证券代码：688668 证券简称：鼎通科技 公告编号：2025-014 东莞市鼎通精密科技股份有限公司 第三届监事会第八次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 东莞市鼎通精密科技股份有限公司（以下简称"公司"）第三届监事会第八 次会议于 2025 年 4 月 17 日在公司会议室通过现场结合网络形式召开。会议通知 已于 2025 年 4 月 7 日通过纸质或邮件的方式送达各位监事。本次会议应出席监 事 3 人，实际出席监事 3 人。 会议由监事会主席徐浩主持。会议召开符合有关法律、法规、规章和《公 司章程》的规定。出席会议的监事对各项议案进行了认真审议并做出了如下决议： 二、监事会会议审议情况 （一）审议通过《关于公司 2024 年年度报告及其摘要的议案》 监事会认为：《公司 2024 年年度报告及其摘要》的编制符合相关法律法规及 《公司章程》的有关规定，报告真实、准确、完整地反映了公司的财务状况和经 营情况，不存在虚假记载、误导性陈述或重大遗漏。 表决结果：3 票同意，0 ...

东莞市鼎通精密科技股份有限公司 东莞市鼎通精密科技股份有限公司 第三届董事会独立董事专门会议 第四次会议决议 东莞市鼎通精密科技股份有限公司（以下简称"公司"）第三届独立董事第 四次专门会议于 2025 年 4 月 17 日在东莞市东城街道周屋社区银珠路七号鼎通科 技会议室以现场结合通讯的方式召开。会议通知已于 2025 年 4 月 7 日通过纸质 或邮件的方式送达各位独立董事。本次会议应出席独立董事 2 人，实际出席独立 董事 2 人。 会议由独立董事彭文平主持。会议召开符合有关法律、法规、规章和《公 司章程》的规定。经各位独立董事认真审议，会议形成了如下决议： 一、审议通过《关于公司会计政策变更的议案》 独立董事认为：本次会计政策变更是公司根据中华人民共和国财政部发布的 《企业会计准则解释第 17 号》、《企业数据资源相关会计处理暂行规定》及《企 业会计准则解释第 18 号》的规定和要求进行的合理变更。变更后的会计政策能 够更加客观、公允地反映公司的财务状况和经营成果，符合相关法律法规的规定 和公司实际情况，不会对公司财务状况、经营成果和现金流量产生重大影响，也 不存在损害公司及股东利益的情形。 表决结果 ...

证券代码：688668 证券简称：鼎通科技 公告编号：2025-015 东莞市鼎通精密科技股份有限公司（以下简称"公司"）第三届董事会第十 次会议于 2025 年 4 月 17 日在东莞市东城街道周屋社区银珠路七号公司会议室 以现场结合通讯的方式召开。会议通知已于 2025 年 4 月 7 日以书面或邮件的方 式送达各位董事。本次会议应出席董事 5 人，实际出席董事 5 人。 东莞市鼎通精密科技股份有限公司 第三届董事会第十次会议决议公告 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、 董事会会议召开情况 会议由董事长王成海主持，监事、高管列席。会议召开符合有关法律、法规、 规章和《公司章程》的规定。 二、董事会会议审议情况 （一）审议通过《关于公司 2024 年度报告及其摘要的议案》 董事会认为：《公司 2024 年年度报告及其摘要》的编制符合相关法律法规 及《公司章程》的有关规定，报告真实、准确、完整地反映了公司的财务状况和 经营情况，不存在虚假记载、误导性陈述或重大遗漏。 表决结果：5 票同意，0 票反对，0 ...

东莞市鼎通精密科技股份有限公司 关于提请股东大会授权董事会制定 2025 年中期分红 方案的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对公告内容的真实性、准确性和完整性承担个别及连带责任。 为加大投资者回报力度，提高投资者获得感，东莞市鼎通精密科技股份有限 公司（以下简称"公司"）根据《中华人民共和国公司法》《上市公司监管指引第 3 号——上市公司现金分红》《公司章程》的有关规定，结合公司实际情况，公 司董事会申请股东大会授权董事会根据股东大会决议在符合利润分配的前提条 件下制定 2025 年中期分红方案并在规定期限内实施，具体安排如下： 证券代码：688668 证券简称：鼎通科技 编号：2025-013 一、 2025 年中期分红安排 1、中期分红的前提条件 （1）公司当期盈利，累计未分配利润为正； （2）公司的现金流能够满足正常经营及持续发展需求。 2、中期分红的金额上限：不超过当期归属于上市公司股东净利润的 40%。 3、中期分红的授权安排 为简化分红程序，董事会提请股东大会授权董事会根据股东大会决议在符合 中期分红的前提条件下和金额范围内，全权办理公司 2 ...

证券代码：688668 证券简称：鼎通科技 编号：2025-008 东莞市鼎通精密科技股份有限公司 关于 2024 年度利润分配预案的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对公告内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 一、利润分配预案内容 经立信会计师事务所（特殊普通合伙）审计，截至 2024 年 12 月 31 日，东 莞市鼎通精密科技股份有限公司（以下简称"公司"）2024 年度归属于上市公 司股东的净利润为人民币 110,336,433.07 元，期末可供分配利润为人民币 360,130,658.34 元。经董事会审议，公司 2024 年年度拟以实施权益分派股权登记 日的总股本为基数分配利润，本次利润分配预案如下： 利润的 62.87%，如在实施权益分派股权登记日前公司总股本发生变动的，公司 拟维持每股分配不变，相应调整现金分红总金额。 公司 2024 年度利润分配预案已经公司第三届董事会第十次会议审议通过， 尚需公司 2024 年年度股东大会审议通过。 二、公司履行的决策程序 （一）会议的召开、审议和表决情况 公司于 2025 ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥378,692,097.94, representing a 95.25% increase compared to ¥193,948,424.31 in the same period last year[4] - Net profit attributable to shareholders was ¥52,896,288.61, a significant increase of 190.12% from ¥18,232,625.04 year-on-year[4] - Basic earnings per share rose to ¥0.38, reflecting a 192.31% increase compared to ¥0.13 in the same period last year[4] - The company reported a total profit of 203.65 million, driven by growth in operating profit[8] - The net profit for the first quarter of 2025 was CNY 52,896,288.61, a significant increase from CNY 18,232,625.04 in the same period of 2024, representing a growth of approximately 189%[17] - The total comprehensive income for the first quarter of 2025 reached CNY 52,928,516.57, compared to CNY 17,401,127.32 in the first quarter of 2024, indicating an increase of about 204%[17] Cash Flow - The net cash flow from operating activities improved to ¥8,601,371.07, a 360.65% increase from a negative cash flow of ¥3,300,026.64 in the previous year[4] - Cash flow from operating activities amounted to 360.65 million, attributed to increased cash receipts from sales[8] - Operating cash flow for the first quarter of 2025 was CNY 8,601,371.07, a turnaround from a negative cash flow of CNY -3,300,026.64 in the first quarter of 2024[19] - The company reported cash inflows from operating activities of CNY 305,983,557.16 in the first quarter of 2025, compared to CNY 175,181,991.10 in the same quarter of 2024, reflecting an increase of approximately 74%[19] - The company’s financing activities generated a net cash inflow of CNY 36,990,697.69 in the first quarter of 2025, compared to CNY 1,373,084.91 in the first quarter of 2024[20] Research and Development - Research and development expenses totaled ¥26,319,377.94, up 47.58% from ¥17,833,523.18, although the R&D expense as a percentage of operating revenue decreased to 6.95% from 9.19%[5] - Research and development expenses for Q1 2025 were ¥26,319,377.94, up 47.5% from ¥17,833,523.18 in Q1 2024[16] - Research and development expenses rose to 47.58 million, indicating increased investment in R&D projects[8] Assets and Liabilities - Total assets increased by 6.02% to ¥2,307,388,095.61 from ¥2,176,381,723.94 at the end of the previous year[5] - Total assets increased to ¥2,307,388,095.61 as of March 31, 2025, up from ¥2,176,381,723.94 at the end of 2024, a growth of 6.0%[14] - Total liabilities reached ¥445,969,339.03 as of March 31, 2025, compared to ¥371,937,834.36 at the end of 2024, an increase of 20.0%[15] - Total liabilities from leases increased to 202.80 million, primarily due to new factory leases during the reporting period[8] - Expected liabilities increased to 158.85 million, corresponding to the rise in sales revenue[8] Operating Costs - Operating costs for Q1 2025 were ¥321,141,276.07, up 80.8% from ¥177,442,016.22 in Q1 2024[16] - The total operating expenses for the first quarter of 2025 were CNY 297,382,186.09, compared to CNY 178,482,017.74 in the first quarter of 2024, indicating an increase of approximately 67%[19] Other Financial Metrics - The weighted average return on equity improved to 2.84%, an increase of 1.79 percentage points from 1.05%[4] - The company experienced a credit impairment loss of 2,570.40 million, linked to increased accounts receivable due to higher sales[8] - Investment income decreased by 98.69 million, primarily due to changes in trading financial assets[8] - Cash and cash equivalents increased by 68.33% due to the maturity of a structured deposit in March 2025[7] - Cash and cash equivalents at the end of the first quarter of 2025 totaled CNY 85,048,552.01, up from CNY 182,259,740.24 at the end of the first quarter of 2024[20] - Accounts receivable rose to ¥499,613,724.39 as of March 31, 2025, compared to ¥399,175,459.63 at the end of 2024, an increase of 25.2%[13]

Financial Performance - The company's operating revenue for 2024 reached ¥1,031,666,436.43, representing a 51.12% increase compared to ¥682,664,235.03 in 2023[20]. - Net profit attributable to shareholders for 2024 was ¥110,336,433.07, a 65.74% increase from ¥66,570,396.43 in the previous year[20]. - The basic earnings per share for 2024 increased to ¥0.80, up 66.67% from ¥0.48 in 2023[22]. - The weighted average return on equity rose to 6.03% in 2024, an increase of 2.17 percentage points from 3.86% in 2023[22]. - The net cash flow from operating activities for 2024 was ¥116,472,820.59, a 45.73% increase from ¥79,922,457.71 in 2023[20]. - The company achieved a total revenue of 1,031.67 million yuan in 2024, representing a 51.12% increase compared to the previous year, and a net profit attributable to shareholders of 110.34 million yuan, up 65.74% year-on-year[33]. - The company's comprehensive gross margin for the reporting period was 27.41%[92]. - The company reported a significant increase in sales orders for communication connectors, attributed to strong market demand driven by rapid AI development[104]. - The gross profit margin for communication connectors was 28.94%, with a slight decrease of 0.05 percentage points compared to the previous year[109]. Research and Development - Research and development expenses accounted for 8.87% of operating revenue in 2024, down from 10.65% in 2023[22]. - The company’s R&D investment increased to 91.52 million yuan, a growth of 25.92% year-on-year, accounting for 8.87% of total revenue[37]. - The company has applied for 3 new invention patents and obtained 5 invention patents during the reporting period, bringing the total to 46 invention patents, 81 utility model patents, and 3 design patents[58][59]. - The company is developing high-speed communication connectors with single-channel speeds reaching 224G, in line with advancements in AI and 6G technology[57]. - The company is focusing on the development of intelligent and customized connectors to enhance product competitiveness in emerging markets such as wearable devices and smart homes[56]. - The company has established a professional R&D team focusing on precision mold design and automation development, enhancing production efficiency and stability[83]. - The R&D team includes a diverse educational background, with a significant number of personnel holding advanced degrees[82]. - The company is committed to innovation in connector technology, ensuring compliance with rigorous performance metrics[70]. Market and Industry Trends - The global connector market size is projected to reach $90 billion in 2023 and further increase to $95.4 billion in 2024[49]. - The demand for connectors is driven by the rise of 5G networks and AI, with a significant increase in data transmission requirements[49]. - The automotive sector, particularly electric vehicles, requires 600-1,000 connectors per vehicle, significantly higher than traditional vehicles[51]. - The connector industry faces high technical barriers, requiring expertise in multiple fields such as mold design and quality management[53]. - The connector industry is experiencing a shift towards concentration, with major players emerging in a previously fragmented market[55]. Corporate Governance - The company has no special arrangements for corporate governance[8]. - The board of directors will play a central role in governance, ensuring compliance with laws and regulations while enhancing risk management capabilities[149]. - The company has not reported any major adverse effects from competition with its controlling shareholders[6]. - The company is committed to protecting the legal rights of minority shareholders[6]. - The company has maintained effective communication with investors, ensuring equal access to information for all shareholders[6]. Future Outlook and Strategic Plans - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares (including tax), totaling RMB 69,364,823.00 based on a total share capital of 138,729,646 shares as of March 31, 2025[5]. - The company’s future plans and development strategies are subject to investment risks and do not constitute a commitment to investors[6]. - The company plans to continue investing in new technologies and expanding its market presence in the upcoming periods[139]. - The company aims to enhance its product portfolio with advanced technology and higher data transmission speeds[66]. - The company plans to implement a stable profit distribution policy, ensuring that cash dividends account for at least 10% of the distributable profits each year[190]. Operational Efficiency - The company has upgraded its production process to fully automated systems, improving product stability and yield rates[73]. - The company has established a salary management system that links employee performance to compensation, ensuring fairness and motivation[186]. - The company has a training plan that includes both internal and external training to enhance employee skills and efficiency[187]. - The company reported a significant decrease in financial expenses by 80.40%, mainly due to reduced bank deposits[126]. Shareholder Relations - The company held 6 shareholder meetings and 13 board meetings during the reporting period, ensuring compliance with relevant regulations and maintaining shareholder rights[150]. - The company plans to continue enhancing investor relations and communication strategies[6]. - The board must obtain approval from more than half of the independent directors and a majority of the board before submitting the profit distribution plan to the shareholders' meeting[198].

Core Viewpoint - DingTong Technology (688668.SH) reported significant growth in its Q1 2025 financial results, with a notable increase in both revenue and net profit driven by rising demand for communication connectors [1] Financial Performance - The company's revenue for Q1 2025 reached 379 million yuan, representing a year-on-year increase of 95.25% [1] - The net profit attributable to shareholders was 52.8963 million yuan, showing a year-on-year growth of 190.12% [1] Business Drivers - The increase in revenue and profit is primarily attributed to heightened demand for communication connector products [1]

鼎通科技公告，2024年营业收入10.32亿元，同比增长51.12%。归属于上市公司股东的净利润1.1亿元， 同比增长65.74%。公司2024年度利润分配预案为向全体股东每10股派发现金红利5元(含税)，不以公积 金转增股本，不送红股。 ...

Investment Rating - The report maintains a "Buy" rating for the companies mentioned, indicating a positive outlook for their performance in the market [11][50]. Core Insights - The report highlights the launch of Alibaba's Qwen2.5-Omni, a new flagship multimodal model designed for comprehensive multimodal perception, capable of processing various inputs including text, images, audio, and video [4][19]. - DeepSeek-V3 has been released with significant performance improvements, becoming the strongest non-inference model, and is expected to accelerate AI applications in vertical fields [11][26]. - Anthropic has completed a $3.5 billion financing round, raising its valuation to $61.5 billion, showcasing the rapid growth and competition in the AI sector [36][37]. Summary by Sections 1. Computing Power Dynamics - Computing power rental prices remain stable, with specific pricing details provided for various configurations [18][21]. - Alibaba's Qwen2.5-Omni is positioned as a significant advancement in the AI landscape, emphasizing its capabilities in real-time interaction and multimodal processing [19][20]. 2. AI Application Dynamics - Gemini's search traffic increased by 6.85%, indicating growing interest in AI applications [25]. - The new version of DeepSeek, with 685 billion parameters, has shown remarkable performance improvements and is now open-sourced under the MIT license, enhancing its accessibility and potential for commercial applications [26][27]. 3. AI Financing Trends - Anthropic's recent funding round of $3.5 billion reflects the intense competition and rapid capital influx in the AI sector, with a total of over $4.5 billion raised in just three months [36][37]. 4. Investment Recommendations - The report suggests focusing on companies like 嘉和美康 (688246.SH), 科大讯飞 (002230.SZ), and others that are positioned to benefit from advancements in AI technology and applications [11][50].