Core Viewpoint - China is a significant player in the global aluminum die-casting alloy industry, with the market size expected to reach 215.26 billion yuan in 2024, reflecting a year-on-year increase of 3.67% driven by the automotive market, electronics industry, and high-end equipment manufacturing [1][10]. Industry Overview - Aluminum die-casting alloys are produced through die-casting processes, primarily composed of silicon, manganese, magnesium, and trace elements, with production involving melting, refining, molding, and pouring [3]. - The industry benefits from the lightweight, high strength, and corrosion resistance of aluminum die-casting alloys, which are widely used in automotive, aerospace, medical, military, and electronic sectors [3]. Market Size and Growth - The aluminum die-casting alloy market in China is projected to grow, supported by the country's large automotive market and rapid advancements in the electronics sector [1][10]. - The global aluminum die-casting alloy market is expected to reach $142.78 billion by 2024, with a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031 [10]. Competitive Landscape - International companies like Nemak, Ahresty, and Ryobi dominate the industry due to their technological expertise and extensive market presence [10]. - Domestic companies such as Aikodi, Wencan Group, and Guangdong Hongtu are emerging as significant players, benefiting from China's market demand and industrial support [10]. Industry Trends - The industry is moving towards precision and high performance, driven by the increasing quality and performance requirements from the automotive sector, especially for electric vehicles [12]. - There is a growing demand for customized solutions, necessitating improved customer communication and tailored product designs [13]. - The industry is also expanding into international markets, seeking to enhance competitiveness and brand influence through global partnerships and participation in international events [14].

Core Points - The company, Bojun Technology (300926), announced a stock release for specific investors, involving 14,684,287 shares, which represents approximately 3.3810% of the total share capital [1] - A total of 101 shareholders are involved in this stock release, with the shares set to be tradable starting November 24, 2025 [1]

证券代码：300926 证券简称：博俊科技 公告编号：2025-094 江苏博俊工业科技股份有限公司 关于以简易程序向特定对象发行股票限售股份解除限售并 上市流通的提示性公告 2、本次申请解除股份限售的股东户数共计 101 户，本次解除限售股份的上市 流通日为2025年11月24日（星期一）。 一、本次申请解除限售股份的基本情况及公司股本变动情况 1、本次申请解除限售股份的基本情况 经中国证券监督管理委员会《关于同意江苏博俊工业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〔2025〕978号）同意，公司以简易程序向特 定对象发行人民币普通股（A 股）14,684,287股，新增股份于2025年5月22日在深圳 证券交易所上市。股票限售期为自本次发行股份上市之日起6个月。本次发行后，公 司总股本由419,432,601股增加至434,116,888股。 2、本次股份发行后公司股本变动情况 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 特别提示： 1、本次申请解除限售股份为江苏博俊工业科技股份有限公司（以下简 ...

东方证券股份有限公司 关于江苏博俊工业科技股份有限公司 以简易程序向特定对象发行股票解除限售并上市流通 的核查意见 东方证券股份有限公司（以下简称"东方证券"或"保荐机构"）作为江苏 博俊工业科技股份有限公司（以下简称"博俊科技"或"公司"）2024 年度以 简易程序向特定对象发行股票的保荐机构，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》《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，对公司 2024 年度以 简易程序向特定对象发行股票解除限售并上市流通的事项进行了核查，具体情况 如下： 一、本次申请解除限售股份的基本情况及公司股本变动情况 1、本次申请解除限售股份的基本情况 经中国证券监督管理委员会《关于同意江苏博俊工业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〔2025〕978 号）同意，公司以简易程 序向特定对象发行人民币普通股（A 股）14,684,287 股，新增股份于 2025 年 5 月 22 日在深圳证券交易所上市。股票限售期为自本次发行股份上市之日起 6 个 月。本次发行后，公司总股本由 419,432, ...

Group 1 - Volant Aviation has completed a B+ round financing of several hundred million yuan, with investments from multiple listed companies including Jinding Capital, Bertley, Hailide, Aima Technology, Jingzhuan Technology, and Bojun Technology [1] - The financing will be used for the airworthiness certification and mass production preparation of the Volant VE25 eVTOL, further accelerating its commercialization process [1] - Huaxing Capital acted as the exclusive financial advisor for this financing round [1] Group 2 - Volant Aviation focuses on the research and manufacturing of high-grade electric vertical take-off and landing aircraft (eVTOL) [4] - The company's first composite wing product, VE25-100 "Tianxing," is designed with a market-oriented approach, targeting the commercial passenger transport sector and covering all application scenarios in the low-altitude economy [4] - Since the successful first unprotected flight of the prototype AC101 on September 1, the Volant team is working towards completing rotor test flight subjects and preparing for manned flight tests [4]

Core Insights - Volant Aviation has completed a multi-billion B+ round financing, with investments from several listed companies, aimed at accelerating the certification and mass production of its VE25 eVTOL model [1][2] - The low-altitude economy is recognized as a strategic emerging industry in China, with eVTOLs being a key component of its commercialization [2] Financing and Investment - The financing round involved investments from five listed companies, including Jinding Capital, Bertley, Hailide, Aima Technology, and Jingzhuan Technology, which have extensive experience in intelligent manufacturing, new materials, and precision processing [1] - The funds will be used for the airworthiness certification and preparation for mass production of the VE25 eVTOL, accelerating its commercialization process [1] Market Potential and Industry Outlook - The founder and CEO of Volant Aviation, Dong Ming, emphasized that China has a solid foundation and significant market potential for the eVTOL industry, which could develop into a globally competitive new pillar industry similar to electric vehicles [2] - The low-altitude economy is entering a critical period of policy benefits, with eVTOLs representing the core vehicle for its commercialization, aligning with the "dual carbon" strategy and urban transportation upgrades [2]

Core Insights - Volant has completed a B+ round financing amounting to several hundred million yuan, aimed at accelerating the certification and mass production of its VE25 eVTOL model, thereby speeding up its commercialization process [1][2] - The financing round was led by Jinding Capital in collaboration with five listed companies, indicating strong industry support and confidence in Volant's capabilities [1] - The founder and CEO of Volant, Dong Ming, emphasized China's solid foundation and immense market potential for the eVTOL industry, suggesting it could evolve into a globally competitive new pillar industry similar to electric vehicles [2] Financing Details - The B+ round financing will be utilized for the airworthiness certification and preparation for mass production of the VE25 eVTOL [1] - Jinding Capital's founding partner highlighted the low-altitude economy as a strategic emerging industry, integrating high-end manufacturing, aerospace, artificial intelligence, new materials, and new energy [1] Market Position and Future Outlook - Volant has achieved significant milestones, including the rollout of its engineering aircraft and successful manned flights, demonstrating its leading position in product development and commercial capabilities [1] - The company aims to collaborate with industry partners to develop safe, reliable, and practical commercial passenger eVTOLs, positioning itself to participate deeply in the global aviation industry's transformation and competition [2]

Core Insights - VOLANT has completed a B+ round financing of several hundred million yuan, with investments from five listed companies [1] - The funds will be used for the airworthiness certification and mass production preparation of the VOLANT VE25 eVTOL, accelerating its commercialization process [1] - Huaxing Capital acted as the exclusive financial advisor for this financing round [1] Financing Details - The financing amount is in the range of several hundred million yuan [1] - Investors include Jinding Capital, Berteli (603596), Hailide (002206), Aima Technology (603529), Jingzhuan Technology (300258), and Bojun Technology (300926) [1] Purpose of Funds - The primary use of the funds is for the airworthiness certification of the VOLANT VE25 eVTOL [1] - The financing will also support preparations for mass production [1] - This investment is aimed at further accelerating the commercialization of the eVTOL [1]

Core Viewpoint - Bojun Technology is capitalizing on the growth of the electric vehicle (EV) market, with plans to expand its production capacity through a new manufacturing base in Hangzhou, with a total investment of 1 billion yuan [2][3][4]. Financial Performance - In the first three quarters of 2025, Bojun Technology achieved a revenue of 4.075 billion yuan, representing a year-on-year growth of 42.36%, and a net profit of 627 million yuan, up 70.47% [2][6]. - Since its listing nearly five years ago, the company has consistently reported revenue growth exceeding 40% annually [7]. - The company's revenue increased from 549 million yuan in 2020 to 4.227 billion yuan in 2024, marking a growth of approximately 670% [5]. Investment and Expansion Plans - The new production base project in Hangzhou is expected to have a fixed asset investment of no less than 5 million yuan per mu, with an anticipated annual output value of no less than 10 million yuan per mu and tax revenue of 500,000 yuan per mu [4]. - The project aligns with national industrial policies and the company's future development plans, aiming to enhance production capacity in the automotive parts sector [4]. Clientele and Market Position - Bojun Technology serves notable clients in the automotive industry, including Li Auto, Geely, BYD, and Xpeng Motors, indicating a strong market presence [2][7]. - The company has established itself as a specialized manufacturer of precision automotive components and molds, with a diverse product range [3]. Research and Development - The company emphasizes R&D, with R&D expenses accounting for at least 3.5% of its revenue, and has seen significant increases in R&D spending, with 161 million yuan in 2024 and 110 million yuan in the first three quarters of 2025 [4][8]. - Bojun Technology has developed key production technologies, including mold design, stamping, welding, and injection molding, which are critical for maintaining competitiveness in the EV market [8].

Core Viewpoint - Bojun Technology is capitalizing on the growth of the electric vehicle market, with plans to invest 1 billion yuan in a new automotive parts production base in Hangzhou, which is expected to enhance its production capacity and align with national industry policies [2][4]. Financial Performance - For the first three quarters of 2025, Bojun Technology reported a revenue of 4.075 billion yuan, a year-on-year increase of 42.36%, and a net profit attributable to shareholders of 627 million yuan, up 70.47% [2][8]. - Since its listing, Bojun Technology has consistently achieved revenue growth exceeding 40% annually, with a significant increase in net profit [3][9]. Investment and Expansion Plans - The company plans to establish a new production base with a total investment of 1 billion yuan, focusing on precision automotive components and molds, which will enhance its production capabilities [4][5]. - The project aims for a minimum annual output value of 10 million yuan per mu and a tax contribution of 500,000 yuan per mu once operational [4]. Client Base and Market Position - Bojun Technology serves notable clients in the automotive industry, including Li Auto, Geely, BYD, and Xpeng Motors, indicating a strong market presence and customer base [3][9]. - The company emphasizes its commitment to R&D and innovation, having mastered key production technologies essential for the automotive sector [9][10]. R&D Investment - R&D expenditures for 2024 and the first three quarters of 2025 were 161 million yuan and 110 million yuan, reflecting year-on-year growth of 90.17% and 9.96%, respectively [10]. - The company aims to increase its R&D investment to maintain a competitive edge in the rapidly evolving electric vehicle market [10].