Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [6]. Core Insights - The company is projected to achieve a revenue of between 3.8 billion to 4 billion CNY in 2024, representing a year-on-year growth of 16.88% to 23.03%. The net profit attributable to shareholders is expected to be between 620 million to 680 million CNY, showing a significant increase of 245.92% to 279.39% [1]. - The digital maintenance business continues to lead the industry, with expected revenue of approximately 2.95 billion to 3.09 billion CNY in 2024. The digital energy business is also expanding, with projected revenue of around 830 million to 890 million CNY [2]. - The company is exploring new growth areas in integrated air-ground solutions, leveraging generative AI technology for smarter and more efficient inspection operations in energy and transportation sectors [3]. - The company focuses on R&D, production, sales, and services related to new energy charging piles, automotive diagnostics, and electronic components, indicating a broad future growth potential [4]. Financial Projections - The adjusted revenue forecasts for 2024-2026 are 3.91 billion, 4.62 billion, and 5.36 billion CNY, respectively. The net profit forecasts for the same period are 641.56 million, 706.20 million, and 827.92 million CNY, with corresponding EPS of 1.42, 1.56, and 1.83 CNY per share [4][8]. - The company’s revenue growth rates are projected at 20.36% for 2024, 18.12% for 2025, and 15.90% for 2026, with net profit growth rates of 257.95%, 10.07%, and 17.24% for the same years [10].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [10]. Core Insights - The company has released a 2024 earnings forecast, expecting revenue between 3.8 billion to 4.0 billion RMB, representing a year-on-year growth of 16.9% to 23.0%, with a midpoint of 3.9 billion RMB and a year-on-year increase of 20.0% [2]. - The company is focusing on robotics and AI as a new growth curve, having established a wholly-owned subsidiary for robotics and launched a "ground-air integrated cluster intelligence solution" centered on generative AI, with collaborations with major clients like PetroChina [3]. - The digital energy business is projected to benefit significantly from overseas growth, with expected revenue of 830 million to 890 million RMB in 2024, reflecting a year-on-year increase of 51.8% [4]. - The digital repair business is expected to remain a stable contributor, with projected revenue of 2.95 billion to 3.09 billion RMB in 2024, indicating a year-on-year growth of 14.0% [5]. Financial Projections - The total revenue forecast for 2024 is set at 3.953 billion RMB, with a year-on-year growth of 21.59% [10]. - The net profit attributable to the parent company is expected to reach 644.31 million RMB in 2024, showing a significant year-on-year increase of 259.48% [10]. - The earnings per share (EPS) is projected to be 1.43 RMB for 2024, with a price-to-earnings (P/E) ratio of 25.46 based on the latest diluted share price [10].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating an expected stock price increase of over 15% relative to the benchmark index within the next 12 months [5][12]. Core Insights - The company is projected to achieve revenue of 3.99 billion to 4.0 billion yuan in 2024, representing a year-on-year growth of 16.88% to 23.03%. The net profit attributable to shareholders is expected to be between 620 million and 680 million yuan, showing a significant increase of 245.92% to 279.39% [1]. - The digital energy business is showing strong momentum, with expected revenue of 830 million to 890 million yuan in 2024. The company has established a diverse product matrix to meet the varied needs of overseas customers [1][2]. - The company is committed to expanding its global presence, having established production bases in Shenzhen, Vietnam, and North Carolina, USA, enhancing its global service capabilities [2]. - The integration of generative AI technology is a key focus, with the company developing intelligent solutions for the energy and transportation sectors, aiming to accelerate technology transfer and innovation [2]. - A stock incentive plan has been approved for 229 employees, granting 9.7696 million restricted shares to boost morale and promote long-term development [3]. Financial Projections - Revenue forecasts for 2024, 2025, and 2026 are 3.99 billion, 4.99 billion, and 6.37 billion yuan, respectively, with year-on-year growth rates of 22.6%, 25.1%, and 27.7% [3][4]. - The net profit attributable to shareholders is projected to be 650 million, 800 million, and 970 million yuan for the same years, with growth rates of 260.4%, 23.8%, and 21.7% [3][4]. - The current stock price corresponds to a price-to-earnings ratio of 25, 20, and 16 for 2024, 2025, and 2026, respectively, reflecting the company's high-end market positioning and growth potential [3][4].

Investment Rating - The report maintains a "Buy" rating for the company with a current price of 35.30 CNY and a fair value of 43.43 CNY [3]. Core Views - The company is expected to achieve significant revenue growth in 2024, with projected revenue between 3.8 billion to 4.0 billion CNY, representing a year-on-year increase of 16.9% to 23.0%. The net profit attributable to the parent company is forecasted to be between 620 million to 680 million CNY, reflecting a substantial increase of 245.9% to 279.4% [8][9]. - The company is actively expanding its AI applications, leveraging its experience in the automotive and drone sectors to develop intelligent inspection solutions for the energy and transportation industries [7][9]. Financial Forecasts - Revenue projections for 2024 to 2026 are as follows: - 2024: 3.9 billion CNY, growth rate of 20.0% - 2025: 4.6 billion CNY, growth rate of 18.3% - 2026: 5.3 billion CNY, growth rate of 14.5% [2]. - The net profit attributable to the parent company is expected to be: - 2024: 645 million CNY - 2025: 785 million CNY - 2026: 954 million CNY [2][11]. - Earnings per share (EPS) are projected to be: - 2024: 1.43 CNY - 2025: 1.74 CNY - 2026: 2.11 CNY [2][11]. Business Segments - The digital energy business is anticipated to generate revenue of 830 million to 890 million CNY in 2024, with a growth rate of 46.5% to 57.1%. The digital maintenance business is expected to achieve revenue of 2.95 billion to 3.09 billion CNY, with a growth rate of 9.9% to 15.1% [9][11].

Investment Rating - The report maintains a "Recommendation" rating for the company, indicating an expected stock performance that will outperform the market by 10% to 20% within the next six months [1][9][13]. Core Insights - The company is projected to achieve a revenue of 3.8 billion to 4 billion yuan in 2024, reflecting a year-on-year growth rate of 16.88% to 23.03%. The net profit attributable to shareholders is expected to be between 620 million to 680 million yuan, with a staggering growth rate of 245.92% to 279.39% [3][6]. - The company is focusing on enhancing its digital maintenance business and capitalizing on opportunities in the overseas new energy charging sector, with expected revenues of 2.95 billion to 3.09 billion yuan and 830 million to 890 million yuan respectively [6][7]. - The introduction of the "Air-Ground Integrated Cluster Smart Solution" aims to leverage AI technology to improve inspection efficiency and quality, with applications already in the energy and transportation sectors [7][9]. Financial Performance Summary - The company’s revenue for 2023 is reported at 3.25 billion yuan, with projections of 3.96 billion yuan for 2024, 4.83 billion yuan for 2025, and 5.95 billion yuan for 2026, indicating a compound annual growth rate [5][10]. - The net profit for 2023 is 179 million yuan, with forecasts of 651 million yuan for 2024, 754 million yuan for 2025, and 940 million yuan for 2026, showcasing significant growth potential [10][11]. - The gross margin is expected to remain stable around 54% to 54.9% over the next few years, while the net profit margin is projected to increase significantly to 16.5% by 2024 [11][12]. Market Position and Strategy - The company has established a strong global sales network covering over 120 countries, focusing on new energy core businesses and accelerating its strategic transformation [9][10]. - The strategic partnerships and collaborations with leading companies in the robotics and energy sectors are expected to enhance the company's innovation capabilities and market reach [7][9].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 （一）业绩预告期间 2024年1月1日至2024年12月31日。 （二）业绩预告情况 1、经财务部门初步测算，预计2024年年度实现营业收入380,000.00万元至400,000.00万元，与上年同期 相比，将增加54,884.78万元至74,884.78万元，同比增长16.88%至23.03%。 2、预计2024年年度实现归属于母公司所有者的净利润为62,000.00万元至68,000.00万元，与上年同期相 比，将增加44,076.67万元至50,076.67万元，同比增长245.92%至279.39%。 3、预计2024年年度实现归属于母公司所有者的扣除非经常性损益的净利润为52,000.00万元至58,000.00 万元，与上年同期相比，将增加15,317.12万元至21,317.12万元，同比增长41.76%至58.11%。 （三）本次业绩预告未经注册会计师审计。 二、上年同期业绩情况和财务状况 上年同期营业收入：325,115.22万元。 ...

Revenue Projections - The company expects 2024 annual revenue to be between 3,800 million and 4,000 million CNY, an increase of 54.88 million to 74.88 million CNY, representing a year-on-year growth of 16.88% to 23.03%[3]. - The digital maintenance business is projected to achieve revenue of approximately 2,950 million to 3,090 million CNY during the reporting period[6]. - The digital energy business is expected to generate revenue of approximately 830 million to 890 million CNY during the reporting period[6]. Profit Projections - The projected net profit attributable to the parent company for 2024 is expected to be between 620 million and 680 million CNY, an increase of 440.77 million to 500.77 million CNY, reflecting a year-on-year growth of 245.92% to 279.39%[3]. - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between 520 million and 580 million CNY, an increase of 153.17 million to 213.17 million CNY, with a year-on-year growth of 41.76% to 58.11%[3]. R&D and Innovation - The company plans to increase R&D investment in integrated smart solutions for air and ground operations, with a quarterly increase of approximately 50 million CNY in R&D expenses[7]. - The company is actively pursuing digital transformation and organizational capability building, integrating generative AI technology into digital processes[7]. Non-Recurring Gains and Losses - The company anticipates non-recurring gains and losses for 2024 to be approximately 96 million to 105 million CNY, primarily from the transfer of equity in a subsidiary[8]. Performance Forecast - The company has not identified any significant uncertainties that would affect the accuracy of the performance forecast[9]. - The performance forecast data is preliminary and subject to final audited financial results in the 2024 annual report[10].

根据公司《2024 年员工持股计划》的相关规定，本员工持股计划存续期不超过 24 个月，自公司公告最后一笔标的股票过户至本员工持股计划名下之日起计算。存 续期满后，本员工持股计划即终止，也可经本员工持股计划约定的审批程序延长。本 员工持股计划所获标的股票的锁定期为 12 个月，自公司公告最后一笔标的股票过户 至本员工持股计划名下之日起计算。锁定期满后，一次性解锁并分配权益至持有人。 公司将持续关注本次员工持股计划的实施进展情况，并按照相关法律法规的规定 及时履行信息披露义务。敬请广大投资者注意投资风险。 | 股票代码：688208 | 股票简称：道通科技 公告编号：2025-002 | | --- | --- | | 转债代码：118013 | 转债简称：道通转债 | 深圳市道通科技股份有限公司 关于 2024 年员工持股计划非交易过户完成的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 深圳市道通科技股份有限公司（以下简称"公司"）分别于 2024 年 9 月 28 日召 开了第四届董事会第十四次会议和第四届监事会 ...

股票代码：688208 股票简称：道通科技 公告编号：2025-001 ● 累计转股情况：截至 2024 年 12 月 31 日，"道通转债"累计共有人民币 290,000 元已转换为公司股票，累计转股数量 8,353 股，占"道通转债"转股前公司已发行股 份总额的 0.0018%。 ● 未转股可转债情况：截至 2024 年 12 月 31 日，"道通转债"尚未转股的可转 债金额为 1,279,710,000 元，占"道通转债"发行总量的 99.9773%。 ● 本季度转股情况：自 2024 年 10 月 1 日至 2024 年 12 月 31 日期间，"道通转 债"共有人民币 32,000 元已转换为公司股票，转股数量为 942 股。 一、可转债发行上市概况 转债代码：118013 转债简称：道通转债 深圳市道通科技股份有限公司 可转债转股结果暨股份变动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 三、股本变动情况 经中国证监会"证监许可〔2022〕852 号"文核准，深圳市道通科技股份有限 公司 ...

各位参会人员本次会议观点和信息仅限于此次受邀的海通证券客户中的专业投资者参考所有参与者均负有合规参会义务和保密义务严禁私自录音录像 道听科技的这个交流汇报我提的还是卫星的马克音道听的话之前被大家所除之是因为空间中出海的这个逻辑那今天上半年的股价还是比较不错的超出收益的然后今天下半年包括最近那其实股价也有些也有些不错的表现那这个主要的逻辑还是在于公司 严禁传播会议纪要或泄露会议内容严禁发表诱导他人发表或传播违规言论市场有风险 投资需谨慎投资者应自主独立决策一海之言 一海通达 海通研究小程序金门财经 全时等是研究所指定会议平台各位听众朋友们早上好今天由我和我们组的这个胡锡进老师一起主持 在AI领域有一些新的布局包括上周跟宇思科技签了关于AI产品的相关的一些合作协议然后包括公司本身它的下股东旗下有两家做相关AI包括无人机的公司实际上后续也会给上述公司做一些业务的修成的困难具体的情况今天也听了门主的 胡老师来给大家先讲一讲好的 谢谢马老师各位领导 大家上午好那么我汇报一下就是淘通的上周交流关于AI这块的一个主要内容首先就是公司在上周交流会上然后也是重点展示了AI领域的一个进展 像集团层面包括AI然后加机器人再加无人机 ...