江苏鼎智智能控制科技股份有限公司 公司取得不动产权证书 证券代码：873593 证券简称：鼎智科技 公告编号：2024-015 二、对公司的影响 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 江苏鼎智智能控制科技股份有限公司（以下简称"公司"）于 2024 年 3 月 28 日收到不动产权证书，现将相关情况公告如下： 一、不动产权证书相关信息 权利人：江苏鼎智智能控制科技股份有限公司 共有情况：单独所有 坐落：潞横路 2850 号 不动产单元号：320412 011000 GB00869 F01280001 等 权利类型：国有建设用地使用权/房屋所有权 权利性质：出让/自建房 用途：厂房、综合楼等 面积：宗地面积 33401.00 平方米(独用)/房屋建筑面积 75127.90 平方米 使用期限：国有建设用地使用权 2072 年 11 月 07 日止 此次取得不动产权证书，是结合公司实际情况，并根据公司长期战略发展需 要，同时充分考虑风险因素的基础上做出的投资决策。此项目顺利实施有利于提 升公司综合竞 ...

Investment Rating - The report maintains an "Outperform" rating for the company, indicating an expected performance that is 5% to 20% better than the market [7][12]. Core Views - The company's 2023 financial report shows a revenue of 282 million yuan, a decrease of 11%, and a net profit attributable to shareholders of 81 million yuan, down 19% [7]. - The decline in performance is attributed to a slowdown in macroeconomic growth, weak overall demand in downstream markets, and a decrease in revenue from nucleic acid testing-related businesses [7]. - The company is expected to recover with new product developments in linear actuators, hollow cup motors, and electric motors for new energy vehicles, which are seen as potential growth areas [7]. Financial Summary - The company's total assets are projected to grow from 884 million yuan in 2023 to 1,083 million yuan by 2025 [6]. - Revenue is expected to increase from 282 million yuan in 2023 to 419 million yuan in 2025, reflecting a compound annual growth rate (CAGR) of approximately 30.3% [8]. - The net profit is forecasted to rise from 81 million yuan in 2023 to 125 million yuan in 2025, with corresponding EPS increasing from 0.85 yuan to 1.30 yuan [7][8]. - The company's gross margin is expected to stabilize around 53.9% by 2025, indicating a strong profitability outlook [8]. Business Development - The company has been actively expanding its product offerings and pursuing acquisitions, including a joint venture with a South Korean robotics manufacturer and investments in new energy vehicle components [23]. - The establishment of subsidiaries focused on new energy and high-performance motors demonstrates the company's commitment to diversifying its business and tapping into emerging markets [23].

证券代码：873593 证券简称：鼎智科技 公告编号：2024-015 江苏鼎智智能控制科技股份有限公司 公司取得不动产权证书 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 江苏鼎智智能控制科技股份有限公司（以下简称"公司"）于 2024 年 3 月 28 日收到不动产权证书，现将相关情况公告如下： 一、不动产权证书相关信息 权利人：江苏鼎智智能控制科技股份有限公司 共有情况：单独所有 三、风险提示 取得不动产权证书，未来投资规划具有不确定性，项目规划实施过程中可能 面临宏观政策调控、市场变化、经营管理等各方面不确定因素带来的风险。 公司将根据相关法律法规的规定及时履行信息披露义务,敬请广大投资者谨 慎决策，注意投资风险。 坐落：潞横路 2850 号 不动产单元号：320412 011000 GB00869 F01280001 等 权利类型：国有建设用地使用权/房屋所有权 权利性质：出让/自建房 用途：厂房、综合楼等 面积：宗地面积 33401.00 平方米(独用)/房屋建筑面积 75127.90 平 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [2][118]. Core Insights - The market focus on the company's products, such as sliding screws, planetary roller screws, hollow cup motors, and precision gearboxes, is primarily driven by their applications in humanoid robots. Additionally, the company's voice coil motor products have achieved domestic substitution and mass production in the first half of 2023, leading to a rapid increase in revenue contribution, which is expected to enhance the company's revenue and profit, thereby increasing its earnings elasticity [1][78]. - Revenue forecasts for the company from 2023 to 2025 are projected at 282 million, 323 million, and 369 million yuan, respectively, with net profits of 81 million, 96 million, and 111 million yuan, corresponding to EPS of 0.85, 1.00, and 1.16 yuan. The current stock price corresponds to PE ratios of 46x, 39x, and 33x [2][118]. Summary by Sections Market Overview - The global micro motor market was valued at 35.85 billion USD in 2022 and is expected to reach 56.06 billion USD by 2030, with a CAGR of 5.75%. In China, the market size grew from 102.41 billion yuan in 2018 to 161.04 billion yuan in 2023, with a CAGR of 9.48% [30]. Product Analysis - The company offers a diverse range of precision motion control solutions, including linear actuators, hybrid stepper motors, DC motors, and voice coil motors, forming a comprehensive matrix to meet various customer needs [75]. - The voice coil motor segment has shown significant growth, with revenue reaching 62.74 million yuan in the first half of 2023, a year-on-year increase of 2479.66% [78]. Financial Projections - The company is expected to maintain a gross margin of 66% for its linear actuator business in 2023, with revenue growth projected at 10% and 12% for 2024 and 2025, respectively [108]. - The hybrid stepper motor segment is forecasted to recover with a revenue growth of 11% in 2024 and 2025 after a decline in 2023 [109]. Industry Trends - The humanoid robot industry is anticipated to drive demand for the company's products, with ongoing development in sliding screws, planetary roller screws, hollow cup motors, and precision gearboxes [122]. - The company is actively engaging with multiple robot manufacturers, with sample testing progressing smoothly [122].

证券代码：873593 证券简称：鼎智科技 公告编号：2024-013 江苏鼎智智能控制科技股份有限公司 控股子公司已于 2024 年 2 月 22 日在常州市市场监督管理局完成工商注册 登记手续。 二、工商注册登记情况 1.名称：韦尔智能控制系统(常州)有限公司 2.统一社会信用代码：91320400MADBY0B49B 5.法定代表人：丁泉军 6.注册资本：500 万人民币 关于控股子公司完成工商注册登记并取得营业执照的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、基本情况 江苏鼎智智能控制科技股份有限公司因业务发展需要，公司经研究决定在 江苏常州投资设立控股子公司，拟设立的控股子公司名称为：威控智能（常 州）伺服系统有限公司，以工商登记机关核准确定的名称为准。2024 年 1 月 13 日，公司召开第二届董事会第五次会议，审议通过《对外投资设立控股子公司 的议案》。根据《北京证券交易所股票上市规则（试行）》和《公司章程》的规 定，本议案未达到提交股东大会审议标准，无需提交股东大会审议。 ...

证券代码：873593 证券简称：鼎智科技 公告编号：2024-013 江苏鼎智智能控制科技股份有限公司 关于控股子公司完成工商注册登记并取得营业执照的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、基本情况 江苏鼎智智能控制科技股份有限公司因业务发展需要，公司经研究决定在 江苏常州投资设立控股子公司，拟设立的控股子公司名称为：威控智能（常 州）伺服系统有限公司，以工商登记机关核准确定的名称为准。2024 年 1 月 13 日，公司召开第二届董事会第五次会议，审议通过《对外投资设立控股子公司 的议案》。根据《北京证券交易所股票上市规则（试行）》和《公司章程》的规 定，本议案未达到提交股东大会审议标准，无需提交股东大会审议。 控股子公司已于 2024 年 2 月 22 日在常州市市场监督管理局完成工商注册 登记手续。 二、工商注册登记情况 1.名称：韦尔智能控制系统(常州)有限公司 2.统一社会信用代码：91320400MADBY0B49B 5.法定代表人：丁泉军 6.注册资本：500 万人民币 ...

Investment Rating - The report assigns an "Outperform" rating to the company [1]. Core Views - The company, Dingzhi Technology, is a well-known domestic manufacturer of linear actuators, with a revenue of 318 million yuan in 2022, representing a year-on-year increase of 63.99%, and a net profit of 101 million yuan, up 103.39% year-on-year [6][45]. - The growth is attributed to increasing demand in the medical device and industrial automation sectors, along with a steady rise in gross margin [6]. - The company has a strong market position, being the second-largest globally and the largest in China for linear actuators, with a significant portion of its core components produced in-house [39][67]. Summary by Sections Company Overview - Dingzhi Technology focuses on precision motion control solutions, primarily producing linear actuators, hybrid stepper motors, DC motors, and voice coil motors [39]. - The company has established stable partnerships with several well-known domestic and international clients, including Mindray Medical and Samsung [8]. Market Performance - The company has experienced significant revenue growth, with a compound annual growth rate (CAGR) of 49.04% for linear actuators from 2019 to 2022 [39]. - The gross margin for linear actuators reached 64.93% in 2022, an increase of 4.3 percentage points year-on-year [83]. Industry Growth Potential - The medical device market in China is projected to reach 1.7168 trillion yuan by 2025, with a CAGR of 15.55% from 2021 to 2025 [7]. - The global industrial automation market is expected to grow at a CAGR of 6.34% from 2023 to 2025 [7]. - The humanoid robot market is anticipated to grow from 1.62 billion USD in 2022 to 28.66 billion USD by 2032, with a CAGR of 33.28% [7]. Financial Projections - The company is expected to achieve net profits of 92 million yuan and 87 million yuan in 2023 and 2024, respectively, with corresponding earnings per share (EPS) of 0.95 yuan and 0.90 yuan [9]. - The estimated reasonable valuation range for the company is between 38.7 and 43.2 yuan, based on a price-to-earnings (PE) ratio of 43-48x for 2024 [9].

证券代码：873593 证券简称：鼎智科技 公告编号：2024-014 江苏鼎智智能控制科技股份有限公司 关于部分募集资金专户完成销户的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、 募集资金基本情况 2023 年 3 月 16 日，公司收到中国证券监督管理委员会《关于同意江苏鼎智 智能控制科技股份有限公司向不特定合格投资者公开发行股票注册的批复》（证 监许可【2023】539 号），同意公司向不特定合格投资者公开发行股票的注册申 请。 公司向不特定合格投资者公开发行普通股股票 11,572,000 股（不含超额配 售选择权），每股发行价格为人民币 30.60 元，募集资金总额为人民币 354,103,200.00 元，扣除发行费用人民币 38,976,608.46 元（不含税），募集资 金净额为人民币 315,126,591.54 元。上述募集资金已于 2023 年 4 月 3 日全部到 位，并经天健会计师事务所（特殊普通合伙）审验并出具了天健验〔2023〕15-2 号验资报告。 公司行使 ...

Financial Performance - The company's operating revenue for 2023 was CNY 282,328,151.73, a decrease of 11.35% compared to the previous year[4] - Net profit attributable to shareholders was CNY 81,439,922.18, down 19.26% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 66,196,303.05, a decline of 34.18% from the previous year[4] - Basic earnings per share decreased to CNY 0.89, a drop of 70.82% compared to CNY 3.05 in the previous year[4] Assets and Equity - Total assets at the end of the reporting period reached CNY 715,541,280.63, an increase of 95.43% from the beginning of the period[5] - Shareholders' equity attributable to the company was CNY 667,125,258.92, up 148.53% from the beginning of the period[5] - The total share capital increased by 176.67% to CNY 96,044,078.00 compared to the beginning of the period[5] Operating Expenses - The increase in operating expenses was attributed to higher sales, management, and R&D costs due to market expansion efforts and increased investment in new product development[6][7] Other Income - Government subsidies and investment income from financial products saw a significant increase during the reporting period[8] Cautionary Note - The financial data presented is preliminary and subject to audit, emphasizing the need for investors to exercise caution[9]