Investment Rating - The report maintains a "Buy" rating for the company with a target price of 33.66 CNY, based on a comparable company PE average valuation of 17 times for 2025 [2][5]. Core Views - The company is expected to achieve significant profit growth driven by high-quality customer support and scale effects [1]. - The forecasted EPS for 2025-2027 is adjusted to 1.98, 2.59, and 3.38 CNY respectively, reflecting an increase from previous estimates [2]. - The company anticipates strong performance in the second quarter, with net profit expected to grow by 47.0%-67.0% year-on-year [9]. Financial Summary - The company's projected revenue for 2025 is 6,034 million CNY, with a year-on-year growth of 42.7% [3][11]. - Operating profit is expected to reach 1,013 million CNY in 2025, reflecting a 50.6% increase compared to the previous year [3][11]. - The net profit attributable to the parent company is forecasted at 861 million CNY for 2025, indicating a 40.5% year-on-year growth [3][11]. - The gross margin is projected to be 27.3% in 2025, while the net margin is expected to be 14.3% [3][11]. - The return on equity (ROE) is forecasted to be 28.3% in 2025 [3][11].

[2025 Semi-Annual Performance Forecast](index=1&type=section&id=Jiangsu%20Bojun%20Industrial%20Technology%20Co.,%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a year-on-year increase in its 2025 semi-annual performance, with net profit attributable to shareholders projected between **RMB 341 million and RMB 387 million**, representing a **47% to 67% increase**, and non-recurring net profit between **RMB 340 million and RMB 386 million**, also increasing by **47% to 67%** Performance Forecast for the Current Period | Item | Current Reporting Period (January 1 - June 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company (RMB million)** | **340.93 - 387.32** | 231.93 | | Year-on-Year Growth (%) | 47 - 67 | - | | **Net Profit After Deducting Non-Recurring Gains and Losses (RMB million)** | **340.14 - 386.42** | 231.39 | | Year-on-Year Growth (%) | 47 - 67 | - | [Communication with Accounting Firms](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firms) The financial data in this performance forecast has not been audited by an accounting firm - The financial data in this performance forecast has not been audited by an accounting firm[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) Performance growth is primarily attributed to sustained revenue increase from abundant orders and the rapid development of the new energy vehicle sector, particularly hybrid and pure electric vehicles, which boosted the company's new energy vehicle body modular product revenue, with non-recurring gains and losses expected to have a minor impact of approximately **RMB 2 million** on net profit - The company maintained abundant orders and sustained revenue growth during the reporting period[5](index=5&type=chunk) - Driven by the rapid development and increasing volume in the new energy vehicle industry (hybrid and pure electric), the company's revenue from new energy vehicle body modular products continued to grow[5](index=5&type=chunk) - The company estimates that non-recurring gains and losses will impact net profit attributable to shareholders by approximately **RMB 2 million** for the first half of 2025[6](index=6&type=chunk) [Other Relevant Information](index=2&type=section&id=IV.%20Other%20Relevant%20Information) The company advises that this performance forecast is a preliminary estimate by the finance department, unaudited, and final figures will be detailed in the 2025 semi-annual report, urging investors to be aware of investment risks - This performance forecast represents preliminary estimates by the company's finance department, is unaudited, and final data will be fully disclosed in the 2025 semi-annual report[7](index=7&type=chunk) [Documents for Reference](index=2&type=section&id=V.%20Documents%20for%20Reference) The board of directors' explanation regarding the current period's performance forecast is available for reference - The board of directors' explanation regarding the current period's performance forecast serves as a reference document[8](index=8&type=chunk)

| 证券代码：300926 | 证券简称：博俊科技 | 公告编号：2025-066 | | --- | --- | --- | | 债券代码：123222 | 债券简称：博俊转债 | | 3、截至2025年第二季度末，江苏博俊工业科技股份有限公司（以下简称"公 司"）剩余可转换公司债券（以下简称"博俊转债"或"可转债"）为2,441,049张， 剩余可转债票面总金额为244,104,900.00元人民币。 根据《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15号——可转换公司债券》等有关规定，公司现将2025年第二季度 可转债转股及公司总股本变动情况公告如下： 一、可转债基本概况 （一）可转债发行情况 江苏博俊工业科技股份有限公司 关于2025年第二季度可转换公司债券转股情况的公告 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、"博俊转债"（债券代码：123222）转股期为2024 年 3 月 14 日至 2029 年 9 月 7 日；最新有效的转股价格为人民币 16.68 ...

Group 1 - The core point of the article is that the controlling shareholder's action partner, Jiaheng Investment, has completed its share reduction plan, selling 1.6638 million shares at an average price of 25.51 yuan per share, which represents a reduction of 0.3831% of the total shares [1] - After the reduction, Jiaheng Investment holds 32.5271 million shares, accounting for 7.49% of the company's total share capital [1] - The share reduction complies with relevant laws and regulations and will not lead to a change in the company's control [1]

证券代码：300926 证券简称：博俊科技 公告编号：2025-065 | 股东 | 减持方式 | 减持期间 | 减持均价 | 减持股数 | 减持比例 | | --- | --- | --- | --- | --- | --- | | 名称 | | | （元/股） | （股） | （%） | | 嘉恒 投资 | 集中竞价 交易 | 2025年6月11 日至2025年6 | 25.51 | 1,663,755 | 0.3831 | | | | 月25日 | | | | | | | 合计 | | 1,663,755 | 0.3831 | 1 / 3 江苏博俊工业科技股份有限公司 关于控股股东的一致行动人减持股份计划实施完毕的公告 公司控股股东的一致行动人上海嘉恒睿俊企业管理咨询中心（有限合伙）保 证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 江苏博俊工业科技股份有限公司（以下简称"公司"或"本公司"）于2025年3 月17日发布《关于控股股东的一致行动人减持股份的预披露公告》（公告编 号：2025-013），公 ...

证券代码：300926 证券简称：博俊科技 债券代码：123222 债券简称：博俊转债 江苏博俊工业科技股份有限公司 向不特定对象发行可转换公司债券 受托管理事务报告 （2024 年度） 债券受托管理人 二〇二五年六月 1 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"）《江 苏博俊工业科技股份有限公司与东方证券承销保荐有限公司向不特定对象发行 可转换公司债券受托管理协议》（以下简称"《受托管理协议》"）《江苏博俊工业 科技股份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称 "《募集说明书》"）《江苏博俊工业科技股份有限公司 2024 年年度报告》等相关 公开信息披露文件、第三方中介机构出具的专业意见等，由本期债券受托管理人 东方证券股份有限公司（以下简称"东方证券"）编制。东方证券对本报告中所 包含的从上述文件中引述内容和信息未进行独立验证，也不就该等引述内容和信 息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为东方证券所作的承诺 或声明 ...

的进展公告 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。 一、对外投资概述 江苏博俊工业科技股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日 召开第五届董事会第十三次会议，审议通过了《关于设立全资子公司暨建设汽车 轻量化零部件生产基地项目的议案》，同意公司在金华经济技术开发区设立全资 子公司及建设汽车轻量化零部件生产基地项目。具体内容详见公司于 2025 年 4 月 29 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于设立全资子公司暨建 设汽车轻量化零部件生产基地项目的对外投资公告》（公告编号：2025-039）。 证券代码：300926 证券简称：博俊科技 公告编号：2025-064 江苏博俊工业科技股份有限公司 关于设立全资子公司暨建设汽车轻量化零部件生产基地项目 类型：有限责任公司（非自然人投资或控股的法人独资） 法定代表人：伍亚林 注册资本：叁仟万元整 成立日期：2025年06月16日 住所：浙江省金华市婺城区西关街道四联路398号金华网络经济中心大楼A621 室 经营范围： ...

证券代码：300926 证券简称：博俊科技 公告编号：2025-064 江苏博俊工业科技股份有限公司 关于设立全资子公司暨建设汽车轻量化零部件生产基地项目 的进展公告 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。 一、对外投资概述 江苏博俊工业科技股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日 召开第五届董事会第十三次会议，审议通过了《关于设立全资子公司暨建设汽车 轻量化零部件生产基地项目的议案》，同意公司在金华经济技术开发区设立全资 子公司及建设汽车轻量化零部件生产基地项目。具体内容详见公司于 2025 年 4 月 29 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于设立全资子公司暨建 设汽车轻量化零部件生产基地项目的对外投资公告》（公告编号：2025-039）。 二、对外投资的进展情况 三、备查文件 1、金华博俊汽车零部件有限公司营业执照。 统一社会信用代码：91330701MAELMK1D9Y 名称：金华博俊汽车零部件有限公司 类型：有限责任公司（非自然人投资或控股的法人独资 ...

证券代码：300926 证券简称：博俊科技 公告编号：2025-063 江苏博俊工业科技股份有限公司 关于注销部分募集资金专项账户的公告 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。 一、募集资金基本情况 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，公司向特定 对象发行人民币普通股（A股）14,684,287股，每股发行价格为人民币20.43元， 募集资金总额为人民币299,999,983.41元，扣除各类发行费用后实际募集资金净 额为人民币297,751,296.51元。募集资金已于2025年5月13日划至公司指定账户， 上述募集资金到位情况业经中审亚太会计师事务所（特殊普通合伙）进行了审 验，并出具了"中审亚太验字(2025)000044号"《验资报告》。 二、募集资金的存放与管理情况 | 序号 | 开户银行 | 银行账号 | 备注 | | --- | --- | --- | --- | | 1 | 交通银行股份有限公司昆山分行 ...

Group 1: Company Overview - Jiangsu Bojun Industrial Technology Co., Ltd. was established in 2011, focusing on the R&D, design, production, and sales of automotive precision components and molds [2] - The company offers a comprehensive range of products, including body modules, dashboard assemblies, and various automotive systems such as steering, power, door, sunroof, electronic, interior, and seating systems [2][3] - Bojun has established strategic partnerships with renowned automotive manufacturers, including Geely, Changan, BYD, and Magna [3] Group 2: Financial Performance and Projections - The company has consistently outperformed its annual financial budget reports in previous years, with expectations for continued strong performance in 2025 [4] - A new factory in Jinhua is set to be built with a total investment of 1 billion CNY, covering approximately 165 acres, primarily serving clients like Leap Motor and Geely [4] Group 3: Product Development and Client Engagement - Bojun has secured project allocations for three platforms (A, B, C) from Leap Motor, with expectations for rapid revenue growth in the coming two years [4] - The company is actively involved in the production of integrated die-casting and high-pressure aluminum components, with some projects already in mass production [4][5] Group 4: Future Growth and Investments - New investments in factories and production lines are aligned with actual customer demand, contributing to future growth [5] - The company is exploring opportunities in the robotics sector, maintaining a focus on potential collaborations with clients in this field [5]