格隆汇2月27日丨鼎通科技(688668.SH)公布2025年度业绩快报，2025年度公司实现营业收入15.84亿元， 较上年同比增长53.52%；实实现归属于上市公司股东的净利润2.41亿元，较上年同比增长118.68%；实 现归属于上市公司股东的扣除非经常性损益的净利润2.23亿元，较上年同比增长140.25%。主要系报告 期内，AI算力的快速发展，服务器、数据中心等对高速通讯连接器及其组件需求旺盛，从而提高了公 司的营业收入和利润。 ...

格隆汇2月27日丨鼎通科技(688668.SH)公布2025年度业绩快报，2025年度公司实现营业收入15.84亿元， 较上年同比增长53.52%；实实现归属于上市公司股东的净利润2.41亿元，较上年同比增长118.68%；实 现归属于上市公司股东的扣除非经常性损益的净利润2.23亿元，较上年同比增长140.25%。主要系报告 期内，AI算力的快速发展，服务器、数据中心等对高速通讯连接器及其组件需求旺盛，从而提高了公 司的营业收入和利润。 ...

证券日报网讯 2月27日，鼎通科技发布公告称，公司2025年度实现营业总收入158378.48万元，同比增长 53.52%；归属于上市公司股东的净利润24128.08万元，同比增长118.68%。 （文章来源：证券日报） ...

每经AI快讯，鼎通科技2月27日晚间发布2025年度业绩快报，营业收入约15.84亿元，同比增加53.52%； 归属于上市公司股东的净利润约2.41亿元，同比增加118.68%；基本每股收益1.74元，同比增加 117.5%。 每经头条（nbdtoutiao）——中美大反转，中国AI调用量首超美国，A股嗨了，多板块掀涨停潮！华尔 街知名分析师：中国算力路径颠覆传统认知 （记者 王晓波） ...

证券代码：688668 证券简称：鼎通科技 公告编号：2026-013 东莞市鼎通精密科技股份有限公司 2025年度业绩快报公告 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。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具 体数据以东莞市鼎通精密科技股份有限公司（以下简称"公司"）2025年年度报告中披 露的数据为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 （二）上表中有关项目增减变动幅度达30%以上的，增减变动的主要原因 1、2025年度公司预计营业收入为158,378.48万元，营业利润为26,120.53万元，利 润总额为26,023.73万元，归属于母公司所有者的净利润为24,128.08万元，归属于母公 司所有者的扣除非经常性损益的净利润为22,270.44万元，相较于上年同期均实现大幅 度增长，主要系报告期内，AI算力的快速发展，服务器、数据中心等对高速通讯连接 器及其组件需求旺盛，从而提高了公司的营业收入和利润。 2、2025年度公司预计基本每股收益为1.7 ...

Core Viewpoint - The A-share market saw a significant rally in communication equipment stocks, with multiple companies reaching their daily price limits and substantial year-to-date gains reported [1][2]. Group 1: Stock Performance - Zhongtian Technology (600522) increased by 10.01%, with a market capitalization of 94.2 billion and a year-to-date gain of 52.26% [2] - Hengtong Optic-Electric (600487) rose by 10.00%, with a market cap of 109.4 billion and a year-to-date increase of 79.26% [2] - Tongding Interconnection (002491) saw a rise of 9.97%, with a market cap of 12.9 billion and a year-to-date gain of 74.67% [2] - Fenghuo Communication (600498) increased by 7.28%, with a market cap of 62.1 billion and a year-to-date gain of 42.46% [2] - Tianfu Communication (300394) rose by 6.91%, with a market cap of 283.9 billion and a year-to-date increase of 79.84% [2] - Ruijie Networks (301165) increased by 6.58%, with a market cap of 71.4 billion and a year-to-date gain of 1.05% [2] - Dingtong Technology (688668) rose by 6.36%, with a market cap of 21.7 billion and a year-to-date increase of 25.65% [2] - Yongding Co., Ltd. (600105) increased by 5.98%, with a market cap of 43.5 billion and a year-to-date gain of 18.65% [2] - Xinke Mobile (688387) rose by 5.70%, with a market cap of 55.2 billion and a year-to-date increase of 25.12% [2] - StarNet Ruijie (002396) increased by 5.30%, with a market cap of 18 billion and a year-to-date gain of 1.65% [2] - Feiling Kesi (301191) rose by 5.20%, with a market cap of 8.863 billion and a year-to-date increase of 18.88% [2] - Huiyuan Communication (000586) increased by 5.10%, with a market cap of 3.07 billion and a year-to-date gain of 17.29% [2] - ST Jinglun (600355) rose by 4.84%, with a market cap of 640 million and a year-to-date decrease of 41.96% [2] - Dayi Co., Ltd. (300504) increased by 4.75%, with a market cap of 4.304 billion and a year-to-date gain of 6.65% [2] - Hengwei Technology (603496) rose by 4.75%, with a market cap of 10.1 billion and a year-to-date increase of 15.69% [2] - Changfei Optical Fiber (601869) increased by 4.53%, with a market cap of 197.8 billion and a year-to-date gain of 105.31% [2] - Zhongguang Lightning Protection (300414) rose by 4.47%, with a market cap of 5.405 billion and a year-to-date increase of 10.90% [2]

Group 1 - The A-share market saw a collective surge in communication equipment stocks, with notable gains from companies such as Zhongtian Technology, Hengtong Optic-Electric, and Tongding Interconnection reaching the daily limit [1] - Zhongtian Technology's stock increased by 10.01%, with a total market capitalization of 94.2 billion and a year-to-date increase of 52.26% [2] - Hengtong Optic-Electric also rose by 10.00%, boasting a market cap of 109.4 billion and a year-to-date increase of 79.26% [2] Group 2 - Tongding Interconnection's stock price increased by 9.97%, with a market capitalization of 12.9 billion and a year-to-date increase of 74.67% [2] - Fenghuo Communication's stock rose by 7.28%, with a market cap of 62.1 billion and a year-to-date increase of 42.46% [2] - Tianfu Communication and Ruijie Networks saw increases of 6.91% and 6.58%, respectively, with market caps of 283.9 billion and 71.4 billion [2] Group 3 - Other companies such as Yonding Co., Xinke Mobile, and Xingwang Ruijie also experienced gains of over 5%, indicating a strong performance across the sector [1] - The overall positive trend in these stocks is supported by the formation of a MACD golden cross signal, suggesting a favorable market condition for these companies [1]

Market Overview - The domestic market indices showed positive performance with the Shanghai Composite Index closing at 4,147.23, up by 0.72% [4] - The Shenzhen Component Index increased by 1.29%, closing at 14,475.87 [4] Coal Industry Analysis - The coal industry report highlights the impact of rising overseas coal prices on domestic coal prices, indicating a need for close monitoring [5][6] - Domestic thermal coal prices are stabilizing with a slight adjustment, as production decreases due to increased holiday shutdowns in coal mines. The spot price for thermal coal in the Bohai Rim region was reported at 717 CNY/ton, with a weekly change of +0.70% [9] - Coking coal prices remained stable, with the main coking coal price at 1,660 CNY/ton, unchanged from the previous week [9] - The report suggests that supply will gradually recover post-holiday, and attention should be paid to downstream replenishment demand and market recovery [9] Company Analysis: DingTong Technology (688668.SH) - DingTong Technology forecasts a revenue of 1.59 billion CNY for 2025, representing a year-on-year growth of 54.4%, and a net profit of 240 million CNY, up by 119.6% [12] - The company is experiencing significant growth in high-speed communication products, with expectations for 112G product shipments to exceed 2 million units monthly by 2026 [12] - The production capacity for communication connectors is set to increase significantly following the issuance of convertible bonds, with an additional annual capacity of 12 million connectors and 20 million precision structural components [12] - The report anticipates a rapid increase in the penetration rate of liquid cooling solutions for optical modules, with production capacity expected to reach 780,000 units annually [12] - The automotive connector segment is also expected to grow, with a focus on BMS projects, and an anticipated increase in production capacity of 344,000 units [12] Investment Recommendations - The report suggests that the loosening of the US dollar credit system may lead to a revaluation of physical assets, benefiting companies in the coal sector such as Guanghui Energy and others [9] - For coking coal, companies like Panjiang Coal and Shanxi Coking Coal are highlighted as potential investment opportunities [9] - In the thermal coal sector, companies such as Yanzhou Coal, Shanxi International Energy, and China Shenhua are recommended for consideration [9]

格隆汇2月25日｜山西证券研报指出，鼎通科技预计2025年实现营收15.9亿元，同比增长54.4%，实现归 母净利润2.4亿元，同比增长119.6%，报告期内，在AI驱动下通讯连接器市场需求旺盛，公司高速通讯 产品显著增长，112G产品持续放量，公司产能不断释放带动业绩增长。随着客户订单落地，公司2026 年112G产品月出货有望突破200万、224G月出货有望达40-50万。公司可转债募投后将新增年产1200万 通讯连接器CAGE和20000万件通讯连接器精密结构件产能。汽车连接器持续推进大客户BMS项目，可 转债募投后产能再获提升。另外，1.6T、3.2T 时代，光模块液冷渗透率有望快速提升，公司已进入量产 状态。维持"买入-B"评级。 ...

Investment Rating - The report maintains a "Buy-B" rating for the company [1] Core Insights - The company is expected to achieve a revenue of 1.59 billion yuan in 2025, representing a year-on-year growth of 54.4%, and a net profit attributable to the parent company of 240 million yuan, which is a 119.6% increase year-on-year [1] - The demand for communication connectors is robust, driven by AI, with significant growth in high-speed communication products, particularly the 112G products [1][2] - The global market for Ethernet optical modules above 100G is projected to grow from 16.5 billion USD in 2025 to 26 billion USD in 2026, indicating strong market potential [2] - The company is expanding its production capacity significantly, with plans to add 12 million communication connectors and 20 million precision structural components annually [2][3] - The company has entered mass production of liquid cooling optical modules, with annual production capacity expected to reach 200,000 to 300,000 sets [3] Financial Performance and Forecast - The company forecasts net profits of 240 million yuan for 2025, 590 million yuan for 2026, and 850 million yuan for 2027, with corresponding EPS of 1.75, 4.26, and 6.10 yuan [7] - Revenue is projected to grow from 1.59 billion yuan in 2025 to 3.06 billion yuan in 2026, and further to 4.44 billion yuan in 2027, reflecting a strong growth trajectory [8] - The gross margin is expected to improve from 30% in 2025 to 33.3% in 2026, indicating enhanced profitability [8] Market Data - As of February 24, 2026, the closing price of the stock is 144.36 yuan, with a total market capitalization of 20.105 billion yuan [5] - The company has a total share capital of 139 million shares, with a circulating market value of 20.105 billion yuan [5] Production Capacity and Projects - The company is set to increase its production capacity for automotive connectors, particularly in the BMS project, with an expected annual output of 374,400 aluminum busbar products, potentially generating an additional revenue of 468 million yuan [7] - The company has established partnerships with major clients in the automotive sector, including BYD and Changan Automobile, to enhance its market position [3][7]