Core Viewpoint - The company reported stable financial performance in the first half of 2025, with a focus on steady progress despite some declines in specific sectors [1][2] Financial Performance - The company achieved operating revenue of 14.665 billion yuan, an increase of 2.91% year-on-year [1] - Revenue breakdown: - Railway sector: 8.324 billion yuan, a decrease of 7.87% year-on-year [1] - Urban rail sector: 3.916 billion yuan, an increase of 12.85% year-on-year [1] - Overseas sector: 0.944 billion yuan, an increase of 55.92% year-on-year [1] - Engineering contracting and other sectors: 1.480 billion yuan, an increase of 29.93% year-on-year [1] - Net profit attributable to shareholders was 1.6205 billion yuan, a year-on-year increase of 1.34% [1] - Basic earnings per share were 0.15 yuan [1] Contract Signing - Total new contracts signed amounted to 17.568 billion yuan, a decrease of 16.44% year-on-year [1] - Breakdown of new contracts: - Railway sector: 11.14 billion yuan, an increase of 12.64% year-on-year [1] - Urban rail sector: 3.774 billion yuan, an increase of 26.51% year-on-year [1] - Overseas sector: 1.875 billion yuan, a decrease of 47.16% year-on-year [1] - Engineering contracting and other sectors: 0.748 billion yuan, a decrease of 83.74% year-on-year [1] - Low-altitude economy sector: new contracts worth 0.03 billion yuan [1] Strategic Development - The company is actively positioning itself in strategic emerging industries, particularly in the low-altitude economy sector, aiming to establish a comprehensive industry structure involving airspace control, drone manufacturing, and service operations [2] - The development of the low-altitude economy and the company's strategic initiatives are expected to positively impact future operational performance [2]

Financial Performance - In the first half of 2025, the company achieved operating revenue of 14.665 billion yuan, an increase of 2.91% compared to the same period last year [1] - The net profit attributable to shareholders was 1.6205 billion yuan, a year-on-year growth of 1.34%, with basic earnings per share of 0.15 yuan [1] - New contracts signed totaled 17.568 billion yuan, a decrease of 16.44% year-on-year [1] Segment Performance - Revenue from the railway sector was 8.324 billion yuan, down 7.87% year-on-year [1] - Revenue from the urban rail sector was 3.916 billion yuan, an increase of 12.85% year-on-year [1] - Revenue from overseas operations reached 944 million yuan, up 55.92% year-on-year [1] - Revenue from engineering contracting and other sectors was 1.48 billion yuan, an increase of 29.93% year-on-year [1] Contractual Developments - New contracts in the railway sector amounted to 11.14 billion yuan, a year-on-year increase of 12.64% [1] - New contracts in the urban rail sector were 3.774 billion yuan, up 26.51% year-on-year [1] - New contracts in overseas operations were 1.875 billion yuan, down 47.16% year-on-year [1] - New contracts in engineering contracting and other sectors were 748 million yuan, a significant decrease of 83.74% year-on-year [1] Strategic Initiatives - The company is actively entering the low-altitude economy sector, aiming to establish a three-industry and one-ecosystem structure involving low-altitude airspace control, drone manufacturing, and service operations [2] - The development of the low-altitude economy and the company's strategic initiatives in emerging industries are expected to positively impact future operating performance [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 建議變更H股募集資金用途 H股募集資金基本情況 茲提述(i)本公司日期為2015年7月28日 的H股 招 股 說 明 書（「招股書」）, (ii) 本公司日期為2020年3月25日的建議變更H股 募 集 資 金 用 途 公 告（「該公告」） 及(iii)本公司日期為2020年5月15日的本公司2019年 度 股 東 週 年 大 會 通 函， 內 容 有 關（其 中 包 括）本 公 司H股募集資金基本情況及變更H股募集資金 用 途。除 另 有 界 定 者 外，本 公 告 所 用 詞 彙 與 招 股 書 及 該 公 告 所 界 定 者 具 有 相 同 涵 義。 中 國 鐵 路 通 信 信 號 股 份 有 限 公 司 China Railway Signal & Communication Corporation Limited* （在中華人 ...

Core Insights - The company reported a revenue of 340 million yuan and a net profit of 1.4764 million yuan for the first half of 2025, marking a significant turnaround from losses in the previous year [1] - The core business segment of rail transit vehicle air conditioning and services was the key driver of profitability, achieving a revenue of 238 million yuan, a year-on-year increase of 11.98%, with a gross margin of 33.16% [1] - The company secured major domestic projects including Shenzhen Metro Line 13 and Beijing Metro Line 1, as well as international orders from Italy and Norway, enhancing its market position [1] - The company also made strategic breakthroughs in the after-market services for rail transit, winning maintenance service orders in key cities [1] - The company launched the Longertek 4.0 series of liquid cooling products for energy storage, delivering over 45 GWh of products to major energy storage projects [1] Financial Developments - The company resolved a significant issue regarding the occupation of funds by its controlling shareholder, with a total of 237 million yuan returned by June 30, 2025 [2] - The board has implemented measures to strengthen internal audit supervision and improve corporate governance to prevent similar issues in the future [2] Future Outlook - The company plans to continue focusing on its core rail transit business while expanding into new energy and energy storage sectors to support sustainable growth [2]

格隆汇8月27日丨中国通号(688009.SH)发布中报，2025上半年实现营业总收入147.3亿元，同比增长 2.77%；归属母公司股东净利润16.21亿元，同比增长1.34%；基本每股收益为0.15元。 ...

新京报贝壳财经讯8月27日，中国通号（688009）公告，2025年上半年营业收入146.65亿元，同比增长 2.91%，归母净利润16.21亿元，同比增长1.34%。 ...

报告期内公司核心业务仍为轨道交通控制系统及其衍生业务，业务组成没有发生重大变化。 新增重要非主营业务情况 □适用 √不适用 二、 经营情况的讨论与分析 报告期内，公司实现营业收入 146.65 亿元，较上年同期增长 2.91%，其中：铁路领域 83.24 亿元， 较上年同期下降 7.87%；城轨领域 39.16 亿元，较上年同期增长 12.85%；海外领域 9.44 亿元，较 上年同期增长 55.92%；工程总承包及其他领域 14.80 亿元，较上年同期增加 29.93%。2025 年上 - 5 - 中国铁路通信信号股份有限公司2025 年半年度报告 公司代码：688009.SH 公司简称：中国通号 中国铁路通信信号股份有限公司 中国铁路通信信号股份有限公司2025 年半年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、重大风险提示 本公司已在本报告中详细描述存在的风险因素，请查阅本报告第三节"管理层讨论与分析" 中有关风险的说明。 三、公司全体董事出席董事会会议。 四、本 ...

格隆汇8月27日｜中国通号公告，公司上半年实现营业收入146.65亿元，同比增长2.91%；归属于上市公 司股东的净利润16.21亿元，同比增长1.34%；基本每股收益0.15元。 ...

中国通号公告，2025年上半年营业收入146.65亿元，同比增长2.91%。净利润16.21亿元，同比增长 1.34%。 ...

Group 1 - Goldman Sachs raised the target price for CRRC Corporation Limited (H-shares) from HKD 6.2 to HKD 6.8, maintaining a "Buy" rating; the target price for A-shares increased from CNY 5.7 to CNY 6.2, maintaining a "Neutral" rating [1] - For Times Electric (H-shares), the target price was raised from HKD 35.3 to HKD 37, maintaining a "Buy" rating; the target price for A-shares increased from CNY 48.7 to CNY 51, maintaining a "Neutral" rating [1] - Both CRRC and Times Electric's performance in the first half of the year met expectations, with a stable but differentiated pattern in railway and emerging businesses [1] Group 2 - The bidding volume for multiple units (MU) and locomotives reached 278 standard trains and 455 units, exceeding previous expectations of 230 standard trains and 400 units, providing substantial support for the group's annual profitability [1] - Earnings per share (EPS) forecasts for CRRC for 2025 to 2030 were raised by 8% to 12%; for Times Electric, EPS forecasts for 2026 to 2030 were increased by 4% to 7%, although the 2025 forecast was slightly lowered by 1% due to lower-than-expected profit margins [1]