格隆汇2月2日丨鼎汉技术(300011.SZ)在投资者互动平台表示，公司聚焦轨道交通行业，依托近二十年 在轨道交通领域的不断创新与实践，已在多个细分领域占据技术领先地位。其中，公司信号电源系统、 中/高频车载辅助电源系统、车辆特种电缆等产品都已应用于高铁相关项目之中。未来，公司会积极跟 踪关注相关行业发展及业务机会，努力提升市场空间以及增长动能。 ...

格隆汇2月2日丨鼎汉技术(300011.SZ)在投资者互动平台表示，鼎汉技术与中国科学院深圳先进技术研 究院共建"鼎汉-先进院创新联合体"，拟聚焦人工智能、具身智能、企业云脑三大前沿方向，构建从智 能感知、实体行动到顶层决策的完整技术链，创新联合体将重点攻克AI算法在能源管控、设备运维、 具身智能机器人研发中的适配难题，加速技术成果工程化转化。目前，"鼎汉-先进院创新联合体"尚处 于筹备初期，相关工作正在起步阶段。 ...

Core Viewpoint - The railway transportation equipment sector experienced a decline of 2.13% on February 2, with significant losses from companies like Jiuzhou Yituo, which fell by 11.89% [1][2]. Market Performance - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1]. - The railway equipment sector's individual stock performance showed mixed results, with notable declines in several key companies [1]. Stock Performance Summary - Jiuzhou Yituo (688485) closed at 24.23, down 11.89% with a trading volume of 90,800 shares and a transaction value of 230 million [2]. - Other significant declines included Gongda Gaoke (688367) down 11.19% and Shenzhou Gaotie (000008) down 6.13% [2]. - In contrast, companies like Keanda (002972) and Changqing Technology (001324) saw slight increases of 1.47% and 1.27%, respectively [1]. Capital Flow Analysis - The railway equipment sector saw a net outflow of 209 million yuan from institutional investors, while retail investors contributed a net inflow of approximately 74 million yuan [2][3]. - Notable net inflows from retail investors were observed in stocks like 时代电气 (Times Electric) and 朗进科技 (Langjin Technology) [3]. Individual Stock Capital Flow - Times Electric (688187) had a net inflow of 39.35 million yuan from institutional investors, while experiencing a net outflow from retail investors of 38.50 million yuan [3]. - Other stocks like 朗进科技 (300594) and 工大高科 (688367) also showed varying degrees of net inflows and outflows among different investor categories [3].

Core Viewpoint - Dinghan Technology (300011) focuses on the rail transit industry, leveraging nearly two decades of innovation and practice to achieve a leading technological position in multiple sub-sectors [1] Group 1: Company Positioning - The company has established a leading position in technology within the rail transit sector, particularly in signal power systems, medium/high frequency vehicle auxiliary power systems, and special cables for vehicles [1] - These products have been applied in high-speed rail projects, demonstrating the company's capability and relevance in the industry [1] Group 2: Future Outlook - The company plans to actively track and pay attention to industry developments and business opportunities to enhance market space and growth momentum [1]

Group 1 - The company, Dinghan Technology, announced an expected net profit attributable to shareholders for the year 2025 to be between -15 million and -8 million, compared to a profit of 111.63 million in the same period last year [2] - The company anticipates steady growth in operating revenue [2]

Core Viewpoint - Dinghan Technology (300011.SZ) expects a net profit attributable to shareholders of the listed company to be between -15 million to -8 million yuan for 2025, with a net profit excluding non-recurring gains and losses projected to be between -26.0074 million to -19.0074 million yuan [1] Group 1: Financial Performance - The company anticipates a decline in sales gross margin due to a complex macroeconomic environment, intensified industry competition, and rising prices of raw materials such as copper and aluminum [1] - Strategic pricing policies for new products aimed at capturing market opportunities have also contributed to the decrease in sales gross margin [1] Group 2: Investment and Development - To enhance core competitiveness and foster new growth drivers, the company is increasing investments in core technology iteration and new product research and development, leading to a rise in R&D expenses compared to the previous year [1] - The company is implementing internal reforms and optimizing organizational structure, which incurs costs that negatively impact current profit realization [1] Group 3: Future Outlook - In 2026, the company plans to deepen internal management improvements, strengthen the foundation for profitability, expand new product business, and enhance risk and asset management to improve asset operation efficiency [1] - The company aims to achieve steady recovery in operating performance and sustainable growth through multiple initiatives [1] - The impact of non-recurring gains and losses on the current net profit is estimated to be approximately 11.0074 million yuan [1]

Core Viewpoint - Dinghan Technology (300011.SZ) expects a net profit attributable to shareholders of the listed company to be between -15 million to -8 million yuan for 2025, with a net profit excluding non-recurring gains and losses estimated at -26.0074 million to -19.0074 million yuan [1] Group 1: Financial Performance - The company anticipates a decline in sales gross margin due to a complex macroeconomic environment, intensified industry competition, and rising prices of raw materials such as copper and aluminum [1] - Strategic pricing policies for new products aimed at capturing market opportunities have also contributed to the decrease in sales gross margin [1] Group 2: Investment and Development - To enhance core competitiveness and foster new growth drivers, the company is increasing investments in core technology iteration and new product research and development, leading to a rise in R&D expenses compared to the previous year [1] - The company is implementing internal reforms and optimizing organizational structure, which incurs costs that negatively impact current profit realization [1] Group 3: Future Outlook - In 2026, the company plans to deepen internal management improvements, strengthen the foundation for profitability, expand new product business, and enhance risk and asset management to improve asset operation efficiency [1] - The company aims to achieve steady recovery in operating performance and sustainable growth through multiple initiatives [1] - The impact of non-recurring gains and losses on the current net profit is estimated to be approximately 11.0074 million yuan [1]

Core Viewpoint - The company, Dinghan Technology, anticipates a net loss of 8 million to 15 million yuan in 2025 due to a complex macroeconomic environment and intensified industry competition [1] Group 1: Financial Outlook - The expected net loss for 2025 is projected to be between 8 million and 15 million yuan [1] - The company is facing pressure on sales gross margin due to rising prices of raw materials such as copper and aluminum [1] Group 2: Market Conditions - The macroeconomic environment is described as complex and variable, contributing to the company's financial challenges [1] - The competitive landscape within the industry is intensifying, further impacting market sales prices [1] Group 3: Strategic Decisions - The company is implementing strategic price discounts on certain new products to capture market opportunities and foster new growth points [1] - These strategic pricing policies are contributing to the decline in sales gross margin [1]

Core Viewpoint - The company, Dinghan Technology, anticipates a significant net loss for the year 2025, with projected losses ranging from 15 million to 8 million yuan, primarily due to a challenging macroeconomic environment and increased competition in the industry [1] Financial Performance - The company expects a steady growth in operating revenue for the reporting period, despite the anticipated net loss [1] - The projected net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be between -26.0074 million and -19.0074 million yuan [1] Reasons for Loss - The anticipated losses are attributed to several factors: 1. A complex and volatile macroeconomic environment, leading to increased competition and pressure on market sales prices [1] 2. Rising prices of raw materials such as copper and aluminum, coupled with strategic price discounts on new products to capture market opportunities, resulting in a decline in sales gross margin [1] 3. Increased investment in core technology iteration and new product research and development, leading to higher R&D expenses compared to the previous year [1] 4. Ongoing internal reforms and organizational optimization efforts, including personnel adjustments, which have incurred additional costs affecting current profits [1] Non-recurring Gains and Losses - The impact of non-recurring gains and losses on the current net profit is estimated to be approximately 11.0074 million yuan [1]

Core Viewpoint - The company expects steady revenue growth for the fiscal year 2025, but anticipates a net loss attributable to shareholders of 15 million to 8 million yuan, compared to a profit of 11.1163 million yuan in the same period last year [1] Financial Performance - The net profit after deducting non-recurring gains and losses is projected to be a loss of 26.0074 million to 19.0074 million yuan, compared to a loss of 2.7653 million yuan in the same period last year [1] - The main reasons for the performance change include a decline in sales gross margin due to macroeconomic conditions and industry competition, as well as increased expenses related to R&D and personnel optimization [1] Non-recurring Gains and Losses - The impact of non-recurring gains and losses on the current net profit is estimated to be approximately 11.0074 million yuan [1] Audit Status - The performance forecast is unaudited, and specific data will be disclosed in the annual report [1]