华泰联合证券有限责任公司 关于博众精工科技股份有限公司 首次公开发行部分限售股上市流通的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐机构"） 作为博众精工科技股份有限公司（以下简称"博众精工"或"公司"）首次公开 发行股票并在科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》 《上海证券交易所科创板股票上市规则》等有关规定，对博众精工首次公开发行 部分限售股上市流通事项进行了审慎核查，核查情况及意见如下： 一、本次上市流通的限售股类型 经中国证券监督管理委员会于 2021 年 3 月 25 日出具的《关于同意博众精工 科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕964 号）同 意，公司首次公开发行人民币普通股（A 股）41,000,000 股，并于 2021 年 5 月 12 日在上海证券交易所科创板挂牌上市。本公司首次公开发行 A 股前总股本为 360,000,000 股，首次公开发行 A 股后总股本为 401,000,000 股，其中有限售条件 流通股 363,971,433 股，无限售条件流通股 37,028,567 股。具体情况详见公司于 2021 ...

Investment Rating - The report assigns a "Buy" rating to the company with a target price of 28.25 yuan, based on a 25x PE for 2024 [15][17]. Core Insights - The company has successfully expanded into multiple fields, with a notable increase in domestic business driven by major clients, particularly in the Apple supply chain [2][59]. - The company reported a revenue of 48.4 billion yuan in 2023, a year-on-year increase of 0.6%, and a net profit of 3.9 billion yuan, up 17.8% year-on-year [15][32]. - In Q1 2024, the company experienced a revenue decline of 15.9% year-on-year, primarily due to the early project cycle in the 3C sector [15][32]. Summary by Sections Business Performance - In 2023, the automation equipment segment generated revenue of 41.5 billion yuan, a year-on-year increase of 1.3%, while the fixtures and components segment saw a revenue of 6.9 billion yuan, down 3.8% [2]. - Domestic revenue reached 33.2 billion yuan, up 31.7% year-on-year, while overseas revenue was 15.2 billion yuan, down 33.7% [2][59]. - The company focuses on key projects in the consumer electronics sector, including flexible modular production lines and MR equipment, with significant advancements in production capabilities [2][27]. Financial Metrics - The company's gross margin for 2023 was 33.8%, an increase of 1.5 percentage points year-on-year, while the net margin was 7.9%, up 1.1 percentage points [16][37]. - For Q1 2024, the gross margin decreased to 32.7%, and the net margin turned negative at -2.3% [16][37]. Future Outlook - The company is expected to achieve net profits of 5.0 billion yuan, 6.5 billion yuan, and 7.9 billion yuan for 2024, 2025, and 2026, respectively, with a compound annual growth rate of 26% [17][44]. - The report anticipates growth in the consumer electronics sector driven by AI and MR technologies, with projected revenue growth rates of 24.0%, 18.0%, and 15.0% for 2024 to 2026 [66].

Investment Rating - The report maintains an "Accumulate" rating for the company, indicating an expected relative price increase of 5% to 15% over the next six months [4][5]. Core Views - The company's performance in 2023 showed steady growth, with revenue reaching 4.84 billion yuan, a year-on-year increase of 0.59%, and a net profit attributable to shareholders of 390 million yuan, up 17.80% year-on-year. However, Q1 2024 performance is under pressure, with revenue of 743 million yuan, down 15.88% year-on-year, primarily due to delayed project confirmations and upfront costs [5][6]. - The company has a strong competitive advantage in the 3C sector, with new product sales achieving breakthroughs and successful deliveries of flexible modular production lines and MR equipment [5][6]. - The company is expanding into new fields such as semiconductors, low-altitude economy, and transmission electron microscopes, with significant orders and product developments underway [5][6]. Financial Summary - Revenue and Profit Forecasts: The company forecasts revenues of 5.66 billion yuan for 2024, 6.68 billion yuan for 2025, and 7.88 billion yuan for 2026, with net profits projected at 492 million yuan, 609 million yuan, and 731 million yuan respectively [5][6]. - Profitability Metrics: The gross profit margin for 2023 was 33.8%, an increase of 1.5 percentage points year-on-year. The net profit margin reached 7.94%, up 1.1 percentage points year-on-year [6][5]. - Valuation Metrics: The current price-to-earnings (P/E) ratio is projected to be 20 for 2024, 16 for 2025, and 13 for 2026, reflecting the company's growth potential [5][6].

证券代码：688097 证券简称：博众精工 公告编号：2024-020 博众精工科技股份有限公司 关于 2023 年度利润分配预案的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 每股分配比例：每 10 股派发现金红利 1.3 元（含税），不进行公积金转增股本， 不送红股。 ● 本次利润分配以实施权益分派股权登记日登记的总股本扣减公司回购专用证券 账户中的股份为基数，具体日期将在权益分派实施公告中明确。 公司拟向全体股东每 10 股派发现金红利 1.3 元（含税）。截至 2024 年 3 月 31 日， 公司总股本 446,647,765 股，扣减回购专用账户的股数 2,140,286 股，以此计算合计拟 派发现金红利 57,785,972.27 元（含税）。本年度公司现金分红占合并报表中归属于母 公司股东的净利润比例为 14.80%。本年度利润分配不送红股，不进行资本公积转增股 本。 如在本公告披露之日起至实施权益分派股权登记日期间，因可转债转股/回购股份/ 股权激励授予股份回购注销/重大资产重 ...

博众精工科技股份有限公司 关于会计师事务所 2023 年度履职情况的评估报告 截至 2023 年末，立信所拥有合伙人 278 名、注册会计师 2,533 名、从业人 员总数 10,730 名，签署过证券服务业务审计报告的注册会计师 693 名。 立信所 2023 年业务收入 (经审计) 50.01 亿元, 其中审计业务收入 35.16 亿元,证券业务收入 17.65 亿元。2023 年度上市公司审计客户 671 家。 (二) 投资者保护能力 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》等规定和要求,博众精 工科技股份有限公司（以下简称"公司"）对立信会计师事务所（特殊普通合伙） ( 以下简称" 立信所") 2023 年度履职情况进行了评估，具体情况汇报如下: 一、会计师事务所基本情况 (一) 基本情况 会计师事务所名称:立信会计师事务所（特殊普通合伙） 成立日期:2011年1月 注册地址:上海市黄浦区南京东路 61 号四楼 首席合伙人:朱建弟 截至 2023 年末,立信所已提取职业风险基金 1.66 亿元,购买的职业保险累 计赔偿限额 ...

一、聘任公司证券事务代表 公司董事会同意聘任杨青先生为公司证券事务代表，协助董事会秘书开展工作；任期 自第三届董事会第五次会议审议通过之日起至第三届董事会任期届满之日止，杨青先生简 历详见附件。 证券代码：688097 证券简称：博众精工 公告编号：2024-026 博众精工科技股份有限公司 关于聘任证券事务代表的公告 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。 博众精工科技股份有限公司（以下简称"公司"）于 2024 年 4 月 23 日召开了第三届 董事会第五次会议，会议审议通过了《关于聘任证券事务代表的议案》，现将具体情况公 告如下： 2024 年 4 月 24 日 附件： 杨青先生，男，1992 年出生，中国国籍，无境外永久居留权，硕士研究生学历，毕业 于上海交通大学机械工程专业。2018 年 8 月至 2021 年 2 月，任中国商飞民用飞机试飞中心 遥测工程师；2021 年 2 月至 2021 年 9 月，任上海星壤资产管理有限公司制造业研究员；2021 年 11 月-2022 年 10 月，任华西证券电新行业 ...

Financial Performance - The company's operating revenue for 2023 was RMB 483,985.00 million, representing a 0.59% increase from RMB 481,150.83 million in 2022[22]. - The net profit attributable to shareholders for 2023 was RMB 39,040.96 million, a 17.80% increase compared to RMB 33,142.35 million in 2022[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 32,754.58 million, up 4.88% from RMB 31,231.79 million in 2022[22]. - The net cash flow from operating activities for 2023 was RMB -5,663.74 million, a significant decline from RMB -714.32 million in 2022[22]. - The net assets attributable to shareholders at the end of 2023 were RMB 417,937.47 million, an increase of 11.32% from RMB 375,421.41 million at the end of 2022[22]. - The total assets at the end of 2023 were RMB 782,240.22 million, reflecting a 2.65% increase from RMB 762,017.38 million at the end of 2022[22]. - The company's accounts receivable balance at the end of the reporting period accounted for 51.69% of operating revenue, indicating potential cash flow risks[159]. - The company experienced a net cash flow from operating activities of -5,663.74 million RMB, primarily due to long production cycles and slow payment collection[162]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.3 yuan per 10 shares, totaling approximately 57.79 million yuan, which represents 14.80% of the net profit attributable to shareholders[5]. - The profit distribution plan requires approval from the shareholders' meeting to be implemented[5]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company has not experienced any situations where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report[8]. Research and Development - The company’s R&D investment accounted for 10.27% of operating revenue, slightly increasing from 10.26% in 2022[23]. - The company achieved a total of 49,716.46 million yuan in R&D expenses, a 0.73% increase compared to the previous year[123]. - The total number of patents applied for during the year was 445, with 400 patents granted, bringing the cumulative totals to 4,349 applications and 3,219 grants[121]. - The company has made significant advancements in its R&D capabilities, with a total of 1,174 granted invention patents to date[121]. Market and Strategic Initiatives - The company is focusing on expanding into key components, automotive electronics, and semiconductor sectors, achieving positive results[34]. - The company aims to enhance operational quality, optimize product structure, and reduce production costs as part of its strategic initiatives[33]. - The company is actively exploring new markets such as renewable energy and semiconductors, but faces challenges due to its limited experience in these areas[153]. - The company is focusing on the automation of material handling and assembly processes to reduce downtime and improve equipment utilization[1]. Risks and Challenges - The company has outlined potential risks in its management discussion and analysis section, which investors should pay attention to[4]. - The company faces risks related to its high dependency on the Apple supply chain, which constitutes a significant portion of its revenue[150]. - The company is exposed to foreign exchange risks as a significant portion of its revenue is denominated in USD, which may affect financial results due to currency fluctuations[163]. Production and Technology - The company has developed a strong end-to-end delivery capability, providing comprehensive services to a well-known domestic and international client base in the intelligent manufacturing equipment sector[61]. - The company’s automation equipment is designed for high precision and efficiency, with capabilities for automated assembly, testing, and logistics, significantly improving production efficiency[62]. - The company has implemented lean operations to reduce costs and improve efficiency across multiple dimensions, including design, production, and logistics[57]. - The company has developed advanced core technologies in industrial automation, including precision mechanical design and machine vision, enhancing product stability and reliability[114]. Customer and Market Relationships - The company has established long-term stable partnerships with major clients such as CATL, SAIC Group, and Sinopec, enhancing its market position in the smart charging and battery swapping station sector[46]. - The company has established stable partnerships with major component manufacturers such as Thyssenkrupp and Bosch, enhancing its product offerings in the automotive automation equipment sector[48]. - The company has established a comprehensive quality control system in accordance with ISO 9001-2015 standards, which has earned it the "2023 Wujiang District Quality Award" and "2023 Suzhou Quality Management Excellence Award"[146]. Future Outlook - Future strategies include enhancing automation and efficiency across various production processes to maintain industry leadership[6]. - The company aims to strengthen its core business in consumer electronics, focusing on precision manufacturing technologies and expanding its business scope along the industry chain[64]. - The company is focusing on diversifying its product offerings, including sensors, high-performance computing products, and communication devices[6].

公司代码：688097 公司简称：博众精工 博众精工科技股份有限公司 2023 年度内部控制评价报告 博众精工科技股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2023年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥742,955,747.03, representing a decrease of 15.88% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥21,277,243.18, a decline of 140.85% year-over-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥47,150,337.63, down 249.06% from the previous year[3] - The basic and diluted earnings per share were both -¥0.048, reflecting a decrease of 141.03%[9] - The total comprehensive income attributable to the parent company was -12,762,523.66 RMB, compared to 52,078,416.21 RMB in the previous period[23] - The net profit attributable to shareholders of the listed company decreased by 140.85% compared to the previous period[34] - The basic and diluted earnings per share were both -0.048 RMB, down from 0.117 RMB in the previous period[23] - The company reported a net loss of $17,010,831.20 for the current period, a significant decrease from a net profit of $52,475,087.59 in the previous period[51] - The total profit (loss) for the period was -$18,254,572.81, compared to a profit of $59,882,967.76 in the previous year[51] Cash Flow and Liquidity - The company's cash flow from operating activities was negative at -¥498,139,189.54, indicating a significant cash outflow[3] - The net cash flow from operating activities was -498,139,189.54 RMB, a significant decrease from -5,184,714.40 RMB in the previous period[25] - Cash flow from operating activities was RMB 683,220,997.89 in Q1 2024, significantly lower than RMB 1,091,802,091.11 in Q1 2023, indicating a decline of approximately 37%[47] - The company’s cash and cash equivalents decreased significantly, impacting liquidity and operational flexibility[47] - The total cash and cash equivalents at the end of the period decreased to $971,147,783.70 from $1,151,956,149.66, reflecting a decline of approximately 15.7%[49] - The net cash flow from financing activities was $367,246,408.47, compared to a net outflow of -$89,762,388.53 in the previous period, indicating a significant improvement[49] Expenses and Costs - Research and development expenses totaled ¥129,277,858.27, accounting for 17.40% of operating revenue, an increase of 3.42 percentage points[9] - Total operating costs for Q1 2024 were RMB 782,776,790.99, down from RMB 862,111,317.31 in Q1 2023, reflecting a reduction of approximately 9%[44] - The company reported a decrease in sales expenses to RMB 75,596,198.99 in Q1 2024 from RMB 71,491,797.58 in Q1 2023, reflecting an increase of about 5%[44] - The company’s financial expenses decreased significantly to RMB 5,911,505.24 in Q1 2024 from RMB 17,163,706.79 in Q1 2023, a reduction of approximately 65%[44] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,057,162,938.57, up 3.00% from the end of the previous year[9] - The company's total liabilities and shareholders' equity amounted to ¥8,057,162,938.57, reflecting a growth from ¥7,822,402,225.12 in the previous year[20] - The company reported a total inventory of ¥2,898,377,184.71, an increase from ¥2,434,933,654.48 year-over-year[18] - Accounts payable increased to RMB 1,146,712,714.50 as of March 31, 2024, compared to RMB 895,746,337.28 at the end of 2023, representing a rise of about 28%[42] - The total liabilities as of March 31, 2024, amounted to RMB 3,900,536,778.89, up from RMB 3,637,491,342.56 at the end of 2023, indicating an increase of approximately 7.2%[42] Government Support and Other Income - The company received government subsidies amounting to 29,431,563.28 RMB during the reporting period[33] - The company reported a total of 16,299,882.01 RMB in tax refunds received during the reporting period[25] - The company reported a significant increase in cash received from other operating activities, totaling 127,379,229.20 RMB, compared to 88,974,851.85 RMB in the previous period[25] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[39]

证券代码：688097 证券简称：博众精工 公告编号：2024-016 本公司监事会及全体监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。 一、监事会会议召集情况 博众精工科技股份有限公司（以下简称"公司"）第三届监事会第四次会议通知于 2024 年 4 月 12 日以书面形式发出，并于 2024 年 4 月 23 日在公司会议室以现场结合通 讯的方式召开。本次会议应出席监事 3 人，实际出席监事 3 人，会议由监事会主席吕军 辉先生主持。本次会议的召集、召开和表决程序符合《中华人民共和国公司法》和《公 司章程》的有关规定。 二、监事会会议审议情况 经与会监事审议，会议形成以下决议： （一）审议通过《关于公司 2023 年年度报告及其摘要的议案》 经审议，监事会认为：公司 2023 年年度报告及摘要的编制和审议程序符合相关法 律法规及《公司章程》等内部规章制度的规定，报告的内容和格式符合中国证券监督管 理委员会和上海证券交易所的各项规定，公允地反映了公司报告期的财务状况和经营成 果等事项。年度报告编制过程中，未发现公司参与年度报告编制和审议的 ...