Company Overview - As of May 30, 2025, the stock price of Shanghai Bichu Electronics (688188) closed at 188.82 CNY, down 1.11% from the previous week's closing price of 190.94 CNY. The stock reached a high of 196.67 CNY and a low of 188.82 CNY during the week. The company's current market capitalization is 38.896 billion CNY, ranking 6th out of 84 in the computer equipment sector and 342nd out of 5146 in the A-share market [1]. Company Announcements - The third supervisory board of Shanghai Bichu Electronics approved a proposal to provide a loan of 50 million CNY to its subsidiary, Bichu CNC, at a borrowing rate equal to the current bank loan rate (LRP). This funding is intended for the "Ultra-High Precision Drive and Control Integration R&D Project" [2]. - The company announced its 2024 annual equity distribution plan, which includes a cash dividend of 2.16 CNY per share and a bonus share issuance of 0.4 shares for every share held. Based on a total share capital of 205,993,742 shares before the distribution, the total cash dividend amounts to approximately 444.95 million CNY, and the bonus share issuance will result in an additional 82,397,497 shares, bringing the total share capital to 288,391,239 shares. The record date for the distribution is June 6, 2025, with the ex-dividend date and the listing date for the new shares on June 9, 2025 [3]. - The company has established an employee loan management system with a special fund pool of 6 million CNY. Eligible employees can borrow funds for purchasing their first home or for treating acute illnesses. The loan term is set for 2 years, with the possibility of a one-time extension under special circumstances, not exceeding 2 years. Employees must repay the loan within 20 working days upon resignation [4].

重要内容提示： | 股权登记日 | 除权（息）日 | 新增无限售条件流 | 现金红利发放日 | | --- | --- | --- | --- | | | | 通股份上市日 | | | 2025/6/6 | 2025/6/9 | 2025/6/9 | 2025/6/9 | 一、 通过分配、转增股本方案的股东大会届次和日期 本次利润分配及转增股本方案经公司2025 年 5 月 19 日的2024年年度股东大 会审议通过。 二、 分配、转增股本方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 证券代码：688188 证券简称：柏楚电子 公告编号：2025-025 上海柏楚电子科技股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证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。 公司存在首发战略配售股份，首发战略配售股份已全部上市流通 是否涉及差异化分红送转：否 每股分配比例，每股转增比例 每股现金红利2.16元 每股转增0.4股 相关日期 1. 发放年度：2024年年度 2. 分派对象： 公司上海分公司（以下简 ...

Group 1 - The purpose of the document is to strengthen the management of employee welfare loans, standardize the loan process, and ensure effective use of special funds for eligible employees [1] - The document applies to several companies under the group and specifies the conditions under which employees can apply for loans, such as purchasing a first home or treating acute illnesses of direct relatives [1] - The total amount allocated for employee welfare loans is 6 million RMB, managed by the finance department, with the possibility of recycling returned loans for future applications [1] Group 2 - Employees must meet specific criteria to qualify for loans, including passing annual performance evaluations and having a close relationship with major shareholders [1] - The loan application process involves pre-approval, submission of supporting documents, and signing a loan agreement within a specified timeframe [1] - Employees are required to repay loans within the agreed period, with provisions for a one-time extension of up to two years under special circumstances [1] Group 3 - The document outlines penalties for employees who fail to repay loans on time, including the obligation to return all borrowed amounts within a specified period [1] - The final interpretation of the management system is reserved for the company's board of directors, and the system is effective upon board approval [1]

Group 1 - The core point of the announcement is the approval of the use of part of the raised funds to provide a loan to the subsidiary for the implementation of a fundraising project [1][2] - The Supervisory Board meeting was held on May 27, 2025, with all three supervisors present, and the resolutions passed were deemed legal and effective [1] - The loan amount approved is RMB 50 million, with an interest rate aligned with the current bank loan rate, aimed at supporting the "Ultra-High Precision Drive and Control Integration R&D Project" [1][2] Group 2 - The decision to provide the loan is in accordance with the fundraising plan and does not harm the interests of the company or its shareholders, particularly minority shareholders [1] - The resolution complies with relevant regulations, including the "Regulatory Guidelines for the Management and Use of Raised Funds by Listed Companies" and the "Shanghai Stock Exchange Science and Technology Innovation Board Listing Rules" [1]

根据中国证券监督管理委员会《关于同意上海柏楚电子科技股份有限公司向特定对 象发行股票注册的批复》（证监许可〔2022〕372 号），公司向特定对象发行 A 股股票 3,665,441 股，发行价格为人民币 266.68 元/股，本次发行的募集资金总额为人民币 977,499,805.88 元，扣除相关发行费用人民币 19,104,622.65 元，募集资金净额为人民币 958,395,183.23 元。2022 年 4 月 8 日，立信会计师事务所（特殊普通合伙）对上述募集 资金到位情况进行了审验，并出具了《验资报告》（信会师报字[2022]第 ZA10859 号）。 募集资金到账后，为规范募集资金管理和使用，公司对募集资金进行了专户存储， 并与保荐机构、募集资金专户开户银行签署了《募集资金专户存储三方监管协议》和《募 集资金专户存储四方监管协议》。 中信证券股份有限公司 关于上海柏楚电子科技股份有限公司 使用部分募集资金向控股子公司提供借款以实施募投项目 的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为上海柏楚电 子科技股份有限公司（以下简称"公司"、"柏楚电子"或"发行人"）向特 ...

二〇二五年五月 第一章 总则 员工借款管理制度 一、目的 上海柏楚电子科技股份有限公司 为加强公司对员工福利借款的管理，规范借款流程以及权限责任，确保公司 的专项资金能够有效合理使用，保障为符合条件的员工提供及时、有效、规范的 专项资金支持，并结合公司的实际情况，特制定本制度。 二、适用范围及性质 1、本制度适用于上海柏楚电子科技股份有限公司及其下属子公司上海柏楚 数控科技有限公司、上海控软网络科技有限公司、上海波刺自动化科技有限公司 及上海柏楚贸易有限公司； 2、本制度规范的专项资金属于公司对员工的支持性借款，不收取利息； 3、本制度规范的借款对象为符合条件的全体正式员工； 4、本制度规范的借款用途为： ① 员工本人购买家庭首套住房； ② 员工本人或员工的直系亲属（父母、配偶、子女、祖父母、外祖父母及 配偶父母）治疗突发急性重病。 三、部门职责 1、人力资源部 预审借款资格、反馈审核结果，签订借款协议、汇总归档相关资料，追踪员 工借款情况。 2、财务部 管理福利借款资金池，执行借款审批后的打款转账操作，核对账面还款进度。 3、审计部 负责监督本管理制度的实施，并定期向审计委员会汇报检查结果。 四、借款资格 ...

上海柏楚电子科技股份有限公司 关于使用部分募集资金向控股子公司提供借款以实施募投 项目的公告 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。 上海柏楚电子科技股份有限公司（以下简称"公司"）于 2025 年 5 月 27 日召开公司第三届董事会第十四次会议、第三届监事会第十二次会议，审议通过 了《关于使用部分募集资金向控股子公司提供借款以实施募投项目的议案》，同 意公司使用募集资金 5,000.00 万元（人民币，下同）向控股子公司上海柏楚数控 科技有限公司（以下简称"柏楚数控"）提供借款，用于实施募投项目"超高精 密驱控一体研发项目"。公司监事会对该事项发表了明确的同意意见，保荐机构 中信证券股份有限公司（以下简称"保荐机构"）对公司使用部分募集资金向控 股子公司提供借款以实施募投项目出具了明确核查意见。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意上海柏楚电子科技股份有限公司向 特定对象发行股票注册的批复》（证监许可〔2022〕372 号），公司向特定对象 发行股票 A 股股票 3,665,441 股，发 ...

证券代码：688188 证券简称：柏楚电子 公告编号：2025-024 上海柏楚电子科技股份有限公司 第三届监事会第十二次会议决议公告 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、监事会会议召开情况 上海柏楚电子科技股份有限公司（以下简称"公司"）第三届监事会第十二 次会议于 2025 年 5 月 27 日在公司会议室以现场方式召开，会议通知已于 2025 年 5 月 22 日以专人送出和电话形式发出。会议由监事会主席万章主持，会议应 到监事 3 名，实际出席监事 3 名。本次会议的召集、召开方式以及议案审议程 序符合《中华人民共和国公司法》及《上海柏楚电子科技股份有限公司章程》 （以下简称"《公司章程》"）的相关规定，表决所形成决议合法有效。 二、监事会会议审议情况 （一）审议通过《关于使用部分募集资金向控股子公司提供借款以实施募 投项目的议案》 公司监事会认为：公司使用部分募集资金向募投项目"超高精密驱控一体 研发项目"的实施主体公司控股子公司柏楚数控提供借款利息为同期银行贷款 利率（LRP）的人民币 5,00 ...

证券代码：688188 证券简称：柏楚电子 公告编号：2025-022 上海柏楚电子科技股份有限公司 关于调整 2024 年度利润分配现金分红总额 依据上述总股本变动情况，公司按照每股现金分红金额不变以及每股转增比 例不变的原则，对 2024 年度利润分配方案的现金分红总额及转增股本总额进行 相应调整，拟以实施权益分派股权登记日登记的总股本为基数分配利润，拟向全 体股东每 10 股派发现金红利 21.60 元（含税），拟以资本公积向全体股东每 10 股转增 4 股。截至本公告披露日，公司股本总数为 205,993,742 股，以此计算合 计拟派发现金红利总额为 444,946,482.72 元（含税），占 2024 年度合并报表中归 属于上市公司普通股股东的净利润的比例为 50.41%（保留两位小数）；同时合计 拟转增 82,397,497 股，转增后公司总股本增加至 288,391,239 股。（以中国证券登 记结算有限责任公司届时登记结果为准，如有尾差，系取整所致。） 特此公告。 上海柏楚电子科技股份有限公司 董事会 及资本公积转增股本总额的公告 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 ...

Investment Rating - The report assigns an "Accumulate-A" rating for the company, indicating a positive outlook for its stock performance in the near term [8]. Core Views - The company's profitability remains high, supported by the continuous increase in domestic demand for high-power thick plate cutting and the expansion of international application scenarios [4][5]. - The intelligent welding business is expected to see significant growth, with the company leveraging its digital twin system to enhance production efficiency and reduce costs [5][6]. Financial Performance - In 2024, the company achieved a revenue of 1.735 billion yuan, a year-on-year increase of 23.33%, and a net profit of 883 million yuan, up 21.10% year-on-year [3]. - For Q1 2025, the company reported a revenue of 496 million yuan, reflecting a year-on-year growth of 30.12%, and a net profit of 255 million yuan, up 31.99% year-on-year [3]. Product Segmentation - The revenue from flat solutions was 1.125 billion yuan, contributing 64.81% to total revenue, with a gross margin of 82.69% [4]. - The revenue from pipe solutions reached 380 million yuan, contributing 21.91%, with a gross margin of 87.54% [4]. - The three-dimensional solutions saw a remarkable growth of 409.90% year-on-year, generating 37 million yuan in revenue [4]. Market Position and Strategy - The company holds a leading position in the domestic market for mid-to-low power laser cutting control systems, with a market share of approximately 60% [5]. - The company is expanding its high-power cutting capabilities through a combination of control systems and cutting heads, aiming to break the monopoly of international giants [5]. Future Outlook - The company is expected to see its earnings per share (EPS) grow to 5.17 yuan in 2025, 6.36 yuan in 2026, and 8.04 yuan in 2027, with corresponding price-to-earnings (P/E) ratios of 37.4, 30.3, and 24.0 respectively [8][10].