| 产品名称 | 产品型号 | 产品性能指标 | | --- | --- | --- | | SDM4075A 系列 7½位数字万用表 | SDM4075A | 读数分辨率：7½位 | | | | 读数速率：高达 50k rdgs/s | | | | 采样间隔：0.001PLC-100PLC | | | | 内部存储空间：大至 点（支持时间戳） 2M | | | | 内置数字化仪：采样率最高 2MSa/s，最大单次可 | | | | 采集 点，带宽 2M 15kHz | | | | 支持机械开关切换前后面板信号输入 带宽：8GHz | | | | 差分输入电容：300 fF | | SAP8000D | SAP8000D | 差分输入电阻：20kΩ | | 有源差分探头 | | 单端输入电阻：10kΩ | | | | 直流衰减比：10:1 | | | | 输入动态范围：±2.5V | 重要内容提示： 2025 年 9 月 17 日，深圳市鼎阳科技股份有限公司（以下简称"鼎阳科 技"、"公司"）正式公开发布可精准捕获微小信号的 SDM4075A 系列 7½位数字万用表和具备8GHz带宽与300fF超低输入电容的 ...

SAP8000D有源差分探头，具备8GHz带宽和300fF超低输入电容，支持差分与单端测量，具有优异的共 模抑制性能，适用于PCIe、DDR、 USB3.0、千兆以太网等高速串行总线验证，信号完整性分析及高频 电路调试。可搭配多种配件，广泛应用于灵活适应焊接、手持或夹具等不同测试场景。 SDM4075A拥有7½位读数分辨率，能够检测纳伏级电压、皮安级电流和微欧级电阻的细微变化，助力 低功耗电路设计、高精度传感器和新材料研究测试。其宽动态测量范围覆盖低功耗电流到30A大电流， 不仅能精准分析IoT设备在待机与工作状态下的功耗，还能满足大功率器件的测试需求。可广泛应用于 制造业、自动化、电路设计等领域。 本次新产品的发布，体现了公司的技术创新能力、市场应变能力和产品开发能力，进一步丰富了公司的 产品矩阵和产品形态，拓宽了公司产品的应用场景和使用范围，将有助于巩固和提升公司的综合竞争 力，对公司未来的发展将产生积极的影响。 智通财经APP讯，鼎阳科技(688112.SH)发布公告，2025年9月17日，公司正式公开发布可精准捕获微小 信号的SDM4075A系列7½位数字万用表和具备8GHz带宽与300fF超低输入电 ...

SAP8000D有源差分探头，具备8GHz带宽和300fF超低输入电容，支持差分与单端测量，具有优异的共 模抑制性能，适用于PCIe、DDR、USB3.0、千兆以太网等高速串行总线验证，信号完整性分析及高频 电路调试。可搭配多种配件，广泛应用于灵活适应焊接、手持或夹具等不同测试场景。 本次新产品的发布，体现了公司的技术创新能力、市场应变能力和产品开发能力，进一步丰富了公司的 产品矩阵和产品形态，拓宽了公司产品的应用场景和使用范围，将有助于巩固和提升公司的综合竞争 力，对公司未来的发展将产生积极的影响。 鼎阳科技(688112.SH)发布公告，2025年9月17日，公司正式公开发布可精准捕获微小信号的SDM4075A 系列7位数字万用表和具备8GHz带宽与300fF超低输入电容的SAP8000D有源差分探头。 SDM4075A拥有7位读数分辨率，能够检测纳伏级电压、皮安级电流和微欧级电阻的细微变化，助力低 功耗电路设计、高精度传感器和新材料研究测试。其宽动态测量范围覆盖低功耗电流到30A大电流，不 仅能精准分析IoT设备在待机与工作状态下的功耗，还能满足大功率器件的测试需求。可广泛应用于制 造业、自动化、电路设 ...

格隆汇9月17日丨鼎阳科技(688112.SH)公布，2025年9月17日，深公司正式公开发布可精准捕获微小信 号的SDM4075A系列7½位数字万用表和具备8GHz带宽与300fF超低输入电容的SAP8000D有源差分探 头。 本次新产品的发布，体现了公司的技术创新能力、市场应变能力和产品开发能力，进一步丰富了公司的 产品矩阵和产品形态，拓宽了公司产品的应用场景和使用范围，将有助于巩固和提升公司的综合竞争 力，对公司未来的发展将产生积极的影响。 SDM4075A拥有7½位读数分辨率，能够检测纳伏级电压、皮安级电流和微欧级电阻的细微变化，助力 低功耗电路设计、高精度传感器和新材料研究测试。其宽动态测量范围覆盖低功耗电流到30A大电流， 不仅能精准分析IoT设备在待机与工作状态下的功耗，还能满足大功率器件的测试需求。可广泛应用于 制造业、自动化、电路设计等领域。SAP8000D有源差分探头，具备8GHz带宽和300fF超低输入电容， 支持差分与单端测量，具有优异的共模抑制性能，适用于PCIe、DDR、USB3.0、千兆以太网等高速串 行总线验证，信号完整性分析及高频电路调试。可搭配多种配件，广泛应用于灵活适应焊 ...

本次新产品的发布，体现了公司的技术创新能力、市场应变能力和产品开发能力，进一步丰富了公司的 产品矩阵和产品形态，拓宽了公司产品的应用场景和使用范围，将有助于巩固和提升公司的综合竞争 力，对公司未来的发展将产生积极的影响。 SDM4075A拥有7½位读数分辨率，能够检测纳伏级电压、皮安级电流和微欧级电阻的细微变化，助力 低功耗电路设计、高精度传感器和新材料研究测试。其宽动态测量范围覆盖低功耗电流到30A大电流， 不仅能精准分析IoT设备在待机与工作状态下的功耗，还能满足大功率器件的测试需求。可广泛应用于 制造业、自动化、电路设计等领域。SAP8000D有源差分探头，具备8GHz带宽和300fF超低输入电容， 支持差分与单端测量，具有优异的共模抑制性能，适用于PCIe、DDR、USB3.0、千兆以太网等高速串 行总线验证，信号完整性分析及高频电路调试。可搭配多种配件，广泛应用于灵活适应焊接、手持或夹 具等不同测试场景。 格隆汇9月17日丨鼎阳科技(688112.SH)公布，2025年9月17日，深公司正式公开发布可精准捕获微小信 号的SDM4075A系列7½位数字万用表和具备8GHz带宽与300fF超低输入电容的 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5][3][21] Core Views - The company achieved a revenue of 279 million yuan in the first half of 2025, representing a year-on-year growth of 24.61%, while the net profit attributable to the parent company reached 77 million yuan, up 31.54% year-on-year [1][3] - The company maintains a high gross margin of 60.06% and a net margin of 27.57%, with a focus on high R&D and sales investments to support future growth [2][3] - The proportion of high-end products continues to increase, with high-end product revenue growing by 71.92% year-on-year, indicating a successful high-end strategy [2][3] Financial Performance - For the first half of 2025, the company reported a gross profit margin of 60.06% and a net profit margin of 27.57%, with R&D expenses at 21.60% of revenue [2][3] - The company forecasts net profits of 167 million yuan, 217 million yuan, and 279 million yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 36, 28, and 22 [3][4] - The projected revenue growth rates for the years 2025 to 2027 are 24.8%, 24.9%, and 25.5% respectively, indicating a stable growth trajectory [4][3]

Group 1 - The core point of the article is that Dingyang Technology (688112) has filed an international patent application for a data processing method and device for physical downlink shared channels, with the application number PCT/CN2024/135003 and an international publication date of August 28, 2025 [1] Group 2 - In 2023, Dingyang Technology has published three international patent applications, which is a 25% decrease compared to the same period last year [4] - The company invested 60.22 million yuan in research and development in the first half of 2023, representing a year-on-year increase of 37.08% [4]

Core Viewpoint - Dingyang Technology experienced a decline of 1.18% on August 27, with a trading volume of 179 million yuan, indicating a potential shift in investor sentiment [1] Financing Summary - On August 27, Dingyang Technology had a financing buy-in amount of 23.68 million yuan and a financing repayment of 24.86 million yuan, resulting in a net financing buy of -1.18 million yuan [1] - The total financing and securities balance as of August 27 was 177 million yuan, which accounts for 2.88% of the circulating market value, indicating a high level compared to the past year [1] - The company had no short selling activity on August 27, with a short selling balance of 0.00 yuan, also reflecting a high level compared to the past year [1] Business Performance - As of June 30, Dingyang Technology reported a total of 5,205 shareholders, a decrease of 7.24% from the previous period, while the average circulating shares per person increased by 7.80% to 30,585 shares [2] - For the first half of 2025, Dingyang Technology achieved an operating income of 279 million yuan, representing a year-on-year growth of 24.61%, and a net profit attributable to shareholders of 76.88 million yuan, up 31.54% year-on-year [2] Dividend Information - Since its A-share listing, Dingyang Technology has distributed a total of 362 million yuan in dividends, with 312 million yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, E Fund Active Growth Mixed Fund held 2.72 million shares, a decrease of 236,000 shares from the previous period [3] - China Europe Information Technology Mixed Fund A entered as a new shareholder with 2.02 million shares, while Hong Kong Central Clearing Limited reduced its holdings to 1.65 million shares [3]

Core Viewpoint - The financing activities of Dingyang Technology indicate a modest level of investor interest, with a net sell-off observed in recent trading days [1] Financing Summary - On August 22, Dingyang Technology recorded a financing buy amount of 0.18 billion, ranking 1175th in the two markets, with a financing repayment amount of 0.21 billion, resulting in a net sell of 3.28 million [1] - Over the last three trading days (August 20-22), Dingyang Technology received financing buys of 0.20 billion, 0.18 billion, and 0.18 billion respectively [1] Securities Lending Summary - On the same day, there were no shares sold short, resulting in a net sell of 0.00 shares [1]

Core Insights - As of August 19, a total of 138 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more [1] - The stock with the longest streak of net buying is Jichuan Pharmaceutical, which has seen net buying for 14 consecutive trading days [1] - Other notable stocks with significant net buying days include Dingyang Technology, Suzhou Bank, Zhongzhi Holdings, ST Guangwu, Zheshang Bank, Tebao Biological, Yangmei Chemical, and Dong'e Ejiao [1]