Company Overview - Bojun Technology (SZ 300926) announced its fifth board meeting on November 10, 2025, discussing the election of members for the Compensation and Assessment Committee [1] - As of the report, Bojun Technology has a market capitalization of 14.4 billion yuan [1] Revenue Composition - For the year 2024, Bojun Technology's revenue composition is as follows: 93.47% from the automotive industry and 6.53% from non-automotive sectors [1]

Core Viewpoint - The company plans to establish an automotive parts production base in Hangzhou with a total investment of 1 billion yuan [1] Group 1: Project Details - The project will be developed by the company's wholly-owned subsidiary, Zhejiang Bojun Industrial Technology Co., Ltd. [1] - The production base will cover an area of approximately 83 acres and aims to achieve an annual production capacity of 24 million sets of automotive body parts upon reaching full production [1] - Construction is scheduled to commence within six months from the date of land transfer and is expected to pass completion acceptance within 36 months from the start of construction [1]

证券代码：300926 证券简称：博俊科技 公告编号：2025-092 江苏博俊工业科技股份有限公司 关于对外投资建设博俊科技汽车零部件生产基地项目的公告 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。 特别风险提示： 1、本次投资项目具有一定的建设周期，存在可能面临宏观经济、行业政策、 市场环境变化及经营管理等风险影响，导致投资后项目不能实现预期收益的风险。 2、本次投资项目尚需提交政府相关主管部门批准或备案，存在实施进度未达 预期的风险。 3、本次投资项目资金来源主要为自筹资金，存在可能导致公司现金流减少相 关财务风险。 4、本次投资项目的具体建设计划、建设内容及规模可能根据外部政策环境变 化、公司业务发展需要等情况作相应调整。 一、对外投资概述 为加快公司汽车零部件业务发展，持续促进产能分布的区域优化，以更好地 配套客户需求，整合优质资源，扩大公司的影响力，提升公司的综合竞争力，公 司全资子公司浙江博俊工业科技有限公司拟与杭州前进智造园管理办公室签署 《博俊科技汽车零部件生产基地项目合作协议书》，计划在杭州市钱塘区 ...

证券代码：300926 证券简称：博俊科技 公告编号：2025-093 江苏博俊工业科技股份有限公司 2025 年 11 月 10 日 1 / 2 附件：李文信先生简历 李文信先生，1969年出生，中国国籍，无境外永久居留权，大专学历。1990 年9月至1993年6月任安徽工贸五金厂计划员；1993年6月至1995年1月任惠信精 密部件（中国）有限公司模具班长；1995年1月至1997年6月任安特（惠州）工 业有限公司生产部经理；1997年6月至2006年12月历任上海安特精密机械有限公 司模具部经理、生产部经理；2006年12月至2013年4月任博俊部件副总经理；2013 年4月至2015年11月任博俊科技副总经理；2015年12月至2025年9月任博俊科技 董事、副总经理、模具事业部总经理；2025年9月至今任博俊科技职工代表董事。 截至本公告披露日，李文信先生未直接持有公司股份，通过上海嘉恒睿俊 企业管理咨询中心（有限合伙）间接持有公司股票534,533股（占公司股份总数 的0.1231%）。与持有公司5%以上股份的股东、其他董事和高级管理人员不存 在关联关系。李文信先生未受过中国证监会及其他有关部门的 ...

证券代码：300926 证券简称：博俊科技 公告编号：2025-091 江苏博俊工业科技股份有限公司 一、董事会会议召开情况 江苏博俊工业科技股份有限公司（以下简称"公司"）第五届董事会第十九次 会议于 2025 年 11 月 10 日在公司五楼会议室以现场及通讯会议的方式召开。 会议通知已于 2025 年 11 月 4 日以书面、电话方式送达各位董事。本次会议 由董事长伍亚林先生召集并主持，会议应出席董事 7 人，实际出席董事 7 人。 公司全体高级管理人员列席了本次会议。会议的通知、召集、召开和表决程序符 合《中华人民共和国公司法》《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》《公司章 程》等有关规定。 二、董事会会议审议情况 经与会董事认真审议，形成如下决议： 1、审议通过关于对外投资建设博俊科技汽车零部件生产基地项目的议案 第五届董事会第十九次会议决议公告 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。 1 / 2 与考核委员会委员的公告》。 表决结果 ...

江苏博俊工业科技股份有限公司 关于参与投资股权基金的进展公告 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 证券代码：300926 证券简称：博俊科技 公告编号：2025-090 | 3 | 江苏太平洋精锻科技股 份有限公司（上市公 | 有限合伙人 | 2,160 | 19.9907 | | --- | --- | --- | --- | --- | | | 司） | | | | | 4 | 爱玛科技集团股份有限 公司（上市公司） | 有限合伙人 | 3,240 | 29.9861 | | 5 | 共青城青鸾创业投资合 伙企业（有限合伙） | 有限合伙人 | 4,860 | 44.9792 | | | 合计 | | 10,805 | 100 | 倚樟望潮基金完成在中国证券投资基金业协会备案，基本信息如下： 基金名称 共青城倚樟望潮创业投资合伙企业（有限合伙） 基金备案编码 SBJQ24 管理人名称 厦门纵横金鼎私募基金管理有限公司 托管人名称 上海浦东发展银行股份有限公司 备案日期 2025年11月0 ...

Core Viewpoint - The announcement from Bojun Technology (300926) highlights the company's strong performance in Q3 2025, with significant revenue and profit growth, driven by increased orders from major automotive clients and expansion of production capacity [1][9]. Group 1: Client Structure and Revenue Growth - In Q3 2025, the top five clients of the company were all major automotive manufacturers, with a narrowing difference in sales revenue contribution among them [2]. - Key revenue growth drivers included significant increases in orders from Xpeng Motors, Geely, and new model production from Seres, as well as expansion into new product categories for BYD and Leap Motor [3]. Group 2: Production Capacity Expansion - The company has completed the construction of several new facilities, including the second phase in Changzhou and a new plant in Guangdong, focusing on hot-formed parts and integrated die-casting components [4]. - Future expansions include the third phase in Changzhou, expected to be completed by Q3 2026, and a precision parts and mold production project in Kunshan, anticipated to be operational by Q4 2026 [4]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 4.075 billion yuan, a year-on-year increase of 42.36%, and a net profit of 627 million yuan, up 70.47% [9]. - In Q3 alone, the company achieved a revenue of 1.563 billion yuan, reflecting a 37.21% year-on-year growth, with a net profit of 274 million yuan, marking a 102.11% increase [9]. Group 4: Cash Flow and Investment Strategy - The company has experienced negative operating cash flow due to significant investments in new factories and projects, but expects improvement as new facilities stabilize operations [6]. - The company evaluates potential expansions into other industries, such as robotics, based on business development and client needs [7][8].

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 provides a one-stop automotive parts solution, covering various systems such as steering, power, doors, sunroofs, electronics, interiors, and seating [3] Client Relationships - Established strategic partnerships with renowned manufacturers including Geely, Changan, BYD, and Magna [3] - The top five clients are all major manufacturers, with sales revenue concentration decreasing in Q3 [4] Production Capacity and Expansion - New production capacities include: - Changzhou Bojun Phase II, producing hot-formed and integrated die-casting parts, completed and operational [4] - Guangdong Bojun, producing body parts, completed and operational [4] - Changzhou Bojun Phase III, expected to be completed in Q3 2026, focusing on body parts and integrated die-casting [4] - Kunshan automotive parts and precision molds project, expected completion in Q4 2026 [4] - Jinhua Bojun, expected completion in Q3 2026, focusing on body parts and integrated die-casting [4] Financial Performance - The company reported negative operating cash flow due to significant investments in new factories and projects, leading to increased material and personnel costs [5] - Q3 operating cash flow improved by over 70 million compared to Q2, with expectations for continued improvement as new projects stabilize [5] Market Expansion - The company is exploring opportunities in other industries, such as robotics, while focusing on its core business [5] - Plans to expand product categories based on client needs and market demand [5]

Group 1: China Petroleum - In Q3 2025, the company reported a 14% increase in net profit attributable to shareholders, demonstrating resilience in the oil and gas sector [4][5] - The company achieved a total revenue of 21,693 billion yuan in the first three quarters of 2025, a year-on-year decrease of 3.9%, with a net profit of 1,263 billion yuan, down 4.9% year-on-year [4][5] - Capital expenditures for 2025 are budgeted at 262.2 billion yuan, focusing on exploration and development in key basins and upgrading refining and chemical projects [6][7] Group 2: Shanghai Film - The company reported a revenue of 361 million yuan in Q3 2025, a year-on-year increase of 101.6%, with a net profit of 86 million yuan, up 123.51% year-on-year [10][11] - The success of the film "Wang Wang Mountain Little Monster" significantly contributed to the revenue growth, with a box office exceeding 1.7 billion yuan [11][13] - The company is actively developing its IP business, with multiple upcoming projects expected to enhance future growth [11][13] Group 3: Foton Motor - Foton Motor's revenue for the first three quarters of 2025 reached 45.45 billion yuan, a year-on-year increase of 27.1%, with a net profit of 1.11 billion yuan, up 157.5% year-on-year [15][16] - The company achieved a market share of 12.6% in heavy truck wholesale, the highest in 10 years, with significant growth in both domestic and export sales [16][17] - The annualized ROE improved to the highest level since 2013, reflecting enhanced profitability and cash flow quality [18][19] Group 4: Bojun Technology - Bojun Technology reported a revenue of 4.075 billion yuan in the first three quarters of 2025, a year-on-year increase of 42.36%, with a net profit of 627 million yuan, up 70.47% year-on-year [20][21] - The company is expanding its production capacity and has established multiple subsidiaries across key regions, enhancing its operational efficiency [22][23] - The human-robot business is steadily advancing, with ongoing collaborations in intelligent robotics [22][23] Group 5: Dingyang Technology - Dingyang Technology achieved a revenue of 431 million yuan in the first three quarters of 2025, a year-on-year increase of 21.67%, with a net profit of 111 million yuan, up 21.49% year-on-year [24][25] - The company is focusing on high-end product development, with significant growth in high-end product sales [25][26] - The overall gross margin remains high at 61.13%, reflecting effective cost management and product pricing strategies [26] Group 6: KEBODA - KEBODA reported a revenue of approximately 17.33 billion yuan in Q3 2025, a year-on-year increase of 11.76%, with a net profit of about 2.18 billion yuan [27][28] - The company is expanding its global presence, with overseas revenue growth outpacing domestic markets [28][29] - KEBODA's acquisition of intelligent technology is expected to enhance its product offerings and market competitiveness [29][30] Group 7: Desay SV - Desay SV reported a revenue of approximately 76.92 billion yuan in Q3 2025, a year-on-year increase of 5.63%, with a net profit of about 5.65 billion yuan [31][32] - The company is focusing on expanding its product structure and optimizing customer relationships to mitigate short-term performance pressures [32][33] - Desay SV is actively exploring new business areas, including smart transportation and autonomous delivery [33][34] Group 8: Aishide - Aishide reported a revenue of 393.75 billion yuan in the first three quarters of 2025, a year-on-year decrease of 31.47%, with a net profit of 33.7 million yuan [35][36] - The company is undergoing a strategic adjustment to focus on high-margin core businesses, showing signs of operational improvement [36][37] - Aishide is establishing an industry fund to invest in emerging technologies, enhancing its growth potential [38][39]

Core Insights - The company reported strong financial performance in Q3 2025, with total revenue increasing by 42.4% year-on-year to 4.07 billion yuan and net profit attributable to shareholders rising by 70.5% to 630 million yuan [1] - In Q3 2025, revenue grew by 37.2% year-on-year and 10.7% quarter-on-quarter to 1.56 billion yuan, while net profit surged by 102.1% year-on-year and 35.1% quarter-on-quarter to 270 million yuan [1] Financial Performance - Gross margin improved, with a year-on-year increase of 0.6 percentage points to 27.0% for the first three quarters of 2025; Q3 2025 gross margin rose by 4.8 percentage points year-on-year and 4.2 percentage points quarter-on-quarter to 29.4% [2] - The expense ratio for sales, management, and R&D decreased by 0.9 percentage points year-on-year to 6.3% for the first three quarters of 2025; in Q3 2025, the expense ratio was down by 1.0 percentage points year-on-year to 6.2% [2] Competitive Advantages - The company has established strong customer relationships with leading domestic new energy vehicle manufacturers, expanding its client base to include brands like Li Auto, Seres, Geely, BYD, and new clients such as Leap Motor and Xpeng [3] - As of Q3 2025, the company’s construction projects increased by 92% year-on-year to 767 million yuan, indicating accelerated capacity expansion to meet customer demand [3] - The company has made significant advancements in technology, including comprehensive bodywork processes and integrated die-casting solutions, which are expected to enhance both volume and pricing [3] Future Outlook - The company maintains a "Buy" rating, with upward revisions to net profit forecasts for 2025, 2026, and 2027 by 14%, 24%, and 38% respectively, projecting net profits of 920 million, 1.16 billion, and 1.39 billion yuan [4]