运达科技业绩预增超预期，股价上涨获资金支撑

Group 1 - The company expects a net profit attributable to shareholders of between 78.09 million to 92.73 million yuan for 2025, representing a year-on-year growth of 60% to 90% [1] - The growth is primarily driven by breakthroughs in core business areas such as smart training and intelligent operation and maintenance, along with operational efficiency improvements through cost reduction [1] - The earnings forecast significantly exceeds market expectations, serving as a key catalyst for the stock price increase [1] Group 2 - Main funds have been continuously flowing in, with a net inflow of 52.45 million yuan on the day of the earnings forecast release, and a cumulative net inflow of 39.17 million yuan over the past five days [2] - As of February 13, the stock price reached a high of 16.10 yuan, breaking through the upper band of the 20-day Bollinger Band, indicating bullish technical signals [2] Group 3 - The company's main business focuses on intelligent systems for rail transit, benefiting from the government's ongoing investment in infrastructure [3] - The slight increase in wind turbine bidding prices and the trend of "transitioning from construction to maintenance" in rail transit provide growth opportunities for intelligent operation and maintenance and smart vehicle depot businesses [3] Group 4 - Regulatory issues have been resolved, with the company shifting from "passive rectification" to proactive compliance, eliminating historical risks [4] - Strategic cooperation has been established through a joint venture with Sichuan Road and Bridge Group, gaining access to highway rights and logistics scenarios, which provide valuable resources for the autonomous driving business [4]