Bozhong Precision has orders worth 6.6 billion, a surge of 164%. The four major sectors are fully exerting their efforts, achieving four consecutive increases in performance.

Yangtze Business Daily News ●Yangtze Business Daily reporter Pan Ruidong

Stronger downstream demand has driven a surge in orders for automation equipment maker Bozhong Jinggong (688097.SH).

On the evening of April 3, Bozhong Jinggong released a voluntary disclosure announcement. As of March 31, 2026, the company’s total outstanding orders amounted to RMB 6.63B (excluding tax), up 163.78% year over year.

The company’s coordinated push across multiple business segments is clearly evident. By industry, orders in the consumer electronics sector were RMB 1.26B, up 88.52% year over year; orders in the new energy sector were RMB 4.18B, up 144.13% year over year; and orders in semiconductors, automobiles, and other fields were RMB 1.19B.

On the performance front, Bozhong Jinggong’s results have continued to grow for four consecutive years. In 2025, its net profit attributable to the parent company reached RMB 591 million, setting a new high since its listing.

First-quarter order surge

According to materials, Bozhong Jinggong’s main products include automation equipment (lines), fixture-type products, and core components.

Based on the latest announcement, as of March 31, 2026, Bozhong Jinggong’s total outstanding orders amounted to RMB 6.63B (excluding tax), a substantial year-over-year increase of 163.78%, reaching a record high.

The announcement shows that the company’s order structure has continued to optimize, with all four major business segments performing strongly. By industry, orders in the consumer electronics sector were RMB 1.26B, up 88.52% year over year; orders in the new energy sector were RMB 4.18B, up 144.13% year over year; and orders in semiconductors, automobiles, and other fields were RMB 1.19B, becoming a new growth engine. This data closely matches the positive expectations released during the company’s investor communications earlier in the year— the effectiveness of the “consumer electronics + new energy + automotive automation + semiconductors” four-wheel-drive strategy is significant.

Looking back at the operating foundation in 2025, the company had already demonstrated a strong growth momentum. In the first three quarters of 2025, the company achieved operating revenue of RMB 3.65B, up 11.57% year over year; net profit attributable to the parent company was RMB 332 million, up 30.94% year over year; and net cash flow from operating activities was RMB 710 million, up sharply 411.18% year over year. Profitability quality and cash flow improved in tandem. By the end of 2025, the company’s newly signed orders had a year-over-year growth rate exceeding 50%. Rapid growth in the new energy sector and steady development in the 3C sector laid a solid foundation for the 2026 order surge.

From the perspective of segment growth, new energy has become the first growth curve. By focusing on a strategy centered on large customers, in 2025 orders for swap stations increased by several multiples year over year. With current production capacity operating at full load, the company is continuously expanding capacity to meet demand. Downstream expansion of lithium battery capacity and the accelerated rollout of swap stations have driven sustained volume growth in orders for lithium-battery standard equipment and smart warehousing and logistics. The new energy segment has risen to become the company’s core business, with economies of scale gradually being released and profitability expected to improve significantly.

The consumer electronics segment has maintained steady growth. With innovation and upgrades of products from core large customers and improvements in supply-chain automation rates, the company, leveraging its deeply integrated binding advantage, has continued to win orders in automation equipment areas such as assembly, inspection, and measurement.

Automotive automation and the semiconductors segment have achieved rapid breakthroughs through a dual-engine approach of “organic growth + external expansion.” The company acquired Shanghai Woding to strengthen its capabilities in automotive automation. Relying on technological synergies and resource integration, it has entered the production line track of new energy vehicles. In semiconductors, the company’s independently developed wafer-level bonding machines and chip-bonding machines, as well as AOI inspection equipment, have progressed steadily. In addition, after acquiring Shanghai Luzhi to enter the semiconductor components segment, its business layout has been continuously improved, opening up medium- to long-term growth space.

The company reminds investors that its outstanding orders include orders for equipment already delivered but not yet recognized as revenue and orders for equipment yet to be delivered. The implementation progress is affected by factors such as industry cycles, customer demand, and the supply chain, so the specific impact on performance contains uncertainties. The data has not been audited and does not constitute a performance guarantee.

Earned a total of RMB 1.9B over five years since listing

Bozhong Jinggong listed on China’s A-share market in 2021. In the year it went public, it saw increased revenue without increased profits; afterward, its performance achieved continuous growth.

According to data, in 2021, the company’s operating revenue and net profit attributable to the parent were RMB 3.83B and RMB 193 million, respectively, with year-over-year changes of 47.37% and -19.18%, respectively. The following year, performance reversed the downward trend. From 2022 to 2024, the company’s operating revenue was RMB 4.81B, RMB 4.84B, and RMB 4.95B, respectively. Net profit attributable to the parent company was RMB 331 million, RMB 390 million, and RMB 398 million, respectively—both grew consecutively.

In 2025, performance growth accelerated. According to the earnings express report, in 2025 the company achieved operating revenue of RMB 6.57B, up 32.63% year over year; net profit attributable to the parent company was RMB 591 million, up 48.43% year over year; and non-recurring gains and losses excluded net profit was RMB 335 million, up 5.04% year over year.

Since its IPO in 2021, Bozhong Jinggong has cumulatively generated net profit attributable to the parent company of RMB 1.9B.

Multiple measures helped improve Bozhong Jinggong’s profitability in 2025. In June 2025, the company acquired 70% of the equity interest in Shanghai Woding for RMB 420 million and completed its consolidation into the financial statements. Shanghai Woding is a national-level “specialized, refined, distinctive, and innovative” enterprise. Its main business is automotive intelligent conveying systems, serving leading automakers such as BMW and Xiaomi, helping the company enter the new energy vehicle production line track. In October, the company completed the acquisition of 51% of the equity interest in Shanghai Luzhi. The target’s main business is semiconductor ultra-high-purity special gas conveying systems, filling a shortcoming in the company’s semiconductor core process equipment and creating synergies with existing businesses.

Meanwhile, the company increased profits through two equity disposals of Suzhou Linghou Robotics in 2025. In April, it transferred 6% of equity and received RMB 15 million. In September, it transferred 18.29% of equity for RMB 64 million. The two transactions optimized the asset structure and brought back funds, significantly increasing investment gains.

With business development and the consolidation of acquired targets, by the end of 2025 Bozhong Jinggong’s total assets reached RMB 12.84 billion, up 44.32% from the beginning of the year.

Editors: ZB

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