鼎汉技术所属申万行业为：机械设备-轨交设备Ⅱ-轨交设备Ⅲ。所属概念板块包括：京津冀、人工智 能、小盘、铁路基建、储能等。 截至9月30日，鼎汉技术股东户数2.72万，较上期减少7.71%；人均流通股18674股，较上期增加8.35%。 2025年1月-9月，鼎汉技术实现营业收入11.88亿元，同比增长3.73%；归母净利润1280.90万元，同比减 少18.51%。 分红方面，鼎汉技术A股上市后累计派现1.71亿元。近三年，累计派现0.00元。 责任编辑：小浪快报 12月23日，鼎汉技术盘中下跌2.03%，截至13:58，报8.21元/股，成交3779.62万元，换手率0.90%，总市 值49.72亿元。 资金流向方面，主力资金净流出69.83万元，大单买入542.22万元，占比14.35%，卖出612.05万元，占比 16.19%。 鼎汉技术今年以来股价涨12.77%，近5个交易日涨4.32%，近20日跌4.53%，近60日涨1.36%。 资料显示，北京鼎汉技术集团股份有限公司位于北京市丰台区南四环西路188号十八区2号楼(园区)，成 立日期2002年6月10日，上市日期2009年10月30日，公司主营业务 ...

转自：中国证券报·中证网 中证报中证网讯（王珞）近日，鼎汉技术顺利完成向特定对象发行股份，募集资金2.24亿元。本次定增 由公司控股股东——广州工控资本管理有限公司全额认购，充分体现了国资股东对公司未来发展前景的 坚定信心与持续支持，也为公司在"十五五"时期推进"1+N"业务布局注入关键资金动力。 当前，鼎汉技术正持续深化"1+N"业务布局，即以轨道交通为核心基本盘，积极拓展新能源、人工智 能、智能制造三大新兴业务板块。此次定增资金的到位，将进一步推动公司战略升级： 轨道交通领域，公司巩固信号电源、车辆空调、轻量化车载辅助电源、智慧化解决方案等优势产品的技 术领先地位，加速产品迭代和市场渗透，持续提升市场份额。 新能源领域，依托公司在轨道交通领域积累的技术优势，积极布局储能、光伏、工程机械等领域相关细 分市场，抢抓"双碳"背景下的产业机遇。 人工智能领域，紧抓人工智能发展浪潮下AI技术应用及基础设施建设机遇，探索公司UPS、HVDC技术 等在AIDC领域的延伸应用。 智能制造领域，围绕低空经济相关产业政策，紧抓"低空+"应用机遇，推动低空巡检等解决方案落地实 施；探索物联网、机器学习、人工智能等前沿技术在智能 ...

Core Points - Beijing Dinghan Technology Group Co., Ltd. plans to issue A-shares to specific investors, with a maximum fundraising amount of 224.21 million yuan, aimed at supplementing working capital [1][2][3] - The issuance price is set at 4.78 yuan per share, with a maximum of 46,905,000 shares to be issued, which will not change the company's control [1][2] - The company has received approval from the China Securities Regulatory Commission for this stock issuance, which is valid for 12 months from the date of approval [2] Trading Information Summary - As of October 23, 2025, Dinghan Technology's stock closed at 8.07 yuan, up 1.89%, with a turnover rate of 1.69% and a trading volume of 85,900 shares, amounting to a transaction value of 68.61 million yuan [1] - On the same day, the main funds and speculative funds experienced a net outflow of 278.42 million yuan and 213.57 million yuan respectively, while retail investors saw a net inflow of 491.99 million yuan [1][3] Financial Performance Summary - The company's net profit attributable to shareholders, excluding non-recurring gains and losses, was reported as -206.82 million yuan, -18.53 million yuan, -2.77 million yuan, and 3.80 million yuan for the respective reporting periods [1]

Group 1 - The issuance of shares aims to support the company's growth in the rail transit equipment industry, which is closely linked to national economic development and urban planning [1][5][9] - The rail transit sector is recognized as a crucial infrastructure and has been prioritized by the government through various policies to enhance its development [2][3][4] - The company is positioned to benefit from the increasing demand for rail transit equipment due to ongoing urbanization and infrastructure projects, including the "Belt and Road" initiative and "New Infrastructure" strategies [4][5][6] Group 2 - The company has maintained a leading position in the rail transit market, with a focus on technological innovation and the development of smart and green solutions [7][10] - The financial health of the company is under pressure due to high operational costs and the need for substantial working capital to support ongoing projects and R&D [8][11] - The planned share issuance will enhance the company's liquidity, reduce financial risks, and improve its capital structure, thereby supporting sustainable growth [9][11][25] Group 3 - The company’s core products have a significant market share in both national and urban rail transit sectors, and it aims to adapt to market changes by enhancing customer engagement and product offerings [7][10] - The issuance of shares will be fully subscribed by the controlling shareholder, which will strengthen state capital control and improve corporate governance [9][13][19] - The company is committed to using the raised funds to bolster R&D and operational capabilities, ensuring alignment with market demands and technological advancements [8][25][27]

Group 1: Innovation and R&D - The company invests over 100 million annually in R&D, establishing a competitive edge in high-end rail equipment manufacturing and smart solutions [3] - Key innovations include signal power products with dual bus architecture and intelligent operation and maintenance technologies, leading industry advancements [3] - The company has participated in the formulation of 16 industry standards by the end of 2024, transitioning from a supplier to an ecosystem enabler [3] Group 2: Financial Performance - In 2024, the company achieved revenue of 158,776.95 million, a 4.63% increase year-on-year [6] - The net cash flow from operating activities reached 15,083.75 million, up 26.80% from the previous year, ensuring strong financial support for future growth [7] - The company has a negative retained earnings balance, which has prevented dividend distribution [16] Group 3: Business Development and Market Strategy - The company adopted a "key layout, all-domain collaboration" strategy in 2024, resulting in new orders worth 18.36 billion, with total orders on hand reaching 25.68 billion [14] - Focus on expanding into new markets while maintaining existing market share, particularly in rail transportation and smart maintenance sectors [14] - The company is exploring new growth engines in emerging industries, achieving breakthroughs in areas like new energy thermal management and industrial robotics [15] Group 4: Governance and Management - The company has established a governance structure that enhances decision-making and risk management, ensuring compliance with regulatory requirements [10] - A focus on talent acquisition and development, with a competitive compensation system and a professional training framework to build a diverse talent pool [11] Group 5: Challenges and Future Outlook - The company faces challenges in profitability compared to peers, attributed to product structure and raw material price fluctuations [9] - Plans to enhance profitability through cost reduction, efficiency improvements, and strategic market expansion [9] - The company is committed to leveraging AI and robotics in its operations, with ongoing projects in intelligent detection and automation [19]

Core Viewpoint - The company, Dinghan Technology, reported a revenue of 1.588 billion yuan for 2024, marking a year-on-year growth of 4.63%, with significant contributions from international business and a notable increase in net profit [1][2]. Financial Performance - The company achieved a net profit attributable to shareholders of 11.1163 million yuan, with a non-recurring net profit growth of 85.08% year-on-year [1]. - The total new orders for 2024 reached 1.836 billion yuan, with a backlog of 2.568 billion yuan by the end of the year [1]. - The operating cash flow net amount was 151 million yuan, reflecting a year-on-year increase of 26.8% [1]. Business Strategy - The company is focusing on "new quality productivity" as a core engine, enhancing revenue generation, quality improvement, and efficiency [1]. - It is deepening the integration of "high-end equipment + smart solutions" and expanding its market presence in both traditional and new sectors [1][4]. Market Segments - The rail transportation sector remains a key focus, with revenue from vehicle electrical equipment reaching 854 million yuan, a year-on-year increase of 19.04%, accounting for 53.81% of total revenue [3]. - Ground electrical equipment generated 458 million yuan in revenue, with a gross margin increase of 6.64 percentage points to 40.67% [3]. - Smart solutions contributed 265 million yuan, showing a slight growth of 0.99% [3]. Innovation and R&D - The company invested 116 million yuan in R&D for 2024, representing 7.33% of revenue, with a year-on-year increase of 8.3% [5][6]. - The workforce includes 351 R&D personnel, making up 23% of total employees [5]. - Innovations include advancements in signal power systems, vehicle auxiliary power systems, and smart solutions integrating various technologies [6][7]. New Market Opportunities - The company is exploring strategic emerging industries, achieving breakthroughs in fields such as new energy thermal management, smart warehousing, and industrial robotics [4]. - Notable projects include the development of thermal management products for major manufacturers and automated sorting systems for e-commerce logistics [4].