Core Viewpoint - The company, Jingtou Transportation Technology (01522), is adjusting its business model in response to new policies regarding the provision of communication services for subway systems, particularly focusing on 5G technology and associated cost reductions [1][2] Group 1: Policy Changes and Business Adjustments - The company received a notification from Beijing Infrastructure Investment Co., Ltd. regarding adjustments in the civil communication business policy aimed at enhancing the passenger experience and service quality for subway systems [1] - The company is required to reduce the fees charged to telecom operators for using its civil communication transmission system by approximately 30%, effective from July 1, 2025 [1] - The company will no longer bear the investment costs for the construction of new civil communication transmission systems for subway lines and existing 5G systems [1] Group 2: Financial Impact and Revenue Composition - The company anticipates that the revenue from its civil communication business will account for less than 20% of its total revenue by the end of the fiscal year 2024 [2] - Due to the fee reduction, the company estimates that the total revenue for the fiscal year 2025 will decline by less than 5% compared to the fiscal year 2024 [2] - The timeline for the gradual cancellation of fees is not clearly defined and will depend on negotiations among the involved parties [2] Group 3: Strategic Initiatives - The company plans to sign supplementary agreements with telecom operators to address the fee reductions and explore various solutions to mitigate business risks associated with the rapid development of 5G technology [2] - The company aims to strengthen its main business segments and explore new opportunities to expand its business portfolio and maximize shareholder value [2]
京投交通科技(01522)响应北京地铁政策：通信基础费降30%