思维列控：当前在手订单充足 设备更新升级需求将支撑业绩增长

Core Viewpoint - The company, Siwei Control (603508), reported stable growth in new orders for the first half of 2025, supported by a sufficient backlog of orders [1] Group 1: Company Performance - The company’s three main business segments—control systems, railway security, and high-speed rail operation monitoring—are undergoing equipment upgrades, which significantly supports the continuous growth of the company's performance [1] - The railway clients are accelerating the integration of new technologies such as 5G, big data, and artificial intelligence with railway applications, providing new development opportunities and broader market space for related equipment manufacturers [1]