证券代码：688208 证券简称：道通科技 公告编号：2025-043 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 关于以集中竞价交易方式回购股份比例达到总股本 1% 暨股份回购进展公告 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、准确性和完整性承担法律责任。 份方案之日起 3 个月内。具体内容详见公司分别于 2025 年 4 月 9 日和 2025 年 4 月 10 日在上海证券交易所网站（www.sse.com.cn）披露的《关于以集中竞价交 易方式回购公司股份方案的公告》（公告编号：2025-028）和《关于以集中竞价交 易方式回购公司股份的回购报告书》（公告编号：2025-029）。 因实施 2024 年年度权益分派，公司以集中竞价交易方式回购股份的价格上限 由不超过人民币 63.83 元/股（含）调整为不超过人民币 42.71 元/股（含），具体 内容详见公司于 2025 年 5 月 7 日在上海证券交易所网站（www.sse.com.cn）披 露的《关于实施 2024 年年度权益分派调整回购股份价格上限的公告》（ ...

Group 1 - The company has achieved a five-year compound annual growth rate (CAGR) of 30%, with total revenue reaching approximately 6 billion yuan in 2024, and the listed company contributing over 3 billion yuan [2] - The core business includes automotive intelligent diagnostic tablets, holding the largest market share globally, and a new energy charging network, which ranks among the top three globally in terms of technology [2] - The company has established a global presence, with 80%-90% of revenue coming from overseas markets, particularly 70% from Europe and the United States [2] Group 2 - The company has identified pain points in the inspection industry, such as the need for manual data analysis and high training costs for operators, and has advanced to a fourth stage solution that integrates drone clusters with ground intelligent agents [3] - The ultimate goal is to achieve end-to-end autonomous operations based on large models, moving beyond the current "drone + operator" model [3] Group 3 - The technical architecture consists of three layers: hardware (industrial-grade drones and upcoming ground robots), platform (Agent intelligent scheduling platform), and model (multi-modal large models for precise data recognition) [5] - The company plans to accelerate the commercialization of its products and aims to hold a large product launch event in October [6][7] Group 4 - The company has built resilient global production capacity in response to U.S. tariff concerns, with manufacturing facilities in China, Vietnam, and North Carolina, USA [8] - The new energy charging business meets IRA requirements, with clients agreeing to bear 10% of the tariff costs from Vietnam, and the company maintains a safety stock of 6-9 months in the U.S. [8] - The company aims to transform traditional inspection and maintenance models through innovative applications of embodied intelligence technology, pushing the industry towards fully autonomous operations [8]

Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) has weakened as of May 19, 2025, with mixed performance among constituent stocks [1] - Zhongyou Technology (688648) led the gains with an increase of 7.19%, while Tianzhun Technology (688003) experienced the largest decline at 4.66% [1] - The Sci-Tech Innovation Board Artificial Intelligence ETF (588930) fell by 1.57%, with the latest price at 1.13 yuan, but has seen a cumulative increase of 3.52% over the past month as of May 16, 2025 [1] Group 2 - The liquidity of the Sci-Tech Innovation Board Artificial Intelligence ETF was 2.6% during intraday trading, with a transaction volume of 20.98 million yuan [1] - The average daily transaction volume of the Sci-Tech Innovation Board Artificial Intelligence ETF over the past year was 82.25 million yuan [1] - The latest share count for the Sci-Tech Innovation Board Artificial Intelligence ETF reached 713 million, marking a new high since its inception [1] Group 3 - Minsheng Securities indicates that AI Agents are key to the software revolution, addressing the application limitations of generative AI models and advancing AI technology towards practical and intelligent applications [2] - AI Agents consist of a model, tools, and an orchestration layer, enabling autonomous goal achievement [2] - The commercialization path for AI Agents emphasizes different payment models for C-end (consumer) and B-end (business) applications, focusing on generality and extensibility for C-end, and task completion and accuracy for B-end [2] Group 4 - The future outlook suggests that the task length of AI Agents may double approximately every seven months, leading to a closed-loop development cycle where Agents can develop other Agents [2]

Group 1 - BYD reported August sales of 174,915 new energy vehicles, a year-on-year increase of 184.84% [1] - Cumulative sales from January to August reached 978,795 units, representing a year-on-year growth of 267.31% [1] - The company sold 5,092 new energy passenger vehicles overseas in August [1] Group 2 - Zhongke Electric's subsidiary plans to establish a joint venture with Chongqing Fudi for the production of anode materials, with a registered capital of 1 billion RMB [2] - Zhongke Electric's subsidiary will contribute 650 million RMB, while Chongqing Fudi will contribute 350 million RMB [2] Group 3 - Yuyuan Group intends to transfer 13% of its shares in Jinhuijiu for approximately 1.937 billion RMB, reducing its stake to 25% [3] - The company plans to further reduce its holdings by more than 5% within the next six months [3] Group 4 - Lizhu Group's recombinant COVID-19 fusion protein vaccine has been included in the emergency use for sequential booster immunization [4] Group 5 - Guanghui Energy plans to repurchase shares worth between 800 million and 1 billion RMB to support employee stock ownership plans [5] Group 6 - Cambrian has launched four cloud-based intelligent chips, although mass sales will require a longer time frame and initial technical service investments [7] Group 7 - LePu Medical has received approval from the China Securities Regulatory Commission for the issuance of Global Depositary Receipts (GDRs) and listing on the Swiss Stock Exchange [9] - The GDR issuance will correspond to no more than 180,458,875 new A-shares [9] Group 8 - Fushi Holdings' subsidiary has entered into an exclusive advertising agency cooperation with the Central Radio and Television Station's automotive channel for three years [10] Group 9 - Guangzhou Port's container throughput in August was 1.981 million TEUs, a year-on-year increase of 2.4% [11] - The total cargo throughput for August was 44.788 million tons, a decrease of 0.6% [11] Group 10 - Ningbo Port expects to complete a container throughput of 3.58 million TEUs in August, a year-on-year increase of 10.2% [12] - The total cargo throughput is projected to decline by 3.0% [12] Group 11 - Ming Tai Aluminum reported a 7% year-on-year decrease in aluminum plate and strip sales in August, while aluminum profile sales increased by 47% [13] Group 12 - Electric Power Investment plans to invest in multiple wind and solar projects, with total static investments of 1.585 billion RMB for wind and 538 million RMB for solar [14] Group 13 - Northeast Pharmaceutical has signed a cooperation agreement with MedAbome for the development of the MAb11-22.1 antibody project [19] Group 14 - New Five Feng plans to acquire equity in Tianxin Seed Industry and several other companies for a total price of approximately 2.208 billion RMB [26] Group 15 - Sumeida's subsidiary plans to transfer 100% equity of eight photovoltaic power station project companies, with an estimated transaction value of 657 million RMB [27] Group 16 - *ST Tongzhou intends to acquire 51% equity in Tongtaiwei, fulfilling the capital contribution obligation of 10.2 million RMB [29] Group 17 - Tianyin Holdings' subsidiary plans to invest 120 million RMB in Xundong Xintong to acquire 40% equity [30] Group 18 - Hainan Haiyao plans to publicly transfer 43% equity in Shanghai Lishengte to attract new investors [31] Group 19 - New Asia Process plans to transfer 7.76% of its shares to Xiangcai New Materials at a price of 5.274 RMB per share [32] Group 20 - Lanwei Medical plans to raise no more than 664 million RMB through a private placement for provincial laboratory construction projects [34] Group 21 - Lida New Materials plans to issue convertible bonds to raise no more than 300 million RMB for a new aluminum material project [35] Group 22 - Gekewei has successfully launched its 12-inch CIS integrated circuit project, achieving over 95% yield [51] Group 23 - Baijin Medical's tricuspid valve ring product has received registration approval [52] Group 24 - Shanghai Pharmaceuticals has received approval to initiate Phase I clinical trials for a recombinant anti-CD20 humanized monoclonal antibody [53] Group 25 - Junda Co. has increased the production capacity of its solar cell production base project from 8GW to 10GW [54]

Core Viewpoint - Daotong Technology (688208) has initiated a share buyback program to maintain company value and protect shareholder interests, with the first buyback completed on May 16, 2025 [3]. Trading Information Summary - On May 16, 2025, Daotong Technology's stock closed at 29.28 yuan, up 1.49%, with a turnover rate of 2.12%, trading volume of 142,000 shares, and a transaction value of 416 million yuan [1]. - The fund flow on the same day showed a net outflow of 11.818 million yuan from institutional investors, while retail investors saw a net inflow of 6.77 million yuan and speculative funds a net inflow of 5.0479 million yuan [2][5]. Company Announcement Summary - Daotong Technology announced its first share buyback via centralized bidding, with the plan disclosed on April 9, 2025, and the implementation period from April 9 to July 8, 2025 [3]. - The expected buyback amount ranges from 100 million yuan to 200 million yuan, with a maximum buyback price of 42.71 yuan per share [3]. - As of May 16, 2025, the company has repurchased 170,808 shares, representing 0.03% of the total share capital, at a total cost of approximately 4,998,589.34 yuan, with prices ranging from 28.70 yuan to 29.83 yuan per share [3][5].

证券代码：688208 证券简称：道通科技 公告编号：2025-042 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 关于以集中竞价交易方式首次回购公司股份的公告 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、准确性和完整性承担法律责任。 重要内容提示： 回购方案首次披露日 2025/4/9 回购方案实施期限 2025 年 4 月 9 日~2025 年 7 月 8 日 预计回购金额 1亿元~2亿元 □减少注册资本 □用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 √为维护公司价值及股东权益 累计已回购股数 170,808股 累计已回购股数占总股本比例 0.03% 累计已回购金额 4,998,589.34元 实际回购价格区间 28.70元/股~29.83元/股 一、 回购股份的基本情况 深圳市道通科技股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日召开 第四届董事会第十九次会议，审议通过了《关于以集中竞价交易方式回购公司股 份方案的议案》，同意公司使用自有资金通过集中竞价交易方式回购公司已发行的 人民币 ...

证券代码：688208 证券简称：道通科技 公告编号：2025-042 转债代码：118013 转债简称：道通转债 月 10 日在上海证券交易所网站（www.sse.com.cn）披露的《关于以集中竞价交 易方式回购公司股份方案的公告》（公告编号：2025-028）和《关于以集中竞价交 易方式回购公司股份的回购报告书》（公告编号：2025-029）。 因实施 2024 年年度权益分派，公司以集中竞价交易方式回购股份的价格上限 由不超过人民币 63.83 元/股（含）调整为不超过人民币 42.71 元/股（含），具体 内容详见公司于 2025 年 5 月 7 日在上海证券交易所网站（www.sse.com.cn）披 露的《关于实施 2024 年年度权益分派调整回购股份价格上限的公告》（公告编号： 2025-040）。 二、回购股份的进展情况 深圳市道通科技股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/4/9 | | ...

Investment Rating - The report suggests a positive investment outlook for the computer sector, highlighting significant investment opportunities due to recent tariff reductions between China and the US [6][7]. Core Insights - The easing of tariffs is expected to boost confidence in the computer sector, particularly benefiting companies previously affected by tariff sentiments and those in the AI industry chain and fintech segments [6][7]. - The report emphasizes the importance of companies with core technology, high growth potential, and domestic substitution capabilities for long-term investment [6][7]. - The computer sector's foreign revenue is approximately 12%, indicating limited direct impact from tariff policies, while holdings in the sector are at a historical low, suggesting potential for valuation recovery [7][8]. Summary by Sections Investment Highlights - The report notes that the computer sector achieved a total revenue of RMB 286.03 billion in Q1 2025, representing a year-on-year increase of 15.25%, with net profit attributable to shareholders rising by 193.52% [8]. - The report identifies key companies for investment, including Streamax Technology, Autel Intelligent Technology, and Beijing Kingsoft Office Software, among others [6][8]. Market Dynamics - The report highlights that the demand for IT investments from downstream clients is expected to continue rising, supported by domestic policy efforts and economic recovery [8]. - The growth logic of the sector is further strengthened by technological iterations and demand recovery, particularly in AI applications and domestic chip development [9].

Core Viewpoint - Daotong Technology has demonstrated a strong commitment to shareholder returns through significant cash dividends and stock repurchases, achieving record-high distributions in 2024, reflecting the company's robust financial performance and growth strategy [2][3]. Group 1: Dividend and Share Repurchase - In 2024, Daotong Technology distributed a total of 546 million yuan in cash dividends and stock repurchases, marking the highest total in the company's history [2]. - The company implemented a cash dividend of 5 yuan per 10 shares and a stock increase of 4.9 shares per 10 shares, resulting in a total cash dividend payout of 223 million yuan and a stock increase of 218 million shares [2]. - Over the past three years, the cumulative cash dividends and repurchases reached 822 million yuan, accounting for 89.17% of the net profit attributable to shareholders [3]. Group 2: Financial Performance - Daotong Technology reported a revenue of 3.932 billion yuan in 2024, representing a year-on-year growth of 21%, and a net profit of 641 million yuan, a significant increase of 258% [2]. - In the first quarter of 2025, the company continued to show high-quality growth with revenues of 1.094 billion yuan, up 27% year-on-year, and a net profit of 199 million yuan, up 60% [4]. Group 3: Strategic Focus and Innovation - The company is focused on AI-driven sustainable development, with a strategic emphasis on "AI intelligence" and has developed various solutions in automotive diagnostics, smart charging networks, and energy management [3][4]. - Daotong Technology is actively integrating generative AI technologies into its product solutions, enhancing its capabilities in automotive diagnostics, charging, and energy applications [4]. - The company plans to maintain its commitment to enhancing shareholder returns and aligning capital expenditures with cash dividends and stock repurchases to ensure long-term, stable, and sustainable shareholder value [5].

Group 1 - The core viewpoint of the news is the agreement between China and the U.S. to significantly reduce bilateral tariff levels by May 14, 2025, which is expected to impact companies like Daotong Technology positively [1] - Daotong Technology has successfully won a bid for 50,000 commercial AC charging piles in North America, with a total contract value of 238 million yuan, indicating strong market performance despite tariff challenges [2][1] - The company plans to continue its factory construction in Monterrey, Mexico, as part of its global supply chain strategy to enhance regional collaboration and mitigate geopolitical risks [1] Group 2 - Daotong Technology has made significant progress in the North American market by enhancing AI technology applications and local service capabilities, despite previous tariff impacts [2] - The company has secured a large order for commercial AC charging solutions from LAZ Parking, a leading parking operator in North America, further solidifying its market position [2] - Additionally, Daotong Technology has won a substantial order for DC charging solutions from a global oil giant, with some products to be deployed in North America [2]