Financial Performance - The company's revenue for Q1 2025 reached ¥538,505,890.09, representing a 72.13% increase compared to ¥312,848,868.39 in the same period last year[5]. - Net profit attributable to shareholders was ¥89,701,970.05, a significant increase of 322,652.08% from ¥27,792.84 in the previous year[5]. - Basic and diluted earnings per share both stood at ¥0.31, a remarkable increase of 309,900.00% compared to ¥0.0001 in the same period last year[5]. - Operating profit for Q1 2025 was ¥152,391,763.79, compared to ¥10,324,464.12 in Q1 2024, indicating a substantial improvement in profitability[22]. - Net profit for Q1 2025 was ¥154,443,314.76, up from ¥12,968,131.81 in Q1 2024, reflecting a year-over-year increase of over 1,090%[22]. - Total revenue for Q1 2025 reached ¥538,505,890.09, a significant increase from ¥312,848,868.39 in the same period last year, representing a growth of approximately 72%[21]. Cash Flow - The net cash flow from operating activities was ¥119,491,623.59, up 150.70% from ¥47,662,274.39 year-on-year[5]. - Cash received from investment recoveries surged to ¥639,538,789.97, a 315.28% increase attributed to changes in financial product investments[10]. - Cash flow from debt repayment saw a dramatic increase to ¥51,782,889.42, a 5594.56% rise due to changes in bank loan repayments[10]. - Cash flow from investing activities generated a net inflow of CNY 89,525,603.62, a significant improvement from a net outflow of CNY -421,555,821.60 previously[26]. - The net cash flow from financing activities was CNY -442,208,525.10, a decrease from CNY 517,759,690.34 in the last period[26]. Assets and Liabilities - Total assets decreased by 7.38% to ¥3,275,342,289.47 from ¥3,536,417,749.47 at the end of the previous year[5]. - Current assets totaled ¥2,275,607,669.83, down from ¥2,544,402,098.13, indicating a decline of about 10.6%[18]. - Total liabilities decreased to ¥1,087,413,456.08 from ¥1,126,277,359.54, a reduction of approximately 3.5%[19]. - The company's equity attributable to shareholders decreased by 4.68% to ¥1,669,873,414.65 from ¥1,751,886,656.63 at the end of the previous year[5]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,253[12]. - The largest shareholder, Changfei Optical Fiber Co., Ltd., holds 19.17% of shares, totaling 55,384,099 shares[12]. - The company has no preferred shareholders with voting rights as of the reporting period[12]. - The total number of shares with limited sales at the beginning of the period was 22,000,000, which remains unchanged[14]. Operational Changes - The company completed the cash acquisition of 18.16% of Changxinsheng (Wuhan) Technology Co., Ltd., increasing its ownership to 60.45%[15]. - The company has no new strategies or significant market expansions reported during this period[10]. Other Financial Metrics - The company reported a significant increase in prepayments by 35.59% to ¥11,487,714.30, primarily due to increased advance payments for goods[9]. - Other receivables increased by 126.35% to ¥2,261,253.38, mainly due to an increase in other receivables during the reporting period[9]. - The company experienced a 406.57% increase in fair value changes, reaching ¥2,435,631.86, attributed to fluctuations in trading financial assets[9]. - The company reported a 1382.30% increase in asset impairment losses, amounting to -¥11,293,946.73, primarily due to changes in inventory impairment provisions[9]. - Research and development expenses for Q1 2025 were ¥27,917,829.29, slightly down from ¥28,536,167.15 in Q1 2024[22]. - The total comprehensive income amounted to CNY 153,949,167.96, with a net income attributable to the parent company of CNY 89,391,158.83[23].

Industry Overview - The Chinese optical communication system industry is experiencing market scale expansion, accelerated technological iteration, diversified competitive landscape, and strengthened policy support, showing steady overall development [1][13] - The market size of the optical communication system industry in China is projected to reach 215.4 billion yuan in 2024, with a year-on-year growth of 1.07% [1][13] - Technological advancements are moving towards ultra-high speed, large capacity, and low latency, with 400G optical networks already in commercial use and 800G/1.6T optical modules gradually being deployed [1][13] Technological Developments - Innovations such as silicon photonics and co-packaged optics (CPO) are driving power consumption reductions of over 50% [1][13] - The integration of quantum communication with optical communication provides new pathways for secure information transmission, while integrated optical technologies enhance device intelligence [1][13] Policy and Market Drivers - National policies such as "Broadband China" and "Three Networks Integration" are significantly promoting industry growth [1][13] - Emerging applications in computing networks and smart cities are expanding the boundaries of application, with AI model training driving the demand for upgraded computing infrastructure, further boosting the optical communication system market [1][13] Industry Development History - The optical communication system industry in China has undergone four main stages: early exploration (1970s), technological breakthroughs (1980s), rapid development and industrialization (1990s), and technological upgrades and globalization (2000s to present) [6][7] Industry Chain - The upstream of the optical communication system industry includes core components and basic materials, while the midstream involves R&D and production, and the downstream applications span telecommunications, data communications, consumer electronics, and more [9] Key Companies - Major players in the optical communication system industry include Huawei, ZTE, and FiberHome, which dominate the core markets of optical transmission and access equipment [15] - Companies like Zhongji Xuchuang and Xinyi Technology are gaining traction in the optical module and device segments through technological innovation and differentiated products [15] Market Trends - Technological innovation is the core driving force for the development of the optical communication system industry, with a focus on high speed, high integration, and low power consumption [21] - New application scenarios are expanding, including IoT and smart city initiatives, which will further increase the demand for optical communication devices [22][23] - International competition is intensifying, with Chinese optical communication companies needing to enhance their competitiveness in the global market [24]

| 代码 | 简称 | 最新融资余额(万 | | 融资余额环比增减 | 收盘价 | 当日涨跌幅 | 所属行 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 元） | | （%） | （元） | （%） | 业 | | 300548 | 博创科 技 | 6873.02 | 69.56 | | 33.73 | 4.43 | 通信 | | 301566 | 达利凯 普 | 12793.22 | 33.94 | | 16.86 | 2.99 | 电子 | | 301105 | 鸿铭股 | 2276.34 | 29.04 | | 30.88 | 7.26 | 机械设 | | | 份 | | | | | | 备 | | 301008 | 宏昌科 | 6320.54 | 24.23 | | 20.10 | 3.50 | 家用电 | | | 技 | | | | | | 器 | | 301031 | 中熔电 气 | 10642.85 | 19.46 | | 122.58 | 3.01 | 电子 | | 300973 | 立高食 | 16900.29 | 19. ...

Group 1: Industry Outlook - The telecommunications market is currently under pressure, but growth is expected in data communication, consumer, and industrial internet sectors due to the increasing demand for computing power driven by cloud computing, artificial intelligence, and big data technologies [2][3] Group 2: Order Status and Export - The company has a normal order backlog, and some products are currently exempt from tariffs [4] - The impact of tariff policies on the company is still under observation, with plans to enhance overseas production capacity to mitigate tariff effects [8] Group 3: Financial Performance - The company will disclose its Q1 2025 financial report at the end of April, and specific details regarding profitability will be available then [5][7][12] Group 4: Growth Drivers - Future profit growth is expected to be driven by stable international conditions, proactive fiscal policies, sustained AI demand, and technological breakthroughs in high-speed internet [6] Group 5: Strategic Partnerships and Technology - The company is continuously researching and preparing technologies in response to market trends and customer needs, including advancements in 6G technology [10] - Customer information, including partnerships with major firms like Huawei and ByteDance, is considered confidential [11]

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、本次注销 2021 年股票期权激励计划首次授予的股票期权数量为 112,500 份，涉及激励对象 1 人，占目前公司总股本剔除回购股份后的股份数量比例的 0.04%。 2、公司已于 2025 年 4 月 11 日在中国证券登记结算有限责任公司深圳分公 司完成了本次股票期权的注销登记手续。 博创科技股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召开的第 六届董事会第十五次会议和第六届监事会第十三次会议审议通过了《关于注销部 分股票期权的议案》。 根据公司 2021 年股票期权激励计划的相关规定，公司 2021 年股票期权激励 计划首次授予股票期权中 1 名激励对象因离职而不再具备激励资格，公司对已获 授但尚未行权的股票期权 112,500 份进行注销。具体内容详见公司于 2025 年 3 月 28 日披露于巨潮资讯网上的《博创科技股份有限公司关于注销部分股票期权 的公告》（公告编号：2025-012）。 证券代码：300548 证券简称：博创科技 公告编号：2025-018 ...

证券代码：300548 证券简称：博创科技 公告编号：2025-017 博创科技股份有限公司（以下简称"公司"）2024 年年度报告及摘要已于 2025 年 3 月 28 日公布。为使广大投资者进一步了解公司 2024 年年度报告及经营情况， 公司将于 2025 年 4 月 18 日（星期五）下午 15：30-17：00 在深圳证券交易所"互 动易"平台举办 2024 年度网上业绩说明会。本次年度业绩说明会将采用网上交流 方式举行，投资者可登陆深圳证券交易所"互动易"平台（http://irm.cninfo.com.cn） "云访谈"栏目参与本次年度业绩说明会。 出席本次年度业绩说明会的人员为：公司董事、总经理汤金宽先生，财务总 监 PEH KOK THYE 先生，董事会秘书熊军先生，独立董事胡立君先生，保荐代 表人江煌先生。 为充分听取投资者意见以及提升交流效率，现就公司本次年度业绩说明会向 投资者公开征集问题。投资者可提前登陆"互动易"平台（http://irm.cninfo.com.cn） "云访谈"栏目进入公司本次年度业绩说明会页面进行提问，公司将在本次年度业 绩说明会上对投资者普遍关注的问题进行回答 ...

证券代码：300548 证券简称：博创科技 公告编号：2025-016 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股票期权第三个行权期 采用自主行权模式的提示性公告 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、公司 2021 年股票期权激励计划（以下简称"激励计划"）首次授予股票 期权的期权代码：036475，期权简称：博创 JLC3 2、第三个行权期符合行权条件的激励对象为 117 名，可行权的股票期权数 量为 1,948,500 份，占公司总股本剔除回购股份后的股份数量比例的 0.68%。 3、本次股票期权采用自主行权模式。 4、若本次可行权股票期权全部行权，公司股权分布仍具备上市条件。 博创科技股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召开的第六 届董事会第十五次会议和第六届监事会第十三次会议审议通过了《关于 2021 年 股票期权激励计划首次授予第三期条件成就的议案》。根据公司 2021 年第四次 临时股东大会的相关授权，公司董事会按照相关规定办理 2021 年股票期权激励 计划首次 ...

Investment Rating - The report maintains a "Recommended" rating for the company [4][6]. Core Views - The company achieved a revenue of 1.747 billion yuan in 2024, representing a year-on-year growth of 4.3%, while the net profit attributable to shareholders decreased by 11.5% to 72 million yuan. However, the net profit excluding non-recurring items surged by 421.6% to 58 million yuan [1][4]. - The telecommunications market experienced a decline, with revenue falling by 39.1% to 670 million yuan, accounting for 38.3% of total revenue. In contrast, the data communication, consumer, and industrial interconnection markets saw significant growth, with revenue increasing by 87.8% to 1.074 billion yuan, now representing 61.5% of total revenue [2][3]. - The company is well-positioned to capitalize on the growth opportunities presented by artificial intelligence, with expectations for the sales of high-speed cables to double over the next five years [3]. Summary by Sections Financial Performance - In Q4 2024, the company reported a revenue of 514 million yuan, a year-on-year decline of 40.3%, but a quarter-on-quarter increase of 6.8%. The net profit for this quarter was 35 million yuan, marking a turnaround from losses [1]. - The company forecasts net profits of 164 million yuan, 243 million yuan, and 331 million yuan for 2025, 2026, and 2027, respectively, with corresponding PE ratios of 68x, 46x, and 34x [4][5]. Market Segments - The telecommunications segment's revenue decline was attributed to industry cycles and competitive pricing pressures, with a gross margin of 8.38%, down 6.65 percentage points year-on-year [2]. - The data communication and industrial interconnection markets benefited from advancements in AI and data center capabilities, achieving a gross margin of 39.07%, an increase of 11.23 percentage points year-on-year [2][3]. Strategic Initiatives - The company is enhancing its global strategy by optimizing resource allocation and expanding its overseas marketing team, resulting in a 81.1% increase in overseas sales revenue to 775 million yuan [3]. - The company is also advancing its product development in high-speed cables and optical modules, with successful development and testing of new products [3].

Investment Rating - The report maintains a "Recommended" rating for the company [4][6]. Core Views - The company achieved a revenue of 1.747 billion yuan in 2024, a year-on-year increase of 4.3%, while the net profit attributable to shareholders decreased by 11.5% to 72 million yuan. However, the net profit excluding non-recurring items surged by 421.6% to 58 million yuan [1][2]. - The telecommunications market experienced a decline, with revenue dropping by 39.1% to 670 million yuan, accounting for 38.3% of total revenue. In contrast, the data communication, consumer, and industrial interconnection markets saw significant growth, with revenue increasing by 87.8% to 1.074 billion yuan, representing 61.5% of total revenue [2][3]. - The company is well-positioned to capitalize on the growth opportunities presented by artificial intelligence, with expectations of a more than twofold increase in sales of high-speed cables driven by AI over the next five years [3]. Summary by Sections Financial Performance - In Q4 2024, the company reported a revenue of 514 million yuan, a year-on-year decline of 40.3%, but a quarter-on-quarter increase of 6.8%. The net profit for the quarter was 35 million yuan, marking a turnaround from losses, with a quarter-on-quarter growth of 45.7% [1]. - The company forecasts net profits of 164 million yuan, 243 million yuan, and 331 million yuan for 2025, 2026, and 2027, respectively, with corresponding PE ratios of 68x, 46x, and 34x [4][5]. Market Segments - The telecommunications segment's revenue decline was attributed to industry cycles and market price competition, with a gross margin of 8.38%, down 6.65 percentage points year-on-year [2]. - The data communication and industrial interconnection markets benefited from advancements in AI and data center capabilities, achieving a gross margin of 39.07%, an increase of 11.23 percentage points year-on-year [2][3]. Strategic Initiatives - The company is enhancing its global strategy by optimizing resource allocation and expanding its overseas marketing team, resulting in overseas sales revenue of 775 million yuan, an increase of 81.1% year-on-year [3]. - The company is also advancing its product development in high-speed cables and optical modules, with successful development and verification of 800G multimode AOC active optical cables and various high-speed copper cable products [3].

Core Viewpoint - The announcement details the approval and implementation of the third phase of the stock option incentive plan for 2021 by the company, highlighting the adjustments in stock option prices and quantities, as well as the conditions for exercising these options [1][5][12]. Summary by Relevant Sections Approval Process - The stock option incentive plan has undergone necessary approval procedures, including discussions and approvals from the board and supervisory committee [1][2]. - The independent directors and legal advisors have provided their consent regarding the plan's implementation [2][3]. Adjustments to Stock Options - The exercise price of the stock options has been adjusted from 31.24 yuan to 20.56 yuan, and the number of options has increased from 6.246 million to 9.369 million [5]. - The reserved stock options have also been adjusted from 754,000 to 1,131,000 [5]. Conditions for Exercising Options - The third exercise period for the stock options is defined as starting from 36 months after the initial grant registration date, which was completed on December 21, 2021, and will end on December 20, 2024 [7][10]. - The company believes that the conditions for exercising the options have been met based on performance metrics and financial reports [9][10]. Impact on Company - If all 1,948,500 options are exercised, the company's net assets will increase, and there will be an impact on earnings per share and return on equity, although it will not significantly affect the company's operational capacity or financial status [12]. - The exercise of options will not lead to a substantial change in the company's equity structure, maintaining compliance with listing conditions [12]. Opinions from Committees - The remuneration and assessment committee of the board has agreed to proceed with the exercise procedures for eligible participants after reviewing their performance and departure status [12]. - The supervisory committee has confirmed the legality and validity of the exercise qualifications for the incentive plan [12][13].