iREAL(SZ:300150) Shang Hai Zheng Quan Bao·2025-04-22 20:44Core Viewpoint - The company has demonstrated significant growth in its financial performance, with notable increases in revenue and profit margins across various business segments, particularly in urban rail transit and railway safety monitoring systems [10][11]. Company Overview - The company specializes in railway safety monitoring systems, urban rail transit passenger information service systems, and comprehensive railway operation and maintenance services [2]. Railway Safety Monitoring Systems - The company has pioneered several key projects in the railway sector, including the first comprehensive monitoring system on the Qinghai-Tibet Railway and the disaster prevention monitoring system on the Wuhan-Guangzhou High-Speed Railway, establishing a leading market position [3]. Urban Rail Transit Passenger Information Systems - The company holds a dominant position in the ground communication (PA) system market, with over 60% market share, and has successfully launched innovative products such as smart broadcasting and integrated PIS/PA systems [5][6]. Railway Comprehensive Operation and Maintenance Services - The company provides high-quality after-sales services and solutions for over 1,000 high-speed railway stations, utilizing a self-developed operation and maintenance management platform to enhance efficiency and reduce equipment downtime [7]. Financial Performance - In 2024, the company achieved a revenue of approximately 847.26 million yuan, a year-on-year increase of 5.42%, with net profit rising by 295.29% to about 34.17 million yuan [10]. Business Segment Performance - Revenue from railway safety monitoring systems decreased by 8.80% to approximately 196.64 million yuan, while revenue from railway information technology services increased by 18.98% to about 307.89 million yuan. Urban rail transit passenger information systems generated approximately 312.37 million yuan, reflecting a 2.76% increase [11]. Research and Development - The company has intensified its R&D efforts, resulting in the successful development of new products, including a railway platform adaptive safety door system, and has obtained numerous software copyrights and patents [13][14].