[ T able_StockInfo] 2024 年 04 月 01 日 证券研究报告•2023 年年报点评 买入 （维持） 当前价：19.47 元 道通科技（688208）计算机 目标价：——元（6 个月） 体系搭建完善，美国工厂已经投产。公司充电桩产品在性能方面可全面对标 ABB、西门子等国际领先企业，在供应链管理、智能化交互等方面甚至更具优 势；与国内布局出海的其他桩企相比，公司在海外渠道把控、运营经验以及品 牌影响力等方面则有更深的积累，同时构建起充电云平台功能矩阵，包含充电 运营、远程运维、充电 APP 等。此外，2023 年年底，公司美国工厂已经正式 建成投产，后续有望降低《基础设施法案》带来的供应链风险，迎来产品规模 化放量拐点，实现爆发式增长。 [Table_Author] 分析师：王湘杰 执业证号：S1250521120002 电话：0755-26671517 邮箱：wxj@swsc.com.cn 分析师：邓文鑫 执业证号：S1250523070002 电话：15123996370 邮箱：dwx@swsc.com.cn | --- | --- | |--------------------- ...

| 证券代码：688208 | 证券简称：道通科技 | 公告编号：2024-035 | | --- | --- | --- | | 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 关于以集中竞价交易方式回购公司股份的进展公告 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。 重要内容提示： | 回购方案首次披露日 | 2023/12/19 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2023 年 12 月 18 | 日~2024 | 年 | 12 月 | 17 | 日 | | 预计回购金额 | 10,000 万元~20,000 | 万元 | | | | | | 回购用途 | 用于员工持股计划或股权激励 | | | | | | | 累计已回购股数 | 7,665,527 股 | | | | | | | 累计已回购股数占总股本比例 | 1.70% | | | | | | | 累计已回购金额 | 14,65 ...

Financial Performance - The company's operating revenue for 2023 reached ¥3,251,152,240.25, representing a 43.50% increase compared to ¥2,265,555,176.93 in 2022[38]. - The net profit attributable to shareholders for 2023 was ¥179,233,332.27, a 75.66% increase from ¥102,033,256.64 in the previous year[38]. - The net cash flow from operating activities improved to ¥434,056,417.87 in 2023, compared to a negative cash flow of -¥382,964,140.27 in 2022, marking a 213.34% increase[38]. - The company's total assets as of the end of 2023 were ¥5,576,848,578.52, a 6.56% increase from ¥5,233,545,202.19 at the end of 2022[38]. - The basic earnings per share for 2023 was ¥0.40, up 73.91% from ¥0.23 in 2022[41]. - The net profit excluding non-recurring gains and losses was 366.83 million RMB, showing a significant year-on-year increase of 262.50%[53]. - The company reported a net profit of ¥71,969,288.54 in Q1 2023, with total revenue of ¥706,281,737.50 for the same period[42]. - The net profit attributable to shareholders for Q2 2023 was ¥117,052,668.82, with revenue of ¥741,394,061.86[42]. - The company experienced a net loss of -¥87,297,667.59 in Q4 2023, despite generating revenue of ¥1,061,563,149.46[42]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 4 RMB per share, totaling approximately 176.36 million RMB, which represents 98.40% of the net profit attributable to shareholders for the year 2023[15]. - As of December 31, 2023, the company's distributable profits amounted to 901.99 million RMB[15]. - The company does not plan to increase capital reserves or issue bonus shares[15]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[14]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[17]. - The company has not violated any decision-making procedures for providing guarantees[19]. - The company has ensured the accuracy and completeness of the annual report, with all board members present at the meeting[14]. Research and Development - The R&D expenditure as a percentage of operating revenue decreased to 18.34% in 2023, down 8.67 percentage points from 27.01% in 2022[41]. - The company achieved a total R&D investment of approximately ¥596.13 million, a decrease of 2.58% compared to the previous year, with R&D expenses accounting for 18.34% of operating revenue, down 8.67 percentage points[182]. - The R&D team consists of 887 personnel, accounting for 37.35% of the total workforce, with a strong focus on core technologies in electric vehicle charging and automotive diagnostics[163]. - The company has accumulated 1,650 patents and software copyrights, including 224 invention patents and 983 design patents, showcasing its commitment to innovation[163]. - The company is focused on continuous investment in core technologies, including power electronics and energy management, to support the upgrade of the new energy automotive market[156]. Product Development and Innovation - The company launched three key products: DC HiPower, DC Compact, and AC Ultra, enhancing customer experience and investment returns[57]. - The DC HiPower product can achieve a maximum output power of 640kW, allowing for a range of 400 kilometers (250 miles) with just 10 minutes of charging[57]. - The DC Compact product supports a maximum charging power of 40kW, enabling a range of 130 kilometers (80 miles) with 30 minutes of charging[60]. - The AC Ultra product can charge two vehicles simultaneously with a maximum output of 19.2kW, providing a range of 120 kilometers (75 miles) in one hour[60]. - The company launched the innovative MS909CEV product, which supports over 95% of new energy and fuel vehicle models, quickly becoming the preferred diagnostic solution in the domestic market[67]. - The company developed a SOH (State of Health) assessment solution with over 95% accuracy, revolutionizing used car evaluations and battery recycling processes[69]. - The company launched several new products, including the MaxiSys Ultra and MaxiSys M919 diagnostic systems, and the AC Ultra series of charging piles[92]. - The company has launched new product series, including TPMS and ADAS, to maintain its competitive edge in the automotive diagnostics market[164]. Market Expansion and Strategy - The company achieved significant breakthroughs in the European market by signing contracts with several regional large clients and forming strategic partnerships with well-known international energy companies[63]. - In the North American market, the company signed multiple contracts with large enterprises ranked in the global top 50, leading to exponential growth in strategic customer reserves and establishing itself as a leading Chinese company in the region[62]. - The company established a production facility in North Carolina, USA, to comply with the new requirements of the Biden administration's Infrastructure Act, ensuring stable product supply to the US market[66]. - The company has established overseas branches in key markets like North America and Europe to mitigate risks associated with market fluctuations and trade policies[186]. - The company is focused on addressing the risk of talent loss in the technology-intensive industry, which could impact its competitive edge if not managed properly[137]. Supply Chain and Operational Efficiency - The company’s procurement strategy focuses on optimizing costs through centralized purchasing and leveraging overseas supply resources[98]. - The company has increased its inventory of key chips since 2019 to mitigate supply chain challenges, particularly in the semiconductor industry[199]. - The global supply chain, especially for imported ICs and electronic components, has faced significant challenges since 2020, impacting production operations[199]. - The company aims to implement multiple backups in its supply chain system to ensure operational stability amid geopolitical uncertainties[200]. - The company is preparing for potential political risks and will align its product delivery timelines with industry benchmarks[200]. Industry Trends and Market Outlook - The global electric vehicle sales exceeded 10 million units in 2022, with a penetration rate of 14%, up from approximately 9% in 2021 and less than 5% in 2020[104]. - The International Energy Agency (IEA) predicts that electric vehicle sales will reach 14 million units by the end of 2023, representing a year-on-year growth of 35%[104]. - The U.S. charging station market is projected to grow from 1.5 million units to 29 million units by 2030, with a compound annual growth rate of 39%[106]. - The European electric vehicle market is projected to reach 65 million units by 2030, requiring 34 million charging stations, including 3.2 million public charging stations[108]. - The TPMS market is experiencing significant growth opportunities due to mandatory installation requirements in various regions[200]. Risk Management - The company faces risks related to technological advancements and potential talent loss, which could impact its competitive advantage in the automotive diagnostics industry[166][167]. - The geopolitical situation, including the Russia-Ukraine crisis and US interest rate hikes, presents greater uncertainty for global economic development[200]. - The company is committed to adjusting production and sales arrangements in response to potential supply chain disruptions caused by trade tensions[199].

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2024-022 | | --- | --- | --- | | 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 关于使用暂时闲置募集资金进行现金管理的公告 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。 ● 投资种类：安全性高、流动性好、期限不超过 12 个月要求的投资产品。 ● 投资金额：深圳市道通科技股份有限公司（以下简称"公司"）拟使用不超过 人民币 5 亿元（含本数）的闲置募集资金进行现金管理。额度有效期限为自公司董 事会审议通过之日起 12 个月内。在前述额度和有效期限内，资金可以循环滚动使用。 ● 已履行的审议程序：公司于 2024 年 3 月 29 日召开第四届董事会第九次会议 和第四届监事会第五次会议，审议通过了《关于使用暂时闲置募集资金进行现金管 理的议案》。该事项无需提交股东大会审议。 ● 特别风险提示：尽管对闲置募集资金进行现金管理时选择的对象是低风险的 投资产品，但金融市场受宏观经济的影响较大，不 ...

环境、社会及公司治理 (ESG) 报告 2023 Environmental, Social and Governance Report 目录 Contents | | | | | 走进 | | | --- | --- | --- | | | 道通科技 | | | 公司简介 | | 05 | | 发展历程 | | 11 | | 年度大事记 | | 13 | | ESG管理 | | 15 | 治理 奠定稳健基础 三会运作 合规运营 投关管理 商业道德 信息安全 19 21 22 25 27 环保 守护绿色家园 环境管理 资源节约 污废处理 47 49 51 责任 共助和谐发展 员工权益 人才发展 55 58 创新 创造多元价值 | 研发创新 | 35 | | --- | --- | | 知识产权 | 38 | | 质量管理 | 38 | | 客户服务 | 41 | | 责任供应链 | 43 | 77% 指标索引 63 读者反馈表 65 职业健康安全 行业引领 回馈社会 60 62 62 关于本报告 本报告是深圳市道通科技股份有限公司（以下简称"道通科技"、"公司"或"我们"）面向利益相关方发布的第2 份环境、社 ...

深圳市道通科技股份有限公司 独立董事 2023 年度述职报告 本人陈全世，作为深圳市道通科技股份有限公司（以下简称"公司"）第三届、第 四届董事会的独立董事，严格按照《中华人民共和国公司法》（以下简称《" 公司法》"）、 《上市公司治理准则》《上海证券交易所科创板股票上市规则》《上市公司独立董事 管理办法》等法律法规和《深圳市道通科技股份有限公司章程》（以下简称"《公司章 程》"）、《独立董事工作细则》等相关规定和要求，认真履行独立董事职责，充分行 使独立董事职权，勤勉尽责，切实维护了公司整体利益和全体股东的合法权益。现 将本人在 2023 年度履职情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 陈全世：男，中国国籍，无境外居留权，1945 年出生，毕业于清华大学，汽车 工程学士学位。1994 年 10 月至 1997 年 12 月任清华大学汽车工程系系主任，1996 年 7 月至 2001 年 9 月任清华大学机械学院副院长，1997 年至 2014 年 12 月任全 国汽车标准化技术委员会电动车辆分技术委员会副主任委员，1998 年至 2018 年 10 月中国汽车工程学 ...

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2024-031 | | --- | --- | --- | | 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 关于转让子公司部分股权暨关联交易的公告 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"）拟向林中山先生转让公司 子公司深圳市塞防科技有限公司（以下简称"塞防科技"）5%的股权（以下简称"本次 交易"），本次交易的转让价款依据双方共同协商确定，合计为630万元人民币，全部 以现金方式支付。 ● 根据《上海证券交易所科创板股票上市规则》等相关规定，本次交易构成关 联交易，但不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 一、关联交易概述 为优化公司资产结构，进一步聚焦发展主业，支持公司战略实现和长期可持续 发展，公司拟向林中山先生转让公司子公司塞防科技5%的股权。 林中山先生系塞防科技执行董事、总经理，且作为塞防科技员工持股平台深圳 市道 ...

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2024-019 | | --- | --- | --- | | 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 第四届监事会第五次会议决议公告 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"）第四届监事会第五次会议于 2024 年 3 月 29 日在公司会议室以现场结合通讯方式召开，会议通知于 2024 年 3 月 19 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》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 与会监事就各项议案进行了审议，并表决通过以下事项： 1、《关于<2023 年度监事会工作报告>的议案》 表决情况：同 ...

转让子公司股权暨关联交易 的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）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"）2022 年科创板向 不特定对象发行可转换公司债券的保荐机构，根据《证券发行上市保荐业务管理 办法》《科创板上市公司持续监管办法（试行）》《上海证券交易所科创板股票上 市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》 等有关规定，保荐机构对道通科技拟转让子公司股权暨关联交易的事项进行了专 项核查，并发表如下意见： 关于深圳市道通科技股份有限公司 中信证券股份有限公司 一、关联交易概述 为优化公司资产结构，进一步聚焦发展主业，支持公司战略实现和长期可持 续发展，公司拟向林中山先生转让公司子公司塞防科技5%的股权。 林中山先生系塞防科技执行董事、总经理，且作为塞防科技员工持股平台深 圳市道合通瞭信息咨询企业（有限合伙）（以下简称"道合通瞭"）、深圳市道 合通望信息咨询企业（有限合伙）（以下简称"道合通望"）、深圳市道合通星 信息咨询企业（有限合伙）（以下简称"道合通星"）共同的执行事务合伙人深 圳市道合通兴信息咨询企业（有限合伙 ...

目 录 | 一、审计报告……………………………………………………… | 第 | 1—6 | | 页 | | --- | --- | --- | --- | --- | | 二、财务报表……………………………………………………… | 第 | 7—16 | | 页 | | （一）合并资产负债表…………………………………………… | | 第 | 7 | 页 | | （二）母公司资产负债表………………………………………… | | 第 | 8 | 页 | | （三）合并利润表………………………………………………… | | 第 | 9 | 页 | | （四）母公司利润表………………………………………………第 | | 10 | | 页 | | （五）合并现金流量表……………………………………………第 | | 11 | | 页 | | （六）母公司现金流量表…………………………………………第 | | 12 | | 页 | | （七）合并所有者权益变动表…………………………………第 | | 13-14 | | 页 | | （八）母公司所有者权益变动表………………………………第 | | 15-16 | | 页 | | | | 四 ...