Core Insights - Daotong Technology reported strong financial performance for Q1 2025, with revenue of 1.094 billion yuan, a year-on-year increase of 26.71%, and a net profit of 199 million yuan, up 59.91% year-on-year [1] - The company has strategically emphasized AI and software as a separate business segment, reflecting its commitment to AI-driven solutions [2][3] Financial Performance - Q1 2025 revenue reached 1.094 billion yuan, a 26.71% increase year-on-year [1] - Net profit for the same period was 199 million yuan, showing a significant growth of 59.91% year-on-year [1] - Operating cash flow net amount was 279 million yuan, up 35.75% year-on-year, indicating improved profitability and cash flow quality [1] AI and Software Business - AI and software business revenue reached 137 million yuan in Q1 2025, a 36% increase year-on-year, with a gross margin of 99% [2] - The company launched new products like the Ultra S2 diagnostic tablet, integrating self-developed AI models and voice assistant features [2] - Future developments include more AI agents to enhance automotive diagnostics' intelligence and efficiency [2] Digital Energy Business - Digital energy business revenue was 212 million yuan, a 35% increase year-on-year, with significant progress in North America and Europe [5] - The company secured a major order from LAZ Parking, valued at 240 million yuan, marking a strategic partnership in the North American market [5] - Daotong's digital energy solutions are now present in over 28 countries in Europe, enhancing its market influence [5] Digital Repair Business - The digital repair business generated 731 million yuan in Q1 2025, a 24% increase year-on-year, maintaining a leading position in the market [4] - The TPMS series saw approximately 60% growth, supported by innovative products like Ultra S2 and MS909PRO [4] - Daotong became a member of the European Workshop-Net alliance, strengthening its presence in the European market [4] Strategic Direction - The company is focused on integrating AI as a core driver for innovation and enhancing its competitive strength across three business lines [6] - Daotong aims to establish a commercial closed-loop through technology research, ecosystem building, and scene implementation, positioning itself as a leader in AI and robotics applications [7]

Investment Rating - The report maintains a "Recommended" rating for the company [2][5]. Core Viewpoints - The company demonstrated resilient performance in Q1 2025, achieving revenue of 1.094 billion yuan, a year-on-year increase of 26.71%, and a net profit attributable to shareholders of 199 million yuan, up 59.91% [2][3]. - The digital maintenance business (excluding software) generated revenue of 731 million yuan, growing approximately 24%, with the TPMS series increasing by about 60%. The digital energy business (excluding charging cloud services) achieved revenue of 212 million yuan, a growth of around 35%. AI and software business revenue reached 137 million yuan, up about 36%, with charging cloud orders increasing by 80% [3][4]. - The company is proactively addressing tariff impacts by adjusting product prices and establishing overseas production bases, including a factory in North Carolina, USA, set to commence production by the end of 2023 [3][4]. Financial Forecasts - The company is projected to achieve revenues of 4.81 billion, 5.99 billion, and 7.50 billion yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 22.4%, 24.4%, and 25.3% [5][6]. - Net profit attributable to shareholders is expected to be 795 million, 982 million, and 1.233 billion yuan for the same years, with growth rates of 24.0%, 23.6%, and 25.5% [5][6]. - The current stock price corresponds to a price-to-earnings ratio of 22, 18, and 14 for 2025, 2026, and 2027, respectively [5][6].

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2025-035 | | --- | --- | --- | | 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 第四届监事会第十三次会议决议公告 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。 一、监事会会议召开情况 深圳市道通科技股份有限公司（以下简称"公司"）第四届监事会第十三次会议 于 2025 年 4 月 25 日在公司会议室以现场结合通讯方式召开，会议通知于 2025 年 4 月 18 日以邮件、电话或其他通讯方式送达至公司全体监事。会议应出席监事 3 名， 实际出席监事 3 名，本次会议由监事会主席瞿松松先生召集并主持。本次会议的召 集和召开程序符合《中华人民共和国公司法》（以下简称"《公司法》"）和《深圳市 道通科技股份有限公司章程》（以下简称"《公司章程》"）等相关规定，会议形成的 决议合法、有效。 二、监事会会议审议情况 与会监事就以下议案进行了审议： （一）《关于<2025 年第一季度报告>的议案》 ...

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2025-034 | | --- | --- | --- | | 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 第四届董事会第二十次会议决议公告 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。 一、董事会会议召开情况 深圳市道通科技股份有限公司（以下简称"公司"）第四届董事会第二十次 会议于 2025 年 4 月 25 日在公司会议室以现场结合通讯方式召开，会议通知于 2025 年 4 月 18 日以邮件、电话或其他通讯方式送达至公司全体董事。本次会 议由董事长李红京先生召集并主持，应到董事 7 人，实到董事 7 人。本次会议 的召集和召开程序符合《中华人民共和国公司法》和《深圳市道通科技股份有限 公司章程》等相关规定，会议形成的决议合法、有效。 二、董事会会议审议情况 与会董事就各项议案进行了审议，并表决通过以下事项： 1、《关于<2025 年第一季度报告>的议案》 表决情况：同意 7 票，弃权 0 票，反对 0 票。 ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,093,779,525.58, representing a year-on-year increase of 26.71% compared to ¥863,227,597.54 in the same period last year[4] - Net profit attributable to shareholders was ¥199,492,887.25, a significant increase of 59.91% from ¥124,750,747.58 in the previous year[4] - Basic earnings per share rose to ¥0.45, marking a 60.71% increase compared to ¥0.28 in the previous year[5] - Total revenue for Q1 2025 reached ¥1,093,779,525.58, a 27% increase from ¥863,227,597.54 in Q1 2024[21] - Net profit for Q1 2025 was ¥186,093,020.20, a 62% increase from ¥115,171,363.32 in Q1 2024[22] - Earnings per share for Q1 2025 were ¥0.45, up from ¥0.28 in Q1 2024[23] - The company reported a total comprehensive income of ¥174,904,521.95 for Q1 2025, compared to ¥98,681,660.61 in Q1 2024, reflecting a significant increase[23] Cash Flow and Assets - The net cash flow from operating activities was ¥279,379,460.48, reflecting a 35.75% increase from ¥205,805,351.58 in the same period last year[5] - As of March 31, 2025, the company's cash and cash equivalents increased to ¥2,028,109,489.11 from ¥1,828,676,048.69 as of December 31, 2024, representing a growth of approximately 10.9%[17] - The total current assets reached ¥4,731,905,239.96, up from ¥4,244,765,116.24, indicating an increase of about 11.5%[17] - The company's inventory rose to ¥1,302,727,599.64 from ¥1,151,135,380.05, reflecting a growth of approximately 13.2%[17] - The total assets at the end of the reporting period were ¥6,790,601,021.60, an increase of 7.66% from ¥6,307,590,501.10 at the end of the previous year[5] - Total liabilities rose to ¥3,174,936,486.82 in Q1 2025, up from ¥2,884,826,080.53 in Q1 2024, an increase of 10%[19] - The company's equity attributable to shareholders increased to ¥3,764,066,820.35 in Q1 2025, compared to ¥3,557,794,019.86 in Q1 2024, a growth of 5.8%[19] Research and Development - Research and development expenses totaled ¥203,912,546.92, which is 18.64% of operating revenue, up from 17.55% in the previous year[5] - R&D expenses increased to ¥183,521,292.26 in Q1 2025, compared to ¥142,318,177.98 in Q1 2024, reflecting a 29% rise[22] Business Segments - The company's digital repair business (excluding software) generated revenue of ¥731 million, a year-on-year growth of approximately 24%, with the TPMS series growing about 60%[10] - The AI and software business achieved revenue of ¥137 million, reflecting a year-on-year increase of approximately 36%, with charging cloud orders growing by 80%[10] Shareholding Structure - The company reported a total of 168,491,606 shares held by the largest shareholder, Li Hongjing, representing 37.29% of total shares[14] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 26,009,349 shares, accounting for 5.76% of total shares[14] - The company has no significant changes in the shareholding structure among the top ten shareholders compared to the previous period[15] Strategic Focus - The company is focusing on AI-driven strategies, developing multi-modal large models and AI applications in automotive diagnostics, charging, energy, and transportation[11] - The company aims to become a leader in AI and robotics industry applications, with ongoing investments in smart charging networks and energy management solutions[11] - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the call[16] Operational Status - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[16]

| 证券代码：688208 | 证券简称：道通科技 | 公告编号：2025-033 | | --- | --- | --- | | 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 关于实施 2024 年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 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： 证券停复牌情况：适用 因实施权益分派，深圳市道通科技股份有限公司（以下简称"公司"）的相关 证券停复牌情况如下：权益分派公告前一交易日（2025 年 5 月 6 日）至权益分派 股权登记日期间，公司可转债将停止转股。 | 118013 | 道通转债 | 可转债转股停 | 2025/5/6 | | | | | --- | --- | --- | --- | --- | --- | --- | | 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 | 上述权益分派方案已经 2025 年 4 月 18 日召开的公司 2 ...

2024年携手全球客户减排8.8万吨二氧化碳……深圳市道通科技股份有限公司近日正式发布《道通科技 2024可持续发展报告》。这也是公司所发布的第三份可持续发展报告。报告系统披露了公司在低碳绿色 发展、科技创新、公司治理以及社会责任等ESG领域的实践成果，充分展现了公司深入贯彻可持续发展 理念，引领社会积极变革的责任担当。 作为数字维修解决方案全球领导者、光储充数智能源领域的全球领军企业，道通科技将ESG理念融入公 司运营全过程，与顶层管理架构融合，确保公司可持续发展理念得到有效贯彻。2024年，道通科技继续 开展可持续发展议题的识别，并将应对气候变化、创新驱动、数据安全与客户隐私保护、公司治理、知 识产权保护等6项议题作为核心议题进行披露与回应。 绿色产品助力全球低碳发展 携客户减排8.8万吨二氧化碳 在环保实践上，道通科技长期致力于国家环保事业，通过持续探索与创新，积极推动绿色发展。为响应 国家 "双碳" 目标，公司依据TCFD框架搭建了气候风险治理体系，并完善了相关披露机制。 通过推出智能充电网络解决方案等绿色产品与服务，道通科技持续为节约能源、减少碳排放作出突出贡 献。据公司披露，2024年全球客户通过 ...

中信证券股份有限公司 2024 年持续督导工作现场检查报告 关于深圳市道通科技股份有限公司 上海证券交易所： 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中信证券股份有限公司（以下简称"中信证券"、"保荐人"） 作为正在履行深圳市道通科技股份有限公司（以下简称"道通科技"、"上市公司"、 "公司"）持续督导工作的保荐人，对 2024 年度（以下简称"本持续督导期间"） 的规范运作情况进行了现场检查，现就现场检查的有关情况报告如下： 一、本次现场检查的基本情况 （一）保荐人 中信证券股份有限公司 （二）保荐代表人 马孝峰、金田 （三）现场检查时间 2025 年 3 月 26 日、2025 年 4 月 18 日 （四）现场检查人员 马孝峰、邱志飞、张腾 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 进行了现场检查，具体检查内容详见本报告"二、本次现场检查主要事项及意见"。 （六）现场 ...

中信证券股份有限公司 关于深圳市道通科技股份有限公司 2024 年度持续督导跟踪报告 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为深圳市 道通科技股份有限公司（以下简称"道通科技"或"公司"或"上市公司"）向 不特定对象发行可转换公司债券项目的保荐人，根据《证券发行上市保荐业务管 理办法》《上海证券交易所科创板股票上市规则》等相关规定，中信证券履行持 续督导职责，并出具本持续督导 2024 年度跟踪报告。 一、持续督导工作概述 1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现场 检查的工作要求。 2、保荐人已与公司签订保荐协议，该协议已明确了双方在持续督导期间的 权利义务，并报上海证券交易所备案。 3、本持续督导期间，保荐人通过与公司的日常沟通、现场回访等方式开展 持续督导工作，并于 2025 年 3 月 26 日、2025 年 4 月 18 日对公司进行了现场检 查。 4、本持续督导期间，保荐人根据相关法规和规范性文件的要求履行持续督 导职责，具体内容包括： （1）查阅公司章程、三会议事规则等公司治理制度、三会会议材料； （2）查阅公司财务管理、会计核算和内部审计等内部控制制 ...

Core Viewpoint - The company, Autel Technology Co., Ltd., will participate in the 2024 annual performance briefing for the artificial intelligence and software industry on April 29, 2025, to discuss its 2024 annual report and address investor inquiries [2][3][4]. Group 1: Meeting Details - The performance briefing is scheduled for April 29, 2025, from 15:00 to 17:00 [4]. - The meeting will be held at the Shanghai Stock Exchange's Roadshow Center and will be conducted in an online text interaction format [4][5]. - Investors can submit questions from April 22 to April 28, 2025, through the Roadshow Center website or via the company's email [5][6]. Group 2: Participants - Key participants in the meeting will include the Chairman and General Manager, Mr. Li Hongjing, the Independent Director, Ms. Liang Danni, and the Secretary of the Board, Mr. Li Xiongwei [4]. Group 3: Contact Information - Investors can contact the Board Office at phone number 0755-81593644 or via email at ir@autel.com for inquiries [6].