Investment Rating - The report maintains a "Buy" rating for the company, with an expected relative increase in stock price of over 20% within the next six months [10]. Core Views - The company reported a revenue of 1.876 billion yuan for H1 2025, a year-on-year increase of 2.34%, and a net profit attributable to shareholders of 163 million yuan, up 69.69% year-on-year [3][4]. - The 3C business is expected to benefit from product innovations by major clients, while the lithium battery business is experiencing a significant increase in orders, and the semiconductor business is steadily improving [5]. - The company has a strong order backlog, with orders in the new energy sector growing rapidly and stable orders in the 3C sector [5]. Financial Summary - For H1 2025, the company achieved a gross margin of 32.64%, a decrease of 3.62 percentage points year-on-year, while the net margin improved by 2.85 percentage points to 8.21% [4]. - The projected revenues for 2025-2027 are 5.832 billion, 7.331 billion, and 8.510 billion yuan, with year-on-year growth rates of 17.73%, 25.70%, and 16.08% respectively [6][8]. - The expected net profit attributable to shareholders for the same period is 523 million, 732 million, and 893 million yuan, with growth rates of 31.40%, 39.87%, and 21.95% respectively [6][8].

Core Viewpoint - The major shareholders of Bozhong Precision (688097) have reduced their holdings, leading to a decrease in the proportion of shares held by the controlling shareholder and its concerted parties from 65.92% to 65.00% [1][2] Shareholder Changes - From August 4 to September 8, 2025, shareholders including Suzhou Zhong Er, Suzhou Zhong Liu, Suzhou Zhong Qi, Suzhou Zhong Ba, and Suzhou Zhong Shi reduced their holdings by 4,090,107 shares, accounting for 0.92% of the total share capital [1][2] - The weighted average price of Bozhong Precision during this period was 33.79 yuan per share, resulting in a total cash-out of approximately 138 million yuan [1][2] Shareholding Structure - The controlling shareholder of Bozhong Precision is Jiangsu Bozhong Intelligent Technology Group Co., Ltd., with actual controllers Lü Shaolin and Cheng Caixia [3] - The concerted parties include Suzhou Zhong Yi, Suzhou Zhong Er, Suzhou Zhong Liu, Suzhou Zhong Qi, Suzhou Zhong Ba, and Suzhou Zhong Shi, all of which are holding platforms with the same managing partner as Bozhong Group [3] Fundraising and Financials - Bozhong Precision raised a total of 999,999,990 yuan through a specific issuance of A-shares, with a net amount of 982,949,093.27 yuan after deducting issuance costs [4] - The company planned to raise 1.11 billion yuan during its IPO, with allocations for various projects including 530 million yuan for automation equipment expansion in the consumer electronics sector [5] - The net cash flow from operating activities over the past five years has shown fluctuations, with only the last year reporting a positive cash flow of 31,877.52 million yuan [5]

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 信息披露义务人一：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 信息披露义务人二：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 信息披露义务人三：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 信息披露义务人四：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 信息披露义务人五：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 股份变动性质：股份减持 权益变动报告书签署日期：2025年9月8日 1 信息披露义务人声明 一、本报告书系根据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行证券 的公司信息披露内容与格式准则第 15 号——权益变动报告书》及相关的法律、法规和规范 性文件编写。 ...

证券代码：688097 证券简称：博众精工 公告编号：2025-047 博众精工科技股份有限公司 关于持股 5%以上股东权益变动触及 5%刻度 的提示性公告 股东苏州众二股权投资合伙企业（有限合伙）、苏州众六投资合伙企业（有限合伙）、 苏州众之七股权投资合伙企业（有限合伙）、苏州众之八股权投资合伙企业（有限合伙）、 苏州众十投资合伙企业（有限合伙）及其一致行动人保证向本公司提供的信息真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | 苏州众二股权投资合伙 | □ | 控股股东/实控人 | 91320509MA1P7KMF7C ☑ | | 企业（有限合伙） | ☑ | 控股股东/实控人的一致行动人 | □ 不适用 | | | □ | 其他直接持股股东 | | | 苏州众六投资合伙企业 | □ | 控股股东/实控人 | ☑ 91320500MA1NLCH05D | | （有限合伙） | ☑ | 控股股东/实控人的一致行动人 | □ 不适用 | | | □ | 其他直接持股股东 | | ...

Core Insights - The company reported a significant increase in orders as of the end of August, surpassing the total order level of the previous year, particularly in the new energy sector, which is experiencing rapid growth, while the 3C sector remains stable [2] - In the semiconductor sector, the company's developed solid crystal machines are undergoing successful prototype testing at several leading 3C companies, with mass production orders expected to materialize in the next one to two years [2] - The company's AI sector is seeing success with its co-crystal chip machines, which are being utilized in mainstream 400G, 800G, and 1.6T optical module bonding scenarios, having secured bulk orders from well-known industry players [2] - Financial results for the first half of the year show the company achieved operating revenue of 1.876 billion yuan, a year-on-year increase of 2.34%, and a net profit attributable to shareholders of 163 million yuan, reflecting a substantial year-on-year growth of 69.69% [2]

Core Points - The company, Bozhong Precision, announced the completion of the stock transfer registration for the first vesting period of its 2024 restricted stock incentive plan [2] - A total of 1,234,220 shares were transferred, sourced from the company's repurchase of its A-share common stock from the secondary market [2] Summary by Category - **Company Announcement** - Bozhong Precision received the stock transfer confirmation from China Securities Depository and Clearing Corporation on September 4, 2025 [2] - The stock transfer pertains to the first vesting period of the 2024 restricted stock incentive plan [2] - **Stock Details** - The number of shares involved in this transfer is 1,234,220 [2] - The shares were acquired through the company's repurchase activities in the secondary market [2]

证券代码：688097 证券简称：博众精工 公告编号：2025-046 博众精工科技股份有限公司 2024 年限制性股票激励计划首次授予部分第一个归属期 归属结果公告 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： 本次归属股票数量：1,234,220 股 本次归属股票来源：博众精工科技股份有限公司（以下简称"公司"）从二级 市场回购的公司 A 股普通股股票 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责任公司 有关业务规则的规定，公司于 2025 年 9 月 4 日收到中国证券登记结算有限责任公司出 具的《过户登记确认书》，公司 2024 年限制性股票激励计划首次授予部分第一个归属 期的股份过户登记工作已完成。现将相关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 （1）2024 年 5 月 23 日，公司召开第三届董事会第六次会议，审议通过了《关于 公司<2024 年限制性股票激励计划（草案）>及其摘要的议案》《关于公司<2024 年限制 性股票激励计划实施考核管理办 ...

Core Viewpoint - Company has successfully developed China's first commercial 200kV transmission electron microscope, achieving self-control over core technologies and key components [1] Company Summary - The company's instrumentation business is in the development stage, with power supplies being a core component of transmission electron microscopes, currently contributing a small proportion to revenue [1] - The 200kV transmission electron microscope has a point resolution of 0.25 nanometers and a lattice resolution of 0.14 nanometers, reaching international advanced levels under similar configurations [1] Industry Summary - The transmission electron microscope market is highly monopolistic with significant technical barriers, primarily dominated by companies from the United States and Japan [1] - Prior to this development, China's mid-to-high-end transmission electron microscopes were entirely reliant on imports, indicating a gap in domestic production [1] - According to QYR statistics, the global transmission electron microscope market is projected to reach a sales volume of $729 million in 2024 and $1.083 billion by 2031, with a compound annual growth rate (CAGR) of 5.9% from 2025 to 2031 [1]

Core Viewpoint - The company is holding its first extraordinary general meeting of shareholders in 2025 to ensure the legal rights of all shareholders and maintain order and efficiency during the meeting [1]. Group 1: Meeting Procedures - Only shareholders, their representatives, company directors, supervisors, senior management, invited lawyers, and designated personnel are allowed to enter the meeting venue [1]. - Shareholders and their representatives must sign in 30 minutes before the meeting and present required documentation to participate [2]. - The meeting will follow a predetermined agenda for reviewing and voting on proposals [2][3]. Group 2: Shareholder Rights and Responsibilities - Shareholders have the right to speak, inquire, and vote during the meeting, but must adhere to the rules to avoid disrupting the proceedings [2][3]. - Shareholders wishing to speak must register in advance and are limited to a five-minute speaking time [3]. - The meeting host has the authority to refuse or stop any shareholder from speaking if they violate the rules [3]. Group 3: Voting Process - Shareholders must express their opinions on proposals by voting "for," "against," or "abstaining," and must sign their ballots [4]. - The voting will be conducted through both on-site and online methods, with results announced by the meeting host [5]. - Two shareholder representatives will be appointed to oversee the counting of votes [4][5]. Group 4: Meeting Agenda - The agenda includes signing in, announcing the number of attending shareholders, allowing for shareholder speeches, and voting on proposals [6]. - Proposal 1 involves a cash dividend distribution of 0.93 yuan per 10 shares, totaling approximately 41.27 million yuan [6][8]. - Proposal 2 seeks to amend the company's articles of association to eliminate the supervisory board, transferring its responsibilities to the audit committee of the board [8][10]. Group 5: Regulatory Compliance - The company will comply with legal requirements regarding the cancellation of the supervisory board and the amendment of its articles of association [10][11]. - The proposed changes have been approved by the board and will be submitted for shareholder approval [9][10].

证券代码：688097 证券简称：博众精工 博众精工科技股份有限公司 2025 年第一次临时股东会会议资料 2025 年 9 月 2025 年第一次临时股东会会议须知 为了维护全体股东的合法权益，确保股东在博众精工科技股份有限公司（以 下简称"公司"）依法行使股东权利，确保股东会的正常秩序和议事效率，根据 《中华人民共和国公司法》（以下简称"《公司法》"）《上市公司股东会规则》以 及《博众精工科技股份有限公司章程》（以下简称"《公司章程》"）、《博众精工科 技股份有限公司股东大会议事规则》等相关规定，特制定本会议须知，内容如下： 一、为保证本次股东会的严肃性和正常秩序，切实维护与会股东（或股东代 理人）的合法权益，除出席会议的股东（或股东代理人）、公司董事、监事、高 级管理人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他无关人员 进入会场。 | | | 博众精工科技股份有限公司 2025 年第一次临时股东会会议资料 博众精工科技股份有限公司 二、出席会议的股东及股东代理人须在会议召开前 30 分钟到会议现场办理 签到手续，并请按规定出示证券账户卡、身份证明文件或法人单位证明、授权委 托书等，上述登记材 ...