其中，后吕村站与建设中的市郊铁路城市副中心线换乘，张郭庄站与地铁14号线换乘，体育场南街站与 规划中的地铁11号线换乘。线路设置停车场1处，位于丰台区王佐镇，线路在既有1号线八角游乐园站东 350米处设置接轨点，线路开通后，将实现与1号线贯通运营。 截至目前，1号线支线全线10座车站、1个停车场共18个工点全部开工建设，车站主体结构完成20%，区 间主体结构完成4.5%，车辆基地结构完成15%。为了最大限度减少施工对周边居民的影响，八角游乐园 站改造的施工方案经过国内外专家论证、多轮次的优化调整，预计到2027年5月完成改造施工。 转自：北京日报客户端 为配合地铁1号线支线建设，6月2日首班车起，1号线八角游乐园站将封站施工，各次列车通过不停车， 计划2027年5月车站改造完成具备条件后恢复运营。5月28日，记者从北京轨道交通建设管理有限公司、 北京地铁公司获悉，正在建设的1号线支线10座车站、1个停车场全部实现开工建设，车站主体结构完成 20%。 车站主体结构完成20% 北京轨道交通1号线支线工程，南起青龙湖东站，北至八角游乐园站，线路全长21公里，其中丰台区 17.1公里，石景山区3.9公里。线路新建车站 ...

证券代码：300923 证券简称：研奥股份 研奥电气股份有限公司 投资者关系活动记录表 | 投资者关系活动 | □特定对象调研□分析师会议 | | | | | --- | --- | --- | --- | --- | | 类别 | □媒体采访√业绩说明会 | | | | | | □新闻发布会□路演活动 | | | | | | □现场参观 | | | | | | □其他（请文字说明其他活动内容） | | | | | 参与单位名称及 | 投资者网上提问 | | | | | 人员姓名 | | | | | | 时间 | 2025 年 27 (周二) 下午 15:00~16:30 | 5 | 月 | 日 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | | | | 采用网络远程的方式召开业绩说明会 | | | | | 上市公司接待人 | 1、董事、总经理闫兆金 | | | | | 员姓名 | 2、董事、副总经理、财务总监、董事会秘书石娜 | | | | | | 1、截至 2024 年末和 2025 年第一季度末，公司在手订单的金 | | | | | | 额和数 ...

Core Viewpoint - The article discusses the successful establishment of a "quality strong chain" ecosystem in Ma'anshan, Anhui Province, driven by policy guidance, technical support, and collaborative services, aimed at enhancing the quality and competitiveness of key industries such as rail transit, high-end equipment manufacturing, and new materials [1]. Group 1: Policy and Structural Initiatives - Ma'anshan has implemented a "1+N" inter-departmental coordination mechanism led by the market supervision department, involving various sectors to develop action plans for key industrial clusters [2]. - The city has introduced financial support policies, including the "Wanzhi Loan" and "Strong Chain Loan," which have provided credit to 1,026 eligible enterprises, amounting to 820 million yuan [2]. Group 2: Quality Infrastructure and Technical Support - Over 20 million yuan has been invested to enhance the capabilities of national and provincial quality inspection centers, with the establishment of a provincial rail transit industry measurement testing center [3]. - Ma'anshan has achieved a breakthrough by hosting a national standardization technical committee, enhancing its influence in high-end CNC machine tool standards [3]. Group 3: Enterprise Support and Certification - The city has facilitated 72 enterprises in obtaining CMA certification, saving them 2.4 million yuan in testing costs, and has supported the establishment of quality management systems across various sectors [4]. - A comprehensive "one-stop" service platform has been created, integrating 28 service organizations and 75 experts to provide full-chain services from standards to certification [4]. Group 4: Digital Transformation and Collaboration - The integration of new information technology with quality management has improved quality data sharing across the supply chain, with 107 enterprises achieving digital quality management upgrades [5]. - Strategic agreements have been signed with various research institutions to form collaborative innovation networks, addressing critical quality challenges [6].

Core Insights - Wireless charging devices are revolutionizing the power supply model in the rail transit industry, with significant growth potential despite currently low market penetration [1][12] - By 2025, the market size for wireless charging devices in China's rail transit sector is expected to exceed 5 billion yuan, transitioning from demonstration applications to large-scale development [1][12] Industry Overview - Wireless charging devices in rail transit utilize non-contact technologies such as electromagnetic induction and magnetic resonance to provide power to mobile and onboard devices, enhancing convenience and safety [2][3] - The devices can be categorized into three main types: passenger terminal wireless charging devices, onboard wireless power supply systems, and infrastructure-level wireless charging facilities [3][4] Industry Policies - The Chinese government has introduced several policies to promote the development of wireless charging devices in rail transit, including the "14th Five-Year Plan for Modern Comprehensive Transportation System Development" [6][7] - These policies aim to accelerate the large-scale application of wireless charging technology through tax incentives and demonstration projects [6] Industry Chain - The industry has established a complete supply chain, with upstream focusing on magnetic materials and power semiconductors, while midstream includes equipment manufacturers and system integrators [8] - The current supply chain exhibits strengths in system integration but requires breakthroughs in basic materials and dynamic charging technologies [8] Current Development Status - The urban rail transit sector is a key component of modern public transportation, with significant investments and projects enhancing operational efficiency [10][12] - The number of operational rail transit vehicles in China has grown from 34,000 in 2018 to 66,700 in 2023, indicating a robust market for wireless charging applications [12][14] Competitive Landscape - The industry is characterized by a "one strong, many strong" competitive structure, with CRRC as the leading player, supported by technology giants like Huawei and ZTE [16][17] - Foreign companies such as Siemens also hold a significant position in high-end dynamic charging segments [16][17] Development Trends - The wireless charging device sector is expected to undergo significant technological advancements, particularly in dynamic charging systems and AI integration for improved efficiency [18][19] - The application of wireless charging devices is expanding beyond urban rail transit to intercity railways and specialized tracks, creating new growth opportunities [19][20]

Group 1 - The core viewpoint of the articles highlights the transformation of Qingdao's industrial structure from a reliance on rail transportation to a diversified economy driven by green energy, integrated circuits, and low-altitude economy [2][3][9] - The establishment of the Penghui Energy storage battery zero-carbon manufacturing base, with a total investment of approximately 13 billion yuan and a planned capacity of 36 GWh, marks a significant milestone in Qingdao's energy sector [2][6] - The rail transportation industry, once the backbone of Qingdao's economy, accounted for 34.5% of the total revenue of high-tech enterprises in the region in 2020, but faced challenges due to over-reliance on a single industry [3][4] Group 2 - The strategy of "chain leader guidance and ecological co-construction" has been identified as a key approach to overcoming the challenges of a single industrial structure, with successful examples from the rail transportation sector being replicated in the new energy industry [6][7] - The introduction of leading enterprises like Penghui Energy has accelerated the development of local supply chains, with over 20 local companies entering the supply system within a short period [6][7] - The focus on technological innovation and policy support has been emphasized as crucial for driving industrial upgrades, with significant investments in technological transformation projects [9]

每经记者｜唐俊 每经编辑｜刘艳美 近一段时间，多城地铁直接或间接提出涨价。 重庆将于5月29日召开城市轨道交通票价机制听证会，两项新的票价方案，或将起步价从2元提高至3元，或减少单位价格可乘坐的公里数。 佛山地铁没有调整价格，但调整了运营策略，以期降本增效。5月8日起，佛山地铁集团运营的所有线路提前30分钟收车，列车发车间隔时间相 应延长。还有乘客反馈，佛山地铁站厅灯光昏暗、电梯一度"停运节能"、部分列车体感"闷热"。 众所周知，地铁等公共交通往往需要遵循公益性原则，所以长期以来维持低票价，其正常运营极度依赖地方政府补贴。此外，与地铁相关的 TOD物业开发和运营，也是不少地方反哺轨道交通建设的重要手段。但最近几年，地方财政压力叠加房地产市场下行，使得地铁公司的压力 越来越大。 作为城市基本公共服务，每一次地铁涨价都会引发广泛讨论，这一次也不例外。绝大部分公众显然不希望地铁涨价，但当地铁公司的收入无法 覆盖成本时，其基本运营也难以保障。 2元能坐多远？ 2元，在地铁行业有着特殊的意义，这是绝大多数城市地铁的起步价。 在已开通地铁、轻轨或以地铁模式运营市域铁路的城市中，只有北京和上海的起步价为3元，其他城市起步价 ...

Core Viewpoint - New筑股份 is planning a significant asset restructuring to address competition issues with its controlling shareholder, 四川蜀道清洁能源集团有限公司, by acquiring 60% of its shares and divesting certain subsidiaries [1][3][5]. Group 1: Asset Restructuring Details - New筑股份 announced a temporary suspension of trading on May 26, 2023, to facilitate the restructuring process [1]. - The restructuring involves the acquisition of 60% of 四川蜀道清洁's shares and the sale of 100% stakes in two subsidiaries: 四川发展磁浮科技有限公司 and 成都市新筑交通科技有限公司 [1][4]. - 四川蜀道清洁 has total assets of 308 billion yuan and reported revenue of 1.17 billion yuan with a net profit of 62.34 million yuan for the previous year [2][4]. Group 2: Business Segments and Financial Performance - New筑股份 operates in three main business segments: rail transit, photovoltaic power generation, and bridge functional components, with the latter being primarily represented by 新筑交科 [2][5][6]. - The photovoltaic segment generated approximately 650 million yuan in revenue, accounting for over 26% of total revenue, while rail transit remains the largest segment, contributing over 50% of total revenue [5][6]. - The company reported a total revenue of 2.483 billion yuan last year, with a net loss of 409 million yuan [5][6]. Group 3: Implications of the Restructuring - The restructuring is seen as a strategic move to eliminate competition between New筑股份 and its controlling shareholder, thereby enhancing operational efficiency [3][6]. - The divestment of the bridge functional components business is expected to allow New筑股份 to focus on strengthening its rail transit and renewable energy segments [5][6]. - The restructuring reflects the internal business realignment within the蜀道集团, which recently became the controlling shareholder of New筑股份 [6][7].

Core Insights - The completion of the Hong Kong East Rail Line platform door installation project marks a significant advancement in the region's rail safety and technology, being the world's first "immediate use" platform door installation on an operational railway line [1][2] - The project enhances passenger safety and comfort by installing 1,575 half-height platform doors and an intelligent safety system across 13 stations and 35 platforms, addressing historical safety gaps [1][2] Group 1 - The project took nearly ten years from exploration and design to completion, showcasing the company's ability to leverage technology to overcome complex challenges [2] - The innovative "unit sliding door center folding point design" was developed to ensure seamless operation of doors on curved platforms, demonstrating high precision in installation [2] - The use of advanced technologies such as laser radar for passenger detection and IP65 certified equipment ensures safety and reliability under adverse weather conditions [2] Group 2 - The project sets a new benchmark for global rail transit platform door installations, with record achievements in installation efficiency and zero disruption to existing services [1][2] - The successful experience from this project is expected to provide valuable insights for the Greater Bay Area and global rail transit platform door engineering, promoting technological innovation in the industry [2]

Core Viewpoint - The company has announced a cash dividend distribution plan, with a per-share cash dividend of 0.23 RMB (including tax), totaling approximately 43.40 million RMB to be distributed to shareholders [1][6]. Dividend Distribution Plan - The profit distribution plan was approved at the annual general meeting on May 19, 2025 [1]. - The total share capital before the distribution is 188,680,742 shares, with a total cash dividend of 43,396,570.66 RMB (including tax) to be distributed [1]. - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, after the market closes on the registration date [1]. Relevant Dates - The key dates for the dividend distribution are as follows: - Registration date - Ex-dividend date - Cash dividend payment date [1]. Implementation Method - For shareholders with unrestricted circulating shares, dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, Shanghai Branch [1]. - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [1]. Taxation on Dividends - For individual shareholders holding unrestricted circulating shares, dividends are subject to different tax treatments based on the holding period: - Holding period over 1 year: exempt from individual income tax, actual cash dividend per share is 0.23 RMB [3]. - Holding period within 1 year: no withholding tax at the time of distribution, tax will be calculated upon transfer of shares [3]. - For shareholders holding restricted shares, tax will be calculated based on the holding period after the lifting of restrictions [4]. - For qualified foreign institutional investors (QFII), a withholding tax rate of 10% applies, resulting in an actual cash dividend of 0.207 RMB per share after tax [5]. Contact Information - For inquiries regarding this dividend distribution, shareholders can contact the Board Office at 010-83606086 or via email at ir@bj-tct.com [6].

"善战者，先为不可胜，以待敌之可胜。" 古人打仗靠谋略，今人融资拼"讲述"。在这个资本市场故事横飞的时代，企业讲述的是未来的辉煌蓝图，投资人却默默在心里套算现值模型和PEG曲线。表 面是你侃侃而谈"我有一个梦"，背地里别人只在乎"你值几个点"。 美国更好并购集团（Goheal）在长期实践中发现一个悖论：资本运作的成败，越来越依赖"讲好故事"，而估值逻辑的建立，却越来越依赖"拆穿故事"。 2025年初，一桩貌似"普通"的控股权转让案，把市场的目光再次聚焦到"讲故事的艺术"上。 主角之一是天迈科技，一家主营轨道交通智能化的北交所上市公司，曾一度陷入营收下滑、连续亏损的"资本冷宫"。主角之二，是以苏州启瀚为代表的并购 基金，背后操盘者是启明创投——业内著名的"故事工厂"。 美国更好并购集团 这不是资本市场的两难，而是它的本质。 那么，问题来了——在今天这个人人都能自诩为"叙事大师"的时代，上市公司到底该怎么"讲故事"，投资人又如何识破"水分"，读懂真正影响估值的叙事密 码？ 让我们从一个热辣的案例开始。 谁的故事，谁的控制权？ 启明不是产业玩家，也并非战略买家，却用一纸协议、一个承诺、一套表决权安排，顺利拿下控股权 ...