博俊科技：销量扩大，产能攀升，一季度业绩再创新高

Core Viewpoint - The report highlights that Bojun Technology achieved significant growth in Q1 2025, driven by the rising penetration of the domestic electric vehicle market and the gradual release of production capacity in Changzhou and Chongqing [1][2]. Financial Performance - In Q1 2025, Bojun Technology reported revenue of 1.1 billion yuan, representing a year-on-year increase of 37.78% - The net profit attributable to shareholders reached 149 million yuan, marking a year-on-year growth of 47.98% [1][2]. Industry Context - The automotive industry in China saw production and sales of 7.56 million and 7.47 million vehicles in Q1 2025, reflecting year-on-year growth of 14.5% and 11.2% respectively - New energy vehicle production and sales reached 3.182 million and 3.075 million units, with year-on-year increases of 50.4% and 47.1% [2]. Production Capacity and Expansion - Bojun Technology has expanded its production bases in Jiangsu, Sichuan, Chongqing, Hebei, and Guangdong, covering major automotive industry clusters in China - The acceleration of production capacity release in Changzhou and Chongqing has been a key factor in the company's revenue growth [2]. Strategic Focus - The company is focusing on lightweight, intelligent, and environmentally friendly trends in the automotive industry - Bojun Technology is investing 1 billion yuan to establish a lightweight automotive parts production base in Jinhua, Zhejiang, to enhance its production and supply capabilities in the Yangtze River Delta region [3]. Technological Advancements - The company has adopted advanced manufacturing techniques such as hot forming and integrated die-casting to meet market demands for lightweight vehicles - Bojun Technology's subsidiaries in Changzhou and Chengdu are equipped with state-of-the-art die-casting equipment, contributing to a comprehensive product system that includes precision automotive parts and lightweight components [3].