Investment Rating - The report initiates coverage with a "Buy" rating for the company [3][5]. Core Insights - The establishment of a joint venture in Spain is aimed at accelerating the company's globalization efforts, enhancing collaboration with a leading automotive parts manufacturer, and reducing overseas investment risks [1]. - The company has experienced pressure on profitability in the first three quarters, with revenue of 2.709 billion yuan, up 8.92% year-on-year, but a net profit of 192 million yuan, down 43.93% year-on-year [2]. - The company is actively expanding its customer base in the new energy vehicle sector, having become a qualified supplier for major manufacturers like Tesla and BYD [2]. Financial Summary - Revenue projections for 2025-2027 are estimated at 4 billion, 4.6 billion, and 5.3 billion yuan, respectively, with corresponding net profits of 420 million, 525 million, and 601 million yuan [3][4]. - The company's gross margin is projected to be 21.1% in 2024, decreasing to 20.4% in 2025, and stabilizing around 20.8% by 2027 [11]. - The company’s total assets are expected to grow from 6.855 billion yuan in 2024 to 7.758 billion yuan in 2027 [10][11].

Core Viewpoint - The company, Doli Technology, has announced the establishment of a joint venture in Spain to expand its automotive parts production capabilities for the European market [2] Group 1: Company Announcement - Doli Technology's second board meeting approved the proposal for its subsidiary, Kunshan Daya Automotive Parts Co., Ltd., to set up a joint venture with EDERLANSUBSIDIARIES in Spain [2] - The joint venture, named LIEDERAUTOMOTIVE, S.L., aims to create a production base that will serve customers in the European market [2] - The company has received documentation confirming the completion of equity registration and capital increase for the joint venture [2] Group 2: Investment Details - The initial capital increase has been conducted in accordance with the agreed shareholding ratios between Hong Kong Doli and EDERLANSUBSIDIARIES [2]

滁州多利汽车科技股份有限公司 关于子公司对外投资并设立合资公司的进展公告 证券代码：001311 证券简称：多利科技 公告编号：2026-001 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、交易概述 2025 年 9 月 10 日，滁州多利汽车科技股份有限公司（简称"公司"）第二届董事 会第二十四次会议以 9 票同意，0 票反对，0 票弃权，审议通过了《关于子公司对外投 资并设立合资公司的议案》，同意子公司昆山达亚汽车零部件有限公司通过其全资子 公司多利香港控 股有限公司（简称" 香港多利"）与西班牙公司 EDERLAN SUBSIDIARIES, S.A.（简称"EDERLAN SUBSIDIARIES"）在西班牙设立合资公司 LIEDER AUTOMOTIVE, S.L.（简称"利霭德"），建设辐射欧洲市场的生产基地，为 有关客户生产和配套汽车零部件产品。具体内容详见公司于 2025 年 9 月 11 日刊登在 《中国证券报》《证券时报》《上海证券报》《证券日报》《经济参考报》及深圳证 券交易所网站和巨潮资讯网（http://www.cninfo. ...

Group 1 - The core point of the article is that Doli Technology has agreed to establish a joint venture named Lidaide in Spain with EDERLANSUBSIDIARIES, with a registered capital of 6 million euros [1] - The ownership structure of the joint venture is 70% held by Hong Kong Doli and 30% by EDERLANSUBSIDIARIES following the capital increase [1] - The investment is funded through self-owned or self-raised funds and has completed the necessary filing [1] Group 2 - The joint venture's establishment is part of Doli Technology's strategy to expand its operations in the automotive parts sector [1] - There are potential risks associated with the investment, including the possibility of returns not meeting expectations and challenges in operational management [1]

Group 1 - The core viewpoint of the news is that Doli Technology's stock has seen a significant increase of 5.03%, reaching a price of 35.32 CNY per share, with a trading volume of 1.27 billion CNY and a turnover rate of 4.72%, resulting in a total market capitalization of 109.67 billion CNY [1] - Doli Technology, established on June 7, 2010, is located in Kunshan, Jiangsu Province, and specializes in the development, production, and sales of automotive stamping parts and related molds. The main business revenue composition is as follows: stamping and integrated die-casting parts account for 93.64%, others 4.54%, and stamping molds 1.82% [1] Group 2 - From the perspective of major fund holdings, Huazhong Fund has a significant position in Doli Technology through its Huazhong Carbon Neutral Mixed A Fund (015989), which held 401,800 shares in the third quarter, unchanged from the previous period, representing 5.31% of the fund's net value and ranking as the sixth-largest holding. The estimated floating profit today is approximately 679,100 CNY [2] - The Huazhong Carbon Neutral Mixed A Fund was established on February 7, 2023, with a latest scale of 154 million CNY. Year-to-date returns are 7.72%, ranking 2116 out of 9009 in its category; the one-year return is 64.92%, ranking 1097 out of 8164; and since inception, the return is 27.76% [2]

Group 1 - The core viewpoint of the article highlights that as of January 9, 2026, the total number of shareholders on the company's register, excluding credit accounts, is approximately 17,800 [2] - The company plans to actively expand its customer base and product offerings, continuously improving customer structure and diversifying product types to enhance market competitiveness [2]

Group 1 - The company, Multi-Tech, responded to investor inquiries on its interactive platform regarding shareholder information as of December 31, 2025, indicating that further details will be disclosed in the upcoming "2025 Annual Report" [2]

Group 1 - The core viewpoint of the news is the performance and financial metrics of Doli Technology, which saw a stock price increase of 1.06% to 32.42 CNY per share, with a trading volume of 179 million CNY and a turnover rate of 7.14%, resulting in a total market capitalization of 10.067 billion CNY [1] - Doli Technology, established on June 7, 2010, and listed on February 27, 2023, specializes in the development, production, and sales of automotive stamping parts and related molds, with its main business revenue composition being 93.64% from stamping and integrated die-casting parts, 4.54% from others, and 1.82% from stamping molds [1] Group 2 - Among the top circulating shareholders of Doli Technology, Penghua Fund's Penghua Dynamic Growth Mixed Fund (LOF) increased its holdings by 251,700 shares in the third quarter, bringing its total to 872,500 shares, which represents 1.11% of the circulating shares, with an estimated floating profit of approximately 296,600 CNY [2] - The Penghua Dynamic Growth Mixed Fund (LOF) was established on January 9, 2007, with a latest scale of 1.375 billion CNY, achieving a year-to-date return of 28.31% and a one-year return of 25.27%, ranking 3,396 out of 8,085 in its category [2]

Group 1 - The company held its second extraordinary general meeting of 2025 on December 9, 2025, where it approved the board of directors' re-election and proposals for changes in registered capital and amendments to the articles of association [2] - The company has completed the business registration change and received a new business license from the Chuzhou Market Supervision Administration, with a registered capital of 310.509334 million RMB [2] - The company is engaged in various automotive-related activities, including research and development of auto parts, manufacturing, wholesale and retail of auto parts, mold manufacturing, and technical import and export [2]

国泰海通证券股份有限公司 关于滁州多利汽车科技股份有限公司 2025 年度持续督导培训情况的工作报告 根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》，国 泰海通证券股份有限公司（以下简称"国泰海通"、"保荐机构"）作为滁州多 利汽车科技股份有限公司（以下简称"多利科技"、"公司"）持续督导的保荐 机构，于 2025 年 12 月 22 日对公司董事、高级管理人员、中层以上管理人员及 公司实际控制人等相关人员进行了持续督导培训。 现将本次培训的相关情况报告如下： 一、本次持续督导培训的基本情况 本次培训主要内容为《深圳证券交易所股票上市规则》《上市公司募集资金 监管规则》等法律法规，内容包括募集资金使用和管理、关联交易、股份锁定与 减持、信息披露规则、对外担保、内幕信息管理等相关规定以及上市公司违规案 例分析等。 公司参会人员就部分问题向国泰海通授课人员进行了咨询提问，国泰海通授 课人员现场进行了解答。 三、本次持续督导培训的结论 国泰海通认为：通过培训讲解及讨论的方式，促进培训对象增强法制观念和 诚信意识，加强理解作为上市公司管理人员在公司信息披露、规范运作等方面所 应承担的责任和义务。此 ...