鼎阳科技成立于2007年6月13日，于2021年12月1日在上海证券交易所上市，注册地址和办公地址均位于广 东省深圳市。它是国内通用电子测量仪器龙头，产品性能领先，受益于国产替代加速。 A股股东户数较上期增加39.69% 截至2025年9月30日，鼎阳科技A股股东户数为7271，较上期增加39.69%；户均持有流通A股数量为2.19 万，较上期减少28.41%。在十大流通股东中，香港中央结算有限公司位居第七大流通股东，持股210.16万 股，相比上期增加45.41万股。易方达积极成长混合（110005）、中欧信息科技混合发起A（023451）、中 欧时代先锋股票A（001938）退出十大流通股东之列。 华西证券指出，鼎阳科技2025年三季报业绩符合预期，25Q3营收1.53亿元创历史峰值，归母净利润0.34亿 元。公司毛利率提升，研发费用增加影响短期利润。业务亮点有：1. 产品结构优化，25Q1 - 3高端产品占 比提升至30%，四大主力产品均价提升10%；2. 时频域产品亮点多，高分辨率示波器收入同比增95%，微 波射频产品境内同比增80%；3. 高端产品加速迭代，25年发布SDS8000A示波器等。该机构 ...

Summary of Dingyang Technology Conference Call Company Overview - **Company**: Dingyang Technology - **Industry**: Electronic Measurement Instruments Key Points and Arguments Financial Performance - Dingyang Technology reported a revenue of 431 million yuan for the first three quarters of 2025, representing a year-on-year growth of 21.67% [3] - Net profit attributable to shareholders was 111 million yuan, up 21.49% year-on-year, while the net profit excluding non-recurring items was 109 million yuan, reflecting a growth of 22.62% [3] - The revenue growth is primarily attributed to sustained R&D investment and a high-end product strategy, with high-end products accounting for 30% of total revenue, up 6 percentage points year-on-year [5] Product Development and Innovation - Since 2020, the company has launched 41 new products, with 11 released in 2025, including 7 high-end products [2][6] - The company focuses on the general electronic measurement field and plans to upgrade existing products while expanding into higher bandwidth ranges, including 30GHz and 60GHz [2][9] Market Demand and Trends - There is a rapid increase in demand from sectors such as telecommunications, semiconductors, new energy vehicles, and AI, particularly for AI server-related equipment [2][10] - The company is also monitoring developments in quantum computing, although it is not currently prioritizing this area due to its sensitivity [10] Customer Base and Sales Strategy - Dingyang Technology has expanded its key account (KA) customer base from a few to nearly ten, significantly contributing to revenue growth [7] - The company anticipates a steady increase in direct sales as high-end products are introduced and personnel are optimized [7] High-End Product Performance - High-end product revenue grew by 51.22% year-on-year, with average selling prices increasing by 10.11% [5] - Sales of products priced above 30,000 yuan increased by 46.53%, while those above 50,000 yuan saw a 56.65% increase [5] Future Growth Projections - The SDS 8,000A series is expected to become a significant revenue and profit growth driver in 2026, with potential sales of 50-100 units projected to generate over 50 million yuan in revenue [10] - The company expects to maintain a high growth trend in the coming years, driven by new product launches and market expansion [4][20] Market Conditions and Competitive Landscape - The domestic market is growing significantly faster than the overseas market, with expectations for a recovery in overseas sales as new products are launched [22] - The company faces limited competition in the high-end RF microwave product sector, primarily from a few foreign giants [15] R&D and Profitability - R&D expenses increased by over 40% year-on-year, reflecting the company's commitment to long-term growth despite short-term profit fluctuations [21][23] - The current profit level is moderate, with a focus on long-term potential rather than short-term gains [23] Supply Chain and Production Capacity - The domestic supply chain has matured, particularly in key components like ADCs, which support the development of high-end oscilloscopes [9][16] - The Malaysian factory has ramped up production capacity, addressing supply shortages and enhancing the company's operational efficiency [15] Additional Important Insights - The company is strategically positioned to leverage its technological advancements and market demand, ensuring a robust growth trajectory in the electronic measurement instruments sector [20] - The focus on high-end products and continuous innovation is expected to solidify Dingyang Technology's competitive advantage in the industry [6][10]

证券日报网讯 10月29日晚间，鼎阳科技发布2025年第三季度报告称，2025年第三季度公司实现营业收 入152，663，898.74元，同比增长16.63%；归属于上市公司股东的净利润为34，471，349.30元，同比 增长3.81%。 （文章来源：证券日报） ...

Core Viewpoint - Dingyang Technology (688112.SH) reported a revenue of 431 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 21.67% [1] - The net profit attributable to shareholders reached 111 million yuan, marking a year-on-year increase of 21.49% [1] - The basic earnings per share stood at 0.7 yuan [1] Financial Performance - Total operating revenue for the first three quarters: 431 million yuan, up 21.67% year-on-year [1] - Net profit attributable to parent company shareholders: 111 million yuan, up 21.49% year-on-year [1] - Basic earnings per share: 0.7 yuan [1]

证券代码：688112 证券简称：鼎阳科技 公告编号：2025-047 投资者可于 2025 年 11 月 20 日 （星期四） 至 11 月 26 日 （星 期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 zqb@siglent.com 进行提问。公司将在说明会上对投资 者普遍关注的问题进行回答。 深圳市鼎阳科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 2025 年第三季度报告，为便于广大投资者更全 面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划 于 2025 年 11 月 27 日 （星期四） 16:00-17:00 举行 2025 年第三季度 业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 会议召开时间：2025 年 11 月 27 日 （星期四） 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第 三季度的经营成果及 ...

Financial Performance - The company's operating revenue for the first nine months of 2025 reached CNY 431.48 million, representing a year-on-year growth of 21.67%[5] - The net profit attributable to shareholders for the same period was CNY 111.35 million, with a year-on-year increase of 21.49%[5] - The gross profit margin for the first nine months of 2025 was 61.13%, while the net profit margin stood at 25.81%[9] - Total operating revenue for the first three quarters of 2025 reached ¥431,483,450.19, a 21.7% increase from ¥354,642,646.73 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was ¥111,347,061.67, up 21.5% compared to ¥91,649,118.45 in 2024[23] - Operating profit for the first three quarters of 2025 was ¥118,110,824.68, an increase of 16.6% from ¥101,295,287.30 in 2024[23] - The total comprehensive income for the first three quarters of 2025 was ¥112,044,475.29, an increase from ¥91,080,735.49 in 2024[24] Research and Development - Research and development expenses for Q3 2025 amounted to CNY 36.81 million, a year-on-year increase of 42.65%, accounting for 24.11% of operating revenue[9] - Research and development expenses increased to ¥97,029,241.71 in 2025, representing a 39.2% rise from ¥69,734,120.91 in 2024[22] - The company has ongoing investments in new technologies and product development, although specific figures were not disclosed in the conference call[18] Product Performance - High-end product sales grew by 51.22%, contributing to an average price increase of 10.11% across the main product lines[6] - Revenue from high-resolution digital oscilloscopes increased by 95.40%, and revenue from RF microwave products rose by 80.10% in the first nine months of 2025[8] - The company has launched several new high-end products, including the SDS8000A high-resolution digital oscilloscope and the SDG8000A arbitrary waveform generator[10] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period increased by 81.31%, primarily due to higher sales and collections[14] - As of September 30, 2025, the company's total assets amounted to CNY 1,701,961,587.63, an increase from CNY 1,677,191,995.38 at the end of 2024[18] - The company's cash and cash equivalents reached CNY 1,238,078,516.16, slightly up from CNY 1,226,572,251.88 at the end of 2024[18] - Accounts receivable increased to CNY 85,059,040.22 from CNY 66,317,412.73, reflecting a growth of approximately 28.2%[18] - Inventory decreased to CNY 213,479,119.03 from CNY 237,369,205.68, indicating a reduction of about 10.1%[19] - Total current liabilities decreased to CNY 97,582,568.40 from CNY 105,369,494.54, a decline of approximately 7.5%[19] - The company's total liabilities were CNY 128,767,236.75, down from CNY 143,914,492.17, representing a decrease of about 10.5%[20] - The total equity attributable to shareholders increased to CNY 1,573,194,350.88 from CNY 1,533,277,503.21, reflecting a growth of approximately 2.6%[20] Shareholder Information - There are no significant changes in the top ten shareholders or their holdings compared to the previous period[18] Earnings Per Share - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.70, up from ¥0.58 in 2024[24] Financial Expenses - The company experienced a decrease in financial expenses, reporting a net financial income of -¥27,868,907.09 in 2025 compared to -¥26,383,400.43 in 2024[22]

Core Points - The core point of the news is the equity transfer involving Shenzhen Dingyang Technology Co., Ltd., where major shareholders reduced their holdings through a price inquiry transfer, affecting their ownership percentage significantly without changing the control of the company [2][8][24]. Group 1: Transfer Details - The price for the inquiry transfer was set at 34.18 yuan per share, with a total of 3,184,000 shares being transferred [2][12]. - Following the transfer, the combined shareholding of Qin Ke, Shao Haitao, Zhao Yafeng, and associated entities decreased from 71.26% to 68.99%, marking a change that touches a 5% integer multiple [2][8][24]. - The transfer was part of a broader context involving dividend distribution, stock incentive plans, and passive dilution [2][21]. Group 2: Shareholder Information - The transferring parties, including Qin Ke, Shao Haitao, and Zhao Yafeng, are identified as the controlling shareholders and actual controllers of Dingyang Technology [3][4]. - The entities involved in the transfer, Dingli Xiangyang, Zhongli Kangding, and Boshitongyu, are recognized as acting in concert with the aforementioned shareholders [3][4][21]. Group 3: Historical Context - Prior to the transfer, the shareholders' equity was affected by a cash dividend of 0.85 yuan per share and a capital reserve increase of 0.49 shares per share, which increased their total shares from 76,008,000 to 113,251,920 [7][23]. - The shareholding percentage was further diluted due to the implementation of stock incentive plans, leading to a gradual decrease in ownership before the inquiry transfer [7][23]. Group 4: Regulatory Compliance - The transfer process adhered to regulations set forth by various laws and guidelines, ensuring fairness and compliance with market standards [14]. - The inquiry transfer was conducted with the participation of 432 institutional investors, receiving six valid bids during the subscription period [13].

证券代码：688112 证券简称：鼎阳科技 公告编号：2025-046 深圳市鼎阳科技股份有限公司 股东询价转让结果报告书暨持股 5%以上股东权益变动 触及 5%整数倍的提示性公告 股东秦轲、邵海涛、赵亚锋、深圳市鼎力向阳投资合伙企业（有限合伙）、深 圳市众力扛鼎企业管理咨询合伙企业（有限合伙）、深圳市博时同裕投资合伙企业 （有限合伙）（以下合称"转让方"）保证向深圳市鼎阳科技股份有限公司（以下简 称"鼎阳科技"、"上市公司"或"公司"）提供的信息内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。本 公司及董事会全体成员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: 本次询价转让的价格为34.18元/股，转让的股票数量为3,184,000股。 | 序号 | 股东名称 | 持股数量（股） | 持股比例 | | --- | --- | --- | --- | | 1 | 秦轲 | 35,527,113 | 22.26% | | 2 | 邵海涛 | 30,947,554 | 19.39% | | 3 | 赵亚锋 | 25,211,217 | 15.80% ...

深圳市鼎阳科技股份有限公司 简式权益变动报告书 上市公司名称：深圳市鼎阳科技股份有限公司 股票上市地点：上海证券交易所科创板 股票简称：鼎阳科技 股票代码：688112 信息披露义务人 1：秦轲 住所及通讯地址：广东省深圳市****** 信息披露义务人 2：邵海涛 住所及通讯地址：广东省深圳市****** 信息披露义务人 3：赵亚锋 住所及通讯地址：广东省深圳市****** 一、信息披露义务人依据《中华人民共和国证券法》《上市公司收购管理办 法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告 书》及相关法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 信息披露义务人 4：深圳市鼎力向阳投资合伙企业（有限合伙） 住所及通讯地址：深圳市宝安区新安街道留仙三路 68 区安通达工业区 4 栋 3楼 信息披露义务人 5：深圳市众力扛鼎企业管理咨询合伙企业（有限合伙） 住所及通讯地址：深圳市宝安区新安街道 68 区留仙三路安通达工业区 4 栋 3 楼 信息披露义务人 6：深圳市博时同裕投资合伙企业（有限合伙） 住所及通讯地址：深圳市宝安区新安街道兴东社区 ...

Core Viewpoint - Dingyang Technology announced a change in shareholding structure, with the shareholding percentage decreasing from 71.26% to 68.99% while the number of shares increased from 76.008 million to 110.1128 million, indicating a shift in ownership dynamics without a change in control [1] Group 1 - The shareholding change was driven by actions such as dividend distribution, stock incentive allocation, passive dilution, and inquiry transfer [1] - The company maintains that this change does not result in a shift of control and that there may be further adjustments in shareholding within the next 12 months [1]