| 证券代码：603596 | 证券简称：伯特利 | | 公告编号：2025-099 | | --- | --- | --- | --- | | 转债代码：113696 | 转债简称：伯 25 | 转债 | | 关于芜湖伯特利汽车安全系统股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 本公司董事会及全体董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法律责任。 重要内容提示： 现金管理产品基本情况 1、券商理财 | 产品名称 | | | "银河金山"收益凭证 | | | 14112 | 期 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 受托方名称 | | | 中国银河证券股份有限公司 | | | | | | | | 购买金额 | 5,000 | 万元 | | | | | | | | | 产品期限 | 2025 | 年 12 | 月 | 12 | 日-2026 | 年 | 6 月 | 10 | 日 | | 特别风险提示（如有请勾选） | | 其他：不适用 ...

证券代码：603596 证券简称：伯特利 公告编号：2025-098 转债代码:113696 转债简称:伯 25 转债 芜湖伯特利汽车安全系统股份有限公司 关于召开2025年第四次临时股东大会的通知 本公司董事会及全体董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法律责任。 重要内容提示： 一、 召开会议的基本情况 (一)股东大会类型和届次 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 12 月 29 日 14 点 00 分 召开地点：芜湖伯特利汽车安全系统股份有限公司二楼会议室 (五)网络投票的系统、起止日期和投票时间 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 12 月 29 日 至2025 年 12 月 29 日 股东大会召开日期：2025年12月29日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 采用上海证券交易所网络投票系统，通过交易系统投票平台的投 ...

证券代码：603596 证券简称：伯特利 公告编号：2025-093 转债代码：113696 转债简称：伯 25 转债 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 芜湖伯特利汽车安全系统股份有限公司（以下简称"公司"）第四届监事会第十二次 会议于 2025 年 12 月 12 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 12 月 2 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 第四届监事会第十二次会议决议公告 （一）审议通过《关于预计公司 2026 年度日常关联交易预案的议案》。 根据《公司章程》及公司关于日常关联交易的相关规定，结合公司业务特点及经营 状况，为加强关联交易规范运作，提高决策管理效率，现对 2026 年度公司及公司控股 子公司与关联方发生的日常关联交易预计情况如下： 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 ...

| 证券代码：603596 | 证券简称：伯特利 | | 公告编号：2025-092 | | --- | --- | --- | --- | | 转债代码：113696 | 转债简称：伯 | 转债 25 | | 芜湖伯特利汽车安全系统股份有限公司 第四届董事会第十二次会议决议公告 本公司董事会及全体董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法律责任。 一、董事会会议召开情况 芜湖伯特利汽车安全系统股份有限公司（以下简称"公司"）第四届董事会第十二次 会议（定期）于 2025 年 12 月 12 日上午 10:00 在公司五楼会议室以现场及通讯相结合的 方式召开，本次董事会会议于 2025 年 12 月 2 日以邮件方式发出会议通知。本次会议由 公司董事长袁永彬先生主持，会议应出席董事 8 人，实际出席董事 8 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、董事会会议审议情况 （一）审议通过《关于预计公司 2026 年度日常关联交易预案的议案》。 表决结果：8 票赞成，0 票反对，0 ...

南财智讯12月12日电，伯特利公告，公司对'年产100万套电子驻车制动系统（EPB）建设项目'的预定可 使用状态日期由2025年12月延期至2026年12月。该项目计划投资金额为22,614.00万元，资金来源为向不 特定对象发行可转换公司债券募集的资金，主要用于电子驻车制动系统的产业化建设。延期原因为外部 宏观环境及行业发展变化导致项目资金使用进度延迟，公司为确保募投项目稳步实施、降低募集资金使 用风险而作出审慎调整。本次延期未改变项目内容、投资总额、实施主体，项目可行性未发生重大变 化，不会对公司主营业务、财务状况及整体募资安排造成实质影响，不存在改变或变相改变募集资金用 途和损害股东利益的情形。 ...

伯特利公告，2025年12月12日，公司第四届董事会第十二次会议审议通过了《关于部分募集资金投资项 目延期的议案》，在募投项目和募集资金使用不发生变更情况下，对"年产100万套电子驻车制动系统 （EPB）建设项目"的预定可使用状态日期由2025年12月延期至2026年12月。 ...

Investment Rating - The report does not explicitly state an investment rating for the automotive suspension industry Core Insights - The automotive suspension industry is undergoing a profound transformation driven by electrification and intelligence, shifting the competitive focus from traditional mechanical hardware to a comprehensive system capability defined by software [4] - The demand for lightweight structural components and high-performance suspensions is increasing due to electrification, while intelligence is pushing the evolution of suspensions from passive adaptation to active prediction [4] - The value distribution across the entire industry chain will be redefined in this technological revolution, with investment opportunities focusing on leading domestic component manufacturers, system integrators with advantages in electric control suspensions, and suppliers providing key enabling technologies for intelligent suspensions [4] Summary by Sections Industry Overview - The automotive suspension system connects the vehicle body to the wheels, playing a crucial role in cushioning road impacts and ensuring good contact between the wheels and the ground [5] - The industry can be categorized into passive, semi-active, and active suspensions based on their working principles and application scenarios [5][6] Industry Characteristics - High-end market core technology barriers are significant, with foreign companies having established a "patent moat" in core suspension technologies [8] - Electrification is driving technological iterations, with new energy vehicles imposing stricter requirements on suspension systems [9] - Intelligent technology is enabling the transition of suspension systems from mechanical passive modes to electronically controlled active modes [10] Development History - The automotive suspension system has evolved from passive systems in the 1930s to semi-active systems in the 1970s, and to active systems gaining traction in the 1990s [11][12][13][14][15] Industry Chain Analysis - The automotive suspension industry chain consists of upstream (core materials and components), midstream (system design and assembly), and downstream (vehicle application and aftermarket services) [16] - The upstream component supply segment is highly concentrated, dominated by international suppliers like ZF and Continental [17][22] - Midstream, system integrators are increasingly investing in R&D to enhance differentiation and supply chain security [18][19] Market Size and Growth - The automotive suspension market size is projected to grow from 67.25 billion RMB in 2019 to 83.42 billion RMB in 2024, with a compound annual growth rate (CAGR) of 4.40% [29] - The market is expected to further expand to 111.45 billion RMB by 2029, with a CAGR of 6.10% [29] Future Trends - The demand for high-performance suspension systems is increasing, with technology being downscaled to mid-range markets [32] - The rise of line-controlled suspension systems is anticipated to support the development of automotive intelligence [33] Competitive Landscape - The competitive landscape is characterized by a "global leaders and Chinese tiered catch-up" scenario, with high market concentration [39] - Chinese manufacturers are rapidly closing the technology gap with international giants, driven by the growth of the new energy vehicle market [43][44]

Core Insights - The report maintains a bullish outlook on the automotive industry, emphasizing the synergy between policies, exports, and smart technology, which is reshaping the market landscape [1][2]. Group 1: Industry Growth Logic - The automotive industry is projected to see a total sales volume of over 34 million units in 2025, with a year-on-year growth rate of approximately 8% [8]. - In the first ten months of 2025, cumulative sales reached 27.65 million units, reflecting a year-on-year increase of 12.29% [8][7]. - The penetration rate of new energy vehicles (NEVs) reached 46.70% in the same period, with cumulative sales of 12.91 million units, up 32.42% year-on-year [21][4]. - The export growth rate for NEVs was significantly higher at 87.57%, compared to domestic demand growth of 25.71% [21][4]. Group 2: Export Dynamics - In the first ten months of 2025, China's automotive exports reached 5.58 million units, marking a year-on-year increase of 15.05%, with exports accounting for 20.19% of total sales [11][10]. - The top ten exporting companies included Chery and BYD, with Chery exporting 1.063 million units, a 12.9% increase, and BYD's exports surging by 140% to 789,000 units [11][10]. Group 3: Domestic Demand - Domestic sales in the first ten months of 2025 totaled 22.06 million units, reflecting an 11.61% year-on-year increase [15][14]. - The "trade-in" policy has been enhanced to stimulate domestic demand, expanding the scope of vehicle scrappage and increasing subsidy standards [15][14]. Group 4: Self-owned Brands - The market share of domestic brands in passenger vehicles rose to 69.48% in the first ten months of 2025, up from 38.43% in 2022, with a growth rate of 21.31% [19][18]. - The overall growth rate for passenger vehicles was 12.80%, indicating a strong performance from domestic brands [19][18]. Group 5: Smart Technology and Parts - The smart driving market in China is expected to approach 450 billion yuan by 2025, with the penetration rate of L2-level assisted driving exceeding 50% [33][31]. - The report highlights the acceleration of domestic parts replacement, driven by supportive national policies and expanding market scales, particularly in the NEV sector [38][34]. - The synergy between smart connected vehicles and humanoid robots is noted, with both industries sharing over 50% of supply chain resources, which could significantly reduce production costs for robots [41][39]. Group 6: Investment Recommendations - Recommended companies in the complete vehicle sector include BAIC Blue Valley, GAC Group, and Great Wall Motors [47]. - In the parts sector, companies such as Bertley, Yinlun, and Longsheng Technology are highlighted as potential investment opportunities [47]. - For small-cap stocks, Baihehua is suggested as a promising investment [47].

Group 1 - The company Bertley (603596.SH) has established a lead screw company and a motor company focused on key components for robotics [1] - The robotics company is currently in the process of being set up, with production equipment for lead screws and motors in the selection phase [1] - Mass production is expected to be achieved by mid-next year [1]

（原标题：上市公司起诉前员工团队！EMB量产前夜，一场专利竞夺悄然展开！） 近日，A股上市公司伯特利(603596)披露，公司作为原告，以侵犯知识产权为由，向苏州坐标系智能科 技有限公司（下称"坐标系"）、苏州时睿千驷科技有限公司（下称"时睿千驷"）、颜士富、杨昆、章贞 等5名被告提起诉讼。 三名自然人被告均是伯特利前员工，颜士富还曾短暂出任过公司总经理。 证券时报·e公司记者注意到，这是一场围绕EMB（电子机械制动系统）专利的诉讼。当前，EMB正处 于从技术研发到量产的前夜，国内外厂商均在争抢产业化先机。伯特利、坐标系均是这场产业竞赛的参 与方。 上市公司起诉前员工团队 伯特利成立于2004年，于2018年4月在A股上市。公司主要从事汽车底盘系统及智能驾驶系统的研发、 制造与销售。 伯特利认为，坐标系所取得的"一种线控底盘系统及控制方法""一种路面激励的手感模拟系统及控制方 法"等5项专利属于非法取得，颜士富、杨昆通过所获知的公司（即伯特利）EMB等产品的相关核心技 术秘密，并在中国境内以申请专利的方式披露了该技术秘密，坐标系将该专利申请权/专利权据为己 有，构成侵犯公司知识产权的违法行为。 企查查显示，坐 ...