Fundraising Overview - The company raised a total of RMB 1,714,500,000.00 from its initial public offering (IPO) by issuing 25 million shares at a price of RMB 68.58 per share, with all funds received by August 2, 2019 [1] - In a subsequent issuance, the company raised RMB 977,499,805.88 by issuing 3,665,441 shares at RMB 266.68 per share, with funds received by April 8, 2022 [1] Fund Utilization and Balance - As of June 30, 2025, the total balance of the fundraising account was RMB 181,096,987.54 from the IPO and RMB 172,270,328.39 from the subsequent issuance [1][2] - The company utilized RMB 498,760,103.50 for project expenditures and RMB 440,000,000.00 for financial products that have not been redeemed from the IPO funds [1] - From the second issuance, RMB 362,069,872.39 was used for project expenditures and RMB 450,000,000.00 for financial products that have not been redeemed [1] Fund Management Practices - The company established a fundraising management system in compliance with regulatory requirements, ensuring that all funds are stored in dedicated accounts approved by the board [2] - A total of six fundraising special accounts were opened, including accounts for subsidiaries, with specific agreements in place for fund storage and management [2][3] Investment Projects and Financial Management - The company has not engaged in any pre-investment or replacement of fundraising projects during the reporting period [5] - The company has utilized idle fundraising funds for cash management, investing up to RMB 1,330 million in safe and liquid financial products [5] - As of June 30, 2025, the company had invested RMB 993,300,000.00 from the IPO funds in financial products, with RMB 949,300,000.00 redeemed and RMB 44,000,000.00 remaining [5][6] Project Adjustments and Fund Usage - The company approved the use of RMB 160 million from surplus fundraising for permanent working capital [7] - Adjustments were made to the timelines for certain investment projects, with expected completion dates extended to December 2025 [7] - The company has not changed the use of funds for any investment projects during the reporting period [7]

Core Viewpoint - The company is committed to enhancing operational quality and investor returns through its "Quality Improvement and Efficiency Enhancement" action plan for 2025, aiming to maintain a positive image in the capital market and promote sustainable development [1]. Group 1: Business Performance - In the first half of 2025, the company achieved a revenue of 1,103.48 million yuan, representing a year-on-year growth of 24.89%, and a net profit attributable to shareholders of 640.12 million yuan, up 30.32% year-on-year [4]. Group 2: Technological Advancements - The company launched the new FSCUT9200 steel cutting system, which supports various cutting processes, enhancing efficiency in the bridge steel structure industry and traditional boiler pipe processing [2]. - In the intelligent welding sector, the company introduced a multi-machine collaborative solution that enhances production efficiency and factory utilization [2]. - The company developed the "UltraOCT Real-time Laser Welding Penetration Measurement System" for precise monitoring and quality control in laser welding processes [3]. Group 3: Research and Development - The company maintains a high R&D investment intensity, with R&D expenses accounting for 10.73% of revenue in the first half of 2025, and has filed for 7 new patents during the same period [6]. - The company is focused on continuous improvement and iteration of existing technology platforms to strengthen core technical capabilities [4]. Group 4: Corporate Governance - As of June 30, 2025, the board of directors, supervisors, and senior management collectively held 189,389,556 shares, accounting for approximately 65.67% of the total share capital, ensuring alignment of management and investor interests [6]. Group 5: Investor Relations and Returns - The company plans to distribute a cash dividend of 21.60 yuan per 10 shares, totaling 147.52 million yuan, which represents 30.01% of the net profit attributable to shareholders for the first half of 2025 [7]. - The company emphasizes timely and flexible dividend distribution to share operational results with shareholders [7]. Group 6: Information Disclosure - The company has improved the quality of information disclosure and enhanced communication with investors through various platforms, ensuring transparency and equal access to information [8].

Core Viewpoint - Shanghai Bochu Electronic Technology Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, driven by increased demand in the laser cutting industry and successful market expansion efforts [1][3]. Company Overview and Financial Indicators - The company achieved operating revenue of approximately 1.10 billion RMB, a year-on-year increase of 24.89% compared to 883.59 million RMB in the same period last year [3]. - The total profit reached approximately 734.87 million RMB, up 24.18% from 591.79 million RMB [3]. - Net profit attributable to shareholders was approximately 640.12 million RMB, reflecting a 30.32% increase from 491.18 million RMB [3]. - The net cash flow from operating activities was approximately 556.09 million RMB, a 37.81% increase from 403.52 million RMB [3]. - The company's net assets at the end of the reporting period were approximately 5.71 billion RMB, a 4.50% increase from the previous year [3]. Business and Industry Analysis - The company specializes in the research, production, and sales of industrial automation systems, particularly focusing on laser cutting control systems [4][6]. - The main products include various automation products centered around laser cutting control systems, such as tracking control systems and bus control systems [5][6]. - The laser cutting industry is characterized by high technical barriers, with significant investments in R&D required to maintain competitiveness [8]. - The company has maintained a leading position in the domestic market for mid-to-low power laser cutting control systems, achieving significant market share [8][9]. - The company is also expanding into high-power laser cutting control systems, where it has made breakthroughs in product sales and technology [9]. Competitive Advantages - The company benefits from a first-mover advantage in the laser cutting control system market, having established a strong brand reputation and customer base over the years [12]. - The technical team comprises experienced professionals with deep industry knowledge, contributing to the company's innovative capabilities [12][13]. - The company has developed a comprehensive technology chain covering the entire laser cutting process, which is recognized as globally leading [13]. R&D and Innovation - The company emphasizes continuous investment in R&D, with a focus on enhancing core technologies and exploring new market opportunities [10][11]. - Recent innovations include advanced automation features in laser cutting and intelligent welding solutions, aimed at improving efficiency and adaptability in various industrial applications [10][11]. - The company has a strong commitment to integrating new technologies with practical applications, ensuring that innovations align with market needs [9][10].

市盈率: 20.61倍 上海柏楚电子科技股份有限公司2025 年半年度报告摘要 公司代码：688188 公司简称：柏楚电子 上海柏楚电子科技股份有限公司 上海柏楚电子科技股份有限公司2025 年半年度报告摘要 第一节 重要提示 规划，投资者应当到 http://www.sse.com.cn/网站仔细阅读半年度报告全文。 详情请参阅本报告第三节"管理层讨论与分析"之"四、风险因素"。 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司拟向全体股东每 10 股派发现金红利 6.66 元（含税）。本次派发现金红利总额将以实施 权益分派股权登记日实际有权参与股数为准计算。若以截至 2025 年 6 月 30 日公司总股本 年度合并报表归属于母公司股东净利润的 30.01%。 如在本报告披露之日起至实施权益分派股权登记日期间，公司总股本因股权激励归属等发生 变动的，公司拟维持每股分配比例不变，相应调整分配总额，并将另行公告具体调整情况。本次 □适用 √不适用 第二节 公司基本情况 公司股票简况 公司股票简况 股票种类 股票上市交易所 股票简称 股票代码 变更前股票简称 上海证券交易所科 A ...

证券代码：688188 证券简称：柏楚电子 公告编号：2025-029 上海柏楚电子科技股份有限公司 关于 2025 年半年度利润分配方案的公告 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： ? 分配及转增比例：每 10 股派发现金红利 6.66 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为基数，具体日 期将在权益分派实施公告中明确。 ? 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分 配比例不变，相应调整分配总额，并将另行公告具体调整情况。 一、利润分配方案内容 上海柏楚电子科技股份有限公司（以下简称"公司"）2025 年半年度实现归 属于上市公司股东的净利润为 640,116,587.06 元。截至 2025 年 6 月 30 日，母公 司累计未分配利润为 1,821,546,931.68 元。经董事会决议，公司 2025 年半年度拟 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。本次利润分配方案如 下： 公司拟向全体股东 ...

1、2019 年首次公开发行股票募集资金 证券代码：688188 证券简称：柏楚电子 公告编号：2025-030 上海柏楚电子科技股份有限公司 2025 年上半年募集资金存放与使用情况专项报告 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。 一、 募集资金基本情况 （一） 募集资金金额及资金到位时间 截至报告期末，募集资金的使用和结余情况具体如下： 经中国证券监督管理委员会于 2019 年 7 月 16 日出具《关于同意上海柏楚电 子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[2019]1293 号） 同意注册，上海柏楚电子科技股份有限公司（以下简称"公司"或"柏楚电子"） 首次向社会公开发行人民币普通股（A 股）2,500.00 万股，每股面值 1.00 元，每 股发行价格 68.58 元，募集资金总额 1,714,500,000.00 元，扣除发行费用 102,812,924.52 元（不含增值税）后，募集资金净额为 1,611,687,075.48 元。上述 募集资金于 2019 年 8 月 2 日全部到 ...

上海柏楚电子科技股份有限公司 关于 2025 年度"提质增效重回报"行动方案的半年度评估报 为积极响应上海证券交易所《关于开展沪市公司"提质增效重回报"专项行 动的倡议》，践行"以投资者为本"的理念，维护公司全体股东利益，促进公司 持续、健康发展，上海柏楚电子科技股份有限公司（以下简称"公司"或"柏楚 电子"）于 2025 年 4 月 3 日发布《上海柏楚电子科技股份有限公司关于 2025 年 度"提质增效重回报"行动方案》（以下简称"《行动方案》"），努力提高公 司经营质量，增强投资者回报，提升投资者的价值获得感，维护公司在资本市场 形象，共同促进资本市场平稳健康发展。 为进一步落实有关工作安排，切实维护全体股东利益，公司对《行动方案》 在报告期内的执行情况进行全面评估并编制本报告，具体内容如下： 一、技术迭代与场景拓展，驱动经营质量的提升 公司长期致力于从事工业自动化系统研发、生产和销售。2025 年上半年，公 司继续深耕金属切割成型领域、智能化焊接领域和精密微加工领域，在产品类型、 产品解决方案覆盖环节、市场营销力度及综合服务质量等方面不断丰富和提升。 1、金属切割成型领域 推出全新 FSCUT9200 ...

证券代码：688188 证券简称：柏楚电子 公告编号：2025-031 上海柏楚电子科技股份有限公司 第三届监事会第十四次会议决议公告 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 四次会议于 2025 年 8 月 21 日在公司会议室以现场方式召开，会议通知已于 2025 年 8 月 11 日以专人送出和邮件形式发出。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 本次会议审议通过了如下议案： （一）审议通过《关于<2025 年半年度报告>及其摘要的议案》 公司监事会认为：经审议，监事会认为，公司 2025 年半年度报告的编制 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；公司 2025 年半年 ...

证券代码：688188 证券简称：柏楚电子 公告编号：2025-029 上海柏楚电子科技股份有限公司 关于 2025 年半年度利润分配方案的公告 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： 分配及转增比例：每 10 股派发现金红利 6.66 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为基数，具体日 期将在权益分派实施公告中明确。 如在本公告披露之日起至实施权益分派股权登记日期间，公司总股本因股权 激励归属等发生变动的，公司拟维持每股分配比例不变，相应调整分配总额，并 将另行公告具体调整情况。 本次利润分配方案尚需提交公司股东大会审议。 二、公司履行的决策程序 （一）董事会会议的召开、审议和表决情况 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分 配比例不变，相应调整分配总额，并将另行公告具体调整情况。 一、利润分配方案内容 上海柏楚电子科技股份有限公司（以下简称"公司"）2025 年半年度实现归 属于上市公司股东的净利润为 640,1 ...

Dividend Distribution - The company plans to distribute a cash dividend of RMB 6.66 per 10 shares, totaling approximately RMB 192.07 million, which accounts for 30.01% of the net profit attributable to shareholders for the first half of 2025[4] - The total share capital as of June 30, 2025, is 288,391,239 shares, which will be used to calculate the dividend distribution[4] - The half-year report for 2025 has not been audited, and the profit distribution plan requires approval from the shareholders' meeting[4] - There are no plans for stock bonuses or capital reserve transfers in the current profit distribution proposal[86] - The profit distribution plan has been approved by the board and is pending approval from the shareholders' meeting[86] - The company is committed to maintaining shareholder interests and enhancing returns through its profit distribution strategy[86] - The company will strictly implement its dividend policy to safeguard shareholder returns[95] Financial Performance - The company achieved operating revenue of ¥1,103,477,754.17, representing a year-on-year increase of 24.89%[19] - Total profit increased by 24.18% to ¥734,874,949.70, while net profit attributable to shareholders rose by 30.32% to ¥640,116,587.06[19] - The net cash flow from operating activities reached ¥556,092,922.22, marking a significant increase of 37.81% compared to the previous year[19] - Basic earnings per share increased by 29.82% to ¥2.22, and diluted earnings per share rose by 30.00% to ¥2.21[20] - The company's net assets attributable to shareholders grew by 4.50% to ¥5,713,688,132.38, while total assets increased by 3.67% to ¥6,093,607,708.57[19] - The company reported a net profit of ¥680,092,699.40 after excluding the impact of share-based payment, reflecting a 20.46% increase year-on-year[26] - The company achieved operating revenue of 1,103.48 million yuan, an increase of 219.89 million yuan, representing a year-on-year growth of 24.89%[43] - The net profit attributable to shareholders was 640.12 million yuan, an increase of 148.94 million yuan, with a year-on-year growth of 30.32%[43] Research and Development - Research and development expenses accounted for 10.73% of operating revenue, a decrease of 1.10 percentage points from the previous year[21] - The company continues to optimize its R&D platform capabilities, focusing on core technology development and ensuring the long-term stability and efficiency of its R&D system[43] - The company has established a stable and professional R&D team, with 462 R&D personnel accounting for 40.67% of the total workforce, and 206 of them holding master's degrees or higher[47] - The company holds 185 patents and has developed a comprehensive technology chain covering the entire laser cutting process, recognized for its global leading technology system[47] - The company is focusing on embedded development technology to enhance system efficiency and stability through advanced motion control algorithms[52] - The company has made significant advancements in hardware reliability design, achieving high-level PCB design capabilities[52] - The company is actively pursuing market expansion and technological innovation in high-precision motion control and automation solutions[61] Corporate Governance and Compliance - The report indicates that the board of directors and management guarantee the authenticity and completeness of the financial report[3] - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[6] - The company has not violated any decision-making procedures regarding external guarantees[6] - There are no special arrangements for corporate governance that apply to the company[5] - The company has not disclosed any changes in the non-standard audit opinions from the previous annual report[102] - The company has committed to fulfilling all public commitments made during the IPO process and will actively accept social supervision[97] Investment and Capital Management - The total amount of funds raised by the company is approximately ¥2.69 billion, with a net amount of ¥2.57 billion after deductions[106] - As of the reporting period, the cumulative investment of raised funds reached ¥1.54 billion, representing 57.3% of the total funds raised[106] - The company has invested ¥197.9 million in the current year, accounting for 12.28% of the total funds raised[106] - The company approved the use of up to RMB 1.33 billion of idle raised funds for cash management, with a maximum balance of RMB 890 million as of the end of the reporting period[111] - The cash management decision is valid for 12 months from the board approval date, ensuring that it does not affect the normal operation of investment projects[111] Market Position and Strategy - The company maintains a leading position in the domestic low and medium power laser cutting control system market, with a projected market share to remain strong by 2025[40] - The company is advancing towards intelligent upgrades in laser cutting systems and exploring ultra-high precision control technologies to meet industry trends[41] - The company emphasizes the integration of software and hardware for intelligent control in laser cutting applications[41] - The company is actively developing solutions for intelligent welding to address automation challenges in flexible processing scenarios[41] - The company is focusing on core technology R&D and strategic resource allocation to enhance innovation and long-term growth potential[31] Financial Health and Assets - Total current assets as of June 30, 2025, amounted to ¥5,368,554,154.84, an increase from ¥5,174,476,675.66 on December 31, 2024, representing a growth of approximately 3.8%[134] - Cash and cash equivalents increased to ¥2,487,656,641.57 from ¥2,225,821,338.02, reflecting a growth of about 11.8%[134] - Total liabilities decreased to ¥311,522,518.21 from ¥353,797,230.52, a reduction of approximately 12%[136] - Total equity attributable to shareholders increased to ¥5,713,688,132.38 from ¥5,467,518,127.30, reflecting a growth of about 4.5%[136] - The company reported a short-term loan of ¥37,275,068.88, a significant increase from ¥2,826,542.86, indicating a rise of approximately 1,200%[135] Shareholder Information - The company has a total of 17 projects under its private equity fund, focusing on technology transformation and cutting-edge technology[80] - The company has 7,925 ordinary shareholders as of the end of the reporting period[121] - The top ten shareholders hold a total of 18.50% of shares, with Tang Ye holding 53,339,003 shares, representing 18.50%[122] - Dai Tiantian and Lu Lin hold 41,718,851 shares (14.47%) and 36,194,281 shares (12.55%) respectively[122] Legal and Regulatory Matters - The company has no significant litigation or arbitration matters during the reporting period[102] - There are no major related party transactions reported during the period[103] - The company is liable for compensating investors for losses incurred due to false statements in the prospectus[93] - The company will ensure compliance with all relevant laws and regulations regarding the execution of commitments and obligations[96]