Group 1 - The core point of the news is that Century Real has seen a stock price increase of 5.25%, reaching 6.82 CNY per share, with a trading volume of 1.04 billion CNY and a turnover rate of 3.45%, resulting in a total market capitalization of 39.90 billion CNY [1] - Century Real, established on May 3, 1999, and listed on December 22, 2010, is based in Haidian District, Beijing. The company specializes in railway operation safety monitoring systems, urban rail transit passenger information service systems, and comprehensive railway operation and maintenance services [1] - The revenue composition of Century Real includes: urban rail transit passenger information systems at 34.84%, railway comprehensive informatization business at 32.74%, railway operation safety monitoring systems at 32.02%, and other services at 0.39% [1] Group 2 - Among the top circulating shareholders of Century Real, a fund under Dacheng Fund holds a significant position. The Dacheng CSI 360 Internet + Index A (002236) reduced its holdings by 120,300 shares in the third quarter, now holding 2.9056 million shares, which accounts for 0.63% of the circulating shares [2] - The Dacheng CSI 360 Internet + Index A (002236) was established on February 3, 2016, with a latest scale of 788 million CNY. Year-to-date returns are 39.53%, ranking 1082 out of 4216 in its category; the one-year return is 35.95%, ranking 596 out of 3937; and since inception, the return is 229.09% [2]

Group 1 - The core point of the news is that Beijing Century Real Technology Co., Ltd. experienced a stock price increase of 5.59%, reaching 6.61 CNY per share, with a trading volume of 302 million CNY and a turnover rate of 10.43%, resulting in a total market capitalization of 3.868 billion CNY [1] - The company, established on May 3, 1999, and listed on December 22, 2010, specializes in railway operation safety monitoring systems, urban rail transit passenger information service systems, and comprehensive railway operation and maintenance services [1] - The revenue composition of the company's main business includes urban rail transit passenger information systems at 34.84%, railway comprehensive information services at 32.74%, and railway operation safety monitoring systems at 32.02%, with other revenues accounting for 0.39% [1] Group 2 - Among the top ten circulating shareholders of Century Real, a fund under Great Wall Fund holds a position. The Great Wall CSI 360 Internet + Index A (002236) reduced its holdings by 120,300 shares in the third quarter, now holding 2.9056 million shares, which represents 0.63% of the circulating shares [2] - The Great Wall CSI 360 Internet + Index A (002236) was established on February 3, 2016, with a latest scale of 788 million CNY. Year-to-date returns are at 39.83%, ranking 1201 out of 4216 in its category, while the one-year return is 44.71%, ranking 617 out of 3913 [2]

Core Viewpoint - Century Real is a leading supplier of railway operation safety monitoring systems in China, with a comprehensive service capability across the entire industry chain, particularly strong in the railway and urban rail sectors [1] Group 1: Business Performance - In Q3 2025, Century Real reported revenue of 511 million yuan, ranking 65th among 131 companies in the industry, significantly below the industry average of 2.833 billion yuan [2] - The company's main business segments include urban rail passenger information systems (124 million yuan, 34.84%), railway comprehensive information services (117 million yuan, 32.74%), and railway operation safety monitoring systems (114 million yuan, 32.02%) [2] - The net profit for the same period was 40.05 million yuan, ranking 39th in the industry, above the average of 25.96 million yuan and the median of 5.83 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Century Real's debt-to-asset ratio was 21.51%, down from 23.31% year-on-year and significantly lower than the industry average of 38.93%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 38.86%, lower than the previous year's 43.04% but still above the industry average of 29.96%, suggesting a maintained profitability advantage [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 5.52% to 29,800, while the average number of circulating A-shares held per shareholder decreased by 5.23% to 15,400 [5] - Among the top ten circulating shareholders, Dachen Zhongzheng 360 Internet + Index A (002236) ranked as the tenth largest, holding 2.9056 million shares, a decrease of 120,300 shares from the previous period [5] Group 4: Executive Compensation - The chairman, Zhu Jiangbin, received a salary of 515,100 yuan in 2024, an increase of 127,500 yuan from 387,600 yuan in 2023 [4]

Group 1 - The core point of the news is that Century Real has seen a stock price increase of 5.26%, reaching 5.80 CNY per share, with a total market capitalization of 3.394 billion CNY [1] - Century Real's main business includes railway operation safety monitoring systems, urban rail transit passenger information service systems, and comprehensive railway operation and maintenance services [1] - The revenue composition of Century Real's main business is as follows: urban rail transit passenger information systems 34.84%, railway comprehensive informatization business 32.74%, railway operation safety monitoring systems 32.02%, and others 0.39% [1] Group 2 - Among the top ten circulating shareholders of Century Real, a fund under Dacheng Fund holds a position, specifically Dacheng CSI 360 Internet + Index A (002236), which reduced its holdings by 120,300 shares in the third quarter [2] - As of the latest data, Dacheng CSI 360 Internet + Index A has a total asset size of 698 million CNY and has achieved a year-to-date return of 38.29% [2] - The fund manager of Dacheng CSI 360 Internet + Index A is Xia Gao, who has a cumulative tenure of 10 years and 330 days, with the best fund return during this period being 225.06% [3]

Company Overview - Beijing Century Real Technology Co., Ltd. is located in Haidian District, Beijing, and was established on May 3, 1999. The company was listed on December 22, 2010. Its main business involves railway operation safety monitoring systems, urban rail transit passenger information service systems, and comprehensive railway operation and maintenance services [1]. Business Composition - The revenue composition of the company is as follows: Urban rail transit passenger information systems account for 34.84%, railway comprehensive informatization business for 32.74%, railway operation safety monitoring systems for 32.02%, and other services for 0.39% [1]. Stock Performance - On October 24, the stock price of Century Real fell by 5.13%, reaching 5.55 CNY per share, with a trading volume of 123 million CNY and a turnover rate of 4.75%. The total market capitalization is 3.247 billion CNY [1]. Major Shareholders - Among the top ten circulating shareholders of Century Real, a fund under Dacheng Fund holds a position. The Dacheng CSI 360 Internet + Index A (002236) reduced its holdings by 120,300 shares in the third quarter, now holding 2.9056 million shares, which represents 0.63% of the circulating shares. The estimated floating loss today is approximately 871,700 CNY [2]. Fund Performance - The Dacheng CSI 360 Internet + Index A (002236) was established on February 3, 2016, with a current scale of 698 million CNY. Year-to-date returns are 36.51%, ranking 1126 out of 4218 in its category. Over the past year, returns are 48.71%, ranking 441 out of 3875, and since inception, the return is 221.95% [2]. Fund Management - The fund manager of Dacheng CSI 360 Internet + Index A is Xia Gao, who has been in the position for 10 years and 326 days. The total asset size of the fund is 2.26 billion CNY, with the best fund return during the tenure being 218.25% and the worst being -71.74% [3].