Group 1: Company Overview - The company specializes in the research, production, and sales of IoT intelligent products, recognized as a high-tech enterprise and a "specialized and innovative" small giant [1] - In 2024, the company achieved a revenue of CNY 1.402 billion, a year-on-year increase of 24.85%, and a net profit of CNY 176 million, an increase of 0.81% [1] - In Q1 2025, the company reported a revenue of CNY 348 million, a year-on-year increase of 40.28%, and a net profit of CNY 40 million, an increase of 14.42% [2] Group 2: Business Growth Areas - In the commercial vehicle monitoring sector, the company anticipates growth driven by the transition to intelligent video driving recorders, supported by regional policies [2] - The company has obtained product certifications in Europe, the USA, and Saudi Arabia, aiming to expand into these markets [2] - In the passenger vehicle positioning sector, the company plans to enhance overseas revenue while maintaining domestic stability [2] Group 3: Product Development and Innovation - The company is focusing on expanding its product categories in smart sleep terminals to increase revenue [3] - The introduction of the "Electric Bicycle Safety Technical Specification" is expected to positively impact the company's smart bicycle business [3] - The company is committed to diversifying its product strategy through continuous innovation and application scenario expansion [3] Group 4: Financial Insights - The revenue growth in 2024 and Q1 2025 is attributed to the success of overseas business strategies and increased market share from key clients [4] - The slower growth in net profit compared to revenue is due to the rising proportion of fast-growing segments like smart sleep terminals and increased expenses from expanding overseas operations [4] Group 5: Future Capacity Planning - The company is actively advancing fundraising projects to meet the demands of business expansion, with completion expected by 2026 [4]

Group 1: Company Overview - The company specializes in the research, production, and sales of IoT intelligent products, focusing on communication, positioning, and AI technologies [1] - In 2024, the company achieved a revenue of CNY 1.402 billion, a year-on-year increase of 24.85%, and a net profit of CNY 176 million, an increase of 0.81% [1] - In Q1 2025, the company reported a revenue of CNY 348 million, a year-on-year increase of 40.28%, and a net profit of CNY 40 million, an increase of 14.42% [2] Group 2: Future Development Strategy - "Going global" is a key development strategy for the company, with overseas business expansion being an important revenue growth point [2] - Key product lines for overseas expansion include smart vehicle terminals, smart sleep terminals, and smart payment hardware [2] - The company aims to enhance its influence in the mobile payment market in Southeast Asia while expanding its product offerings based on overseas customer needs [2] Group 3: Product Focus and Market Strategy - The company’s commercial vehicle monitoring terminals include vehicle-mounted driving recorders and smart video driving recorders, targeting heavy-duty trucks, ride-hailing services, and urban public transport [3] - The passenger vehicle positioning terminals are designed based on GPS/Beidou technology, focusing on applications in automotive finance, cargo tracking, vehicle management, and insurance claims [3] - The company has established long-term stable partnerships with vehicle operation service providers in both domestic and overseas markets, gaining a competitive advantage in the smart transportation aftermarket [3]

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage [6][19]. Core Viewpoints - The integration of AI and IoT is creating a world of interconnected devices, with the potential to generate more IoT application scenarios and higher-value hardware products. The company leverages its understanding of the fragmented IoT industry to expand into new markets while solidifying its presence in established ones [4][11][17]. - The company's revenue reached a historical high of 1.402 billion yuan in 2024, representing a year-on-year growth of 24.85%. New business segments, particularly smart sleep terminals and smart travel components, contributed significantly to this growth [12][19]. - The company is positioned to benefit from the growing demand for AI-driven IoT solutions, with a focus on enhancing its product matrix and expanding into high-value services [20][69]. Summary by Sections Company Overview - The company is a leading domestic IoT terminal manufacturer with a diverse product matrix covering smart transportation, smart travel, smart payment, and smart sleep [11][30]. - The company has successfully transitioned from a focus on vehicle networking to a broader IoT ecosystem, demonstrating its ability to capture new market opportunities [24][25]. AI and IoT Integration - The report highlights the accelerating development of the AIoT industry, driven by advancements in AI technologies like DeepSeek, which enhance service experiences and create new market demands [13][46]. - The global IoT market is projected to grow significantly, with the number of connected devices expected to reach 29.7 billion by 2027, reflecting a compound annual growth rate of approximately 16% [41][42]. Financial Performance - The company achieved a revenue of 1.402 billion yuan in 2024, with a notable increase in contributions from innovative business lines such as smart sleep terminals, which generated 199 million yuan, accounting for 14.17% of total revenue [12][19]. - The company's net profit is projected to grow significantly, with estimates of 227 million yuan in 2025, reflecting a year-on-year growth of 29.06% [19][20]. Market Opportunities - The implementation of the eCall system in China is expected to create substantial market opportunities, as the policy is set to enhance vehicle safety and emergency response capabilities [14][58]. - The company is actively expanding its overseas market presence, with a reported revenue of 327 million yuan from international sales in 2024, marking a 399.37% increase from previous years [31][34].

Group 1: Company Overview - The company specializes in the research, production, and sales of IoT intelligent products, focusing on communication, positioning, and AI technologies [1] - In 2024, the company achieved a revenue of CNY 1.402 billion, a year-on-year increase of 24.85%, and a net profit of CNY 176 million, an increase of 0.81% [1] - In Q1 2025, the company reported a revenue of CNY 348 million, a 40.28% increase year-on-year, and a net profit of CNY 40 million, up 14.42% [2] Group 2: Product Development and Technology - The company continuously launches new products based on core technologies such as communication, positioning, and AI, which serve as the foundation for expanding into various IoT application scenarios [2][3] - The company has developed a modular and standardized cloud management platform to meet diverse industry needs, enhancing product performance and reducing production costs [3] - In 2024, revenue from other smart hardware reached CNY 142 million, a growth of 21.70% compared to 2023 [3] Group 3: Product Applications - The company offers over twenty types of IoT products, including electronic student ID cards, smart wearable watches, portable mistake printers, and smart security cameras, currently in market development and incubation stages [4] - The electronic student ID card focuses on "safe campus" applications, providing features like student tracking and SOS alerts [5] - The smart wearable watch targets "elderly care" and "safe campus" scenarios, boasting a battery life of over 12 days on a single charge [5] Group 4: Market Impact and Risks - The company’s smart vehicle terminal products are primarily sold in Africa, Southeast Asia, and West Asia, while smart payment hardware is mainly distributed in Southeast Asia [5] - Changes in U.S. tariff policies have minimal impact on the company, as the customer bears the costs associated with tariffs under the EXW delivery model [5] - The company advises investors to make rational decisions and be aware of investment risks related to industry forecasts and strategic planning [5]

Group 1: Company Overview - The company specializes in the research, production, and sales of IoT intelligent products, focusing on communication, positioning, and AI technologies [1] - In 2024, the company achieved a revenue of CNY 1.402 billion, a year-on-year increase of 24.85%, and a net profit of CNY 176 million, an increase of 0.81% [1] - In Q1 2025, the company reported a revenue of CNY 348 million, a year-on-year increase of 40.28%, and a net profit of CNY 40 million, an increase of 14.42% [2] Group 2: Product Development and Innovation - The company has localized the deployment of the Deepseek large language model and Tongyi Qianwen video analysis model, enhancing user experience through intelligent customer service and automated processing of AI warning events [2] - The company offers over 20 types of IoT products, including electronic student ID cards, smart wearable watches, portable error printing machines, and smart security cameras, with a 21.70% revenue growth in other smart hardware compared to 2023 [3] - The smart sleep terminal, which monitors key physiological indicators and adjusts temperature based on user needs, is developed using the ODM model, with a focus on product innovation and diversification for steady revenue growth [4] Group 3: Financial Management and Sales Strategy - The company maintains a robust financial status by prioritizing risk prevention, employing a differentiated sales strategy that includes upfront payment for small to medium-sized clients and credit terms for large clients [4] - The overseas market expansion is a key strategy for improving operational performance, with smart vehicle terminal products sold in Africa and certifications obtained in Europe, the US, and Saudi Arabia [4]

Group 1: Company Overview - The company specializes in the research, development, production, and sales of IoT intelligent products, recognized as a high-tech enterprise and a "specialized, refined, distinctive, and innovative" small giant [1] - The core technologies include communication, positioning, and AI, providing intelligent terminal products and solutions for various IoT applications [1] - The mission is to empower everything with intelligence and create a better future, focusing on customer success, innovation, pragmatism, and quality [1] Group 2: Financial Performance - In 2024, the company achieved a revenue of 1.402 billion yuan, an increase of 24.85% year-on-year, and a net profit of 176 million yuan, up by 0.81% [2] - In Q1 2025, the revenue reached 348 million yuan, marking a 40.28% increase year-on-year, with a net profit of 40 million yuan, up by 14.42% [2] Group 3: Growth Drivers - In the commercial vehicle monitoring sector, there is a trend towards upgrading to intelligent video driving recorders, replacing traditional models lacking video capabilities [3] - The company has obtained product certifications in Europe, the USA, and Saudi Arabia, targeting these regions for business expansion [3] - In the passenger vehicle positioning sector, the company aims to increase its market share overseas while exploring new applications for asset positioning products [3] Group 4: Product Development - The smart sleep sector will see an expansion in product variety, enhancing market competitiveness through innovation [4] - In 2024, other smart hardware generated a revenue of 142 million yuan, reflecting a growth of 21.70% compared to 2023, showcasing the success of the company's diversification strategy [4]

Group 1 - The shared bicycle concept sector declined by 1.55%, ranking among the top declines in concept sectors, with major declines seen in companies like Xinlong Health, Zhejiang Wenlian, and Boshi Jie [1] - Among the shared bicycle sector, only four stocks saw price increases, with Keli Yuan, Shanghai Phoenix, and Hemei Group leading the gains at 2.05%, 1.81%, and 0.98% respectively [1] - The shared bicycle sector experienced a net outflow of 383 million yuan from main funds today, with Zhejiang Wenlian seeing the largest outflow of 265 million yuan [2] Group 2 - The top gainers in today's concept sectors included graphite electrodes at 2.57%, recombinant proteins at 2.52%, and gold concepts at 2.06%, while the shared bicycle sector was among the top decliners [2] - The main funds saw significant outflows from several companies in the shared bicycle sector, with Xinlong Health and Zhongbei Communication also experiencing notable outflows of 60.86 million yuan and 38.73 million yuan respectively [2] - The top inflows in the shared bicycle sector were seen in Keli Yuan and Aima Technology, with net inflows of 15.89 million yuan and 4.88 million yuan respectively [2]

Core Viewpoint - The company, Shenzhen Bosijie Technology Co., Ltd., is experiencing significant growth and interest from major institutional investors, highlighting its potential in the market [1]. Financial Performance - In Q1 2025, the company reported a revenue of 348 million yuan, representing a year-on-year increase of 40.28% - The net profit attributable to shareholders reached 40.3 million yuan, up 14.42% year-on-year [1]. International Expansion - The company has seen a staggering 399.37% year-on-year increase in overseas revenue, with rapid growth in smart vehicle terminals in regions like Africa and Southeast Asia, and smart sleep terminal products gaining traction in Europe and the U.S. - The company has established a dedicated R&D and marketing division for overseas markets, emphasizing its "going global" strategy [1][3]. Technological Integration - The company leverages core technologies such as communication, positioning, and AI algorithms to create a matrix of products and platforms across various fields, including smart transportation and smart sleep [2]. - Its competitive edge lies in the "module + terminal + platform" vertical integration capability and a divisional management structure, enabling rapid product development and reduced R&D risks [2]. Market Focus and Product Development - The company is focusing on three main areas: deepening its overseas market presence, driving product upgrades through technological iterations, and exploring new application scenarios [3]. - The smart vehicle terminal is actively pursuing product certifications in the EU and Americas, while the smart sleep terminal adopts an EXW model for delivery [3]. Strategic Path - The company aims to solidify its domestic market in vehicle networking while targeting growth in the incremental markets of Europe, the Middle East, and beyond, using its "module + platform + terminal" model to expand into smart wearables and smart education [3]. - With advancements in 5G communication and high-precision positioning technologies, the company is positioned to thrive in the fragmented IoT market [3].

证券代码：301608 证券简称：博实结 公告编号：2025-018 深圳市博实结科技股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或者重大遗漏。 深圳市博实结科技股份有限公司（以下简称"公司"或"本公司"）2024年 年度权益分派方案已获2025年5月14日召开的2024年年度股东大会审议通过，现 将权益分派事宜公告如下： 一、股东大会审议通过利润分配预案等情况 1、公司 2024 年年度股东大会审议通过的 2024 年年度利润分配预案为：拟 以总股本 88,990,000 股为基数，向全体股东每 10 股派发现金红利 3.3712 元（含 税），合计派发现金红利 30,000,308.80 元（含税），不送红股，不进行资本公 积金转增股本。如在本公告披露日至本次预案实施前，公司总股本因股权激励归 属、股份回购注销等致使公司总股本发生变动的，则以实施分配方案股权登记日 时享有利润分配权的股份总额为基数，按照分配比例固定不变的原则对现金分红 总额进行调整。 2、自上述利润分配预案披露至实施期间，公司股本总额未发生变化。 3、 ...

北京市中伦（深圳）律师事务所 关于深圳市博实结科技股份有限公司 2024年年度股东大会的 法律意见书 二〇二五年五月 北京市中伦（深圳）律师事务所 关于深圳市博实结科技股份有限公司 2024 年年度股东大会的 法律意见书 致：深圳市博实结科技股份有限公司 北京市中伦（深圳）律师事务所（以下简称"本所"）受深圳市博实结科技 股份有限公司（以下简称"公司"）委托，指派孔维维律师、梁恒瑜律师出席并 见证公司 2024 年年度股东大会（以下简称"本次股东大会"），并依据《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》（以下 简称"《股东会规则》"）以及《深圳市博实结科技股份有限公司章程》（以下 简称"《公司章程》"）等有关规定，就本次股东大会的召集、召开程序、出席 现场会议人员的资格、召集人资格、会议表决程序及表决结果等事项出具本法律 意见书。 本所律师仅依据本法律意见书出具之前所发生的事实，并基于对该等事实的 认识以及对相关法律、法规以及《公司章程》的理解出具本法律意见书。本法律 意见书不涉及本次股东大会议案内容以及此间所涉及事实的真实性、准确性。 本所律师同意将本法律意见书作为本次股东大会 ...