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]

（文章来源：每日经济新闻） 每经AI快讯，9月19日，人形机器人概念股午后再度跳水，卧龙电驱、金发科技、五洲新春、万向钱潮 跌停，三花智控、博杰股份接近跌停，均普智能、汉威科技跌幅居前。 ...