华创证券有限责任公司 关于博敏电子股份有限公司 2022 年度向特定对象发行股票之保荐总结报告书 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法 律责任。 2、本机构及本人自愿接受中国证监会对保荐总结报告书相关事项进行的任 何质询和调查。 1 3、本机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管理办 法》的有关规定采取的监管措施。 二、保荐机构基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准博敏电 子股份有限公司非公开发行股票的批复》（证监许可〔2022〕2134 号）核准，博 敏电子股份有限公司（以下简称"博敏电子"或"公司"）向特定对象发行人民 币普通股（A 股）股票 127,011,007 股，发行价格为 11.81 元/股，募集资金总额 为 150,000.00 万元，扣除各项发行费用后实际募集资金净额为 147,348.60 万元。 上述资金已于 2023 年 3 月 27 日全部到位，并经天健会计师事务所（特殊普通合 伙）出具的"天健验〔2023 ...

关于博敏电子股份有限公司 营业收入扣除事项的专项审核意见 立信中联专审字[2025]D-0293 号 立信中联会计师事务所(特殊普通合伙) LixinZhonglian CPAs (SPECIAL GENERAL PARTNERSHIP) 二、2024年度营业收入扣除情况表 第 3 页 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.ngf.gov.cn） 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.gr.gov.cn） 上一篇： 目 录 第 1 页—第 2 页 一、关于营业收入扣除事项的专项审核意见 立信中联会计师事务所(特殊普通合伙) ixinZhonglian CPAs (SPECIAL GENERAL PARTNERSHIP) 关于营业收入扣除事项的 专项审核意见 立信中联专审字[2025]D-0293 号 博敏电子股份有限公司全体股东: 我们接受委托,对博敏电子股份有限公司(以下简称"博敏电子")2024年 度财务报表进行了审计,包括 2024年12月 31 日的合并及母公司资产负债表、 2024 年度的合并及母公司利润表、合并及母公 ...

2024 年度独立董事述职报告 博敏电子股份有限公司 2024 年度独立董事述职报告 （徐驰） 2024 年 12 月 4 日，本人徐驰被选举为博敏电子股份有限公司（以下简称"公 司"）第五届董事会独立董事，在任职期间（2024 年 12 月 4 日至 12 月 31 日，下 同）严格按照《公司法》《证券法》《上市公司独立董事管理办法》《上市公司独立 董事履职指引》《上市公司治理准则》等法律法规和《公司章程》《公司独立董事 工作制度》的规定，本着对全体股东负责的态度，忠实勤勉地履行独立董事职责， 维护了全体股东尤其是中小股东的合法权益，充分发挥独立董事的作用。现将本 人 2024 年度履职情况报告如下： 一、 独立董事的基本情况 （一）独立董事个人情况 徐驰，男，出生于 1968 年 1 月，中国国籍，无永久境外居留权，工商管理硕 士，律师，曾任云南省政府驻广州办事处干部、广东商务金融律师事务所律师、 广晟有色金属股份有限公司、山西侯马农村商业银行股份有限公司、广州山水比 德设计股份有限公司、本公司独立董事、通力盛德（广州）咨询有限公司（曾用 名：广州通力教育咨询有限公司）董事长、广州市思伟达科技有限公司董事 ...

2024 年度独立董事述职报告 博敏电子股份有限公司 2024 年度独立董事述职报告 （洪芳） 本人洪芳，自 2024 年 1 月 1 日至 2024 年 12 月 4 日担任博敏电子股份有限 公司（以下简称"公司"）第五届董事会独立董事，在任职期间严格遵照《公司 法》《证券法》《上市公司治理准则》《上市公司独立董事管理办法》《上海证券交 易所上市公司自律监管指引第 1 号——规范运作》等相关法律法规要求及《公司 章程》《公司独立董事工作制度》的规定，本着对公司董事会和全体股东负责的精 神，积极出席和列席各项会议，认真审议各项议案，为公司的长远发展出谋划策， 对董事会的科学和规范运作起到积极作用，切实维护了公司和股东合法权益。现 就本人 2024 年度的履职情况汇报如下： 一、 独立董事的基本情况 （一）独立董事个人情况 洪芳女士，出生于 1981 年 11 月，中国国籍，无永久境外居留权，本科学历， 政工师。曾任上海《印制电路信息》杂志社编辑部编辑、责任编辑、副主编、副 社长，中国电子电路行业协会秘书处办公室副主任、主任、党支部书记、秘书长 助理、副秘书长，上海印制电路行业协会第三届、第四届秘书长，深圳市捷 ...

2024 年度独立董事述职报告 博敏电子股份有限公司 2024 年度独立董事述职报告 （苏武俊） 本人苏武俊，系博敏电子股份有限公司（以下简称"公司"）第五届董事会 的独立董事，在任职期间严格遵照《公司法》《证券法》《上市公司治理准则》《上 市公司独立董事管理办法》《上海证券交易所上市公司自律监管指引第 1 号—— 规范运作》等相关法律法规要求及《公司章程》《公司独立董事工作制度》的规定， 恪尽职守，勤勉尽责，审慎行使公司和股东所赋予的权利，较好地履行了独立董 事职责，积极参加公司股东大会、董事会及各专门委员会（详见下述附表），认真 审议各项议案，密切关注公司发展战略，主动了解掌握公司经营状况，与管理层 保持良好沟通，发挥专业特长，为公司经营发展提出合理化建议，对公司重大事 项进行客观公正的评价，促进公司规范运作水平的提升，有效维护了公司整体利 益和全体股东的合法权益，特别是中小投资者的合法权益。现就本人 2024 年度的 履职情况报告如下： 一、 独立董事的基本情况 （一）独立董事个人情况 苏武俊，1964 年 11 月出生，中国国籍，无永久境外居留权，博士研究生，会 计学教授。曾任湖南财经学院研究生处处长 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 822,855,047.90, representing a 14.38% increase compared to CNY 719,378,920.73 in the same period last year[5] - Net profit attributable to shareholders was CNY 27,326,926.10, a 4.53% increase from CNY 26,142,014.38 year-on-year[5] - The net profit after deducting non-recurring gains and losses surged by 82.03% to CNY 21,594,552.65, up from CNY 11,863,292.48 in the previous year[5] - Total operating revenue for Q1 2025 reached ¥822,855,047.90, an increase of 14.4% compared to ¥719,378,920.73 in Q1 2024[18] - Net profit attributable to shareholders for Q1 2025 was ¥27,326,926.10, a rise of 4.5% from ¥26,142,014.38 in Q1 2024[19] - The company reported a total comprehensive income of ¥26,979,705.82 for Q1 2025, compared to ¥26,477,886.73 in Q1 2024, indicating a slight growth[19] - The company achieved a gross profit margin of approximately 13.0% in Q1 2025, compared to 12.0% in Q1 2024[18] Cash Flow and Assets - The net cash flow from operating activities decreased by 58.80% to CNY 58,392,867.83, down from CNY 141,713,741.28 in the same period last year[5] - Cash flow from operating activities in Q1 2025 was ¥58,392,867.83, down 58.8% from ¥141,713,741.28 in Q1 2024[21] - Cash and cash equivalents increased to RMB 864,351,651.05 from RMB 814,278,036.69, representing a growth of approximately 6.2%[13][15] - Cash and cash equivalents at the end of Q1 2025 totaled ¥672,953,192.30, compared to ¥449,648,117.14 at the end of Q1 2024, reflecting a significant increase[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,310,908,709.72, reflecting a 2.96% increase from CNY 9,043,075,245.92 at the end of the previous year[6] - The company's current assets totaled RMB 3,513,115,123.48, slightly down from RMB 3,551,995,155.64 at the end of 2024, indicating a decrease of about 1.1%[13][15] - The company's total liabilities increased to RMB 5,008,784,228.39 from RMB 4,778,501,093.30, marking an increase of approximately 4.4%[15] - The long-term borrowings rose significantly to RMB 1,589,545,673.46 from RMB 1,274,379,561.85, reflecting an increase of about 24.7%[15] - The total equity attributable to shareholders increased to RMB 4,297,131,577.71 from RMB 4,259,567,260.86, showing a growth of approximately 0.9%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 50,920[10] - The largest shareholder, Xu Huan, holds 11.43% of the shares, amounting to 72,041,919 shares, with 35,330,000 shares pledged[10] - The company has not reported any significant changes in its major shareholders or their holdings during the reporting period[11][12] Operational Strategy - The company plans to continue focusing on revenue and gross profit growth, alongside addressing cash flow challenges due to increased procurement costs[8] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23] Expenses - Total operating costs for Q1 2025 were ¥812,520,104.77, up 15.1% from ¥705,805,785.23 in Q1 2024[18] - Research and development expenses for Q1 2025 were ¥33,750,941.27, up 21.7% from ¥27,718,214.01 in Q1 2024[18] - The company’s financial expenses increased to ¥11,709,139.25 in Q1 2025 from ¥4,669,175.81 in Q1 2024, marking a significant rise[18] Investor Reminders - There are no applicable reminders for investors regarding the company's operational situation during the reporting period[12]

Financial Performance - The net profit attributable to the parent company for 2024 is -235.97 million RMB, indicating a loss [5]. - The company plans not to distribute cash dividends or issue bonus shares for 2024 due to the negative net profit [6]. - The cumulative undistributed profits at the end of the period are 444.43 million RMB, which will be used to support daily operations and new project construction [6]. - The company's operating revenue for 2024 reached ¥3,266,245,669.79, representing a 12.11% increase compared to ¥2,913,308,302.34 in 2023 [22]. - The net profit attributable to shareholders of the listed company was -¥235,968,943.21 in 2024, an improvement from -¥565,750,945.13 in 2023 [22]. - The net cash flow from operating activities significantly increased to ¥164,237,139.04, a 421.26% rise from ¥31,507,874.89 in 2023 [22]. - The total assets of the company grew by 13.43% to ¥9,043,075,245.92 in 2024, up from ¥7,972,075,999.31 in 2023 [22]. - The basic earnings per share improved to -¥0.38 in 2024 from -¥0.95 in 2023 [23]. - The weighted average return on equity increased to -5.40% in 2024, compared to -12.58% in 2023 [23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥262,558,162.60 in 2024, an improvement from -¥600,414,293.97 in 2023 [22]. - The company experienced a decrease in net assets attributable to shareholders by 6.58% to ¥4,259,567,260.86 at the end of 2024, down from ¥4,559,613,077.27 at the end of 2023 [22]. Shareholder Returns - The total cash dividends and share repurchase (including cancellation) amount to 182.77 million RMB [5]. - The company will not distribute cash dividends or stock dividends in 2024 due to a negative net profit, aligning with its profit distribution policy [182]. - The cash dividend policy emphasizes prioritizing cash dividends when conditions are met, with specific conditions for stock dividends based on profitability and capital structure [179]. - The company has established a differentiated cash dividend policy based on its development stage and significant capital expenditure arrangements [178]. - The company aims to retain undistributed profits for daily operations, project construction, and technology research and development to enhance core competitiveness [182]. - In 2024, the company distributed a cash dividend of 0.2 yuan per 10 shares, totaling 12,607,960.08 yuan (including tax) based on a total share capital of 630,398,004 shares [180]. - The total amount for cash dividends and share repurchases in 2024 reached 182,768,343.58 yuan, with 170,160,383.50 yuan allocated for share repurchases [181]. Market and Industry Outlook - The global PCB market is projected to reach $73.57 billion in 2024, with a year-on-year growth of 5.8% [30]. - The PCB market in mainland China is expected to grow to $41.21 billion in 2024, reflecting a 9% increase compared to the previous year [32]. - The server and data storage segment is anticipated to experience a compound annual growth rate (CAGR) of 11.6% from 2024 to 2029 [33]. - High-density interconnect (HDI) boards are expected to see significant growth, with a projected increase of 40.3% in 2024 compared to 2023 [38]. - The automotive electronics sector is expected to contribute significantly to the PCB industry's recovery, with a projected output value of $9.2 billion in 2024 [36]. - The demand for high-speed data center switches is increasing, with a focus on upgrading to 400G/800G ports, driving PCB demand [34]. - The automotive PCB market is projected to grow at a CAGR of 12%, from 9.2 billion USD in 2022 to 14.5 billion USD in 2026, presenting significant opportunities for the company's automotive PCB business [61]. Operational Efficiency and Strategy - The company has implemented a digital management system integrating ERP, EAS, MES, QMS, and EAP for comprehensive production quality management [52]. - The company’s production strategy is based on a make-to-order model, ensuring efficient production scheduling and capacity management [51]. - The company is focused on increasing the localization rate of its products in high-growth industries such as servers and new energy vehicles [46]. - The company has established a procurement management system to optimize supplier relationships and control procurement processes [54]. - The company achieved total revenue of RMB 3,266.25 million, a year-on-year increase of 12.11% [83]. - The company has implemented cost reduction and efficiency improvement activities, enhancing operational efficiency through smart factory investments [81]. - The company is focusing on expanding its packaging substrate business and has developed new technologies for RF substrates [8]. Research and Development - R&D expenses amounted to RMB 141.79 million, representing 4.34% of total revenue, with a year-on-year increase of 6.69% [80]. - The company has applied for 42 patents, with 291 patents authorized, ranking among the industry leaders [80]. - The company has established seven provincial R&D platforms and is involved in multiple provincial and national technology projects, including a key project for high-end flexible cable design and simulation optimization [73]. - The company has developed proprietary technologies, including a method for embedding passive components in PCBs, which improves reliability and reduces space [75]. - The company is focusing on the high-end server motherboard market, with the Eagle Stream platform achieving scale production and the Birch Stream platform in development [76]. Risk Management - The company has faced various risks in its production and operations, which are detailed in the management discussion and analysis section [8]. - The company has implemented strict risk control measures for foreign exchange hedging, including market, liquidity, operational, performance, and legal risks [118]. - Raw material price volatility poses a risk to production stability and profitability, with significant reliance on materials like copper and gold [136]. - The company faces risks from macroeconomic fluctuations that could impact PCB industry growth and profitability [134]. - The company will implement strategies to shorten the capacity ramp-up period and ensure steady performance growth [137]. Governance and Compliance - The company has established a robust governance structure with a board of directors that held 11 meetings, ensuring effective decision-making and oversight [145]. - The company conducted 4 shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting minority shareholders' rights [144]. - The company has implemented a comprehensive investor relations management system to maintain effective communication with stakeholders [146]. - The company has established a dedicated department for compliance with information disclosure, enhancing transparency and quality of disclosures [147]. - The company has confirmed that the remuneration standards for directors and senior management are aligned with the company's operational performance [168]. Environmental Responsibility - The company has invested 10,298.12 million CNY in environmental protection during the reporting period [190]. - The company has maintained compliance with environmental discharge standards, with no instances of exceeding emission limits reported [192]. - The company is listed as a key environmental regulatory unit in Yancheng for 2024, indicating a commitment to environmental monitoring and compliance [200]. - The company has established a mechanism for managing subsidiaries, ensuring effective oversight and governance [187]. - The company operates a total of 14 emission outlets for nitrogen oxides, formaldehyde, cyanide mist, sulfuric mist, hydrochloric acid, and particulate matter, adhering to the GB21900-2008 standard [198].

华创证券有限责任公司 关于博敏电子股份有限公司 2022 年度向特定对象发行股票项目 2024 年度募集资金存放与使用情况之专项核查报告 华创证券有限责任公司（以下简称"华创证券"或"保荐人"）作为博敏电子 股份有限公司（以下简称"博敏电子"或"公司"）2022 年度向特定对象发行股票 的保荐人，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票上市规 则》《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》等有关法律法规的 要求，对博敏电子 2024 年度募集资金存放与实际使用情况进行了核查，并出具如 下核查意见： 一、募集资金基本情况 （一）募集资金管理概况 为规范募集资金的管理和使用，提高资金使用效率和效益，保护投资者权益， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所股票上 市规则》《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》及《博敏电子股份 有限公司募集资金管理制度》的相关规定，公司对募集资金实行专户存储 ...

根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理准 则》《国有企业、上市公司选聘会计师事务所管理办法》《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》和博敏电子股份有限公司（以下简称"公 司"）《章程》《审计委员会实施细则》等规定和要求，公司董事会审计委员会对 会计师事务所 2024 年度履职情况进行了评估。现将会计师事务所具体履职情况 汇报如下： 一、年审会计师事务所基本情况 审计委员会对会计师事务所 2024 年度履职情况评估及履行监督职责情况报告 博敏电子股份有限公司董事会审计委员会 对会计师事务所 2024 年度履职情况评估 及履行监督职责情况报告 审计委员会对会计师事务所 2024 年度履职情况评估及履行监督职责情况报告 | 事务所名称 | 立信中联会计师事务所（特殊普通合伙） | 特殊普通合伙 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 成立日期 | 年 | 月 | 日 | 组织形式 | 2013 | 10 | 31 | 会计师事务所 ...