Core Viewpoint - LAZ Parking has appointed Daotong Technology as the exclusive supplier of charging stations, signing an initial order worth 238 million yuan, which expands the company's business in the U.S. and demonstrates resilience against tariff policies [1] Investment Highlights - The company maintains a "Buy" rating with a target price of 47.06 yuan, benefiting from significant orders in the U.S. despite tariff impacts, and expanding its presence in North America [2] - The partnership with LAZ Parking aims to provide high-quality charging solutions to meet the growing demand for electric vehicle charging in North America, aligning with industry trends [2] - The North American commercial parking market has over 7 million parking lots, with a projected demand for nearly 1.8 million charging stations, indicating a market size of 60 billion yuan [3] Market Confidence - The company has successfully secured large orders despite tariff challenges, enhancing market confidence in its operational resilience [3] - Following a reduction in tariffs on products from Vietnam, the company plans to increase prices of its digital energy products by 7%-10% to cover existing tariff burdens, yet continues to receive substantial orders [3]

证券代码：688208 证券简称：道通科技 公告编号：2025-032 深圳市道通科技股份有限公司 2024 年年度股东大会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 4 月 18 日 （二） 股东大会召开的地点：深圳市南山区西丽街道松坪山社区高新北六道 36 号彩虹科技大楼一层公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 221 | | --- | --- | | 普通股股东人数 | 221 | | 2、出席会议的股东所持有的表决权数量 | 197,902,388 | | 普通股股东所持有表决权数量 | 197,902,388 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 44.4206 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） ...

北京市中伦（深圳）律师事务所 关于深圳市道通科技股份有限公司 2024 年年度股东大会的 法律意见书 二〇二五年四月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦（深圳）律师事务所 关于深圳市道通科技股份有限公司 2024 年年度股东大会的 法律意见书 致：深圳市道通科技股份有限公司 根据《中华人民共和国公司法》（下称"《公司法》"）、《中华人民共和 国证券法》、中国证券监督管理委员会发布的《上市公司股东大会规则》（下称 "《股东大会规则》"）、《上海证券交易所科创板股票上市规则》（下称 ...

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2025-031 | | --- | --- | --- | | 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 关于参加 2024 年度科创板人工智能及软件行业 集体业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 4 月 29 日（星期二）15:00-17:00 会议召开地点：上海证券交易所（以下简称"上交所"）上证路演中心（网 址：https://roadshow.sseinfo.com/） 的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、方式 （一）会议召开时间：2025 年 4 月 29 日（星期二）15:00-17:00 （二）会议召开地点：上交所上证路演中心 （http://roadshow.sseinfo.com/） （三）会议召开方式：网络文字互动 会议召开方式：网络文字互动 投资者可于 2025 年 4 月 22 日（星期二）至 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [5][7]. Core Insights - The company has secured a significant order worth 238 million RMB from LAZ Parking, the largest commercial parking operator in North America, to supply 50,000 commercial AC charging piles [2][3]. - The North American market for parking lot charging piles is projected to have a demand for nearly 1.8 million units, corresponding to a market size of up to 60 billion RMB, indicating substantial growth potential [3]. - The company is proactively addressing potential trade risks by increasing safety stock in the U.S. and planning to establish a factory in Mexico to mitigate tariff impacts [4]. Financial Projections - The company is expected to achieve revenues of 47.51 billion RMB, 56.44 billion RMB, and 65.84 billion RMB for the years 2025, 2026, and 2027, respectively [5][9]. - The projected net profit attributable to the parent company is forecasted to be 7.69 billion RMB, 9.26 billion RMB, and 10.91 billion RMB for the same years [5][9]. - Earnings per share (EPS) are estimated to be 1.70 RMB, 2.05 RMB, and 2.42 RMB for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (P/E) ratios of 20.09, 16.68, and 14.16 [5][9].

Investment Rating - Maintain Outperform rating with a target price of RMB 47.06 [4][6] Core Viewpoints - The company has demonstrated resilience against tariff impacts by securing significant orders in the U.S., thereby expanding its North American presence [4][6] - The industry is experiencing consolidation, which is expected to enhance market opportunities for the company [4][6] - The partnership with LAZ Parking aims to build a large-scale charging network to meet the growing demand for NEV charging in North America [7][8] - The North American commercial parking market presents vast growth potential, with an estimated demand for nearly 1.8 million charging poles and a market size of RMB 60 billion [8] - The company has effectively managed tariff challenges by implementing a price increase of 7%-10% on U.S. digital energy products, which has not hindered order acquisition [9] Financial Data and Forecasts - Projected revenue growth from RMB 3,251 million in 2023 to RMB 7,251 million by 2027, reflecting a CAGR of approximately 21.5% [3] - Net profit (attributable to the parent) is expected to increase from RMB 179 million in 2023 to RMB 1,131 million in 2027, with a significant growth rate of 75.7% in 2024 [3] - Earnings per share (EPS) forecasted to rise from RMB 0.40 in 2023 to RMB 2.50 in 2027 [3] - The company’s return on equity (ROE) is projected to improve from 5.6% in 2023 to 24.3% in 2027 [3]

Core Viewpoint - DAOTONG Technology has been selected as the exclusive supplier of charging stations by LAZ Parking, North America's largest commercial parking operator, marking a significant step in expanding its presence in the North American market [1][3]. Group 1: Business Development - DAOTONG has won a major contract to supply 50,000 commercial AC charging stations in North America, with a total value of 238 million yuan [2][3]. - The company’s smart energy business includes a range of charging solutions such as "DC fast charging" and "AC home and commercial integrated" charging stations, along with comprehensive cloud services for smart operations and maintenance [3]. - The partnership with LAZ Parking is expected to open up further collaboration opportunities with other commercial parking operators, energy companies, public utilities, automotive manufacturers, and retail chains [3]. Group 2: Market Potential - The overseas charging market is projected to reach approximately 80 billion yuan annually by 2025, with expectations to grow to about 120 billion yuan by 2030, indicating a vast market opportunity [3]. - DAOTONG's AI integration in its products and services, including the development of an APP voice assistant and a smart charging station management platform, enhances its smart energy business prospects [3][5]. Group 3: Financial Performance - In 2024, DAOTONG achieved a revenue of 3.932 billion yuan, a year-on-year increase of 20.95%, with the smart energy business growing by 52.98% to 867 million yuan [4]. - The company reported a net profit of 641 million yuan in 2024, a significant increase of 257.59%, with a strong cash flow of 748 million yuan, reflecting high profitability [4]. - For Q1 2025, the company anticipates a net profit between 180 million to 200 million yuan, representing a year-on-year growth of 44.29% to 60.32% [4]. Group 4: Strategic Initiatives - DAOTONG has established overseas production bases in Shenzhen, Vietnam, and North Carolina, enhancing its global supply chain resilience amid ongoing trade tensions [6]. - The company has launched an AI-driven integrated aerial and ground cluster intelligence solution, marking the beginning of its third growth curve in the AI robotics sector [5][7].

道通科技(688208.SH) 中标北美大额订单，全面拥抱AI赋能业务发展 推荐 ( 维持) 股价:35.06元 公 司 报 告 计算机 2025年04月15日 行情走势图 证券分析师 | 闫磊 | 投资咨询资格编号 | | --- | --- | | | S1060517070006 | | | YANLEI511@pingan.com.cn | 黄韦涵 投资咨询资格编号 S1060523070003 HUANGWEIHAN235@pingan.com.cn 事项： 根据道通科技公司官网信息，近日，北美最大商用停车场运营商LAZ Parking 宣布加速旗下停车场充电桩部署，正式选择道通科技作为充电桩独家供应商。 第一阶段，道通中标北美地区5万个商用交流充电桩，合计金额2.38亿元。 平安观点： 券 研究助理 | | S1060123070023 | | --- | --- | | 王佳一 | 一般证券从业资格编号 WANGJIAYI446@pingan.com.cn | | | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- ...

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向不特定对象发行可转 换公司债券持续督导保荐总结报告书 | | | 一、发行人基本情况 | 公司名称 | 深圳市道通科技股份有限公司 | | --- | --- | | 英文名称 | Autel Intelligent Technology Corp.,Ltd. | | 证券代码 | 688208.SH | | 总股本 | 451,877,086 股 | | 注册地址 | 深圳市南山区西丽街道松坪山社区高新北六道 36 号彩虹科技大楼 二层 | | 法定代表人 | 李红京 | | 实际控制人 | 李红京 | | 本次证券发行类型 | 公开发行可转换债券 | | 本次证券上市时间 | 2022 年 7 月 26 日 | | 本次证券上市地点 | 上海证券交易所 | 二、本次发行情况概述 根据中国证券监督管理委员会（以下简称"中国证监会"）《关于同意深圳 市道通科技股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监 许可〔2022〕852 号），公司由主承销商中信证券采用向公司原股东优先配售， 原股东优先配售后余额部分（含原股东放弃优先配售部分）网上通 ...

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [1][11]. Core Viewpoints - The recent partnership with LAZ Parking, North America's largest commercial parking operator, significantly expands the company's digital energy solutions business, marking a strong collaboration to capture the parking lot charging station market [2][3]. - The North American commercial parking lot market has a substantial existing inventory, with increasing penetration of new energy vehicles driving demand for charging station deployments, indicating a broad market potential [2][6]. - The company forecasts net profits attributable to shareholders for 2025-2027 to be 795 million, 1.134 billion, and 1.404 billion yuan, respectively, with corresponding current P/E ratios of 20, 14, and 11 times [2][11]. Summary by Sections Recent Developments - The company secured a significant order for 50,000 commercial AC charging stations in North America, totaling approximately 238 million yuan [2]. - The partnership aims to build a large-scale charging network to meet the surging demand for electric vehicle charging in North America [3]. Market Potential - The North American commercial parking lot charging solutions market is estimated to reach 60 billion yuan, with a projected demand for nearly 1.8 million charging stations due to the rapid increase in new energy vehicle penetration [6]. Product Advantages - The company's MaxiCharger series charging stations feature advanced safety, longevity, reliability, and convenience, making them suitable for various commercial scenarios [4]. Financial Forecast - The company anticipates continued growth in its digital energy solutions business despite global tariff challenges, with a price increase of 7% to 10% for products in the U.S. market to offset tariff impacts [7][11].