证券代码：688035 证券简称：德邦科技 公告编号：2026-013 烟台德邦科技股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性 公告 舟山泰重创业投资合伙企业（有限合伙）保证向本公司提供的信息真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | 比例减少☑ | | --- | --- | --- | | 权益变动前合计比例 | 6.01% | | | 权益变动后合计比例 | 5.03% | | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ | 否☑ | | 是否触发强制要约收购义务 | 是□ | 否☑ | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 | | --- | --- | | 投资者及其一致行动人的身份 | | | | □合并口径第一大股东及其一致行动人 | | | 5%以上大股东___ ☑其他__其他 | 2.信息披露义务人信息 | 信息披露义 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [6][14]. Core Insights - The company is projected to achieve a revenue of 1.547 billion yuan in 2025, representing a year-on-year growth of 32.61%. The net profit attributable to shareholders is expected to reach 105 million yuan, with an 8.03% increase year-on-year [3][10]. - The company has made significant advancements in core material technologies, particularly in semiconductor packaging materials, thermal management materials, and high-reliability adhesives, which are expected to enhance its competitive edge in high-end industries [4]. - The thermal interface materials segment is a key business area, with the company providing a comprehensive range of solutions for various applications, including AI servers and electric vehicles, positioning itself as a critical player in the domestic market [5]. Financial Performance Summary - The company anticipates revenues of 1.55 billion yuan in 2025, 2.02 billion yuan in 2026, and 2.58 billion yuan in 2027, with net profits projected at 110 million yuan, 200 million yuan, and 300 million yuan for the respective years [6][10]. - The EBITDA is expected to grow from 219.87 million yuan in 2025 to 478.47 million yuan in 2027, reflecting a strong upward trend in profitability [10]. - The company’s gross margin is projected to improve from 27.5% in 2024 to 32.0% in 2027, indicating enhanced operational efficiency [13].

证券代码：688035 证券简称：德邦科技 公告编号：2026-012 烟台德邦科技股份有限公司 关于第二期以集中竞价交易方式回购公司股份的进展 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 因 2025 年半年度权益分派实施，公司以集中竞价交易方式回购股份价格上限 2025 年 10 月 14 日（权益分派除权除息日）起由不超过 63.27 元/股（含）调整为 不超过 63.17 元/股（含），具体内容详见公司于 2025 年 9 月 30 日在上海证券交 易所网站（www.sse.com.cn）披露的《烟台德邦科技股份有限公司关于 2025 年半 年度权益分派实施后调整回购股份价格上限的公告》（公告编号：2025-072）。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关法律法规规定，公司在回购期间应当在每个月的前 3 个 交易日内公告截至上月末的回购进展情况，现将公司回购股份进展情况公告如下： 2026 年 2 月，公司未通过集中竞价交易方式 ...

Core Viewpoint - Debon Technology Co., Ltd. reported a significant increase in revenue and net profit for the fiscal year 2025, driven by demand recovery in core sectors such as integrated circuits and smart terminals, as well as growth in new energy and high-end equipment sectors [2][3] Financial Performance - The company achieved an operating income of 1.547 billion yuan, representing a year-on-year growth of 32.61% [2] - The net profit attributable to the parent company was 105 million yuan, with an increase of 8.03% year-on-year [2] - The net profit after deducting non-recurring gains and losses was 97.332 million yuan, reflecting a year-on-year growth of 16.35% [2] Market Dynamics - The growth in performance is attributed to the continuous recovery in demand for integrated circuits and smart terminals, along with good growth in the new energy and high-end equipment sectors [2] - Emerging application scenarios such as artificial intelligence, high-performance computing, edge AI terminals, and commercial aerospace are creating new opportunities for the advanced packaging materials industry [2] - Tensions in certain international regions have accelerated downstream customers' validation and adoption of domestically produced high-reliability materials [2] Product Innovation - The company has made substantial breakthroughs in various fields, including high-performance phase change thermal materials, liquid metal thermal interface materials, chip-level underfill, AD glue, DAF/CDAF films, dual-component high thermal conductivity gels for SSDs, new display packaging materials for Lipo processes, and new magnetic bonding materials for drive motors [2] Strategic Initiatives - Debon Technology is leveraging its core customer resources and key technological advantages to increase investments in R&D, capacity building, market expansion, and management optimization [3] - The company is also focusing on capital operations such as investments and mergers to cultivate new revenue growth points and drive overall revenue growth [3]

Group 1 - The core viewpoint of the article is that Debang Technology announced its financial performance for 2025, highlighting significant growth in both revenue and net profit [2] Group 2 - The company expects to achieve an operating revenue of 1547.23 million yuan in 2025, representing a year-on-year increase of 32.61% [2] - The net profit attributable to the parent company is projected to be 105.26 million yuan, reflecting a year-on-year growth of 8.03% [2]

Group 1 - The core viewpoint of the article highlights that Debang Technology reported a significant increase in its 2025 annual performance, with operating revenue reaching approximately 1.547 billion yuan, representing a year-on-year growth of 32.61% [1] - The net profit attributable to shareholders of the listed company is approximately 105 million yuan, reflecting an increase of 8.03% compared to the previous year [1] - Basic earnings per share are reported at 0.75 yuan, which is an increase of 8.7% year-on-year [1] Group 2 - The article also notes that in February, China's AI usage surpassed that of the United States for the first time, with four major models ranking among the top five globally, indicating a significant growth in domestic computing power demand [1]

Core Viewpoint - Debon Technology (688035.SH) reported a strong performance for the fiscal year 2025, with significant growth in revenue and net profit, indicating a robust operational capacity and strategic opportunities in the advanced packaging materials industry. Financial Performance - The company achieved an operating revenue of 1,547.23 million yuan, representing a year-on-year increase of 32.61% [1] - The net profit attributable to shareholders reached 105.26 million yuan, up 8.03% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 97.33 million yuan, reflecting a 16.35% increase [1] - Total assets at the end of the reporting period amounted to 3,443.26 million yuan, a growth of 15.95% from the beginning of the year [1] - Shareholders' equity attributable to the parent company was 2,321.83 million yuan, showing a slight increase of 1.21% [1] Industry Context - The company highlighted challenges in supply chain stability due to international tensions affecting the procurement cycle of key materials, emphasizing the urgency for supply chain autonomy [1] - There is a notable acceleration in downstream customers' willingness to validate and adopt high-reliability domestic materials, presenting strategic opportunities for the advanced packaging materials industry [1] - The integrated circuit and smart terminal sectors are experiencing a sustained recovery with strong demand, while the new energy and high-end equipment sectors are also showing good growth [1] - Emerging technologies and applications such as artificial intelligence, high-performance computing (HPC), edge AI terminals, and commercial aerospace are creating new development spaces for the industry [1] Product Development - During the reporting period, the company achieved substantial breakthroughs in new technologies, products, and application scenarios while maintaining stable growth in its core products [2] - Representative achievements include high-performance phase change thermal materials, liquid metal thermal interface materials, chip-level underfill, AD glue, DAF/CDAF films, dual-component high thermal conductivity gel for SSDs, and new display packaging materials based on Lipo technology [2] - These breakthroughs signify the company's expanding technical capabilities in high-end electronic packaging materials, transitioning from traditional to advanced packaging, and from consumer electronics to automotive-grade chips [2]

Financial Performance - The company achieved total operating revenue of 154,723.09 million yuan, a year-on-year increase of 32.61%[4] - Net profit attributable to shareholders of the parent company reached 10,525.57 million yuan, up 8.03% year-on-year[4] - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was 9,733.22 million yuan, reflecting a growth of 16.35%[4] - Total assets at the end of the reporting period amounted to 344,326.10 million yuan, an increase of 15.95% from the beginning of the period[6] - The company's weighted average return on equity increased to 4.56%, up 0.26 percentage points from the previous year[4] Investment and Innovation - The company continues to invest in technology research and development, capacity building, and market expansion, leading to substantial breakthroughs in new technologies and products[7] - The company is focusing on core customer resources and key technological advantages to drive rapid revenue growth through innovation and product upgrades[9] - The company has introduced new products such as high-performance phase change thermal materials and new display packaging materials, enhancing its product portfolio[8] Sales and Market Performance - Key product sales have steadily increased, contributing to a rise in gross profit despite some price adjustments[8] - Investors are advised to note that the financial data presented is preliminary and subject to final audit in the annual report[10]

Core Viewpoint - Debang Technology announced a total operating revenue of 1.547 billion yuan for the year 2025, representing a year-on-year growth of 32.61% [1] - The net profit attributable to the parent company's owners reached 105 million yuan, with a year-on-year increase of 8.03% [1] - The net profit attributable to the parent company's owners, after deducting non-recurring gains and losses, was 97.332 million yuan, reflecting a year-on-year growth of 16.35% [1] Financial Performance - Total operating revenue for 2025: 1.547 billion yuan, up 32.61% year-on-year [1] - Net profit attributable to parent company's owners: 105 million yuan, up 8.03% year-on-year [1] - Net profit after deducting non-recurring gains and losses: 97.332 million yuan, up 16.35% year-on-year [1]

Core Viewpoint - Debon Technology announced a projected revenue of 1,547.23 million yuan for 2025, representing a year-on-year growth of 32.61% [1] - The net profit attributable to the parent company is expected to be 105.26 million yuan, with a year-on-year increase of 8.03% [1] - The net profit after deducting non-recurring gains and losses is projected to be 97.33 million yuan, reflecting a year-on-year growth of 16.35% [1] Industry Summary - The integrated circuit and smart terminal sectors, which are core services of the company, are experiencing a sustained recovery with strong demand [1] - The new energy and high-end equipment sectors are also maintaining good growth [1]