7月14日晚，博俊科技（300926）发布2025年半年度业绩预告，预计2025年1-6月归属净利润盈利3.41亿 元至3.87亿元，比上年同期增长47%至67%。业绩增长主要因报告期内订单充足，营业收入持续增长， 且新能源汽车行业快速发展，混动、纯电动汽车上量，公司新能源车身模块化产品收入持续攀升。 ...

Core Viewpoint - The performance forecast of A-share automotive parts companies shows a polarized trend, with 38 out of 59 companies expecting positive results, while 21 companies anticipate declines or losses [1] Group 1: Performance Forecasts - Among the 59 automotive parts companies, 20 are expected to see profit growth exceeding 100% [1] - Xiangyang Changyuan Donggu Industrial Co., Ltd. forecasts a net profit of 155 million to 180 million yuan, representing a year-on-year increase of 62.65% to 88.88% [2] - Jiangsu Bojun Industrial Technology Co., Ltd. anticipates a net profit of 341 million to 387 million yuan, with a year-on-year growth of 47% to 67% [2] Group 2: Market Trends and Factors - The growth in the new energy vehicle market is driving order increases and profitability for many automotive parts companies [1][2] - Key factors for sustained order growth include optimizing product structure, enhancing technical capabilities, and expanding into overseas markets [2] Group 3: Industry Challenges - Some automotive parts companies are facing performance pressure due to intensified competition and price wars [3] - The differentiation in performance among automotive parts companies is a natural outcome of the rapid growth of new energy vehicles [3] - Companies under pressure are advised to accelerate transformation, optimize product structures, and focus on cost control to improve profit margins [3]

Core Insights - The company reported a strong performance in Q1 2025, with revenue reaching 1.1 billion yuan, a year-on-year increase of 37.78%, and a net profit of 149 million yuan, up 47.98% [1] - The growth is attributed to the increasing penetration of the domestic electric vehicle market and strong consumer demand, which significantly boosted the sales of the company's modular products for electric vehicles [1] - The company has established long-term stable partnerships with leading brands in the electric vehicle sector, providing a solid foundation for order acquisition and contributing to performance growth [1] Investment and Expansion - Since the beginning of 2025, the company has been increasing its investment in its main business, planning to invest 360 million yuan in a new automotive parts and precision mold production project [2] - The company is also set to invest 1.6 billion yuan in a comprehensive production base project focused on lightweight automotive products and integrated die-casting components [2] - Additionally, a planned investment of 1 billion yuan for a lightweight automotive parts production base will enhance the company's R&D and production capabilities in related fields [2] Strategic Positioning - The series of large-scale investments reflect the company's commitment to deepening its presence in lightweight automotive parts and integrated die-casting sectors [3] - By optimizing capacity layout and integrating quality resources, the company aims to better meet the growing market demand [3] - The company's strong Q1 performance and proactive investment strategy demonstrate its strategic foresight and competitive edge in the automotive parts industry [3]

Group 1: Financial Performance - The company achieved an operating revenue of 4.227 billion RMB in 2024, a year-on-year increase of 62.55% [7] - The net profit attributable to shareholders reached 613 million RMB, up 98.74% compared to the previous year [7] - The net profit after deducting non-recurring gains and losses was 612 million RMB, reflecting a growth of 100.67% year-on-year [7] Group 2: Dividend Distribution - The proposed profit distribution plan for 2024 is to distribute a cash dividend of 1.50 RMB per 10 shares, totaling approximately 62.91 million RMB (including tax) [3][5] - This cash dividend amount represents a year-on-year increase of 50.42% [5] Group 3: Market Position and Client Base - In 2024, the top five customers of the company were all vehicle manufacturers, accounting for 70.85% of total revenue [4] - The company is not a direct supplier to Xiaomi Automotive but supplies some products indirectly through Tier 1 suppliers [3] Group 4: Growth Drivers and Industry Outlook - Future profit growth is expected to be driven by the overall development of the passenger car market, the growth of major downstream customers, and the company's product development and technical capabilities [7] - The automotive parts industry is experiencing a shift towards lightweight materials and integrated designs, which the company is actively researching and implementing [7][8] Group 5: Risk Management - The company faces risks such as fluctuations in raw material prices, market demand changes, and accounts receivable recovery [5] - Measures have been established to address these risks, focusing on enhancing competitive advantages in products, technology, and customer relations [5] Group 6: Operational Efficiency - The accounts receivable turnover rate for 2024 was 3.45 times, an increase of 10.58% year-on-year, indicating improved efficiency [4] - The inventory turnover rate was 3.02 times, up 18.90% from the previous year, reflecting good turnover conditions [4]

博俊科技（300926）公告，2025年1月1日至2025年3月31日，预计归属于上市公司股东的净利润为1.31 亿元-1.61亿元，同比增长30%-60%。归属于上市公司股东的扣除非经常性损益后的净利润为1.26亿 元-1.55亿元，同比增长30%-60%。公司业绩增长主要原因是国内新能源汽车市场渗透率提升，终端消 费需求增长，带动公司新能源车身模块化产品销量增长。全资子公司产能加快释放也对公司业绩产生积 极影响。预计非经常性损益对归属于上市公司股东的净利润的影响金额约为50万元。 ...