深圳市博实结科技股份有限公司 关于开展外汇套期保值业务的可行性分析报告 深圳市博实结科技股份有限公司（以下简称"公司"）根据《深圳证券交易 所上市公司自律监管指引第7号——交易与关联交易》、公司《外汇套期保值业 务管理制度》等相关规定，结合公司采购、销售情况及市场汇率等条件，公司及 子公司拟与经监管部门批准、具有外汇套期保值业务经营资质的银行等金融机构 开展外汇套期保值业务。公司及子公司拟进行的外汇业务规模最高额不超过 8,000万美元或其他等量货币，上述额度自董事会审议通过之日起12个月内有效。 在上述额度及有效期限内，资金可循环滚动使用。期限内任一时点的交易金额（含 前述交易的收益进行再交易的相关金额）不得超过已审议额度。 一、开展外汇套期保值业务的目的及必要性 随着公司海外业务的发展，外汇结算需求不断上升，为规避外汇市场风险， 有效防范和控制汇率波动对公司经营业绩的影响，公司及子公司拟与银行等金融 机构开展外汇套期保值业务。 公司及子公司进行外汇套期保值业务遵循稳健原则，不进行单纯以盈利为目 的的外汇投机和套利交易，所有外汇交易业务均以正常生产经营为基础，以具体 经营业务为依托，以规避和防范汇率风险为目 ...

Group 1 - The core business of the company includes the research, design, production, and sales of IoT smart hardware products, such as intelligent vehicle terminals (38.80% of revenue), smart travel components (28.42%), other smart hardware (23.20%), intelligent payment hardware (4.94%), and wireless communication modules (4.62%) [2] - As of February 13, the number of shareholders of the company increased by 3.20% to 8,225, while the average circulating shares per person decreased by 3.10% to 4,855 shares [2] - For the period from January to September 2025, the company achieved operating revenue of 1.272 billion yuan, representing a year-on-year growth of 21.66%, and a net profit attributable to shareholders of 180 million yuan, with a year-on-year increase of 33.95% [2] Group 2 - The company has distributed a total of 131 million yuan in dividends since its A-share listing [3] - As of September 30, 2025, the top ten circulating shareholders include new shareholder Huashang Credit Enhanced Bond A, holding 607,500 shares, while other funds have exited the top ten list [3] - The financing balance of the company reached 106 million yuan, accounting for 2.50% of the circulating market value, indicating a high level compared to the past year [1]

Investment Rating - The industry investment rating is "Positive" and maintained [12] Core Insights - The communication sector saw a 2.35% increase in the 6th-7th week of 2026, ranking 6th among primary industries in the Yangtze River region; since the beginning of 2026, it has risen by 0.44%, ranking 27th [2][6] - Tower's silicon photonics revenue doubled, with a high demand for 1.6T, and capacity expansion plans have been adjusted with prepayments secured; silicon photonics modules continue to penetrate the market [2][10] - Vertiv's orders and backlog reached new highs, with a shipment-to-order ratio rising to 2.9 times [2][10] - ByteDance's Seedance 2.0 has industry-leading generation availability, while Google's Gemini 3.1 Pro tops the charts, and Anthropic's annual revenue is growing rapidly at $14 billion [2][10] - OpenAI's cumulative computing expenditure is expected to exceed $600 billion by 2030, with an upward revision of revenue forecasts [2][10] Summary by Sections Market Performance - In the 6th-7th week of 2026, the communication sector increased by 2.35%, ranking 6th among primary industries; since the start of 2026, it has risen by 0.44%, ranking 27th [2][6] - Among companies with a market capitalization above 8 billion, the top three gainers this week were Dawei Technology (+39.4%), Shengke Communication (+31.7%), and Shenling Environment (+29.6%); the top three decliners were Tongyu Communication (-11.7%), Dingtong Technology (-9.7%), and Xinke Mobile (-9.3%) [6] Company Highlights - **Tower**: In Q4 2025, revenue reached $440 million, a year-on-year increase of 13.7%, with GAAP net profit of $80 million, up 45.3%. The company expects silicon photonics revenue to reach $228 million in 2025, doubling from 2024, and has raised its capacity target from 3 times to over 5 times the Q4 2025 shipment [7] - **Vertiv**: In Q4 2025, revenue was $2.88 billion, a year-on-year increase of 22.7%, with GAAP net profit of $450 million, up 203.1%. The company reported a significant increase in organic orders, with a year-on-year growth of 252% [7] AI Model Developments - On February 12, ByteDance launched Seedance 2.0, achieving industry-leading performance in complex scenarios with a high generation availability rate [8] - Anthropic completed a $30 billion Series G financing round with a post-money valuation of $380 billion, reporting an annual revenue of approximately $14 billion [8] - On February 19, Google released Gemini 3.1 Pro, which ranked first in AI analysis, showing significant improvements in reasoning capabilities [8] Future Projections - OpenAI updated its financial outlook, projecting cumulative computing-related expenditures to exceed $600 billion by 2030, with training costs expected to rise significantly in 2025 and 2026 [9]

证券日报网讯2月25日，博实结（301608）在互动平台回答投资者提问时表示，截至2026年2月13日收市 后，公司合并普通账户和融资融券信用账户的股东人数为8225户。 ...

（文章来源：证券日报） 证券日报网讯 2月24日，博实结在互动平台回答投资者提问时表示，截至2026年2月10日收市后，公司 合并普通账户和融资融券信用账户的股东人数为7970户。 ...

证券代码：301608 证券简称：博实结 公告编号：2026-001 深圳市博实结科技股份有限公司 关于开立募集资金现金管理专用结算账户并 签署募集资金四方监管协议的公告 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、误导性陈述或重大遗漏。 深圳市博实结科技股份有限公司（以下简称"公司"）于2025年9月12日召 开第二届董事会第十一次会议，审议通过了《关于使用部分闲置募集资金进行现 金管理的议案》，同意公司及子公司在确保不影响募集资金投资项目（以下简称 "募投项目"）建设的情况下，使用不超过人民币7.00亿元（含本数）暂时闲置 的募集资金进行现金管理，使用期限自董事会审议通过之日起12个月内有效，在 上述额度及期限范围内，资金可循环滚动使用。具体内容详见公司披露于巨潮资 讯网（www.cninfo.com.cn）的《关于使用部分闲置募集资金进行现金管理的公 告》（公告编号：2025-035）。 近日，公司子公司惠州市博实结科技有限公司（以下简称"惠州博实结"） 开立了募集资金现金管理专用结算账户，用于对暂时闲置募集资金实施现金管理。 为规范公司募集资金的使用与管理，保护投资者的合 ...

Group 1 - The company has established long-term stable partnerships with clients such as Qinjue (a subsidiary of Didi Chuxing), Hello Chuxing, Meituan Bike, and Ninebot [2] - The market position achieved in the smart mobility component sector is beneficial for the company to continuously expand its mid-to-high-end customer base in the "two-wheeler" industry [2]

证券日报网讯2月4日，博实结（301608）在互动平台回答投资者提问时表示，截至2026年1月30日收市 后，公司合并普通账户和融资融券信用账户的股东人数为8351户。 ...

Group 1 - The core viewpoint of the article is that 博实结 (301608.SZ) focuses on the smart vehicle terminal market, specifically targeting the automotive "aftermarket" [1] - The company's smart vehicle terminals can be applied to various types of commercial vehicles and passenger cars [1]

Core Insights - The company focuses on providing intelligent product solutions based on customer functional needs, which is central to its business development strategy [1] - Since its establishment, the company has expanded from a single business of commercial vehicle monitoring terminals to multiple sectors including smart transportation, smart travel, smart sleep, and mobile payment [1] - The company's ability to diversify across fields is rooted in its accumulated experience in underlying technologies such as communication, positioning, storage, and AI [1] Business Model - The company has developed a business model characterized by "module base + AI-driven + cloud services + smart terminals," addressing the highly fragmented nature of the IoT industry [1] - It emphasizes "standardized development + scenario customization" to provide competitive terminal solutions for various IoT applications, focusing on core capabilities in "AI vision" [1] Product Deployment - Currently, the company has product deployments in over ten scenarios including smart campuses, smart cities, smart sports, and smart offices, with representative products such as electronic student IDs, smart wearable watches, and portable mistake printers [1] - Revenue from other smart hardware is steadily increasing, indicating a positive growth trajectory in these areas [1] Future Outlook - The company plans to leverage its core technologies in "communication + positioning + AI" and its business model to actively seek business opportunities in the domestic and international "AI edge" market, aiming for long-term stable development [1]