公司代码：688208 公司简称：道通科技 深圳市道通科技股份有限公司 2025 年半年度报告 1 / 209 深圳市道通科技股份有限公司2025 年半年度报告 深圳市道通科技股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 重大风险提示 公司已在本报告中详细阐述公司在经营过程中可能面临的各种风险及应对措施，敬请查阅本 报告"第三节管理层讨论与分析/四、风险因素"。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人李红京、主管会计工作负责人李红京及会计机构负责人（会计主管人员）潘浩 添声明：保证半年度报告中财务报告的真实、准确、完整。 六、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 经董事会决议，公司2025年半年度拟以实施权益分派股权登记日登记的总股本扣除公司回购 专户的股份为基数分配利润。本次利润分配方案如下：公司拟向全体股东每10股派发现金红利5.8 元（含税）。截至2025年8月8日，公 ...

Core Viewpoint - The artificial intelligence sector in China is experiencing significant growth, as evidenced by the performance of the Sci-Tech Innovation Board AI Index and related ETFs, indicating strong investor interest and potential opportunities in this field [2][3]. Group 1: Market Performance - As of August 15, 2025, the Sci-Tech Innovation Board AI Index (950180) rose by 1.05%, with notable increases in constituent stocks such as Stone Technology (688169) up 4.06% and Lanke Technology (688008) up 3.98% [2]. - The Sci-Tech AI ETF (588790) increased by 1.21%, with a latest price of 0.67 yuan, and has shown a cumulative increase of 1.85% over the past week [2]. - The Sci-Tech AI ETF has seen a significant scale growth of 7.54 million yuan over the past two weeks, ranking first among comparable funds [3]. Group 2: Fund Flows and Leverage - The latest net outflow for the Sci-Tech AI ETF was 1.08 million yuan, but over the past 10 trading days, there were net inflows on 7 days, totaling 5.21 million yuan [4]. - The latest margin buying amount for the Sci-Tech AI ETF reached 21.95 million yuan, with a margin balance of 827 million yuan [5]. Group 3: Performance Metrics - As of August 14, 2025, the Sci-Tech AI ETF has achieved a net value increase of 7.54% over the past six months, ranking first among comparable funds [5]. - The ETF's highest single-month return since inception was 15.59%, with an average monthly return of 9.25% during rising months [5]. - The Sharpe ratio for the Sci-Tech AI ETF over the past month was 1.21, indicating strong risk-adjusted returns [6]. Group 4: Tracking and Composition - The Sci-Tech AI ETF closely tracks the Sci-Tech Innovation Board AI Index, which includes 30 large-cap companies providing foundational resources, technology, and application support for the AI industry [7]. - As of July 31, 2025, the top ten weighted stocks in the index accounted for 67.36% of the total index weight, highlighting the concentration in key players within the AI sector [9].

转自：证券时报 人民财讯8月15日电，8月14日，道通科技与纳斯达克及特拉维夫双上市公司Nayax Ltd.在深圳举行签约 仪式，标志着双方建立战略合作伙伴关系，未来共同提供嵌入式支付解决方案，加速北美及欧洲等地区 电动汽车充电基础设施的规模化部署。根据合作规划，Nayax的支付系统将嵌入道通科技的交直流充电 智能中枢设备，覆盖其在北美及欧洲35个主要市场的业务，预计2026年底前完成约10万个充电智能中枢 的支付功能集成。 ...

Core Viewpoint - The rapid growth of AI applications in China is reflected in the significant increase in daily Token consumption, which has surged over 300 times in a year and a half, indicating a strong market demand for AI technologies [2] Group 1: Market Performance - As of August 14, 2025, the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) rose by 0.57%, with notable increases in constituent stocks such as Cambricon (688256) up 11.87% and Aerospace Dongfang (688066) up 1.34% [2] - The Sci-Tech AI ETF (588790) has seen a 2.00% increase over the past week, ranking 2nd among comparable funds [2] - The Sci-Tech AI ETF's trading volume reached 4.46 billion yuan, with a turnover rate of 6.46% [2] Group 2: Fund Growth and Performance - The Sci-Tech AI ETF experienced a significant scale increase of 53.88 million yuan over the past week, ranking 3rd among comparable funds [3] - The fund's share count grew by 999 million shares in the last two weeks, placing it 1st among comparable funds [3] - The fund has seen a net inflow of 669 million yuan over the past 10 trading days, with 8 days of net inflow [3] Group 3: Historical Returns and Risk Metrics - As of August 13, 2025, the Sci-Tech AI ETF's net value increased by 9.54% over the past six months, ranking 1st among comparable funds [4] - The fund's highest single-month return since inception was 15.59%, with an average monthly return of 9.25% [4] - The fund's Sharpe ratio for the past month was 1.21, indicating strong risk-adjusted returns [5] Group 4: Fee Structure and Tracking Accuracy - The management fee for the Sci-Tech AI ETF is 0.50%, and the custody fee is 0.10%, which are relatively low compared to comparable funds [6] - The fund's tracking error over the past month was 0.008%, the highest tracking precision among comparable funds [6] - The index tracks 30 major companies in the AI sector, with the top ten stocks accounting for 67.36% of the index [6]

Core Viewpoint - The article highlights the increasing trend of interim dividends among A-share companies, with many firms announcing substantial profit distributions, indicating a robust performance in the first half of the year despite some experiencing revenue declines [3][4][8]. Summary by Sections Interim Dividend Announcements - As of August 8, companies like Guanggang Gas (688548.SH) and Shuoshi Bio (688399.SH) have announced interim profit distributions, with Shuoshi Bio proposing a distribution of 3.4 yuan per share, totaling 285 million yuan [3][4]. - Nearly 50 A-share companies have disclosed interim dividend proposals, with a total distribution amount exceeding 720 billion yuan [4][6]. Major Dividend Payers - China Mobile (600941.SH) leads with a proposed dividend of 2.75 HKD per share, amounting to approximately 594.32 billion HKD (over 540 billion yuan) [4][6]. - Other significant companies include Ningde Times (300750.SZ) and Oriental Yuhong, with proposed distributions of 10.07 yuan and 9.25 yuan per share, respectively [5][6]. Performance of Dividend Companies - Many companies proposing high dividends have reported revenue and profit growth in the first half of the year, such as Dongpeng Beverage, which achieved a revenue of 10.737 billion yuan and a net profit of 2.375 billion yuan, both up over 30% year-on-year [8]. - However, some companies like China Mobile and Cangge Mining (000408.SZ) experienced slight revenue declines, with China Mobile's revenue at 543.769 billion yuan, down 0.54% year-on-year [8][9]. Upcoming Dividend Distributions - Three A-share companies, including Sujiao Science and Technology (300284.SZ), are set to implement interim dividends next week, with Sujiao proposing a distribution of 0.2 yuan per share [10][11]. Trends in Dividend Distribution - The trend of increased dividend distributions is supported by regulatory encouragement, with the total cash dividends for A-share companies in 2024 projected to reach 2.4 trillion yuan, a 9% increase from 2023 [12]. - The frequency of dividend payments is also rising, with many companies adopting policies for multiple distributions within a year [12]. Investment Considerations - Investors are advised to analyze dividend yield, coverage ratio, and sustainability when selecting stocks, considering industry differences and company fundamentals [12][13]. - In mature industries, high dividends are attractive, while in growth sectors, increased dividends may indicate a shift towards maturity or a change in profit models [13][14].

Investment Rating - The report maintains a positive outlook on the computer industry, particularly focusing on the commercialization of AI applications and the acceleration of physical AI [5][6]. Core Insights - The release of GPT-5 has generated diverse market evaluations, emphasizing its potential in productivity tools and B2B scenarios, particularly in monetization [7][10]. - Google DeepMind's introduction of the Genie 3 model marks a significant acceleration in the commercialization of physical AI, allowing for the generation of interactive 3D environments [33][36]. - Key companies such as Nengke Technology, Saiyi Information, and Daotong Technology are highlighted for their advancements in AI applications across various sectors [5][53][59]. Summary by Sections GPT-5 Release - GPT-5 is expected to validate its product in productivity tools and B2B scenarios, with significant improvements in coding capabilities and reduced hallucination rates [10][18]. - The monetization potential is underscored by its competitive pricing for API services, which is significantly lower than competitors [19][20]. - Performance metrics show GPT-5 achieving state-of-the-art results in various benchmarks, including mathematics and coding tasks [13][24]. Genie 3 Launch - Genie 3 allows users to generate interactive 3D environments at 720p resolution and 24 frames per second, significantly improving upon its predecessor [33][36]. - The model demonstrates enhanced performance in terms of duration, consistency, interactivity, and instruction adherence [34][36]. - Genie 3's capabilities are expected to facilitate advancements in various applications, including gaming and virtual training environments [39][41]. Key Company Updates - Nengke Technology is accelerating AI applications in specialized industries, leveraging partnerships with Huawei for smart manufacturing solutions [53][55]. - Saiyi Information is rapidly deploying AI agents in manufacturing, with optimistic order forecasts indicating significant growth potential [56]. - Daotong Technology is enhancing its AI inspection capabilities through collaboration with Huawei, focusing on energy and transportation sectors [59][60].

(原标题：道通科技(688208.SH)：公司与国内多家头部机器人公司开展生态合作) 格隆汇8月8日丨道通科技(688208.SEI)在互动平台表示，在公司空地一体集群智慧解决方案中，公司将根据客户的实际场景需求，与行业头部机器 人公司进行联合研发和推广相关地面机器人，在公司空地一体集群智慧解决方案样板点，公司与国内多家头部机器人公司开展生态合作。在AI机 器人行业领域，公司正加速推进以巡检垂域大模型为核心的空地一体解决方案在能源、交通等领域的广泛推广。 相关ETF 食品饮料ETF (产品代码: 515170) ★ 跟踪：中证细分食品饮料产业主题指数 近五日涨跌:0.53% 市盈率: 19.93倍 资金流向: 最新份额为60.0亿份, 增加 了0.0份, 主力资金净流出 668.8 万元。 资金流向: 最新份额为58.0亿份,减少 了3.5亿份，主力资金净流 入3106.7 万元。 估值分位: 68.72% 科创半导体ETF (产品代码: 588170) ★ 跟踪: 上证科创板半导体材料设备主题指数 估值分位:17.43% 游戏ETF (产品代码：159869) ★ 跟踪：中证动漫游戏指数 近五日涨跌：7.9 ...

Group 1 - The core viewpoint of the news is the performance of the CSI 1000 Industrial Index, which has shown significant growth over the past month, three months, and year-to-date [2] - The CSI 1000 Industrial Index has increased by 7.59% in the last month, 14.31% in the last three months, and 13.33% year-to-date [2] - The index is composed of liquid and representative securities from various industries, providing diverse investment options for investors [2] Group 2 - The top ten weighted stocks in the CSI 1000 Industrial Index include Huicheng Environmental Protection (1.21%), Inner Mongolia First Machinery (0.94%), and Aerospace Rainbow (0.92%) [2] - The market share of the CSI 1000 Industrial Index is 54.98% from the Shenzhen Stock Exchange and 45.02% from the Shanghai Stock Exchange [2] - The industry composition of the CSI 1000 Industrial Index shows that machinery manufacturing accounts for 31.95%, power equipment for 28.24%, and transportation for 11.90% [2] Group 3 - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December [3] - In special circumstances, the index may undergo temporary adjustments, such as when a sample stock is delisted or undergoes mergers, acquisitions, or splits [3] - When adjustments are made to the CSI 1000 Index, corresponding adjustments are also made to the CSI 1000 Industry Index [3]

截至2025年8月5日 14:10，上证科创板人工智能指数(950180)上涨0.09%，成分股中科星图(688568)上涨4.29%，航天宏图(688066)上涨3.62%，澜起科技 (688008)上涨1.58%，威胜信息(688100)上涨1.51%，天准科技(688003)上涨1.18%。科创AIETF(588790)下跌0.16%，最新报价0.64元。拉长时间看，截至2025 年8月4日，科创AIETF近1周累计上涨2.57%，涨幅排名可比基金2/7。 消息面上，7月31日，深圳市发展改革委对外发布《深圳市低空基础设施高质量建设方案（2024—2026 年）》（以下简称《方案》），着力构建"体系完 备、层次清晰、标准统一、智能先进、跨域融合"的低空基础设施体系，全力打造"全球低空经济第一城"。 长江证券认为，"人工智能+"政策助力我国AI应用加速渗透，对比"互联网+"，"人工智能+"空间或更为广阔。 中国银河证券指出，人工智能推动通信行业相关企业再发展，看好硬件端发展高增长。结合供给以及需求，我们认为当下时点，算力板块仍处于快速发展周 期中，且各家对于大模型的投入也将持续发展，在流量入口争夺以及广阔 ...

Investment Focus - The report highlights Amazon (AMZN US) as a top pick due to its leading position in the cloud industry with a 30% global market share, stable margin improvements, and strong demand for its T3 inference capabilities [1] - Alphabet (GOOGL US) is favored for its AI and advertising synergy, expected margin improvements in IaaS cloud services, and strong self-developed capabilities, although its stock price upside is currently limited [1] - Arista (ANET US) is recognized for its leadership in high-speed data center switches and expected revenue contributions from AI backend switch business, with a significant growth visibility [1] - Meituan (3690 HK) is noted for its strong cash flow generation ability and competitive cost structure, positioning it well in the face of industry competition [1] - Lenovo (992 HK) is highlighted for its record revenue in AI server business and significant growth potential compared to peers like Dell [2] - NVIDIA (NVDA US) is recognized for its strong financial performance and technological leadership in data center business, with a focus on emerging applications driving growth [2] - Tencent (700 HK) is expected to benefit significantly from AI advancements, with an upward revision in revenue and profit expectations for 2025 [2] - New Oriental (EDU US) is noted for its diverse revenue sources and strong brand recognition, supporting its high profit margins [3] - AIA (1299 HK) is favored for its steady growth in new business value and strong operational metrics, particularly in the ASEAN market [3] - Futu (FUTU US) is expected to see significant growth in paid user numbers and total AUM, supported by its low commission model and quality customer service [3] - The report emphasizes the potential of Chinese pharmaceutical companies like China Biologic Products (1177 HK) and Innovent Biologics (1801 HK) in their innovative drug pipelines and market leadership [4]