How to ensure the safe and efficient operation of urban rail transit? How can trains operate at a minimum safe distance to maximize their capacity? To solve these problems, the key lies in the rail transit signal system, which is called the "brain and nerve" of urban rail transit. Focusing on building the "strongest brain" of rail transit, TCT came into being and became one of the first listed enterprises on the science and technology board with its "hard core" technology.

"Since the establishment of the company in 2009, from breaking foreign monopolies to leading China's rail transit successfully onto a path of catching up with the world's advanced level of signal system independent development, it is inseparable from long-term investment and independent research and development." Gao Chunhai, chairman of TCT, recently said in an interview with China Securities Journal that the Science and Technology innovation Board has provided strong financial support for TCT's sustainable innovation, driving the company's products to continue to iterate. TCT's sixth generation urban rail signaling system, Autonomous Virtual Formation Operation System (AVCOS), is undergoing technical verification in the Beijing Metro Line 11 National demonstration Project and is expected to receive acceptance results in June or July next year.

Strengthen innovation and constantly improve the level of technology

"Core technology cannot be bought, and only independent innovation can make China's rail transit signal system no longer subject to others." Reviewing the development process of China's rail transit signal system, Gao Chunhai said that the key technology of the industry was once subject to foreign monopoly, in order to break the embarrassing situation of no right to speak, TCT has been committed to overcoming the independent and controlled problems in the field of rail transit signal since its birth.

In order to solve the pain points of the industry and help the rail transit self-reliance, it cannot rely on a single day, and enterprises must maintain their concentration. The urban rail signal system developed by the company from the third generation (CBTC system) to break the foreign monopoly, the fourth generation (FAO unmanned system) to the international level, to the fifth generation (VBTC system) landing application that can match the international giants, and then to the sixth generation (AVCOS system) research and development that leads the international level, TCT has always focused on the main industry for R & D innovation. Continuously achieve product iteration and upgrade.

The breakthrough from "0" to "1" cannot be achieved without the innovative courage to dare to try and make mistakes and face up to difficulties. In the early days of its establishment, TCT once faced the dilemma of no orders for two consecutive years; In 2013, the company planned to launch the fourth-generation urban rail transit Automatic Operation System (FAO), which was questioned by some in the industry. However, TCT has achieved a qualitative leap forward through continuous innovation and persistence. From the data of 2021, the scale of FAO lines has grown rapidly, and the market share of TCT as the total contractor of FAO's core technology signal system ranks first. Continuous innovation and R&D investment will ensure the company's future technological leadership and market competitiveness. Today, in the impact of the COVID-19 epidemic and project delivery schedule adjustment, the company's operating income in the first three quarters decreased by 14.92% year-on-year, and R&D investment still increased by 16.04% year-on-year in the same period.

"In the process of rapid market development, many people like to 'eat fast food', and innovation is a long-term process." Gao Chunhai said that up to now, TCT has served 29 cities and more than 50 rail transit lines, with a cumulative mileage of 2,252 kilometers, serving more than 2.1 billion customers annually, and more than 20 core technologies have achieved breakthroughs, relying on continuous innovation.

Focus on the main business to do rail transit "strongest brain"

In Gao Chunhai's view, every enterprise has its own DNA, and in the DNA double helix structure of TCT, in addition to adhering to scientific and technological innovation, improving the level of corporate governance is also an important part. In recent years, while gathering the main business to improve the core competitiveness, anti-risk ability and return ability, the company's governance ability and comprehensive competitive strength have continued to increase.

"The rail transit industry is a 'gold mine', but only by focusing on the main business and taking long-term roots can we dig out 'gold', and the probability of not digging out the depth is' soil '." Companies should focus on the main business, and do not blindly expand without mastering the core technology in diversified fields." Gao Chunhai said.

While enhancing the core competitiveness, the company's risk awareness runs through the operation. At present, TCT has formed a complete security control system including process management, risk control design and international certification, and has become the company's "talisman" to ensure high safety and reliability of products and projects.

The improvement of the quality of listed companies should ultimately be reflected in the ability of value creation and value distribution. TCT maintains an annual profit dividend of more than 30% to achieve returns to shareholders and enhance investors' sense of gain.

"Investors are willing to pay a lot of money to buy your 'future', and companies should repay investors in a 'real money' way." Gao Chunhai said.

In terms of improving corporate governance, TCT has upgraded corporate governance and formed a set of corporate vision, purpose, mission, culture and value system that follows international theoretical framework and standards and has control genes and characteristics, which has become a "winning magic" to solve the problems of the company's development direction, product competitiveness, diversified talents, departmental barriers and other aspects. The power source to promote the company's high-quality development.

Capital support to promote high-quality development of enterprises

Focusing on the main business and adhering to innovation, TCT has rapidly grown into a "leader" high-tech company in the field of rail transit signals. However, in the eyes of Gao Chunhai, innovation is not the most difficult subject, the difficult is to be able to continue to innovate, and the science and technology innovation board just inject capital momentum for the continuous innovation of enterprises.

From 2019 to 2021, TCT R&D investment was 113 million yuan, 173 million yuan and 272 million yuan, respectively, an increase of 46.12%, 53.09% and 56.84%. As of June 2022, TCT has applied for 1,574 patents and has 732 authorized patents (including 562 authorized invention patents).

Since landing on the Science and Technology Innovation Board, a number of TCT core technologies have been awarded the first prize of Beijing Science and Technology Progress, the special Prize of urban rail transit science and Technology Progress, the first prize of urban rail transit science and Technology Progress, the second prize of Beijing Invention Patent, etc., and has been identified as "National Technology innovation Demonstration Enterprise" by the Ministry of Industry and Information Technology, and selected as the first batch of "hidden champion" enterprises in Beijing. The ability of scientific and technological innovation was recognized again.

"In the process of providing the impetus for continuous innovation of enterprises, the science and technology board also allows enterprises to settle down, specialize in core technologies, and do valuable products that truly serve society." Gao Chunhai said.

In order to further promote the high-quality development of enterprises, Gao Chunhai put forward seven requirements for improving the scientific and creative attributes of enterprises: meet the requirements of national strategy; Master independent core technology; With independent research and development, testing, manufacturing, training, maintenance and other complete platform; Obtain independent third party approval; Widely used by users; To have a follower in the direction; In addition, it has continuous innovation ability and high-tech talents.

"Continuous research and development investment and technology accumulation, so that the company's product system is more perfect." Gao Chunhai said, "In the next ten years, we will seize the opportunity to accelerate the construction of a transportation power, focus on the deep integration of emerging information technology and rail transit business, focus on new directions such as smart city rail, and strive to complete the iterative upgrading of the seventh and eighth generation systems." "While improving service effectiveness and reducing costs, we will come up with products and technologies that are more advanced than those of overseas companies to achieve a comprehensive 'go to sea' from technology and equipment to standards."

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