Beijing Jiaoda Signal Technology

Jiaoda Signal disclosed its semi-annual report on August 26. In the first half of 2026, it achieved operating revenue of 151 million yuan, up 17.68% year on year. Net profit attributable to shareholders of the listed company was 18.7476 million yuan, up 53.83% year on year. Basic earnings per share were 0.2157 yuan. During the reporting period, sales revenue from the company's balise system products was 67.5059 million yuan, up 24.96% year on year. Sales revenue from onboard equipment for conventional-speed train control was 53.7794 million yuan, up 46.47% year on year, mainly due to stable product delivery and customer acceptance. Sales revenue from track circuit reader products was 25.2904 million yuan, down 20.41% year on year, mainly due to fluctuations in customer end demand.

Jiaoda Signal announced that the company plans to jointly establish an Autonomous Intelligent Unmanned Systems Innovation Research Institute with Beijing Jiaotong University for a cooperation period of five years. The company commits to providing no less than 10 million yuan in funding support, of which 2.6 million yuan will be used for talent development and 7.4 million yuan for research activities. This transaction constitutes a related-party transaction and has been approved by the board of directors, with no need for submission to the shareholders' meeting for approval.

Jiaoda Signal disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 14.79 million yuan and 19.79 million yuan, a year-on-year increase of 21.36% to 62.39%. Deducted non-recurring net profit is expected to be between 12.73 million yuan and 17.73 million yuan, a year-on-year increase of 28.27% to 78.65%. The company stated that the earnings growth is mainly due to the accumulation of prior business and the advancement of delivery and acceptance during the period, with revenue from completed projects growing steadily. At the same time, strengthened control over accounts receivable and the recovery of some previously provisioned bad debts reversed credit impairment losses, making a positive contribution to profit.