海通证券股份有限公司关于博创科技股份有限公司 一、保荐机构及保荐代表人承诺 2021 年向特定对象发行股票 之保荐总结报告书 | 保荐机构名称： | 海通证券股份有限公司 | | --- | --- | | 保荐机构编号： | Z22531000 | 经中国证券监督管理委员会《关于同意博创科技股份有限公司向特定对象发行 股票注册的批复》（证监许可〔2020〕2083 号）批复，博创科技股份有限公司（以 下简称"上市公司"、"公司"或"发行人"）向特定对象发行股票 22,576,136 股，每股 面值人民币 1 元，每股发行价格人民币 27.71 元，募集资金总额为人民币 62,558.47 万元，扣除发行费用后，实际募集资金净额为人民币 61,677.58 万元。本次发行证券 已于 2021 年 4 月 6 日在深圳证券交易所创业板上市。公司聘请国泰君安证券股份有 限公司（以下简称"国泰君安证券"）担任公司 2021 年向特定对象发行股票的保荐机 构，履行该次向特定对象发行股票上市后的持续督导工作，持续督导期至 2023 年 12 月 31 日。 公司第五届董事会第二十次会议、2022 年第四次临时股东大会审 ...

Investment Rating - The investment rating for the company is to "continue to pay attention" to its performance and potential growth in silicon photonics and copper cable products [6]. Core Viewpoints - The company reported a slight decline in revenue and a significant drop in net profit for 2023, with total revenue at 1.675 billion yuan, down 0.57% year-on-year, and net profit at 81 million yuan, down 59.49% year-on-year [1]. - The company is experiencing structural adjustments in its revenue, with data communication business showing significant growth of 153.06% year-on-year, while telecom market revenue decreased by 24.45% [2]. - The silicon photonics market is expected to grow substantially, with the company's silicon photonics products, including the 400G-DR4 module, already in mass production and further developments underway [3]. - The company has completed the development of its 800G high-speed copper cable products, which have been sent to customers for sampling, with the market for high-speed cables projected to double in size over the next five years [4]. - The company is expanding into the consumer and industrial IoT markets through its stake in Changxin Sheng, enhancing its existing telecom and data communication business [5]. Financial Summary - The company forecasts revenue growth from 2.094 billion yuan in 2024 to 3.196 billion yuan in 2026, with year-on-year growth rates of 25.01%, 23.44%, and 23.62% respectively [6]. - Net profit is expected to rebound significantly from 163 million yuan in 2024 to 224 million yuan in 2026, with growth rates of 100.28%, 15.89%, and 18.20% respectively [6]. - Earnings per share (EPS) are projected to increase from 0.57 yuan in 2024 to 0.78 yuan in 2026, reflecting a compound annual growth rate (CAGR) of 39.99% over three years [6]. - The company's financial metrics indicate a challenging year in 2023, with a significant drop in EBITDA and net profit margins, but a positive outlook for recovery in the coming years [7].

Investment Rating - The report maintains a "Recommended" rating for the company [2][3]. Core Insights - The company reported a revenue of 1.675 billion yuan in 2023, a slight decrease of 0.57% year-on-year, and a net profit attributable to shareholders of 81 million yuan, down 59.49% year-on-year. The net profit after deducting non-recurring items was 11 million yuan, a decline of 92.41% year-on-year [1]. - The telecommunications sector faced short-term pressure due to inventory destocking and price reductions, with revenue from this market falling to 1.1 billion yuan, a decrease of 24.45% year-on-year, accounting for 65.63% of total revenue. In contrast, the data communication, consumer, and industrial interconnection markets saw revenue growth of 153.06%, reaching 572 million yuan, making up 34.14% of total revenue [1]. - The company is focusing on strengthening its active and silicon photonics layout, particularly in the data communication sector, with expectations of significant market growth in active optical cables (AOC), direct attach copper cables (DAC), and active electrical cables (AEC) from 2024 to 2028 [1][2]. Summary by Sections Financial Performance - In 2023, the company achieved a revenue of 1.675 billion yuan, with a net profit of 81 million yuan. The telecommunications market's revenue was 1.1 billion yuan, while the data communication and industrial interconnection markets generated 572 million yuan [1]. - The gross margin for the telecommunications market decreased from 18.71% to 15.03% in 2023 [1]. Market Outlook - The report anticipates that the impact of inventory destocking in the telecommunications market will gradually diminish, and the upgrade of the domestic backbone network to 400G may provide marginal demand growth [1]. - The company is enhancing its domestic and international production capacity, with new factories in operation and under construction to meet growing customer demand [1]. Investment Projections - The projected net profits for 2024, 2025, and 2026 are 144 million yuan, 200 million yuan, and 258 million yuan, respectively, with corresponding PE multiples of 66X, 48X, and 37X [2][11].

Financial Performance - The company's net profit for the year decreased compared to the same period last year, with specific reasons and measures for improving profitability detailed in the "Management Discussion and Analysis" section[3]. - The company's operating revenue for 2023 was ¥1,675,388,120, representing a decrease of 0.57% compared to ¥1,685,005,470 in 2022[23]. - Net profit attributable to shareholders for 2023 was ¥81,470,203.7, a significant decline of 59.49% from ¥201,098,478 in 2022[23]. - The net profit after deducting non-recurring gains and losses was ¥11,043,826.2, down 92.41% from ¥145,452,482 in 2022[23]. - Basic earnings per share for 2023 were ¥0.30, a decrease of 61.04% compared to ¥0.77 in 2022[23]. - Total assets at the end of 2023 were ¥3,216,214,957.89, a decrease of 3.16% from ¥3,321,128,999 at the end of 2022[23]. - The net assets attributable to shareholders decreased by 19.05% to ¥1,641,474,913.04 from ¥2,027,787,719.38 in 2022[23]. - The company reported a negative net profit for the third and fourth quarters of 2023, with figures of -¥14,732,102.83 and -¥59,336,716.24 respectively[26]. - The company achieved a total operating revenue of 1.675 billion CNY in 2023, with a net profit of 114 million CNY, reflecting a strong performance despite market challenges[49]. Dividend and Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 0.8 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[3]. - The cash dividend accounted for 100% of the total profit distribution amount, indicating a strong commitment to returning value to shareholders[170]. - The company distributed a cash dividend of 2.2 yuan per 10 shares, totaling 58,078,815.96 yuan for the 2022 fiscal year[169]. Market and Industry Outlook - The telecommunications market in China is projected to grow from 6.4 million gigabit broadband users in 2020 to 60 million by 2025, with a net increase of 71.53 million users in 2023[35]. - By the end of 2023, the number of fixed internet broadband access users in China reached 636 million, with 163 million users having access speeds of 1000 Mbps or higher, marking a year-on-year net increase of 71.53 million users[35]. - The number of 10G PON ports exceeded 10 million by the end of 2023, with a growth rate of 51.2% compared to the previous year, enabling coverage for over 500 million households[35]. - The global cloud infrastructure service expenditure reached $78.1 billion in Q4 2023, reflecting a year-on-year growth of 19%[36]. - The market for active optical cables (AOC) is expected to grow at a compound annual growth rate (CAGR) of 15% from 2024 to 2028, while passive copper cables (DAC) and active electrical cables (AEC) are projected to grow at 25% and 45% CAGR respectively[36]. Research and Development - The company is committed to enhancing its research and development capabilities to innovate new products and technologies in the optical communication field[15]. - The company’s R&D expenditure reached CNY 121 million, accounting for 7.25% of total revenue[51]. - The company holds 206 patents, including 108 invention patents, indicating a strong focus on research and development capabilities[47]. - The company is actively developing next-generation high-speed optical modules for wireless transmission, indicating a focus on innovation and market expansion[35]. - The company plans to enhance its product offerings through technology innovation, focusing on active devices and optical conversion chip design[47]. Acquisitions and Strategic Investments - The company completed the acquisition of Changxin Sheng in 2022 and Silicon Line GmBH in April 2023, which will enhance its market position and product offerings[44]. - The company completed the acquisition of a 42.29% stake in Changxinsheng, making it a subsidiary[52]. - The company acquired a 100% stake in Silicon Line GmbH for ¥191,315,579.45, which is expected to enhance its market position[63]. - The company acquired a 42.29% stake in Changxin Sheng, which is now included in the consolidated financial statements[200]. Operational Efficiency and Cost Management - The company has established a robust quality management system and cost control measures to mitigate the impacts of intense industry competition[48]. - The company is committed to maintaining a stable gross margin by continuously reducing production costs through R&D iterations and supplier management[115]. - The company has implemented new strategies to enhance operational efficiency and reduce costs[136]. Governance and Compliance - The company maintains a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder interests[122]. - The company operates independently from its controlling shareholder, with clear asset ownership and no significant related party transactions[124]. - The company has established a complete internal organizational structure, including a marketing center, operations center, chip research institute, financial center, and human resources center[126]. - The company has a commitment to not seek improper benefits from its controlling shareholder's position, protecting the interests of the listed company and other shareholders[128]. Employee Management and Development - The total number of employees at the end of the reporting period was 1,283, with 338 in the parent company and 945 in major subsidiaries[163]. - The company has implemented a performance evaluation system linking employee salaries to individual performance and overall company economic benefits[164]. - The company has established a stock option incentive plan to attract and retain talent, aligning the interests of shareholders, the company, and core team members[165]. - The company provides training programs to enhance employee capabilities and support strategic goals[166]. Future Outlook and Guidance - The company provided guidance for 2024, expecting revenue growth to be between 10% and 12%[132]. - The company has set ambitious performance guidance for the upcoming fiscal year, aiming for a revenue growth of 20%[135]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[132]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[145].

证券代码：300548 证券简称：博创科技 公告编号：2024-028 博创科技股份有限公司 关于提请股东大会授权董事会以简易程序向特定对象发行股票的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，并且没有 虚假记载、误导性陈述或重大遗漏。 博创科技股份有限公司（以下简称"公司"）于 2024 年 3 月 21 日召开的第 六届董事会第三次会议审议通过了《关于提请股东大会授权董事会办理以简易程 序向特定对象发行股票事宜的议案》，同意提请股东大会授权董事会办理以简易 程序向特定对象发行融资总额不超过人民币三亿元且不超过最近一年末净资产 百分之二十的股票，授权期限为 2023 年度股东大会通过之日起至 2024 年度股东 大会召开之日止。现将有关事项公告如下： 一、授权具体内容 1、确认公司是否符合以简易程序向特定对象发行股票（以下简称"小额快 速"或"本次发行股票"）的条件 授权董事会根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司证券发行注册管理办法》（以下简称"注册管理办法"）等法律、法规、 规范性文件以及《公司章程》的规定，对公司实际情况及相关事项进行自查论证， 并确认公司 ...

董事会对会计师事务所 2023 年度履职情况评估及审计委员 会履行监督职责情况的报告 博创科技股份有限公司 根据《公司法》《证券法》及《国有企业、上市公司选聘会计师 事务所管理办法》等有关规定，博创科技股份有限公司（以下简称"博 创科技"或"公司"）董事会审计委员会本着勤勉尽责的原则，恪尽 职守，认真履职。现将董事会对会计师事务所 2023 年度履职评估及 审计委员会履行监督职责的情况汇报如下： 公司于 2023 年 9 月 7 日召开的第五届董事会第二十八次会议审 议通过了《关于续聘 2023 年度审计机构的议案》，该议案于 2023 年 9 月 25 日经 2023 年第三次临时股东大会审议通过。公司独立董事对 上述议案发表了事前认可意见及同意的独立意见。 二、2023 年年审会计师事务所履职情况 按照《审计业务约定书》，遵循《中国注册会计师审计准则》和 其他执业规范及公司 2023 年年报工作安排，天健会计师事务所（特 殊普通合伙）对公司 2023 年度财务报告进行了审计，同时对公司募 集资金存放与实际使用情况、控股股东及其他关联方占用资金情况等 进行核查并出具了专项报告。经审计，天健会计师事务所（特殊 ...

证券代码：300548 证券简称：博创科技 公告编号：2024-022 博创科技股份有限公司 关于 2021 年股票期权激励计划首次授予第二期条件成就的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，并且没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次可行权的股票期权数量为 2,104,500 份，占目前公司总股本剔除回 购股份后的股份数量比例的 0.74%。 2、本次股票期权行权采用自主行权模式。 3、本次行权事宜需在有关机构的手续办理结束后方可行权，届时将另行公 告，敬请投资者注意。 博创科技股份有限公司（以下简称"公司"）于 2024 年 3 月 21 日召开的第 六届董事会第三次会议和第六届监事会第三次会议审议通过了《关于 2021 年股 票期权激励计划首次授予第二期条件成就的议案》，具体情况如下： 一、 本次股权激励计划已经履行的审批程序 1、2021 年 11 月 3 日，公司第五届董事会第七次会议审议通过了《关于公 司 2021 年股票期权激励计划（草案）及其摘要的议案》、《关于公司 2021 年股 票期权激励计划实施考核管理办法的议案》和《关于提请公司股东大会授权董 ...

关于博创科技股份有限公司 调整部分募集资金投资项目内部投资结构的核查意见 海通证券股份有限公司（以下简称"海通证券"或"保荐机构"）作为博创 科技股份有限公司（以下简称"博创科技"或"公司"）向特定对象发行股票持 续督导保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易所创 业板股票上市规则》《上市公司监管指引第2号——上市公司募集资金管理和使用 的监管要求》《深圳证券交易所上市公司自律监管指引第2号——创业板上市公司 规范运作》等有关规定，对博创科技调整部分募集资金投资项目内部投资结构的 事项进行了核查，具体情况如下： 一、募集资金基本情况 公司于2021年4月完成向特定对象发行股票22,576,136股，每股面值1元，每 股发行价格为27.71元，募集资金总额为625,584,728.56元，扣除不含税发行费用 8,808,918.68元后，募集资金净额为人民币616,775,809.88元。天健会计师事务所 （特殊普通合伙）对上述募集资金到位情况进行了审验，并出具了相应的《验资 报告》（天健验[2021]126号）。 公司于2021年4月8日召开的第五届董事会第一次会议审议通过了《关于变更 部 ...

目 录 一、募集资金年度存放与使用情况鉴证报告…………………………第 1—2 页 二、关于募集资金年度存放与使用情况的专项报告……………… 第 3—14 页 募集资金年度存放与使用情况鉴证报告 天健审〔2024〕435 号 博创科技股份有限公司全体股东： 第 1 页 共 14 页 执业准则要求我们计划和实施鉴证工作，以对鉴证对象信息是否不存在重大错报 获取合理保证。在鉴证过程中，我们实施了包括核查会计记录等我们认为必要的 程序。我们相信，我们的鉴证工作为发表意见提供了合理的基础。 我们鉴证了后附的博创科技股份有限公司（以下简称博创科技公司）董事会 编制的 2023 年度《关于募集资金年度存放与使用情况的专项报告》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供博创科技公司年度报告披露时使用，不得用作任何其他目的。 我们同意将本鉴证报告作为博创科技公司年度报告的必备文件，随同其他文件一 起报送并对外披露。 二、管理层的责任 博创科技公司董事会的责任是提供真实、合法、完整的相关资料，按照《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年 修订）》（证监会公告〔2022〕15 ...

博创科技股份有限公司 2023 年度内部控制自我评价报告 博创科技股份有限公司 2023年度内部控制自我评价报告 博创科技股份有限公司全体股东： 博创科技股份有限公司（以下简称"公司"）根据《企业内部控 制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简 称企业内部控制规范体系），结合公司内部控制制度和评价办法，在 内部控制日常监督和专项监督的基础上，我们对公司2023年12月31 日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控 制，评价其有效性，并如实披露内部控制评价报告是公司董事会的责 任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、 高级管理人员保证本报告内容不存在任何虚假记载、误导性陈述或重 大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、 财务报告及相关信息真实完整，提高经营效率和效果，促进实现发展 战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提 ...