Investment Rating - The report assigns a "Buy" rating for the company, predicting that the stock price will outperform the Shanghai Composite Index by 15% or more within the next six months [30]. Core Insights - The company, Dingjia Precision, is recognized as a national-level "specialized, refined, distinctive, and innovative" enterprise, primarily engaged in the production of functional consumer electronics products. The company has shown a steady increase in revenue and profit margins over the years, with a projected revenue growth from 3.28 billion CNY in 2022 to 4.07 billion CNY in 2024, and a net profit increase from 0.53 billion CNY to 0.59 billion CNY during the same period [1][19]. - The global consumer electronics market is expected to exceed 1 trillion USD by 2028, indicating a robust growth trajectory for the industry. The company is well-positioned to benefit from this growth due to its strong technological capabilities and established customer relationships [2][7]. - The company holds 208 patents, including 20 invention patents, and has developed core technologies that support its production processes, enhancing product stability and reducing costs [2][14]. Summary by Sections Industry Overview - The consumer electronics functional and protective products industry is closely tied to the overall consumer electronics market, which has seen significant growth, increasing from 919.5 billion USD in 2018 to 1,027.6 billion USD in 2023, with expectations to reach 1,176.7 billion USD by 2028 [2][7]. Company Profile - Dingjia Precision specializes in the design, research, production, and sales of functional and protective consumer electronics products. The company has established itself as a key player in the industry, serving major clients such as Compal Electronics and Delta Electronics, with products used in well-known brands like Dell and HP [14][24]. - The company’s revenue from functional products accounted for 70.91% of total revenue in 2024, highlighting its core business focus [19]. Financial Performance - The company reported revenues of 3.28 billion CNY in 2022, 3.66 billion CNY in 2023, and a projected 4.07 billion CNY in 2024, with corresponding net profits of 0.53 billion CNY, 0.51 billion CNY, and 0.59 billion CNY [1][19]. - In the first half of 2025, the company achieved revenues of 1 billion CNY and 1.15 billion CNY for Q1 and Q2 respectively, marking growth rates of 20.36% and 17.52% year-on-year [1][19]. Competitive Advantages - The company has a strong focus on technological innovation, with a commitment to meeting customized client needs through continuous product development and improvement [23][24]. - The industry is characterized by high market concentration, with the company having established long-term relationships with high-quality clients, ensuring a stable demand for its products [24].

Core Viewpoint - The implementation of the overallotment option by Suzhou Dingjia Precision Technology Co., Ltd. has been completed, allowing the company to increase its total share issuance and raise additional funds [1][5]. Summary by Sections Overallotment Implementation - The overallotment option was exercised on August 29, 2025, with Ping An Securities acting as the lead underwriter [1]. - A total of 3 million shares were oversold at the issuance price of 11.16 yuan per share, representing 15% of the initial issuance [1][2]. Listing and Trading - Dingjia Precision was listed on the Beijing Stock Exchange on July 31, 2025, and investors were allowed to purchase shares within 30 days at the issuance price [2]. - During this period, Ping An Securities did not use the funds from the overallotment to buy back shares in the secondary market [2]. Share Issuance and Fundraising - The total number of shares issued increased from 20 million to 23 million, raising a total of 256.68 million yuan, including the initial issuance [3]. - The additional funds raised from the overallotment amounted to 33.48 million yuan [3]. Share Delivery and Lock-up Period - The oversold shares were obtained through delayed delivery to strategic investors, who agreed to the terms outlined in a strategic placement agreement [3][4]. - The lock-up period for shares allocated to the company's senior management and core employees is set at 12 months, while other strategic shares have a 6-month lock-up period [4]. Compliance and Legal Review - The board of directors confirmed that the overallotment option was implemented legally and in compliance with relevant regulations [5]. - Legal counsel verified that the issuance met the requirements of the Beijing Stock Exchange's listing rules, ensuring that public shareholders hold at least 25% of the total share capital post-issuance [5].

Core Viewpoint - The implementation of the overallotment option for Suzhou Dingjia Precision Technology Co., Ltd. has been completed, allowing the company to increase its total share issuance and raise additional funds through the public offering on the Beijing Stock Exchange [1][2][3]. Summary by Sections Overallotment Situation - The overallotment option was exercised on August 29, 2025, with a total of 3 million shares sold at an issue price of 11.16 yuan per share, representing 15% of the initial issuance [1][2]. - The total number of shares issued increased from 20 million to 23 million, raising a total of 25.668 million yuan in funds [3]. Fundraising and Share Issuance - The total funds raised from the overallotment amounted to 3.348 million yuan, with the net amount after deducting issuance costs being 3.06371 million yuan [4][5]. - The total share capital of the company increased from 80 million to 83 million shares, with the new shares accounting for 27.71% of the total share capital post-issuance [3][6]. Strategic Investor Arrangements - The shares from the overallotment were obtained through delayed delivery to strategic investors, who agreed to the terms outlined in the strategic placement agreement [3][4]. - The lock-up period for the shares allocated to the strategic investors varies, with some having a 12-month lock-up and others a 6-month lock-up starting from the listing date [4]. Compliance and Approval - The board of directors confirmed that the implementation of the overallotment option was legal and compliant with the disclosed plans, ensuring that public shareholders hold at least 25% of the total share capital post-issuance [5][6].

Group 1 - The core opinion of the legal opinion letter is to confirm the implementation of the over-allotment option for Suzhou Dingjia Precision Technology Co., Ltd.'s public offering of shares on the Beijing Stock Exchange [1][2] - The over-allotment option was exercised by the lead underwriter, Ping An Securities, to allocate an additional 3 million shares, which is 15% of the initial offering size of 20 million shares, at a price of 11.16 yuan per share [4][6] - The total number of shares issued increased from 20 million to 23 million, raising a total of 256.68 million yuan, with a net amount of 228.61 million yuan after deducting issuance costs [6][9] Group 2 - The internal decision-making process for the over-allotment option was approved by the company's board of directors and shareholders, ensuring compliance with relevant regulations [5][7] - The over-allotment shares were obtained through a delayed delivery mechanism to strategic investors, as outlined in the strategic placement agreement [8] - The lead underwriter did not utilize the funds from the over-allotment to purchase shares in the secondary market during the 30-day period following the listing [5][6]

平安证券股份有限公司 关于苏州鼎佳精密科技股份有限公司 向不特定合格投资者公开发行股票并在北京证券交易所上市 超额配售选择权实施情况的核查意见 苏州鼎佳精密科技股份有限公司（以下简称"鼎佳精密"、"发行人"或"公 司"）向不特定合格投资者公开发行股票并在北京证券交易所上市（以下简称"本 次发行"）超额配售选择权已于 2025 年 8 月 29 日行使完毕。平安证券股份有限 公司（以下简称"平安证券"）担任本次发行的保荐机构（主承销商），为具体 实施超额配售选择权操作的获授权主承销商（以下简称"获授权主承销商"）。 平安证券就本次超额配售选择权的实施情况核查说明如下： 鼎佳精密按照本次发行价格 11.16 元/股，在初始发行规模 2,000.00 万股的基 础上全额行使超额配售选择权新增发行股票数量 300.00 万股，由此发行总股数 扩大至 2,300.00 万股，发行人总股本由 8,000.00 万股增加至 8,300.00 万股，发行 总股数占发行后总股本的 27.71%。发行人由此增加的募集资金总额为 3,348.00 万元，连同初始发行规模 2,000.00 万股股票对应的募集资金总额 22,320. ...

广东华商律师事务所 关于苏州鼎佳精密科技股份有限公司 向不特定合格投资者公开发行股票并在北京证券交易所上市 法律意见书 超额配售选择权实施情况的 广东华商律师事务所 CHINA COMMERCIAL LAW FIRM 广东省深圳市福田区深南大道 4011 号港中旅大厦第 21-26 层 21-26/F, CTS Tower, No.4011, ShenNan Avenue, Shenzhen, PRC. 电话（Tel）：0755-83025555 传真（Fax）：0755-83025068 广东华商律师事务所 关于苏州鼎佳精密科技股份有限公司 向不特定合格投资者公开发行股票并在北京证券交易所上市 邮政编码（P.C.）：518048 网址：https://huashanglawyer.com 法律意见书 超额配售选择权实施情况的 法律意见书 致：平安证券股份有限公司 广东华商律师事务所（以下简称"本所"）受平安证券股份有限公司（以下 简称"平安证券"或"主承销商"）的委托，担任苏州鼎佳精密科技股份有限公 司（以下简称"发行人""公司"或"鼎佳精密"）向不特定合格投资者公开发 行股票并在北京证券交易所（以下简称" ...

证券代码：920005 证券简称：鼎佳精密 公告编号：2025-077 苏州鼎佳精密科技股份有限公司 超额配售选择权实施公告 二、超额配售选择权实施情况 鼎佳精密于 2025 年 7 月 31 日在北京证券交易所上市。自公司在北京证券交 易所上市之日起 30 个自然日内（含第 30 个自然日，即自 2025 年 7 月 31 日至 2025 年 8 月 29 日），获授权主承销商有权使用超额配售股票募集的资金以竞价 交易方式购买发行人股票，且申报买入价格不得超过本次发行的发行价，购买的 股份数量不超过本次超额配售选择权股份数量限额（300.00 万股）。 鼎佳精密在北京证券交易所上市之日起 30 个自然日内，平安证券作为本次 发行的获授权主承销商，未利用本次发行超额配售所获得的资金以竞价交易方式 从二级市场买入本次发行的股票。 鼎佳精密按照本次发行价格 11.16 元/股，在初始发行规模 2,000.00 万股的基 础上全额行使超额配售选择权新增发行股票数量 300.00 万股，由此发行总股数 扩大至 2,300.00 万股，发行人总股本由 8,000.00 万股增加至 8,300.00 万股，发行 总股数占 ...

证券代码：920005 证券简称：鼎佳精密 公告编号：2025-075 苏州鼎佳精密科技股份有限公司 关于签署募集资金三方及四方监管协议的公告 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 苏州鼎佳精密科技股份有限公司（以下简称"公司"）向不特定合格投资者公 开发行股票并在北京证券交易所上市申请已于 2025 年 4 月 7 日经北京证券交易 所上市委员会审议通过，并于 2025 年 6 月 30 日经中国证券监督管理委员会证监 许可〔2025〕1360 号文同意注册。 公司本次向不特定合格投资者发行股票 2,000.00 万股（超额配售选择权行使 前），每股面值为人民币 1.00 元，每股发行价格为人民币 11.16 元，募集资金总 额为人民币 22,320.00 万元（超额配售选择权行使前），扣除不含税的发行费用 2,522.57 万元（超额配售选择权行使前），募集资金净额为人民币 19,797.43 万 元（超额配售选择权行使前），募集资金已于 2025 年 7 月 24 日 ...

平安证券股份有限公司 关于苏州鼎佳精密科技股份有限公司 2025 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《北京证券交易所股票上市规则》 等有关法律法规、规范性文件等的规定，平安证券股份有限公司（以下简称"保 荐机构"）作为苏州鼎佳精密科技股份有限公司（以下简称"鼎佳精密"或"公 司"）的保荐机构，负责鼎佳精密的持续督导工作，并出具 2025 年半年度持续 督导跟踪报告。 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | | 是，保荐代表人根据相关规定，及时审阅公 | | （1）是否及时审阅公司信息披露文件 | 司发布的三会公告、定期报告及其他事项公 | | | 告等在内的有关信息披露文件 | | （2）未及时审阅公司信息披露文件的次数 无 | | | 2.督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包 | | | 括但不限于防止关联方占用公司资源的制 | | | 度、募集资金管理制度、内控制度、内部审 | 是，已持续督导公司建立健全相关规章制度 | | 计制度、关联交易制度） | | | （2 ...

Core Insights - The company, Dingjia Precision, reported a robust growth in its performance for the first half of 2025, with operating revenue reaching 215 million, a year-on-year increase of 18.82% [1] - The net profit attributable to shareholders was 38.05 million, reflecting a year-on-year growth of 35.48%, while the net profit after deducting non-recurring gains and losses was 37.50 million, up 40.57% [1] - The net cash flow from operating activities amounted to 40.45 million, representing a year-on-year increase of 6.34% [1] Business Overview - The company specializes in functional and protective products for consumer electronics, with a diverse product range including electromagnetic shielding, adhesive assembly, precision insulation, paper-based, and EPE products [1] - Key clients include renowned manufacturers such as Compal Electronics, Jabil, Luxshare Precision, and Pegatron, with end products used by international brands like Dell, HP, Lenovo, and Asus [1] - The company has established a stable business system through customized R&D capabilities and a diversified product structure, maintaining stable procurement, production, sales, and R&D models during the reporting period [1] Production and Quality Control - The company employs a "sales-driven production" model, combining in-house production with outsourcing (OEM and commissioned processing) to meet order demands [1] - Strict supplier selection and production control measures are implemented to ensure product quality [1] R&D and Innovation - The company emphasizes independent innovation, developing customized products to meet diverse customer needs while enhancing frontier technology research [2] - As of the end of the reporting period, the company holds a total of 212 patents, including 23 invention patents and 189 utility model patents, which support its competitive advantage in precision manufacturing for consumer electronics [2] - The company aims to continuously enhance its R&D capabilities, strengthen talent development, and improve operational and service levels to lay a solid foundation for long-term growth and innovation [2]