证券代码：603325 证券简称：博隆技术 公告编号：2024-035 | | 受托方 | 产品名称 | 起息日/ 到期日 | 实际投入 金额 | 实际收回 本金 | 实际 收益 | | --- | --- | --- | --- | --- | --- | --- | | | 中国建设银行 股份有限公司 | 中国建设银行上海分 行单位人民币定制型 结构性存款 | 2024.07.02/ 2024.10.08 | 30,000.00 | 30,000.00 | 117.29 | | 序 号 1 | | | | | | | 1 上海博隆装备技术股份有限公司 关于使用部分闲置募集资金进行现金管理 到期赎回的公告 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、准确性和完整性承担法律责任。 上海博隆装备技术股份有限公司（以下简称公司）于 2024 年 1 月 22 日召开 第一届董事会第十八次会议和第一届监事会第十七次会议，于 2024 年 2 月 7 日召 开 2024 年第一次临时股东大会，审议通过《关于使用部分闲置募集资金进行现金 管理的议案》，同意公司为 ...

Industry Outlook - The downstream capital expenditure in the petrochemical and chemical industries is currently robust, indicating a broad development prospect for the company’s pneumatic conveying systems [2] - The Chinese government is expected to allocate over 3 trillion yuan for large-scale equipment upgrades in the next five years, promoting technological advancement and industrial upgrades [2] - The company is actively expanding its overseas business in response to the Belt and Road Initiative, enhancing its international development strategy [2] Market Dynamics - The pneumatic conveying industry does not exhibit significant cyclical, regional, or seasonal characteristics; its development is closely tied to macroeconomic conditions, regulatory policies, and fixed asset investment [3] - The company plans to strengthen its core areas while gradually expanding into other industries, leveraging its technical capabilities [3] High-End Material Demand - Despite strong capital expenditure in the domestic petrochemical industry, there remains a high dependency on imports for high-end materials, presenting opportunities for the company [3] - The demand for high-end polyolefin products is increasing due to the upgrading of consumption structures and the development of strategic emerging industries [3] Order Acquisition and Installation - The company primarily acquires orders through bidding, with some obtained via competitive negotiations [3] - Typically, the company does not handle product installation but provides guidance and training to ensure stable and safe operation [3] Acquisition and Financial Performance - The company acquired 100% of Italian company Guvani in 2020 to enhance its technology and international competitiveness; Guvani reported a revenue of €958.50 million in 2023, a 20.64% increase from 2022 [3] Talent Development - The company requires a long-term training cycle for technical talent due to the complexity of pneumatic conveying systems, which necessitates expertise across multiple disciplines [3] Fundraising and Project Progress - The company raised a net amount of 1,104.28 million yuan from its IPO on January 10, 2024, and is actively advancing its fundraising projects [4] - As of June 30, 2024, 347.66 million yuan has been invested in the fundraising projects [4]

关于使用部分闲置募集资金进行现金管理 到期赎回的公告 上海博隆装备技术股份有限公司（以下简称公司）于 2024 年 1 月 22 日召开 第一届董事会第十八次会议和第一届监事会第十七次会议，于 2024 年 2 月 7 日召 开 2024 年第一次临时股东大会，审议通过《关于使用部分闲置募集资金进行现金 管理的议案》，同意公司为提高募集资金使用效益，在确保募集资金使用计划正常 进行和募集资金安全的前提下，使用单日最高余额不超过人民币 5 亿元的暂时闲 置募集资金进行现金管理，用于购买安全性高、流动性好的保本型产品，使用期限 自公司股东大会审议通过之日起 12 个月内，在上述额度及期限内，可以循环使用。 具体内容详见公司于 2024 年 1 月 23 日在上海证券交易所网站（www.sse.com.cn） 披露的《关于使用部分闲置募集资金进行现金管理的公告》（公告编号：2024-007）。 一、本次使用部分闲置募集资金进行现金管理到期赎回的情况 截至 2024 年 9 月 26 日，公司于 2024 年 5 月 16 日购买的结构性存款已到期 赎回并归还至募集资金专户，具体情况如下： 证券代码：603325 证 ...

Investment Rating - The investment rating for the company is "Buy" [2]. Core Viewpoints - The company, Bolong Technology, is a leader in the pneumatic conveying field, benefiting from large-scale projects in the petrochemical and chemical industries, with a significant increase in new orders and revenue growth [2][6]. - The company has achieved a compound annual growth rate (CAGR) of 56.74% in revenue from 2018 to 2023, with revenue increasing from 277 million yuan to 1.223 billion yuan [2][12]. - The company has a strong order backlog, with new orders reaching a historical high in 2023, indicating robust future revenue growth potential [6][19]. Summary by Sections Company Overview - Bolong Technology specializes in pneumatic conveying systems and has over 20 years of industry experience, providing comprehensive solutions including design, manufacturing, and technical services [8][10]. - The company has maintained a market share of over 30% in the domestic synthetic resin market from 2020 to 2022, solidifying its leading position in the industry [6][8]. Growth Drivers - The company has benefited from the ongoing expansion of large-scale projects in the domestic petrochemical and chemical sectors, leading to a new growth phase in revenue [12][19]. - New signed orders have reached record highs, with significant increases in contract liabilities, indicating strong future revenue potential [2][19]. Financial Projections - Revenue projections for 2024 to 2026 are estimated at 1.515 billion yuan, 2.016 billion yuan, and 2.508 billion yuan, representing year-on-year growth rates of 23.8%, 33.1%, and 24.4% respectively [2][7]. - Net profit projections for the same period are expected to be 323 million yuan, 432 million yuan, and 527 million yuan, with corresponding growth rates of 12.3%, 33.7%, and 22.0% [2][7]. Market Position and Competitive Advantage - The company has a strong competitive edge due to its technological capabilities and project experience, allowing it to maintain high profitability levels with stable gross and net profit margins [14][15]. - The company’s products are widely used in various industries, including petrochemicals, pharmaceuticals, and food, with ongoing efforts to expand into new sectors [10][12].

Investment Rating - The investment rating for the company is "Buy-A" (initial coverage) [1][9]. Core Views - The company has a strong order backlog, with orders amounting to 4 times its total revenue for 2023, indicating a stable demand outlook despite short-term revenue pressures due to project delivery schedules [3][9]. - The company is positioned as a leader in the pneumatic conveying system sector, benefiting from the expansion of the synthetic resin market and the need for upgrades in aging petrochemical facilities [8][9]. - The international development strategy is showing initial success, with significant contracts signed, which may contribute to future revenue growth [8][9]. Summary by Sections Financial Performance - In the first half of 2024, the company reported revenue of 368 million yuan, a decrease of 34.86% year-on-year, and a net profit of 99 million yuan, down 25.91% year-on-year [2][3]. - The company had a robust order backlog of 4.92 billion yuan as of June 30, 2024, which supports future revenue growth [3][9]. - The second quarter of 2024 saw a significant recovery, with revenue of 226 million yuan, up 69.27% year-on-year, and a net profit of 70 million yuan, up 267.29% year-on-year [4][9]. Future Outlook - The company is expected to achieve stable revenue growth from 2024 to 2026, with projected revenues of 1.51 billion yuan, 1.98 billion yuan, and 2.63 billion yuan, representing year-on-year growth rates of 23.5%, 31.0%, and 32.8% respectively [9][13]. - The net profit is forecasted to reach 360 million yuan, 480 million yuan, and 629 million yuan for the same period, with corresponding growth rates of 25.2%, 33.5%, and 31.0% [9][13]. Market Position and Strategy - The company is focusing on the pneumatic conveying system market, which is expected to grow significantly due to increasing demand for synthetic resins and the need for modernization of older petrochemical facilities [8][9]. - The international strategy aims to expand market presence in regions such as Europe, America, Southeast Asia, and the Middle East, leveraging existing customer relationships [8][9].

证券代码：603325 证券简称：博隆技术 上海博隆装备技术股份有限公司 投资者关系活动记录表 编号：2024-005 | --- | --- | --- | |------------------|--------------------|------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 | √ | 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 | | 活动类型 | □ | 新闻发布会 □现场参观 □路演活动 □其他 | | 时间 | 2024 年 8 月 27 日 | | | 地点 | 公司会议室 | | | | 电话会议 | | | | | 中信证券、开源证券、国泰君安证券、华金证券、东北证券、东兴证 | | | | 券、东吴证券、西南证券、国信证券、淳厚基金、诺安基金、全天候私 | | 参与单位名称 | | 募、国泰基金、广发基金、中信建投基金、景顺长城基金、鑫元基金、西部利 ...

F熄证券 机械设备/专用设备 公 司 研 究 博隆技术（603325.SH） 2024 年 08 月 28 日 投资评级：买入（维持） 孟鹏飞（分析师） 熊亚威（分析师） mengpengfei@kysec.cn 证书编号：S0790522060001 xiongyawei@kysec.cn 证书编号：S0790522080004 | --- | --- | |-------------------------|-------------| | 日期 | 2024/8/28 | | 当前股价 ( 元 ) | 61.79 | | 一年最高最低 ( 元 ) | 98.90/51.75 | | 总市值 ( 亿元 ) | 41.20 | | 流通市值 ( 亿元 ) | 10.30 | | 总股本 ( 亿股 ) | 0.67 | | 流通股本 ( 亿股 ) | 0.17 | | 近 3 个月换手率 (%) | 129.56 | 股价走势图 -40% -30% -20% -10% 0% 10% 2023-08 2023-12 2024-04 2024-08 博隆技术 沪深300 数据来源：聚源 相关研究报告 《订单持续高 ...

Investment Rating - The investment rating for the company is "Accumulate" (downgraded) [1][4]. Core Views - The company's revenue and net profit decreased in the first half of 2024 due to project progress issues, but there was a recovery in Q2 with a 59.15% increase in revenue and a 153.57% increase in net profit compared to Q1. The company has a strong order backlog of 4.92 billion yuan, which supports future performance [1][4]. - The domestic market is expected to maintain high demand due to new projects and upgrades in the petrochemical and chemical industries, while overseas markets are expanding as well. The company is well-positioned to benefit from these trends [4][5]. - The company has a solid cash flow situation, with a net cash flow from operating activities of 353 million yuan in the first half of 2024, up 95.06% year-on-year [1][4]. Summary by Sections Financial Performance - In H1 2024, the company achieved revenue of 368 million yuan, a year-on-year decrease of 34.86%, and a net profit of 99 million yuan, down 25.91% year-on-year. The adjusted net profit was 75 million yuan, down 41.10% year-on-year [1][4]. - The comprehensive gross margin for H1 2024 was 30.10%, a slight decrease of 1.53 percentage points year-on-year [1][4]. Market Outlook - The domestic market is seeing a shift towards larger and integrated petrochemical projects, with significant investment expected in equipment upgrades and new projects. The company is also expanding its presence in overseas markets, particularly in oil-producing countries [4][5]. - The company is advancing its fundraising projects, with an investment of 347.66 million yuan as of June 30, 2024, which will enhance its production capacity and expand application areas for its pneumatic conveying products [4][5]. Earnings Forecast - The company is projected to achieve revenues of 1.62 billion yuan, 2.23 billion yuan, and 2.73 billion yuan for 2024, 2025, and 2026, respectively. The corresponding net profits are expected to be 342 million yuan, 478 million yuan, and 568 million yuan [5][6].

证券代码：603325 证券简称：博隆技术 公告编号：2024-033 上海博隆装备技术股份有限公司 2024 年半年度募集资金存放与实际使用情况的 专项报告 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、准确性和完整性承担法律责任。 根据《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要 求》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等法律、行政 法规、部门规章、规范性文件的规定，上海博隆装备技术股份有限公司（以下简称 公司）董事会编制了 2024 年半年度募集资金存放与实际使用情况的专项报告，具 体情况如下： 一、募集资金基本情况 （一）募集资金金额及到账时间 经中国证券监督管理委员会《关于同意上海博隆装备技术股份有限公司首次 公开发行股票注册的批复》（证监许可[2023]2041 号）同意注册，公司向社会公众 首次公开发行人民币普通股（A 股）1,667 万股，发行价格为 72.46 元/股，本次发 行募集资金总额为 120,790.82 万元，扣除发行费用（不含增值税）10,362.56 万元 后，募集资金净额为 ...

上海博隆装备技术股份有限公司 第一条 为规范上海博隆装备技术股份有限公司（以下简称公司）选聘（含 续聘、改聘，下同）会计师事务所的行为，切实维护股东利益，提高财务信息质 量，保证财务信息的真实性和连续性，根据中国证券监督管理委员会（以下简称 中国证监会）、上海证券交易所及《上海博隆装备技术股份有限公司章程》（以 下简称《公司章程》）的相关规定，制定本制度。 第二条 本制度适用于公司选聘执行年报审计业务的会计师事务所对财务 会计报告发表审计意见、出具审计报告的行为。 第三条 公司选聘或解聘会计师事务所应经董事会审计委员会（以下简称审 计委员会）全体成员过半数审议同意后，提交董事会审议，并由股东大会决定。 公司不得在股东大会决定前聘请会计师事务所开展审计业务。 第四条 公司控股股东、实际控制人不得在董事会、股东大会审议前，向公 司指定会计师事务所，也不得干预公司审计委员会独立履行审核职责。 第二章 会计师事务所执业质量要求 第一章 总 则 会计师事务所选聘制度 （一） 依法设立，具备中国证监会、国家行业主管部门规定的开展证券期货 相关业务所需的执业资格和条件； （二） 具有固定的工作场所、健全的组织机构和完善的内 ...