Core Viewpoint - Dingyang Technology (stock code: 688112.SH) has launched two high-end testing and measurement instruments, showcasing its strong R&D capabilities and strategic foresight, marking the 9th and 10th new products since 2025, with a focus on high-precision measurement and signal integrity analysis [1][2][10]. Product Launch and Market Positioning - The newly launched SDM4075A series 7½-digit digital multimeter achieves extreme measurement accuracy, capturing nV-level voltage and pA-level current, which is crucial for IoT devices and low-power circuits [2][4]. - The SAP8000D active differential probe features an 8 GHz bandwidth and 300 fF ultra-low input capacitance, addressing the challenges of signal integrity in high-speed digital environments [1][6]. Financial Performance and Growth - In the first half of 2025, Dingyang Technology reported a revenue of 279 million yuan, a year-on-year increase of 24.61%, with high-end product lines, particularly high-resolution oscilloscopes and RF microwave products, seeing a revenue growth of 71.92% [7][9]. - The company's net profit attributable to shareholders reached 76.88 million yuan, reflecting a year-on-year growth of 31.54%, indicating an improvement in profitability that outpaces revenue growth [9]. R&D Investment and Innovation - Dingyang Technology has consistently increased its R&D investment, with expenditures rising from 57.61 million yuan in 2022 to 86.10 million yuan in 2023, and projected to exceed 100 million yuan in 2024 [12][14]. - The company’s R&D efforts are aligned with global technological trends, focusing on emerging fields such as 5G communication, new energy vehicles, semiconductors, and artificial intelligence, which are expected to drive growth in the electronic testing and measurement instrument market [12][14]. Strategic Outlook - The launch of SDM4075A and SAP8000D reinforces the company's commitment to innovation as a core growth driver, positioning it well to capitalize on the expanding market opportunities driven by technological advancements and domestic substitution trends [12][14].

Core Insights - The company, Dingyang Technology, announced the official release of the SDM4075A series 7½-digit digital multimeter and the SAP8000D active differential probe on September 17, 2025, which can accurately capture small signals [1][2] Product Details - The SDM4075A features a 7½-digit resolution, capable of detecting nanovolt-level voltage, picoamp-level current, and micro-ohm-level resistance changes, aiding in low-power circuit design, high-precision sensor testing, and new material research [1] - It has a wide dynamic measurement range from low-power currents to 30A high currents, allowing precise analysis of IoT device power consumption in both standby and operational states, and meeting the testing needs of high-power devices [1] - The SAP8000D active differential probe offers an 8GHz bandwidth and 300fF ultra-low input capacitance, supporting both differential and single-ended measurements with excellent common-mode rejection performance, suitable for high-speed serial bus validation and signal integrity analysis [1] Strategic Implications - The launch of these new products demonstrates the company's technological innovation, market adaptability, and product development capabilities, enriching its product matrix and expanding application scenarios [2] - This development is expected to strengthen and enhance the company's overall competitiveness, positively impacting its future growth [2]

Group 1 - The company, Dingyang Technology, officially launched the SDM4075A series 7½-digit digital multimeter and the SAP8000D active differential probe on September 17, 2025, which can accurately capture small signals [1] - The SDM4075A features a resolution of 7½ digits, capable of detecting nanovolt-level voltage, picoamp-level current, and micro-ohm-level resistance changes, aiding in low-power circuit design, high-precision sensor testing, and new material research [1] - The wide dynamic measurement range of the SDM4075A covers low-power currents to 30A, allowing precise analysis of IoT device power consumption in standby and operational states, as well as meeting testing needs for high-power devices [1] Group 2 - The SAP8000D active differential probe has an 8GHz bandwidth and 300fF ultra-low input capacitance, supporting differential and single-ended measurements with excellent common-mode rejection performance [1] - The probe is suitable for high-speed serial bus validation, signal integrity analysis, and high-frequency circuit debugging, applicable in various testing scenarios such as welding, handheld, or fixture setups [1] - The launch of these new products reflects the company's technological innovation, market adaptability, and product development capabilities, enriching the product matrix and expanding application scenarios, which will positively impact the company's future development and enhance its overall competitiveness [2]

Group 1 - The company, Dingyang Technology, officially launched the SDM4075A series 7½-digit digital multimeter and the SAP8000D active differential probe on September 17, 2025, which can accurately capture small signals [1] - The SDM4075A features a resolution of 7½ digits, capable of detecting nanovolt-level voltage, picoamp-level current, and micro-ohm-level resistance changes, aiding in low-power circuit design, high-precision sensor testing, and new material research [1] - The wide dynamic measurement range of the SDM4075A covers low-power currents to 30A high currents, allowing precise analysis of IoT device power consumption in standby and operational states, as well as meeting testing needs for high-power devices [1] Group 2 - The SAP8000D active differential probe has an 8GHz bandwidth and 300fF ultra-low input capacitance, supporting differential and single-ended measurements with excellent common-mode rejection performance [1] - The SAP8000D is suitable for high-speed serial bus validation, signal integrity analysis, and high-frequency circuit debugging, applicable in various testing scenarios such as welding, handheld, or fixture setups [1] - The launch of these new products reflects the company's technological innovation, market adaptability, and product development capabilities, enriching the product matrix and expanding application scenarios, which will positively impact the company's future development and enhance its overall competitiveness [2]