证券代码：688009 证券简称：中国通号 中国铁路通信信号股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |------------|------------------------------|---------------------------------------------|--------|----------| | | | | 编号： | 2024-003 | | 投资者关系 | □ | 特定对象调研 □分析师会议 | | | | 活动类别 | □ 媒体采访 ■业绩说明会 | | | | | | □新闻发布会 □路演活动 | | | | | | □ 现场参观 □一对一沟通 | | | | | | □其他 | | | | | 参与单位及 | 投资者 | | | | | 人员 | | | | | | 时间 | 2024 年 10 月 14 | 日 11:00-12:00 | | | | 地点 | 网络远程 | | | | | 接待人员 | 董事长、执行董事：楼齐良 | | | | | | 独立非执行董事：姚桂清 | | | | | | 总会计师 ...

I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03969 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,968,801,000 | RMB | | 1 | RMB | | 1,968,801,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 1,968,801,000 | RMB | | 1 | RMB | | 1,968,801,000 | FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鐵路通信信號股份有限公司 呈交日期: 2024年 ...

证券代码：688009 证券简称：中国通号 公告编号：2024-024 中国铁路通信信号股份有限公司 关于召开 2024 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2024 年 10 月 14 日(星期一) 上午 11:00-12:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 9 月 30 日(星期一) 至 10 月 11 日(星期 五)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 ir@crsc.cn 进行提问。公司将在说明会上对投资者普 遍关注的问题进行回答。 中国铁路通信信号股份有限公司（以下简称"公司"）已于 2024 年 8 月 29 日发布公司 2024 年半年度报告，为便于广大投资者更全面 深入地了解公司 2024 年半年度经营成果、财务状况，公司计划于 2024 年 10 月 14 日 ...

证券代码：688009 证券简称：中国通号 公告编号：2024-023 中国铁路通信信号股份有限公司 关于自愿披露轨道交通市场重要项目中标的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 风险提示：以上项目已中标公示，因涉及相关手续办理，尚未与招标人 签订相关正式合同，存在不确定性；境外项目所在国货币存在汇率波动风险； 因以上项目需跨年分期实施，对2024年当期业绩影响有不确定性，敬请广大 投资者注意投资风险。 | 1.合同金额（亿元） | 1.58 | 1.1 | | --- | --- | --- | | 2.支付进度安排 | 项目按照到货款、验收款等流程进行支付。 | 项目按照预付款、进度款、竣工验收款、质保款等流程进行 支付。 | | 3.履行地点 | 陕西省 | 湖南省 | | 4.履行期限 | 合同签订日至项目质保期结束，其中项目执行周期约为 20 | 合同签订日至项目质保期结束，其中项目执行周期约为 30 个 | | | 个月，质保期为 24 个月，共计 44 个月。 | 月，质保期为 ...

公司对楼齐良先生在任职总裁期间为公司做出的贡献表示衷心感谢！ 特此公告。 中国铁路通信信号股份有限公司董事会 2024年9月14日 证券代码：688009 证券简称：中国通号 公告编号：2024-022 中国铁路通信信号股份有限公司 关于公司总裁变动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 近日，中国铁路通信信号股份有限公司（以下简称"公司"）董事会收到公 司总裁楼齐良先生递交的辞任报告。楼齐良先生因工作职责调整原因辞去公司总 裁职务，辞任后将继续担任公司董事长、执行董事及董事会战略与投资委员会主 任委员、质量安全委员会主任委员职务。 根据《中华人民共和国公司法》《中国铁路通信信号股份有限公司章程》的 规定，辞任报告自送达公司董事会时生效。楼齐良先生确认与公司董事会之间无 任何意见分歧，亦无任何与辞任有关事项需提请公司股东及债权人注意。本辞任 事项，不会对公司的正常运作及生产经营产生影响。 ...

Investment Rating - The report maintains a "Buy" rating for both A-shares and H-shares of the company [5]. Core Views - The company's profitability is continuously improving and is expected to benefit from the upgrade and replacement of rail transit equipment [2][4]. - Despite a decline in revenue, the company is focusing on high-quality development and optimizing its revenue structure [3][4]. - The overseas market is showing growth, with significant new contracts signed, particularly in the overseas sector [4]. Summary by Sections Financial Performance - In the first half of 2024, the company achieved operating revenue of 14.25 billion yuan, a year-on-year decrease of 14.3%, and a net profit attributable to shareholders of 1.6 billion yuan, down 12.3% year-on-year [2]. - The gross margin improved to 29.4%, an increase of 4.4 percentage points year-on-year, while the net margin rose to 13.0%, up 0.4 percentage points [2]. Business Segments - Revenue from the railway, urban rail, and engineering contracting segments was 9.04 billion, 3.47 billion, and 1.1 billion yuan, respectively, with year-on-year changes of +1.9%, -13.1%, and -65.0% [3]. - The high-margin segments of equipment manufacturing and design integration saw revenues of 2.91 billion and 5.98 billion yuan, growing 17.6% and 8.5% year-on-year [3]. Overseas Market - The company’s overseas business generated 610 million yuan in revenue, a year-on-year increase of 3.2% [3]. - New contracts in the overseas market totaled 3.55 billion yuan, a significant increase of 156.5% year-on-year, contributing to a total backlog of 122.39 billion yuan as of mid-2024 [4]. Profit Forecast and Valuation - The profit forecasts for 2024-2026 have been adjusted downwards by 10.7%, 7.5%, and 2.7% to 3.5 billion, 4.01 billion, and 4.65 billion yuan, respectively [5]. - The expected EPS for 2024-2026 is projected to be 0.33, 0.38, and 0.44 yuan [5].

Investment Rating - The report maintains a "Recommended" rating for the company [1] Core Views - The company reported a revenue of 14.332 billion yuan for the first half of 2024, a year-on-year decrease of 14%, with a net profit attributable to shareholders of 1.599 billion yuan, down 12.32% year-on-year [1] - The railway and overseas businesses showed growth, with railway revenue at 9.035 billion yuan, up 1.88% year-on-year, while overseas revenue reached 606 million yuan, an increase of 3.24% year-on-year [1] - The company is focusing on its core business and accelerating the launch of municipal construction projects, despite a significant decline in engineering contracting revenue [1] - The gross profit margin improved to 29.36%, up 4.40 percentage points year-on-year, mainly due to a decrease in the proportion of low-margin engineering contracting business [1] - The railway industry is experiencing an upward trend, with fixed asset investment in railways reaching 410.2 billion yuan from January to July, a year-on-year increase of 10.5% [1] - The company is expanding its overseas market presence, with new overseas orders amounting to 3.549 billion yuan, a year-on-year increase of 156.45% [1] Financial Forecasts - The company is expected to achieve net profits of 3.530 billion yuan, 3.795 billion yuan, and 4.333 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding EPS of 0.33, 0.36, and 0.41 yuan [2] - The projected revenue for 2024 is 36.994 billion yuan, with a slight decrease of 0.25% year-on-year, followed by a growth of 5.45% in 2025 and 9.31% in 2026 [2][4] - The gross profit margin is forecasted to be 25.99% in 2024, gradually increasing to 26.58% by 2026 [2][4] Financial Indicators - The company's net profit margin is projected to improve from 9.40% in 2023 to 10.16% in 2026 [4] - The return on equity (ROE) is expected to rise from 7.43% in 2023 to 8.17% in 2026 [4] - The debt-to-asset ratio is forecasted to remain stable, around 58% to 59% over the next few years [4]

Investment Rating - The investment rating for the company is "Outperform the Market" [3][10] Core Views - The company reported a 14% year-on-year decline in revenue for the first half of 2024, with total revenue of 14.332 billion yuan and a net profit of 1.599 billion yuan, down 12.32% year-on-year [1][4] - The decline in revenue is attributed to a focus on core business areas, leading to a reduction in revenue from municipal construction projects and a decrease in engineering contract income due to insufficient orders in urban rail projects [1] - Despite the revenue decline, the company has seen an increase in gross margin and net margin, with gross margin at 29.36% and net margin at 13.05%, reflecting a strategic shift towards high-quality development [1][5] - The company has experienced stable growth in its design integration and equipment manufacturing segments, with revenues of 5.978 billion yuan and 2.907 billion yuan, respectively, showing year-on-year increases of 8.54% and 17.57% [1] - New orders in the overseas market have shown significant growth, with a total of 3.549 billion yuan in new contracts, representing a 156.45% increase year-on-year [1] Summary by Sections Financial Performance - In the first half of 2024, the company achieved operating revenue of 14.332 billion yuan, a decrease of 14% year-on-year, and a net profit of 1.599 billion yuan, down 12.32% year-on-year [1][4] - The gross margin improved by 4.40 percentage points to 29.36%, while the net margin increased by 0.37 percentage points to 13.05% [1][5] Business Segments - Revenue from the rail transit control system was 13.111 billion yuan, down 2.52% year-on-year, while the equipment manufacturing and design integration segments saw revenues of 2.978 billion yuan and 5.978 billion yuan, respectively, with growth rates of 17.57% and 8.54% [1] - The engineering contracting business experienced a significant decline of 64.96%, with revenue dropping to 1.098 billion yuan [1] Order Book and Future Outlook - The total new orders signed in the first half of 2024 amounted to 21.023 billion yuan, a decrease of 33.62% year-on-year, primarily due to a drop in engineering contracting and other fields [1] - The company is expected to benefit from the recovery of national railway fixed asset investment, projected to exceed 800 billion yuan in the next two years, and the ongoing upgrade and renovation of high-speed rail lines [1]

公司代码：688009.SH 公司简称：中国通号 03969.HK 中国铁路通信信号股份有限公司 2024 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准 确性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 重大风险提示 本公司已在本报告中详细描述存在的风险因素，请查阅本报告第三节"管理层讨论与分析" 中有关风险的说明。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人楼齐良、主管会计工作负责人李连清及会计机构负责人（会计主管人员）张 世虎声明：保证半年度报告中财务报告的真实、准确、完整。 六、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无。 七、 是否存在公司治理特殊安排等重要事项 □适用 √不适用 八、 前瞻性陈述的风险声明 √适用 □不适用 本报告对未来国内外经济走势的判断和宏观政策的解读，具有部分的主观性和一些基于特定 前置条件而作出的预见性陈述，相关判断和解读可能受到制约因素影响而产生变化，最终结果或 趋势存在与这些预见性陈述出现差异的可能性。 本报告所涉 ...

证券代码：688009 证券简称：中国通号 公告编号：2024-021 | | 单位：元 币种：人民币 | | --- | --- | | 项目 | 金额 | | 募集资金账户初始金额 | 10,380,990,566.04 | | 减：先进及智能技术研发项目投入 | 2,629,704,855.45 | | 减：先进及智能制造基地项目投入 | 25,350,000.00 | | 减：信息化建设项目投入 | 111,264,404.00 | | 减：补充流动资金投入 | 2,995,934,028.20 | | 减：部分发行费用 | 26,648,192.81 | | 减：购买理财产品 | 2,700,000,000.00 | | 减：手续费 | 1,357.14 | | 加：收到银行利息(含理财收益) | 894,953,210.33 | | 募集资金专户余额 | 2,787,040,938.77 | 二、募集资金存放和管理情况 中国铁路通信信号股份有限公司 2024年上半年度募集资金存放与实际使用情况 的专项报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容 ...