首次授予激励对象名单的审核意见及公示情况的说明 证券代码：688188 证券简称：柏楚电子 公告编号：2024-050 上海柏楚电子科技股份有限公司 监事会关于公司 2024 年限制性股票激励计划 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。 2024 年 8 月 14 日，上海柏楚电子科技股份有限公司（以下简称"公司"） 第三届董事会第三次会议及第三届监事会第三次会议审议通过了《关于<上海柏 楚电子科技股份有限公司 2024 年限制性股票激励计划（草案）>及其摘要的议案》 等相关议案。根据《上市公司股权激励管理办法》（以下简称"《股权激励管理办 法》"）的有关规定，公司对 2024 年限制性股票激励计划（以下简称"本次激励 计划"）激励对象名单进行了内部公示，公司监事会结合公示情况对激励对象进 行了核查，相关公示情况及核查情况如下： 一、公示情况及核查方式 1. 公司对激励对象的公示情况 公司于 2024 年 8 月 15 日在上海证券交易所网站（www.sse.com.cn）上披露 了《上海柏楚电子科技股份有限公司 ...

公司点评报告 · 计算机行业 内市场优势扩大，海外市场取得突破 2024 年中报业绩点评 核心观点 ● ● 事件:公司发布 2024年半年度报告,2024年上半年实现营业收入8.84亿元 (+33.65%),归母净利润 4.91 亿元(+35.67%),扣非归母净利润 4.71 亿 元(+38.13%),经营性现金流净额 4.04亿元(+2.02%)。2024Q2 实现营 业收入 5.03亿元(+29.01%),归母净利润 2.98亿元(+29.42%),扣非归 母净利润 2.88亿元(+31.30%),经营性现金流净额 2.58亿元(-1.16%)。 国内市场优势扩大,海外市场取得突破:分业务来看,2024 上半年板卡系 统营收 2.65 亿元(+58.26%);切割头业务营收 2.52 亿元(+64.44%);总 线系统营收 2.12亿元(+44.43%);随动系统营收 0.34亿元(-66.45%); 其他业务收入 1.21 亿元(+30.52%)。国内市场方面,公司中低功率系统国 内市场占有率仍稳居第一,高功率系统+智能切割头的组合策略的产品优势持 续扩大。公司在不断夯实五大基础能力建设的同时,还通过 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5][12]. Core Views - The company achieved a revenue growth of 33.65% year-on-year in the first half of 2024, with total revenue reaching 884 million yuan and net profit attributable to shareholders increasing by 35.67% to 491 million yuan [1][2]. - The growth was driven by sustained demand for high-power thick plate cutting and the rapid expansion of the intelligent cutting head business [1]. - The company maintains a leading market share in the domestic low-power system market and continues to enhance its product advantages through a combination strategy of high-power systems and intelligent cutting heads [1][2]. Financial Performance Summary - In the first half of 2024, the company's revenue was 884 million yuan, with a year-on-year increase of 33.65%, and net profit was 491 million yuan, up 35.67% [1]. - The gross margin and net margin for the first half of 2024 were 81.28% and 59.82%, respectively, showing an increase of 0.92 and 1.72 percentage points year-on-year [1]. - Revenue from the company's product segments, including board card systems, cutting heads, and bus systems, was 265 million, 252 million, and 212 million yuan, respectively, with year-on-year growth rates of 58.26%, 64.44%, and 44.43% [1]. Future Outlook - The company has launched a new stock incentive plan, aiming to enhance long-term incentive mechanisms, with targets set for revenue and net profit growth over the next three years [2]. - The forecast for net profit attributable to shareholders for 2024-2026 is 989 million, 1.302 billion, and 1.654 billion yuan, respectively, with corresponding PE ratios of 32, 25, and 19 times [2][3].

Group 1: Financial Performance - The company's revenue for the first half of 2024 was approximately 884 million, representing a year-on-year growth of 33.65% [2] - The net profit for the same period was about 491 million, with a year-on-year increase of 35.67% [2] - The net profit attributable to shareholders of the listed company grew by 35.67%, while the net profit after deducting non-recurring gains and losses increased by 38.13% [2] Group 2: Business Development - The growth in revenue and profit is attributed to increased investment in technology research and market expansion, as well as continuous optimization of product structure [2] - The order volume for laser processing control systems and intelligent cutting heads has seen significant growth [2] Group 3: Market Insights and Strategies - The company noted that the second quarter's growth rate was lower than the first quarter due to a high revenue base in the second quarter of 2023 [3] - The third quarter is typically a slow season for the industry, and performance will need further observation [3] - The company is focusing on product technology and performance improvements rather than short-term price adjustments to stimulate sales [3] Group 4: Product Development - The intelligent welding robot control system is gradually being promoted, with positive feedback from first and second-tier manufacturers and integrators [3] - The company is currently focusing on building steel structures and plans to expand into areas such as towers and bridges [3]

证券代码：688188 证券简称：柏楚电子 二、本次大会设秘书处负责会务事宜，请有权出席股东大会的股东及股东代 理人提前 20 分钟到场，在会场秘书处签到。股东签到时应出示股票账户卡、身 份证或其他能够表明身份的有效证件及复印件，代理人还应出示授权委托书和代 理人有效身份证件及复印件，经验证后方可出席会议。 | 2024 年第二次临时股东大会会议须知 | 2 | | --- | --- | | 2024 年第二次临时股东大会会议议程 | 4 | | 议案一： | 6 | | 关于《上海柏楚电子科技股份有限公司 年限制性股票激励计划（草案）》及其摘 2024 | | | 要的议案 | 6 | | 议案二： | 7 | | 关于《上海柏楚电子科技股份有限公司 2024 年限制性股票激励计划实施考核管理办法》 | | | 的议案 7 | | | 议案三： | 8 | | 关于提请股东大会授权董事会办理公司 2024 年限制性股票激励计划相关事宜的议案 | . 8 | 上海柏楚电子科技股份有限公司 2024 年第二次临时股东大会会议资料 三、股东出席股东大会，依法享有知情权、发言权、质询权、表决权等各项 股东权利。股 ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 188.40 CNY over the next six months [5][11]. Core Views - The company has demonstrated strong revenue growth driven by high demand in export markets and the continuous expansion of high-power products. In H1 2024, the company achieved a revenue of 884 million CNY, a year-on-year increase of 33.65%, and a net profit of 491 million CNY, up 35.67% year-on-year [3][4]. - The company is expected to benefit from the growth in its welding business, which is anticipated to open new growth avenues [4][9]. Revenue Breakdown - The revenue from the "Follow-up + Board Card" segment was 299 million CNY in H1 2024, accounting for 34% of total revenue, with a year-on-year growth of 11.32% [4]. - The "Bus" segment, primarily high-power products, generated 212 million CNY, representing 24% of total revenue, with a significant year-on-year increase of 44.43% [4]. - The "Cutting Head" segment, compatible with both high-power and mid-low power systems, achieved 252 million CNY in revenue, accounting for 29% of total revenue, and a remarkable year-on-year growth of 64.44% [4]. - Other businesses, mainly welding, precision, and MES, contributed 121 million CNY, making up 14% of total revenue, with a year-on-year increase of 30.52% [4]. Profitability and Financial Metrics - The company's gross margin improved to 81.28% in H1 2024, up 0.92 percentage points year-on-year, while the net margin reached 59.82%, an increase of 1.72 percentage points [8]. - The gross margin for the "Follow-up + Board Card" segment was 86.19%, while the "Bus" segment achieved a gross margin of 90.66% [8]. - The company plans to distribute a cash dividend of 7.18 CNY per 10 shares, totaling 148 million CNY, which represents 30.03% of the net profit for H1 2024 [9]. Future Projections - Revenue projections for 2024 to 2026 are 1.89 billion CNY, 2.48 billion CNY, and 3.31 billion CNY, with growth rates of 34.34%, 31.00%, and 31.81% respectively [11]. - Net profit forecasts for the same period are 967 million CNY, 1.27 billion CNY, and 1.72 billion CNY, with growth rates of 32.67%, 31.73%, and 35.06% respectively [11].

证券研究报告·公司点评报告·计算机设备 柏楚电子（688188） 2024年中报点评：Q2归母净利润同比+29%， 好于市场预期 2024 年 08 月 20 日 买入（维持） | --- | --- | --- | --- | --- | --- | |----------------------------|---------|----------|----------|----------|----------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 898.49 | 1,407.11 | 1,857.35 | 2,534.09 | 3,346.06 | | 同比（%） | (1.64) | 56.61 | 32.00 | 36.44 | 32.04 | | 归母净利润（百万元） | 479.52 | 728.91 | 975.80 | 1,307.48 | 1,673.78 | | 同比（%） | (12.85) | 52.01 | 33.87 | 33.99 | 28.02 | | ...

计算机 2024 年 08 月 19 日 柏楚电子（688188) -24H1 扣非归母净利润 yoy38%，切割基本盘扎实， 期待焊接第二成长曲线放量 事件：公司发布 2024 年半年报，24H1 实现营收 8.84 亿元，yoy33.65%；归母净利润 4.91 亿元，同比 35.67%，扣非净利润 4.71 亿元，yoy38.13%； 24H1 毛利率 81.28%、净利率 59.82%，单季度来看， Q2 实现营收 5.03 亿元, yoy29.01%; 归母净利润 2.98 亿元, yoy29.42%; 扣非净利润 2.88 亿元, yoy31.30%; Q2 毛利率 82.77%、净利率 64.43%，公司收入及利润表现略超市场预期。 【收入端】受益于高功率及切割头产品高增长，24H1 公司营收 yoy33.65%。上半年营收分业务板 块来看：1) 随动+板卡：营收 2.99 亿元，yoy11.32%； 2) 总线：营收 2.12 亿元，yoy44.43%； 3) 切割头：营收 2.52 亿元，yoy64.44%；4）其他：营收 1.21 亿元，yoy30.52%，虽下游行业受到宏 观影响，但是受 ...

证券代码：688188 证券简称：柏楚电子 公告编号：2024-048 上海柏楚电子科技股份有限公司 2024 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 1、2019 年首次公开发行股票募集资金 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 日全部到位，立信会计师事务所（特殊普通合伙）对 上述募集资 ...

Dividend Distribution - The company plans to distribute a cash dividend of RMB 7.18 per 10 shares, totaling approximately RMB 147.52 million, which accounts for 30.03% of the net profit attributable to shareholders for the first half of 2024[8]. - The total share capital as of June 30, 2024, is 205,452,708 shares, which will be used to calculate the dividend distribution[8]. - The board of directors has approved the interim dividend distribution plan without needing further shareholder approval[8]. - The cash dividend distribution plan was approved by the board of directors and does not require further approval from the shareholders' meeting[157]. - The company does not plan to issue bonus shares or increase capital reserves through stock conversion in the current profit distribution plan[157]. Financial Performance - The company achieved operating revenue of ¥883.59 million in the first half of 2024, representing a year-on-year increase of 33.65% compared to ¥661.10 million in the same period last year[35]. - Net profit attributable to shareholders reached ¥491.18 million, up 35.67% from ¥362.03 million in the previous year[35]. - The net profit after deducting non-recurring gains and losses was ¥471.26 million, reflecting a growth of 38.13% compared to ¥341.17 million in the same period last year[35]. - Basic earnings per share increased by 35.03% to ¥2.39, while diluted earnings per share rose by 34.46% to ¥2.38[36]. - The company reported a net cash flow from operating activities of ¥403.52 million, a slight increase of 2.02% from ¥395.54 million in the previous year[35]. - The total assets at the end of the reporting period were ¥5.45 billion, showing a 2.07% increase from ¥5.33 billion at the end of the previous year[35]. - The company’s net assets attributable to shareholders increased by 3.84% to ¥5.16 billion from ¥4.97 billion at the end of the previous year[35]. Research and Development - The company achieved a total R&D expenditure of ¥104,537,376.28, representing a 25.12% increase compared to ¥83,546,520.46 in the same period last year[81]. - R&D expenditure accounted for 11.83% of total revenue, a decrease of 0.81 percentage points from 12.64% in the previous year[82]. - The company obtained 11 invention patents, 2 utility model patents, 2 design patents, and 5 software copyrights in the first half of 2024[69]. - The total number of invention patents held by the company reached 230, with 97 patents granted[77]. - The company’s R&D team has increased, leading to a rapid growth in labor costs due to the dual drive of customer demand and technological innovation[83]. - The number of R&D personnel increased to 404, accounting for 43.30% of the total workforce, up from 41.20% in the previous year[93]. - Total R&D personnel compensation amounted to 65.5755 million RMB, compared to 47.2321 million RMB in the previous year[93]. Technology and Innovation - The company continues to invest in technology research and market expansion, leading to a significant increase in orders for laser processing control systems and intelligent cutting heads[39]. - The company has developed a comprehensive technology chain covering laser cutting, intelligent welding, and precision processing, with core technologies in CAD, CAM, NC, sensor, and hardware technology[62]. - The CypNest software product utilizes automatic nesting algorithms, achieving material utilization rates that exceed competitors in single-part and automatic combination nesting[62]. - The company is focusing on the development of intelligent laser cutting systems, with ongoing investments in projects aimed at upgrading bus laser cutting systems and smart cutting heads, aligning with industry trends towards higher power, faster speeds, and greater precision[61]. - The company has developed advanced technologies such as closed-loop control for laser cutting machines, enhancing system stability and reducing human error[66]. - The company has implemented a digital capacitive sensor control technology to improve cutting precision and automation[66]. - The company has introduced the ASBO speed planning algorithm, ensuring high-speed and high-precision CNC requirements[66]. Market Position and Strategy - The company maintains a leading market share in the domestic low and medium power laser cutting control system sector, achieving a significant breakthrough in product sales and technology indicators in the high power laser cutting control system market[58]. - The domestic market share for mid-low power systems remains the highest, while the combination strategy of high-power systems and intelligent cutting heads continues to expand product advantages[102]. - The company is focused on enhancing cross-domain R&D capabilities and optimizing resource allocation for technology pre-research[103]. - The company has established a strong customer base with over 600 domestic laser equipment manufacturers, enhancing its market presence[98]. - The company aims to leverage its technological advancements to penetrate overseas markets, aligning with domestic equipment manufacturers' collective expansion plans[102]. Corporate Governance and Compliance - The company emphasizes the importance of the accuracy and completeness of the financial report, with key personnel affirming its integrity[9]. - The report is unaudited, indicating that the financial figures are preliminary and subject to change[9]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[12]. - The company has not disclosed any special arrangements for corporate governance or significant matters[12]. - The company commits to strict compliance with laws and regulations regarding the obligations of controlling shareholders and actual controllers[183]. - The company will not provide benefits to other entities or individuals under unfair conditions, ensuring the protection of company interests[184]. Environmental Responsibility - The company invested 50,000 yuan in environmental protection measures during the reporting period[166]. - The company has implemented measures to reduce carbon emissions, promoting efficient processing methods and advocating for resource conservation among employees[169]. Shareholder Relations - The company emphasizes its commitment to enhancing shareholder returns and maintaining investor interests[160]. - The company will publicly disclose reasons for any failure to fulfill commitments and apologize to shareholders[177]. - The company will link the execution of compensation measures to the remuneration system established by the board of directors and the compensation and assessment committee[184]. - The company will accept social supervision regarding the fulfillment of public commitments[198].