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 ...

格隆汇9月3日丨博众精工(688097.SH)在投资者互动平台表示，公司在消费电子行业内深耕二十余年， 具备成熟的项目经验及深厚的自动化设备技术积累。除了目前服务的大客户外，公司也在横向开拓其他 客户和市场，把成熟的技术复制到其他客户及其他产品线。2025年上半年，公司取得vivo 等客户的手 机柔性模块化产线订单。目前公司还在开拓三星、oppo、传音、荣耀、小米等客户。 ...

Investment Rating - The report maintains a "Buy" rating for the company [4][6]. Core Views - The company has achieved steady growth in performance, with a revenue of 1.876 billion yuan and a net profit of 163 million yuan for the first half of 2025, representing year-on-year increases of 2.34% and 69.69% respectively [2][3]. - The company's gross margin and net margin for the first half of 2025 were 32.64% and 8.21%, showing a decrease of 3.62 percentage points and an increase of 2.85 percentage points respectively [2]. - The company is focusing on its core consumer electronics business while actively expanding into new clients and sectors, which is expected to mitigate performance volatility caused by industry cycles [2][3]. Summary by Sections Financial Performance - In the first half of 2025, the company reported a revenue of 1.876 billion yuan and a net profit of 163 million yuan, with a gross margin of 32.64% and a net margin of 8.21% [2][3]. - The company’s expenses were well-controlled, with sales, management, financial, and R&D expense ratios at 9.14%, 5.9%, 1.58%, and 12.55% respectively [2]. Business Segments - The new energy business showed rapid growth, generating approximately 570 million yuan in revenue, a year-on-year increase of 30.3% [3]. - The semiconductor business also experienced significant growth, with revenue reaching approximately 35.84 million yuan, a year-on-year increase of 314.4% [3]. - The company has signed a strategic cooperation agreement with CATL for charging and swapping station equipment, which is expected to benefit from ongoing construction in this area [3]. Future Projections - The company is projected to achieve net profits of 515 million yuan, 734 million yuan, and 856 million yuan for the years 2025, 2026, and 2027 respectively, with corresponding EPS of 1.15, 1.64, and 1.92 yuan [4][5]. - The report anticipates a multi-driver business structure with "3C + New Energy + Automotive" as the growth engines [3][4].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 36.30 yuan per share [7][4]. Core Insights - The company has demonstrated stable operations with revenue and profit growth, achieving a revenue of 1.876 billion yuan in H1 2025, a year-on-year increase of 2.34%, and a net profit of 163 million yuan, up 69.69% year-on-year [1]. - The gross margin for H1 2025 was 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% [1]. Business Development - The company has diversified its business across various sectors, including consumer electronics, new energy equipment, and automotive automation equipment, enhancing its competitive edge through vertical integration and smart manufacturing technologies [2][3]. - In the consumer electronics segment, the company covers a wide range of products, including smartphones, tablets, and smart wearables, while also extending its capabilities into component assembly and testing [2]. - The new energy equipment sector has seen significant growth, with lithium battery equipment shipments increasing and new orders for smart charging stations and logistics solutions rising by over 70% compared to the same period in 2024 [2]. - The automotive automation equipment division has established stable partnerships with well-known domestic and international manufacturers, significantly increasing the number of new international projects [2]. Financial Forecast - The company is projected to achieve revenues of 5.834 billion yuan, 6.826 billion yuan, and 7.937 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding net profits of 514 million yuan, 649 million yuan, and 815 million yuan [4][6]. - The expected earnings per share (EPS) for 2025, 2026, and 2027 are 1.15 yuan, 1.45 yuan, and 1.82 yuan, respectively, with price-to-earnings (P/E) ratios of 32, 25, and 20 times [4][6].

Investment Rating - The report upgrades the investment rating of the company to "Buy" [5] Core Views - The company is experiencing rapid growth in performance, driven by its 3C equipment and battery swapping station businesses [5] - The company has established strong partnerships with high-quality clients in the new energy and 3C sectors, leading to a significant increase in orders and revenue [2][5] - The company is actively expanding its presence in the humanoid robot sector, providing essential production equipment to well-known international robotics companies [5] Financial Performance Summary - In the first half of 2025, the company achieved 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, up 69.69% year-on-year [2] - The 3C business accounted for 62.75% of total revenue, while the new energy business contributed 30.35% [2] - The company's gross profit margin was 32.6%, a decrease of 3.6 percentage points year-on-year, while the net profit margin improved by 2.8 percentage points [3] - The company's contract liabilities increased by 483.3% year-on-year, indicating a substantial rise in order volume [4] Revenue and Profit Forecast - The company forecasts total revenue of 6.027 billion yuan for 2025, representing a year-on-year growth of 21.65% [1] - The net profit attributable to shareholders is projected to reach 554.96 million yuan in 2025, reflecting a growth rate of 39.30% [1] - The earnings per share (EPS) is expected to be 1.24 yuan in 2025, with a price-to-earnings (P/E) ratio of 28.73 based on the current market price [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company has shown strong performance in the new energy sector, with a diversified business layout supporting long-term development [1] - In H1 2025, the company achieved total operating revenue of 1.876 billion yuan, a year-on-year increase of 2.34%, and a net profit attributable to the parent company of 163 million yuan, a year-on-year increase of 69.69% [3][5] - The consumer electronics business accounted for 62.75% of total revenue, while the new energy sector saw a 30.3% year-on-year growth, contributing 30.35% to total revenue [5] Summary by Sections Financial Performance - In H1 2025, the company reported a comprehensive gross margin of 32.64% and a net profit margin of 8.21% [5] - The sales gross margin for Q2 was 33.12%, down 5.59 percentage points year-on-year, while the net profit margin increased by 6.05 percentage points to 16.63% [5] - The company’s operating expenses as a percentage of revenue were 9.14% for sales, 5.9% for management, 12.55% for R&D, and 1.58% for financial expenses [5] Business Segments - The consumer electronics segment is expected to grow rapidly due to Apple's upcoming product launches, including new iPhone models [5] - The new energy business is expanding with a focus on smart charging and battery swapping stations, having received orders for over 500 stations and delivered more than 300 [5][6] - The semiconductor segment has seen significant growth, with a year-on-year revenue increase of 314.4% in H1 2025, driven by high-precision equipment orders from leading global companies [6] Future Outlook - The company is projected to achieve net profits of 513 million yuan, 630 million yuan, and 757 million yuan for the years 2025, 2026, and 2027 respectively [9] - The current stock price corresponds to a price-to-earnings ratio (P/E) of 31.1x for 2025, 25.3x for 2026, and 21.1x for 2027 [9] - The diversified business structure, particularly in new energy and semiconductors, is expected to enhance the company's profitability as these segments mature [9]

Group 1 - The core viewpoint is that a potential interest rate cut by the Federal Reserve may enhance capital expenditure willingness in the U.S. industrial and consumer goods sectors, benefiting export chain enterprises [2] - The Fed's interest rate futures market indicates an 89% probability of a 25 basis point cut in September, up from 75% the previous day, with an expected cumulative cut of approximately 58 basis points for the year [2] Group 2 - Zhiyuan Robotics held its first partner conference, showcasing its full-chain layout in products, technology, business, ecology, capital, and team, aiming to accelerate the commercialization of embodied intelligence [3] - NVIDIA is set to launch a new AI product on August 25, which is anticipated to be a significant breakthrough in the smart field [3] Group 3 - Recommended companies for investment include SANY Heavy Industry (600031.SH), Anhui Heli (600761.SH), Top Group (601689.SH), and Bozhong Precision (688097.SH) [1][4] - Various sectors to focus on include engineering machinery, general machinery, humanoid robots, 3C sector, semiconductor equipment, energy equipment, scientific instruments, controlled nuclear fusion, and other specialized equipment [4]