博众精工在互动平台表示，公司推出的全自动高精度共晶机-星威EF8621、EH9721等已经在光通讯领域 的头部企业形成批量销售，并出口至海外，用于目前主流的400G、800G光模块贴合场景，其所具备的 核心技术，如高精度拾取贴合系统、高效共晶加热系统、wafer 供料系统等均达国际先进水平，同时公 司针对下一代1.6T光模块产品的设备研发也正在进行之中。 子公司博众仪器目前经营一切正常，其在 年中发布的200KV透射电子显微镜产品已获得批量订单，目前正在生产交付过程中。 (本文来自第一财经) ...

Investment Rating - The report maintains a "Buy" rating for the company [4][7] Core Insights - The company has demonstrated steady revenue growth, achieving a revenue of 3.653 billion yuan in Q1-Q3 2025, a year-on-year increase of 11.57%, and a net profit attributable to shareholders of 332 million yuan, up 30.94% year-on-year [1] - The gross margin has slightly declined, with a gross margin of 29.65% in Q1-Q3 2025, down 5.13 percentage points year-on-year [2] - The company has diversified its business across multiple sectors, including consumer electronics, new energy equipment, and semiconductor equipment, with significant advancements in automation and efficiency [3] Financial Performance Summary - For Q3 2025, the company reported a revenue of 1.777 billion yuan, a year-on-year increase of 23.31%, and a net profit of 170 million yuan, up 7.44% year-on-year [1] - The company’s operating expenses have been well-managed, with a total expense ratio of 24.32% in Q1-Q3 2025, down 1.77 percentage points year-on-year [2] - The projected revenue for 2025-2027 is expected to be 5.834 billion, 6.826 billion, and 7.937 billion yuan respectively, with net profits of 514 million, 649 million, and 815 million yuan [4][6]