上会会计师事务所（特殊普通合伙） 关于鼎捷数智股份有限公司 向不特定对象发行可转换公司债券的第二轮审核问询函的 回复 上会业函字(2025)第 1007 号 深圳证券交易所： 贵所《关于鼎捷数智股份有限公司申请向不特定对象发行可转换公司债券的 第二轮审核问询函》（审核函〔2025〕020027 号）（以下简称"问询函"）已收悉。 上会会计师事务所（特殊普通合伙）(以下简称"我们"或"申报会计师")作为 鼎捷数智股份有限公司(以下简称"鼎捷数智"、"公司"或"发行人") 向不特定 对象发行可转换公司债券聘请的审计机构，对贵所问询函中提出的问题进行了认 真落实，现对问询函回复如下，请予审核。 本回复中所用的术语、名称、简称，除特别注明外，与其在《鼎捷数智股份 有限公司向不特定对象发行可转换公司债券募集说明书（修订稿）》中的含义相 同。 | 字体 | 含义 | | --- | --- | | 黑体加粗 | 问询函所列问题 | | 宋体 | 对问询函所列问题的回复 | | 楷体加粗 | 对问询回复、募集说明书的修订补充 | 本问询函回复报告中的字体代表以下含义： 本回复中若各加数直接相加之和与合计数在尾数上存在差异， ...

法律意见书 北京海润天睿律师事务所 关于鼎捷数智股份有限公司 向不特定对象发行可转换公司债券的 补充法律意见书 （三） [2025]海字第 021-3 号 | 目 录 1 | | --- | | 声 明 3 | | 第一部分 补充核查期间的信息更新 4 | | 一、发行人本次发行的批准和授权 4 | | 二、发行人本次发行的主体资格 7 | | 三、发行人本次发行的实质条件 8 | | 四、发行人持股 5%以上股东 13 | | 五、发行人的股本及其演变 15 | | 六、发行人的业务 16 | | 七、关联交易及同业竞争 17 | | 八、发行人的主要财产 21 | | 九、发行人的重大债权债务 28 | | 十、发行人的重大资产变化及收购兼并 29 | | 十一、发行人章程的制定与修改 29 | | 十二、发行人的税务 30 | | 十三、需要说明的其他问题 34 | | 第二部分 《问询函》回复更新 36 | | 一、《补充法律意见书（一）》之《问询函》问题 1 36 | | 二、《补充法律意见书（一）》之《问询函》问题 2 44 | | 三、《补充法律意见书（一）》之《问询函》问题 3 56 | | ...

兴业证券股份有限公司 关于 鼎捷数智股份有限公司 向不特定对象发行可转换公司债券 之 发行保荐书 保荐机构（主承销商） （福州市湖东路 268 号） 2025 年 9 月 鼎捷数智股份有限公司 发行保荐书 兴业证券股份有限公司 关于鼎捷数智股份有限公司 向不特定对象发行可转换公司债券之 发行保荐书 兴业证券股份有限公司接受鼎捷数智股份有限公司的委托，担任其本次向不 特定对象发行可转换公司债券的保荐机构，王贤和李海东作为具体负责推荐的保 荐代表人，特为其出具本发行保荐书。 本保荐机构和保荐代表人根据《公司法》和《证券法》等有关法律法规和中 国证监会、交易所的有关规定，诚实守信、勤勉尽责，并严格按照依法制定的业 务规则、行业执业规范和道德准则出具本发行保荐书，并保证所出具文件的真实 性、准确性、完整性。 3-1-1 | 目 | 录 2 | | --- | --- | | 释 | 义 3 | | 第一节 | 本次证券发行基本情况 4 | | | 一、本次证券发行具体负责推荐的保荐代表人 4 | | | 二、本次证券发行项目协办人及项目组其他成员 4 | | | 三、发行人基本情况 4 | | | 四、保荐机构与发行 ...

鼎捷数智股份有限公司向不特定对象发行可转换公司债券申请文件 审核问询函回复 上会会计师事务所（特殊普通合伙） 关于鼎捷数智股份有限公司 向不特定对象发行可转换公司债券的审核问询函的回复 上会业函字（2025）第 1204 号 深圳证券交易所： 贵所 2025 年 4 月 29 日出具的《关于鼎捷数智股份有限公司申请向不特定对 象发行可转换公司债券的审核问询函》(审核函〔2025〕020017 号)(以下简称"问询 函")已收悉，上会会计师事务所(特殊普通合伙)(以下简称"我们"或"申报会计师") 作为鼎捷数智股份有限公司(以下简称"鼎捷数智"、"公司"或"发行人") 向不特定 对象发行可转换公司债券聘请的审计机构，对贵所问询函中提出的问题进行了认 真落实，现对问询函回复如下，请审核。 本回复中所用的术语、名称、简称，除特别注明外，与其在《鼎捷数智股份 有限公司向不特定对象发行可转换公司债券募集说明书（修订稿）》中的含义相 同。 本问询函回复报告中的字体代表以下含义： | 字体 | 含义 | | --- | --- | | 黑体加粗 | 问询函所列问题 | | 宋体 | 对问询函所列问题的回复 | | 楷体加粗 ...

鼎捷数智股份有限公司 审计报告 上会师报字(2024)第 15112 号 上会会计师事务所(特殊普通合伙) 史 上海 您可使用手机"扫一扫"或进入 注册会计师行业统一监管平台（http://acc.mof.gov.cn/ 报告编码:沪2 6-1-1 会会计师事务所(特殊善通合伙) Shanghai Certified Public Accountants (Special General Partnership) 审计报告 上会师报字(2024)第 15112 号 鼎捷数智股份有限公司全体股东: 一、审计意见 我们审计了鼎捷数智股份有限公司(以下简称"鼎捷数智")财务报表,包括 2023 年 12月 31 日、2022 年 12月 31 日及 2021 年 12 月 31 日的合并及公司资产负债表, 2023 年度、2022年度及 2021 年度的合并及公司利润表、合并及公司现金流量表、合 并及公司所有者权益变动表以及相关财务报表附注。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编制,公 允反映了鼎捷数智 2023 年 12 月 31 日、2022 年 12 月 31 日及 2021 年 1 ...

鼎捷数智股份有限公司 关于公司向不特定对象发行可转换公司债券的审核问 询函回复及募集说明书等申请文件更新的提示性公告 证券代码：300378 证券简称：鼎捷数智 公告编码：2025-09096 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 鼎捷数智股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日收到深圳 证券交易所（以下简称"深交所"）出具的《关于鼎捷数智股份有限公司申请向 不特定对象发行可转换公司债券的审核问询函》（审核函〔2025〕020017 号）， 于 2025 年 7 月 7 日收到深交所出具的《关于鼎捷数智股份有限公司申请向不特 定对象发行可转换公司债券的第二轮审核问询函》（审核函〔2025〕020027 号）。 公司按照审核问询函的要求，会同相关中介机构对审核问询函所列问题进行了逐 项落实并作出回复及修订，同时对募集说明书等申请文件进行了相应补充和更新， 具体内容详见公司于巨潮资讯网（http://www.cninfo.com.cn）披露的相关公告。 鉴于公司 2025 年半年度报告已公开披露，公司会同相关中介机构对审核问 询 ...

Core Viewpoint - The company reported steady growth in its 2025 semi-annual report, with significant achievements in AI commercialization, leading to a 125.91% year-on-year increase in AI business revenue [1][5]. Financial Performance - In the first half of 2025, the company achieved revenue of 1.045 billion, a year-on-year increase of 4.08%, and a net profit attributable to shareholders of 45 million, up 6.09% year-on-year. However, the net profit excluding non-recurring items decreased by 9.89% to 36 million [2]. AI Integration and Product Development - The company’s AI capabilities, integrated with the Dingjie Athena platform and major models like Microsoft Azure GPT, have led to the launch of the first AI-integrated PLM product, securing nearly 100 client contracts and several successful deployments [3][5]. - The AI-enabled product upgrades have resulted in a revenue increase of 11.05% in the R&D design sector, generating 57 million [3]. Operational Efficiency - AI tools have been utilized to enhance internal operations, leading to a 9.94% reduction in R&D investment to 162 million, while the total number of employees decreased by 6.26% to 4,794 [4]. - The company strategically focuses on high-value self-developed products in the AIoT sector, improving business gross margins [4]. International Business Expansion - The company’s overseas operations showed robust growth, particularly in Southeast Asia, where revenue increased by over 60% year-on-year, contributing to a solid foundation for global expansion [1][4]. - In the first half of 2025, non-mainland China business revenue reached 569 million, a year-on-year increase of 3.65% [4]. Future Projections - Revenue projections for 2025-2027 are estimated at 2.613 billion, 2.933 billion, and 3.297 billion, with year-on-year growth rates of 12.09%, 12.26%, and 12.43% respectively. Net profit attributable to shareholders is expected to be 203 million, 248 million, and 302 million, with growth rates of 30.49%, 22.16%, and 21.61% [1][5].

Core Viewpoint - Dingjie Smart experienced a stock price decline of 2.00% on September 3, with a current price of 49.87 CNY per share and a total market capitalization of 13.534 billion CNY [1] Financial Performance - For the first half of 2025, Dingjie Smart achieved operating revenue of 1.045 billion CNY, representing a year-on-year growth of 4.08%, and a net profit attributable to shareholders of 45.0267 million CNY, up 6.09% year-on-year [2] - The company has distributed a total of 311 million CNY in dividends since its A-share listing, with 65.588 million CNY distributed over the past three years [3] Stock Market Activity - The stock has seen a significant increase of 93.00% year-to-date, but has recently declined by 18.78% over the last five trading days and 22.73% over the last twenty days [1] - Dingjie Smart has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on August 8, where it recorded a net buy of -140 million CNY [1] Shareholder Information - As of August 20, the number of shareholders for Dingjie Smart was 54,000, a decrease of 12.90% from the previous period, while the average circulating shares per person increased by 14.81% to 4,988 shares [2] - Notable changes in institutional holdings include a decrease in shares held by major shareholders such as招商优势企业混合A and富国新兴产业股票A/B, while new shareholders like中欧互联网混合A and财通资管数字经济混合发起式A have entered the top ten list [3] Business Overview - Dingjie Smart, established on December 26, 2001, and listed on January 27, 2014, is based in Shanghai and specializes in providing digital transformation, smart manufacturing, and industrial internet solutions [1] - The company's revenue composition includes 47.89% from smart technology services, 28.11% from self-developed smart software products, and 23.99% from integrated smart hardware and software solutions [1] Industry Classification - Dingjie Smart is classified under the computer software development sector, specifically in horizontal general software, and is associated with concepts such as MCP, ERP, industrial software, smart logistics, and AI Agent [2]

Investment Rating - The report initiates coverage with a rating of "Accumulate" [2][10] Core Insights - The company, Dingjie Smart, reported a revenue of 1.045 billion yuan for H1 2025, reflecting a year-on-year increase of 4.08%, and a net profit attributable to shareholders of 45 million yuan, up 6.09% year-on-year [5] - The AI business has shown significant growth, with revenue increasing by 125.91% year-on-year in H1 2025, driven by the integration of AI capabilities into various applications [6] - The company is focusing on high-quality growth through AI empowerment, optimizing internal management, and enhancing product competitiveness across four major business areas [6][7] Company Overview - Latest closing price: 54.00 yuan - Total shares: 271 million, circulating shares: 269 million - Total market capitalization: 14.7 billion yuan, circulating market capitalization: 14.5 billion yuan - 52-week high/low: 66.06/16.09 yuan - Debt-to-asset ratio: 31.3% - Price-to-earnings ratio: 93.10 - Largest shareholder: Foxconn Industrial Internet Co., Ltd. [4] Financial Performance and Forecast - Revenue projections for 2025-2027 are 2.624 billion, 3.010 billion, and 3.475 billion yuan, with year-on-year growth rates of 12.57%, 14.71%, and 15.45% respectively [9] - Net profit attributable to shareholders is forecasted to be 206 million, 254 million, and 303 million yuan for the same period, with growth rates of 32.47%, 23.22%, and 19.19% respectively [10] - The company aims to enhance operational efficiency and profitability through AI tools, resulting in a reduction of total employees by 6.26% year-on-year as of H1 2025 [6]

Core Viewpoint - The company reported its 2025 H1 financial results, which met expectations, showing a revenue of 1.045 billion yuan and a net profit of 45 million yuan, indicating a year-on-year growth of 4.08% and 6.09% respectively [1] Financial Performance - In 2025 H1, the company achieved a revenue of 1.045 billion yuan, a year-on-year increase of 4.08% - The net profit attributable to shareholders was 45 million yuan, reflecting a year-on-year growth of 6.09% - The net profit after deducting non-recurring items was 36 million yuan, which represents a year-on-year decrease of 9.89% [1] AI Business Growth - The AI business experienced significant growth, with revenue increasing by 125.91% year-on-year in 2025 H1 - The company leveraged its Athena platform to enhance AI applications, effectively empowering customer operations and reducing raw material costs by approximately 15% while improving product quality by 8% [2] - The company has successfully expanded its customer base across various industries, including automotive parts and equipment, establishing replicable benchmark cases [2] Internal Efficiency Improvements - The introduction of AI tools has led to enhanced management efficiency, with a total employee count of 4,794 as of the end of 2025 H1, a decrease of 6.26% from the previous year - The management expense ratio was 11.08%, a slight decrease of 0.04 percentage points year-on-year, while the R&D expense ratio was 8.20%, down 1.34 percentage points year-on-year [2] Business Segments Embracing AI - The company launched the first AI-integrated PLM system in the industry, signing contracts with nearly 100 clients and successfully deploying in several cases, which has effectively increased the average transaction value [3] - The AI intelligent suite was introduced to accelerate the integration of AI with ERP systems, adding new functionalities to enhance customer acceptance and penetration of AI [3] Regional Performance - In mainland China, the company reported a revenue of 476 million yuan in 2025 H1, a year-on-year increase of 4.61%, focusing on profitability improvement amid a slowdown in growth - In non-mainland regions, revenue reached 569 million yuan, a year-on-year increase of 3.65%, with a focus on AI opportunities in Taiwan and digitalization markets in Southeast Asia, where revenue grew by 60.87% year-on-year [3] Revenue Forecast - The company forecasts total revenue for 2025-2027 to be 2.06 billion yuan, 2.54 billion yuan, and 3.03 billion yuan respectively, with year-on-year growth rates of 32.47%, 23.22%, and 19.19% [4] Investment Recommendation - The company has initiated coverage with a "Buy" rating [5]