Investment Rating - The report gives a "Strong Buy" rating for the company, marking its first coverage [4]. Core Insights - The company leverages an integrated "end-cloud" architecture and AI to lead in the AIoT full-scenario smart terminal market, addressing the fragmentation challenges in IoT applications [7]. - The overseas business has seen significant growth, with a 25.96% year-on-year increase in overseas revenue in the first half of 2025, indicating improved quality of growth [7]. - The smart sleep terminal business is experiencing explosive growth, projected to increase from 10.08 million yuan in 2023 to 199.00 million yuan in 2024, marking a 1871.25% increase [7]. - The company's financial performance shows strong growth potential, with a 33.95% year-on-year increase in net profit for the first three quarters of 2025 [7]. Financial Data and Valuation - Total revenue is projected to grow from 1,123 million yuan in 2023 to 2,906 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 29% [3]. - Net profit is expected to rise from 174 million yuan in 2023 to 386 million yuan in 2027, reflecting a consistent growth trajectory [3]. - The company’s price-to-earnings (PE) ratio is projected to decrease from 49.6 in 2023 to 22.4 in 2027, indicating improving valuation metrics [3]. Company Overview - The company operates in the core areas of smart sleep, smart vehicle, smart travel, and smart payment, with a focus on integrating communication, positioning, and AI technologies [11][12]. - The company has a strong shareholder structure, with the largest shareholder holding 33.88% of the shares, indicating concentrated ownership [22]. Industry Situation - The global IoT market is expected to grow from $714.48 billion in 2024 to $4,062.34 billion by 2032, indicating robust growth prospects [41]. - The Chinese IoT market has expanded significantly, with a compound annual growth rate exceeding 20% from 2012 to 2023 [41]. - The AIoT solutions market in China is projected to grow from 541 million yuan in 2020 to 1,287 million yuan in 2025, reflecting a strong upward trend [44].

证券日报网讯1月23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20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8160户。 ...

Group 1 - The core point of the news is that Bosijie Technology Co., Ltd. has experienced a decline in stock price, with a 5.08% drop on January 20, bringing the total market value to 8.294 billion yuan and a cumulative decline of 6.18% over three days [1] - Bosijie, founded on June 4, 2009, specializes in the research, design, production, and sales of IoT smart hardware products, including intelligent vehicle terminals, smart travel components, intelligent payment hardware, and wireless communication modules [1] - The revenue composition of Bosijie includes intelligent vehicle terminals (38.80%), smart travel components (28.42%), other smart hardware (23.20%), intelligent payment hardware (4.94%), and wireless communication modules and others (4.62%) [1] Group 2 - Among the top ten circulating shareholders of Bosijie, the Xinda Australia Fund holds a position, having reduced its holdings by 20,100 shares, now owning 601,900 shares, which is 1.51% of the circulating shares [2] - The Xinda Australia New Energy Industry Stock A fund has reported a year-to-date return of 12.17% and a one-year return of 52.81%, ranking 616 out of 5542 and 1150 out of 4235 respectively [2] - The fund manager, Feng Mingyuan, has a tenure of 9 years and 96 days, with the fund's total asset size at 14.842 billion yuan and a best return of 435.8% during his management [2]

证券日报网讯 1月16日，博实结在互动平台回答投资者提问时表示，公司在AI算法尤其是AI视觉算法方 面积累了一定的经验，并将其应用于公司智能交通、智能安防、智慧睡眠等领域。未来，公司将持续深 化该技术的研发投入，重点围绕"AI视觉"核心能力，为不同应用场景提供具有竞争力的"AI端侧"解决方 案。 （编辑 王雪儿） ...

Group 1 - The core viewpoint of the article is that the company has largely achieved domestic substitution for the chips and raw materials used in its wireless communication modules [1] - The company will continue to monitor the development of the "AI edge" industry and will develop corresponding products based on customer demand [1]

Group 1 - The core viewpoint of the article is that Boshi Jie (301608.SZ) has largely achieved domestic substitution for the chips and raw materials used in its wireless communication modules [1] - The company will continue to monitor the development of the "AI edge" industry and will develop corresponding products based on customer demand [1]

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] - It aims to become a global expert in IoT intelligent application solutions, adhering to the mission of "empowering everything with wisdom" [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] Group 2: Business Growth and Strategy - The company is expanding its overseas market for smart vehicle terminals, with a steady increase in overseas customer numbers and successful entry into a foreign automotive brand's supplier system [2] - The commercial vehicle monitoring terminal market is expected to grow due to increasing safety regulations and technological advancements, with a shift towards intelligent video recording devices [2] - The smart travel component business saw significant growth, achieving revenue of CNY 229 million in the first half of 2025, a 39.26% increase year-on-year [3] Group 3: Market Trends and Opportunities - The domestic market for smart sleep terminals is expanding, driven by a growing demand for sleep health solutions, with 26% of people sleeping less than 6 hours and 65% experiencing weekly sleep disturbances [4] - The sleep economy market is expected to continue growing, providing ample opportunities for the company's smart sleep terminal products [4]

Core Viewpoint - The stock of Bosijie has experienced fluctuations, with a recent decline of 2.00%, while showing an overall increase of 8.13% year-to-date, indicating a volatile but upward trend in the stock price [1]. Company Overview - Bosijie Technology Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on June 4, 2009. The company specializes in the research, design, production, and sales of IoT intelligent hardware products, including smart vehicle terminals, smart travel components, smart payment hardware, wireless communication modules, and other intelligent hardware [1]. - The revenue composition of Bosijie includes: smart vehicle terminals (38.80%), smart travel components (28.42%), other intelligent hardware (23.20%), smart payment hardware (4.94%), and wireless communication modules and others (4.62%) [1]. Financial Performance - For the period from January to September 2025, Bosijie achieved a revenue of 1.272 billion yuan, representing a year-on-year growth of 21.66%. The net profit attributable to the parent company was 180 million yuan, reflecting a year-on-year increase of 33.95% [2]. - Since its A-share listing, Bosijie has distributed a total of 131 million yuan in dividends [3]. Shareholder Information - As of January 9, 2025, Bosijie had 8,652 shareholders, a slight decrease of 0.12% from the previous period. The average circulating shares per person increased by 0.12% to 4,615 shares [2]. - The top ten circulating shareholders include new entrants such as Huashang Credit Enhanced Bond A and changes in holdings among existing shareholders, indicating a dynamic shareholder structure [3].

Group 1 - The core point of the news is that Bosijie Technology Co., Ltd. has seen a significant increase in its stock price, rising 5.01% to 103.07 CNY per share, with a total market capitalization of 9.172 billion CNY and a cumulative increase of 8.59% over the past four days [1] - The company, established on June 4, 2009, specializes in the research, design, production, and sales of IoT intelligent hardware products, including smart vehicle terminals, smart travel components, smart payment hardware, and wireless communication modules [1] - The revenue composition of Bosijie includes smart vehicle terminals (38.80%), smart travel components (28.42%), other smart hardware (23.20%), smart payment hardware (4.94%), and wireless communication modules and others (4.62%) [1] Group 2 - Among the top shareholders, the Xinda Australia Fund holds a position in Bosijie, with its fund, Xinao New Energy Industry Stock A, having reduced its holdings by 20,100 shares, now owning 601,900 shares, which is 1.51% of the circulating shares [2] - The fund has achieved a year-to-date return of 6.08% and a one-year return of 51.73%, ranking 2129 out of 5520 and 1391 out of 4203 respectively [2] - The fund manager, Feng Mingyuan, has a tenure of 9 years and 90 days, with the best fund return during his tenure being 410.88% [2]

Core Viewpoint - The stock of Shenzhen Bosijie Technology Co., Ltd. has seen a significant increase, rising 5.01% to 103.07 CNY per share, with a total market capitalization of 9.172 billion CNY, and a cumulative increase of 8.59% over the past four days [1] Company Overview - Shenzhen Bosijie Technology Co., Ltd. was established on June 4, 2009, and is located in Longhua District, Shenzhen, Guangdong Province. The company specializes in the research, design, production, and sales of IoT smart hardware products, including smart vehicle terminals, smart travel components, smart payment hardware, wireless communication modules, and other intelligent hardware [1] - The revenue composition of the company is as follows: smart vehicle terminals 38.80%, smart travel components 28.42%, other smart hardware 23.20%, smart payment hardware 4.94%, and wireless communication modules and others 4.62% [1] Shareholder Insights - Huashang Fund has a presence among the top ten circulating shareholders of Bosijie, with the Huashang Credit Enhanced Bond A (001751) fund newly entering the top ten in Q3, holding 607,500 shares, which is 1.52% of the circulating shares. The estimated floating profit today is approximately 2.9889 million CNY, with a total floating profit of 4.7141 million CNY over the past four days [2] - The Huashang Credit Enhanced Bond A fund was established on September 8, 2015, with a current scale of 9.043 billion CNY. Year-to-date returns are 2.9%, ranking 182 out of 7,054 in its category; the one-year return is 29.85%, ranking 78 out of 6,244; and since inception, the return is 91.4% [2] Fund Manager Performance - The fund manager of Huashang Credit Enhanced Bond A is Li Qian, who has been in the position for 6 years and 23 days. The total asset scale of the fund is 18.087 billion CNY, with the best fund return during his tenure being 202.17% and the worst being -26.69% [3] Fund Holdings - The Huashang Value Sharing Mixed Initiation Fund (630016) also holds Bosijie as one of its top ten positions, with 46,600 shares, accounting for 3.37% of the fund's net value. The estimated floating profit today is about 229,300 CNY, with a total floating profit of 361,600 CNY over the past four days [4] - This fund was established on March 18, 2013, with a current scale of 127 million CNY. Year-to-date returns are 5.45%, ranking 2,528 out of 8,838; the one-year return is 91.59%, ranking 267 out of 8,089; and since inception, the return is 483.61% [4] Additional Fund Manager Information - The fund manager of Huashang Value Sharing Mixed Initiation Fund is Zhang Wenlong, who has been in the position for 2 years and 165 days. The total asset scale of the fund is 1.652 billion CNY, with the best fund return during his tenure being 98.67% and the worst being 37.48% [5]