Research Express | Boshen Co., Ltd. Accepts Online Research from All Investors, 2025 Net Profit Declines 19.33%, 2026 Revenue Target of 1.859 Billion Yuan

On March 19, Bosheng Co., Ltd. (002282.SZ) held the 2025 Annual Performance Briefing via the Value Online Network Interaction Platform. Company management responded to investor concerns regarding performance, overseas market risks, strategic planning, and other issues. The briefing attracted participation from all online investors. The company’s directors, General Manager Li Shanda, Independent Director Ge Rui, Vice General Manager and Board Secretary Jing Chengming, and Vice General Manager and CFO Gong Jinghui attended together.

Basic Information of Investor Activities

Key Performance Analysis: 2025 Net Profit Down 19.33%, 2026 Revenue Target Up 9.78%

Regarding the 2025 performance, CFO Gong Jinghui stated that net profit decreased by 19.33% year-over-year, mainly due to goodwill impairment, increased foreign exchange losses, and income tax on dividends paid by overseas subsidiaries. Despite the pressure, the company clarified its 2026 operating goals: aiming for a consolidated revenue of 1.859 billion yuan, a 9.78% increase over 2025; and net profit attributable to shareholders of listed companies of 169 million yuan, up 8.94%.

In terms of shareholder returns, the company plans to distribute a cash dividend of 1.50 yuan (tax included) for every 10 shares based on a total share capital of 527 million shares, totaling 79.0258 million yuan in dividends. The plan has been approved by the board and will be submitted for shareholder approval.

Overseas Market Risks Response: Thailand Base + Foreign Exchange Hedging to Double Avoid Trade Barriers

Addressing investor concerns about tariffs and trade policy changes overseas, General Manager Li Shanda introduced measures to reduce overseas operational risks. As early as 2012, the company established a diamond tool manufacturing base in Thailand, effectively avoiding anti-dumping risks from the US and other countries against Chinese diamond tools. The company also uses multi-currency settlement (including RMB settlement) to reduce the impact of exchange rate fluctuations, and employs forward foreign exchange contracts, options, and other hedging tools to hedge currency risks. Additionally, the company strengthens overseas asset management through regular safety assessments and enhances product competitiveness via technological innovation.

Regarding the 16.50% YoY decline in overseas revenue in 2025, management explained that it was mainly due to fluctuations in overseas tariffs and inventory reduction by some diamond tool customers, leading to order decreases. As the inventory cycle approaches its end, market demand is expected to gradually improve.

Business and Strategic Planning: Dual-Drive of Technology Innovation and M&A, No Plans for Hong Kong Listing

On business competitiveness, the company pointed out that its core differentiation in diamond tools lies in full industry chain process control, with comprehensive product categories and strong supporting capabilities compared to domestic peers, and high cost-performance compared to international peers. In 2025, R&D investment increased by 8.37% year-over-year, focusing on core technologies and new products in diamond tools, coated abrasives, and rail transit components.

Regarding external acquisitions, the company stated it will cautiously select targets in advanced materials and high-end equipment sectors, considering business synergy, team fit, and industry prospects, driven by a “tech innovation + M&A” dual approach. Concerning market rumors about a potential listing on the Hong Kong Main Board, Board Secretary Jing Chengming clarified that “the company currently has no such plans.”

Looking ahead, the company aims to become “a globally leading, top-tier provider of integrated solutions in advanced materials and high-end equipment,” adhering to the development directions of “high-end, green, and integrated” growth. Through organic growth and external acquisitions, it plans to optimize existing industries, cultivate new strategic industries, and promote transformation and sustainable development.

Disclaimer: The market involves risks; investments should be cautious. This article is automatically generated by an AI model based on third-party databases and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to official announcements for accuracy. For questions, contact biz@staff.sina.com.cn.

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