Company Overview - Full Name: Shenzhen Bosijie Technology Co., Ltd [1] - Abbreviation: Bosijie [1] - Stock Code: 301608.SZ [1] - IPO Application Date: May 19, 2022 [1] - Listing Date: August 1, 2024 [1] - Listing Board: Shenzhen ChiNext [1] - Industry: Computer, Communication, and Other Electronic Equipment Manufacturing [1] - IPO Sponsor: Minsheng Securities [1] - Lead Underwriters: Wang Ke, Xie Ke [1] - IPO Legal Advisor: Beijing Zhonglun Law Firm [1] - IPO Audit Firm: Dahua Certified Public Accountants (Special General Partnership) [1] Regulatory and Performance Summary - Disclosure Requirements: The company was asked to clarify its compliance with ChiNext positioning and the basis for not treating certain share transfers as share payments [1] - Regulatory Penalties: No penalties were imposed [1] - Public Supervision: No deductions [1] - Listing Cycle: The average listing cycle for A-share companies in 2024 is 629.45 days, while Bosijie's cycle is 805 days, exceeding the average [1] - Multiple Applications: The company is not classified as having multiple applications, resulting in no deductions [1] Financial Metrics - Underwriting and Sponsorship Fees: 72.1942 million yuan, with a commission rate of 7.29%, lower than the average of 7.71% [1] - First Day Performance: Stock price increased by 111.24% on the first day of listing [1] - Three-Month Performance: Stock price increased by 39.38% over the first three months [1] - Issuance Price-Earnings Ratio: 23.98 times, which is 72.27% of the industry average of 33.18 times [1] - Actual Fundraising: Expected to raise 2.616 billion yuan, but actual fundraising was 990 million yuan, a decrease of 62.15% [1] Post-Listing Performance - Revenue Growth: In 2024, the company's revenue increased by 24.85% year-on-year [1] - Net Profit Growth: The net profit attributable to shareholders increased by 0.81% year-on-year [1] - Non-Recurring Profit Decline: The non-recurring net profit attributable to shareholders decreased by 2.49% year-on-year [1] - Abandonment Rate: 0.47% [1] Overall Assessment - Total Score: Bosijie's IPO project received a total score of 84, classified as Grade B [1] - Negative Factors Impacting Score: Disclosure quality needs improvement, listing cycle exceeded two years, significant reduction in actual fundraising, decline in non-recurring net profit in the first accounting year, and abandonment rate [1]

Company Overview - Full Name: Shenzhen Bosijie Technology Co., Ltd [1] - Abbreviation: Bosijie [1] - Stock Code: 301608.SZ [1] - IPO Application Date: May 19, 2022 [1] - Listing Date: August 1, 2024 [1] - Listing Board: Shenzhen ChiNext [1] - Industry: Computer, Communication, and Other Electronic Equipment Manufacturing [1] - IPO Sponsor: Minsheng Securities [1] - Lead Underwriters: Wang Ke, Xie Ke [1] - IPO Legal Advisor: Zhonglun Law Firm [1] - IPO Audit Firm: Dahua Certified Public Accountants [1] Performance Evaluation - Disclosure Quality: The company was required to clarify whether it meets the ChiNext positioning and whether the share transfer constitutes share payment, with concerns about the sufficiency of the basis provided [1] - Regulatory Penalties: No deductions [2] - Public Supervision: No deductions [2] - Listing Cycle: The average time from application to listing for A-share companies in 2024 is 629.45 days, while Bosijie's listing cycle is 805 days, exceeding the average [2] - Multiple Applications: Not applicable, no deductions [2] Financial Metrics - Issuance Costs: The underwriting and sponsorship fees amount to 72.1942 million yuan, with a commission rate of 7.29%, lower than the overall average of 7.71% [3] - Initial Listing Performance: The stock price on the first day increased by 111.24% compared to the issue price [4] - Three-Month Performance: The stock price rose by 39.38% compared to the issue price within three months of listing [5] - Issuance Price-Earnings Ratio: The issuance P/E ratio is 23.98 times, which is 72.27% of the industry average of 33.18 times [6] - Actual Fundraising Ratio: Expected fundraising is 2.616 billion yuan, while actual fundraising is 990 million yuan, representing a decrease of 62.15% [7] Short-Term Performance Post-Listing - Revenue Growth: In 2024, the company's operating income increased by 24.85% year-on-year [8] - Net Profit Growth: The net profit attributable to the parent company increased by 0.81% year-on-year [8] - Non-Recurring Net Profit: The non-recurring net profit attributable to the parent company decreased by 2.49% year-on-year [8] - Abandonment Rate: The abandonment rate is 0.47% [8] Overall Score - Total Score: The total score for Bosijie's IPO project is 84 points, classified as Grade B [8] - Negative Factors: The negative factors affecting the score include the need for improved disclosure quality, a listing cycle exceeding two years, significant reduction in actual fundraising, a decrease in non-recurring net profit in the first accounting year, and an abandonment rate of 0.47% [8]

Core Viewpoint - The company has demonstrated strong revenue and profit growth in the first half of 2025, driven by successful overseas business strategies and product innovation [1][2][4]. Financial Performance - In H1 2025, the company achieved revenue of 805 million yuan, a year-on-year increase of 20.17%, and a net profit attributable to shareholders of 108 million yuan, up 19.07% [1]. - In Q2 2025, the company reported revenue of 457 million yuan, reflecting an 8.36% year-on-year growth, with a net profit of 67 million yuan, which is a 22.03% increase compared to the previous year [1]. Business Development - The company's overseas business strategy has begun to yield results, with steady revenue growth from smart vehicle terminals and smart sleep terminals in international markets [2]. - Revenue from smart travel components has significantly increased due to enhanced supply shares from key clients and notable growth in products like smart helmet locks, smart dashboards, and smart electronic control systems [2]. - The company is expanding its product applications, with steady growth in revenue from other smart hardware, including smart sleep terminals [2]. Technological Advancements - The company has accumulated extensive experience in the application of technologies such as communication, positioning, storage, and AI algorithms over years of development [3]. - It has developed products like passenger car positioning terminals and vehicle driving recorders, continuously upgrading them in line with advancements in communication standards and storage speeds [3]. - The company is actively expanding its product boundaries by leveraging its experience in communication and positioning technologies to develop smart travel components, smart payment hardware, and smart sleep terminals [3]. Market Position and Future Outlook - The company has established a comprehensive IoT solution system based on "modules + platforms + terminals," enhancing its hardware and software capabilities [4]. - With the acceleration of smart sleep terminals and overseas business, the company is expected to experience new growth trajectories [4]. - The higher gross margin from overseas business is anticipated to improve the overall gross margin of the company [4]. - Projections for net profit attributable to shareholders from 2025 to 2027 are 230 million yuan, 304 million yuan, and 402 million yuan, with corresponding year-on-year growth rates of 31%, 32%, and 32% [4].

证券代码：301608 证券简称：博实结 公告编号：2025-033 深圳市博实结科技股份有限公司 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"）2025 年5月14日召开的2024年年度股东大会已同意授权董事会在满足现金分红条件的 情况下，在法律法规和《公司章程》规定范围内制定2025年中期分红方案，并办 理2025年度中期分红相关事宜。公司2025年半年度权益分派方案已获2025年8月 一、股东会授权及董事会审议通过利润分配方案的情况 授权董事会在满足现金分红条件的情况下，在法律法规和《公司章程》规定范围 内制定 2025 年中期分红方案，并办理 2025 年度中期分红相关事宜。授权期限自 于 2025 年半年度利润分配方案的议案》。公司 2025 年半年度利润分配方案为： 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 5.0568 元（含 税），合计派发现金红利 45,000,463.20 元（含税），不送红股，不进行资本公 积金转增股本。若在本公告披露之日起 ...

证券代码：301608 证券简称：博实结 公告编号：2025-033 深圳市博实结科技股份有限公司 2025 年半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"）2025 年5月14日召开的2024年年度股东大会已同意授权董事会在满足现金分红条件的 情况下，在法律法规和《公司章程》规定范围内制定2025年中期分红方案，并办 理2025年度中期分红相关事宜。公司2025年半年度权益分派方案已获2025年8月 26日召开的第二届董事会第十次会议审议通过，现将权益分派事宜公告如下： 一、股东会授权及董事会审议通过利润分配方案的情况 1、公司于 2025 年 5 月 14 日召开 2024 年年度股东大会，审议通过了《关于 2024 年度利润分配预案及授权董事会制定 2025 年中期分红方案的议案》，同意 授权董事会在满足现金分红条件的情况下，在法律法规和《公司章程》规定范围 内制定 2025 年中期分红方案，并办理 2025 年度中期分红相关事宜。授权期限自 2024 年年度股东大会 ...

报告显示，公司持续优化在智能交通、智慧出行、智能支付及智能睡眠等领域的市场布局。特别是在智 能睡眠领域，公司推出的AI睡眠床罩产品凭借创新科技与卓越性能获得市场广泛认可。该产品集成智 能监测、数据分析与个性化调节功能，可实时监测用户的心率、呼吸频率、体动等关键指标，通过AI 算法分析睡眠习惯与健康状况，为用户提供个性化睡眠建议。 未来，随着AI睡眠床罩等创新产品的持续推出和市场认可度的不断提升，博实结有望在智能硬件领域 取得更大突破，为投资者创造更多价值。 博实结（301608）近日发布2025年半年度报告，公司上半年实现营业收入8.05亿元，同比增长20.17%； 归属于上市公司股东的净利润1.08亿元，同比增长19.07%，业绩保持稳健增长态势。其中，智能健康睡 眠领域的创新产品AI睡眠床罩表现突出，成为公司新的业务增长点。 在市场拓展方面，公司通过线上线下（300959）相结合的销售模式，积极拓展销售渠道，提升品牌影响 力。同时，加强与上下游企业合作，共同推动智能睡眠生态建设。这些举措不仅提升了公司的市场份 额，也为创新产品的推广奠定了坚实基础。 公司高度重视技术创新，上半年研发投入4701.67万元， ...

Group 1: Company Overview - The company specializes in the research, production, and sales of IoT intelligent products, focusing on communication, positioning, and AI technologies [2] - 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% [2] - In the first half of 2025, the company reported a revenue of CNY 805 million, up 20.17% year-on-year, and a net profit of CNY 108 million, an increase of 19.07% [2] Group 2: Performance Insights - The net profit for Q1 2025 was CNY 40.3 million, a 14.42% increase year-on-year, while the net profit for the first half of 2025 was CNY 108 million, reflecting a 19.07% increase [2][3] - Key growth drivers include the success of overseas business strategies, increased market share from key clients, and the expansion of application scenarios for products [3] Group 3: Future Growth Strategies - The company plans to enhance overseas revenue through the standardization of intelligent vehicle terminal products [3][4] - Future growth will also focus on product innovation and diversification, particularly in the smart sleep terminal and intelligent vehicle terminal sectors [3][4] - The company aims to leverage its core technologies in communication, positioning, and AI to drive product innovation and application expansion [3][4] Group 4: Product Performance - The smart sleep terminal, which focuses on health and sleep quality, is expected to see steady revenue growth due to increased product variety and expanding sales regions [6] - Other intelligent hardware, including smart wearables and security cameras, generated CNY 187 million in revenue in the first half of 2025, a 20.86% increase year-on-year [7] Group 5: Market Trends and Regulations - The implementation of the "Electric Bicycle Safety Technical Specification" (GB17761-2024) on September 1, 2025, is anticipated to positively impact the company's business by promoting smart features in electric bicycles [6]

Core Insights - The company reported a total revenue of 805 million yuan for the first half of 2025, with a net profit attributable to shareholders of 108 million yuan [1] - Operating cash flow decreased by 7.66 million yuan compared to the same period last year, reflecting an 11.06% decline [1] - The company's current debt-to-asset ratio stands at 19.62% [1] Financial Performance - The latest gross profit margin is 23.00%, ranking 59th among disclosed peers, down by 1.29 percentage points year-on-year [1] - Return on equity (ROE) is reported at 5.16%, a decrease of 3.09 percentage points compared to the same period last year [1] - The diluted earnings per share (EPS) is 1.21 yuan, down by 0.15 yuan or 10.94% year-on-year [1] Efficiency Metrics - The total asset turnover ratio is 0.32 times, a decline of 0.16 times or 32.96% year-on-year [1] - The inventory turnover ratio is 3.14 times, down by 0.32 times or 9.15% compared to the same period last year [1] Shareholder Information - The number of shareholders is 8,023, with the top ten shareholders holding 70.19 million shares, accounting for 78.87% of the total share capital [1]

民生证券股份有限公司 关于深圳市博实结科技股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐人名称：民生证券股份有限公司 | 被保荐公司简称：博实结 | | --- | --- | | 保荐代表人：汪柯 | 联系电话：0755-22662000 | | 保荐代表人：谢柯 | 联系电话：0755-22662000 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 无 | | 2、督导公司建立健全并有效执行规章制度的情 | | | 况 | | | （1）是否督导公司建立健全规章制度（包括但 不限于防止关联方占用公司资源的制度、募集资 | 是 | | 金管理制度、内控制度、内部审计制度、关联交 | | | 易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3、募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 每月一次 | | （2）公司募集资金项目进展是否与信息披露文 | 是 | | 件一致 | | | ...

证券代码：301608 证券简称：博实结 公告编号：2025-029 深圳市博实结科技股份有限公司 2025 年半年度募集资金存放、管理与使用情况的专项报告 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。 根据《上市公司募集资金监管规则》《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》及《深圳证券交易所创业板上市公司自律监管指南第 2 号——公告格式：第 21 号上市公司募集资金年度存放、管理与使用情况的专项报告格 式》等有关规定，深圳市博实结科技股份有限公司（以下简称"公司"）对 2025 年半 年度募集资金存放、管理与使用情况专项说明如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 经中国证券监督管理委员会《关于同意深圳市博实结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[2023]2745 号）同意注册，公司于 2024 年 7 月向社会 公开发行人民币普通股（A 股）2,225.27 万股，每股发行价为 44.50 元，应募集资金总 额为人民币 990,245,150.00 元，根据有关规定扣除发 ...