中信建投证券股份有限公司 深圳市博硕科技股份有限公司 关于部分募集资金投资项目延期的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"） 作为深圳市博硕科技股份有限公司（以下简称"博硕科技"或"公司"）持续督 导的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司募集资金监 管规则》《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》等法规的有关规定，等法规的 有关规定，对博硕科技部分募集资金投资项目延期事项进行了审慎核查，核查情 况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意深圳市博硕科技股份有限公司首次公 开发行股票注册的批复》（证监许可[2021]356 号）同意注册，公司向社会公众 公开发行 A 股股票 2,000 万股，每股面值为人民币 1.00 元，发行价为人民币 75.18 元/股，共计募集资金人民币 150,360.00 万元，扣除发行费用后，公司本次募集 资金净额为人民币 139,003.60 万元。募集资金已于 2021 年 2 月 23 日划至公司指 定账户。2021 年 2 月 ...

数据显示，金鹰基金旗下1只基金位居博硕科技十大流通股东。金鹰科技创新股票A（001167）二季度 新进十大流通股东，持有股数54.47万股，占流通股的比例为0.36%。根据测算，今日浮盈赚取约105.67 万元。 金鹰科技创新股票A（001167）成立日期2015年4月30日，最新规模31.9亿。今年以来收益30.3%，同类 排名826/4222；近一年收益77.32%，同类排名533/3795；成立以来收益134.42%。 金鹰科技创新股票A（001167）基金经理为陈颖。 9月5日，博硕科技涨5.17%，截至发稿，报39.47元/股，成交1.32亿元，换手率2.28%，总市值66.76亿 元。 资料显示，深圳市博硕科技股份有限公司位于广东省深圳市龙岗区宝龙街道同乐社区水田路26号，成立 日期2016年8月26日，上市日期2021年2月26日，公司主营业务涉及电子产品功能性器件的设计、研发、 生产和销售。主营业务收入构成为：精密功能件76.07%，智能自动化装备22.85%，其他1.08%。 从博硕科技十大流通股东角度 截至发稿，陈颖累计任职时间10年90天，现任基金资产总规模86.62亿元，任职期间最佳基 ...

证券代码：300951 证券简称：博硕科技 公告编号：2025-062 | 股东名称 | 减持方式 | | 减持期间 | | | | 减持均价 | 减持股数 | 减持比例 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2025 | 年 8 | 月 | 27 | 日 | | | | | 周丹 | 集中竞价 | | | | | | 元/股 41.08 | 股 11,300 | 0.0067% | | | | -2025 | 年 9 月 | | 1 | 日 | | | | 注：上述减持股份的来源为公司 2022 年股票期权与限制性股票激励计划获得的且已解 除限售的股份（含因资本公积转增股本而相应增加的股份）。 高级管理人员周丹女士保证向公司提供的信息内容真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏。 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。 深圳市博硕科技股份有限公司（以下简称"公司"）于 2025 年 7 月 23 日披露 了《关于董事、高级管理人员减持股份的预披露公告》（公告编号：2 ...

Market Overview - On September 1, the consumer electronics sector rose by 1.53%, with Zhishang Technology leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in Consumer Electronics - Zhishang Technology (301486) closed at 104.13, up 14.90% with a trading volume of 180,700 shares [1] - Jingyan Technology (300709) closed at 57.71, up 9.20% with a trading volume of 259,500 shares [1] - Boshuo Technology (300951) closed at 43.15, up 8.69% with a trading volume of 137,300 shares [1] - Yunzhu Technology (688260) closed at 34.82, up 6.84% with a trading volume of 152,500 shares [1] - Jingxing Technology (300256) closed at 4.99, up 5.72% with a trading volume of 1,931,400 shares [1] Top Losers in Consumer Electronics - Mengsheng Electronics (838701) closed at 22.53, down 5.73% with a trading volume of 55,900 shares [2] - Yidong Electronics (301123) closed at 46.10, down 3.84% with a trading volume of 175,500 shares [2] - Suzhou Tianmai (301626) closed at 146.00, down 3.38% with a trading volume of 19,600 shares [2] Capital Flow Analysis - On the same day, the consumer electronics sector experienced a net outflow of 2.519 billion yuan from institutional investors, while retail investors saw a net inflow of 2.572 billion yuan [2][3] - The top stocks with significant net inflows from retail investors included Lansi Technology (300433) and Xiechuang Data (300857) [3] Individual Stock Capital Flow - Lansi Technology (300433) had a net inflow of 2.92 billion yuan from institutional investors, while retail investors had a net outflow of 1.48 billion yuan [3] - Xiechuang Data (300857) saw a net inflow of 1.45 billion yuan from institutional investors, with retail investors experiencing a net outflow of 636.39 million yuan [3] - Victory Precision (002426) had a net inflow of 1.40 billion yuan from institutional investors, while retail investors faced a net outflow of 1.31 billion yuan [3]

融资方面，博硕科技当日融资买入4025.30万元。当前融资余额1.46亿元，占流通市值的2.13%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，博硕科技8月26日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量1400.00股，融券余额5.67万元，低于近一年20%分位水平，处于低位。 8月26日，博硕科技涨2.48%，成交额3.50亿元。两融数据显示，当日博硕科技获融资买入额4025.30万 元，融资偿还4405.42万元，融资净买入-380.12万元。截至8月26日，博硕科技融资融券余额合计1.46亿 元。 截至8月20日，博硕科技股东户数1.73万，较上期增加21.47%；人均流通股8735股，较上期减少 17.68%。2025年1月-6月，博硕科技实现营业收入5.91亿元，同比增长9.03%；归母净利润9752.03万元， 同比增长0.61%。 分红方面，博硕科技A股上市后累计派现5.92亿元。近三年，累计派现3.72亿元。 机构持仓方面，截止2025年6月30日，博硕科技十大流通股东中，金鹰科技创新股票A（001167）位居 第五大流通股东，持股 ...

Core Viewpoint - 博硕科技 reported a revenue increase of 9.03% year-on-year for the first half of 2025, with a net profit growth of 0.61%, indicating stable financial performance despite challenges in cash flow and receivables management [1][5]. Financial Performance - The total revenue for the first half of 2025 reached 5.91 billion yuan, compared to 5.42 billion yuan in the same period of 2024, reflecting a growth of 9.03% [1]. - The net profit attributable to shareholders was 975.20 million yuan, slightly up from 969.28 million yuan in 2024, marking a growth of 0.61% [1]. - The gross profit margin improved to 35.59%, an increase of 1.5% year-on-year, while the net profit margin decreased to 16.31%, down by 4.74% [1]. - The company reported a significant decrease in operating cash flow per share, which fell by 52.16% to 0.47 yuan [1]. Receivables and Cash Flow - The accounts receivable amounted to 4.65 billion yuan, down 11.08% from the previous year, but still represented 219.95% of the net profit, indicating a high level of receivables relative to profit [1][4]. - The net cash flow from operating activities decreased by 52.15%, attributed to a reduction in cash received from customers compared to the previous year [3]. Strategic Developments - The company has been actively expanding its overseas customer base and enhancing cooperation with high-quality clients, particularly in the smart wearable sector, which has seen significant revenue growth [5]. - The strategic adjustment in the smart automation equipment business is ongoing, with a focus on optical and R/VR fields, contributing to sales revenue [5]. Investment Metrics - The return on invested capital (ROIC) for the previous year was reported at 7.78%, indicating average capital returns, with a historical median ROIC of 34.5% since the company went public [4]. - Analysts project the company's performance for 2025 to reach 2.67 billion yuan in revenue, with an average earnings per share estimate of 1.58 yuan [4].

Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 590.68 million yuan, a year-on-year increase of 9.03% [1] - The net profit attributable to shareholders was 97.52 million yuan, reflecting a slight growth of 0.61% compared to the previous year [1] Group 2: Business Development - The company is actively expanding its overseas customer base and deepening cooperation with high-quality clients, leading to significant revenue growth in precision functional components within the smart wearable sector [1] - The establishment of Jiangxi Blue Ocean Chip New Materials Co., Ltd. aims to integrate strategic resources and focus on the research, production, and sales of optical new materials [2] Group 3: Future Growth Directions - The company is investing in the AR/VR sector, collaborating with domestic and international clients on the development of equipment and optical films, with some products already generating sales revenue [2] - Future growth is expected to come from precision functional components and smart automation equipment, primarily used in consumer electronics and new energy/automotive sectors, with established partnerships in AR/VR and low-altitude economy drone markets [2]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company reported a revenue of 591 million yuan for H1 2025, representing a year-on-year increase of 9.03%, and a net profit attributable to shareholders of 98 million yuan, up 0.61% year-on-year [2] - In Q2 2025, the company achieved a quarterly revenue of 321 million yuan, reflecting a year-on-year growth of 6.74% and a quarter-on-quarter increase of 18.63%, with a net profit of 45.26 million yuan, up 21.99% year-on-year [2] - The company focuses on consumer electronics, automotive/new energy sectors, and is developing new fields such as AR/VR and low-altitude economy [3] - The company’s products include precision functional components and intelligent automation equipment, widely used in smartphones, smart wearables, smart home devices, smart cockpits, power batteries, and energy storage batteries [3] - The gross margin for H1 2025 was 35.59%, slightly up from 35.06% in the same period last year, attributed to a focus on high-value-added product lines in AR/VR, optics, and semiconductors [3] - R&D expenses for H1 2025 were 48.86 million yuan, an increase of 2.66% year-on-year, with 7 patents published internationally and 384 patents obtained domestically [3] Financial Forecasts and Valuation - The company is expected to achieve net profits of 267 million yuan, 313 million yuan, and 374 million yuan for the years 2025, 2026, and 2027 respectively, with year-on-year growth rates of 26.50%, 17.19%, and 19.38% [4] - The corresponding price-to-earnings (PE) ratios are projected to be 25, 21, and 18 times for the years 2025, 2026, and 2027 [4]

公司摊薄每股收益为0.58元，较去年同报告期摊薄每股收益增加0.01元，同比较去年同期上涨1.75%。 公司最新总资产周转率为0.20次，较去年同期总资产周转率增加0.03次，同比较去年同期上涨15.79%。最新存货周转率为3.10次。 公司股东户数为1.46万户，前十大股东持股数量为1.20亿股，占总股本比例为70.51%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 江苏摩锐投资有限公司 | 37.9 | | 2 | 宿迁市鸿德轩投资合伙企业(有限合伙) | 16.3 | | ന | 徐慰通 | 14.1: | | 4 | 大家人寿保险股份有限公司-万能产品 | 0.72 | | 5 | 中国工商银行股份有限公司-金鹰科技创新股票型证券投资基金 | 0.32 | | 6 | 北京银行股份有限公司-鹏华双债加利债券型证券投资基金 | 0.28 | | 7 | 中国农业银行股份有限公司-鹏华可转债债券型证券投资基金 | 0.27 | | 8 | 北京市(装号)职业年金计划-建设银行 | 0.22 | | 9 | 鞠文军 | 0.17 | | ...

Summary of Key Points Core Viewpoint - 博硕科技 has reported a decrease in institutional ownership in its A-shares, with a total of 8 institutional investors holding 95.29 million shares, representing 56.22% of the total share capital, which is a decline of 0.53 percentage points from the previous quarter [1] Institutional Investors - The total number of institutional investors holding 博硕科技 A-shares is 8, with a combined holding of 95.29 million shares, accounting for 56.22% of the total share capital [1] - The institutional investors include notable entities such as 江苏摩锐投资有限公司, 大家人寿保险股份有限公司, and 中国工商银行股份有限公司 among others [1] - The institutional holding percentage has decreased by 0.53 percentage points compared to the last quarter [1] Public Funds - In the current period, 3 new public funds have disclosed holdings in 博硕科技, including 金鹰科技创新股票A and 鹏华双债加利债券A [1] - 2 public funds that were previously disclosed have not reported in this period, namely 博道远航混合A and 博道成长智航股票A [1] Social Security Funds - One social security fund, 汇添富基金管理股份有限公司-社保基金1802组合, has not disclosed holdings in this period compared to the previous quarter [1] Foreign Investment - One foreign fund, 香港中央结算有限公司, has reduced its holdings, with a decrease of 0.32% compared to the previous quarter [2]