BOZHON PRECISION INDUSTRY TECHNOLOGY CO.(SH:688097) 光大证券研究·2025-04-08 09:02Core Viewpoint - The article emphasizes the growth potential of the company in the 3C automation equipment sector, driven by advancements in consumer electronics and the integration of flexible automation solutions with MR devices [3]. Group 1: 3C Automation Equipment - The company is a leading manufacturer in the 3C automation equipment field, with the capability to cover the FATP segment, having successfully delivered over 40 flexible modular production lines in 2023 [3]. - As consumer electronics evolve with AI advancements, the company is positioned to benefit from product innovation and increased automation rates, anticipating expansion into more process segments and other consumer electronic product categories [3]. Group 2: Diversified Business Layout - In the renewable energy sector, the company offers lithium battery specialized equipment, smart charging and swapping station equipment, and automotive automation equipment, with significant orders from major clients like CATL and others [4]. - The semiconductor sector is strategically targeted, with products including die bonding machines and AOI inspection equipment, having secured bulk orders for 400G/800G die bonding machines [4]. - The core components business is managed by a subsidiary, focusing on self-supply and external sales, with applications extending across various industries including 3C, renewable energy, and healthcare [4]. - The low-altitude economy segment, also managed by a subsidiary, is projected to reach a market size of trillions in China, indicating significant growth potential [4].