证券代码：688668 证券简称：鼎通科技 公告编号：2025-038 东莞市鼎通精密科技股份有限公司 关于召开 2025 半年度业绩说明会的公告 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。 重要内容提示： ? 会议召开时间：2025 年 08 月 11 日 （星期一） 15:00-16:00 （一） 会议召开时间：2025 年 08 月 11 日 （星期一） 15:00-16:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 ? 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 ? 投资者可于 2025 年 08 月 04 日 （星期一） 至 08 月 08 日 （星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dt-stocks@dingtong.net.cn 进行提问。公司将在说明会上对投资者普遍关注 ...

证券代码：688668 证券简称：鼎通科技 公告编号：2025-038 东莞市鼎通精密科技股份有限公司 关于召开 2025 半年度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 08 月 11 日 （星期一） 15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 08 月 04 日 （星期一） 至 08 月 08 日 （星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dt-stocks@dingtong.net.cn 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 东莞市鼎通精密科技股份有限公司（以下简称"公司"）已于 2025 年 7 月 31 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [4][17]. Core Viewpoints - The company has experienced significant revenue and profit growth in the first half of 2025, driven by strong demand for its AI-driven communication connectors and the gradual ramp-up of its 112G products [2][3]. - The automotive segment is stabilizing, with successful trials of the BMW BMS Gen6 project and ongoing expansion into high-voltage connector markets [2][3]. - The company is increasing its R&D investment, with a 36.47% year-on-year increase in R&D expenses in the first half of 2025, reflecting a commitment to innovation and global industrialization [3]. Financial Summary - Revenue is projected to grow from 683 million yuan in 2023 to 2,688 million yuan by 2027, with a compound annual growth rate (CAGR) of approximately 26.6% [1]. - Net profit is expected to rise from 67 million yuan in 2023 to 405 million yuan in 2027, with a CAGR of about 27.5% [1]. - The company achieved a gross margin of 28.26% and a net margin of 14.71% in the first half of 2025, indicating improved profitability [2].

Group 1 - The core viewpoint of the news is that Ding Tong Technology (688668) experienced a decline in stock price, closing at 90.02 yuan, down 6.13% as of August 1, 2025 [1] - The trading volume was 121,600 hands, with a transaction amount of 1.108 billion yuan [1] - The net outflow of main funds was 14.09 million yuan, accounting for 1.27% of the transaction amount, with significant outflows from large orders [1] Group 2 - For the latest financial performance, Ding Tong Technology reported total operating revenue of 785 million yuan, a year-on-year increase of 73.51%, and a net profit attributable to shareholders of 115 million yuan, up 134.06% [1] - The company has a current ratio of 3.505, a quick ratio of 2.653, and a debt-to-asset ratio of 21.22% [1] - Ding Tong Technology was established in 2003 and is primarily engaged in the rubber and plastic products industry, with a registered capital of 138.73 million yuan [1][2] Group 3 - The company has made investments in 4 enterprises and participated in 17 bidding projects [2] - It holds 4 trademark registrations and 150 patent registrations, along with 25 administrative licenses [2]

东莞市鼎宏骏盛投资有限公司（以下简称"出让方"）保证向东莞市鼎通精 密科技股份有限公司（以下简称"鼎通科技"、"公司"）提供的信息内容不存在 任何虚假记载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法 承担法律责任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：688668 证券简称：鼎通科技 公告编号：2025-037 东莞市鼎通精密科技股份有限公司 股东询价转让定价情况提示性公告 （二）经出让方与组织券商协商，一致决定启动追加认购程序，追加认购截 止时间不晚于 2025 年 8 月 14 日。 二、风险提示 （一）本次询价转让受让方及受让股数仅为初步结果，尚存在拟转让股份被 司法冻结、扣划等风险。询价转让的最终结果以中国证券登记结算有限责任公司 上海分公司最终办理结果为准。 （二）本次询价转让不涉及公司控制权变更，不会影响公司治理结构和持续 经营。 特此公告。 1 东莞市鼎通精密科技股份有限公司董事会 重要内容提示： 根据 2025 年 8 月 1 日询价申购情况，初步确定的本次询价转让价格为 76.72 元/股。 一、本次询价转让初步定价 （一）经向机构投资 ...

鼎通科技(688668.SH)公告称，根据2025年8月1日询价申购情况，初步确定的本次询价转让价格为76.72 元/股。出让方与组织券商协商一致决定启动追加认购程序，追加认购截止时间不晚于2025年8月14日。 ...

Investment Rating - The report maintains a "Buy" investment rating for several companies in the computer and AI sectors, including 亿道信息 (Yidao Information), 科大讯飞 (iFlytek), 唯科科技 (Weike Technology), 泓淋电力 (Honglin Electric), 嘉和美康 (Jiahe Meikang), 寒武纪 (Cambricon), 鼎通科技 (Dingtong Technology), and 迈信林 (Maixinlin) [11][54]. Core Insights - The computer industry has shown strong relative performance, with a 12-month increase of 58.4%, outperforming the 沪深 300 index which only increased by 19.2% [3]. - 阿里巴巴 (Alibaba) launched the Qwen3-Coder, a state-of-the-art open-source code model with 480 billion parameters, which supports 358 programming languages and can handle up to 1 million tokens [4][20]. - 钛动科技 (Titan Technology) introduced the world's first marketing AI agent, Navos, which aims to enhance overseas marketing efficiency for Chinese enterprises by integrating big data and multi-modal AI [5][29]. - AI programming platform Lovable completed a $200 million Series A funding round, achieving a valuation of $1.8 billion, and has raised a total of approximately $224 million to date [37][40]. Summary by Sections Computing Power Dynamics - The report notes stable pricing in computing power rentals, with specific rates for various configurations [19][21]. - The Qwen3-Coder model is highlighted as a significant advancement in open-source coding models, featuring a hybrid expert architecture and advanced attention mechanisms [20][24]. AI Application Dynamics - Kimi's average user engagement time increased by 65.38% week-on-week, indicating strong user interest [28]. - The launch of Navos by 钛动科技 is positioned as a transformative solution for Chinese brands looking to expand internationally, offering comprehensive marketing services [29][31]. AI Financing Trends - Lovable's recent funding success underscores the growing interest and investment in AI programming platforms, with a notable increase in annual recurring revenue [37][38]. Market Review - The report provides a recap of market performance, noting significant fluctuations in AI-related indices and highlighting key performers within the sector [43][51]. Investment Recommendations - The report emphasizes the positive outlook for companies involved in AI and computing, particularly those with successful product launches and strong market demand [51][52].

Group 1 - The core point of the news is that Ding Tong Technology (688668.SH) plans to conduct a non-public share transfer of 4,176,000 shares, representing 3.00% of its total share capital, prior to its initial public offering [1] - The share transfer is organized by CITIC Securities and is intended for institutional investors with appropriate pricing and risk-bearing capabilities [1] - Ding Hong Jun Sheng, the selling shareholder, is the controlling shareholder of Ding Tong Technology, and its total shareholding, along with its concerted parties, exceeds 5% of the total share capital [1] Group 2 - Ding Tong Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 21, 2020, with an issuance of 21.29 million shares at a price of 20.07 yuan per share, raising a total of 427 million yuan [2] - The net proceeds from the initial public offering amounted to 378 million yuan, with 324 million yuan allocated for connector production base construction and 53.82 million yuan for research and development center construction [2] - The total amount raised by Ding Tong Technology from two fundraising activities is 1.227 billion yuan [4] Group 3 - In 2023, Ding Tong Technology issued 13.33 million shares to specific investors, raising a total of approximately 800 million yuan, with a net amount available for use of about 785 million yuan after deducting issuance costs [3] - The funds were fully in place by December 8, 2022, and were verified by a certified public accountant [3]

据证券之星公开数据整理，近期鼎通科技（688668）发布2025年中报。截至本报告期末，公司营业总收 入7.85亿元，同比上升73.51%，归母净利润1.15亿元，同比上升134.06%。按单季度数据看，第二季度 营业总收入4.06亿元，同比上升57.19%，第二季度归母净利润6250.07万元，同比上升101.16%。本报告 期鼎通科技应收账款上升，应收账款同比增幅达57.1%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率28.26%，同比增2.56%，净利率14.71%，同比增 34.89%，销售费用、管理费用、财务费用总计4810.94万元，三费占营收比6.13%，同比减24.71%，每股 净资产13.4元，同比增7.23%，每股经营性现金流0.13元，同比增656.98%，每股收益0.83元，同比增 130.56% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 4.52亿 | 7.85亿 | 73.51% | | 归母净利润(元) | 4930.28万 | 1.15 Z | 134.06% | | ...

Core Viewpoint - DingTong Technology (688668) demonstrated strong growth in its 2025 mid-year report, with significant increases in revenue and net profit, particularly in the communications sector [2][9]. Financial Performance - Total operating revenue reached 785 million yuan, a year-on-year increase of 73.51% [2]. - Net profit attributable to shareholders was 115 million yuan, up 134.06% year-on-year [2]. - Non-recurring net profit was 107 million yuan, reflecting a 137.34% increase year-on-year [2]. - In Q2, total operating revenue was 406 million yuan, a 57.19% increase year-on-year [2]. - Net profit for Q2 was 62.5 million yuan, up 101.16% year-on-year [2]. - Gross margin was 28.26%, an increase of 2.56 percentage points year-on-year [8]. - Net margin was 14.71%, up 34.89 percentage points year-on-year [8]. - Earnings per share were 0.83 yuan, a 130.56% increase year-on-year [8]. - Operating cash flow per share was 0.13 yuan, reflecting a 656.98% increase year-on-year [8]. - The ratio of operating expenses to revenue was 6.13%, down 24.71% year-on-year [8]. - R&D expenses grew by 36.47%, accounting for 6.95% of operating revenue [8]. Cash Flow and Debt - Net cash flow from operating activities increased by 659.55%, driven by rapid growth in communications business revenue [3]. - Cash and cash equivalents amounted to 59.08 million yuan, while current liabilities were 145 million yuan, resulting in a cash to current liabilities ratio of only 69.56% [4]. - Accounts receivable stood at 534 million yuan, representing 484.39% of net profit, indicating potential future cash flow impacts [5]. - Interest-bearing debt rose to 101 million yuan, a significant increase of 1604.04% year-on-year [8]. Industry Context - DingTong Technology operates in the "C39 Computer, Communication, and Other Electronic Equipment Manufacturing" sector, focusing on high-speed communication connectors and automotive connectors [6]. - The communications industry is experiencing a high growth cycle due to the commercialization of 5G and the advancement of new infrastructure, with the global market for communication connectors expected to reach 21.489 billion USD by 2025 [6]. - The company has seen significant growth in its communications business, with monthly order increases for its 112G series products and small-scale production of its 224G series products [6].