Summary of Key Points Core Viewpoint - The announcement details the interest payment schedule and terms for the convertible bonds issued by Shenzhen Daotong Technology Co., Ltd., highlighting the bond's issuance, interest rates, and conversion details [1][2][3]. Group 1: Convertible Bond Issuance - The company issued 12.8 million convertible bonds with a total value of 1.28 billion yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission [1]. - The bonds have a six-year term from July 8, 2022, to July 7, 2028, with a tiered interest rate structure starting at 0.30% in the first year and reaching 2.00% by the sixth year [1][2]. Group 2: Interest Payment Details - The interest payment for the third year will be made on July 8, 2025, covering the period from July 8, 2024, to July 7, 2025, at a rate of 1.00%, resulting in a payment of 1 yuan per bond before tax [3][4]. - The interest payment will be made to bondholders registered as of July 7, 2025, with the payment process managed by the China Securities Depository and Clearing Corporation [5]. Group 3: Conversion Terms - The convertible bonds can be converted into shares starting January 16, 2023, with an initial conversion price of 34.73 yuan per share, which has been adjusted multiple times, currently standing at 22.55 yuan per share effective from May 14, 2025 [2][3][4].

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2025-049 | | --- | --- | --- | | 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 关于可转换公司债券 2025 年付息的公告 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： 深圳市道通科技股份有限公司（以下简称"公司"或"道通科技"）于2022年 7月8日向不特定对象发行可转换公司债券（以下简称"道通转债"或"可转债"） 将于2025年7月8日开始支付自2024年7月8日至2025年7月7日期间的利息。根据 《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募集说明书》 （以下简称"《募集说明书》"）有关条款的规定，现将有关事项公告如下： 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会"证监许可〔2022〕852号"文核准，公司向不特 定对象发行可转换公司债券1,280.00万张，每张面值100元，发行总额128,000.00 万元。本次发行的 ...

Group 1 - The company, Autel Intelligent Technology Corp., Ltd., issued convertible bonds totaling 1.28 million units, with a total value of 1.28 billion yuan, approved by the China Securities Regulatory Commission [2][3] - The bonds have a maturity of six years, with an annual interest rate that increases from 0.30% in the first year to 2.00% in the sixth year [3][4] - The initial conversion price for the bonds is set at 34.73 yuan per share, subject to adjustments based on various corporate actions [4][5] Group 2 - In 2024, the company reported a revenue of 3.93 billion yuan, representing a year-on-year growth of 20.95%, and a net profit attributable to shareholders of 641 million yuan, a significant increase of 257.59% [11][12] - The company's total assets reached approximately 6.31 billion yuan as of December 31, 2024, up from 5.58 billion yuan in 2023 [11][12] Group 3 - The funds raised from the convertible bonds are primarily allocated to enhance the company's operational capabilities and support its strategic initiatives in AI and smart solutions [11][12] - As of December 31, 2024, the company had a remaining balance of approximately 292.40 million yuan from the raised funds, indicating effective management and allocation of the capital [12][13]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Insights - The report highlights that the company is a core partner of Huawei, showcasing its capabilities in the field of embodied intelligence at Huawei's developer conference [7] - The company has demonstrated significant growth potential, with revenue and net profit forecasts being revised upwards due to its differentiated competitive advantages in AI and strong customer acquisition [7] - The company is positioned to benefit from the ongoing wave of investment in new energy charging infrastructure, particularly in the European and North American markets [7] Financial Data and Profit Forecast - Total revenue is projected to grow from 3,932 million in 2024 to 4,825 million in 2025, with a year-on-year growth rate of 22.7% [6] - The net profit attributable to the parent company is expected to increase from 641 million in 2024 to 789 million in 2025, reflecting a year-on-year growth rate of 23.1% [6] - The company's earnings per share (EPS) is forecasted to be 1.18 in 2025, with a projected return on equity (ROE) of 18.1% [6] Market Data - As of June 25, 2025, the closing price of the company's stock is 30.71 yuan, with a market capitalization of 20,581 million yuan [2] - The stock has a price-to-book ratio of 5.8 and a dividend yield of 2.93% [2] - The stock's highest and lowest prices over the past year were 48.28 yuan and 22.10 yuan, respectively [2]

债券简称： 道通转债 债券代码： 118013 深圳市道通科技股份有限公司 可转换公司债券受托管理事务报告 （2024 年度） 发行人 深圳市道通科技股份有限公司 （广东省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） 债券受托管理人 中信证券股份有限公司 （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 2025 年 6 月 重要声明 中信证券股份有限公司（以下简称"中信证券"或"受托管理人"）编制本 报告的内容及信息均来源于发行人对外公布的《深圳市道通科技股份有限公司 2024年年度报告》等相关公开信息披露文件、深圳市道通科技股份有限公司 （以下简称"道通科技"、"发行人"或"公司"）提供的证明文件以及第三方中 介机构出具的专业意见。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相 关事宜做出独立判断，而不应将本报告中的任何内容据以作为中信证券所作的 承诺或声明。 2 | 目 录 | | --- | | 重要声明 | ···································································· ...

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2025-048 | | --- | --- | --- | | 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"道通转债"预计满足赎回条件的提示性公告 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： 鉴于公司实施 2023 年年度权益分派，"道通转债"的转股价格由 34.71 元/股调 整为 34.32 元/股，调整后的转股价格自 2024 年 5 月 20 日起生效。具体内容详见公 司于 2024 年 5 月 13 日在上海证券交易所网站（www.sse.com.cn）披露的《关于实 施 2023 年年度权益分派调整"道通转债"转股价格的公告》（公告编号：2024-047）。 鉴于公司实施 2024 年半年度权益分派，"道通转债"的转股价格由 34.32 元/股 调整为 33.93 元/股，调整后的转股价格自 2024 年 9 月 9 日起生效。具体内容详见 公司于 2024 年 9 月 3 日在 ...

Core Viewpoint - Shenzhen Daotong Technology Co., Ltd. is a leading enterprise in the global automotive aftermarket diagnostic and testing field, with a stable market position and strong technological advantages, benefiting from rapid growth in its digital energy business and a solid customer base [2][5][20]. Financial Performance - The company's total assets reached 67.91 billion yuan in 2025, with a significant increase from 63.08 billion yuan in 2024 and 55.77 billion yuan in 2023 [2][19]. - The net profit for 2024 was 5.60 billion yuan, up from 1.40 billion yuan in 2023, indicating a strong growth trajectory [2][19]. - Operating revenue for 2024 was 39.32 billion yuan, reflecting a year-on-year increase of 20.95% [2][19]. Business Operations - The company maintains a high level of research and development investment, with a 14.07% increase in R&D spending in 2024, amounting to 6.80 billion yuan, which represents 17.29% of total revenue [12][13][20]. - The automotive diagnostic products accounted for 32.62% of total revenue, with a gross margin of 54.42% [12]. - The digital energy business saw a revenue increase of 52.98% in 2024, highlighting its growth potential [11][20]. Market Environment - The global automotive aftermarket diagnostic and testing industry is expected to grow steadily, driven by increasing vehicle ownership and the rising average age of vehicles [8][9]. - The demand for electric vehicle charging infrastructure is projected to expand significantly, with the U.S. public charging stations expected to grow from 180,000 in 2023 to 1.7 million by 2035 [10][11]. - The company benefits from a stable supply chain and has established strong relationships with major customers in North America and Europe, with 97.55% of its revenue coming from overseas markets in 2024 [16][18]. Competitive Position - The company is recognized for its technological innovation and has a strong global marketing network, covering over 120 countries [4][5]. - The automotive diagnostic and testing industry has high technical barriers, and the company is positioned to enhance its market share through continuous R&D and product innovation [10][20]. - The competitive landscape includes major players like Bosch and Snap-on, with the company aiming to improve its market influence and brand recognition [10][20].

Core Viewpoint - The company maintains a stable credit rating of "AA" for both its corporate entity and its convertible bonds, indicating strong financial health and stability in its operations [1][2]. Group 1: Credit Rating Information - The previous credit rating for the company was "AA" with a stable outlook, and the same rating is confirmed in the latest assessment [1][2]. - The credit rating for the "Daotong Convertible Bonds" is also maintained at "AA" with a stable outlook, reflecting consistent performance [1][2]. - The credit rating agency, Zhongzheng Pengyuan, conducted a comprehensive analysis of the company's operational status and relevant industry conditions before issuing the latest ratings [2].

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2025-047 | | --- | --- | --- | | 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"道通转债"跟踪信用评级结果的公告 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： ● 前次债券评级：公司主体信用等级为"AA"，评级展望为"稳定"，"道通转债" 的信用等级为"AA"。 ● 本次债券评级：公司主体信用等级为"AA"，评级展望为"稳定"，"道通转债" 的信用等级为"AA"。 根据《上市公司证券发行注册管理办法》《上海证券交易所科创板股票上市规则》 等有关规定，深圳市道通科技股份有限公司（以下简称"公司"）委托信用评级机构 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对公司向不特定对象发行 的可转换公司债券（以下简称"道通转债"）进行了跟踪信用评级。 公司前次发行主体长期信用评级结果为"AA"，"道通转债"前次债券信用评级 结果为"AA"，评级展望为"稳定"，评级机构为 ...

中鹏信评【2025】跟踪第【147】号 01 深圳市道通科技股份有限公司相 关债券 2025 年跟踪评级报告 信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 本评级报告版权归本评级机构所有，未经授 ...