Core Viewpoint - Daotong Technology has shown significant stock performance with a year-to-date increase of 47.63% and a market capitalization of 25.795 billion yuan as of September 16 [1][2]. Company Overview - Daotong Technology, established on September 28, 2004, and listed on February 13, 2020, is located in Shenzhen, Guangdong Province. The company specializes in the research, development, production, sales, and service of automotive intelligent diagnostic and detection analysis systems, as well as automotive electronic components [1]. - The revenue composition of Daotong Technology includes: automotive diagnostic products (29.61%), intelligent charging network solutions (22.34%), TPMS products (21.98%), AI and software (11.98%), ADAS products (8.85%), and other products and services (5.24%) [1]. Financial Performance - For the first half of 2025, Daotong Technology achieved an operating income of 2.345 billion yuan, representing a year-on-year growth of 27.35%. The net profit attributable to shareholders was 480 million yuan, with a year-on-year increase of 24.29% [2]. - Since its A-share listing, Daotong Technology has distributed a total of 1.025 billion yuan in dividends, with 575 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Daotong Technology had 19,400 shareholders, a decrease of 14.96% from the previous period. The average number of circulating shares per shareholder increased by 74.39% to 34,563 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 43.2716 million shares, an increase of 17.2622 million shares from the previous period. New entrants among the top ten circulating shareholders include Bosera CSI Star Market Artificial Intelligence ETF and Southern CSI 1000 ETF [3].

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2025-068 | | --- | --- | --- | | 转债代码：118013 | 转债简称：道通转债 | | 深圳市道通科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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、准确性和完整性依法承担法律责任。 投资者可于 2025 年 9 月 15 日（星期一）至 9 月 19 日（星期五）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 ir@autel.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。 深圳市道通科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 16 日 发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于2025年9月22日（星期一）9:00-10:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 ...

Core Viewpoint - The company is actively collaborating with leading foundational large model algorithms such as ChatGPT, DeepSeek, Llama, and Qwen to enhance its model capabilities and develop targeted domain-specific models based on business needs [2]. Group 1 - The company is engaged in algorithm innovation and application development, focusing on deepening its capabilities in the field of artificial intelligence [2]. - The collaboration with both domestic and international advanced foundational large model algorithms indicates a strategic approach to leverage cutting-edge technology [2].

Group 1 - The core viewpoint of the articles highlights the recent advancements and product launches by Daotong Technology, including AI-driven smart charging networks and various terminal products, showcasing the company's leadership in the industry [1][2] - Daotong Technology's revenue from its energy intelligence business reached 524 million yuan in the first half of 2025, marking a year-on-year growth of 40.47%, with other business segments also experiencing double-digit revenue growth [1] - The company is deepening its "comprehensive AI" strategy across its three main business segments, injecting strong growth momentum and promoting high-quality development [2] Group 2 - In the field of intelligent maintenance terminals, Daotong Technology is leveraging vast automotive diagnostic data and smart hardware to enhance digital repair scenarios, solidifying its global leading position [2] - The company has launched new products such as the Ultra S2 comprehensive diagnostic terminal and the IA1000 ADAS calibration platform, which have received high order volumes shortly after their release [2] - Daotong Technology is advancing its AI and robotics capabilities, focusing on integrated solutions that enable collaborative operations between aerial and ground robots [3]

Core Viewpoint - Daotong Technology has shown significant stock performance with a year-to-date increase of 54.50%, indicating strong market interest and potential growth in the automotive technology sector [1][2]. Company Overview - Daotong Technology, established on September 28, 2004, and listed on February 13, 2020, is located in Shenzhen, Guangdong Province. The company specializes in the research, development, production, sales, and service of automotive intelligent diagnostic and detection systems, as well as automotive electronic components [1]. - The company's revenue composition includes: automotive diagnostic products (29.61%), intelligent charging network solutions (22.34%), TPMS products (21.98%), AI and software (11.98%), ADAS products (8.85%), and other products and services (5.24%) [1]. Financial Performance - For the first half of 2025, Daotong Technology reported a revenue of 2.345 billion yuan, representing a year-on-year growth of 27.35%. The net profit attributable to shareholders was 480 million yuan, with a year-on-year increase of 24.29% [2]. - Since its A-share listing, Daotong Technology has distributed a total of 1.025 billion yuan in dividends, with 575 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Daotong Technology had 19,400 shareholders, a decrease of 14.96% from the previous period. The average number of circulating shares per shareholder increased by 74.39% to 34,563 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 43.2716 million shares, an increase of 17.2622 million shares from the previous period. New entrants among the top ten shareholders include the Bosera SSE STAR Market Artificial Intelligence ETF and the Southern CSI 1000 ETF [3].

Group 1 - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of a semi-annual profit distribution plan, changing from 22.55 CNY/share to 21.98 CNY/share [3][4][7] - The profit distribution plan involves a cash dividend of 5.8 CNY per 10 shares (including tax) for all shareholders, based on the total share capital minus shares held in the repurchase account [4][6] - The adjustment of the conversion price will be effective on the first trading day after the equity registration date following the profit distribution [3][5][7] Group 2 - The convertible bonds will suspend conversion from September 16, 2025, until the equity registration date, with resumption on the first trading day after the registration [2][5] - The company will disclose the relevant announcements regarding the profit distribution and conversion price adjustment on September 17, 2025 [5][6] - The adjusted cash dividend per share, calculated based on the total share capital, is approximately 0.57 CNY/share [7]

| 证券代码：688208 | 证券简称：道通科技 | 公告编号：2025-067 | | --- | --- | --- | | 转债代码：118013 | 转债简称：道通转债 | | 深圳市道通科技股份有限公司 | 118013 | 道通转债 | 可转债转股停 | 2025/9/16 | | | | | --- | --- | --- | --- | --- | --- | --- | | 证券代码 | 证券简称 | 停复牌类型 牌 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | 因实施权益分派，"道通转债"将相应调整转股价格，由22.55元/股调整为21.98 元/股，本次转股价格调整事项尚需公司董事会审议通过，转股价格调整实施 日期为权益分派股权登记日后的第一个交易日。 关于实施 2025 年半年度权益分派时可转债转股价格调整 暨转股连续停牌的提示性公告 一、2025 年半年度权益分派方案的基本情况 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、准确性和完整性依法承担法律责任。 重要内容提示： 因实施权益分派，深圳市道通科技股份有 ...

Core Insights - Daotong Technology (688208) recently held a global launch event in Berlin, introducing an AI-driven next-generation smart charging network and several platform-based terminal products, along with an AI inspection solution for efficient safety management of charging stations [1][2] - The company achieved a record net profit of 480 million yuan in the first half of 2025, representing a year-on-year increase of 24.29%, with a non-deductible net profit of 506 million yuan, up 74.56% [1] - The energy intelligence core business generated revenue of 524 million yuan in the first half of the year, marking a growth of 40.47%, while the other two major businesses, maintenance smart terminals and AI/software, also saw double-digit revenue growth of 22.96% and 30.13%, respectively [2] Business Developments - Daotong Technology launched new terminal products such as the MaxiCharger DS600L and MaxiCharger DT1000, utilizing self-developed liquid cooling power modules, creating an end-to-end solution from power modules to intelligent charging centers [1] - The company reported a net cash flow from operating activities of 298 million yuan, with cash and cash equivalents at the end of the period amounting to 1.667 billion yuan, indicating a strategic increase in inventory to meet the rapid growth of the energy intelligence core business [2] Strategic Focus - In 2025, Daotong Technology aims to deepen its "comprehensive AI" strategy, integrating AI technology across its three main business segments [3] - The maintenance smart terminal business is advancing AI Agents capabilities, with the new Ultra S2 diagnostic terminal achieving sales equivalent to six months of the previous model's sales within its first month [3] - The company is expanding its business footprint in emerging markets through partnerships with industry leaders like Mer, Shell, Circle K, and LAZ Parking, focusing on end-to-end smart charging network solutions and one-stop energy management solutions [3]

Group 1 - The core viewpoint of the news is that Daotong Technology's stock has experienced a decline of 5.01%, with a current price of 36.63 CNY per share and a total market capitalization of 24.549 billion CNY [1] - Daotong Technology, established on September 28, 2004, specializes in automotive intelligent diagnostic and detection systems, as well as automotive electronic components [1] - The company's main revenue sources include automotive diagnostic products (29.61%), intelligent charging network solutions (22.34%), TPMS products (21.98%), AI and software (11.98%), ADAS products (8.85%), and other products and services (5.24%) [1] Group 2 - From the perspective of fund holdings, one fund under Puyin Ansheng has a significant position in Daotong Technology, with 9,600 shares held, representing 2.07% of the fund's net value [2] - The Puyin Ansheng Science and Technology Innovation Board 100 Index Enhanced A fund has achieved a year-to-date return of 39.76% and ranks 642 out of 4222 in its category [2] Group 3 - The fund manager of Puyin Ansheng Science and Technology Innovation Board 100 Index Enhanced A is Sun Chenjin, who has a tenure of 10 years and 176 days, with a total fund size of 1.239 billion CNY [3] - The other fund manager, Luo Wen, has a tenure of 7 years and 230 days, managing a fund size of 849 million CNY [3]

Group 1 - The core viewpoint of the news highlights the strong performance of the domestic AI industry, particularly the rise of the Science and Technology Innovation Artificial Intelligence ETF (589520), which saw an intraday increase of over 2.5% [1] - The AI industry is experiencing a series of catalytic events, including the development of an advanced AI model by DeepSeek, which aims to compete with global players like OpenAI, with expectations for a commercial explosion in AI agents by 2025 [3] - Huawei's recent launch of the Mate XTs foldable smartphone, featuring the Kirin 9020 chip, marks a significant return of the Kirin brand after four years, indicating a boost in the domestic supply chain [4] Group 2 - Apple's upcoming product launch on September 9 is anticipated to further stimulate the supply chain, with analysts suggesting that the combination of tariff resolutions and increased AI investments will lead to a valuation recovery for Apple suppliers [5] - The current market trend in the semiconductor sector is seen as a rebound in domestic capabilities, with expectations for significant growth in domestic computing power, particularly in AI applications [5] - The Science and Technology Innovation Artificial Intelligence ETF (589520) is positioned to benefit from policy support and the trend of domestic substitution, focusing on companies that are well-placed in the AI industry chain [6] Group 3 - The ETF's top holdings reflect a high concentration in the semiconductor sector, which accounts for nearly half of the fund's assets, indicating a strong offensive strategy [6][7] - As of July 31, 2025, the top ten holdings of the ETF represent over 67% of the fund's net asset value, showcasing a focused investment approach [9]