时代电气：2025年中期报告

104.4020256301,357,948,412597,497,301.28202535.75%20256272024 ✔ ✔ ✔ 4 6 11 62 68 110 121 122 1.2.3. Zhuzhou CRRC Times Electric Co., Ltd.Times Electric412001www.tec.crrczic.ccir@csrzic.com 0731-284980280731-28493447ir@csrzic.com 0731-284980280731-28493447ir@csrzic.com www.sse.com.cn ✔ ✔ ✓ 37.04% 188.52% 40.24% 202412100% ✓ ✓ 11 ✓ ✓ ✓ EBITDA ✓ EBITDA282,894229,50723.26% ++ ✔ 2025 5.5%CR45013FAO8 320256IGBTSiCSiC2023 20 PCS EROV ✔ ✔ ✔ 1. 2025201220247450 202513.6%NE15GW 2. CMMIIPDTSN20 6713,6542,4735119849392024 3. ISO9001EN15085 CL1ISO22163IATF16949CRCC20132016 20042024 4. ++ 5. 4,06640.8% 40200520112019502020112017313450 ✔ 1. 20256303,654 DC/DC 2. 202520%35%FXD1BA5000t140660CR450450km/h1068CR450PDSWTBFAO8FAOLKJDWL-32 FRDPt50%SiC400kW+SVG10000rpm20000rpm2000V/400kW+SiC2.5MWPCS2GW14kgCLTC0.5%30%4.X MW0.5-5MW16002250ROV11173 202516573,65460%11 3. ✔ ✔ 4. ✔ 5. 6.✔ ✔ 122.1417.95%16.7212.93%1.2115.24%4.14%0.29 1. 2. ✔ ✔ 1. (1)(2)(3)(4)(5)(6)(7)(8)(9) 2. ✔ (1)1,868,111,2622.70% (2)✔ 3. ✔ 22 4.✔ 47,000,000 831,318,001839,267,9400.95%564,494,481572,444,4201.39%12 (1)✔(2)✔(3)✔ ✔✔ (4)✔(5)✔ ✔10%✔ ✔✔ ✔ ✔ ✔ 202533 2025328(i)(ii) 2025429(i)(ii) 2025627 ✔ 10–104.4010– 104.4020256301,357,948,412597,497,301.28202535.75%20256272024 ✔ ✔✔✔✔ 2024 C1 F.1.32025627 2025630XVXV78352C3 202562720256306 H144,371,600H1,369,771,356.02 202522620241217202522037,313,100H2025619202543020256511,391,300H 2025630 H2024627AHH 20256306 ✔ ✔ 2.(1)AA(2)AA20AA1 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 1.✓ 2.✓ 3.✓ 2024823220,000122025630715,000,000 4. ✓ ✓✓ ✓ ✓ 2. ✔ 20241217202522037,313,100H2025226202543020256511,391,300H2025619202563048,704,400H1,357,948,412868,907,512A489,040,900H 3. ✔ 4.✔ ✔ : 21,803 A20,777H1,026 ✔ ✔ 5%✔ ✔ ✔ 5% ✔ ✔ ✔ ✔ ✔ 2025630XV23336 1.100%65,460,000H 2.51.45% 2025630XV23336 ✔✔ 1.✔ 2.✔ 3.✔ ✔ ✔✔✔✔ ✔ ✔ ✓ 2025630 2025630 20251-6 00 20251-6 20251-6 20251-6 20251-6 20241-6 20251-6 20241-6 1. ✔ 2005926 200612414,644,000H1H5.32,197,613,0002,209,968,000H20061220131091,221,0001H252,280,525,0001,803,872,470H20131020219240,760,2751A31.387,555,057,430A20219A1,416,236,912 20242025H2024123113,916,900HH9,584,1002025630644,371,600HH48,704,400 1. 152014 2. ✔ 202563012 ✔ 1120 2328 1. 20256302025630 2. 111231 3. ✔ 12 4. 5. ✔ 6. ✔ (1) 6. (2) 7. ✔ 7. 8. ✔ 19. 9. 10. ✔ (1) (I)(II) 10. (2) 11. ✔ 14 11. (1) 11. (1) ••• • • 11. (1) (a) •• (b) (c) 11. (2) 12 12 (a) 11. (2) (a) ••••••••••• 11. (2) (b) ••••• (c) 11. (2) (c) ••••• 11. (2)(c)(I) 11. (2)(c)(II) (d) (3) (I)(II)(III) • • 11. (3) (4) (a) 11. (4) (a)(I) ••• (II) 11. (4) (b) (c) 11. (5) (6) 12. ✔ 13. ✔ 14.✔ 15.✔ 16. ✔ (1)✔ (a) (b) (c) (d) (2) ✔ 16. (3)✔ (4)✔ 17. ✔ 18. ✔ ✔ (1)(2) 18. ✔ 19. ✔ (1) (2) 22 19. (3) (a) (b) 19. (3) (b) (c) (d)24 20. (1) ✔ 21 20. (2) ✔ (3) 24 21. ✔ 24 141 22. ✔ 3 23. (1) ✔ 24 23. (2) ✔ ••••• 141 24. ✔ (I)(II) 25. ✔ 26. (1) ✔ (2) ✔ 26. (3) ✔ (4) ✔ 27. ✔ (i)(ii)(iii) 28. (1) ✔(I)(II)(III) 28. (1) 11(2) (2) ✔ (a) (b) EPC (3)✔ 29. ✔ (I)(II)(III) (I)(II) 30. ✔ 30. 31. ✔ (1) (2) 31. (3) 32. ✔ ✔ 12 32. ✔ (1) (2) • • • • 4 24 32. (3) ••••• •• 32. (4) •• ✔ 32. (1) 28 (2) (3) (4) (5) 33. ✔ (1) (2) (3) 34. 202311192412 (a)28 36. (1)✔(2)✔ (3) 2025✔ 37.✔ 1. ✔ ✔ 25%2(2) (%)Specialist Machine Developments LimitedSMD25.00Dynex Power Inc.Dynex26.50 2. ✔ (1) [2011]1003% 2. (1) 202343SMD202311202712315%2023172023112027123115% (2) 15%SMD202220242024202515% [2011]58[2020]232024202515% 2. (2) [2021]756[2020]813020192022202312.5%202310202415% [2015]11920237202228202344SMD20242025100%20242025200%20231120271231120%220% 3. ✔ 1. ✔ 1. 13 2. ✔ ✔ 20256301.75-2.35%202412311.17%-3.37% 3. (1) ✔ (2)✔(3)✔ 3. (4) ✔ 2025630 ✔ 3. (4) 3. ✔ (5) ✔ 3. ✔✔✔✔2025630 4. (1) ✔ 4. (2) ✔ 4. (2) ✔ 4. (2) 2025630 4. (2) 2025630 4. (2)2025630 4. (2)2025630 4. (2)✔ ✔ (3) ✔ 4. ✔ 5. (1) ✔ 5. ✔ (3) ✔ 5. (4) ✔ ✔ 20256306 (5) ✔✔✔✔ 6. (1) ✔ (3)✔ 6. (4)✔ (5) ✔✔✔✔✔✔ 6. (6) ✔✔ (7) ✔✔✔ (8)✔ (9)✔ 20256306 7. (1)✔ 1 7. (2) ✔ 8. ✔ 20256306 8. ✔ 8. (5)✔✔✔✔ (1)✔(2)1✔ 8. (3)✔✔✔✔✔(4)✔✔ 8. (5)✔✔✔✔ 8. 8. (3)✔ 8. (3)2025630✔✔(4)✔ 8. (5)✔✔✔(6)✔ 8. (7)✔✔ 9.(1)✔ 9. (3) ✔ ✔✔✔(4)✔(5)✔✔ 10. 11. ✔ 12. (1) ✔ 12. 13. 13. (2)✔✔ 14.✔ 14. (1)✔ 14. (1) 14. (3)✔ 15. ✔ 15. (2)✔ (3)✔(4)✔✔✔ 16. (1) ✓ 16. (2)✓63 17. ✓ 17. (1) 202563032.84%2024123133.84% (2) ✓ (3)✓ (4)✓ ✓ 202563040-50 18. 18. (3) ✓ 1DynexSMD ✓ (4)✓✓ 18. (4)✓✓ (5) 19. 20. (1)✓ 20. (2) ✓ ✓ 20. (4) ✓ 21. ✓ 20256306 22. ✓ 23. (1) ✓ 24. ✓ 20256306 25. ✓ 25. 26. (1) ✓ 20256306 (2)1 ✓