Company Code: 688188 Company Abbreviation: Berchu Electronics

Shanghai Bochu Electronic Technology Co., Ltd.

Summary of the 2022 Annual Report

Section 1 Important Tips

1 The summary of this annual report is derived from the full text of the annual report and provides a comprehensive understanding of the Company's results of operations, financial position and future development plans.

investors should go to the http://www.sse.com.cn/网站仔细阅读年度报告全文 。.

2 Significant Risk Alert

For details, please refer to "4. Risk Factors" under "Management's Discussion and Analysis" in section III of this report ".

3 The Board of Directors, the Board of Supervisors and the Directors, Supervisors and senior management of the Company guarantee the truthfulness, accuracy and,

Integrity, no false records, misleading statements or material omissions, and individual and joint legal responsibility.

All directors of the company attend the board meeting.

5 Lixin Certified Public Accountants (Special General Partnership) has issued a standard unqualified audit report for the Company.

6 The company was not profitable at the time of listing and has not yet achieved profitability.

□ Yes √ No

7 The profit distribution plan or the plan for the conversion of provident fund to share capital for the reporting period adopted by the resolution of the board of directors.

In 2022, the company plans to distribute cash dividends of 11.30 yuan (including tax) to all shareholders for every 10 shares based on the total share capital registered on the date of equity distribution, without bonus shares and capital reserve conversion. If calculated on the basis of 145,974,775 shares of the company's total share capital as of December 31, 2022, the total amount of cash dividends to be distributed is RMB 164,951,495.75 (including tax), accounting for 34.40 of the net profit attributable to shareholders of the parent company in the 2022 consolidated statement of the company. The profit distribution plan is subject to the approval of the Company's 2022 Annual General Meeting of Shareholders before it can be implemented.

8 Whether there are important matters such as special arrangements for corporate governance.

□ Applicable √ Not applicable

Section 2 Basic Information of the Company

1 Company Profile

Company Stock Profile

√ Applicable □ Not applicable

Company Stock Profile

Stock Type Stock Listing Exchange Stock Abbreviations Stock Abbreviations Before Change of Stock Code

and plate

A- share Shanghai Stock Exchange Pachu Electronic 688188 Not Applicable

CRE Board

Corporate Depository Receipt Profile

□ Applicable √ Not applicable

Contacts and Contact Information

Contact person and contact information Secretary of the board of directors (information disclosure domestic representative) Securities affairs representative

Name: Zhou Xing, Zhou Zhiyu

Office address: 1000 lanxiang hunan road, Minhang district, Shanghai lanxiang hunan road, Minhang district, Shanghai

No. 1000

Telephone 021-64306 968 021-64306968

E-mail bochu@fscut.com bochu@fscut.com

2 Introduction to the company's main business during the reporting period.

Main business, main products or services of the (I)

The company is a high-tech enterprise and key software enterprise engaged in the research and development, production and sales of industrial automation systems. It is the first private enterprise in the country to engage in the development of complete sets of control systems for fiber laser cutting. It is committed to providing stable and efficient automation control solutions to promote The development of China's industrial automation. The company's main business is to provide all kinds of laser cutting equipment manufacturers with laser cutting control system as the core of all kinds of automation products. At present, the company's main products include servo control system, board control system, bus control system and other related products.

The names, diagrams, and main features of the company's representative products are shown in the following table:

Product Classification Product Name Diagram Main Features

According to the capacitance feedback signal, real-time

Control the cutting head and the workpiece to be cut

The height of the control system;

Follow-up control BCS100 follow-up control system laser cutting system use, can

The system realizes leapfrog, jitter suppression and so on.

can greatly improve the quality of cutting

or special process for cutting efficiency

process.

Cut by medium power board system

FSCUT1000-economic control system with low power,

Board system is mainly used in low power cutting

Equipment.

board control

System

FSCUT2000-medium power specifically for the sheet metal processing industry

The full-function open-loop control introduced by the board system.

system.

An open for pipe processing

FSCUT3000-Pipe cutting ring control system. Support square tube,

Cutting board card system round pipe, runway type and oval, etc.

High of drawing pipe, angle steel and channel steel

Precision, high efficiency cutting.

High-speed, high-precision fully closed-loop laser

FSCUT4000-Full closed loop control system. Support automatic tuning

Board system integration, cross-coupling control, intelligent

Piercing, PSO position synchronization output

and other advanced functions.

For special pipe cutting machine

FSCUT5000-pipe cutting bus cutting system; matching pipe

Cutting bus system nesting software for combined row

Sample, common edge cutting and other functions.

bus control

System for high power fiber laser cutting

Cut demand to launch a high-end

FSCUT8000-Ultra High Power Intelligent Bus System. Possess stability

The rate bus system is reliable, easy to deploy, and safe for production.

Congruent features; support and provide mold

Block, personalization, etc.

For the company all kinds of laser cutting

Visual Aids for System Development

system. Using Gigabit Ethernet

Industrial camera, using independent research and development

The highly adaptive recognition algorithm of the high-precision visual positioning system can

To achieve the stainless steel, copper, aluminum,

Titanium alloy, ceramics, glass, electricity

The precision of various materials such as road boards

Other related positioning processing.

Products

I/O expansion module general and special expansion board, can be

for rich IO resources.

The shaft expansion module is used to expand the same as the pipe cutting equipment.

Step axis or rotation axis.

Applied to pipe laser cutting number

The nesting software of the control system. Real

Pipe nesting software is now drawing processing, common edge nesting,

Weld compensation and other process settings

And parts drawing and other functions.

Applied to planar laser cutting number

The nesting software of the control system. Real

Plane nesting software is now fast nesting, drawing processing,

Tool editing, form generation, etc.

Can.

Launched for sheet metal processing industry

A full-featured bus control

BLT series intelligent laser cutting head. Through and cutting system

Cutting head system seamless docking, fusion final reality

Now the intelligent laser cutting

Control.

(II) main business model

The daily business of the company mainly involves the market development department and technical service department under the market operation center, the sales department, the Ministry of Commerce, the after-sales maintenance department under the sales center, and the purchasing department, planning department, integrated testing department and other related departments under the production operation center. The Market Development Department is mainly responsible for the development of new products and insight into market segments; the Sales Department is mainly responsible for product sales and customer relationship maintenance; the Ministry of Commerce is mainly responsible for order execution and closed-loop management; the technical service department is mainly responsible for on-site technical support; the after-sales maintenance department is mainly responsible for the after-sales maintenance of products; the purchasing department is mainly responsible for the procurement of relevant raw materials and the production arrangements of outsourcing manufacturers; the integrated testing department is mainly responsible for product assembly testing.

Industry situation of (III)

1. The development stage, basic characteristics and main technical threshold of the industry

The company's industry is the software design industry, the sub-sector is the fiber laser cutting equipment control system.

Laser cutting is a cutting process that can be used to cut metal and non-metallic materials of various thicknesses, and the laser beam guided by the optical system to form and bundle completely penetrates the material to achieve the cutting effect. Compared with the traditional tool cutting method, laser cutting does not contact the material itself, no cutting head wear, fast cutting speed, adaptability and flexibility, can improve processing efficiency, reduce processing costs, improve the quality of the workpiece.

Under the dual drive of the intelligent upgrading of the manufacturing industry and the large-scale promotion of 5G network construction and the start of commercial use, according to IndustryPerspective forecasts, the domestic demand for laser cutting will maintain a high growth rate. It is expected that by 2023, the overall market size of China's laser cutting equipment can reach 40.369 billion yuan.

This industry is a technology-intensive industry integrating laser technology, numerical control technology and software technology. The development of the company needs a professional technical team, rich R & D experience, and continuous capital investment as support. Mainstream laser cutting motion control system research and development company in the industry for many years, invested a lot of resources and time, accumulated a large number of patented technology, the research and development of products greatly meet the needs of the development of the industry, so the industry threshold is high, the new company is difficult to gain a foothold in the industry in a short time.

2. Analysis of the company's position in the industry and its changes

In the field of low-and medium-power laser cutting control systems, domestic systems have basically achieved import substitution by virtue of good performance and comprehensive cost performance, and the company's domestic low-and medium-power market share will remain leading in 2022. In the field of high-power laser cutting control system, the company has achieved new breakthroughs in product sales, product technical indicators and performance, and still maintains the first market position of high-power laser cutting control system manufacturers in China.

3. Development and future development trends of new technologies, new industries, new formats and new models during the reporting period

During the reporting period, China's laser processing industry in the rapid development of self-technological innovation, laser processing methods to the traditional industry penetration process accelerated, the mainstream cutting power segment lower limit have upward trend.

The company continues to expand vertically based on the laser cutting business, build a bus laser cutting system intelligent upgrade fund-raising project, layout of intelligent cutting head direction, to achieve "software and hardware coordination, intelligent control", in line with higher power, faster speed, higher precision direction of the development of the industry trend. In addition, the company continues to invest in the industrial Internet field at the same time, building equipment health cloud and MES system data platform investment projects, developing cloud data platform systems for equipment manufacturers and terminal factories respectively, leading the future trend of combining information technology and laser industry, expanding relevant services and building a complete laser processing ecosystem system.

In addition, based on the horizontal expansion of the industrial automation field, the company continues to lay out the precision processing field, build ultra-fast precision micro-nano processing system construction projects, grasp the industrial opportunities of large-scale promotion of 5G network construction and start commercial use, and start the research on the integration of ultra-high precision drive and control, with a view to realizing high-precision multi-axis motion control at sub-micron and nano-scale in the future and breaking through the technical barriers of ultra-precision motion control system, promote the import substitution of high-precision motion control systems in domestic high-end equipment.

As a horizontal layout of the intelligent welding field, the company through the intelligent welding offline programming software, intelligent weld tracking system, intelligent welding control system of a complete set of solutions, in order to solve the small batch, a variety of non-standard workpiece flexible processing scene is difficult to achieve a high degree of automation of the current situation.

3 Key accounting data and financial indicators of the company

Major accounting data and financial indicators of the 3.1 in the last 3 years

Unit: Yuan Currency: RMB

2022 2021 Year over year 2020

Increase/decrease (%)

Total Assets 4,504,804,701.10 3,148,597,586.31 43.07 2,611,434,608.83

Attributable to listed public

Company shareholdersNet 4,277,329,529.91 2,989,313,570.94 43.09 2,492,777,535.25

Production

Operating income 898,491,949.44 913,439,700.70 -1.64 570,829,250.31

Attributable to listed public

Net profit 479,523,399.84 of shareholders of the company 550,198,665.07 -12.85 370,592,915.28

Run

Attributable to listed public

Deduction 466,047,986.27 for shareholders of the Company 543,637,658.49 -14.27 304,107,005.31

Non-recurring gains and losses

the net profit

arising from business activities

Net cash flow 619,282,545.20 498,734,982.64 24.17 362,468,196.66

Uh

Weighted average net 12.48 20.34 decreased by 7.86 percentage points 15.91

Yield (%) Point

Basic EPS 3.31 3.92 -15.56 2.65

(Yuan/share)

Diluted EPS 3.30 3.90 -15.38 2.64

(Yuan/share)

R & D investment accounted for an increase of 0.86 percent

The proportion of industry income 15.98 15.12 point 14.38.

(%)

Key accounting data by quarter for the 3.2 reporting period

Unit: Yuan Currency: RMB

First Quarter Second Quarter Third Quarter Fourth Quarter

(January-March) (April-June) (July-September) (October-December)

Operating income 190,732,740.26 218,126,166.51 243,811,243.50 245,821,799.17

92,909,948.87 of 102,761,839.01 145,078,473.09 138,773,138.87 attributable to listed companies

Net profit of shareholders

Attributable to listed companies

Shareholder's deduction of non -102,473,452.22 136,323,901.94 134,290,691.62 92,959,940.49

Net after regular gains and losses

Profit

151,792,776.45 177,574,886.88 of 93,567,013.45 196,347,868.42 arising from business activities

Net cash flow

Description of discrepancies between quarterly data and disclosed periodic report data

□ Applicable √ Not applicable

4 Status of shareholders

Total number of 4.1 common shareholders, total number of preferred shareholders with restored voting rights and total number of shareholders holding special voting shares and top 10 shareholders

Unit: Unit

Total number of common shareholders (households) as at the end of the reporting period 4,106

Total number of common shareholders at the end of the previous month prior to the disclosure date of the annual report 5,401

(household)

Total number of preferred shareholders with restored voting rights as at the end of the reporting period

(household)

Priority of voting rights restoration at the end of the previous month before the disclosure date of the annual report

Total number of shareholders (households)

Total number of shareholders holding special voting shares as at the end of the reporting period

(household)

Special voting shares held at the end of the previous month prior to the disclosure date of the annual report.

Total number of shareholders (households)

Shareholdings of the top ten shareholders

Package pledge, bid

Included or frozen

Holding situation

there is melt

have pass

Limited Borrowing

Shares sold

Name of shareholder Shareholders' shareholding ratio at the end of the reporting period

(Full Name) Increase or Decrease Quantity (%) Number of Parts

The shape and quantity of the strands

part limited state

Number of sales

volume stock

Dhis

Number

Quantity

Tang Yejing

Inside

7,053,277 28,053,277 19.22 0 0 0 None 0 From

But

People

Dai Tian Tian jing

Inside

5,516,699 21,941,699 15.03 0 0 None 0 From

But

People

Lu Linjing

Inside

4,786,113 19,036,113 13.04 0 0 0 None 0 From

But

People

Ten thousand chapters

Inside

4,282,243 17,032,243 11.67 0 0 None 0 From

But

People

Xie Miao

Inside

3,022,768 12,022,768 8.24 0 0 None 0 From

But

People

Hong Kong Securities Clearing Company Limited 2,269,953 5,007,278 3.43 0 0 None 0 Other

He

The National Social Security Fund 460 Portfolio 1,963,173 3,453,575 2.37 0 0 0 None

He

China Merchants Bank Co., Ltd.-China Merchants Bank

SSC Board 50 Component Trading Open 1,477,979 2,263,479 1.55 0 0 0 0 0 0

index securities investment fund

TEMASEKFULLERTONALPHAPTELTD 2,215,531 1.52 0 0 0 None

He

Postal Savings Bank of China Limited

-Yi Fangda's New Income Flexible Allocation Hybrid 525,192 1,493,792 1.02 0 0 0 None

securities investment fund

Description of the above-mentioned shareholder affiliation or concerted action (1) Tang Ye, Dai Tiantian, Lu Lin, Wan Zhang,

Xie Miao through the signing of the Agreement on Concerted Action

constitute a concerted action relationship. 2) In addition to this

In addition, the Company is not aware of the above-mentioned shareholders.

in an associative relationship or a concerted action relationship.

Description of preferred shareholders with restored voting rights and the number of shares held Not applicable

Holders of depositary receipts

□ Applicable √ Not applicable

Table of the top ten shareholders in the number of voting rights as of the end of the reporting period

□ Applicable √ Not applicable

Block diagram of the property rights and control relationship between the 4.2 company and the controlling shareholder.

√ Applicable □ Not applicable

Block diagram of the property rights and control relationship between the 4.3 company and the actual controller.

√ Applicable □ Not applicable

Total number of preferred shareholders and top 10 shareholders of the Company at the end of the 4.4 reporting period

□ Applicable √ Not applicable

5 Corporate bonds

□ Applicable √ Not applicable

Section III Important Matters

1 The Company shall, in accordance with the principle of materiality, disclose significant changes in the Company's operations during the reporting period, as well as matters that occur during the reporting period that have a significant impact on the Company's operations and are expected to have a significant impact in the future.

During the reporting period, the company realized operating income of 898.4919 million billion yuan, a year-on-year decrease of 1.64; realized net income attributable to shareholders of the parent company

Profit was 479.5234 million yuan, down 12.85 year on year.

2 If there is a delisting risk warning or termination of listing after the disclosure of the company's annual report, the reasons for the delisting risk warning or termination of listing shall be disclosed.

□ Applicable √ Not applicable