9月26日，交通运输部等7部门印发《关于"人工智能+交通运输"的实施意见》，明确2027年人工智能在 交通典型场景广泛应用、综合交通运输大模型落地，2030年实现关键技术自主可控、总体水平居世界前 列的目标。 （文章来源：证券时报） 技术底座建设被置于关键地位，综合交通运输大模型体系成为核心支撑。《意见》提出，面向交通运输 典型应用场景的综合交通运输大模型，打造"人工智能+交通运输"高质量数据集、算法库、工具链，为 建设智能综合立体交通网提供技术底座。 政策核心瞄准技术突破与场景落地，智能驾驶产业链将迎来机遇。《意见》明确，加快智能驾驶系统、 远程驾驶座舱等产品研发。支持京津冀、长三角、粤港澳大湾区、成渝地区等地进一步集聚创新资源， 依法依规、稳慎推进智能辅助驾驶技术示范应用。利用高速公路ETC门架等既有设施，探索采用多杆合 一、多感合一等模式，科学布局车路云协同感知、控制设备与系统，改善公众出行体验。 值得一提的是，《意见》与近日成立的交通大模型创新与产业联盟产生联动，此次《意见》强调，将推 动联盟整合国内人工智能领域头部公司、行业企业、高校院所等创新主体，通过共享算力、共建语料、 共训模型，培育开放融合的 ...

人民财讯9月26日电，交通运输部、国家发展改革委、工业和信息化部、国家数据局、国家铁路局、中 国民用航空局、国家邮政局发布关于"人工智能+交通运输"的实施意见，其中提出，提升产业生态孵化 能力。推动组建交通大模型创新与产业联盟，整合国内人工智能领域头部公司、行业企业、高校院所等 创新主体，通过共享算力、共建语料、共训模型，培育开放融合的共赢生态。支持建设人工智能交通运 输领域重点实验室、工程研究和技术创新中心等科技创新平台基地，促进技术转化应用。鼓励构建行业 人工智能测试场景库，推动建设行业大模型测试验证平台，健全智能化交通运输装备综合检验测试评价 体系。组织开展"十百千"创新行动，加速人工智能全面赋能，大力培育交通运输未来产业。 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Views - The company's profit significantly improved in Q2 2025, with high dividends and emerging layouts contributing to long-term growth potential [5] - The company is expected to achieve net profits of 2.996 billion, 3.162 billion, and 3.364 billion RMB for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 5.46%, 5.52%, and 6.42% [5] - The current stock price corresponds to a PE ratio of 6.85, 6.49, and 6.10 for the years 2025, 2026, and 2027 respectively, indicating a valuation advantage [5] Financial Performance Summary - In H1 2025, the company achieved revenue of 22.021 billion RMB, a year-on-year decrease of 21.45%, with net profits of 727 million and 680 million RMB, reflecting a decline of 7.49% and a slight increase of 0.21% respectively [7] - The company proposed a cash dividend of 252 million RMB for H1 2025, with a dividend payout ratio of 37.71%, highlighting its investment value [7] - The company’s comprehensive gross margin for H1 2025 was 15.39%, a year-on-year increase of 0.45 percentage points [7] Business Segments and Market Expansion - The company’s operational business showed strong growth, with overseas revenue reaching 2.492 billion RMB, a year-on-year increase of 8.85% [7] - New signed orders in H1 2025 amounted to 46.207 billion RMB, a year-on-year increase of 0.18%, with notable growth in design and operational contracts [7] - The company is actively expanding its international presence, with significant order growth in regions outside Shanghai and overseas [7] Financial Ratios and Projections - The company’s asset-liability ratio stands at 76.04%, with a net asset value per share of 9.75 RMB [3] - The projected revenue for 2025 is 72.613 billion RMB, with a year-on-year growth rate of 5.52% [6] - The expected return on equity (ROE) for 2025 is 8.18% [6]