证券代码：688009 证券简称：中国通号 公告编号：2025-022 中国铁路通信信号股份有限公司 关于使用暂时闲置募集资金进行现金管理的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 2025 年 7 月 30 日，中国铁路通信信号股份有限公司（以下简称"公司"） 召开第四届董事会第二十九次会议、第四届监事会第二十次会议，审议通过了《关 于使用闲置募集资金进行现金管理的议案》，同意公司使用额度不超过人民币 27 亿元（包含本数）的闲置募集资金在确保不影响募集资金投资计划进度、不 影响公司正常生产经营及确保资金安全的情况下进行现金管理，用于购买安全性 高、流动性好、保本型的投资产品（包括但不限于保本型结构性存款、定期存款、 大额存单、通知存款等），使用期限不超过 12 个月，自董事会、监事会审议通 过之日起 12 个月内有效。在前述额度及期限范围内，公司可以循环滚动使用。 公司董事会授权董事长及其授权人士在上述额度及决议有效期内行使投资决策 权、签署相关文件等事宜。保荐机构中国国际金融股份有限公司对本事项出具了 明 ...

经与会监事认真审议，以记名投票方式一致通过： 1.《关于使用闲置募集资金进行现金管理的议案》 同意《关于使用闲置募集资金进行现金管理的议案》。 证券代码：688009 证券简称：中国通号 公告编号：2025-021 中国铁路通信信号股份有限公司 第四届监事会第二十次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 中国铁路通信信号股份有限公司（以下简称"公司"）第四届监事会第二十 次会议（以下简称"本次会议"）于2025年7月30日以现场结合通讯形式召开， 本次会议通知及相关材料已于2025年7月28日以邮件方式送达公司全体监事。本 次会议由孔宁先生负责主持，会议应出席监事3人，亲自出席2人，监事李铁南女 士委托监事杨扬女士代为出席并表决。本次会议的召集、召开符合《中华人民共 和国公司法》等法律、法规、规章、规范性文件和《中国铁路通信信号股份有限 公司章程》的有关规定。 二、监事会会议审议情况 具体内容详见同日刊登于上海证券交易所网站（www.sse.com.cn）的相关 公告。 表决结 ...

格隆汇7月31日丨中国通号(688009.SH)公布，在保证不影响公司募集资金投资计划正常进行的前提下， 公司拟使用额度最高不超过人民币27亿元（包含本数）的暂时闲置募集资金进行现金管理，使用期限不 超过12个月，自董事会、监事会审议通过之日起12个月内有效。在前述额度及期限范围内，公司可以循 环滚动使用。 ...

Core Viewpoint - China Railway Signal & Communication Corporation (CRSC) has established a private equity fund management company, Tonghao Fund, to invest in smart transportation and urban development sectors, marking a significant step in its dual-driven strategy of "industry + capital" [5][6]. Group 1: Fund Establishment and Management - Tonghao Fund was registered on July 29, 2025, with a registered capital of 100 million yuan and paid-in capital of 50 million yuan, currently employing 7 full-time staff [3][6]. - The fund is fully owned by CRSC Capital Operation Co., Ltd., and aims to manage multiple funds in collaboration with central enterprises, local resources, and financial institutions [5][6]. Group 2: Investment Focus and Strategy - The fund will focus on investment areas such as smart rail transit, smart low-altitude operations, smart cities, and intelligent operations, leveraging CRSC's core technology in intelligent control [5][6]. - The goal is to accelerate the development of smart terminal equipment industries and create new growth points for CRSC by addressing existing gaps in its capabilities [5][6]. Group 3: Leadership and Expertise - The legal representative and general manager of Tonghao Fund, He Chuan, has extensive experience in investment management, having previously worked at various financial institutions [7]. - He Chuan has been involved in establishing multiple CVC technology innovation funds, focusing on sectors like equipment manufacturing, intelligent transportation, TMT, and artificial intelligence [7].

Core Viewpoint - China Railway Signal & Communication Corporation (CRSC) has established a private equity fund management company, CRSC Venture Capital Investment Fund Management (Beijing) Co., Ltd, to invest in smart rail transit, smart low-altitude, smart cities, and intelligent operations [2][4]. Group 1: Fund Management Details - The fund management company was registered on July 29, 2025, with a registered capital of 100 million yuan and a paid-in capital of 50 million yuan [4][5]. - The company is located in Fengtai District, Beijing, and has 7 full-time employees [4][5]. - CRSC Capital Operation Co., Ltd holds 100% ownership of the fund management company [6]. Group 2: Investment Strategy - The fund will manage multiple funds initiated by CRSC, focusing on the entire process of fundraising, investment, management, and exit [6]. - The investment strategy will leverage CRSC's core technology in intelligent control, targeting sectors such as smart rail transit, smart low-altitude, smart cities, and intelligent operations [6]. Group 3: Leadership and Experience - The legal representative and general manager of the fund, He Chuan, has extensive experience in investment management, having worked in various financial institutions [6][7]. - He Chuan has been involved in establishing multiple CVC technology innovation funds and has expertise in sectors like equipment manufacturing, intelligent transportation, TMT, and artificial intelligence [6].

Core Viewpoint - China Communications Signal Group has completed the registration of its private equity fund management company, signaling a strategic move into smart rail transit and low-altitude intelligent sectors [1][4]. Group 1: Company Overview - The fund management company, Tonghao Venture Capital Management (Beijing) Co., Ltd., was established on May 9, 2025, with a registered capital of 100 million yuan and paid-in capital of 50 million yuan [3]. - Tonghao Fund is wholly owned by Tonghao Group Capital Operation Co., Ltd., which is a subsidiary of China Communications Signal Group [4]. Group 2: Investment Strategy - The fund aims to establish multiple funds in collaboration with central enterprises, local resources, and financial institutions, focusing on smart rail transit, low-altitude intelligence, smart cities, and intelligent operations [1][5]. - The fund will manage the entire process of fundraising, investment, management, and exit, leveraging China Communications Signal's core technology in intelligent control [5]. Group 3: Leadership - The legal representative and general manager of Tonghao Fund is He Chuan, who has extensive experience in investment management and has held senior positions in various financial institutions [6]. - He Chuan has been involved in establishing multiple CVC technology innovation funds, focusing on sectors such as equipment manufacturing, intelligent transportation, TMT, and artificial intelligence [6].

据中国通号消息，7月29日，通号创业投资基金管理（北京）有限公司（简称"通号基金"）在中国证券 投资基金业协会圆满完成私募基金管理人登记备案。通号基金由通号集团资本运营有限公司（简称"通 号资本"）100%持股，受托管理中国通号发起设立的基金，具体负责基金"募、投、管、退"全流程的规 范化和专业化运作管理。 ...

资金流向方面，今日主力资金净流出1850.85万元，占比成交额11.35%。其中，超大单净流出211.76万 元、占成交额1.3%，大单净流出1639.09万元、占成交额10.05%，中单净流出流入570.56万元、占成交 额3.5%，小单净流入1280.28万元、占成交额7.85%。 天眼查商业履历信息显示，中国铁路通信信号股份有限公司，成立于2010年，位于北京市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本1058981.9万人民币，实缴资本 700000万人民币。公司法定代表人为楼齐良。 金融界消息 截至2025年7月29日收盘，中国通号（688009）报收于5.45元，下跌0.37%，换手率0.35%， 成交量30.06万手，成交金额1.63亿元。 中国通号最新一期业绩显示，截至2025一季报，公司营业总收入67.34亿元、同比增长2.84%，归属净利 润5.62亿元，同比减少7.08%，扣非净利润5.57亿元，同比减少6.30%，流动比率1.501、速动比率 1.429、资产负债率55.95%。 来源：金融界 通过天眼查大数据分析，中国铁路通信信号股份有限公司共对外投资了 ...

Group 1 - The railway fixed asset investment in June reached 113.8 billion, showing a year-on-year growth of 4.6%, indicating high industry prosperity despite a high base from the previous year [1] - From January to June, the total railway fixed asset investment was 355.9 billion, with a year-on-year increase of 5.5% [1] - The number of railway passengers reached 2.236 billion, reflecting a year-on-year growth of 6.7%, while freight volume was 25.58 million tons, up by 1.8% [1] Group 2 - The railway department has increased night high-speed trains to meet the rising passenger demand during the summer peak, with June passenger volume at 373 million, a 3.6% increase year-on-year [2] - The Chengdu-Chongqing high-speed railway is under construction and will operate at a speed of 400 km/h, reducing travel time between Chengdu and Chongqing to 50 minutes [2] Group 3 - Several rail transit equipment companies reported better-than-expected performance in the first half of the year, confirming the sector's prosperity, with China CNR expected to achieve a net profit of 6.722-7.562 billion, a growth of 60-80% [3] - Other companies like Siwei Control and Jinchuan Group also reported significant profit increases, with growth rates ranging from 45% to over 200% [3] Group 4 - The upcoming vehicle tenders are expected to see a significant increase, with the second half of the year projected to have a tender volume that may exceed expectations [4] - The total new railway line expected to be put into operation in the second half is around 2300 kilometers, following a modest 301 kilometers in the first half [4] Group 5 - The focus is recommended on vehicle equipment segments, with key suppliers such as China CNR and Siwei Control highlighted for their reliability in the upcoming peak and major repair years [5] - Other companies to watch include Times Electric, China Communications, and Jinchuang Group, among others, for their respective components and systems [5]

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the rail transit equipment sector [3]. Core Insights - The report highlights a strong performance in railway fixed asset investment, with a total of 355.9 billion yuan completed in the first half of 2025, representing a year-on-year growth of 5.5% [3]. - Passenger traffic reached 2.236 billion, up 6.7% year-on-year, while freight volume increased by 1.8% to 25.58 million tons [3]. - The report anticipates a significant increase in vehicle tenders in the second half of the year, with expectations of new line openings and a surge in demand for high-speed trains [5]. Summary by Sections Railway Investment Performance - In June, railway fixed asset investment was 113.8 billion yuan, a 4.6% increase year-on-year, showcasing high industry vitality despite a high base from the previous year [5]. - Key projects include the opening of several new railway lines and upgrades to major railway hubs, enhancing operational efficiency [5]. Passenger and Freight Traffic - The railway passenger volume in June was 373 million, reflecting a 3.6% increase year-on-year, with additional night trains introduced to meet summer travel demand [5]. - The report notes that the Chengdu-Chongqing high-speed railway is nearing completion, promising a travel time of 50 minutes between the two cities [5]. Company Performance - Several rail transit equipment companies reported better-than-expected performance in the first half of the year: - China CNR Corporation is projected to achieve a net profit of 6.722-7.562 billion yuan, a growth of 60-80% year-on-year [5]. - Siwei Control is expected to report a net profit of 276-314 million yuan, up 45-65% [5]. - Jinchuan Group anticipates a net profit increase of 123.85-157.77% [5]. - The report emphasizes the strong performance of these companies as a validation of the sector's growth potential [5]. Future Outlook - The second half of 2025 is expected to see a significant increase in vehicle tenders, with a projected 2,300 kilometers of new lines to be put into operation [5]. - The report recommends focusing on vehicle equipment segments and suggests key suppliers such as China CNR, Siwei Control, and others for investment opportunities [5].