国元证券给予道通科技“买入”评级，2025年年度业绩预告点评：拥抱AI成效显著，业绩实现快速增长

Group 1 - The core viewpoint of the report is that Guoyuan Securities has given a "buy" rating to Daotong Technology (688208.SH) based on its strong annual performance and rapid profit growth [1] - The company has successfully implemented its AI strategy, focusing on commercial applications [1] - Daotong Technology has submitted an application for a Hong Kong stock listing, which is part of its strategy to enhance its global presence [1] Group 2 - The report highlights several risks associated with the company, including the risk of technological obsolescence, talent loss, core technology leakage, intellectual property disputes, overseas operational risks, raw material supply risks, exchange rate fluctuations, declining gross margins, macroeconomic environment risks, high inventory levels, and market competition [1]