Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase in stock price of over 20% compared to the benchmark index within six months [12]. Core Views - The company's performance in 2024 is in line with expectations, achieving a revenue of 4.954 billion yuan, a year-on-year increase of 2.36%, and a net profit attributable to shareholders of 398 million yuan, up 2.05% year-on-year [3][4]. - The company is expanding its product offerings across various sectors, including consumer electronics, new energy, and semiconductors, with significant progress in new product development and customer acquisition [5][9]. Financial Summary - In 2024, the company reported a gross margin of 34.38%, a slight increase of 0.59 percentage points year-on-year, while the net profit margin was 7.85%, a decrease of 0.09 percentage points [4]. - Revenue projections for 2025-2027 are 6.039 billion yuan, 7.390 billion yuan, and 8.909 billion yuan, representing year-on-year growth rates of 21.91%, 22.37%, and 20.55% respectively [6][10]. - The forecasted net profit attributable to shareholders for the same period is 555 million yuan, 767 million yuan, and 973 million yuan, with growth rates of 39.21%, 38.24%, and 26.92% respectively [6][10].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase in stock price of over 20% compared to the benchmark index within six months [12]. Core Views - The company's performance in 2024 is in line with expectations, achieving a revenue of 4.954 billion yuan, a year-on-year increase of 2.36%, and a net profit attributable to shareholders of 398 million yuan, up 2.05% year-on-year [3][4]. - The company is expanding its product offerings across various sectors, including consumer electronics, new energy, and semiconductors, with significant progress in production and customer acquisition [9][10]. Financial Summary - In 2024, the company reported a gross margin of 34.38%, a slight increase of 0.59 percentage points year-on-year, while the net profit margin was 7.85%, a decrease of 0.09 percentage points [4]. - Revenue projections for 2025-2027 are 6.039 billion yuan, 7.390 billion yuan, and 8.909 billion yuan, representing year-on-year growth rates of 21.91%, 22.37%, and 20.55% respectively [6][10]. - The forecasted net profit attributable to shareholders for the same period is 555 million yuan, 767 million yuan, and 973 million yuan, with growth rates of 39.21%, 38.24%, and 26.92% respectively [6][10].

Core Viewpoint - The company, Bozhong Precision, is focused on research and innovation in the field of intelligent manufacturing equipment, primarily engaged in the development, design, production, sales, and technical services of automation equipment and solutions for smart factories [4][5]. Company Overview - Bozhong Precision is a technology-driven enterprise with over 20 years of manufacturing experience, specializing in automation equipment and flexible production lines [4]. - The company has established a strong end-to-end delivery capability and serves a diverse range of well-known domestic and international clients [4]. Business and Products - The main business areas include automation equipment, key components, and tooling, with a focus on precision manufacturing technologies [5]. - The company aims to strengthen its position in the consumer electronics sector, providing customized automated production lines and advanced manufacturing systems [5][6]. - Products are utilized across various applications, including smartphones, tablets, TWS Bluetooth headsets, smartwatches, laptops, and smart speakers, covering the entire range of consumer electronics [6]. Financial Information - For the fiscal year 2024, the company plans to distribute a cash dividend of 1.42 yuan per share (including tax), totaling approximately 63 million yuan based on the adjusted total share count [2].

New Products and Technologies - Bozhon Instruments has focused on the research, production, and sales of transmission electron microscope products since its establishment, achieving self-control over core technologies and key components such as ultra-high stability high-voltage power supplies and field emission electron guns [1] - In the first half of 2024, Bozhon Instruments launched the second generation of Bozhon F200 TEM and Bozhon T200 TEM, enhancing functionality and performance [2] - Bozhon Instruments has won the bid for the "Guangdong-Hong Kong-Macao Greater Bay Area National Innovation Center Particle Application Center Solenoid Procurement Project," undertaking specific design, research, and manufacturing [2] - The company has achieved mass production of domestically produced 200kV transmission electron microscopes and core components, with delivery expected to start in 2025 [2] Low-altitude Economy - Bozhon Precision's low-altitude economy business, undertaken by its subsidiary Bozhon Robotics, focuses on providing comprehensive low-altitude inspection solutions for smart city governance [3] - The system includes drones, automatic airport systems, low-altitude communication systems, and AI automatic recognition platforms, applying various high-tech solutions [3] - The company aims to provide large-scale, grid-based low-altitude inspection solutions for government and enterprise clients, differentiating itself from competitors who primarily focus on single-point deployments [4] Business Model - The company's sales model is primarily direct sales, with orders obtained through existing customer recommendations and public bidding [5] - The company has established a sales management system to regulate sales activities and maintain long-term relationships with clients [5] - The procurement model includes raw material procurement and customized processing, ensuring quality and timely delivery through a structured approval process [7] Production and R&D Models - The production model is order-driven, with a focus on customized automation equipment based on client needs [8] - The R&D model combines engineering departments and innovation centers to address both current application needs and long-term technological breakthroughs [9] Industry Situation - The global automation equipment market is projected to grow from $484.97 billion in 2024 to $639.67 billion by 2030, indicating significant potential for growth [11] - The domestic automation equipment industry has made notable progress, with local companies increasingly capable of producing mid-to-low-end automation equipment [12] - The company has established itself as a leading player in the intelligent manufacturing sector, recognized for its stable product quality and strong service capabilities [13] Emerging Technologies and Trends - The demand for automation equipment is driven by advancements in consumer electronics, new energy vehicles, and semiconductor manufacturing [14] - The flexible modular production line developed by the company has been successfully mass-produced, enhancing efficiency and reducing labor costs [15][16] - The electric vehicle market is expanding, with battery swapping stations gaining attention as a cost-effective solution for consumers [18] Market Opportunities - The transmission electron microscope market is expected to grow significantly, with a projected global market size of $729 million in 2024, driven by domestic demand for high-end scientific instruments [23][24]

博众精工科技股份有限公司 证券代码：688097 证券简称：博众精工 公告编号：2025-015 三、薪酬方案具体内容 关于公司董事、监事 2025 年度薪酬方案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 博众精工科技股份有限公司（以下简称"公司"）根据相关法律法规和《博众精工 科技股份有限公司章程》（以下简称"《公司章程》"）等规定，结合公司实际经营情 况并参照所处行业及地区的薪酬水平，在充分体现短期和长期激励相结合，个人和团队 利益相平衡的设计要求下，在保障股东利益、实现公司与管理层共同发展的前提下，制 定 2025 年度公司董事、监事薪酬方案。现将具体情况公告如下： 一、适用对象 本方案的适用对象为公司董事及监事。 二、适用期限 本方案的适用期限为 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （一）董事薪酬方案 1、独立董事 公司独立董事在公司领取独立董事津贴，津贴标准为 18 万元/年（税后），每月支 付 1.5 万元（税后）。 2、非独立董事 公司董事长吕绍林，董事蒋健、宋怀良 ...

公司代码：688097 公司简称：博众精工 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制评价结果推测未来内部控 ...

证券代码：688097 证券简称：博众精工 公告编号：2025-018 博众精工科技股份有限公司 2024 年度募集资金存放与实际使用情况的专项报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 根据《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要 求》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等法 律法规的有关规定并结合公司实际情况，博众精工科技股份有限公司（以下简称 "公司"或"博众精工"）董事会编制了截至 2024 年 12 月 31 日的《2024 年年 度募集资金存放与实际使用情况的专项报告》，具体内容如下： 一、 募集资金基本情况 (一) 募集资金金额和资金到账时间 1、首次公开发行股票募集资金 根据中国证券监督管理委员会于 2021 年 3 月 25 日核发的《关于同意博众精 工科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕964 号）， 博众精工首次向社会公众公开发行人民币普通股（A 股）4,100.00 万股，每股面 值 1.00 元，并于 ...

截至 2024 年末，立信拥有合伙人 296 名、注册会计师 2,498 名、从业人员 总数 10,021 名，签署过证券服务业务审计报告的注册会计师 743 名。 立信 2024 年业务收入（未经审计）50.01 亿元，其中审计业务收入 35.16 亿元，证券业务收入 17.65 亿元。 2024 年度立信为 693 家上市公司提供年报审计服务，主要行业为制造业、 信息传输、软件和信息技术服务业、科学研究和技术服务业、采矿业、批发和零 售业、建筑业、房地产业及电力、热力、燃气及水生产和供应业，审计收费总额 8.54 亿元，同行业上市公司审计客户 62 家。 一、会计师事务所基本情况 （一）基本情况 立信会计师事务所（特殊普通合伙）（以下简称"立信"）由我国会计泰斗潘 序伦博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家完成改制的 特殊普通合伙制会计师事务所，注册地址为上海市，首席合伙人为朱建弟先生。 立信是国际会计网络 BDO 的成员所，长期从事证券服务业务，新证券法实施前具 有证券、期货业务许可证，具有 H 股审计资格，并已向美国公众公司会计监督委 员会（PCAOB）注册登记。 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：688097 证券简称：博众精工 公告编号：2025-022 博众精工科技股份有限公司 关于会计政策变更的公告 本次会计政策变更前，公司执行财政部发布的《企业会计准则——基本准则》和 各项具体会计准则、企业会计准则应用指南、企业会计准则解释公告以及其他相关规定。 （三）变更后采用的会计政策 本次会计政策变更后，公司将执行《企业会计准则解释第 17 号》《企业会计准则 解释第 18 号》的相关规定。其他未变更部分，仍按照财政部前期颁布的《企业会计准 特别提示： 本次会计政策变更系根据中华人民共和国财政部（以下简称"财政部"）发布的 《企业会计准则解释第 17 号》及《企业会计准则解释第 18 号》的相关规定进行的相应 变更，无需提交公司董事会和股东大会审议，不会对公司财务状况、经营成果和现金流 量产生重大影响。 一、本次会计政策变更概述 （一）会计政策变更的主要内容 2023 年 10 月，财政部发布《企业会计准则解释第 17 号》（财会〔2023〕21 号）， 规定 ...

证券代码：688097 证券简称：博众精工 公告编号：2025-014 博众精工科技股份有限公司 关于 2024 年度计提资产减值准备的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、计提资产减值准备的情况概述 博众精工科技股份有限公司（以下简称"公司"）根据《企业会计准则第 8 号-- 资产减值》和相关会计政策的规定，结合公司的实际情况，为客观、公允地反映公司截 至 2024 年 12 月 31 日的财务状况和 2024 年 1-12 月的经营成果，公司及下属子公司对 截至 2024 年 12 月 31 日公司合并报表范围内存在减值迹象的资产进行了减值测试，2024 年度公司计提各类信用减值损失及资产减值损失共计人民币 134,150,459.35 元，具体 情况如下： 单位：人民币元 | 项目 | 2024 年度计提金额 | 备注 | | --- | --- | --- | | 信用减值损失 | 67,473,961.81 | 含应收票据坏账准备、应收账款坏账 准备、其他应收款坏账准备 | | 资产减值损失 ...