[年报]博实股份(002698):2024年年度报告摘要（英文版）
原标题:博实股份:2024年年度报告摘要（英文版） （Abstract） Ⅰ. Important Notes This Abstract is extracted from Annual Report 2024. In order to have a full understanding of the operating results, financial condition and future development planning of the Company, investors are suggested to read the full report carefully on cninfo.com. The Company’s 2024 Annual Report is prepared and published in Chinese version, and the English version is for reference only. Should there be any inconsistency between the Chinese version and English version, the Chinese version shall prevail. All directors attended the Board Meeting in person for reviewing of this Annual Report. Indicate by check mark if independent auditor issues non-standard unqualified opinion. □Applicable √Not applicable Indicate by check mark if there is a pre-arranged plan of profit distribution or transferring capital reserve into common stock for the report period which has been reviewed by the Board of Directors. √Applicable □Not applicable Indicate by check mark if transferring capital reserve into common stock. □Yes √No The Company’s profit distribution plan approved by the thirteenth meeting of the fifth Board of Directors is as follows: based on the total share capital after the close of Shenzhen Stock Exchange on the share registration date determined by the Company’s 2024 annual profit distribution, cash dividend of RMB 2.50 (including tax) will be paid to all shareholders for every 10 shares, and 0 shares of bonus shares (including tax) will be given, and no accumulation fund will be converted into additional share capital. According to the Proposal on the Company’s Public Offering of Convertible Corporate Bonds, all shareholders (including those formed by the convertible bonds) registered on the date of registration of the dividend payment are equally entitled to participate in the current distribution of profits. II. Basic Situation of the Company 1.Company Profile
In order to speed up the planning and implementation of the construction function of the Company’s regional headquarters and provide convenience for value investment, the Company has set up a “Securities and Investment Affairs Office”, at No.18, Hongxin Road, Huaqiao Town, Kunshan, Suzhou, Jiangsu Province. Welcome securities investors to inquire about the further information. 2.Key Financial Information (1)Key accounting data and financial indicators in the past three years Does the Company need to make retroactive adjustment or restatement of the accounting data of the previous year. □Yes √No Unit: RMB
(2)Key accounting data by quarter Unit: RMB
Indicate by check mark if any material difference between the above financial indicators or their summations and those which have been disclosed in the Company’s Quarterly or Interim report. □Yes √No 3. Shareholders Information (1)Total number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders Unit: Share Total number of Total number of Total number of Total number of shareholders of shareholders of shareholders of shareholders of preferred 39,187 54,978 0 0 common stocks at the common stocks preferred stock with stock with resumed voting
(1) Bond profile
(2) Top 10 convertible bond holders
(3) Latest rating and rating change th On June 24 , 2024, China Lianhe Credit Rating Co., Ltd. issued the 2024 Credit Rating Report of Harbin Boshi Automation Co., Ltd.’s Public Issuance of Convertible Corporate Bonds. The long-term credit rating of the Company maintained “AA”, the credit rating of this convertible corporate bond was “AA”, and the bond rating outlook was “stable”. The result of this tracking rating did not changed from the previous rating. The credit rating report mentioned above is available at cninfo.com.cn. Ⅲ.Important Issues Shares Buyback s The Company held the sixth meeting of the fifth Board of Directors on November 1 , 2023, and deliberated th and passed the Proposal on the Plan to Buyback Part of the Company’s Shares. As of March 15 , 2024, the Company confirmed that this share repurchase program has been completed, and the Company has done 7,203,019 shares buy-back of the Company in total, accounting for 0.70% of the total share capital of the Company, with the highest transaction price of RMB 17.88 per share and the lowest transaction price of RMB 10.58 per share. The total transaction amount is RMB 100,125,282.85 (excluding transaction fees). Employee Stock Ownership Plan th The Company held the 11 meeting of the fifth Board of Directors and the eighth meeting of the fifth Board th of Supervisors on September 11 , 2024, to consider and pass the Motion on the Company’s 2024 Employee Stock Ownership Plan (Draft) and Its Summary, the stock source of the employee stock ownership plan is the A-share ordinary shares of Boshi Stock that have been bought back in the Company’s special securities account. The above proposal has considered and passed by the first Extraordinary General Meeting of 2024 rd th held on September 23 , 2024. On October 15 , 2024, the non-trading transfer of the employee stock ownership plan was completed. For details, please refer to the relevant announcements disclosed by the Company in the Securities Times and cninfo.com.cn. IV. Management Discussion and Analysis 1. The Company’s Industry Status during the Reporting Period (1) Industry overview According to the proportion of revenue during the reporting period, the Company’s main businesses in its industry are shown in the following figure： The Company’s dual-core growth engine is driven by intelligent manufacturing equipment and industrial services, which leverage the advantages of the equipment industry’s extension. These two sectors respectively align with the state-supported industrial directions of high-end equipment manufacturing and modern service industries. According to the 2024 financial report data, the intelligent manufacturing equipment and industrial services, these two core growth businesses, accounted for 93% of the operating revenue. Additionally, environmental protection process and equipment contribute a beneficial supplement, generating 7% of the operating revenue. This forms a “core + supplement” revenue structure. Intelligent Manufacturing Equipment： As the main body of the national economy and the foundation of the powerful country, the intelligent upgrading of the manufacturing industry and the digital transformation of the industry has become one of the core strategies of the national economic development. “Made in China 2025” puts forward intelligent manufacturing is the main direction of the integration of informatization and industrialization. During the th “14 Five-Year Plan” period, the state has successively issued more than ten special policies such as the th “14 Five-Year Plan” for Intelligent Manufacturing Development, “Robot Plus” Application Action Implementation Plan and Implementation Opinions on Promoting Future Industrial Innovation and Development, and has systematically built a policy system of high-end equipment innovation and development - industrial digital transformation - future industrial forward-looking layout. Especially in the field of intelligent manufacturing equipment, the policy focuses on supporting smart factory overall solutions, key common technology breakthroughs and industry demonstration applications, creating continuous demand space and development opportunities for the industry. Based on the Company’s extensive experience in the intelligent equipment industry, the current intelligent transformation of China's manufacturing sector exhibits a dual-track parallel trend. On the one hand, the adoption rate of automation equipment in industrial enterprises of a certain scale is notably high. However, the number of digital factories that have achieved equipment networking and data integration is relatively limited. Moreover, the proportion of smart factories capable of intelligent decision-making remains lower. Facing the future, these enterprises boast vast storage capacity, paving the way for digital transformation and intelligent upgrading. On the other hand, strategic emerging industries, exemplified by new energy and new materials, incorporate smart factory standards from the outset of construction, and the demand for fresh capacity keeps burgeoning. The intelligent upgrading of China’s manufacturing industry promotes the dual track of stock transformation and new capacity demand, showing strong resilience and vitality, and the demand has not seen obvious periodicity. The Company has been engaging in the field of intelligent equipment for a long time, with independent intellectual property rights of intelligent manufacturing equipment products, to help China’s manufacturing promote quality and efficiency. Replacing imported equipment or industry-first applications to promote the technological progress of related industries with scientific and technological innovation. The Company’s intelligent manufacturing equipment are widely applied in petrochemical, sub-merged arc furnace, new energy, grain, animal feeds, building materials, medicine, food, port, and many other industries, to provide customers with efficient intelligent manufacturing equipment, and promote the application and implementation of the overall smart factory solution. In recent years, the State actively advocates the implementation of industrial digitalization strategies. The Company has accelerated the accumulation application of digital and intelligent technologies mastered. Now it has the designing and implementation capability of digital workshops，intelligent factories and overall solutions in multiple product application fields. The Company’s technology and intelligent equipment are in the leading position in the application field of domestic industry, no competitors in the same scale; In some fields, the Company products and technology applications are in the world leading level. The Company implements the differentiated competition strategy based on technology leadership, forming significant differences with competitors in technology R&D, product innovation, complete sets of advantages of large systems, industrial service capabilities, engineering implementation experience, brand loyalty, etc., and building comprehensive competitive advantages. In recent years, the Company’s intelligent manufacturing equipment business has achieved sustained good and rapid development in terms of product innovation, application field expansion, revenue scale and profit level, and has brought good returns to shareholders. Industrial Service： In March of 2021, thirteen government departments, including the National Development and Reform Commission, the Ministry of Science and Technology, and the Ministry of Industry and Information Technology, collectively released the Opinions on Accelerating the High-quality Development of the Manufacturing Service Industry. This document unequivocally positions the manufacturing service industry as a pivotal cornerstone in enhancing the competitiveness and overall strength of manufactured goods, thereby facilitating the transformation and upgrade of the manufacturing sector and its journey towards integration of manufacturing with services, stands not only as a crucial strategy in fostering a modern industrial framework but also as a significant pathway in advancing the harmonized evolution of advanced manufacturing and modern service industries. At a practical level, manufacturing enterprises are expediting the transition from traditional manufacturing towards a “manufacturing + service” model, and from offering single product delivery to providing “product + service” solutions. This is achieved through innovation in business models, reconstruction of production organization systems, and an increase in the proportion of service elements. This transformation not only effectively extends the value dimension of the industrial chain, but also significantly improves total factor productivity and added value of products, injecting sustained momentum into the improvement of market competitiveness. Boshi has long been committed to the realm of intelligent manufacturing equipment, meticulously crafting a comprehensive production operation and maintenance management service system that spans the entire lifecycle of equipment products. This innovative approach empowers customers with holistic industrial services encompassing equipment operation and maintenance, as well as finished product storage and transportation. Consequently, clients can concentrate on their core competencies, thereby reducing costs, enhancing efficiency, and fostering high-quality development. In August of 2021, our Company was distinguished as the “Advanced Manufacturing and Modern Service Industry Integration Development Pilot Unit” by the National Development and Reform Commission. Subsequently, in January 2023, we were honored with the title of “Fourth Batch of Service-Oriented Manufacturing Demonstration Enterprise” by the Ministry of Industry and Information Technology. These dual national recognitions amply underscore our Company’s pioneering and leading role in the realm of manufacturing and service industry integration. Based on continuous business innovation and industry-leading service delivery capabilities, the product and service integration strategy implemented since the IPO in 2012 has achieved remarkable results. So far, it has formed a service network covering all regions except Hong Kong, Macao, Taiwan and Tibet, and its service scale and profitability rank at the forefront of the industry. The Company’s industrial service performance has been escalating consistently year after year. In 2024, the Company’s industrial service revenue reached a remarkable RMB 768 million (7.18% increase year-on-year), contributing to 26.84% of the Company’s overall revenue. Moreover, the gross profit margin recovered to 29.62%. Industrial service is undoubtedly a pivotal source of the Company’s revenue and profit, solidifying its position as a key contributor to the Company’s financial success. The Company’s industrial service demand is experiencing stable growth, driven by the natural expansion of existing stock equipment. Moreover, as new production, operation, and maintenance projects achieve continuous breakthroughs through deep exploration of customer needs, new growth opportunities are emerging. The demand for industrial services is burgeoning in both directions, with development momentum aligning in a mutually reinforcing manner. Consequently, it is anticipated that the service scale and capacity will undergo incremental advancements in the coming years. Environmental Protection Process and Equipment: “Lucid waters and lush mountains are invaluable treasures. A healthy ecological environment not only of economic and social development.” The state has integrated green and low-carbon development into the core strategy of high-quality development. In key areas such as deep treatment and recycling of industrial waste gas, the treatment and recycling project of industrial waste acid and acid gas implemented by Boao Environment, the Company’s holding subsidiary, can collect and treat waste sulfuric acid and sour gas in industrial production, generate high-purity sulfuric acid for recycling production, and recover and reuse the heat energy released in the process. This not only achieves energy saving and emission reduction but also recycling and economic efficiency, balancing environmental protection with economic benefits and social benefits. During the reporting period, with the centralized delivery and acceptance of the executed projects and the recognition of revenue, environmental protection technology and equipment achieved revenue of RMB 199 million, which played a beneficial complementary role in the overall performance of the Company. (2) Industry policy impact In the context of the in-depth promotion of the national strategy of “manufacturing power”, the policies of intelligent manufacturing, digital economy and industrial digital transformation and upgrading continue to release the momentum of development. From 2023 to 2024, the intensive introduction of a number of national industrial policies has built a solid policy support system for the field of high-end intelligent manufacturing equipment, enabling the development and industrial upgrading of enterprises in the industry in an all-round way from technological innovation, scene expansion to industrial ecological construction. 2023 industry policy: The “Robot Plus” Application Action Implementation Plan explicitly outlines the objective of doubling the robot density in the manufacturing sector. This initiative is concentrated on ten key areas, with the aim of creating over 200 innovative application scenarios. The plan seeks to expedite the profound integration of intelligent equipment with manufacturing processes. The Petrochemical and Chemical Industry Steady Growth Work Plan strengthens the development of smart factory construction standards, and promotes the intelligent upgrading of process industry through the creation of smart manufacturing demonstration factories and the cultivation of industrial Internet platforms. 2024 new industry policy: In January 2024, seven departments including the Ministry of Industry and Information Technology jointly issued the Implementation Opinions on Promoting Future Industrial Innovation and Development. The opinions anchor the direction of six future industries, including future manufacturing, future information, future materials, and future energy, and clarify the goal of forming 100 core technologies and 100 leading enterprises by 2025. By 2027, the comprehensive strength of future industries will be significantly improved and become an important source of future industries in the world. Among them, future manufacturing and other sectors are closely related to the company's intelligent equipment research and development and application. In January 2024, nine departments including the Ministry of Industry and Information Technology jointly issued the Work Plan for Digital Transformation of Raw Material Industry (2024-2026) and the Guidance for the Implementation of Digital Transformation of Petrochemical and Chemical Industry, which clearly explained that petrochemical and chemical industry is an important pillar industry of the national economy and a typical process manufacturing. It is proposed to cultivate more than 70 intelligent manufacturing excellent scenarios and 50 smart chemical parks in 2026, and the relevant policies are highly consistent with the Company’s overall solution for process industrial post-processing intelligence. In February 2024, the fourth meeting of the Financial and Economic Commission of the CPC Central Committee proposed that accelerating product renewal is an important measure to promote high-quality th development, and on March 7 , 2024, The State Council issued the Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods for New Ones. Programmatic documents such as Promoting the Implementation Plan for Equipment Renewal in the Industrial Field and Guidelines for Equipment Renewal and Technological Transformation in Key Industrial Industries have been introduced one after another, focusing on equipment renewal and technological transformation in key industries, which is expected to leverage the huge market size and directly activate the upgrading demand for intelligent equipment. In 2024, Service-oriented Manufacturing Standard System Construction Guide, National Artificial Intelligence Industry Comprehensive Standardization System Construction Guide (2024 edition), Chemical Industry Intelligent Manufacturing standard System Construction Guide (2024 edition), Smart Manufacturing Typical Scenario Reference Guide (2024 edition), Smart Factory Gradient Cultivation Action Implementation Plan, Guild for Digital Transformation Implementation of Manufacturing Enterprises and other policy guidelines to lead the Company’s intelligent manufacturing equipment, industrial service business standardization and accelerated development. The above national industry and industry support policies, as well as policies and measures to stabilize th growth, raise demand, promote investment and consumption, combined with the national “14 Five-Year” th th Digital Economy Development Plan , “14 Five-Year” Intelligent Manufacturing Development Plan, “14 th Five-Year” Robot Industry Development Plan, “14 Five-Year” Informatization and Industrialization Deep Integration Development Plan and other planning goals. Under the guidance of the policy, the market demand is released at an accelerated pace, providing continuous momentum for the Company’s technology iteration, market expansion and product innovation. The Company’s deep cultivation of basic raw material industries such as petrochemical and chemical industries is just a strategic opportunity with intensive policy support and urgent equipment transformation needs, and the Company is expected to fully benefit from the industry policy dividends of smart factory construction standards promotion and equipment updating and technological transformation. 2. Company Main Businesses during the Reporting Period (1)Main products, services, application level and business model of the Company Overall Solution for Intelligent Manufacturing Equipment and Intelligent Factory Post-processing Intelligent Manufacturing Post-processing Intelligent Manufacturing Equipment for Solid Material Equipment for Rubber It is applied in the post-processing fields for the It is intelligent equipment and intelligent plant overall powder, granular materials or irregular materials of solution, applied in production process of synthetic petrochemical, new energy, grain, animal feeds, rubber and natural rubber and in the fields of product building materials, medicine, food, ports etc. (such as refining process, dewatering and drying process crushing, screening, bagging, boxing and transportation (rubber washing, cleaning and impurity removal, of new energy field polysilicon reduced silicon rods, dewatering, crushing and drying, etc.) and finished etc.), providing efficient automatic weighing, packaging product packaging process (weighing, baling, and palletizing intelligent manufacturing and detecting, conveying, packaging and palletizing, etc.) production equipment and overall solutions of smart factories. In the field of post-processing high-end equipment for powder and granular materials in China it has obvious Complete product line, covering natural rubber and advantages and a stable competitive position. In the field synthetic rubber; of post-processing high-end equipment for the new It is the only supplier which can provide complete energ y field irregular polysilicon materials, the original large-scale systems worldwide. first set of applications has promoted the upgrade of intelligent manufacturing in the industry. Robot Plus Intelligent Logistics, Warehousing Systems Connecting solid material post-processing intelligent manufacturing equipment with rubber post-processing (High temperature) Operation robot for submerged arc intelligent manufacturing equipment to realize furnace and serialized intelligent products, complete intelligent identification, outbound and inbound system solutions are applied for high-risk as well as warehousing management, logistics transshipment, other special operation robots and complete system fully automatic vehicle loading, etc., which widely used solutions which can replace high-risk, harsh working in many industries of national economy, to help conditions, and heavy manual labor. customers to build smart factory overall solutions. (High temperature) Operation robot for sub-merged arc furnace and its surrounding systems are in leading position worldwide in the field of calcium carbide; Fully automatic loading machine has formed the first The successful delivery of smart workshop project mover advantage of the scale of application, the demonstration project in the field of calcium carbide market responded positively, the future demand in arc furnace production, committed to promoting the many fields and industries has great potential production of fewer people, unmanned, safe, efficient and environmental”, and bringing the traditional industrial technology revolution with industry subversive technology. Industrial Services The industrial services, extended from in the above-mentioned related fields of intelligent manufacturing equipment, are mainly integrated service, equipment maintenance and spare parts sales which facing the operation in the application fields of intelligent manufacturing equipment, after-sales industrial service, and supplementary industrial service. Adhering to the Company’s technological leadership in the field of intelligent equipment, leading service capabilities and scale in the field The business model of large-scale intelligent manufacturing equipment is driven by sales, production organization, product delivery and acceptance, revenue recognition and other links, as shown in the following figure: The content characteristics of the operation and maintenance aftermarket and complementary industrial services business models are summarized in the figure below: Industrial Services——Operation and After-sales Type Industrial Services Industrial Services——Supplementary Industrial Services and Miscellaneous As a result of revolutionary technological breakthroughs and innovative allocation of production factors, new quality productivity is reconstructing the competitive pattern of the global intelligent equipment industry, promoting the evolution of China’s industry from traditional manufacturing to intelligent manufacturing, and promoting the transformation of industrial ecology. In the application field of intelligent manufacturing equipment products, the company has realized the ability and breakthrough of jumping from single machine and automated production line to digital workshop and smart factory overall solution, and deeply serves the needs of national digital strategy, industrial upgrading and development to cultivate future industries. Facing the national digital strategy and future industrial needs, the Company invested heavily in the direction of smart factories. During the reporting period, the Company successfully completed two calcium carbide smart factory (workshop) projects of Inner Mongolia Junzheng Chemical Co., Ltd. and Ningxia Yinglit Chemical Co., LTD., with incremental revenue of RMB 320 million. Calcium carbide production intelligent factory comprehensively innovate the traditional production process of calcium carbide sub-merged arc furnace, overcoming the pain points of the industry with harmful environment, high energy consumption, large pollution and low production efficiency. The Company integrates artificial intelligence technology such as machine vision, deep learning, robot control algorithm, and expert control strategy with industrial Internet communication technology, and applies it to the overall solution of intelligent workshop and intelligent factory, building an intelligent closed-loop of “perception – decision – execution”, significantly improving production safety and operational efficiency, and realizing accurate control and efficient intelligent production of the whole process. The Company builds smart factories in the field of calcium carbide production, relying on intelligent production decision-making management, to maximize the creation of less humanized and unmanned workshops, help customers to produce safely and efficiently, open the future manufacturing mode, subvert the traditional production process of electric stone furnace, achieve revolutionary industrial upgrading of Legend: Digital twin technology enables calcium carbide smart factory (3) Key performance drivers Since 2017, the Company’s performance has continued to maintain a good and rapid growth trend, and the revenue scale has exceeded RMB 1 billion, 1.5 billion, 2 billion and 2.5 billion, and the net profit has also tended to increase simultaneously. In 2024, in the face of a complex external environment, the Company achieved operating revenue of RMB 2.863 billion, another record high, net profit to the parent of RMB 524 million, intelligent manufacturing equipment, industrial services, environmental protection process equipment and other business revenue achieved year-on-year growth. The Company has long been committed to the innovation and development of intelligent manufacturing equipment, to achieve domestic equipment instead of imports and the independent control of major equipment core technology. With the technology leading differentiation competitive strategy, the Company continues to open up new markets, leading the new demand of the industry. The Company’s solid core technical capabilities, rich industrial application practical experience, “point → line → whole” efficient technology development path, and focus on high-tech barriers to R&D positioning, together to construct the Company’s sustainable and healthy development of the inner core driving force. At the same time, the promotion and implementation of medium and long-term strategic plans such as China’s intelligent manufacturing 2025 and 2035, the intensive introduction of industrial promotion policies such as intelligent manufacturing, robotics and digital economy, and the strong internal demand of manufacturing enterprises for automation, digitalization and intelligent manufacturing have provided a strong external environment for the high-quality development of the Company. In recent years, the driving factors of the Company’s performance are mainly due to the strong demand brought by actively grasping the digitalization and intelligent upgrading of China’s manufacturing industry. Through technological progress and product innovation, the Company has achieved multi-category expansion of products. Intelligent manufacturing equipment continues to carry out technology iteration and to continue the growth period with the second curve. During the period, the sales growth of intelligent manufacturing equipment for solid material reprocessing was strong. Innovative products represented by high-temperature furnace front operation robots have been successfully applied in high-risk and heavy working conditions fields such as calcium carbide, ferrosilicon, silico-manganese, industrial silicon, etc. In particular, during the reporting period, the successful delivery and operation of two calcium carbide smart factories (workshops) made the “robot plus”business quickly occupy an important revenue share and promote the overall performance of the Company; In addition, the Company applied the key intelligent equipment for solid material post-processing in the field of new energy polysilicon raw materials to multiple points in the industry, further expanding the application dimension of products in the field of irregular solid material post-processing intelligent manufacturing equipment, providing a new increment for the revenue growth of intelligent manufacturing equipment; The industrial services business has maintained steady growth for a long time, becoming an important source of revenue and profit for the company, and also empowering the intelligent manufacturing equipment business; Energy saving, emission reduction and environmental protection process equipment business also added to the Company’s overall revenue and profit. The Company has always adhered to the implementation of technology leading strategy, large system complete strategy, product service integration strategy. In the field of product application, the Company’s intelligent manufacturing overall solution implementation ability continues to improve, smart factory successfully landed, “intelligent equipment” and “industrial services” coordinated development mode to （未完）  |