Core Insights - The stock price of Boshi Jie fell by 2.01% on September 29, closing at 94.30 CNY per share, with a total market capitalization of 8.392 billion CNY [1] - The company has seen a year-to-date stock price increase of 39.63%, but has experienced a decline of 1.02% over the last five trading days and 3.14% over the last twenty days [1] Financial Performance - For the first half of 2025, Boshi Jie reported a revenue of 805 million CNY, representing a year-on-year growth of 20.17%, and a net profit attributable to shareholders of 108 million CNY, up 19.07% year-on-year [2] - The company has distributed a total of 131 million CNY in dividends since its A-share listing [3] Shareholder Structure - As of June 30, 2025, the top ten circulating shareholders include new entrants such as Xin'ao New Energy Industry Stock A and Guangfa Small and Medium Cap Selected Mixed A, indicating a shift in shareholder composition [3] - The number of shareholders increased by 0.76% to 8,229, while the average circulating shares per person decreased by 0.75% to 4,853 shares [2] Business Overview - Boshi Jie, established on June 4, 2009, specializes in the research, design, production, and sales of IoT smart hardware products, with a focus on intelligent vehicle terminals and smart travel components [2] - The company's revenue composition includes intelligent vehicle terminals (38.80%), smart travel components (28.42%), and other smart hardware (23.20%) [2] Market Activity - The stock has appeared on the trading leaderboard four times this year, with the most recent instance on February 28, where it recorded a net purchase of 52.66 million CNY [1] - The trading volume on September 29 was 109 million CNY, with a turnover rate of 2.86% [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] Group 2: Financial Performance - 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, up by 0.81% [2] - For the first half of 2025, the revenue reached CNY 805 million, reflecting a 20.17% increase year-on-year, with a net profit of CNY 108 million, an increase of 19.07% [2] Group 3: Product Offerings - The smart vehicle terminal products are categorized into commercial vehicle monitoring terminals and passenger vehicle positioning terminals, featuring functions like intelligent recognition, remote monitoring, and GPS/Beidou positioning [2][3] - The commercial vehicle monitoring terminals are being upgraded to include advanced features such as HD video recording and driver assistance [3] Group 4: Market Strategy - The company is focusing on expanding its market share in Africa, Southeast Asia, and West Asia, while targeting developed regions like Europe and North America for long-term growth [3] - It has entered the qualified supplier list for an overseas automotive brand, enhancing its presence in the overseas vehicle market [3] Group 5: Competitive Advantages - The company’s core competitive advantages include expertise in communication, positioning, and AI algorithms, which address industry pain points [4] - A vertically integrated supply chain comprising modules, terminals, and platforms reduces R&D risks and enhances product competitiveness [4] - Continuous investment in R&D aims to optimize the underlying technology architecture of smart vehicle terminals, improving product stability and adaptability for overseas markets [4]

证券代码：301608 证券简称：博实结 深圳市博实结科技股份有限公司 投资者关系活动记录表 编号：2025-031 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 □新闻发布会 □现场参观 □业绩说明会 □路演活动 ☑ 其他：腾讯会议 参与单位名称 银华基金 时间 2025 年 9 月 17 日 地点 线上会议 上市公司接待人 员姓名 副总经理、董事会秘书 向碧琼女士 证券事务代表 王占超先生 投资者关系活动 主要内容介绍 一、基本情况介绍 公司是专业从事物联网智能化产品的研发、生产和销售的高 新技术企业、专精特新"小巨人"企业，以通信、定位、AI等技 术应用为核心，基于自研无线通信模组，为物联网众多应用场景 提供智能终端产品及配套解决方案。 公司始终秉承"智慧赋能万物，共创美好未来"的使命，坚 持"成就客户、创新驱动、博大务实、品质至上"的经营理念， 依托"通信+定位+AI"底层核心技术与"模组+平台+终端"业务 模式，深耕车联网，广泛布局物联网，致力于成为全球的物联网 智能化应用解决方案专家。 2024 年度，公司实现营业收入 14.02 亿元，较上年同期增 加 24.85%，实现归属于 ...

Core Viewpoint - The stock of Shenzhen Boshi Technology Co., Ltd. has shown significant growth in 2023, with a year-to-date increase of 44.39% and a recent market capitalization of 8.678 billion yuan [1][2]. Company Overview - Shenzhen Boshi 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 intelligent vehicle terminals, smart travel components, intelligent payment hardware, and wireless communication modules [2]. - The revenue composition of the company is as follows: 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%) [2]. Financial Performance - For the first half of 2025, the company achieved an operating income of 805 million yuan, representing a year-on-year growth of 20.17%. The net profit attributable to the parent company was 108 million yuan, with a year-on-year increase of 19.07% [2]. - Since its A-share listing, the company has distributed a total of 131 million yuan in dividends [3]. Shareholder Structure - As of June 30, 2025, the top ten circulating shareholders include new entrants such as Xin'ao New Energy Industry Stock A (holding 622,000 shares) and Guangfa Small and Medium Cap Selected Mixed A (holding 372,600 shares) [3]. - The number of shareholders increased by 2.34% to 8,167, while the average circulating shares per person decreased by 2.29% to 4,890 shares [2].

Group 1 - The core viewpoint of the news highlights the financial performance and stock trading activities of Bosijie Technology Co., Ltd. as of September 11, 2023, indicating a stable trading environment with significant financing activities [1] - As of September 11, 2023, Bosijie had a financing balance of 111 million yuan, accounting for 2.65% of its market capitalization, which is above the 70th percentile of the past year [1] - The company reported a revenue of 805 million yuan for the first half of 2025, representing a year-on-year growth of 20.17%, and a net profit of 108 million yuan, with a growth of 19.07% [2] Group 2 - The company has distributed a total of 131 million yuan in dividends since its A-share listing [3] - As of June 30, 2025, the number of shareholders decreased by 5.79% to 7,980, while the average circulating shares per person increased by 6.14% to 5,004 shares [2] - New institutional shareholders include Xin'ao New Energy Industry Stock A, which is the largest shareholder with 622,000 shares, and several other funds that have entered the top ten shareholders list [3]

Group 1 - The core viewpoint of the news highlights the stock performance and financial metrics of Shenzhen Boshi Jie Technology Co., Ltd., indicating a significant increase in stock price and trading volume [1][2] - As of September 11, the stock price of Boshi Jie rose by 2.11% to 97.70 CNY per share, with a total market capitalization of 8.694 billion CNY [1] - Year-to-date, Boshi Jie’s stock price has increased by 44.66%, with notable gains of 14.88% over the last five trading days and 18.63% over the last 20 days [1] Group 2 - Boshi Jie, established on June 4, 2009, specializes in the research, design, production, and sales of IoT smart hardware products, including intelligent vehicle terminals and smart travel components [2] - The company’s revenue composition 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 (4.62%) [2] - As of August 29, the number of shareholders decreased by 5.79% to 7,980, while the average circulating shares per person increased by 6.14% to 5,004 shares [2] Group 3 - For the first half of 2025, Boshi Jie reported a revenue of 805 million CNY, reflecting a year-on-year growth of 20.17%, and a net profit attributable to shareholders of 108 million CNY, up by 19.07% [2] - Since its A-share listing, Boshi Jie has distributed a total of 131 million CNY in dividends [3] - As of June 30, 2025, the largest circulating shareholder is Xin'ao New Energy Industry Stock A, holding 622,000 shares, with several new institutional shareholders entering the top ten list [3]

Group 1 - The core viewpoint of the news is that 博实结 (Bosijie) has shown significant financial performance with a notable increase in revenue and net profit, alongside high financing and margin trading activity [1][2][3] - As of September 3, 博实结's financing balance reached 112 million yuan, accounting for 2.78% of its market capitalization, indicating a high level of financing activity compared to the past year [1] - The company reported a revenue of 805 million yuan for the first half of 2025, representing a year-on-year growth of 20.17%, and a net profit of 108 million yuan, which is a 19.07% increase year-on-year [2] Group 2 - 博实结's main business segments include intelligent vehicle terminals (38.80%), smart travel components (28.42%), and other smart hardware (23.20%), indicating a diversified product portfolio [1] - The number of shareholders decreased by 14.15% to 8,470 as of August 20, while the average circulating shares per person increased by 16.48% to 4,715 [2] - Since its A-share listing, 博实结 has distributed a total of 131 million yuan in dividends [3]

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].

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]

Group 1 - The core business of the company includes smart vehicle terminals (39.04%), smart travel components (24.81%), smart sleep terminals (14.17%), other smart hardware (10.16%), smart payment hardware (6.10%), and wireless communication modules (5.71%) [2] - As of August 8, the number of shareholders of the company reached 9,866, an increase of 4.19% compared to the previous period, with an average of 4,047 circulating shares per person, which is an increase of 115.31% [2] - For the first quarter of 2025, the company achieved operating revenue of 348 million yuan, a year-on-year increase of 40.28%, and a net profit attributable to the parent company of 40.30 million yuan, a year-on-year increase of 14.42% [2] Group 2 - As of August 22, the company's financing balance was 99.05 million yuan, accounting for 2.48% of the circulating market value, which is above the 50th percentile level over the past year, indicating a high level [1] - On August 22, the company had a financing buy-in amount of 18.14 million yuan and a net financing buy-in of 1.31 million yuan [1] - The company has distributed a total of 86.06 million yuan in dividends since its A-share listing [3]