Core Viewpoint - The company is collaborating with Shanghai Electric to develop customized technology for intelligent robots, with prototype testing expected in the first half of 2026, which could lead to cost savings if successful [1] Group 1: Collaboration and Development - The company is engaged in a partnership with Shanghai Electric for the research and development of customized intelligent robot technology [1] - Prototype testing is anticipated to begin in the first half of 2026 [1] Group 2: Market Exploration - The company is in discussions with clients such as Xpeng to explore opportunities in the humanoid robot components sector [1]

Core Insights - The company Bojun Technology announced that it has secured a project designation from BAIC for the Xiangjie project, expected to commence production in 2026 [1] Group 1 - The main products to be supplied include integrated die-casting rear floor and shock absorber towers [1] - The related products are anticipated to contribute to the company's revenue in the same year of production [1]

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][3] - The company offers a one-stop solution for automotive parts, covering various systems such as steering, power, doors, sunroofs, electronics, interiors, and seating [3] - Bojun has established strategic partnerships with renowned manufacturers like Geely, Changan, BYD, and Magna [3] Group 2: Production Facilities - The company has multiple subsidiaries across China, including Chongqing, Chengdu, and Xi'an, with several established between 2017 and 2025 [3][4] - Current construction progress of factories is on schedule, with completed structures in Chongqing and ongoing developments in Kunshan and Jinhua [4] Group 3: Client Relationships and Revenue Projections - The company has secured a project with BAIC, expected to start production in 2026, supplying integrated die-casting products [4] - Major clients contributing to revenue growth in 2026 include Leap Motor, Xpeng, Geely, and Changan [5] - The top five clients are primarily OEMs, with specific details to be announced in future communications [4] Group 4: Product Supply and Innovations - Current production models supplied to Leap Motor include B01, LAFA5, B10, and C11, while Changan models include S7 and SL03 [5] - The company is collaborating with Shanghai Electric on customized robotics technology, aiming for cost savings and potential entry into humanoid robot components [5] - Key clients for integrated die-casting include Ideal Auto, Geely, and BYD [5]

Investment Rating - The report maintains a "Recommended" rating for the automotive industry [1] Core Insights - The implementation of the China-Europe electric vehicle price commitment mechanism is expected to stabilize sales expectations for Chinese electric vehicles in Europe and promote the high-end and localized transformation of automakers [5][13] - Multiple provinces have opened applications for the 2026 automotive replacement subsidy, indicating a clear path for local governments to implement the policy [14] - Great Wall Motors has launched the "Guiyuan" platform, which is the world's first native AI all-power platform, designed to support various power forms and enhance development efficiency [6][14] - The report expresses a positive outlook for 2026, highlighting opportunities in the high-end upgrade of domestic brands and the acceleration of smart technology penetration [15][16] Summary by Sections Recent Performance - The automotive sector outperformed the Shanghai Composite Index with a 1-week increase of 0.5% from January 12 to January 16, 2026, while the Shanghai Composite Index decreased by 0.4% [17] - The performance of individual stocks varied, with notable increases in companies like Ideal Auto (+2.4%) and declines in others like Li Auto (-3.5%) [17][23] Key Companies and Earnings Forecast - Key companies recommended include: - Jianghuai Automobile - Leap Motor - Great Wall Motors - BYD - SAIC Motor - China National Heavy Duty Truck [7][8] - Earnings per share (EPS) forecasts for selected companies show growth, with Great Wall Motors expected to reach an EPS of 2.03 in 2026 [8] Industry Indicators - In December 2025, automotive production and sales reached 3.296 million and 3.272 million units, respectively, with a year-on-year decrease of 2.1% and 6.2% [42] - New energy vehicles accounted for approximately 52% of total new vehicle sales, indicating a significant market shift towards electrification [42]

Group 1 - On January 20, 2026, Bojun Technology executed a block trade of 65,600 shares, with a transaction value of 2,000,800 yuan, accounting for 0.95% of the total trading volume for the day [1][2] - The transaction price was 30.50 yuan, which represents a discount of 5.13% compared to the market closing price of 32.15 yuan [1][2]

Summary of Conference Call Records Industry Overview - The records pertain to the automotive industry, specifically focusing on heavy trucks, motorcycles, and automotive components. Key Companies and Insights 1. **博俊科技 (BoJun Technology)** - Location: Suzhou Kunshan - Date: January 20 - Core Insight: Focus on stamping parts, with strong performance and low valuation, leading to steady market capitalization growth [1] 2. **伯特利 (Bertley)** - Location: Wuhu - Date: January 20 - Core Insight: Domestic leader in line control braking, with EMB set to lead in production this year and extensive layout in robotics [1] 3. **春风动力 (Chunfeng Power)** - Format: Online meeting via Tencent - Date: January 20 - Core Insight: Anticipation of a significant year for all-terrain vehicles with new product launches; recovery in motorcycle exports and domestic business; continuous growth in extreme core products [1] 4. **瑞鹄模具 (Ruihu Mould)** - Location: Wuhu - Date: January 21 - Core Insight: Domestic equipment business leader, high-quality supplier, successful shipment of collaborative robots [1] 5. **海安集团 (Hai'an Group)** - Location: Fujian Putian - Date: January 22 - Core Insight: Deep ties with major clients like Zijin and Jiangxi Copper, with a gross margin exceeding 45% and a return on equity (ROE) of over 22% [1] 6. **中国重汽A (China National Heavy Duty Truck Group A)** - Format: Online available - Date: January 28 - Core Insight: Focus on international expansion, elimination of National IV standards, and progress in new energy initiatives [1] 7. **中国重汽H (China National Heavy Duty Truck Group H)** - Format: Online available - Date: January 28 - Core Insight: Emphasis on international expansion and high dividends, alongside the elimination of National IV standards and advancements in new energy [2] 8. **潍柴动力 (Weichai Power)** - Location: Weifang - Date: January 29 - Core Insight: Core player in the heavy truck supply chain, benefiting from domestic demand and international expansion; steady revenue and gross margin growth in forklift and supply chain sectors; large displacement engines and SOFC expected to benefit from AI data center demand [2] Additional Important Insights - The records highlight a trend of companies in the automotive sector focusing on international markets and new energy solutions, indicating a shift towards sustainability and global competitiveness. - The emphasis on strong financial metrics such as gross margins and ROE suggests a focus on profitability and operational efficiency within the industry.

上海市通力律师事务所 关于江苏博俊工业科技股份有限公司 2026 年第一次临时股东会的法律意见书 致: 江苏博俊工业科技股份有限公司 上海市通力律师事务所(以下简称"本所")接受江苏博俊工业科技股份有限公司(以下 简称"公司")的委托, 指派本所梁翔蓝律师、周奇律师(以下合称"本所律师")根据《中华 人民共和国公司法》《中华人民共和国证券法》《上市公司股东会规则》等法律法规和规范 性文件(以下统称"法律法规")及《江苏博俊工业科技股份有限公司章程》(以下简称"公 司章程")的规定就公司 2026 年第一次临时股东会(以下简称"本次股东会")相关事宜出具 法律意见。 本所律师已经对公司提供的与本次股东会有关的法律文件及其他文件、资料予以了核 查、验证。在进行核查验证过程中, 公司已向本所保证, 公司提供予本所之文件中的所有签 署、盖章及印章都是真实的, 所有作为正本提交给本所的文件都是真实、准确、完整和有效 的, 且文件材料为副本或复印件的, 其与原件一致和相符。 在本法律意见书中, 本所仅对本次股东会召集和召开的程序、出席本次股东会人员资格 和召集人资格及表决程序、表决结果是否符合法律法规和公司章程的规定发表 ...

2026 年第一次临时股东会决议公告 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、本次股东会未出现否决议案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 江苏博俊工业科技股份有限公司（以下简称"公司"）2026 年第一次临时股 东会通知已于 2025 年 12 月 30 日以公告形式发出，具体内容详见公司在巨潮资 讯网（www.cninfo.com.cn）发布的《2026 年第一次临时股东会通知》（公告编 号：2025-105）。 证券代码：300926 证券简称：博俊科技 公告编号：2026-005 江苏博俊工业科技股份有限公司 股东出席的总体情况： 参加本次股东会投票表决的股东及股东授权委托代表共 132 人，代表公司有 表决权股份数 302,318,641 股，占公司有表决权股份总数的 69.6074％。 （一）会议召开情况 1、现场会议召开日期、时间：2026 年 1 月 19 日（星期一）上午 10:00。 2、网络投票日期、时间：通过深圳证券交易所交易系 ...

Group 1 - The core point of the news is that Bojun Technology's stock closed at 32.61 yuan, with a slight increase of 0.22% on January 19, and it experienced two block trades totaling 266,000 shares worth approximately 8.14 million yuan [1] - The first block trade occurred at a price of 30.60 yuan for 200,000 shares, amounting to 6.12 million yuan, with a discount rate of -6.16%. The buyer was an institutional investor, and the seller was Dongfang Securities Co., Ltd. [1] - The second block trade also took place at 30.60 yuan for 66,000 shares, totaling 2.02 million yuan, with the same discount rate of -6.16%, involving the same buyer and seller as the first trade [1] Group 2 - Over the past three months, Bojun Technology has recorded three block trades with a total transaction value of 15.29 million yuan [1] - In the last five trading days, the stock has seen a cumulative decline of 1.03%, with a net outflow of main funds amounting to 63.58 million yuan [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The Chinese heavy truck market's total sales for 2025 reached 1.145 million units, marking a 27% increase from the previous year [5][13] - The China Automobile Association forecasts total automobile sales in 2026 to be 34.75 million units, a 1% year-on-year growth [15] - The demand for high-end luxury passenger cars in China is exceeding expectations, with a favorable competitive landscape [7] Industry News - Tesla will stop selling Full Self-Driving (FSD) after February 14, transitioning to a monthly subscription model [14] - Shanghai aims to achieve large-scale application of high-level autonomous driving scenarios by 2027 [16] - Great Wall Motors launched the world's first native AI all-power platform "Guiyuan," supporting multiple power systems [17] - Canada has reduced tariffs on Chinese electric vehicles to 6.1%, eliminating the previous 100% additional tax [18] Market Performance - The A-share automotive sector outperformed the market with a weekly increase of 0.71%, ranking 8th among A-share primary industries [25] - The passenger vehicle index decreased by 1.87%, while the commercial vehicle index increased by 5.53% [6] - The automotive parts index rose by 1.26%, with notable gains in the electric control systems and lightweight components [6][35] Investment Recommendations - For passenger vehicles, recommended stocks include JAC Motors and Seres, with beneficiaries being Geely Automobile [7] - In the parts sector, recommended stocks include Desay SV Automotive, Zhejiang Xiantong, and Meili Technology, with beneficiaries being Weichai Power and others [7]