融券方面，当日融券卖出0.00万股，净买入0.07万股。 最近三个交易日，30日-1日，伯特利分别获融资买入0.51亿元、0.57亿元、0.28亿元。 8月1日，沪深两融数据显示，伯特利获融资买入额0.28亿元，居两市第597位，当日融资偿还额0.34亿 元，净卖出674.33万元。 ...

Core Viewpoint - Bertli has launched an employee stock ownership plan aimed at fostering long-term growth and enhancing operational efficiency through talent retention and motivation [1] Group 1: Employee Stock Ownership Plan - The employee stock ownership plan has a broad coverage, which helps attract and retain top talent [1] - The plan is designed to enhance the motivation of core personnel and improve operational efficiency [1] - A tiered unlocking and multiple assessment mechanisms are implemented to drive performance growth and ensure the company's long-term development [1] Group 2: Business Expansion and Market Position - In 2024, the company will establish Bertli Automotive Suspension Technology Company and plans to add a suspension capacity of 200,000 units per year [1] - The goal is to become a leading supplier of steer-by-wire chassis, targeting the top 100 global automotive parts manufacturers [1] - The company is expected to benefit in the short term from the increased penetration of intelligent electronic control businesses such as EPB and steer-by-wire [1] Group 3: Financial Projections - The company anticipates significant incremental contributions from steer-by-wire chassis in the medium to long term, with overseas capacity gradually ramping up [1] - As of July 31, 2025, the closing price is projected to be 47.1 yuan per share, with corresponding price-to-earnings ratios of 18/14/10 times [1] - The company maintains a "recommended" rating based on these projections [1]

Core Viewpoint - Bertli has launched an employee stock ownership plan aimed at fostering long-term growth and enhancing operational efficiency through talent retention and motivation [1] Group 1: Employee Stock Ownership Plan - The employee stock ownership plan has a broad coverage, which helps attract and retain top talent [1] - The plan is designed to stimulate the enthusiasm of core personnel and improve operational efficiency [1] - A tiered unlocking and multiple assessment mechanisms are implemented to drive performance growth and ensure the company's long-term development [1] Group 2: Business Expansion and Market Position - In 2024, the company will establish Bertli Automotive Suspension Technology Company and plans to add a suspension capacity of 200,000 units per year [1] - The goal is to become a leading supplier of steer-by-wire chassis, targeting the top 100 global automotive parts manufacturers [1] - The company is expected to benefit in the short term from the increased penetration of intelligent electronic control businesses such as EPB and steer-by-wire [1] Group 3: Financial Projections - The company anticipates significant incremental contributions from steer-by-wire chassis in the medium to long term, with overseas capacity gradually ramping up [1] - As of July 31, 2025, the closing price is projected to be 47.1 yuan per share, with corresponding price-to-earnings ratios of 18/14/10 times [1] - The company maintains a "recommended" rating based on these projections [1]

Event Overview - On July 31, the company announced the first phase of its employee stock ownership plan for 2025, covering core technical personnel and middle management (totaling ≤258 people). The stock source is from the company's repurchased shares, totaling no more than 1.8 million shares, accounting for 0.30% of the current total share capital. The employee purchase price is set at 24.97 yuan/share, with a total self-funded amount not exceeding 44.946 million yuan [2]. Employee Stock Ownership Plan - The incentive targets are broad, including core technical personnel and middle management, with a total of ≤258 individuals. The expected expense amortization amounts for 2025-2030 are 4.16 million, 9.98 million, 9.98 million, 8.31 million, 5.15 million, and 2.33 million yuan, indicating a minimal impact on the company's performance [3]. - The incentive is significant, with the grant price of 24.97 yuan/share representing a 47.03% discount compared to the current price. This plan is expected to attract and retain talent, enhance operational efficiency, and drive performance growth through a tiered unlocking and multiple assessment mechanisms, ensuring long-term development [3]. Strategic Developments - The company is actively expanding its smart and electric vehicle capabilities. It has become the first domestic supplier to mass-produce and deliver line control braking systems, with plans to build an annual production capacity of 1 million units by 2024, which will help seize market opportunities and expand its first-mover advantage [4]. - The company is also the first domestic supplier to achieve mass production of Electric Parking Brakes (EPB), with plans to expand production by 1 million units in 2024, effectively alleviating capacity bottlenecks and strengthening competitive advantages [4]. - Since 2012, the company has been engaged in lightweight braking components and has established a global presence, including a production base in Mexico that began operations in 2023, with plans for a base in Morocco in 2024 [4]. Integration and Market Position - The company has made strategic acquisitions, such as acquiring 45% of Wanda in 2022, enhancing its automotive chassis layout (braking + steering). Post-acquisition integration has led to a significant increase in net profit margins [5]. - In November 2024, the company plans to establish Bertley Automotive Suspension Technology Company and aims to add 200,000 units of suspension capacity annually, targeting the line control chassis market, which is projected to be worth hundreds of billions [5]. Financial Projections - The company is expected to benefit in the short term from the increased penetration of smart electric control businesses like EPB and line control braking systems. In the medium to long term, the line control chassis is anticipated to contribute significantly to revenue growth, with overseas production capacity gradually ramping up. Revenue projections for 2025-2027 are 13.075 billion, 17.089 billion, and 22.044 billion yuan, with net profits of 1.594 billion, 2.104 billion, and 2.793 billion yuan, respectively. Corresponding EPS is projected at 2.63, 3.47, and 4.60 yuan, with PE ratios of 18, 14, and 10 times [6][7].

民生证券8月1日发布研报称，给予伯特利（603596.SH，最新价：47.16元）推荐评级。评级理由主要包 括：1）发布员工持股计划绑定人才助力长期成长；2）智能化&电动化齐驱全球化再进一步；3）整合 稳步推进进击线控底盘。风险提示：客户销量不及预期；竞争加剧；原材料价格上涨；关税风险等。 （文章来源：每日经济新闻） ...

Investment Rating - The report maintains a "Recommended" rating for the company [6] Core Insights - The company has launched an employee stock ownership plan aimed at enhancing long-term growth, covering up to 258 core technical and managerial personnel, with a total of no more than 1.8 million shares, representing 0.30% of the current total share capital [1][2] - The employee stock plan is priced at 24.97 CNY per share, which is a 47.03% discount compared to the current price, indicating a significant incentive to attract and retain talent [2] - The company is advancing in smart and electric vehicle technologies, becoming the first domestic supplier to mass-produce line control braking systems and EPB, with plans to expand production capacity significantly [3] - The company has made strategic acquisitions, including a 45% stake in Wanda, enhancing its product offerings and operational efficiency, with plans to establish a new suspension technology company [4] Financial Projections - Revenue projections for 2025-2027 are estimated at 130.75 billion CNY, 170.89 billion CNY, and 220.44 billion CNY respectively, with net profits of 15.94 billion CNY, 21.04 billion CNY, and 27.93 billion CNY [4][5] - The expected EPS for the same period is 2.63 CNY, 3.47 CNY, and 4.60 CNY, with corresponding PE ratios of 18, 14, and 10 [5][4] - The company anticipates a revenue growth rate of approximately 31.6% in 2025, with a net profit growth rate of 31.9% [5][9]

Core Viewpoint - Bertli's stock price has experienced a decline, reflecting market reactions to its recent financial activities and announcements [1] Group 1: Stock Performance - As of July 31, 2025, Bertli's stock price is reported at 47.14 yuan, down by 1.41 yuan, representing a decrease of 2.90% from the previous trading day [1] - The stock opened at 48.43 yuan, reached a high of 48.60 yuan, and a low of 47.01 yuan, with a trading volume of 133,700 lots and a total transaction value of 639 million yuan [1] Group 2: Business Operations - Bertli specializes in the research, production, and sales of automotive components, including braking systems and steering systems [1] - The company operates in sectors such as automotive parts, Anhui region, and new energy vehicles [1] Group 3: Financial Announcements - Bertli announced plans to increase capital or provide loans totaling 1.266 billion yuan to its wholly-owned subsidiaries, aimed at implementing fundraising projects [1] - The subsidiaries involved include Bertli Electronics, Weihai Bertli, and Bertli Mexico [1] - Additionally, 213,500 restricted shares will be released for trading on August 6, accounting for 0.04% of the company's total share capital [1] Group 4: Capital Flow - On July 31, 2025, the net outflow of main funds from Bertli amounted to 50.1911 million yuan, representing 0.18% of its circulating market value [1]

Group 1 - The company held its ninth meeting of the fourth board of directors on July 30, 2025, with all eight directors present, confirming the legality and validity of the meeting [1] - The board approved the draft of the first employee stock ownership plan for 2025, which aims to enhance employee cohesion and company competitiveness [2][3] - The board also approved the management measures for the employee stock ownership plan, ensuring its effective implementation [3] Group 2 - The board proposed to authorize the board and its authorized personnel to handle matters related to the employee stock ownership plan, including applications to the Shanghai Stock Exchange [3][5] - The board approved the conditions for the third unlock period of the 2019 restricted stock incentive plan, allowing 19 eligible individuals to apply for the release of 213,500 shares [5][6] - The company plans to use up to 1.3 billion RMB of idle raised funds for cash management to improve fund utilization efficiency [7] Group 3 - The company will allocate 428.9994 million RMB, 244.7743 million RMB, and 592.0719 million RMB to its wholly-owned subsidiaries for the implementation of fundraising projects [8] - The company intends to replace self-raised funds used for project investments with raised funds amounting to 719.7688 million RMB [10] - The board approved the convening of the third extraordinary general meeting of shareholders in 2025 [11]

三、公司员工持股计划遵循公司自主决定、员工自愿参加的原则，不存在以 摊派、强行分配等方式强制员工参加的情形。 综上，我们同意实施 2025 年第一期员工持股计划，并同意将 2025 年第一期 员工持股计划相关事项提交公司董事会审议。 芜湖伯特利汽车安全系统股份有限公司 董事会薪酬与考核委员会 芜湖伯特利汽车安全系统股份有限公司（以下称"公司"）董事会薪酬与考 核委员会根据《中华人民共和国公司法》（以下称"《公司法》"）、《中华人 民共和国证券法》《关于上市公司实施员工持股计划试点的指导意见》（以下称 "《指导意见》"）、《上海证券交易所上市公司自律监管指引第 1 号——规范 运作》（以下称"《规范运作》"）等相关法律、法规、规范性文件及《芜湖伯 特利汽车安全系统股份有限公司章程》的有关规定，在认真审阅董事会薪酬与考 核委员会 2025 年第二次会议相关会议资料的基础上，经充分、全面的讨论与分 析，依据相关规定，就公司 2025 年第一期员工持股计划相关事项发表核查意见 如下： 一、公司员工持股计划的内容符合《公司法》《指导意见》《规范运作》等 有关法律、法规的规定，有利于公司的持续发展，不存在损害公司及全体股 ...

证券代码：603596 证券简称：伯特利 公告编号：2025-051 芜湖伯特利汽车安全系统股份有限公司 第四届监事会第九次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带 责任。 一、监事会会议召开情况 芜湖伯特利汽车安全系统股份有限公司（以下简称"公司"）第四届监事会第九次会 议于 2025 年 7 月 30 日下午 14:00 在公司五楼会议室以现场结合通讯的方式召开，本次 监事会会议于 2025 年 7 月 25 日以邮件方式发出会议通知。本次会议由公司监事会主席 张昊先生主持，会议应出席监事 3 人，实际出席监事 3 人。本次会议的召集、召开和表 决程序符合《中华人民共和国公司法》、《公司章程》的有关规定，会议合法、有效。 二、监事会会议审议情况 （一）审议通过《关于 <芜湖伯特利汽车安全系统股份有限公司 ensp="ensp" 年第一期员工="年第一 期员工"> 持股计划（草案）>及其摘要的议案》。 表决结果：3 票赞成，0 票反对，0 票弃权。 具体内容详见公司 2025 年 8 月 1 日刊登在上海 ...