博众精工科技股份有限公司 简式权益变动报告书 上市公司信息 上市公司名称：博众精工科技股份有限公司 股票上市地点： 上海证券交易所 股票简称：博众精工 股票代码：688097 信息披露义务人信息 信息披露义务人四：吕绍林 通讯地址：江苏苏州 信息披露义务人一：江苏博众智能科技集团有限公司 主要经营场所及通讯地址：苏州市吴江区湖心西路666 号 信息披露义务人二：苏州众一投资管理合伙企业（有限合伙） 主要经营场所及通讯地址：苏州市吴江区湖心西路666 号 信息披露义务人三：苏州众二股权投资合伙企业（有限合伙） 主要经营场所及通讯地址：苏州市吴江区湖心西路666 号 信息披露义务人五：苏州众六投资合伙企业（有限合伙） 主要经营场所及通讯地址：苏州市吴江区湖心西路666 号 信息披露义务人六：苏州众之七股权投资合伙企业（有限合伙） 主要经营场所及通讯地址：苏州市吴江区湖心西路666 号 信息披露义务人七：苏州众之八股权投资合伙企业（有限合伙） 主要经营场所及通讯地址：苏州市吴江区湖心西路666 号 1 信息披露义务人八：苏州众十投资合伙企业（有限合伙） 主要经营场所及通讯地址：苏州市吴江区湖心西路666 号 股份变 ...

证券代码：688097 证券简称：博众精工 公告编号：2026-009 博众精工科技股份有限公司 关于股东解除一致行动关系暨权益变动的提示性公告 重要内容提示： 本次权益变动系因公司股东苏州众六、苏州众之七、苏州众之八、苏州 众十执行事务合伙人发生变更，控股股东、实际控制人与其部分一致行动人解除 一致行动关系所致，不涉及各方实际持股数量的增减，亦不触及要约收购。 根据《上市公司股东减持股份管理暂行办法》（以下简称"《办法》"） 《上海证券交易所上市公司自律监管指引第15号——股东及董事、高级管理人员 减持股份》（以下简称"《指引》"），大股东与其一致行动人解除一致行动关 系的，相关方应当在6个月内继续共同遵守关于大股东减持股份的规定。大股东 为控股股东、实际控制人的，相关方还应当在6个月内继续共同遵守《办法》第 八、十条和《指引》第六、七条的规定。解除一致行动关系的股东苏州众六、苏 州众之七、苏州众之八、苏州众十在公告披露之日起6个月内将不减持其持有的 公司股份。 本次权益变动不会导致公司控股股东、实际控制人发生变化。 博众精工科技股份有限公司（以下简称"公司"）于近日收到股东苏州众六 投资合伙企业（有限合伙 ...

Company and Industry Summary Company: 博众精工 (Bozhong Precision Engineering) Key Points Optical Module Business - The company has successfully entered the overseas supply chain for die-bonding machines, with optimistic order expectations for 2026 [2] - Acquired Zhongneng Hongsi to integrate coupling technology, transitioning from core equipment to a full-line automation solution provider [2] 3C Business - Anticipates a significant demand surge in 2026 driven by structural changes in new smartphone models from Client A, with performance potentially exceeding expectations [2] - In 2027, benefits from Client A's 20th anniversary product and new AR glasses prototypes are expected to sustain growth [2] Semiconductor Layout - Die-bonding machines are already utilized in Client A's smartphone camera assembly, with small batch production expected in 2026 [2][4] - AOI inspection equipment has received orders, and the acquisition of Shanghai Yueshi has enabled entry into specialty gas delivery systems, covering various semiconductor equipment [2][5] New Energy and Automotive - The new energy sector is projected to see a surge in orders starting in 2025, becoming the second-largest pillar of the company [2] - The automotive automation segment is expected to grow rapidly in 2026, supported by the acquisition of Shanghai Wolian for humanoid robot production lines [2] Android Market Expansion - Plans to expand aggressively in the Android market starting in 2025, with orders from Vivo and OPPO for flexible modular products, and entry into Xiaomi and Samsung supply chains [2] Robotics Contract Manufacturing - The company’s affiliate, Lihong Robotics, is manufacturing the "Expedition" series for Zhiyuan, with orders increasing to several hundred units by 2025 [3] - The divestment of Lihong aims to eliminate competitive barriers and enhance component supply scale [3] Semiconductor Equipment Development - Since 2020, the company has developed a product matrix for die-bonding machines, achieving international advanced performance levels [4] - The company is focusing on next-generation products for 1.6T, 3.2T, and CPO technology advancements [4] Business Structure and Strategy - The core business is divided into four main segments: 3C, new energy, automotive automation, and semiconductor, with a focus on synergistic growth [5] - The company is pursuing both organic growth and external acquisitions to drive development in automotive and semiconductor sectors [5] AI-Driven Automation - The rise of AI technology is expected to create significant market opportunities for automation in server assembly lines, as manual assembly cannot meet the efficiency and consistency required for large-scale production [7] Consumer Electronics Outlook - 2026 is projected to be a strong year for the 3C business, particularly related to Client A, with expectations of increased equipment demand due to product changes [8] - The company is also expanding into the Android market and diversifying into electronic vaporization and wearable medical devices [8] Collaboration with Zhiyuan Robotics - Lihong Robotics is responsible for manufacturing for Zhiyuan, with increasing orders and development of components [9] - The decision to divest Lihong was made to facilitate its growth and eliminate internal competition, leading to its first profitable year in 2025 [9]

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The demand for automation equipment is driven by the urgent need for AI infrastructure, with the optical module market expected to grow significantly from $18.9 billion in 2026 to $35 billion by 2030 [4][19] - The production of optical modules is transitioning from labor-intensive methods to automated production lines due to increased production volume and precision requirements [4][28] - The server assembly process is evolving towards automation, with the complexity of AI servers necessitating automated assembly solutions [4][57] Summary by Sections Optical Module Automation Equipment - Optical modules are essential components for optical communication, benefiting from strong demand driven by AI infrastructure [12] - The global Ethernet optical module market is projected to grow at a CAGR of over 35%, reaching $18.9 billion in 2026 and $35 billion by 2030 [19][20] - The transition from copper cables to optical interconnects is expected to increase the penetration of optical technology in Scale-Up networks, with the market share for optical modules in AI applications projected to reach 65% by 2030 [25][28] Server Automation Assembly Equipment - AI data center servers consist of multiple components, with assembly processes categorized into 12 levels based on integration complexity [57] - The automation of server assembly is becoming essential as the complexity of servers increases, similar to trends observed in the "fruit chain" industry [4][57] Investment Recommendations - Companies to watch include: - For optical module packaging equipment: Robotech, LQ Smart, Keg Precision, Bozhong Precision, Anda Intelligent, Kory Technology, and Zhilifang [4] - For optical module testing equipment: Lianxun Instruments, Robotech, LQ Smart, Bozhong Precision, Aotwei, Kuaike Intelligent, and Zhilifang [4] - For server automation assembly and testing equipment: Bozhong Precision and Anda Intelligent [4]

证券代码：688097 证券简称：博众精工 公告编号：2026-008 博众精工科技股份有限公司 特此公告。 关于归还暂时补充流动资金的闲置募集资金的公告 博众精工科技股份有限公司董事会 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。 2026 年 3 月 21 日 博众精工科技股份有限公司（以下简称"公司"）于 2025 年 3 月 24 日召开第三届 董事会第十二次临时会议、第三届监事会第十一次临时会议，审议通过了《关于使用部 分闲置募集资金暂时补充流动资金的议案》，拟使用额度不超过人民币 30,000 万元（含 本数）的闲置募集资金暂时补充流动资金，用于与公司主营业务相关的生产经营，使用 期限自公司董事会审议通过之日起不超过 12 个月。具体情况详见 2025 年 3 月 25 日披 露于上海证券交易所网站（www.sse.com.cn）的《博众精工科技股份有限公司关于使用 部分闲置募集资金暂时补充流动资金的公告》（公告编号：2025-010） 根据上述决议，公司在规定期限内实际使用 30,000 万元闲置募集资金暂 ...

Core Viewpoint - On March 18, brokerages provided target prices for listed companies, with notable increases for Nanjing Steel, Fuyao Glass, and Wancheng Group, showing target price increases of 47.23%, 45.45%, and 43.52% respectively, across the steel, automotive parts, and retail sectors [1][2]. Group 1: Target Price Increases - Nanjing Steel (600282) received a target price of 8.51 yuan, reflecting a target price increase of 47.23% [2] - Fuyao Glass (600660) has a target price of 84.00 yuan, with a target price increase of 45.45% [2] - Wancheng Group (300972) was assigned a target price of 280.00 yuan, indicating a target price increase of 43.52% [2] - Wanhua Chemical (600309) has a target price of 113.60 yuan, with a target price increase of 40.84% [2] - China Merchants Shekou (001979) received a target price of 12.80 yuan, reflecting a target price increase of 35.02% [2] Group 2: Brokerage Recommendations - A total of 34 listed companies received brokerage recommendations on March 18, with China Merchants Shekou, CITIC Publishing, Fuyao Glass, and Wancheng Group each receiving recommendations from three brokerages [3][4] - China Merchants Shekou (001979) closed at 9.48 yuan with three brokerage recommendations [4] - Fuyao Glass (600660) closed at 57.75 yuan, also receiving three brokerage recommendations [4] - Wancheng Group (300972) closed at 195.09 yuan, with three brokerages recommending it [4] Group 3: Rating Adjustments - On March 18, one company had its rating upgraded, with Zhongtai Securities raising Shanghai Bank's rating from "Hold" to "Buy" [5] - Shanghai Bank (601229) is now rated "Buy" by Zhongtai Securities [5] Group 4: First Coverage - Eight companies received initial coverage on March 18, with Hesheng Co. receiving a "Strong Buy" rating from Huachuang Securities [6] - Tian Gong Co. was given an "Add" rating by Dongwu Securities [6] - Neipu Mining (300818) received an "Add" rating from Guotai Junan Securities [6] - Bozhong Precision (688097) was rated "Add" by Northeast Securities [6] - Bojie Co. (002975) received a "Buy" rating from Zhongyou Securities [6]

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [4]. Core Insights - The company focuses on automation assembly and testing equipment, with deep integration into the Apple supply chain and expansion into new markets such as Huawei and Samsung [2]. - In the semiconductor sector, the company has made technological breakthroughs, filling domestic gaps and fostering multi-industry collaboration [3]. - Revenue projections for 2025-2027 are estimated at 65.71 billion, 77.94 billion, and 92.50 billion yuan, with corresponding net profits of 5.91 billion, 7.61 billion, and 8.78 billion yuan, indicating significant growth potential [4]. Summary by Relevant Sections Automation and Consumer Electronics - The company’s products cover a full range of consumer electronics, including smartphones, tablets, and AR/MR/VR devices, with a focus on modular production lines and automated equipment [2]. - The company has established partnerships with major clients and is expanding into new markets, enhancing its technological advantages [2]. Semiconductor Equipment - The company is developing products for precision components and advanced packaging, achieving international standards in technology and securing bulk orders from leading global firms [3]. - It has competitive advantages in high-precision systems and is expanding its client base, positioning itself favorably in the domestic semiconductor equipment market [3]. Financial Projections - Revenue and net profit are expected to grow significantly, with a projected revenue increase of 32.63% in 2025 and a net profit growth of 48.43% [5]. - The company’s earnings per share are forecasted to rise from 0.89 yuan in 2024 to 1.97 yuan in 2027, reflecting strong financial performance [5].

Investment Rating - The report maintains a "Recommended" rating for the humanoid robot industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [6]. Core Insights - The humanoid robot concept index experienced a decline of 1.37% from March 8 to March 13, 2026, underperforming the CSI 300 index by 1.55 percentage points. Year-to-date, the humanoid robot index has increased by 0.31%, also underperforming the CSI 300 index by 0.54 percentage points [9][13]. - Significant advancements in humanoid robot technology were highlighted, particularly the Figure 03 robot, which can autonomously organize a living room, marking a milestone in household service capabilities. The report suggests that 2026 may be a pivotal year for the commercialization of humanoid robots, with household services being a key area for scaling applications [4][16]. Summary by Sections Weekly Market Review - From March 8 to March 13, 2026, the humanoid robot concept index fell by 1.37%, while the CSI 300 index saw a relative decline of 1.55 percentage points. The index has shown a year-to-date increase of 0.31%, lagging behind the CSI 300 by 0.54 percentage points [9][13]. Weekly Highlights Policy Developments - Jiangsu Province's Industrial and Information Technology Department has proposed to foster at least 30 typical application scenarios for brain-computer interfaces and consumer technology by 2030, encouraging integration with intelligent IoT and virtual reality [14]. - The Shanghai Stock Exchange hosted a future industry salon focusing on the industrialization of 6G technology, emphasizing collaboration among academia, industry, and investment sectors [16]. Product and Technology Iteration - Figure showcased its latest robot, Figure 03, which can autonomously complete complex tasks in a household setting, representing a significant technological advancement [16]. - Ecovacs introduced new products at AWE 2026, including a bionic robot and a household service robot, indicating ongoing innovation in the humanoid robotics sector [16]. Investment and Financing - Lingchu Intelligent has completed a total of 2 billion yuan in financing across angel and Pre-A rounds, aimed at scaling applications in logistics [18]. - ZhiJian Power has raised a total of 2 billion yuan through five rounds of financing, with strategic investments from Tencent and Alibaba [18]. Key Company Updates - Changsheng Bearing reported that some of its products are now being utilized in the field of embodied intelligence [19]. - Taili Technology announced that its nanofluid materials can be applied in humanoid robots, providing significant advantages over traditional materials [19]. - Changan Automobile set a target of 1.4 million new energy vehicle sales for 2026 and plans to mass-produce humanoid robots by 2028 [20].

Investment Rating - The report rates the humanoid robotics industry as "Outperform the Market" [2] Core Insights - The humanoid robotics index experienced a decline of 1.37% during the week of March 9 to March 13, 2026, maintaining a volatile pattern. The current PE ratio is at a 23.81% percentile over the past three months [2] - Key companies in the humanoid robotics sector are accelerating their listings in Hong Kong, enhancing their global presence and supply chain influence [2] - The upcoming NVIDIA GTC 2026 conference is expected to be a significant catalyst for advancements in robotics and AI, focusing on industrial-grade embodied intelligence and foundational models [2] Summary by Sections Industry Overview - The humanoid robotics industry is in a transitional phase from engineering to mass production, with technological advancements and event-driven catalysts influencing short-term pricing [2][19] - The report highlights the importance of production rhythm and application scenarios for long-term growth [2] Market Performance - The humanoid robotics index has shown fluctuations, with notable gains from companies like Bozhong Precision (+38.28%) and Shuangyi Technology (+26.27%), while companies like Huapei Power (-23.42%) and Hengfeng Tools (-17.09%) faced significant declines [2][14] - The report emphasizes the need to monitor the production and iteration progress of leading humanoid robotics manufacturers [2] Investment Recommendations - The report recommends investing in companies with core component capabilities that can enhance value through collaboration with complete machine manufacturers, such as reducers, screws, motors, sensors, and control systems [2] - It also suggests focusing on platform-type manufacturers with integrated algorithm and control system capabilities, as their market leadership is expected to become more evident with the advancement of industrialization [2]

Investment Rating - The industry maintains a "Recommended" rating, indicating a positive outlook for the sector's fundamentals and expected performance exceeding the benchmark index [2]. Core Insights - The report highlights the increasing capital expenditure in the optical module industry driven by AI demand, with a focus on the production processes and equipment for traditional pluggable optical modules and CPO (Co-Packaged Optics) products [1][6]. - The optical module is identified as a core component for optical communication, essential for high-speed interconnections within data centers, with significant growth expected in the market [9][40]. - CPO technology is noted for its higher integration and smaller size, offering significant improvements in bandwidth, power consumption, and space efficiency compared to traditional pluggable optical modules [29][36]. Summary by Sections 1. Overview of Pluggable Optical Module Equipment - Pluggable optical modules are crucial for optical-electrical conversion in data centers, consisting of components like TOSA, ROSA, and driver circuits [9]. - The production process includes key steps such as die bonding, wire bonding, optical coupling, packaging, and aging tests [11][15]. 2. Differences Between CPO and Pluggable Optical Modules - CPO integrates optical engines with switching chips on the same substrate, enhancing signal transmission efficiency and reducing energy consumption [17][29]. - The report outlines the core differences in production processes, including chip interconnection methods, optical coupling precision, packaging, and testing systems [30][33]. 3. Investment Recommendations - The optical module sector is positioned as a critical area for AI computing infrastructure, with ongoing investments in high-speed pluggable optical modules and CPO technology development [40]. - Key companies to watch in the optical module equipment industry include Bozhong Precision, Keri Technology, Kaige Precision, Robotec, and Quick Intelligent [6][41].