据港交所文件：深圳市道通科技股份有限公司向港交所提交上市申请书。 ...

格隆汇12月31日丨道通科技(688208.SH)公布，公司于2025年12月30日召开第四届董事会审计委员会第 十四次会议、于2025年12月31日召开第四届董事会第二十九次会议，分别审议通过了《关于募投项目结 项并将节余募集资金永久补充流动资金的议案》，同意公司将2022年向不特定对象发行可转换公司债券 募投项目中的"道通科技研发中心建设暨新一代智能维修及新能源综合解决方案研发项目"结项后的节余 募集资金10,149.47万元（实际金额以资金转出当日专户余额为准）永久补充流动资金，用于公司日常生 产经营。 ...

Core Viewpoint - Daotong Technology (688208) has approved a resolution to conclude fundraising projects and permanently allocate surplus funds to daily operational capital, enhancing cash flow support for its main business [1]. Group 1: Board Meeting Details - The fourth board meeting was held on December 31, 2025, with all 7 directors present, complying with the Company Law and Articles of Association [1]. - The resolution regarding the conclusion of fundraising projects and the use of surplus funds was unanimously approved with 7 votes in favor, 0 abstentions, and 0 against [1]. Group 2: Financial Implications - The decision to permanently allocate surplus fundraising funds to operational capital is expected to optimize the company's capital allocation efficiency and improve the flexibility of fund usage [1]. - This move is anticipated to provide more substantial cash flow support for the company's main business development [1].

| 股票代码：688208 | 股票简称：道通科技 | 公告编号：2026-001 | | --- | --- | --- | | 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 第四届董事会第二十九次会议决议公告 具体内容详见同日于上海证券交易所网站（www.sse.com.cn）披露的《关于募 投项目结项并将节余募集资金永久补充流动资金的公告》（公告编号：2026-002）。 深圳市道通科技股份有限公司（以下简称"公司"）第四届董事会第二十九次会 议于 2025 年 12 月 31 日在公司会议室以现场结合通讯方式召开，会议通知于 2025 年 12 月 25 日以邮件、电话或其他通讯方式送达至公司全体董事。本次会议由董事 长李红京先生召集并主持，应到董事 7 人，实到董事 7 人。本次会议的召集和召开 程序符合《中华人民共和国公司法》（以下简称"《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。 特此公告。 二、董事会会议审议情况 深圳市道通科技股份有限公司董事会 与会董事就各项议案进行了审议，并表 ...

| 证券代码：688208 | 证券简称：道通科技 | 公告编号：2026-002 | | --- | --- | --- | | 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 关于募投项目结项并将节余募集资金 永久补充流动资金的公告 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。 一、募集资金基本情况 二、本次募投项目结项及募集资金节余情况 | | 道通科技研发中心建设暨新一代智能维修及新 | | --- | --- | | 结项名称 | 能源综合解决方案研发项目 | | 结项时间 | 年 月 2025 | 12 | 31 | 日 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 募集资金承诺使用金额 | | | | | | 90,000.00 | 万元 | | 募集资金实际使用金额 | | | | | | 81,888.15 | 万元 | | 募集资金实际剩余金额（不含 利息收入等） | | | | | | 8,11 ...

中信证券股份有限公司 关于深圳市道通科技股份有限公司募投项目结项 并将节余募集资金永久补充流动资金的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）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人，根据《中华人民共和国公司法》《中华 人民共和国证券法》《证券发行上市保荐业务管理办法》《上海证券交易所科创板 股票上市规则》等法律法规及有关规定，对道通科技募投项目结项并将节余募集 资金永久补充流动资金事项进行了核查，情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意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注册的批复》（证监许可〔2022〕852号），公司 由主承销商中信证券采用向公司原股东优先配售，原股东优先配售后余额部分 （含原股东放弃优先配售部分）网上通过上海证券交易所交易系统向社会公众投 资者发售的方式，发行可转换公司债券1,280.00万张，发行价为每张人民币100元， 共计募集资金128,000.00万元，坐扣承销和保荐费用1,533.18万元（其中，不含税 承销费为1,4 ...

道通科技公告，本次结项的募投项目名称为道通科技研发中心建设暨新一代智能维修及新能源综合解决 方案研发项目。本次节余金额为1.01亿元，拟将上述募投项目结项后的节余募集资金1.01亿元（实际金 额以资金转出当日专户余额为准）永久补充流动资金，用于公司日常生产经营。 ...

Investment Rating - The report assigns an "Outperform" rating to the industry, with specific buy and hold recommendations for companies such as Daotong Technology, Shiji Information, Ninebot, Wanxing Technology, and Guangyun Technology [2]. Core Insights - The report emphasizes that the "Tech Going Global" strategy is imperative and timely, despite the complexities and challenges faced by Chinese tech companies in overseas markets [14][15]. - It highlights the significant growth in China's tech exports, particularly in sectors like robotics and artificial intelligence, which are becoming key drivers of the economy [23][24]. - The report identifies four advantageous segments for investment in overseas expansion: market transplant type, single-point breakthrough type, platform going global type, and synchronous advancement type [54][55]. Summary by Sections Industry Investment Rating - The report provides specific stock ratings for companies, indicating a strong market outlook for the technology sector [2]. Key Trends in Tech Going Global - The report notes that the export of new "new three samples" (robots, AI, innovative drugs) is gaining momentum, with significant technological advancements leading to commercial viability [23][24]. - It discusses the increasing influence of Chinese tech companies in global markets, particularly in AI, where China holds a substantial share of global patents [31][34]. Investment Opportunities - The report outlines that sectors such as fintech and smart cities are well-positioned for overseas expansion due to their maturity in the domestic market and the potential for replicating successful models in emerging markets [56][57]. - It emphasizes the importance of adapting to local market needs and leveraging China's technological capabilities to meet global demands [37][38]. Market Dynamics - The report highlights the shift in China's export focus from consumer goods to technology-intensive products, marking a transition from "Made in China" to "Created in China" [29][30]. - It discusses the favorable conditions in regions like Southeast Asia, where digital infrastructure is improving, creating opportunities for Chinese tech firms [38][39]. Company-Specific Insights - The report provides detailed analysis on specific companies, including their overseas revenue contributions and growth potential, indicating a trend of increasing international business [53].

Investment Rating - The report maintains a "Buy" rating for several companies including Xinyangfeng, Senqilin, Ruifeng New Materials, Sinopec, Juhua, Yangnong Chemical, CNOOC, Tongkun, Daotong Technology, and others [10]. Core Viewpoints - The report highlights significant price increases in battery-grade lithium carbonate (up 10.79%) and industrial-grade lithium carbonate (up 10.78%), while sulfur and liquid chlorine experienced notable declines [4][7]. - It suggests focusing on investment opportunities in areas such as import substitution, pure domestic demand, and high dividend stocks, particularly in light of the current geopolitical tensions affecting oil prices [6][18]. - The overall chemical industry remains under pressure, with mixed performance across sub-sectors due to past capacity expansions and weak demand, although some sectors like lubricants are performing better than expected [21]. Summary by Sections Chemical Industry Investment Suggestions - The report recommends paying attention to the glyphosate industry, which is showing signs of recovery with decreasing inventory and rising prices, suggesting potential investment in companies like Jiangshan Co., Xingfa Group, and Yangnong Chemical [21]. - It also emphasizes selecting stocks with strong competitive positions and growth potential, particularly in the lubricant additive sector and coal-to-olefins industry [21]. - The report notes that domestic demand for chemical fertilizers and certain pesticide sub-products remains robust, with companies like Hualu Hengsheng and China Heartlink Fertilizer being highlighted for investment [21]. Price Trends of Chemical Products - The report details recent price movements, with significant increases in battery-grade lithium carbonate and PTA, while products like sulfur and liquid chlorine saw declines [4][5][19]. - It mentions that the international oil price is expected to stabilize around $65 per barrel, which could benefit companies with high dividend yields and those that are sensitive to raw material cost reductions [6][18]. Market Dynamics - The report discusses the impact of geopolitical tensions on oil prices, particularly the situation in Venezuela and the EU's sanctions on Russia, which have contributed to recent price fluctuations [22][23]. - It highlights the weak trading atmosphere in the coal market, with prices declining due to limited demand and cautious market sentiment [29][30]. - The report notes that the polypropylene market is experiencing downward pressure due to weak demand and increased supply, while the PTA market is expected to remain strong due to ongoing inventory reduction [31][35].

Group 1: Market Outlook - The equity market is expected to continue its upward trend due to clear domestic policy, strong economic growth momentum, and relatively loose market liquidity[3] - Investors are advised to actively position for the spring market, focusing on sectors with improving performance and benefiting from policies[3] Group 2: Recommended Stocks - BeiGene (688235.SH): Global sales of its core product, Zanubrutinib, reached $2.78 billion in the first three quarters of 2025, a year-on-year increase of 53.2%[4] - Beijing Junzheng (300223.SZ): The storage cycle is on the rise, and the company is expected to benefit from the L3 autonomous driving market[11] - Haiguang Information (688041.SH): The company is a leading domestic computing power provider, with revenue maintaining rapid growth in the first three quarters of 2025[18] - Daotong Technology (688208.SH): The company has seen rapid revenue growth and is advancing its AI strategy[26] - Penghui Energy (300438.SZ): The company ranks among the top three globally in household storage cell shipments in the first three quarters of 2025[32] - Goldwind Technology (002202.SZ): The gross margin for wind turbine and component business reached 7.97% in the first half of 2025, showing significant improvement[39] - Chifeng Gold (600988.SH): The company is expected to benefit from rising gold prices and increased production from new mining projects[46] - Luoyang Molybdenum (603993.SH): The company is positioned to benefit from rising copper prices and increased production[52] - Huaxin Cement (600801.SH): The company reported a 120.7% year-on-year increase in net profit attributable to shareholders in Q3 2025[57] - China Pacific Insurance (601601.SH): The company has maintained a high dividend yield, exceeding 3% since 2018[65]