Core Insights - The company reported a 15% year-on-year decrease in operating costs in the first half of the year, attributed to both a decline in raw material prices and the implementation of a digital supply chain management system [1] - The gross profit margin for the railway power supply automation system business increased by 2.8 percentage points due to the promotion of new technologies and cost control [1] - The company is actively exploring new profit growth points, focusing on smart grids and green energy, while aligning its R&D investments with national strategic directions [1][2] Cost Control and Technology Development - The company effectively reduced project execution costs through the construction of a new information platform and project budget management [1] - Continuous growth in R&D investment is aimed at upgrading technologies in line with the national "14th Five-Year" plan for intelligent transportation [1][2] Market Expansion and International Projects - The company is involved in the Hamburg subway renovation project in Germany, which has entered the debugging phase, showcasing its ability to accumulate replicable international project experience [1] - The impact of the trade war on the company's German subsidiary, RPS, has been limited [1] Shareholder Value and Market Management - The company is focused on enhancing operational results to return value to shareholders, despite acknowledging that stock price fluctuations are influenced by multiple factors [2] - The core competitiveness of the company is derived from independent R&D and a comprehensive product system, with no "bottleneck" risks in core technologies [2]

国内市场上，公司自主研发的面向城市轨道交通领域的综合监控系统和综合安防系统、直流供电系统、 机车车辆控制零部件、刚性悬挂接触网等产品在多个城市轨道交通项目落地；铁路供电自动化系统中的 多个系统覆盖全国各铁路公司，应用于高铁、客运专线及常速电气化铁路。 国外市场中，全资子公司德国RPS在德国轨道交通供电及接触网业务保持市场领先，业务延伸至欧洲、 亚洲、北美、澳洲等地区，上半年子公司RPS贡献营业收入7.79亿元，净利润1529.35万元，成为公司重 要增长来源。 项目进展上，截至报告期末，公司在执行合同金额达66.47亿元，其中境内16.14亿元、境外50.33亿元。 1000万元以上的重点项目推进有序，境内市场上，如北京22号线(平谷线)ISCS处于设计联络阶段，天津 8号线一期ISCS进入生产供货阶段，天津7号线一期ISCS进入调试、验收阶段；境外市场上，多个项目 进度良好，如EEP_S21Untertürkheim Interregiokurve项目进度89.32%、Kiel-GFBBbf.项目进度89.17%、 Korridor Riedbahn项目进度88.97%。(燕云) 8月26日晚间，凯发电气（ ...