监事会关于公司 2024 年限制性股票激励计划激励对象名单公示 情况及审核意见的说明 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 证券代码：688112 证券简称：鼎阳科技 公告编号：2024-042 深圳市鼎阳科技股份有限公司 深圳市鼎阳科技股份有限公司（以下简称"公司"）依据《中华人民共和国 公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称 "《证券法》"）、《上市公司股权激励管理办法》（以下简称"《管理办 法》"）、《上海证券交易所科创板股票上市规则》（以下简称"《上市规 则》"）等法律法规的有关规定，对《深圳市鼎阳科技股份有限公司 2024 年限 制性股票激励计划（草案）》（以下简称"《激励计划（草案）》"）中确定的 激励对象姓名和职务进行了公示。根据《管理办法》及《深圳市鼎阳科技股份 有限公司章程》（以下简称"《公司章程》"）的规定，公司监事会结合公示情 况对拟激励对象进行了核查，相关公示情况及核查意见如下： 一、公示情况 1、公司于 2024 年 8 月 30 日在上海证券交易所网站（ ...

Market Overview - The global oscilloscope market size was $1.788 billion in 2022, with a projected CAGR of 5.66% from 2022 to 2027 [2] - The global spectrum analyzer market size was $1.403 billion in 2022, with a projected CAGR of 6.8% from 2022 to 2027 [2] - The global vector network analyzer market size was $784 million in 2022, with a projected CAGR of 6.37% from 2022 to 2027 [2] - The global signal generator market size was $905 million in 2022, with a projected CAGR of 5.89% from 2022 to 2027 [2] Company Performance - The company's gross margin increased to 62.00% in the first half of 2024, up by 1.04 percentage points year-on-year [4] - Revenue from high-end products accounted for over 20% of total revenue in the first half of 2024, driving an 8.30% increase in average selling price of the four main products [5] - Sales of products priced above $30,000 grew by 15.71% year-on-year, while sales of products priced above $50,000 increased by 36.07% [5] - Direct sales revenue increased by 26.24% year-on-year in the first half of 2024, further enhancing the company's profitability [5] Product Development and R&D - The company invested CNY 43.9312 million in R&D in the first half of 2024, a 30.55% increase year-on-year, representing 19.63% of total revenue [6] - The company has established a professional and stable R&D team with members having over ten years of experience in the electronics industry [6] - As of June 30, 2024, the company held 329 patents, an increase of 51 patents or 18.35% year-on-year [7] Market Segmentation - The general electronic test and measurement market size was $6.311 billion in 2022, with the communication sector accounting for 28.14% and the industrial sector for 26.87% [5] - By 2027, the communication sector's market share is expected to grow to 29.22%, while the electronics and semiconductor sector will rise to 14.29%, becoming the best-performing downstream segment from 2022 to 2027 [5] Competitive Advantage - The company has a comprehensive product matrix, particularly in RF microwave products and 12-bit high-resolution oscilloscopes, which enhances its competitive edge [4] - The company is one of the few manufacturers globally capable of R&D, production, and sales of the four main electronic test and measurement instruments [6]

2024 年第三次临时股东大会会议资料 深圳市鼎阳科技股份有限公司 2024 年第三次临时股东大会 会 议 资 料 二〇二四年九月 1 一、公司负责本次股东大会的议程安排和会务工作，为确认出席大会的股东或其代理人 或其他出席者的出席资格，会议工作人员将对出席会议者的身份进行必要的核对工作，请被 核对者给予配合。 二、出席会议的股东及股东代理人须在会议召开前半小时到会议现场办理签到手续，并 按规定出示证券账户卡、身份证明文件或营业执照/注册证书复印件（加盖公章）、授权委托 书等，上述登记材料均需提供复印件一份，个人登记材料复印件须个人签字，法定代表人/执 行事务合伙人证明文件复印件须加盖公司/合伙企业公章，经验证后方可出席会议。会议开始 后，由会议主持人宣布现场出席会议的股东人数及其所持有表决权的股份总数，在此之后进 场的股东无权参与现场投票表决。 三、会议按照会议通知上所列顺序审议、表决议案。 四、股东及股东代理人依法享有发言权、质询权、表决权等权利。股东及股东代理人参 加股东大会应认真履行其法定义务，不得侵犯公司和其他股东及股东代理人的合法权益，不 得扰乱股东大会的正常秩序。 五、要求发言的股东及股东代理人 ...

Investment Rating - The report maintains a "Buy-A" rating for Dingyang Technology, with a target price of 27.9 CNY per share, representing a 30x dynamic P/E ratio for 2024 [6][10]. Core Insights - Dingyang Technology reported a revenue of 224 million CNY for the first half of 2024, a year-on-year decrease of 4.74%. The net profit attributable to shareholders was 58 million CNY, down 29.93% year-on-year [3][4]. - The company's high-end product strategy is showing positive results, with the average price of its four main products increasing by 8.3%. Products priced above 30,000 CNY grew by 15.7%, and those above 50,000 CNY increased by 36.1% [4]. - A new stock incentive plan was announced, targeting 101 key personnel, which reflects the company's confidence in future growth, particularly in high-end products [5]. Financial Performance Summary - Revenue and profit for the first half of 2024 were impacted by macroeconomic conditions, with some clients delaying or canceling orders for electronic measuring instruments. Additionally, the inventory pressure faced by distributors contributed to the revenue decline [4]. - R&D expenses increased by 30.6%, and sales expenses rose by 17.1%, negatively impacting the net profit margin by approximately 8.8 percentage points [4]. - The gross profit margin improved to 62% in the first half of 2024, up 1.04 percentage points from the same period in 2023, benefiting from the high-end product strategy [4]. Future Projections - Revenue projections for Dingyang Technology are estimated at 536 million CNY, 669 million CNY, and 818 million CNY for 2024, 2025, and 2026, respectively. Net profits are expected to be 148 million CNY, 196 million CNY, and 250 million CNY for the same years [6][11].

Investment Rating - The investment rating for the company is "Outperform the Market" [2][10][13] Core Views - The company's revenue decreased by 4.74% year-on-year in the first half of 2024, with a net profit decline of 29.93% [1][7] - The decline in revenue is attributed to the replacement and upgrade of information systems and the relocation of production facilities [1] - The company's high-end development strategy has shown significant results, with high-end products accounting for over 20% of total sales, leading to an 8.30% increase in average selling price [1][3] - The company is focusing on strengthening direct sales channels, which saw a 26.24% increase in revenue [1] - A stock incentive plan was introduced to promote high-quality development, targeting significant revenue and profit growth over the next three years [1] Financial Performance Summary - In the first half of 2024, the company achieved revenue of 224 million, down 4.74% year-on-year, and a net profit of 58 million, down 29.93% [1][4] - The gross margin was 62.00%, an increase of 1.04 percentage points, while the net margin decreased by 9.39 percentage points to 26.12% [1][7] - R&D and sales expenses increased by 30.55% and 17.06% respectively, reflecting the company's commitment to innovation and market expansion [1][3] - The company forecasts net profits of 166 million, 217 million, and 283 million for 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 23, 18, and 13 [1][11]

深圳市鼎阳科技股份有限公司 公司始终重视研发创新，注重将技术成果与市场需求深度融合，通过持续 高强度的研发投入，公司实现了产品与技术的持续迭代与优化升级。2024 年上 半年，公司研发费用为 4,393.12 万元，同比增长 30.55%，占营业收入的比例为 19.63%，同比提升 5.30 个百分点。2024 年上半年，公司研发人员数量为 219 人，研发人员占比提升至 46.11%，研发队伍进一步壮大。 一、深耕主业，强化核心竞争力 2024 年上半年，公司持续推进高端化发展战略，通过高强度的研发投入， 不断推出新产品，完善产品矩阵，提高公司的产品配套能力，加强渠道和品牌 的建设，不断提升公司的综合竞争力。具体措施如下： 1、坚持自主创新，不断加大研发投入 2,345.65 2,742.75 2,886.97 3,829.09 5,761.28 8,609.79 4,393.12 15.22% 14.47% 13.08% 12.60% 14.49% 17.82% 19.63% 2018 2019 2020 2021 2022 2023 2024H1 研发费用（万元） 占营业收入的比例 图 1：2018-2 ...

Investment Rating - The report maintains a "Buy" rating for the company [3]. Core Views - The company reported a decline in revenue and net profit for the first half of 2024, with revenue at 224 million yuan, down 4.74% year-on-year, and net profit at 58 million yuan, down 29.93% year-on-year [1]. - The company continues to invest heavily in R&D, with a R&D expense ratio of 19.63%, up 5.30 percentage points year-on-year, and has launched new high-end products, indicating a strategic shift towards higher-end markets [1]. - The high-end product ratio remains above 20%, contributing to an 8.30% increase in average selling price for main products, showcasing the effectiveness of the company's high-end strategy [1]. Financial Performance Summary - For 2024-2026, the company is expected to achieve revenues of 508 million, 559 million, and 664 million yuan, with year-on-year growth rates of 5.1%, 10.0%, and 19.0% respectively [2]. - The forecasted net profits for the same period are 120 million, 143 million, and 190 million yuan, with year-on-year growth rates of -22.8%, 19.3%, and 33.1% respectively [2]. - The current stock price corresponds to a 2025 P/E ratio of 27.0X [2]. Financial Metrics - The company's revenue for 2024 is projected at 508 million yuan, with a growth rate of 5.1% year-on-year [6]. - The expected net profit for 2024 is 120 million yuan, reflecting a decline of 22.8% compared to the previous year [6]. - The company's P/E ratio is projected to be 32.2 in 2024, decreasing to 27.0 in 2025 and further to 20.3 in 2026 [6][11].

Financial Performance - In the first half of 2024, the company achieved operating revenue of 223.75 million yuan and a net profit attributable to shareholders of 58.44 million yuan, with a net profit of 56.44 million yuan after deducting non-recurring gains and losses [3] - The gross profit margin increased to 62.00%, up 1.04 percentage points year-on-year, reflecting significant improvements in product structure and operational efficiency [4] Product Development - High-end products accounted for over 20% of total sales, driving an average price increase of main products year-on-year [3] - The company launched 4 new high-end products in 2024, contributing to a total of 11 new high-end products since 2020, showcasing continuous innovation [5] - R&D investment reached 43.93 million yuan, a year-on-year increase of 30.55%, representing 19.63% of operating revenue [4] Sales and Marketing - Direct sales revenue grew by 26.24% year-on-year, supported by a comprehensive product matrix and strong demand for high-end products [7] - The company has established subsidiaries in the US, Germany, and Japan, enhancing its global sales channels and reaching over 80 countries [8] Market Strategy - The company is focusing on the developed markets of Europe and North America, where demand is driven by product upgrades, while also targeting emerging markets in Asia, particularly India and Southeast Asia [9] - The competitive advantage in overseas markets is strengthened by a stable channel and brand accumulation, particularly for high-end RF and microwave products [9]

证券代码：688112 证券简称：鼎阳科技 公告编号：2024-040 深圳市鼎阳科技股份有限公司 关于召开 2024 年第三次临时股东大会的通知 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2024 年第三次临时股东大会 召开日期时间：2024 年 9 月 18 日 16 点 00 分 召开地点：深圳市宝安区新安街道兴东社区安通达工业园 1 栋 2 楼会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 9 月 18 日 至 2024 年 9 月 18 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联 股东大会召开日期：2024年9月18日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事 ...