| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2025-017 | | --- | --- | --- | | 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 关于独立董事任期届满暨补选独立董事 并调整董事会专门委员会委员的公告 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。 一、独立董事任期届满情况 深圳市道通科技股份有限公司（以下简称"公司"）独立董事陈全世先生自 2019 年 4 月起担任公司独立董事，连续任职时间即将满六年，根据《上市公司独立董事 管理办法》等相关规定，独立董事在同一家上市公司连续任职时间不得超过六年， 因此陈全世先生于近日向公司董事会申请辞去独立董事及董事会专门委员会委员的 相关职务，辞职后将不再担任公司其他任何职务。在公司股东大会选举产生新任独 立董事前，陈全世先生将继续履行其作为独立董事及董事会专门委员会委员的相关 职责。 截至本公告披露日，陈全世先生未持有公司股票。陈全世先生确认与公司董事 会没有不同意见，亦无其他需特别说明或提醒公司股 ...

深圳市道通科技股份有限公司 关于开展外汇衍生品交易的可行性分析报告 一、公司开展外汇衍生品交易的背景 深圳市道通科技股份有限公司（以下简称"公司"）主要经营业务涉及海外多个 国家，公司的外汇结算业务量较大，主要以美元、欧元等外币结算为主。在国际政 治、经济形势等因素影响下，人民币汇率双向波动及利率的起伏不定，使得外汇市 场风险显著增加。为进一步提高公司应对外汇波动风险的能力，更好地规避和防范 外汇汇率、利率波动风险，增强公司财务稳健性，公司将开展外汇衍生品交易，加强 公司外汇风险管理，有效降低外汇市场波动对公司经营产生的负面影响。 二、公司开展外汇衍生品交易的基本情况 （一）交易金额 公司拟开展总额不超过人民币 25 亿元的外汇衍生品交易业务，并授权公司管理 层审批日常外汇衍生品交易业务方案及签署外汇衍生品交易业务相关合同及文件。 授权期限自公司股东大会审议通过之日起 12 个月内有效。期限内任一时点的交易金 额（含前述交易的收益进行再交易的相关金额）不超过上述额度。 （二）资金来源 公司及子公司拟开展的外汇衍生品交易的资金来源主要为自有资金，不涉及使 用募集资金或银行信贷资金。 （三）交易方式 公司及子公司 ...

| 股票代码：688208 | 股票简称：道通科技 公告编号：2025-021 | | --- | --- | | 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 关于转让参股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"道通科技"或"公司"）拟向深圳 市道合通瞭信息咨询企业（有限合伙）（员工持股平台，以下简称"道合通瞭"）、 农颖斌女士和舒细麟先生分别转让公司所持参股公司深圳市塞防科技有限公司（以 下简称"塞防科技"）9%、1%、1%，合计11%的股权（以下简称"本次交易"）。 本次交易完成后，公司持有塞防科技的股权比例将由46%降至35%，本次交易的转 让价款依据评估结果及双方共同协商确定，合计为1,773.75万元人民币，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。 ● 本次交易 ...

| 股票代码：688208 | 股票简称：道通科技 公告编号：2025-006 | | --- | --- | | 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： ● 深圳市道通科技股份有限公司（以下简称"公司"或"本公司"）股票自 2025 年 2 月 21 日至 2025 年 3 月 21 日已有 10 个交易日的收盘价不低于当期转股价格的 130%（即 44.11 元/股），存在触发《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》"）中规定的有条件赎回条 款的可能性。若触发条件，公司董事会有权决定按照债券面值加当期应计利息的价格 赎回全部或部分未转股的"道通转债"，公司将在满足可转债赎回条件的当日召开董 事会，决定是否行使上述赎回权限及相关事宜。 一、可转债发行上市概况 经中国证监会"证监许可〔2022〕852 号"文核准，公司 ...

Investment Rating - The report maintains an "Outperform" rating for the company, with a target price of RMB 62.30, representing a potential upside of 36% [4][14]. Core Insights - The company is experiencing rapid growth, with total revenue projected to reach RMB 3.93 billion in 2024, a year-on-year increase of 20.95%. Net profit attributable to shareholders is expected to be RMB 640 million, up 257.34% year-on-year [4][14]. - The company is leveraging AI as a core driver for its business expansion, focusing on three growth curves: digital maintenance, digital energy, and air-ground integrated smart solutions [4][14]. - The digital maintenance business is expected to generate revenue of approximately RMB 3.04 billion in 2024, while the digital energy segment is projected to reach RMB 867 million, reflecting growth rates of 14.59% and 52.98% respectively [4][14]. Financial Data and Forecast - Revenue and net profit forecasts for 2024-2026 are as follows: - 2024: Revenue of RMB 3.93 billion, net profit of RMB 640 million - 2025: Revenue of RMB 4.73 billion, net profit of RMB 804 million - 2026: Revenue of RMB 5.67 billion, net profit of RMB 970 million - The expected growth rates for revenue are 20.9% in 2024, 20.3% in 2025, and 19.9% in 2026. Net profit growth rates are projected at 257.3%, 25.6%, and 20.6% for the same years [3][4][14]. Business Segmentation - The company’s revenue breakdown for 2024 includes: - ADAS products: RMB 378.21 million - New energy charging services: RMB 793.14 million - Software cloud services: RMB 73.54 million - TPMS products: RMB 708.14 million - Automotive diagnostic products: RMB 1,415.25 million - The overall revenue for 2024 is projected to be RMB 3.93 billion, with a gross margin of 56.6% [8][10].

Investment Rating - The report maintains an "Outperform" rating for the company, with a target price of RMB 62.30, representing a potential upside of 36% [4][14]. Core Insights - The company is experiencing rapid growth, with total revenue projected to reach RMB 3.93 billion in 2024, a year-on-year increase of 20.95%. Net profit attributable to shareholders is expected to be RMB 640 million, up 257.34% year-on-year [4][14]. - The company is leveraging AI as a core driver for its business expansion, focusing on three growth curves: digital maintenance, digital energy, and air-ground integrated smart solutions [4][14]. - The digital maintenance business is expected to generate revenue of approximately RMB 3.04 billion in 2024, while the digital energy business is projected to reach RMB 867 million, reflecting growth rates of 14.59% and 52.98% respectively [4][14]. Financial Data and Forecast - Revenue and profit forecasts for 2024-2026 are as follows: - 2024: Revenue of RMB 3.93 billion, net profit of RMB 640 million - 2025: Revenue of RMB 4.73 billion, net profit of RMB 804 million - 2026: Revenue of RMB 5.67 billion, net profit of RMB 970 million - The expected growth rates for revenue are 20.9% in 2024, 20.3% in 2025, and 19.9% in 2026. Net profit growth rates are projected at 257.3%, 25.6%, and 20.6% for the same years [3][4][14]. Business Segmentation - The company’s revenue breakdown for 2024 includes: - Digital maintenance: RMB 3.04 billion - Digital energy: RMB 867 million - Other segments include ADAS products, new energy charging services, software cloud services, and automotive diagnostics, contributing to the overall revenue growth [8][14].

Investment Rating - The report maintains an "Outperform" rating for the company, with a target price of RMB 62.30, representing a potential upside of 36% [4][14]. Core Insights - The company is experiencing rapid growth, with total revenue projected to reach RMB 3.93 billion in 2024, a year-on-year increase of 20.95%. Net profit attributable to shareholders is expected to be RMB 640 million, up 257.34% year-on-year [4][14]. - The company is leveraging AI as a core driver for its business expansion, focusing on three growth curves: digital maintenance, digital energy, and air-ground integrated smart solutions [4][14]. - The digital maintenance business is expected to generate revenue of approximately RMB 3.04 billion in 2024, while the digital energy segment is projected to reach RMB 867 million, reflecting growth rates of 14.59% and 52.98% respectively [4][14]. Financial Data and Forecast - Revenue and profit forecasts for 2024-2026 are as follows: - 2024: Revenue of RMB 3.93 billion, net profit of RMB 640 million - 2025: Revenue of RMB 4.73 billion, net profit of RMB 804 million - 2026: Revenue of RMB 5.67 billion, net profit of RMB 970 million - The expected earnings per share (EPS) for the same period are RMB 1.42, RMB 1.78, and RMB 2.15 respectively [3][4][14]. - The company’s gross margin is projected to be around 56.6% in 2024, with slight fluctuations in subsequent years [3][4]. Business Segmentation - The company’s revenue breakdown for 2024 includes: - ADAS products: RMB 378.21 million - New energy charging services: RMB 793.14 million - Software cloud services: RMB 73.54 million - TPMS products: RMB 708.14 million - Automotive diagnostic products: RMB 1,415.25 million - The overall revenue for 2024 is expected to be RMB 3.93 billion, with a gross margin of 56.6% [8][11].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve a net profit attributable to shareholders of 180-200 million yuan in Q1 2025, representing a year-on-year increase of 44.3% to 60.3%, with a median of 190 million yuan corresponding to a year-on-year increase of 52.3% [2] - The company is actively promoting the application of AI robots in the energy and transportation sectors, enhancing its team capabilities, solutions, customer expansion, and ecosystem development [3] - The company is deeply engaged in the charging pile sector, benefiting from overseas growth, particularly in the North American market, where the potential for charging pile expansion remains significant [4] - The digital maintenance segment is a stronghold for the company, which has established a solid position in the overseas automotive aftermarket, achieving a global market share of 32.7%, surpassing traditional giants [5] Financial Forecasts and Valuation - The company's expected net profits for 2024, 2025, and 2026 have been adjusted to 640 million, 790 million, and 950 million yuan respectively, with corresponding P/E ratios of 33.1, 26.7, and 22.2 times based on the closing price on March 18, 2025 [5]

Investment Rating - The report maintains an "Outperform" rating for the company [4][5]. Core Views - The company is positioned as a leader in AI-driven intelligent detection and new energy solutions, focusing on digital maintenance, digital energy, and AI robotics [19][21]. - The integration of AI technology is expected to enhance product premium capabilities and accelerate global market penetration, with significant growth anticipated in both digital energy and maintenance sectors [28][38]. Summary by Relevant Sections Strategic Positioning - The company aims to leverage AI innovation to drive strong business growth, with a focus on digital maintenance, digital energy, and AI robotics [19][21]. - It has established a comprehensive ecosystem that integrates technology research, ecological construction, and practical applications [35]. Financial Growth - The company reported a revenue of 28.04 billion yuan for the first three quarters of 2024, reflecting a year-on-year increase of 28.07%, with digital energy business growing by 77.77% [28]. - The net profit attributable to shareholders for the same period was 5.41 billion yuan, up 103.08% year-on-year [28]. Business Segments 1. **Digital Maintenance Business** - The company is a leading player in the automotive aftermarket diagnostic sector, offering a complete ecosystem of solutions including digital diagnostics and battery testing [22]. - AI technology is utilized to enhance user experience and operational efficiency in the maintenance sector [22][42]. 2. **Digital Energy Business** - The company is advancing its AI-driven energy charging solutions, focusing on various core scenarios such as on-the-go and home charging [24]. - New product lines, including the MaxiCharger series, are designed to optimize charging efficiency and customer revenue [52]. 3. **AI Robotics Business** - The company is developing integrated smart inspection solutions for energy and transportation sectors, utilizing AI technology for enhanced operational efficiency [27][38]. Valuation and Market Potential - The projected net profits for 2024-2026 are 6.47 billion, 7.80 billion, and 11.10 billion yuan, respectively, with corresponding PE ratios of 32.27, 26.77, and 18.81 [4][8]. - The estimated market value for 2025 is projected to be between 249.60 billion and 273.00 billion yuan, with a target stock price of 55.24 to 60.42 yuan [4].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve a net profit attributable to shareholders of 180-200 million yuan in Q1 2025, representing a year-on-year increase of 44.3% to 60.3%, with a median of 190 million yuan corresponding to a year-on-year increase of 52.3% [2] - The company is actively promoting the application of AI robots in the energy and transportation sectors, enhancing its team capabilities, solutions, customer expansion, and ecosystem development [3] - The company is deeply engaged in the charging pile sector, benefiting from overseas growth, particularly in the North American market, where the potential for charging pile expansion remains significant [4] - The digital maintenance sector is a stronghold for the company, which has established a solid position in the North American and European automotive aftermarket, leveraging AI to enhance market share [5] Financial Forecasts and Valuation - The company's projected net profits for 2024, 2025, and 2026 have been adjusted to 640 million, 790 million, and 950 million yuan respectively, with the P/E ratios for March 18, 2025, being 33.1, 26.7, and 22.2 times [5]