BOSHI(SZ:002698)2023-05-04 10:17Group 1: Company Overview and Financial Performance - The company reported strong revenue and net profit growth in Q1 2023, primarily driven by the comprehensive growth of its intelligent manufacturing equipment and industrial service businesses [5]. - The gross profit margin is expected to remain around 40%, which is considered an excellent level [6]. - The company has a small scale of convertible bonds issued, and financial expenses do not significantly impact overall revenue [6]. Group 2: Production Capacity and Order Management - The company plans to meet strong demand by expanding production capacity through its wholly-owned subsidiary, with a new factory project expected to be completed by August 2023 [5]. - The execution cycle for orders typically ranges from 6 to 18 months, depending on delivery conditions and customer site readiness [5]. - The company has established long-term partnerships with suppliers, enhancing its bargaining power and optimizing raw material costs [6]. Group 3: Market Demand and Future Growth - The demand for the company's products in the new energy sector is robust, addressing key automation challenges in production processes [5]. - The industrial service network is expected to grow significantly, with low current penetration rates among potential domestic clients [7]. - The intelligent logistics and warehousing system revenue reached 57.28 million in 2022, indicating substantial growth potential [8]. Group 4: Financial Management and Cost Control - The company records prepayments from customers as contract liabilities, which are linked to the progress of order fulfillment and acceptance [5]. - The management expects a decrease in management expense ratios in 2023 due to changes in the consolidation scope [6].