【私募调研记录】中略投资调研鼎阳科技

Group 1 - The core viewpoint of the news highlights the significant growth of Dingyang Technology, with a 93% year-on-year increase in revenue for Q1 2025, driven by a successful high-end development strategy [1] - Dingyang Technology's high-end product revenue share increased to 29%, up by 8.85 percentage points year-on-year, indicating a strong market position [1] - The company has implemented a "produce one generation, research one generation, reserve one generation" R&D strategy, continuously launching more competitive high-end products [1] Group 2 - The market sizes for spectrum analyzers, signal generators, and vector network analyzers are reported as $1.403 billion, $905 million, and $784 million respectively, with projected compound annual growth rates (CGR) of 6.80%, 5.89%, and 6.37% from 2022 to 2027 [1] - In 2024, Dingyang Technology's direct sales revenue is projected to be 75.67 million yuan, accounting for 15.21% of total revenue, reflecting a year-on-year increase of 1.69 percentage points [1]