2025年9月15日上午9:00 - 11:30，北京鼎汉技术集团股份有限公司参加"广州工控上市公司2025年半年度 集体投资者会议"，接受了包括工控集团在内的15家机构调研。鼎汉技术董事长顾庆伟先生、董事兼总 裁张谦先生、副总裁兼董事会秘书李彤女士出席会议。 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 点击查看公告原文>> 责任编辑：小浪快报 投资者活动关系类别为参加"广州工控上市公司2025年半年度集体投资者会议"；时间为2025年09月15日 上午09:00 - 11:30；地点在广州越秀国际会议中心、全景网"投资者关系互动平台"（http://ir.p5w.net）； 参与单位名称有工控集团、鼎汉技术、广日股份、山河智能、润邦股份、金 ...

Core Viewpoint - Dinghan Technology (300011) reported a steady increase in revenue and significant profit growth in the first half of 2025, driven by market expansion, technological innovation, and cost reduction efforts [1] Group 1: Financial Performance - In the first half of 2025, Dinghan Technology achieved revenue of 721 million yuan and a net profit attributable to shareholders of 9.67 million yuan [1] - The net profit for the second quarter was 24.67 million yuan, marking a year-on-year increase of 234.27% and a quarter-on-quarter increase of 264.47% [1] - Operating cash flow reached 32.79 million yuan, reflecting a year-on-year growth of 149% and a quarter-on-quarter growth of 139% [1] - The company secured new orders worth 830 million yuan in the first half of 2025, indicating strong growth compared to the previous year [1] Group 2: Market Position and Product Development - The company maintained its leading position in the rail transit sector, with a stable increase in market share for its signal power systems [2] - The integrated power supply system utilizing HVDC technology has improved product reliability and energy efficiency, winning the Railway Science and Technology Award [2] - Vehicle air conditioning products have gained market share in the national railway sector and expanded into major repair markets, achieving good performance in cities like Chengdu and Beijing [2] - The comprehensive detection system for rail tunnels was successfully delivered in Shenzhen [2] Group 3: New Growth Engines - The company has completed the development and trial of various cooling units for new energy applications, achieving bulk supply to several companies [3] - It has successfully entered the smart manufacturing sector with orders exceeding 23 million yuan for automated equipment and digital factory management systems [3] Group 4: R&D Investment and Green Upgrades - Dinghan Technology invested 54.64 million yuan in R&D in the first half of 2025, accounting for 7.58% of its revenue, focusing on high-end, intelligent, and green product upgrades [4] - Innovations include an integrated communication power supply system and a photovoltaic inverter that directly applies renewable energy to traction networks [4] Group 5: Capital Support and Strategic Development - The company has optimized internal management, reducing the expense ratio by 2.33 percentage points, strengthening its foundation for strategic transformation [5] - The controlling shareholder plans to fully subscribe to the company's new share issuance, enhancing capital support for future growth [5] - The industry trend indicates a shift towards innovation-driven and green development in the rail transit sector, which may benefit Dinghan Technology as it capitalizes on equipment upgrades and new energy equipment replacements [5]

Group 1: Company Performance Overview - In 2024, the company achieved an operating revenue of CNY 158,776.95 million, a year-on-year increase of 4.63% [3] - The net cash flow from operating activities was CNY 15,083.75 million, representing a year-on-year growth of 26.80% [3] - The company reported a decrease in the sales, management, and financial expense ratio by 2.42 percentage points compared to the previous year [3] Group 2: Market Expansion - The company secured new orders worth CNY 18.36 billion in 2024, with a total order backlog of CNY 25.68 billion by the end of the year [4][12] - In the first quarter of 2025, the company achieved new orders of CNY 4.75 billion, a growth of 28.38% compared to the same period last year [12] - The company maintains a leading market share in the signal power supply system, with applications across major railway and subway systems in cities like Beijing, Shanghai, and Guangzhou [4] Group 3: Research and Development - The company invested CNY 11,630.51 million in R&D in 2024, focusing on upgrading existing products towards smart, green, lightweight, and modular designs [6] - New products include the PV2RAIL solar inverter and CR450 project auxiliary converters, which utilize advanced technologies for improved efficiency and reliability [6] Group 4: Internal Management and Governance - The company received the "2024 Annual Financial Association Governance Pioneer Award" and achieved an A-level rating for information disclosure from the Shenzhen Stock Exchange [7] - The company is implementing a cost control strategy, resulting in a decrease in the sales, management, and financial expense ratio [7] Group 5: Future Strategies and Policies - The company is considering mergers and acquisitions to enhance market competitiveness and innovation capabilities, supported by new policies from Guangzhou [9] - The company is actively pursuing opportunities in AI and robotics, aligning with provincial policies to foster innovation in these sectors [10][11] Group 6: Industry Trends - In 2024, national railway fixed asset investment reached CNY 850.6 billion, an increase of 11.3% from 2023, indicating a robust growth environment for the industry [19] - The urban rail transit sector is expected to grow steadily, with projected operational line lengths nearing 13,000 kilometers by the end of the "14th Five-Year Plan" [19]