技术+管理+数学化深耕清洁综合能源服务：煤价下跌业绩弹性值得期得公司已开发多项热力供应领域 相关的专利技术，报告期未，公司拥有授权专利 77项，其中发明专利18项，实用新型52项，软件著作 权7项，在研项目达 9项。在热网平衡、热网自控、低位热能利用等方面正在形成具有自主知识产权的 专有技术，且都处于国内领先水平。同时，公司依托热源超低排放改造、中水源热泵供热、余热利用及 智慧运营等技术矩阵，构建"源-网-荷"协同的新型综合能源服务体系。在多年发展中，公司锻造了专业 精湛、经验丰富且富有创新精神的管理团队，擅长全周期项目精细管控与动态资源优化配置，保障战略 高效执行。面对供热市场新增面积增速放缓等不利因素，公司持续推动降本增效及精细化管理，近年保 持广稳定的现金流及充沛的盈利能力。近年来，公司制定"双效提升"数字化战略一一在运营端聚焦锅 炉、换热站等生产单元智能控制，优化能源使用效率；在经营端通过智能化管理平台精进财务及供应键 流程，提升人效比，已成为具有核心竞争优势的综合清洁能源服务商。 今年以来，市场煤价持续下跌，截止25/8/29.秦皇岛5500大卡动力煤平仓价 690元/吨，同比下跌149元/ 吨，公 ...

Core Viewpoint - Zhaoxun Media reported a revenue of 292 million yuan and a net profit of 21.38 million yuan for the first half of 2025, highlighting its growth in the digital outdoor advertising sector through advanced technologies like naked-eye 3D displays [1] Group 1: Financial Performance - The company achieved a revenue of 292 million yuan and a net profit of 21.38 million yuan during the reporting period [1] Group 2: Business Expansion and Technology - Zhaoxun Media is actively expanding its digital outdoor business in key urban areas, implementing cutting-edge technologies such as frame refresh, dynamic image restoration, and edge enhancement to improve visual clarity and realism [1] - The naked-eye 3D technology creates a strong depth effect on 2D screens, redefining outdoor media's expressiveness and attracting major brands like Xiaomi and Coca-Cola [1] - The company is focusing on a dual strategy of hardware and content development, investing in AI digital content generation technology to enhance creative processes [2] Group 3: Operational Efficiency - Zhaoxun Media has established a digital system for remote management of advertising content, improving operational efficiency and providing reliable advertising services to clients [2][3] - The company offers professional media strategies and deployment advice to help brands reach their target audiences more effectively, ensuring a scientific and executable approach [3] - An automated broadcasting mechanism allows for quick and secure content distribution across a vast high-speed rail network, enhancing responsiveness to diverse advertising needs [3] Group 4: Future Outlook - The company plans to continue expanding its media resource coverage in first-tier and new first-tier cities while deepening the integration of AI technology and creative content [4] - Zhaoxun Media aims to explore new technologies like AR/VR for outdoor applications, creating a new digital marketing paradigm that links online and offline experiences [4]

Core Viewpoint - Zhaoxun Media reported a revenue of 670 million yuan for 2024, marking a 12.2% year-on-year increase, with a net profit of 75.63 million yuan [2] - The company is a leader in the high-speed rail digital media sector in China, benefiting from the government's push for high-quality development in the advertising industry [2][4] Group 1: Financial Performance - For Q1 2025, Zhaoxun Media achieved a revenue of 163 million yuan and a net profit of 20.86 million yuan [2] - The company has shown consistent growth in revenue and profit, indicating a strong financial position [2] Group 2: Business Expansion and Strategy - Zhaoxun Media has signed contracts with 529 railway passenger stations and operates 495 stations, making it one of the largest operators in the high-speed rail digital media advertising industry [2] - The company is focusing on key economic zones such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area, enhancing its media resource layout [3] - Zhaoxun Media is also expanding into urban commercial digital outdoor media, establishing outdoor naked-eye 3D screens in major commercial areas across various cities [3] Group 3: Future Outlook - The ongoing expansion of the high-speed rail network and the recovery of consumer spending are expected to boost advertising budgets, enhancing the synergistic effect of Zhaoxun Media's "high-speed rail + commercial circle" strategy [4]