Financial Performance - The company reported a basic earnings per share of 0.1400 yuan for Q1 2025, a significant increase of 450% compared to a loss of 0.0400 yuan in Q1 2024 [1] - Net profit for Q1 2025 reached 2.21 billion yuan, a remarkable increase of 481.03% from a net loss of 0.58 billion yuan in Q1 2024 [1] - Operating revenue for Q1 2025 was 16.09 billion yuan, showing a slight increase of 1.84% from 15.8 billion yuan in Q1 2024 [1] - The return on equity (ROE) improved to 1.95% in Q1 2025, compared to a negative 0.46% in Q1 2024, marking a 523.91% change [1] Shareholder Information - The top ten unrestricted shareholders collectively hold 53,220.65 million shares, accounting for 38.63% of the circulating shares, with an increase of 481.19 million shares from the previous period [1] - The largest shareholder, Hangzhou Haoyue Enterprise Management Co., Ltd., holds 22,299.39 million shares, representing 16.19% of the total share capital, with no change [2] - Beijing Qianfang Group Co., Ltd. and Xia Shudong also maintained their holdings at 8,927.56 million shares (6.48%) and 5,992.32 million shares (4.35%) respectively [2] Dividend Policy - The company has decided not to distribute dividends or transfer shares in the current period [3]

Investment Rating - The investment rating for China TransInfo Technology is "Sell" with a target price of Rmb5.1, indicating an expected share price return of -38.0% and a total expected return of -37.6% [4][8]. Core Insights - In 4Q24, revenue decreased by 28% year-over-year to Rmb1.8 billion, which was 40% and 25% below CitiE and BBGe estimates respectively [2][6]. - The gross margin for 4Q24 fell by 5.4 percentage points year-over-year to 32.1%, which was 6.1 percentage points below CitiE but 4.5 percentage points above BBGe [2][6]. - Operating expenses increased by 3% year-over-year to Rmb796 million, leading to an operating loss of Rmb206 million compared to an operating profit of Rmb179 million in 4Q23 [2][6]. - The overall net loss for 4Q24 was Rmb1.2 billion, aligning with previous guidance [2][6]. - For FY24, revenue declined by 7% year-over-year, with net losses also at Rmb1.2 billion compared to a net profit of Rmb542 million in FY23 [2][6]. Segment Breakdown - In the second half of 2024, revenue from intelligent transportation fell by 54% year-over-year to Rmb798 million, while the overall FY24 revenue for this segment decreased by 26% year-over-year to Rmb2.2 billion [3]. - The gross margin for the intelligent transportation segment narrowed by 12 percentage points year-over-year to 19.5% in 2H24, and the FY24 gross margin decreased by 7.3 percentage points to 21.1% [3]. - Conversely, revenue from intelligent IoT increased by 7% year-over-year to Rmb2.9 billion in 2H24, with an overall FY24 revenue growth of 5% year-over-year to Rmb5.1 billion [3].

Summary of Q1 2025 Conference Call for Qianfang Technology Company Overview - **Company**: Qianfang Technology - **Industry**: Intelligent Transportation and Data Solutions Key Points and Arguments - **2024 Performance and Strategy**: Qianfang Technology reported a decline in overall performance for 2024, influenced by industry conditions and strategic adjustments. However, the company maintained positive operating cash flow exceeding 100 million [3][5][21] - **Focus on Core Competencies**: The company has chosen to abandon low-quality integration projects to mitigate accounts receivable risks and concentrate resources on core capabilities, particularly the integration of data and artificial intelligence [3][5] - **Digital and Intelligent Development**: Future strategies include enhancing digitalization, connectivity, intelligence, and new energy initiatives, leveraging big data and AI to improve transportation services and operational efficiency [3][5] - **International Market Expansion**: Qianfang Technology is actively expanding into international markets, establishing a joint venture with Xiong'an Group for vehicle networking and collaborating with Shandong Electric Power Construction to advance optoelectronic integration [3][5] - **Significant Progress in Intelligent Transportation**: The company has made notable advancements in intelligent transportation, including the establishment of the Xiong'an Qianfang Vehicle Networking Company and collaboration with Shandong Electric Power Construction on optoelectronic solutions [6][10] - **Video Data Processing Innovations**: Qianfang Technology has upgraded its video industry models, launching streaming and DDC integrated machines, and has over 1,000 partnerships with large models to enhance efficiency and service channels [7][10] - **Overseas Business Growth**: The company reported approximately 10% growth in overseas business last year, with plans to intensify international market efforts in 2025 [8][11] - **Traffic Big Data Applications**: The company is leveraging traffic big data to empower the digital transformation of road networks, collaborating with DeepSeek and Tongyi Qianwen for traffic flow analysis applications [9][10] - **Investment in Smart Transportation R&D**: Qianfang Technology is focusing on product development, particularly integrating large model technology, and has released a DC integrated machine for traffic command centers [10][15] - **Challenges in Car-Road Cloud Projects**: The initial 20 pilot cities for car-road cloud projects have faced delays due to funding issues, but progress continues with ongoing collaborations and project developments [12][13] - **Future Investment Plans**: The company is poised to invest in digital transformation projects, with significant funding allocated by the government for road network upgrades over the next three years [14][15] - **Cooperation with China Communications Construction Company**: The partnership focuses on big data applications, integrating truck and road network data to enhance user services [18] - **Joint Venture with Xiong'an New Area**: The joint venture is progressing well, with plans to expand beyond the Xiong'an region and engage in strategic collaborations in the Beijing vehicle-road integration market [19] - **Order Situation and Outlook**: The current order situation is stable, with expectations for improvement as new projects, including the Xiong'an smart networking project, are tendered [20] Additional Important Insights - **Emphasis on Product Capability**: The company aims to enhance product capabilities and explore new directions, particularly in overseas markets, to improve profitability [21] - **Market Dynamics**: The competitive landscape in overseas markets is intense, but the potential for higher returns is acknowledged [17][16] This summary encapsulates the key insights and developments discussed during the conference call, highlighting Qianfang Technology's strategic focus and market positioning in the intelligent transportation sector.

Core Insights - The company reported a revenue of 7,249,136,140.37 CNY for the fiscal year 2024, representing a decrease of 6.99% compared to 2023. The net profit attributable to shareholders turned negative at -1,192,543,351.64 CNY, indicating a significant loss compared to the previous year [2] - The adjusted net profit, excluding non-recurring gains and losses, was -1,095,896,965.29 CNY, reflecting a 495.75% decrease from the previous year's adjusted net profit [2] Business Segment Performance - The security subsidiary, Yushi Technology, achieved a revenue of 5,481,908,199.84 CNY, with an operating profit of 318,791,540.36 CNY and a net profit of 314,609,570.73 CNY for 2024 [3] Product and Technology Highlights - The company has developed a comprehensive product matrix, offering a full range of inverter and energy storage battery products for households and small to medium-sized businesses. Key products include single-phase hybrid inverters (3-12KW) and three-phase hybrid inverters (5-50KW), which support various system integrations [3] - The energy storage systems have capacities ranging from 5KWh to 240KWh, with high-end stacked batteries featuring a 40% improvement in space utilization due to a slim design [3] - The company achieved significant technical performance breakthroughs, with PV conversion efficiency and system efficiency both at 98%, surpassing industry averages. The system features seamless switching and a 4ms off-grid switching speed to ensure continuous power supply [4] - An intelligent cloud platform and mobile app allow users to monitor and manage their energy storage systems, optimizing charging and discharging strategies based on dynamic electricity pricing, potentially saving 15%-30% on electricity costs [4] - The energy storage systems incorporate advanced safety features, including aerosol protection and multiple software safeguards, ensuring system safety. The all-in-one and modular stacking technology facilitates easy installation and supports remote upgrades and maintenance [4]

公募基金方面本期较上一季度持股减少的公募基金共计2个，包括南方中证500ETF、嘉实中证软件服务 ETF联接A，持股减少占比小幅下跌。本期较上一季度新披露的公募基金共计208个，主要包括易方达中 证人工智能主题ETF、华夏中证500指数增强A、诺安创新驱动混合A、嘉实中证软件服务ETF、华夏中 证500ETF等。 外资态度来看，本期较上一期持股增加的外资基金共计1个，即香港中央结算有限公司，持股增加占比 达0.20%。 2025年4月19日，千方科技(002373.SZ)发布2024年年度报告。截至2025年4月18日，共有218个机构投资 者披露持有千方科技A股股份，合计持股量达5.18亿股，占千方科技总股本的32.76%。其中，前十大机 构投资者包括杭州灏月企业管理有限公司、北京千方集团有限公司、建信(北京)投资基金管理有限责任 公司-芜湖建信鼎信投资管理中心(有限合伙)、北京电信投资有限公司、香港中央结算有限公司、衢州久 虎投资合伙企业(有限合伙)、建信信托有限责任公司-建信信托-智能物流6号集合资金信托计划、中国农 业银行股份有限公司-中证500交易型开放式指数证券投资基金、北京千方科技股份有限公司- ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002373 证券简称：千方科技 公告编号：2025-005 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 是否以公积金转增股本 □是 √否 公司经本次董事会审议通过的利润分配预案为：以1,576,713,160为基数，向全体股东每10股派发现金红 利0元（含税），送红股0股（含税），不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 □不适用 二、公司基本情况 1、公司简介 公司智慧交通业务主要包括智慧公路、智慧交管、智慧运输、智能网联、智慧轨交、智慧民航等领域， 覆盖了大交通行业的主要方面，在数据应用、算法和硬件产品等方面具备综合领先优势，并籍此构建了 一个多要素互相强化的一站式技术服务体系，为客户提供从产品到解决方案、从硬件基础设施到软件智 慧中枢、从云端数据到出行生态的 ...

营收净利双降，经营现危机信号 2025年4月，千方科技披露2024年年报，多项关键财务指标出现大幅变动，引发市场关注。报告期内， 公司营业收入为7,249,136,140.37元，较上年减少6.99%；归属于上市公司股东的净利润 为-1,192,543,351.64元，同比下降319.86%，由盈转亏。 营收下滑，业务结构有调整 千方科技营业收入从2023年的7,793,720,542.19元降至2024年的7,249,136,140.37元，降幅为6.99%。从业 务板块来看，智慧交通业务收入2,181,741,577.01元，同比减少26.35%，主要因市场竞争加剧，部分项 目推进延迟或流失；智能物联业务收入5,058,983,495.85元，增长4.95%，成为营收的重要支撑，主要得 益于产品创新和市场拓展，特别是海外市场的增长。 净利润暴跌，多种因素致亏损 归属于上市公司股东的净利润由2023年的542,401,012.75元转为2024年的-1,192,543,351.64元，降幅达 319.86%。这主要源于智慧交通业务毛利下降，市场竞争致项目毛利率降低；资产减值损失增加，对商 誉、长期股权投资等 ...

"AI+交通"：强化产品技术与生态联动，推进场景落地 2024年，千方科技在"AI+交通"赛道构建分阶段协同发展路径：短期聚焦城市交通治理场景验证技术价 值，长期锚定车路云一体化构建产业生态，通过"产品技术+生态联动"全面拓展和深化人工智能场景应 用。聚焦城市交通治理方面，公司联合阿里、智谱AI等打造国产大模型驱动的交通优化平台，并与北 京通用人工智能研究院合作开发多模态交通智能体，目前已打造停充智能体、城市交通智能体等产品应 用与运营服务能力。重点布局车路云一体化方面，旗下产品公司雄千数联依托区位优势深度参与城市车 路云一体化建设。近期，雄千数联与北京车网科技、雄安集团数字城市科技达成合作，共同打造智能网 联汽车开发和应用基地，推动车路云一体化"中国方案"落地。 4月18日晚间，千方科技（002373）(002373.SZ)发布2024年度财报。受国内部分客户需求下降、行业回 款放缓及海外环境不确定性影响，公司全年营收72.49亿元，同比有所下滑；因行业毛利率下行及资产 减值计提，扣非净利润亏损11.02亿元。本报告期内，智慧交通市场仍处调整期，尽管政策大力支持公 路数字化、交通能源融合及车路云一体化发展， ...

一、独立董事的基本情况 (一) 独立董事工作履历、专业背景及兼职情况 本人史薇，女，1955 年 6 月生，研究生学历，经济学教授，博士生导师， 享受国务院政府特殊津贴专家。1982 年起分别任教于上海财经大学、对外经济 贸易大学。历任教务处长、人事处长、教育与开放经济研究院院长，并兼任中国 金融人才专业委员会常务理事、北京市女教授协会副会长、中国职业技术教育学 会常务副会长等社会职务。自 2023 年 11 月起至今担任本公司独立董事。史薇女 士是首批北京市高等学校优秀学科带头人，并获北京三八红旗手、中国人民银行 系统先进工作者、全国优秀教学成果奖等部级或以上奖项。主要研究领域为商业 银行经营与管理、国外货币金融学说、教育与经济关系等；主要专著和专业论文 包括《西方货币理论中传导机制研究》、《我国经济周期波动中的政策因素与货币 因素》等重要论文，起草了"九五"期间国家社会科学基金重点研究项目《我国 金融机制转换研究》主报告，主持了包括国家社科基金重大项目等若干省部级及 以上科研课题。同时为国家发改委、教育部等部委特聘专家。自 2023 年 11 月 10 日起担任本公司独立董事。 (二) 独立性说明 在担任 ...

2024 年度独立董事述职报告 各位股东、股东代表： 本人作为北京千方科技股份有限公司（以下简称"公司"或"千方科技"） 的独立董事，严格按照《公司法》、《证券法》、《上市公司独立董事管理办法》等 有关法律、法规、规范性文件及《公司章程》、《独立董事工作制度》的规定和要 求，独立公正、忠实勤勉履行独立董事职责，积极出席公司相关会议，仔细审议 名项议案，对公司经营发展提供专业、客观的意见及建议，充分发挥独立董事的 独立作用，保护投资者合法权益。现将本人 2024 年度履行独立董事职责情况作 汇报如下： 一、独立董事的基本情况 (一) 独立董事工作履历、专业背景及兼职情况 本人慕丽娜，女，1978 年 12 月生，本科学历。拥有多年投资银行和经纪业 务管理工作经验。曾任北京证券有限责任公司项目经理、高级经理；瑞银集团财 富管理投资产品经理、基金运营主管；天弘基金管理有限公司金融机构业务总监； 现任招商证券资产管理公司华北区域总监。2014 年 7 月至 2020 年 9 月曾任本公 司独立董事。自 2023 年 11 月 10 日起担任本公司独立董事。 (二) 独立性说明 北京千方科技股份有限公司 在担任公司独立 ...