The Star Daily reported on November 21 (Reporter Huang Xiumei), "The company primarily focuses on three major directions in the low-altitude field: digital infrastructure, low-altitude airspace scheduling management systems, and applications for specific scenarios. As of the end of the third quarter of this year, the company has not yet generated revenue in the low-altitude economy field; this will be confirmed in stages based on project execution progress." Gao Chunhai, chairman of Traffic Control Technology and key technical personnel, said during the performance briefing held today (November 21) for the third quarter of 2024.

Traffic Control Technology is a provider of comprehensive solutions for rail transit. In recent years, the company has developed drone-based flight management systems and related scene application services, entering the low-altitude economy field; it has also leveraged its virtual grouping technology in rail transit to penetrate hot markets such as vehicle networking and vehicle-cloud integration.

Gao Chunhai stated in response to questions from The Star Daily, "The low-altitude flight service system developed by the company has been applied in the drone patrol project at the Qilihai Wetland Nature Reserve in Tianjin."

"The company is also conducting applications for complex environments and vertical fields, developing industry-level drones with multi-sensor fusion perception and supporting automated hangar research," said Gao Chunhai. "This includes high environmental adaptability drones that can operate normally in extreme weather conditions such as strong winds and heavy rain, as well as drones that can conduct inspections in environments without or with weak GPS, such as tunnels and under bridges."

In the field of vehicle-cloud integration, Traffic Control Technology established a joint venture, Beijing Che Che Lian Lian Technology Co., Ltd., in April this year, utilizing virtual grouping technology to achieve overall collaborative control of freight trucks.

In response, Gao Chunhai stated, "The truck convoy system has completed the development of its main functions and is currently undergoing debugging and testing on closed roads at the company's industrial park located in Wuqing, Tianjin. An application for road license will be submitted as soon as possible."

Gao Chunhai further indicated that the company is developing an autonomous virtual group operation system that can achieve flexible grouping and flexible operation based on virtual coupling. This maximizes the use of rail and vehicle resources, reduces operational energy consumption, and can be promoted in various scenarios including reasonable vehicle use in high peak times, four-network integration, mixed passenger and cargo transport, and one trunk line with multiple branches.

"It is expected to have broad application space in new urban lines in cities like Beijing, Shanghai, Guangzhou, Shenzhen, and the cni yangtze index region (i.e., urban lines constructed based on urban rail transit standards)," Gao Chunhai said.

The Star Daily reporter noted that traffic control technology issued a shareholder shareholding reduction announcement on November 12 this year, stating that one of the company's top ten shareholders, Peking Stone Venture Capital Fund (Limited Partnership) (hereinafter referred to as "Stone Fund"), reduced its holdings of the company's shares by more than 3.45 million shares between August 20 and November 11 this year, accounting for 1.83% of the company's total share capital, with a reduction price ranging from 17.00 yuan/share to 23.32 yuan/share, resulting in a total reduction amount of nearly 68.35 million yuan.

Previously, traffic control technology was listed on July 22, 2019. After its initial public offering, the Stone Fund, as a concerted actor with Beijing Infrastructure Investment Co., Ltd., held 3.333% of traffic control technology's shares.

The Stone Fund's official website shows that it participated in traffic control technology's Series A financing on April 25, 2013. According to the announcement, after this shareholding reduction, the Stone Fund's shareholding ratio in traffic control technology has decreased to 0%.