Core Insights - On October 24, 2023, Boshen Co., Ltd. executed a block trade of 2.47 million shares, amounting to a transaction value of 17.0034 million yuan, which accounted for 25.57% of the total trading volume for the day [1] Trading Details - The average transaction price was 6.88 yuan, representing a discount of 7.22% compared to the market closing price of 7.42 yuan [1] - The highest transaction price recorded was 8.22 yuan, while the lowest was 6.72 yuan [1]

Group 1 - The company, 博深股份 (002282.SZ), stated on an interactive platform that it does not engage in deep earth economy business [1]

Core Viewpoint - The company has established significant overseas operations in Thailand and the United States, focusing on the production and sales of diamond tools, which are influenced by trade policies between the U.S. and Thailand [1] Group 1 - The company operates a key overseas diamond tool production base in Thailand through 博深工具（泰国）有限责任公司 [1] - In the United States, the company has established 先锋工具有限公司, which is responsible for the sales of diamond tool products in the U.S. market [1] - The diamond tool products sold in the U.S. primarily originate from Thailand, aligning with the tariff policies between the U.S. and Thailand [1]

Core Viewpoint - The company has established significant overseas operations in Thailand and the United States, focusing on the production and sales of diamond tools, which are crucial for its market strategy [1] Group 1: Overseas Operations - The company operates a subsidiary, 博深工具(泰国)有限责任公司, in Rayong, Thailand, which serves as an important production base for diamond tools [1] - In the United States, the company has established 先锋工具有限公司, responsible for the sales of its diamond tool products in the U.S. market [1] Group 2: Market Strategy - The diamond tool products sold in the U.S. market primarily originate from Thailand, indicating a strategic alignment with U.S.-Thailand tariff policies [1]

Core Viewpoint - The company has established a significant presence in the diamond tool market, with operations in both Thailand and the United States, allowing it to navigate tariff implications effectively [1]. Group 1: Company Operations - The company has a subsidiary, 博深工具（泰国）有限责任公司, located in Rayong, Thailand, which serves as an important overseas production base for diamond tools [1]. - In the United States, the company operates through 先锋工具有限公司, which is primarily responsible for the sales of diamond tool products in the U.S. market [1]. Group 2: Tariff Implications - The diamond tool products sold in the U.S. market mainly originate from Thailand, and the company adheres to the tariff policies between the U.S. and Thailand [1].

Core Insights - The company, Boshen Co., Ltd., engaged in a specific investor survey with Dacheng Fund, discussing future development strategies, asset injection plans from the controlling shareholder, and reasons for high gross margins in diamond products [1][2]. Group 1: Future Development Strategy - Boshen Co., Ltd. adheres to a "technology innovation + mergers and acquisitions" strategy, focusing on optimizing production processes and accelerating product iterations through existing R&D resources [1]. - The company plans to establish a three-tier R&D system ("Group - Boshen - Business Segment") to foster new growth engines [1]. - In terms of mergers and acquisitions, the company aims to seek breakthroughs in emerging industries to upgrade its business [1][2]. Group 2: Controlling Shareholder and Asset Injection - Shandong Iron Investment Group, as the controlling shareholder, is positioned to support comprehensive transportation construction and industrial integration in Shandong Province, focusing on developing new energy, new materials, and new equipment [2]. - Boshen Co., Ltd. will combine internal growth with external mergers and acquisitions, leveraging group and market resources to accelerate development [2]. Group 3: High Gross Margin in Diamond Products - Over 75% of revenue from the diamond tool business comes from overseas markets, primarily the United States, where higher value-added products such as laser slices and large diameter saw blades are sold [2]. - The company's U.S. subsidiary's profit from sales distribution is consolidated, contributing to the high gross margin of this business segment [2].

Group 1 - The core point of the article is that 博深股份 (BoShen Co., Ltd.) will hold a research meeting with 大成基金 (Da Cheng Fund) on October 14, 2025, where the company's board secretary will participate and address investor questions [1] - For the first half of 2025, the revenue composition of 博深股份 is as follows: the coated abrasive industry accounts for 52.32%, the hardware tools industry accounts for 24.48%, the rail transit equipment components industry accounts for 21.17%, and the leasing industry accounts for 2.03% [1] - As of the time of reporting, 博深股份 has a market capitalization of 3.8 billion yuan [2]

Core Insights - The company, Boshen Co., stated that over 75% of its revenue from diamond tool business comes from overseas markets, primarily covering the United States, Europe, and Southeast Asia [1] - The high-margin products in the US and European markets include laser slices and large diameter saw blades, contributing to the overall profitability of the business segment [1] - The profits from the sales distribution channel of the company's US subsidiary are included in the financial statements, which further enhances the gross margin of this business segment [1]

Group 1: Company Development Strategy - The company adheres to a "technology innovation + mergers and acquisitions" strategy to enhance technological innovation and accelerate acquisition development [1] - The company plans to establish a three-tier R&D system to foster new growth engines and create a second growth curve [1] - The focus on mergers and acquisitions includes seeking targets that align with the existing industry chain and exploring breakthroughs in emerging industries [2] Group 2: Shareholder and Asset Injection Plans - Shandong Iron Investment Group aims to position the company as a key platform for new equipment industries, focusing on new energy, new materials, and new equipment [2] - The company will leverage internal and market resources to accelerate development and promote high-quality growth [2] Group 3: Profitability of Diamond Products - Over 75% of revenue from diamond tools comes from overseas markets, with the U.S. being the primary market [2] - The higher profit margin in diamond tools is attributed to the higher value-added products in the U.S. and Europe, such as laser slices and large diameter saw blades [2]

Group 1: Revenue Growth Factors - The revenue growth in the rail transit equipment parts sector is primarily driven by increased demand for new railway equipment and maintenance updates, particularly in the context of economic downturns [1] - The high-speed brake disc products from the subsidiary Hawei maintained growth in both revenue and profit during the reporting period, contributing significantly to the overall revenue and profit of the rail transit equipment business [1] Group 2: Future Development Strategy - The company plans to adhere to a "technology innovation + mergers and acquisitions" strategy, enhancing technological innovation and accelerating the pace of acquisitions [1] - In terms of technological innovation, the company aims to optimize production processes and accelerate product iterations, with a focus on increasing the market share of ceramic abrasive products and improving competitiveness in the coated abrasive industry [2] - The company is also developing a three-tier R&D system in collaboration with group resources to foster new growth engines and create a second growth curve [2] Group 3: Mergers and Acquisitions Focus - The company seeks acquisition targets that are highly synergistic with its existing main business, focusing on the industrial chain, product chain, and ecological chain [2] - Additionally, the company aims to explore breakthroughs in emerging industries in line with national industrial planning to gradually upgrade its business operations [2] Group 4: Disclosure Information - This investor relations activity did not involve any undisclosed significant information [2]