Northeast Securities research report points out that Harbin Boshi Automation (002698.SZ) has a leading position in intelligent manufacturing equipment technology, especially in the petrochemical and new energy (such as polycrystalline silicon) industries. The company has long been deeply involved in the industrial robot field. In 2015, it successfully developed intelligent high-temperature furnace operation robots, combined with advanced remote control technology, leading the automation development in the carbide industry. The company's performance has entered a high-speed growth period. At the end of 2023, the company has an order backlog of 6.483 billion yuan. From the structure perspective, intelligent manufacturing equipment orders account for as high as 75%, industrial services and eco-friendly processes and equipment account for 20% and 5% respectively. A large number of orders in hand will enter the revenue confirmation period in 2025 and 2026, and the company's performance will grow rapidly. It is rated as a "buy" for the first time.