INDUSTRIAL DEVELOPMENT 统筹开展广州及全国城市 产业发展 的地铁设计工作 Comprehensively Carry out The Design of Projects in and Other Cities in

重视科研推动创新 个 Projects 34 年内荣获各种设计类奖项达 Pay Attention to Scientific Research and Promote Innovation; Won Various Design Awards during The Year

150Awards 个

幸福，就是地铁 + 演绎的美好生活“大剧院” Happiness is a "grand theater" showing the beautiful life created by "Metro +"

2018 年开始，广州地铁将从轨道交通运输的供应商向着生活平台服务商的转变，融入“互联网+” 生态圈模式，在这一“大剧院”上以资本为纽带、以产业创新为依托，整合市场、产品、合作 伙伴等资源，共同打造领先的智慧地铁城际生活空间，演绎“地铁 +”联结在一起的美好生活。

From the beginning of 2018, will transform from a rail transit provider to a life service platform provider, and integrate the "Internet +" ecosystem model. In this "grand theater" , linked by capital and supported by industrial innovation, Guangzhou Metro will integrate market, products, partners and other resources, build a leading intercity living space of Smart Metro, and create a beautiful life linked by "Metro +". 69 产业发展 产业发展 70 INDUSTRIAL DEVELOPMENT INDUSTRIAL DEVELOPMENT

产业协同 融合外拓 地铁设计 INDUSTRIAL COLLABORATION INTEGRATION 检测认证 METRO DESIGN Testing and AND EXPANSION Certification

2018 年经营收入 Operating Revenue in 2018 创新成果 智慧服务 Innovation Achievement Intelligent Service

创新孵化 亿元 广州地铁设计研究院股份有限公司创立大会暨第一次股东大会 平台 RMB Hundred Million Innovation Incubation 14.78 Platform Founding Meeting (First General Meeting of Shareholders) of Guangzhou Metro Design and Research Institute Corp., Ltd.

智慧运维 Intelligent Operation and Maintenance 轨交综合 开发 Comprehensive Development of Rail Transit 智慧建造 Intelligent 轨交产业 Construction 投资 2018 年，广州地铁设计研究院股份有限公司深入贯彻 In 2018, Guangzhou Metro Design and Research Institute Co., Ltd. Comprehensive comprehensively implemented the spirit of the 19th National Congress, Development of Rail Transit 十九大精神，认真落实集团公司“攻城拔寨”工作要求，全 earnestly fulfilled the Group's construction and development requirements, spared no effort to ensure the key task of opening four lines and starting the 力确保广州 " 四线开通、六线开工 " 中心任务，统筹开展广 construction of six lines, and carried out design work in Guangzhou and 34 州及全国 34 个城市的设计工作。在确保广州中心任务的同 other cities in China, with comprehensive arrangements. While ensuring the key task of Guangzhou, the Institute implemented the general design contract As a regional leader and application scenario provider, and relying on 作为区域龙头与应用场景提供者，广州地铁依托运营线 时，有序推进外地 25 条设计总体总包和设计总承包线路， of Guangzhou Metro, the general design contract of 25 lines in other cities, the operation of the Metro network, tens of millions of passengers, and the 网、千万客流、线上线下粘合的生态圈，于 2017 年 10 月 以及多个工点的设计任务。2018 年，广州地铁设计研究院 as well as the design tasks of many workstations. In 2018, Guangzhou Metro online and offline integration ecosystem, Guangzhou Metro initiated and Design and Research Institute Co., Ltd. reformed its shareholding system, 26 日联合本地轨道交通骨干企业发起成立广州轨道交通产 established the Guangzhou Rail Transit Industry Alliance on October 26th, 股份有限公司完成股份制改造，完善公司治理，稳步拓展市 improved corporate governance, steadily expanded the market and realized 2017 in conjunction with backbone enterprises of the local rail transit industry. 场，全年实现经营收入 14.78 亿元，税前利润约 2.15 亿元， operating revenue of RMB 1.478 billion, with a pre-tax profit of RMB 215 业联盟，系由粤港澳大湾区与轨道交通相关的发展规划、咨 The Alliance is a professional, mutually supportive and non-profit social million, an increase of 17.97% and 14.71%, respectively, compared to 2017. 询设计、工程建设、运营维护、装备制造、科研院所、教育 organization formed voluntarily by enterprises and individuals in the entire 较 2017 年分别增长 17.97% 和 14.71%。 In 2018, the rail transit design industry of China entered a period of rail transit industrial chain, and include development planning, consulting and adjustment. Approvals for Metro network construction planning were 2018 年，我国轨道交通设计行业进入调整期，线网建 培训、金融服务及相关增值服务等轨道交通全产业链的单位 design, engineering construction, operation and maintenance, equipment slowed down, and the number of biddable lines was limited. Therefore, 及个人自愿结成的行业性、互助性、非营利性的社会团体， manufacture, scientific research institutes, education and training, financial 设规划批复放缓，各地可招标线路极其有限，市场竞争愈发 market competition has become increasingly fierce. Faced with the severe services and relevant value-added services related to Guangzhou-Hong market conditions, the Design Institute adopted various measures to 激烈。面对严峻的市场环境，设计院采取多种措施拓展业务， 接受广州市发展和改革委员会的业务指导以及广州市民政局 Kong-Macao Greater Bay Area and rail transit. The Alliance follows the expand its business, and successfully obtained the Metro Network Planning project (2018-2035), the Zengcheng Tramway project (rubber- 的监督管理，现有成员单位 47 家。 business guidance of Guangzhou Development and Reform Commission and 先后获得南宁线网规划（2018-2035）、增城有轨电车（胶 wheeled tramcar) and other early-stage projects, and is also involved in the the supervision and management of Guangzhou Civil Affairs Bureau. So far, 轮有轨电车）等前期类项目，以及深圳、无锡等地多个场段 development of several Metro depots and sections and station TOD projects 广州轨道交通产业联盟以“政府引导、市场主导、政产 47 enterprises have become the member of the Alliance. in Shenzhen, Wuxi and other cities. At the same time, the Design Institute Based on "government guidance, market leadership, and integration of 开发及车站 TOD 项目。同时强化外部合作，与北方国际签 学研相融合”为基础，以“合作、共赢、创新、发展”为原 strengthened external cooperation and signed an agreement with NORINCO policy, industry, education and research", with the principle of "cooperation, 订了赞比亚轻轨的设计任务协议，合同额超过 2.3 亿元。 International with respect to the design of light railway in Zambia, with a 则，以“促进科技研发、推进产业升级”为依托，联合和动 win-win, innovation and development", and supported by the concept of contract price of over RMB 230 million. "promoting scientific and technological research and development, and 员一切有志于投身轨道交通产业建设和发展的各方力量，在 2018 年，在市国资委和集团公司统一领导部署下，设 In 2018, under the unified leadership and deployment of Municipal facilitating industrial upgrade", Guangzhou Rail Transit Industry Alliance 联盟龙头企业的牵引下，集中行业优势资源，共同促进联盟 计院顺利引入战略投资者，实施员工股权激励，完成增资扩 SASAC (state-owned assets supervision and administration commission) has united and motivated enterprises in all fields that are interested in the and Guangzhou Metro Group Corporation, the Design Institute successfully 成员做优、做强、做大，为实现联盟成员的企业壮大和利润 construction and development of the rail transit industry. Under the guidance 股，完成股份制改造成立股份公司，并向广东证监局申请上 introduced strategic investors, implemented employee equity incentives, of leading enterprises and by integrating superior resources of the industry, 市辅导备案登记并公示，改制上市工作进入上市辅导阶段， completed the increase in capital and shares, completed the restructuring of 增长“保驾护航”。 the Alliance will help members improve themselves, be stronger and bigger, the shareholding system and established a joint-stock company, applied to 未来，广州轨道交通产业联盟将以“智能建设、智能装 and support members to enhance their profitability. 进一步推进公司规范独立运作，开展募集资金投资项目初步 Securities Regulatory Bureau for registration, and announced its In the future, Guangzhou Rail Transit Industry Alliance will focus on listing guidance. The restructuring and listing work entered the stage of listing 研究，为公司 IPO 申报创造有利条件。 备、智慧服务、检测认证、信息服务”为重点突破口，聚焦 "intelligent construction, intelligent equipment, intelligent service, testing guidance. The standardization and independent operation of the company will “创新孵化平台”“轨交综合开发”“轨交产业投资”“智 and certification, information service". It will pay attention to innovation 2018 年设计院重视科研，推动创新。年内先后荣获中 be further promoted, and the preliminary study on fund-raising investment achievements in 7 major categories including "innovation incubation projects will be carried out, to create favorable conditions for the company's 国土木工程詹天佑奖、中国建筑设计奖等 150 个奖项，获 慧建造”“智慧运维”“智慧服务”“检测认证”的七大类 platform", "comprehensive development of rail transit", "industry investment of IPO. In 2018, the Design Institute attached importance to scientific research 创新成果， 力争把广州市轨道交通产业打造成为立足大湾 rail transit", "intelligent construction", "intelligent operation and maintenance", 颁“广东省土木建筑科技创新先进企业”等荣誉称号，获奖 and promoted innovation. During the year, the Design Institute successively "intelligent service", and "testing and certification", and strive to create the 数量创单年最高纪录，并通过卓越质量管理体系 AAA 认证。 won 150 awards such as the Tien-yow Jeme Civil Engineering Prize and 区、面向全国、辐射全球的支柱产业。 rail transit industry of Guangzhou into a pillar industry that is based on the the China Architectural Design Award, and was given honorary titles such Greater Bay Area, serves the entire country and extends to the whole world. as "Advanced Enterprise of Civil Construction Science and Technology Innovation in Guangdong Province". The company set a new record in terms of the number of awards won in a single year. The Design Institute also passed the AAA Certification for Excellent Quality Management System. 71 产业发展 产业发展 72 INDUSTRIAL DEVELOPMENT INDUSTRIAL DEVELOPMENT

地铁监理 地铁咨询 METRO ENGINEERING SUPERVISION METRO ENGINEERING CONSULTING

2018 年经营收入 Operating Revenue in 2018 2018 年经营收入 Operating Revenue in 2018

2018 年，监理公司实现经营收入 2.51 亿元，年内完 In 2018, China International Engineering Consulting Corporation 成新签合同 5.72 亿元，累计合同额存有量 12.14 亿元，业 continued to expand the domestic market, established nearly 10 project 亿元 offices in Xiamen, Guiyang, Lanzhou and other cities, and executed nearly 务拓展至全国 13 个城市和地区。2018 年，成功拓展并承 2.51 RMB Hundred Million 万元 100 contracts. Its business market covers more than 30 cities throughout the RMB Ten Thousand 5,173 country. Its services cover the whole procedure and entire field of rail transit 接了国内首个整车委外架修监理项目、国内首个整列车应用 including construction, operation and preparation, urban rail operation and 永磁牵引系统的技术咨询服务项目、国内首个氢能源有轨电 maintenance. Over the year, the new contracts signed reached RMB 48.2 million, and RMB 51.73 million operating revenue was generated. 车项目技术咨询与监造项目，并首创国内地铁车辆委外架修 In 2018, the supervision company realized operating revenue of RMB 251 2018 年，广州中咨公司继续深入拓展国内市场，在设 China International Engineering Consulting Corporation actively million, signed new contracts worth RMB 572 million, accumulated contract 技术咨询及监理服务项目管理体系。 participated in market competition, adapted to market development and stock of RMB 1.214 billion, and expanded its business to 13 cities and 厦门、贵阳和兰州等近10 个项目部、在执行合同近100 份， provided customized solutions. It realized rapid development especially in 2018 年，监理公司共获得实用新型专利授权 3 项、软 regions in China. In 2018, the supervision company successfully expanded 业务市场覆盖全国 30 多个城市，专业涉及工程建设、运营 high-end consulting services and informatization projects. It organized the its business and undertook the first supervision project of entire vehicle 件著作权 5 项、出版 2 部技术专著、编制省级标准 1 项。 compilation of the Comprehensive Quota for Urban Rail Transit Construction overhaul, the first technical consultation service project of permanent magnet 筹备和城轨运维等轨道交通全过程领域，全年新签合同额为 of Guangdong Province (2018), issued by Guangdong Province Department 获得广东省土建筑学会科技进步奖 2 项；获得 4 项高新企 traction system applied for the entire vehicle, the first technical consultation of Housing and Urban-Rural Development, which is used as the basis for and supervision project of hydrogen energy tramcar project, and initiated the 4,820 万元，实现经营收入 5,173 万元。 业高新产品以及《知识产权管理体系》的认证。 cost calculation of urban rail transit construction. It also provided important management system for technical consultation and supervision service of 广州中咨公司主动参与市场竞争，适应市场发展提供 guidance for the compilation review of estimates and budgets, mediation of 监理公司荣评“广东省设备监理十年十佳单位”称号及 Metro vehicles overhaul in China. cost disputes, and bidding quotation, internal management and accounting of In 2018, the supervision company obtained three patent authorizations for 个性化的需求，特别是在高端咨询服务、信息化项目方面取 广东省“连续十年守合同重信用”企业。2018 年公司承接 enterprises. At the same time, the company won the bids for organization and utility models, five software copyrights, published two technical monographs, 得长足发展，组织了《广东省城市轨道交通工程综合定额 structuring of several Metro networks in Qingdao, , and other 工程获奖共计 2 项国家级詹天佑大奖、3 项省级奖项、6 项 and compiled one provincial-level standard. It won two awards for scientific cities, and planned rail transit industry layout. It conducted strategic enterprise and technological progress from Civil Engineering and Architectural Society (2018)》定额编制工作，作为城市轨道交通工程造价依据， 市级奖项。 planning research projects, and organized and participated in the formulation of Guangdong, and acquired the certification for four new and high-tech 获广东省住房和城乡建设厅印发，对编审概预算、调解工程 and evaluation of codes and standards. products of high-tech enterprises and the Intellectual Property Management System. 造价纠纷、企业投标报价和内部管理、核算等有重要的指导 In addition, China International Engineering Consulting Corporation actively promoted the technological innovation and upgrade of Big Data and The supervision company was awarded the titles "Top 10 Equipment 意义。同时，公司中标青岛、洛阳和佛山等多个线网组织架 Supervision Company of Guangdong Province in Ten Years" and the rail transit, intelligent needs of rail transit vehicles, intelligent maintenance and "Trustworthy Enterprise with Spirit of Contract of Guangdong Province for 构、轨道交通产业布局策划和企业战略规划研究等项目，参 operation management of trains, jointly carried out technological research with other rail transit cities, signed strategic cooperation agreements with Ten Consecutive Years". In 2018, projects undertaken by the company won 与和组织规范、标准的制定和评审等工作。 two national-level Tien-yow Jeme prizes, three provincial-level awards and well-known software planning and design companies, and realized the six municipal-level awards. 此外，广州中咨公司积极推进大数据与轨道交通、轨道 growth of both brand and economic benefits. 交通车辆智能化需求、列车智能维护与运营管理等技术创新 升级，与其他轨道交通城市联合开展技术研究工作、与知名 软件规划设计公司签订了战略合作协议。实现了品牌效益和 经济效益双增长。

深圳春风路隧道大盾构 《广东省轨道交通工程绿色施工综合定额（2018）》专家评审会 Large TBM of Chunfeng Road Tunnel in Shenzhen Expert Review Meeting on Comprehensive Quota for Green Construction of Guangdong Rail Transit Projects (2018) 73 产业发展 产业发展 74 INDUSTRIAL DEVELOPMENT INDUSTRIAL DEVELOPMENT

地铁培训 地铁物资 年经营收入超过 Operating Revenue in 2018 over METRO PROFESSIONAL TRAINING METRO MATERIALS 2018 年经营收入 Operating Revenue in 2018 亿元 3 RMB Hundred Million

万元 4,544 RMB Ten Thousand 城轨采购网注册供应商超 2018 年，广州城市轨道交通培训学院股份有限公司实 广州地铁物资有限公司一直致力于轨道交通及房地产行 Registered Suppliers in MTRMART.COM 现经营收入 4,544 万元，新增无锡、宁波、南宁等 3 家分 业现代供应链构建和管理。2018 年经营收入超过 3 亿元。

院和广州铁路职业技术学院培训基地，获得第二届全国优质 In 2018, Guangzhou Urban Rail Transit Training College Corp., Ltd. 目前，物资公司为广州地铁及其他地铁运营企业供应各 家 Units 服务大赛最佳人气奖、广东省职工教育培训示范点、广州地 realized operating revenue of RMB 45.44 million, opened three branches in 类物资，涵盖 A、B、L、APM 所有车型和各种系统设备。 5,000 Wuxi, Ningbo and Nanning, and established the training base of Guangzhou 铁先进基层党组织、广州地铁宣传“十佳”单位等荣誉称号。 Railway Vocational and Technical College. It won the Popularity Award at 同时，为广州地铁新线建设提供混凝土、钢材等主建材质量 截至 2018 年底，培训学院已累计为 187 家单位提供人才 the 2nd National Quality Service Competition, and won the honorary titles of 管控及新线机电设备采购服务，为地铁百年工程提供强有力 Demonstration College for Employee Education and Training of Guangdong 培养服务，培训总量近 80 万人天。 Province, Advanced Primary Party Organization of Guangzhou Metro, and 的保障。 培训学院加大研发投入力度，先后开设信息化管理、竣 "Top 10" Publicity Companies of Guangzhou Metro. By the end of 2018, the 物资公司已建立包含 12 类主要装修材料供应商数据库， Guangzhou Metro Materials Co., Ltd. has always been committed to Training College had provided personnel training services to 187 enterprises, modern supply chain building and management of rail transit and real estate 工验收管理、审计管理高研班和公共安全管理高峰论坛，新 with total training volume of nearly 800,000 man-days. 并和领先品牌签订战略合作协议，结合机电设备供应积累的 industry. 2018 operating revenue exceeded RMB 300 million. 研发出车间（分部）主任管理能力认证班、站务班组长能力 The Training College increased investment in research and development, 丰富经验，为房产物业开发提供装修材料和机电设备集成供 At present, the materials company supplies all kinds of materials for and set up summit forums on informatization management, completion Guangzhou Metro and other Metro operation companies, covering all types 认证班、机电工程业主代表能力认证班和监理能力认证班等 and acceptance management, advanced classes for audit management, 应服务，为“地铁 + 物业”的发展模式提供强有力的保障。 of vehicles (A, B, L, APM), systems and equipment. Meanwhile, it also 8 个认证班产品，市场反响热烈。除面向全国举办认证班以 and public safety management. Eight new certification classes including 2018 年，城轨采购网稳步发展，已有超 5,000 家供应 provides quality control of main building materials such as concrete and steel management ability certification class for workshop (branch) directors, and mechanical and electrical equipment procurement for GMG's new line 外，学院还向福州地铁定制开发出符合其需求的土建工程业 capability certification class for station team leaders, capability certification 商在城轨采购网上注册成功，其中超过 60% 为原厂制造商。 construction, serving as a strong backup for the 100-year subway project. 主代表能力认证班和机电工程业主代表能力认证班。同时， class for owner's representatives of mechanical and electrical engineering, 2018 年，重庆地铁、长春地铁先后加盟城轨采购网，并通 Establishing supplier databases for 12 types of major furnishing materials, capability certification class for supervisors, etc. were developed, and Guangzhou Metro Materials Co., Ltd. has further concluded strategic 培训学院充分发挥苏州、重庆、无锡、宁波等分院的优势， received strong response from the market. In addition to holding certification 过城轨采购网采购各类物资。同时，还有数家城轨企业洽谈 cooperation agreements with leading brands. Based on its rich experience in 与苏州、无锡、宁波分院联合举办党建标杆学习行，在重庆 classes for the entire domestic market, the Training College also provided 加盟事宜。 the supply of electromechanical equipment, the Company supplies furnishing customized certification classes including capability certification class for materials and integrated electrometrical equipment for real estate property 分院举办苏州轨道交通线网运营管理沙龙，在宁波分院举办 owner's representatives of civil engineering and capability certification class development to guarantee the development model of Metro + Property. 盾构专题技术论坛。 for owner's representatives of mechanical and electrical engineering in order In 2018, MTRMART.COM underwent steady development. Among the to meet the needs of Metro. At the same time, the Training College 5,000 registered suppliers, 60% of whom are OEMs.In 2018, Chongqing Rail gave full play to the advantages of branches in , Chongqing, Wuxi, Transit and Changchun Rail Traffic joined mtrmart.com to procure various Ningbo and other cities. It jointly organized the study tour of the Party building materials. Meanwhile, several urban rail companies are also negotiating on model with branches in Suzhou, Wuxi and Ningbo, organized operation and their joining in the partnership. management salons for the network at Chongqing branch, and held a forum on TBM technologies at the Ningbo branch.

2018 年全国城市轨道交通公共安全管理高峰论坛 城轨采购网交易中心 2018 Summit Forum on Public Safety Management of National Urban Rail Transit Trading Center of MTRMART.COM 75 产业发展 产业发展 76 INDUSTRIAL DEVELOPMENT INDUSTRIAL DEVELOPMENT

地铁小额贷款 轨道交通系统制造及研究 METRO MICROFINANCE RAIL TRANSIT SYSTEM MANUFACTURING AND RESEARCH

2018 年经营收入 Operating Revenue in 2018 2018 年经营收入 Operating Revenue in 2018

2018 年，地铁小贷公司积极落实产业链金融服务要求， 万元 2018 年，广州地铁在轨道交通车辆等系统制造领域取 3,659 RMB Ten Thousand 全年共向广州地铁 22、13、18等超过 10 条线路，33个标段， 得了一定的成绩。广州中车轨道交通装备有限公司坚持以战 亿元 34 个地铁参建单位发放贷款 94 笔，合计 1.77 亿元，年度 略思维、全局思维、专业思维和创新思维，推动公司稳健发展。 17.59 RMB Hundred Million 经营收入合计 3,659 万元。 完成广州地铁车辆新造交付 21 号线 14 列、14号线 26 列、 地铁小贷坚持“赋能”理念，通过创新产业链金融服务， 广八北项目 6 列、广州九增 5 列；完成广佛地铁车辆架修 In 2018, the Metro Microfinance Company actively implemented financial 为地铁参建单位创造价值。在地铁小贷的帮助下，施工单位 交付 3 列；油漆翻新项目交付 5 列；电力工程车 3 台以及 services in the industry chain, and offered 94 loans to 34 metro construction In 2018, Guangzhou Metro made some achievements in the field 临时性资金周转困难得到解决，民工工资得到及时发放，有 companies involving 33 sections and more than 10 lines of Guangzhou 轨道交通 14 号线、21 号线等在线检测项目。全年主营业 of system manufacture such as rail transit vehicles. Guangzhou CRRC Metro (Line 22, Line 13, Line 18, etc.) totaling RMB 177 million, with annual Rail Transit Equipment Co., Ltd. adheres to strategic, comprehensive, 效地助力了地铁建设和安全维稳。同时，快速的响应速度和 务收入 16.5 亿元，净利润 3,275 万元，获得 2018 年广东 operating revenue of RMB 36.59 million. professional and innovative to promote the steady development of the 服务、实惠的价格受到参建单位好评。在做细做深现有业务 Metro Microfinance Company adheres to the concept of "empowerment", 省制造企业 500 强企业。 company. It completed the manufacture and delivery of 14 trains for Line 21, and creates value for metro construction companies by innovating financial 26 trains for Line 14, 6 trains for Guangzhou North project, and 5 trains 的同时，地铁小贷积极拓展金融服务范围，协助集团公司完 广州中车时代电气技术有限公司中标广州地铁 6 号线二 services in the industry chain. With the help of Metro Microfinance Company, for Guangzhou , for Guangzhou Metro; It delivered 3 trains for vehicle 成云信业务的落地，2018 年通过银行累计开立云信 6,000 the temporary capital turnover difficulties of construction companies were 期、佛山 3 号线信号、牵引、工程车、屏蔽门系统等项目， repair of Guangzhou-, delivered 5 trains for painting renovation solved, and wages of migrant workers were paid on time, effectively projects, 3 electric engineering vehicles, and online detection projects for the 万元。云信业务的逐步铺开，不但能缓解集团公司融资压力， 公司完成销售收入 10,900 万元。广州中车时代电气技术有 contributing to the construction of metros and the maintenance of security rail transit Line 14, Line 21 and other lines. The annual operating revenue of 同时，也为公司业务的稳定和可持续打下了坚实基础。 and stability. At the same time, its rapid response and service, and affordable 限公司践行电气“经营城市”理念，立足广州，辐射深圳、 its main business was RMB 1.759 billion, and the net profit was RMB 32.75 prices were highly praised by construction companies. While deepening million. The company was selected as the Top 500 Manufacturing Enterprise 地铁小贷公司积极贯彻中央金融工作会议精神，努力降 佛山、东莞，完成佛山信号系统推进，佛山 3 号线信号系统 existing businesses, Metro Microfinance Company actively expanded of Guangdong Province in 2018. 低中小微企业融资成本。2018 年研发和投放了“无间贷” the scope of financial services, and assisted the Group to complete the 中标并完成合同签订。 Guangzhou CRRC Times Electric Co., Ltd. won the bid for Guangzhou 产品，有效解决了客户新旧贷款的过渡难题，使客户无须“过 implementation of Yunxin business with RMB 60 million arranged through Metro Phase II , the signal, traction, engineering vehicle, barrier door banks. The gradual development of Yunxin business can not only alleviate system of Foshan Metro , as well as other projects. The sales revenue 桥”即能实现贷款的延续。 the financing pressure of the Group, but also lay a solid foundation for the of the company was RMB 109 million. Guangzhou CRRC Times Electric stability and sustainability of the company's business. Co., Ltd. adheres to the concept of "operations-based city", is based in Metro Microfinance Company actively implemented the spirit of financial Guangzhou and radiates out to Shenzhen, Foshan and Dongguan. The conferences of the Central Government and strove to reduce the financing company completed the promotion of the Foshan signal system, and won the costs of small and medium-sized enterprises. In 2018, the company bid for the Foshan Metro Line 3 signal system and signed the contract. developed and launched the "Smooth Transition Loan" (Wu Jian Dai) product, which effectively solved the transition problem between new and old loans, and enabled customers to realize continuation of loans without "bridge loans".

广州地铁云信三方合作协议签署暨云信支付启动仪式 Signing of Yunxin Third Party Cooperation Agreement of Guangzhou Metro—Launch Ceremony of Yunxin Payment 整装待发十四号线、二十一号线列车 Line 14 and Line 21 Trains Ready to Leave