限公司 董事及高级管理人员薪酬管理办法 2025 年 6 月修订 第一章 总 则 第一条 目的 为规范江苏通行宝智慧交通科技股份有限公司（以下简称"公司"）董事及高级管理人 员薪酬管理工作，充分发挥薪酬分配的激励杠杆作用，有效调动公司董事及高级管理人员的 工作积极性，提高公司的经营管理效益，根据《中华人民共和国公司法》《深圳证券交易所 上市公司自律监管指引第2号——创业板上市公司规范运作》《深圳证券交易所创业板股票上 市规则》《上市公司治理准则》等有关法律、法规以及《江苏通行宝智慧交通科技股份有限 公司章程》（以下简称"《公司章程》"）的规定，结合公司实际情况，制定本办法。 第二条 基本原则 （一）坚持市场导向原则。在充分考虑公司业绩情况和市场薪酬水平的前提下，进行薪 酬水平定位，确保薪酬的市场竞争性。 （二）坚持内部公平原则。建立基于岗位的薪酬体系，合理拉开薪酬差距，提升内部公 平性。 （三）坚持业绩导向原则。薪酬与绩效考核结果挂钩，业绩升薪酬升，业绩降薪酬降， 充分调动工作积极性和创造性。 （四）坚持短期与中长期激励相结合原则。形成企业和个人利益共同体，建立短期与中 长期相结合 ...

江苏通行宝智慧交通科技股份有限公司 董事会提名委员会议事规则 2025 年 6 月修订 第一章 总 则 第一条为规范公司董事、高级管理人员的聘免程序，优化董事会、管理层的人员组成和 结构，完善公司治理结构，根据《中华人民共和国公司法》《公司章程》及其他有关规定， 公司董事会特设立董事会提名委员会，并制定本议事规则。 第二条提名委员会是公司董事会设立的专门工作机构，主要负责对公司董事、总经理和 其他高级管理人员的人选进行审核并提出建议。 第二章 人员组成 第三条提名委员会成员由三名董事组成，独立董事占多数。 第四条提名委员会委员由董事长、二分之一以上独立董事或者全体董事的三分之一提名， 并由董事会选举产生。 第五条提名委员会设主任委员（召集人）一名，由独立董事委员担任，负责主持委员会 工作；主任委员在委员内选举，并报请董事会批准产生。 第六条提名委员会任期与董事会任期一致，委员任期届满，连选可以连任。期间如有委 员不再担任公司董事职务，自动失去委员资格，并由委员会根据上述第三至第五条规定补足 委员人数。 第三章 职责权限 第七条提名委员会的主要职责权限： （一）根据公司经营活动情况、资产规模和股权结构对董事会、 ...

江苏通行宝智慧交通科技股份有限公司 对外投资管理办法 2025 年 6 月修订 第一章 总 则 第一条 为了加强江苏通行宝智慧交通科技股份有限公司（以下简称"公司"或"本公司"） 对外投资的内部控制和管理，规范公司对外投资行为，提高资金运作效率，保障公司对外投 资保值、增值，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国企业国有资产法》、《江苏省国资委关于印发<省属企业投资监督管理办法>的通知》 （苏国资规〔2022〕7 号）、《中华人民共和国证券法》（以下简称"《证券法》"）、《深 圳证券交易所创业板股票上市规则》（以下简称"《创业板上市规则》"）、《深圳证券交易 所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等法律、行政法规、规章、 规范性文件以及《江苏通行宝智慧交通科技股份有限公司章程》（以下简称"《公司章程》"） 等相关规定，特制定本办法。 第二条 本办法所称对外投资是指公司为实现扩大生产经营规模的战略，达到获取长期 收益为目的，将货币、实物、无形资产等可供支配的资源投向其他组织或个人的行为。包括 投资新建全资子公司、向子公司追加投资、与其他单位进行联营、合营 ...

证券代码：301339 证券简称：通行宝 公告编号：2025-029 江苏通行宝智慧交通科技股份有限公司 关于变更会计师事务所的公告 1. 拟聘任的会计师事务所名称：中兴华会计师事务所（特殊普通合伙）(以 下简称"中兴华") 2. 原聘任的会计师事务所名称：中天运会计师事务所（特殊普通合伙）(以 下简称"中天运") 3. 变更会计师事务所的原因：鉴于原聘任的会计师事务所中天运已连续8年 为江苏通行宝智慧交通科技股份有限公司（以下简称"公司"）提供审计服务， 为保证审计工作的独立性和客观性，综合考虑公司业务发展和整体审计的需要， 经综合评估及审慎研究，公司拟聘任中兴华为2025年度财务报告和内部控制审计 机构。 4. 本次变更会计师事务所事项符合财政部、国务院国资委、证监会印发的 《国有企业、上市公司选聘会计师事务所管理办法》(财会〔2023〕4号)的规定。 公司于2025年6月27日召开第二届董事会第十七次会议和第二届监事会第十 四次会议，审议通过了《关于变更会计师事务所的议案》，同意聘任中兴华为公 司2025年度的财务报告及内部控制审计机构，聘任期为一年。本事项尚需提交公 司股东大会审议通过，现将相关事项公 ...

证券代码：301339 证券简称：通行宝 公告编号：2025-028 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。 江苏通行宝智慧交通科技股份有限公司（以下简称"公司"）于 2025 年 6 月 27 日召开第二届董事会第十七次会议审议通过了《关于变更注册资本并修订< 公司章程>及相关议事规则的议案》及《关于修订部分公司治理制度的议案》， 召开第二届监事会第十四次会议审议通过了《关于变更注册资本并修订<公司章 程>的议案》。现将相关情况公告如下： 一、关于变更注册资本的情况 公司于2025年3月26日召开第二届董事会第十五次会议、于2025年5月15日召 开2024年度股东大会审议通过了《关于公司2024年度利润分配和资本公积转增股 本的议案》。公司于2025年5月21日发布了《2024年度权益分派实施公告》 （2025-025），以实施2024年度权益分派股权登记日登记的总股本414,523,800股 为基数计算，以资本公积金向全体股东每10股转增4股，共计转增165,809,520股， 转增后公司总股本为580,333,320股。 本次变更后，公司股份总 ...

Group 1 - The core viewpoint of the report is that Tongxingbao is entering a period of explosive growth in its smart transportation business, supported by recent contract wins totaling approximately 329 million yuan [1][3] - The company has maintained a target price of 27.83 yuan, reflecting a revised earnings forecast for 2025-2027 with EPS estimates of 0.58, 0.79, and 1.04 yuan respectively [2] - The smart transportation industry is experiencing high growth driven by both policy support and market demand, with significant government initiatives aimed at digital transformation in transportation infrastructure [3] Group 2 - In 2024, the company achieved total revenue of 896 million yuan, a year-on-year increase of 20.75%, and a net profit of 210 million yuan, up 9.81% [2] - The company signed contracts for two major projects in May 2025, which are expected to significantly boost its performance and demonstrate its competitive strength in the smart transportation sector [3] - The gross margin for 2024 was reported at 44.99%, slightly down by 1.97 percentage points, while the gross margin for Q1 2025 improved to 54.65%, an increase of 1.72 percentage points due to optimized product structure [2]

Investment Rating - The report rates the industry as "Outperform" [1][7]. Core Insights - The development of AI foundation models is progressing positively, with decreasing costs, which is expected to accelerate the adoption of AI applications [2][7]. - The report highlights specific companies to watch, including Empyrean Technology, Dameng Database, Beijing Kingsoft Office Software, Newland Digital Technology, Jiangsu Tongxingbao Intelligent Transportation Technology Co., Ltd., Guangzhou Sie Consulting, and Hehe Information, with Wuxi Unicomp Technology Co., Ltd. as a related target [2][7]. Summary by Sections - **AI Model Developments**: OpenAI's o3-pro model was launched, outperforming Google's Gemini 2.5 Pro and Anthropic's Claude 4 Opus in key benchmarks, with an 80% price reduction for the o3 model, enhancing its cost-effectiveness [8]. - **Doubao Model Launch**: The Doubao 1.6 model introduced innovative pricing based on input length, significantly reducing costs by 63% compared to previous models, which is expected to facilitate AI adoption across various industries [9]. - **Ant International's Stablecoin Plans**: Ant International plans to apply for a stablecoin license in Hong Kong, indicating a positive outlook on stablecoin development and potential market growth [10].

Investment Rating - The report assigns an "Outperform" rating for the computer sector, indicating a positive outlook for investment in this industry [1]. Core Insights - The implementation of the "Stablecoin Ordinance" in Hong Kong on August 1 is expected to significantly boost the stablecoin market, with a projected market capitalization growth of nearly $200 billion from 2020 to 2025, reaching approximately $245 billion by May 2025 [7]. - The "Government Data Sharing Ordinance," effective August 1, 2025, aims to enhance the efficiency and security of government data sharing, addressing issues like "data islands" and improving data supply efficiency [8]. - The anticipated release of GPT-5 in July 2025 is expected to surpass existing AI models, potentially driving further advancements in the AI industry and application deployment [9]. Summary by Sections Stablecoin Market - The "Stablecoin Ordinance" establishes a licensing system for fiat-backed stablecoin issuers, enhancing regulatory frameworks for virtual assets in Hong Kong [7]. - The stablecoin market has seen significant growth since 2020, with expectations for rapid expansion following the ordinance's implementation [7]. Government Data Sharing - The "Government Data Sharing Ordinance" aims to promote secure and efficient sharing of government data, enhancing digital governance and service efficiency [8]. - The ordinance clarifies management systems and establishes mechanisms for data sharing, which is expected to benefit the government data market significantly [8]. AI Developments - GPT-5 is set to be released in July 2025, with expectations of outperforming current models like GPT-4, which could lead to advancements in AI applications [9]. - OpenAI emphasizes quality over speed in the development of GPT-5, indicating a focus on achieving performance goals before release [9]. Recommended Stocks - The report highlights several companies to watch, including Empyrean Technology, Dameng Data, Beijing Kingsoft Office Software, Newland Digital Technology, Jiangsu Tongxingbao Intelligent Transportation Technology Co., Ltd., Guangzhou Sie Consulting, and Hehe Information, all rated as "Outperform" [3][6].

Investment Rating - The report rates the industry as "Outperform" [1] Core Insights - The release of the online certificate management measures is expected to expand the market for online numbers and certificates, driving significant demand for identity verification equipment [8][9] - AI development continues to progress steadily, with a positive outlook for the computer sector [8] Summary by Sections Online Certificate Management - The management measures encourage voluntary use of online numbers and certificates, providing services for applying for these and identity verification [9] - The measures are set to take effect on July 15, 2025, and are expected to benefit the sector significantly [9] AI Development - The release of Claude 4 models marks a shift in AI capabilities, allowing for long-term task execution and complex project handling [10] - Google's integration of AI products into daily workflows signifies a transition from mere technological upgrades to practical applications [11] Investment Recommendations - The report suggests focusing on companies such as Empyrean Technology, Dameng Database, Beijing Kingsoft Office Software, Newland Digital Technology, Jiangsu Tongxingbao Intelligent Transportation Technology Co., Ltd., Guangzhou Sie Consulting, and Hehe Information, with related targets including Wuxi Unicomp Technology Co., Ltd. [8]

Investment Rating - The report maintains an "Accumulate" rating with a target price of 27.83 yuan, reflecting a positive outlook on the company's performance in the smart transportation sector [2][11]. Core Insights - The company has recently signed contracts for two major projects in Jiangsu and Hunan, totaling approximately 329 million yuan, indicating a significant growth phase for its smart transportation business [3]. - The smart transportation industry is experiencing high demand driven by both policy support and market needs, with government initiatives aimed at digital transformation in transportation infrastructure [11]. - The company is expected to see substantial revenue growth, with projected revenues of 1.35 billion yuan in 2025, representing a 50% year-on-year increase [5][13]. Financial Summary - Revenue is forecasted to grow from 896 million yuan in 2024 to 3.08 billion yuan by 2027, with a compound annual growth rate (CAGR) of approximately 42.7% [5]. - Net profit attributable to shareholders is expected to increase from 210 million yuan in 2024 to 601 million yuan in 2027, reflecting a strong growth trajectory [5]. - The company's gross margin is projected to remain stable, with slight fluctuations, indicating effective cost management and product optimization [11][13]. Market Data - The company's market capitalization is approximately 9.33 billion yuan, with a current share price of 16.07 yuan [6][11]. - The stock has shown a 52-week price range between 16.04 and 25.90 yuan, indicating volatility but also potential for growth [6]. Projected Financial Performance - The company is expected to achieve earnings per share (EPS) of 0.58 yuan in 2025, increasing to 1.04 yuan by 2027, which supports the positive investment rating [11][12]. - The return on equity (ROE) is projected to improve from 7.7% in 2024 to 17.7% in 2027, indicating enhanced profitability and efficiency [5][12].