证券代码：688097 证券简称：博众精工 公告编号：2025-032 博众精工科技股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持有股份的基本情况 截至本公告披露日，博众精工科技股份有限公司（以下简称"博众精工"或 "公司"）员工持股平台苏州众二股权投资合伙企业（有限合伙）（以下简称"苏 州众二"）、苏州众六投资合伙企业（有限合伙）（以下简称"苏州众之六"）、苏 州众之七股权投资合伙企业（有限合伙）（以下简称"苏州众之七"）、苏州众之 八股权投资合伙企业（有限合伙）（以下简称"苏州众之八"）、苏州众十投资合 伙企业（有限合伙）（以下简称"苏州众十"）合计直接持有公司 153,586,468 股股份，占公司总股本的 34.39%。上述股份均为公司首次公开发行前取得的股 份，该部分股份已于 2024 年 5 月 13 日起上市流通。 减持计划的主要内容 因部分员工自身资金需求，苏州众二、苏州众六、苏州众之七、苏州众之八、 苏州众十拟通过集中竞价或大宗交易方 ...

证券代码：688097 证券简称：博众精工 公告编号：2025-031 博众精工科技股份有限公司 关于中证中小投资者服务中心《股东质询函》的回复公 告 一、说明合并日上海沃典可辨认净资产金额预计过程 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。 经核实，上海沃典于评估基准日即 2024 年 12 月 31 日经审计的归属于母公司 所有者权益合计 13,264.00 万元。在此基础上，上海沃典合并日可辨认净资产经 过预计过程如下： 1、期后经营成果导致的净资产增加 根据未经审计的财务数据，2024 年 12 月 31 日至合并日，上海沃典预计实现 净利润区间为 2,023.00 万元至 2,300.00 万元（未经审计），相应合并日可辨认 净资产预计增加 2,023.00 万元至 2,300.00 万元。 博众精工科技股份有限公司（以下简称"公司"）于 2025 年 6 月 30 日收到 中证中小投资者服务中心针对公司以自有资金收购上海沃典工业自动化有限公司 （以下简称"上海沃典"或"标的公司"）70%股权事宜发来的《股东质询 ...

Core Viewpoint - The rapid growth of the battery swapping connector market is driven by the increasing popularity of the battery swapping model in the electric vehicle sector, with the market expected to reach 5 billion yuan in 2024, a year-on-year increase of 35.7%, and further grow to approximately 6.42 billion yuan in 2025 [1][15][22]. Industry Overview - Battery swapping connectors are high-voltage connectors that facilitate the rapid transfer of energy and data signals from battery swapping station equipment to electric vehicle battery packs, ensuring stable and reliable connections during the battery swapping process [3][11]. - The battery swapping connector market in China is experiencing significant growth, with applications extending beyond passenger and commercial vehicles to energy and industrial sectors [1][15]. Market Size and Growth - The market size of the battery swapping connector industry in China is projected to reach 5 billion yuan in 2024, reflecting a 35.7% year-on-year increase, and is expected to grow to around 6.42 billion yuan by 2025 [1][15]. - The demand for battery swapping connectors is anticipated to continue rising due to the increasing number of battery swapping stations, which are expected to reach 4,819 by May 2025, an increase of 376 from the end of 2024 [13][15]. Competitive Landscape - The battery swapping connector industry features competition from both international brands, such as TE Connectivity and Amphenol, and domestic brands like AVIC Optoelectronics and Yonggui Electric, with the latter gaining traction in the mid-to-high-end market [17][18]. Policy Support - The Chinese government has introduced several policies to promote the development of the battery swapping connector industry, including guidelines to enhance the resilience of the supply chain and support the construction of battery swapping stations [8][9]. Industry Chain - The battery swapping connector industry consists of an upstream segment involving raw materials like metals and plastics, a midstream segment focused on manufacturing, and a downstream segment that includes applications in battery swapping stations and electric vehicles [9][11]. Future Trends - The industry is expected to see advancements in technology and materials, with a focus on introducing new conductive materials and smart monitoring systems to enhance user experience [22][23]. - Standardization and unification of battery swapping connectors will be crucial for compatibility across different brands and models, reducing production costs and maintenance challenges [23]. - The industry will increasingly emphasize environmental sustainability by utilizing low-carbon materials and improving energy efficiency [25].

Group 1 - The core viewpoint of the news is that 聚鸣投资 has conducted research on 博众精工, highlighting the company's optimistic order expectations for the next year, driven by growth in the consumer electronics and new energy sectors [1] - 博众精工 has started consolidating 上海沃典's financials since the end of June this year, focusing on the transmission electron microscope business to fill domestic gaps and accelerate localization [1] - The company has achieved mass production of 200kV transmission electron microscopes and has mastered the independent production of core components such as thermal field electron guns and ultra-high stability power supplies [1] Group 2 - 博众精工's customer base includes domestic universities, third-party testing platforms, research institutes, and enterprises in materials science, life sciences, and semiconductors, with active expansion into overseas markets [1] - The company faces competition from international players such as Thermo Fisher and Hitachi in the transmission electron microscope market, which is widely used in materials science, life sciences, and semiconductors [1]

Core Viewpoint - The announcement details a change in equity among the actual controllers of Bozhong Precision Technology Co., Ltd., specifically between Mr. Lv Shaolin and Ms. Cheng Caixia, which does not involve an increase or decrease in shareholding and will not adversely affect the company [1][2]. Summary by Sections Equity Change Overview - The equity change involves the transfer of partnership shares from Ms. Cheng Caixia to Mr. Lv Shaolin within several investment partnerships, including Suzhou Zhong Er, Suzhou Zhong Liu, Suzhou Zhong Zhi Qi, Suzhou Zhong Zhi Ba, and Suzhou Zhong Shi [1][2]. - Before the change, Mr. Lv Shaolin held a total of 36.8481% of the company's shares, which includes 0.0790% directly and 36.7691% indirectly through various partnerships [2]. - After the change, Mr. Lv Shaolin's total shareholding increased to 49.7280%, with 0.0790% directly and 49.6490% indirectly through the partnerships [2][3]. Shareholding Structure - Before the equity change, Ms. Cheng Caixia held 23.1565% of the company's shares indirectly through the same partnerships. After the change, her indirect holding decreased to 10.2766% [3][4]. - The shareholding structure remains stable, with the controlling shareholder still being Jiangsu Bozhong Intelligent Technology Group Co., Ltd., and the actual controllers remaining Mr. Lv Shaolin and Ms. Cheng Caixia [1][5]. Control Relationship - The control relationship before and after the equity change remains unchanged, with Bozhong Group as the controlling shareholder and both Mr. Lv Shaolin and Ms. Cheng Caixia collectively holding 65.9157% of the voting rights [5]. - The equity change is characterized as a reasonable asset arrangement between family members, with no financial transactions or third-party equity changes involved [5].

证券代码：688097 证券简称：博众精工 公告编号：2025-030 博众精工科技股份有限公司 关于实际控制人之间权益变动的提示性公告 公司实际控制人吕绍林先生、程彩霞女士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。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一 致。 重要内容提示： 本次权益变动属于实际控制人之间在股东苏州众二股权投资合伙企业（有 限合伙）（以下简称"苏州众二"）、苏州众六投资合伙企业（有限合伙）（以 下简称"苏州众六"）、苏州众之七股权投资合伙企业（有限合伙）（以下简称 "苏州众之七"）、苏州众之八股权投资合伙企业（有限合伙）（以下简称"苏 州众之八"）、苏州众十投资合伙企业（有限合伙）（以下简称"苏州众十"） 层面实施的权益变动，不属于增持或减持行为，不会对公司产生重大不利影响。 本次权益变动前后实际控制人及其一致行动人合计拥有权益的股份数量及 占公司总股本的比例未发生变化。 本次权益变动完成后，公司控股股东仍为江苏博众智能科技集团有限公 司（以下简称"博众集团"），实际控制人仍为吕绍林先生、程彩霞女士。 博众精工科技股份有限公司（以 ...

Core Viewpoint - The launch of the first domestically produced 200kV field emission transmission electron microscope (TEM) BZ-F200 by Suzhou Bozhong Instrument marks a significant breakthrough in China's high-end scientific instruments, achieving a lattice resolution of 0.14 nanometers, the highest in the country, and matching international mainstream products [1][2]. Group 1: Event Overview - The launch event took place on June 28 in Suzhou, attended by over a hundred representatives from government, academia, industry, finance, and media, highlighting the innovation in China's high-end scientific instrument sector [2][8]. - The event was themed "Mirror World" and presented the development journey of domestic transmission electron microscopes through three chapters: "Breaking Boundaries," "Innovating Perspectives," and "Gathering Strength for Future Voyages" [2][5]. Group 2: Key Achievements and Innovations - The BZ-F200 TEM represents five years of technological breakthroughs, overcoming challenges in key technologies such as electron source preparation and ultra-high stability high-voltage power supply [21][24]. - The device is designed for atomic-level observation in fields like integrated circuits and new materials, showcasing capabilities such as lattice structure analysis, defect analysis, and composition analysis [22][24]. - The successful development of the BZ-F200 is seen as a critical step in achieving domestic substitution in key areas previously dominated by foreign technologies, with the domestic high-end instrument market share increasing from 30% to 45.5% in 2023 [28]. Group 3: Future Directions and Collaborations - The company plans to focus on core electron beam technologies, with future models expected to include 120kV and 300kV versions by 2026, and aims to tackle high-end equipment such as spherical aberration correctors and cryo-electron microscopes [21][22]. - Collaborations were established with Suzhou University and other key players in the industry to create a self-controlled innovation ecosystem, integrating resources across the innovation chain, industry chain, and ecological chain [31][33].

Investment Rating - The report does not explicitly state an overall investment rating for the industry or specific companies [2]. Core Insights - The humanoid robot industry in China is experiencing significant growth, with companies like Orbbec and Rongtai expanding their market presence and revenue projections [3][4]. - The report highlights the increasing demand for components and technologies related to humanoid robots, indicating a robust supply chain development [2][3][4][5][6][7]. Company Summaries Orbbec (688322.SS) - Orbbec's humanoid robot revenue is projected to grow from Rmb4 million in 2024 to Rmb30 million in 2025, with market share in China expected to surpass that of Intel's RealSense [3][10]. - The dollar content for 3D vision technology is anticipated to increase from Rmb4,000-5,000 to Rmb8,000 as it becomes integrated into more parts of the robot [3]. Rongtai (603119.SS) - Rongtai has a ~50% market share in micro ballscrews used in humanoid robots and is expanding its operations by building a factory in Thailand to meet US customer requirements [4][10]. - The company aims to grow its core business by 20%-30% CAGR, driven by rising penetration rates in the humanoid robot supply chain [4]. Hengli (601100.SS) - Hengli plans to reduce the production cost of planetary roller screws to ~Rmb1,000 by the end of 2025 and is considering establishing a plant in Houston, TX, to secure orders from US customers [5][10]. - The company targets a +10% YoY revenue and earnings growth, primarily driven by strong demand in the excavator component business [10]. Bozhon (688097.SS) - Bozhon's subsidiary Linkhou is expected to generate Rmb400 million-500 million in revenue in 2025 by providing components and assembly services to Zhiyuan [6][10]. - The company has sold Rmb20 million-30 million worth of humanoid robot assembly equipment to a leading US humanoid robot maker since 2024 [6]. Wolong (600580.SS) - Wolong aims to become the second electric motor supplier to Zhiyuan, targeting revenue growth from Rmb15 billion in 2024 to Rmb16 billion in 2025 [7][10]. - The company plans to pursue mergers and acquisitions to fuel long-term growth, with net profit expected to rise from Rmb793 million in 2024 to Rmb1.1 billion in 2025 [7][10].

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, emphasizing the importance of robot application scenarios and AI-related equipment [2][7]. Core Insights - The mechanical industry is expected to enter a new recovery cycle driven by monetary and fiscal policies, with a focus on AI and automation technologies [7][20]. - Key companies in the industry are projected to experience significant revenue growth, with specific recommendations for companies like 汇川技术 (Inovance Technology), 信捷电气 (Xinjie Electric), and others [3][20]. - The demand for high-performance servers, GPUs, and advanced PCB equipment is surging due to the rapid iteration of AI models and smart hardware applications [7][20]. Summary by Sections Industry Overview - The mechanical industry comprises 633 listed companies with a total market capitalization of approximately 50,973.14 billion yuan [4]. - The industry has shown a 27.6% absolute performance increase over the past 12 months [5]. Key Company Earnings Forecasts - 汇川技术 (Inovance Technology): Expected EPS growth from 2.12 yuan in 2025 to 3.01 yuan in 2027, with a strong buy rating [3]. - 信捷电气 (Xinjie Electric): Projected EPS of 1.83 yuan in 2025, increasing to 2.78 yuan by 2027, rated as a strong buy [3]. - 法兰泰克 (Falan Tech): Anticipated EPS growth from 0.60 yuan in 2025 to 0.94 yuan in 2027, also rated as a strong buy [3]. Investment Recommendations - The report highlights the importance of focusing on companies involved in AI and robotics, particularly those with established partnerships and innovative solutions [7][20]. - Specific recommendations include companies like 柯力传感 (Keli Sensor), 东华测试 (Donghua Testing), and others in the robotics and automation sectors [7][20]. Market Trends - The report notes a significant increase in demand for automation and AI-related equipment, particularly in sectors such as automotive manufacturing and smart logistics [7][20]. - The mechanical industry is experiencing a shift towards more automated solutions, with a clear trend towards the commercialization of humanoid robots and AI applications [7][20].

Core Viewpoint - The company, Bozhong Precision, announced a plan to acquire 70% of Shanghai Wodian Industrial Automation Co., Ltd. for 420 million yuan, marking a significant investment in the automotive smart equipment sector despite facing financial difficulties and operational challenges [1][2]. Financial Overview - The acquisition price represents a 400% premium, resulting in an estimated goodwill of approximately 360 million yuan for Bozhong Precision [1][3]. - As of the end of Q1 2025, Bozhong Precision had around 1.4 billion yuan in cash, which is insufficient to cover 1.7 billion yuan in short-term borrowings and current portion of long-term debt [5]. Operational Challenges - Bozhong Precision has experienced stagnant performance for two consecutive years, with a net profit of 398 million yuan in 2024, reflecting a year-on-year growth of only 2.04% [9]. - In Q1 2025, the company reported a revenue of 73.7 million yuan, a decline of 0.80% year-on-year, and a net loss of 31 million yuan, indicating an expansion of losses [10]. Accounts Receivable Issues - The company's accounts receivable reached 3.49 billion yuan in 2024, a 38% increase year-on-year, with an accounts receivable turnover period of 216 days, up 29% [11]. - In Q1 2025, accounts receivable stood at 3.199 billion yuan, a 27% increase year-on-year, with a turnover period of 403 days, reflecting a 34% increase [11]. Fundraising Difficulties - Bozhong Precision's IPO in May 2021 aimed to raise 1.165 billion yuan but only secured 462 million yuan, falling short of 40% of the target [13]. - A subsequent fundraising plan in January 2022 aimed for 1.7 billion yuan but ultimately raised only 1 billion yuan, which is 60% below the planned amount, with all three investment projects delayed until December 2026 [13]. Strategic Shift - The acquisition of Shanghai Wodian is intended to leverage its expertise in automotive smart equipment, aiming to diversify Bozhong Precision's business structure into a multi-faceted industrial automation solutions provider [4]. - The target company has established partnerships with major automotive brands such as BMW, Mercedes-Benz, Xiaomi, and Geely, indicating potential for future growth [3]. Profitability Expectations - The transaction includes a commitment from the target company to achieve a cumulative net profit of no less than 185 million yuan from 2025 to 2027, suggesting an expected annual profit of approximately 62 million yuan [7]. - In 2024, the target company reported a net profit of 38.57 million yuan, indicating expectations for significant growth in future performance [7].