道通科技净利润新高，AI叙事初步奏效？

Core Viewpoint - Daotong Technology (688208.SH) reported record-high revenue and net profit in its semi-annual report, indicating strong growth and effective global strategies despite challenges in the global trade environment [2] Financial Performance - The company achieved a revenue of 2.345 billion yuan and a net profit of 480 million yuan, marking a year-on-year increase of 24.29% [2] - The non-recurring net profit grew by 64.12% to 475 million yuan, with a dividend payout of 5.8 yuan per 10 shares, the highest in three years [2] - The stock price rose from 9 yuan to 36 yuan since February 2024, with a market capitalization of 24.676 billion yuan as of August 18 [2] Business Segments - The traditional maintenance smart terminal business generated 1.54 billion yuan in revenue, up 22.96%, with products including automotive diagnostics and TPMS [3] - The energy intelligence business saw the fastest growth, achieving 524 million yuan in revenue, a 40.47% increase, driven by smart charging solutions [3] - The AI and software business generated 281 million yuan, with a high gross margin of 99%, contributing significantly to overall profitability [4] Strategic Initiatives - The company has established production bases in Shenzhen, Vietnam, and North Carolina, with plans for a facility in Mexico, enhancing its global supply chain [2] - The shift from one-time equipment sales to ongoing service fees reflects a change in the business model, positioning the company for higher premiums in the smart hardware ecosystem [5] - The company is expanding its partnerships with major players in the electric vehicle charging infrastructure, further solidifying its global business footprint [3]