Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [10]. Core Insights - The company has released a 2024 earnings forecast, expecting revenue between 3.8 billion to 4.0 billion RMB, representing a year-on-year growth of 16.9% to 23.0%, with a midpoint of 3.9 billion RMB and a year-on-year increase of 20.0% [2]. - The company is focusing on robotics and AI as a new growth curve, having established a wholly-owned subsidiary for robotics and launched a "ground-air integrated cluster intelligence solution" centered on generative AI, with collaborations with major clients like PetroChina [3]. - The digital energy business is projected to benefit significantly from overseas growth, with expected revenue of 830 million to 890 million RMB in 2024, reflecting a year-on-year increase of 51.8% [4]. - The digital repair business is expected to remain a stable contributor, with projected revenue of 2.95 billion to 3.09 billion RMB in 2024, indicating a year-on-year growth of 14.0% [5]. Financial Projections - The total revenue forecast for 2024 is set at 3.953 billion RMB, with a year-on-year growth of 21.59% [10]. - The net profit attributable to the parent company is expected to reach 644.31 million RMB in 2024, showing a significant year-on-year increase of 259.48% [10]. - The earnings per share (EPS) is projected to be 1.43 RMB for 2024, with a price-to-earnings (P/E) ratio of 25.46 based on the latest diluted share price [10].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating an expected stock price increase of over 15% relative to the benchmark index within the next 12 months [5][12]. Core Insights - The company is projected to achieve revenue of 3.99 billion to 4.0 billion yuan in 2024, representing a year-on-year growth of 16.88% to 23.03%. The net profit attributable to shareholders is expected to be between 620 million and 680 million yuan, showing a significant increase of 245.92% to 279.39% [1]. - The digital energy business is showing strong momentum, with expected revenue of 830 million to 890 million yuan in 2024. The company has established a diverse product matrix to meet the varied needs of overseas customers [1][2]. - The company is committed to expanding its global presence, having established production bases in Shenzhen, Vietnam, and North Carolina, USA, enhancing its global service capabilities [2]. - The integration of generative AI technology is a key focus, with the company developing intelligent solutions for the energy and transportation sectors, aiming to accelerate technology transfer and innovation [2]. - A stock incentive plan has been approved for 229 employees, granting 9.7696 million restricted shares to boost morale and promote long-term development [3]. Financial Projections - Revenue forecasts for 2024, 2025, and 2026 are 3.99 billion, 4.99 billion, and 6.37 billion yuan, respectively, with year-on-year growth rates of 22.6%, 25.1%, and 27.7% [3][4]. - The net profit attributable to shareholders is projected to be 650 million, 800 million, and 970 million yuan for the same years, with growth rates of 260.4%, 23.8%, and 21.7% [3][4]. - The current stock price corresponds to a price-to-earnings ratio of 25, 20, and 16 for 2024, 2025, and 2026, respectively, reflecting the company's high-end market positioning and growth potential [3][4].

Investment Rating - The report maintains a "Buy" rating for the company with a current price of 35.30 CNY and a fair value of 43.43 CNY [3]. Core Views - The company is expected to achieve significant revenue growth in 2024, with projected revenue between 3.8 billion to 4.0 billion CNY, representing a year-on-year increase of 16.9% to 23.0%. The net profit attributable to the parent company is forecasted to be between 620 million to 680 million CNY, reflecting a substantial increase of 245.9% to 279.4% [8][9]. - The company is actively expanding its AI applications, leveraging its experience in the automotive and drone sectors to develop intelligent inspection solutions for the energy and transportation industries [7][9]. Financial Forecasts - Revenue projections for 2024 to 2026 are as follows: - 2024: 3.9 billion CNY, growth rate of 20.0% - 2025: 4.6 billion CNY, growth rate of 18.3% - 2026: 5.3 billion CNY, growth rate of 14.5% [2]. - The net profit attributable to the parent company is expected to be: - 2024: 645 million CNY - 2025: 785 million CNY - 2026: 954 million CNY [2][11]. - Earnings per share (EPS) are projected to be: - 2024: 1.43 CNY - 2025: 1.74 CNY - 2026: 2.11 CNY [2][11]. Business Segments - The digital energy business is anticipated to generate revenue of 830 million to 890 million CNY in 2024, with a growth rate of 46.5% to 57.1%. The digital maintenance business is expected to achieve revenue of 2.95 billion to 3.09 billion CNY, with a growth rate of 9.9% to 15.1% [9][11].

Investment Rating - The report maintains a "Recommendation" rating for the company, indicating an expected stock performance that will outperform the market by 10% to 20% within the next six months [1][9][13]. Core Insights - The company is projected to achieve a revenue of 3.8 billion to 4 billion yuan in 2024, reflecting a year-on-year growth rate of 16.88% to 23.03%. The net profit attributable to shareholders is expected to be between 620 million to 680 million yuan, with a staggering growth rate of 245.92% to 279.39% [3][6]. - The company is focusing on enhancing its digital maintenance business and capitalizing on opportunities in the overseas new energy charging sector, with expected revenues of 2.95 billion to 3.09 billion yuan and 830 million to 890 million yuan respectively [6][7]. - The introduction of the "Air-Ground Integrated Cluster Smart Solution" aims to leverage AI technology to improve inspection efficiency and quality, with applications already in the energy and transportation sectors [7][9]. Financial Performance Summary - The company’s revenue for 2023 is reported at 3.25 billion yuan, with projections of 3.96 billion yuan for 2024, 4.83 billion yuan for 2025, and 5.95 billion yuan for 2026, indicating a compound annual growth rate [5][10]. - The net profit for 2023 is 179 million yuan, with forecasts of 651 million yuan for 2024, 754 million yuan for 2025, and 940 million yuan for 2026, showcasing significant growth potential [10][11]. - The gross margin is expected to remain stable around 54% to 54.9% over the next few years, while the net profit margin is projected to increase significantly to 16.5% by 2024 [11][12]. Market Position and Strategy - The company has established a strong global sales network covering over 120 countries, focusing on new energy core businesses and accelerating its strategic transformation [9][10]. - The strategic partnerships and collaborations with leading companies in the robotics and energy sectors are expected to enhance the company's innovation capabilities and market reach [7][9].

Performance Forecast - The company expects to achieve an operating revenue of between 3.8 billion and 4 billion CNY for the year 2024, representing a year-on-year increase of 548.48 million to 748.48 million CNY, or a growth rate of 16.88% to 23.03% [1] - The projected net profit attributable to the parent company for 2024 is estimated to be between 620 million and 680 million CNY, which indicates a significant increase of 440.77 million to 500.77 million CNY compared to the previous year, translating to a growth rate of 245.92% to 279.39% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between 520 million and 580 million CNY, reflecting an increase of 153.17 million to 213.17 million CNY, or a growth rate of 41.76% to 58.11% [1] Previous Year Performance - The operating revenue for the same period last year was 3.251 billion CNY [2] - The net profit attributable to the parent company last year was 179.23 million CNY [2] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 366.83 million CNY [2] Reasons for Performance Changes - The company is leveraging its product and technological innovation to maintain its leading position in the digital repair business, with expected revenue from this segment between 2.95 billion and 3.09 billion CNY [2] - In the digital energy sector, the company is focusing on overseas opportunities, with projected revenue of approximately 830 million to 890 million CNY [2] - The company is integrating generative AI technology into its operations, enhancing efficiency and user experience [3] - The company plans to increase R&D investment in smart solutions, with an additional 50 million CNY allocated in the fourth quarter [3] - Non-recurring gains are expected to be between 96 million and 105 million CNY, primarily from the transfer of equity in a subsidiary [4]

《科创板日报》1月5日讯（记者 余佳欣） 新年伊始，科创板公司率先披露相关经营业绩。 今日（1月5日），道通科技披露2024年年度业绩预告。 道通科技预计，2024年度实现营收38亿元至40亿元，同比增加16.88%至23.03%；实现归母净利润为6.2 亿元至6.8亿元，同比增长245.92%至279.39%；扣非净利润为5.2亿元至5.8亿元，同比增长41.76%至 58.11%。 收入构成方面，2024年，道通科技数字维修业务实现营业收入约29.50亿元至30.90亿元，为营收主力； 数字能源业务实现营业收入约8.30亿元至8.90亿元。该公司在2023年业绩报中提及，其汽车电子行业营 收为26.49亿元，新能源行业营收为5.65亿元。 单季度来看，在连续两年第四季度录得净亏损情况下，该公司在2024年第四季度归母净利润预计为7872 万元至1.39亿元，同比增加190.17%至258.9%，环比减少约10.34%至49.12%。 道通科技提到，第四季度的研发投入及股份支付费用有所增长。 其中，研发投入方面，该公司称单季度研发投入环比增加约5000万元，根据第三季度研发投入为1.45亿 元，意味着其第四 ...

Revenue Projections - The company expects 2024 annual revenue to be between 3,800 million and 4,000 million CNY, an increase of 54.88 million to 74.88 million CNY, representing a year-on-year growth of 16.88% to 23.03%[3]. - The digital maintenance business is projected to achieve revenue of approximately 2,950 million to 3,090 million CNY during the reporting period[6]. - The digital energy business is expected to generate revenue of approximately 830 million to 890 million CNY during the reporting period[6]. Profit Projections - The projected net profit attributable to the parent company for 2024 is expected to be between 620 million and 680 million CNY, an increase of 440.77 million to 500.77 million CNY, reflecting a year-on-year growth of 245.92% to 279.39%[3]. - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between 520 million and 580 million CNY, an increase of 153.17 million to 213.17 million CNY, with a year-on-year growth of 41.76% to 58.11%[3]. R&D and Innovation - The company plans to increase R&D investment in integrated smart solutions for air and ground operations, with a quarterly increase of approximately 50 million CNY in R&D expenses[7]. - The company is actively pursuing digital transformation and organizational capability building, integrating generative AI technology into digital processes[7]. Non-Recurring Gains and Losses - The company anticipates non-recurring gains and losses for 2024 to be approximately 96 million to 105 million CNY, primarily from the transfer of equity in a subsidiary[8]. Performance Forecast - The company has not identified any significant uncertainties that would affect the accuracy of the performance forecast[9]. - The performance forecast data is preliminary and subject to final audited financial results in the 2024 annual report[10].

财联社1月5日电，道通科技公告，预计2024年年度实现归属于母公司所有者的净利润为6.2亿元至6.8亿 元，同比增长245.92%至279.39%。 报告期内，公司数字维修业务实现营业收入约29.50亿元至30.90亿元；公司数字能源业务实现营业收入 约8.30亿元至8.90亿元。 ...

根据公司《2024 年员工持股计划》的相关规定，本员工持股计划存续期不超过 24 个月，自公司公告最后一笔标的股票过户至本员工持股计划名下之日起计算。存 续期满后，本员工持股计划即终止，也可经本员工持股计划约定的审批程序延长。本 员工持股计划所获标的股票的锁定期为 12 个月，自公司公告最后一笔标的股票过户 至本员工持股计划名下之日起计算。锁定期满后，一次性解锁并分配权益至持有人。 公司将持续关注本次员工持股计划的实施进展情况，并按照相关法律法规的规定 及时履行信息披露义务。敬请广大投资者注意投资风险。 | 股票代码：688208 | 股票简称：道通科技 公告编号：2025-002 | | --- | --- | | 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 2024 年员工持股计划非交易过户完成的公告 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。 深圳市道通科技股份有限公司（以下简称"公司"）分别于 2024 年 9 月 28 日召 开了第四届董事会第十四次会议和第四届监事会 ...

股票代码：688208 股票简称：道通科技 公告编号：2025-001 ● 累计转股情况：截至 2024 年 12 月 31 日，"道通转债"累计共有人民币 290,000 元已转换为公司股票，累计转股数量 8,353 股，占"道通转债"转股前公司已发行股 份总额的 0.0018%。 ● 未转股可转债情况：截至 2024 年 12 月 31 日，"道通转债"尚未转股的可转 债金额为 1,279,710,000 元，占"道通转债"发行总量的 99.9773%。 ● 本季度转股情况：自 2024 年 10 月 1 日至 2024 年 12 月 31 日期间，"道通转 债"共有人民币 32,000 元已转换为公司股票，转股数量为 942 股。 一、可转债发行上市概况 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 可转债转股结果暨股份变动公告 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： 三、股本变动情况 经中国证监会"证监许可〔2022〕852 号"文核准，深圳市道通科技股份有限 公司 ...