Group 1 - The core point of the news is that Bojie Co., Ltd. experienced a 5.1% drop in stock price, closing at 60.64 CNY per share, with a trading volume of 408 million CNY and a turnover rate of 6.13%, resulting in a total market capitalization of 9.721 billion CNY [1] - Bojie Co., Ltd. is located in Zhuhai, Guangdong Province, and was established on May 30, 2005, with its listing date on February 5, 2020. The company's main business involves the research, development, production, sales, and related technical services of industrial automation equipment and accessories [1] - The revenue composition of Bojie Co., Ltd. is as follows: 83.72% from industrial automation equipment, 8.27% from equipment accessories, and 8.00% from technical services [1] Group 2 - Among the top ten circulating shareholders of Bojie Co., Ltd., one fund under Huaxia Fund, the Huaxia CSI Robotics ETF (562500), entered the top ten in the second quarter, holding 2.1323 million shares, which accounts for 2.01% of the circulating shares. The estimated floating loss today is approximately 6.9514 million CNY [2] - The Huaxia CSI Robotics ETF (562500) was established on December 17, 2021, with a latest scale of 14.471 billion CNY. Year-to-date, it has achieved a return of 39.56%, ranking 1125 out of 4220 in its category; over the past year, it has returned 94.18%, ranking 680 out of 3814; and since inception, it has returned 8.43% [2] Group 3 - The fund manager of the Huaxia CSI Robotics ETF (562500) is Hualong. As of the report, Hualong has a cumulative tenure of 3 years and 34 days, with the current total asset scale of 42.926 billion CNY. The best fund return during the tenure is 96.93%, while the worst return is -15.08% [3]

Group 1: Financial Performance and Goals - The company aims to achieve an annual profit target of 100 million yuan, despite a modest performance in the first half of the year [2][5] - Management expresses confidence in meeting performance assessment goals set by the employee stock ownership plan and equity incentives [2][5] Group 2: Product Development and Partnerships - The company has developed self-researched liquid cooling solutions, including micro-channel layered water cooling heads, to meet high-power heat dissipation needs [4][7] - Collaboration with North American cloud service providers is ongoing, with G customer orders experiencing a year-on-year doubling and N customer orders expected to grow rapidly throughout the year [3][7] Group 3: Market Position and Strategy - The company is transitioning from being an equipment supplier to a product supplier, aiming to better serve customer needs [3][4] - The subsidiary Bojie Chip has developed various cutting machines, achieving market breakthrough with competitive pricing at approximately 50-67% of foreign counterparts [5][6] Group 4: Future Outlook and Investor Relations - The company is committed to enhancing information disclosure and value communication to better present its value to investors [5][7] - The company is currently not involved in solid-state battery production but is monitoring industry trends [5][6]

Group 1 - The core point of the announcement is that the controlling shareholder, Wang Zhaochun, has partially lifted the pledge on his shares in Zhuhai Bojie Electronics Co., Ltd. [1] - As of the announcement date, there are no shares held by the controlling shareholder or their concerted parties that are subject to pledge, freeze, or auction [2] - The lifting of the pledge will not lead to any change in the actual control of the company and will not have a significant impact on the company's operations or governance [2] Group 2 - The total share capital of the company as of September 10, 2025, is 160,302,593 shares [5]

Core Points - The company Bojie Co., Ltd. announced that its controlling shareholder and actual controller, Mr. Wang Zhaochun, has completed a stock pledge release transaction at GF Securities Co., Ltd. [2] - The number of shares released from pledge is 2,920,000 shares, which accounts for 11.47% of Mr. Wang's total shareholding and 1.82% of the company's total share capital [2]

Investment Rating - The report rates the liquid cooling industry as "Overweight," indicating that it is expected to outperform the overall market [3]. Core Insights - The MLCP (Micro-Channel Liquid Cooling Plate) technology is highlighted as an innovative solution to address the cooling challenges posed by ultra-high power chips, with expected power consumption exceeding 2000W [3][5]. - The report emphasizes the importance of micro-channel design, forced convection, and optimized fluid dynamics in achieving high heat exchange efficiency [5]. - Key companies in the industry are recommended for attention, including Jiangshun Technology, Yingweike, and Kangsheng Co., among others, due to their advancements in liquid cooling technology [5]. Summary by Sections Industry Overview - The MLCP technology utilizes micro-scale fluid channels to achieve efficient heat exchange, capable of handling extreme thermal loads [5]. - The manufacturing processes for micro-channels include etching, 3D printing, and stamping, each with its advantages and limitations [5]. Key Companies and Valuations - Jiangshun Technology: Market cap of 48.74 billion, projected net profit of 1.55 billion in 2024 [6]. - Yingweike: Market cap of 756.61 billion, projected net profit of 4.53 billion in 2024 [6]. - Kangsheng Co.: Market cap of 54.89 billion, with a projected net profit of -0.98 billion in 2024 [6]. - Other notable companies include Nanfeng Co., Huazhu High-Tech, and Yinhong Co., with varying market caps and profit projections [6].

Core Viewpoint - Bojie Co., Ltd. experienced a significant drop in stock price, reaching the daily limit down, with a trading volume of 1.197 billion yuan and a turnover rate of 17.42% [2] Trading Activity - The stock's daily decline was attributed to a deviation of -9.70%, leading to its listing on the Shenzhen Stock Exchange's watch list [2] - Institutional investors net sold 39.53 million yuan, while the total net selling from brokerage seats amounted to 1.4584 million yuan [2] - The top five trading departments recorded a total transaction of 240 million yuan, with buying transactions at 99.42 million yuan and selling transactions at 140 million yuan, resulting in a net selling of 40.99 million yuan [2] Institutional Participation - Four institutional proprietary seats were involved in trading, with total buying amounting to 47.37 million yuan and selling amounting to 86.90 million yuan, leading to a net selling of 39.53 million yuan [2] - The main capital outflow for the stock was 79.62 million yuan, with a significant outflow of 91.05 million yuan from large orders, while smaller orders saw a net inflow of 11.42 million yuan [2] - Over the past five days, the main capital net inflow was 126 million yuan [2] Specific Trading Data - Detailed trading data for September 19 shows significant buying and selling activities from various brokerage firms, with notable transactions from institutional proprietary seats [2]

证券代码：002975 证券简称：博杰股份 公告编号：2025-108 一、股东股份解除质押基本情况 | 股东名称 | 是否为控股股 东或第一大股 | 本次解除质 | 占其所 | 占公司 | 质押起始 | 解除质押 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 东及其一致行 | 押数量 | 持股份 | 总股本 1 | 日 | 日 | | | | 动人 | （股） | 比例 | 比例 | | | | | 王兆春 | 是 | 810,000 | 3.18% | 0.51% | 2023/9/18 | | | | | | 290,000 | 1.14% | 0.18% | 2024/2/5 | 2025/9/18 | 广发证券股 | | | | 570,000 | 2.24% | 0.36% | 2024/2/5 | | 份有限公司 | | | | 1,250,000 | 4.91% | 0.78% | 2024/9/24 | | | | | 合计 | 2,920,000 | 11.47% | 1.82% | - | - | - | 2、 ...

Market Overview - The automation equipment sector experienced a decline of 1.61% on September 19, with Bojie Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Notable gainers in the automation equipment sector included: - Huagong Technology: Closed at 91.12, up 4.05% with a trading volume of 991,900 shares [1] - Inno Laser: Closed at 40.88, up 4.05% with a trading volume of 135,000 shares [1] - Anda Intelligent: Closed at 51.71, up 3.63% with a trading volume of 14,500 shares [1] - Significant decliners included: - Bojie Co., Ltd.: Closed at 62.80, down 10.00% with a trading volume of 184,400 shares and a transaction value of 1.197 billion [2] - Kaidi Co., Ltd.: Closed at 110.68, down 10.00% with a trading volume of 26,900 shares [2] - Junpu Intelligent: Closed at 13.52, down 9.57% with a trading volume of 784,400 shares [2] Capital Flow - The automation equipment sector saw a net outflow of 2.271 billion in main funds, while retail investors contributed a net inflow of 1.868 billion [2] - The capital flow for specific stocks showed: - Huagong Technology: Main funds net inflow of 31.2 million, retail net outflow of 22.8 million [3] - Yijiahe: Main funds net inflow of 65.8 million, retail net outflow of 51.9 million [3] - Ruike Laser: Main funds net inflow of 34.1 million, retail net outflow of 15.8 million [3]

Group 1 - Several companies, including Wolong Electric Drive, Jinfat Technology, Wuzhou New Spring, and Wanxiang Qianchao, experienced a limit down in their stock prices [1] - Sanhua Intelligent Control and Bojie Co. are close to limit down, indicating significant market pressure [1] - Companies such as Junwei Intelligent and Hanwei Technology also showed notable declines in their stock prices [1]

Group 1 - The humanoid robot concept continues to experience a pullback, with several companies, including Wolong Electric Drive, Jinfa Technology, Wuzhou New Spring, and Wanxiang Qianchao, hitting the daily limit down [1] - Other companies such as Sanhua Intelligent Control, Bojie Co., Junpu Intelligent, and Hanwei Technology also saw declines [1] Group 2 - Food and Beverage ETF (Product Code: 515170) has seen a decline of 3.91% over the past five days, with a price-to-earnings ratio of 20.72 times and a net outflow of 54.45 million yuan [3] - Gaming ETF (Product Code: 159869) increased by 6.33% in the last five days, with a price-to-earnings ratio of 47.57 times and a net outflow of 52.87 million yuan [3] - Semiconductor ETF (Product Code: 588170) rose by 9.10% over the past five days, with a net inflow of 25.54 million yuan [3] Group 3 - Cloud Computing 50 ETF (Product Code: 516630) experienced a slight decline of 0.81% in the last five days, with a high price-to-earnings ratio of 122.71 times and a net inflow of 0.421 million yuan [4]