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 ...

Summary of Conference Call Records Company and Industry Overview - The conference call primarily discusses **Daotong Technology**, focusing on its developments in the **automotive aftermarket**, **AI**, and **drone technology** sectors. The company is positioned in the **North American market** with significant growth potential in **charging stations** and **automotive diagnostics** [1][2][10]. Key Points and Arguments 1. **Stock Performance**: Daotong's stock has performed well in the first half of the year, exceeding earnings expectations, with positive trends continuing into the second half [1]. 2. **AI and Robotics Integration**: The company has made strategic partnerships, including a recent collaboration with Yusi Technology for AI product development. This is part of a broader strategy to integrate AI into its operations, enhancing its service offerings [1][2]. 3. **Growth Trajectories**: - **Automotive Aftermarket**: The primary business focuses on automotive repair and diagnostics, particularly in North America, which accounts for approximately 70% of its revenue. The company has seen stable growth, maintaining a revenue increase of around 10% annually [2][8]. - **Charging Stations**: The second growth curve involves the expansion of charging stations, with significant market potential in North America, where the growth rate was nearly 50% last year and is projected to be around 25% this year [11][12]. - **AI as a Third Growth Curve**: The company has established a new subsidiary, Daotong Intelligent, focusing on drones and AI solutions, which is expected to contribute significantly to future revenues [3][4]. 4. **Market Positioning**: Daotong holds a competitive position in the North American automotive diagnostics market, with a customer selection rate of 1% and ranking among the top three competitors [10]. 5. **Financial Projections**: The company anticipates total revenue of approximately 3.7 billion yuan this year, with the automotive segment expected to generate between 2.6 billion and 2.8 billion yuan. Gross margins are projected to remain above 60%, with net profit margins between 20% and 30% [8][18]. 6. **Charging Station Market Dynamics**: - The U.S. market for charging stations is expected to grow at an annual rate of 20% to 30%, driven by increasing demand and utilization rates [13][18]. - The company is uniquely positioned to capitalize on this market due to its ability to meet local manufacturing requirements and navigate regulatory challenges [12][20]. 7. **European Market Strategy**: In Europe, the focus is on slow charging stations, with expectations of a 25% growth rate in electric vehicle sales, which will drive demand for charging infrastructure [15][17]. Additional Important Insights - **Technological Advancements**: Daotong is developing advanced AI models for diagnostics and has plans to launch a new intelligent base in the first half of next year [5][6]. - **Collaborative Efforts**: The company is actively engaging with partners to enhance its product offerings and explore new application scenarios, particularly in energy security and transportation [4][6]. - **Regulatory Environment**: The company is navigating complex regulatory landscapes in both the U.S. and Europe, which could impact its operational strategies and market entry [12][19]. This summary encapsulates the key discussions and insights from the conference call, highlighting Daotong Technology's strategic initiatives, market positioning, and financial outlook.

Core Viewpoints - The company has signed a strategic cooperation agreement with an embodied intelligence partner, focusing on joint R&D and promotion of innovative solutions for energy industry inspection and operations [1] - The company is leveraging AI as a core driver to deepen the integration of AI technology with business scenarios, aiming to establish three growth curves: digital maintenance, digital energy, and cluster intelligent solutions [1] - The company has developed an embodied intelligence solution based on AI platforms and large models, targeting energy and transportation scenarios with a focus on flying robots, anti-drone systems, and ground robots [2] - The company has partnered with a large energy company and engaged in discussions with key clients like PetroChina and State Grid on the application of intelligent inspection technology in the generative AI era [4] - The company's generative AI-powered cluster intelligent solution is transforming traditional inspection methods in energy and transportation industries, enabling a shift towards digital, unmanned, and integrated operations [5] - The global professional service robot market is projected to reach $120 billion by 2035, with intelligent inspection robots benefiting from policy support and technological maturity [6] - The company has launched a "cluster intelligent solution" centered on generative AI, comprising intelligent robots, an AI PaaS platform, and industry-specific large model modules, already applied in energy and transportation projects [7] - The company's AI-powered cluster solution has significantly improved inspection efficiency in oil field operations [8] - The company and its subsidiary have signed a strategic cooperation agreement with an embodied intelligence partner [9] Strategic Cooperation - The strategic cooperation agreement focuses on joint R&D of innovative solutions for energy industry inspection and operations, including autonomous inspection, autonomous operations, and integrated air-ground solutions [1] - The company and its subsidiary have signed a strategic cooperation agreement with an embodied intelligence partner [9] AI-Driven Growth Strategy - The company is leveraging AI as a core driver to deepen the integration of AI technology with business scenarios, aiming to establish three growth curves: digital maintenance, digital energy, and cluster intelligent solutions [1] - The company has developed an embodied intelligence solution based on AI platforms and large models, targeting energy and transportation scenarios with a focus on flying robots, anti-drone systems, and ground robots [2] Industry Applications - The company's generative AI-powered cluster intelligent solution is transforming traditional inspection methods in energy and transportation industries, enabling a shift towards digital, unmanned, and integrated operations [5] - The company's AI-powered cluster solution has significantly improved inspection efficiency in oil field operations [8] Market Outlook - The global professional service robot market is projected to reach $120 billion by 2035, with intelligent inspection robots benefiting from policy support and technological maturity [6] Product Launch - The company has launched a "cluster intelligent solution" centered on generative AI, comprising intelligent robots, an AI PaaS platform, and industry-specific large model modules, already applied in energy and transportation projects [7] Client Engagement - The company has partnered with a large energy company and engaged in discussions with key clients like PetroChina and State Grid on the application of intelligent inspection technology in the generative AI era [4]

《科创板日报》12月29日讯（记者 余佳欣） 机器人行业正向纵深发展。 据知情人士透露，上述"某头部创新机器人公司"为"宇树科技"。 据了解，宇树科技近期更新机器狗视 频，Unitree B2-W机器狗可以完成托马斯全旋、侧空翻、360°跳跃转体、冲跳、极地跑酷等动作，业内 人士提到，机器人赛道有望加速应用落地。 道通科技董事长、总经理李红京在12月26日投资者交流会上介绍，"空地一体集群智慧解决方案"具体包 含智能体机器人（智慧巡检Digital Agents ；Physical Agents，例如飞行机器人、地面机器人、反无人系 统等），Avant AI PaaS平台以及行业大模型一体机等三大核心模块。方案能够实现从通用大模型、智能 大脑、智慧机器人执行器和场景数据全链条拉通，具有高效、智能、持续快速自我演进的能力。 在26日该公司投资者交流会圆桌讨论环节，包括中石油区域油田、河北高速、南网科技、国网智能等客 户现身 。 道通科技曾在11月机构调研中提到，目前机器人公司已在相关领域开展业务拓展与合作，并与意向客户 就相关合作进行了深入沟通，公司初期将主要聚焦在能源、安防、交通大三应用场景。机器人公司核心 ...