关于芜湖伯特利汽车安全系统股份有限公司 向不特定对象发行可转换公司债券之 上市保荐书 保荐机构 （北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层） 二〇二四年七月 3-2-1 芜湖伯特利汽车安全系统股份有限公司 上市保荐书 一、发行人基本情况 （一）发行人基本资料 | 公司名称 | | | 芜湖伯特利汽车安全系统股份有限公司 | | --- | --- | --- | --- | | 英文名称 | Bethel Automotive Safety Systems Co., Ltd. | | | | 注册地址 | 中国(安徽)自由贸易试验区芜湖片区泰山路 号 19 | | | | 成立时间 | 2004 年 6 月 | 25 | 日 | | 注册资本 | 43,325.1529 万元 | | | | 法定代表人 | 袁永彬 | | | | 上市时间 | 2018 年 4 月 27 日 | | | | 上市板块 | 主板 | | | | 经营范围 | 研发、制造和销售各类汽车安全系统零部件、电子控制模块、软件及总 成；相关产品技术及管理咨询服务；不动产、设备租赁服务；货物及技 术进出口。（ ...

Investment Rating - The report indicates a positive investment outlook for the company, with a notable increase in stock price by 15% over the last five trading days [1]. Core Insights - The company, Bertley, specializes in automotive brake systems, intelligent driving systems, and steering systems, with a strong focus on line control braking systems, which are essential for advanced intelligent driving [2]. - The line control braking technology is projected to penetrate 30% of the market by 2026 in China, with a market size expected to reach 20.1 billion yuan, reflecting a compound annual growth rate (CAGR) of 49.6% from 2022 to 2026. The global market is anticipated to reach 55.2 billion yuan, with a CAGR of 47.1% [2]. - Bertley holds a 12.9% share of the domestic retail market for line control braking products, ranking second [2]. Company Overview and Performance - Bertley reported a revenue of 7.47 billion yuan in 2023, a year-on-year increase of 34.9%, and a net profit attributable to shareholders of 890 million yuan, up 27.6% [3]. - In Q1 2024, the company achieved a revenue of 1.86 billion yuan, representing a 24% year-on-year growth, with a net profit of 210 million yuan, up 22% [3]. - The sales volume of intelligent electronic control products reached 922,000 units, a 28% increase year-on-year, while disc brake sales grew by 13% to 685,000 units, and lightweight brake components surged by 52% to 2.785 million units [3]. Market Position and Clientele - Bertley has a diverse client base, including major international and joint venture clients such as General Motors, Ford, Volvo, and various domestic automakers like BYD, Geely, and Changan [3][7]. - The company has secured new projects, including a lightweight project with a North American electric vehicle manufacturer, expected to generate approximately 120 million USD in total sales over five years, and an EPB project with a German joint venture, projected to yield around 60 million yuan over eight years [6][7]. Catalysts and Market Behavior - Recent developments in intelligent driving, including the popularity of Baidu's autonomous driving initiatives and the opening of smart connected vehicle applications in Shanghai, are expected to benefit Bertley [8]. - The company has seen increased financing activity, with a notable inflow of "northbound funds" and a rise in shareholding by public funds [14][15].

证券代码：603596 证券简称：伯特利 公告编号：2024-050 芜湖伯特利汽车安全系统股份有限公司 关于 2024 年度"提质增效重回报"行动方案的公告 过持续研发投入，进一步拓展产品品类，如副车架、铸铝卡钳、轮房等，以满足 客户多样化需求，并且在墨西哥一期项目已于 2023 年四季度顺利投产情况下， 快速推进墨西哥二期项目的产能建设，并将于 2024 年实现量产。 在汽车转向产品方面，公司将持续推进电控转向产品的研发，并逐步实现向 线控转向系统进阶。 在智能驾驶领域，公司将积极推广已有的 L2 及 L2+级别 ADAS 产品的商业 化，并在行泊一体化域控制器、高精地图、智能算法等方面展开研发。 此外，伴随汽车智能化、电动化趋势的演进，叠加国产替代趋势，中国品牌 有望迎来历史性发展机遇。受益于领先的技术、有竞争力的成本及良好的服务品 质，公司将在 EPB、WCBS、ADAS 等产品已形成较强竞争力的基础上，结合对 相关产品在手订单情况及对市场的预判，稳健地推进相关产品的产能扩张和产线 升级。 二、重视投资者回报，共享发展成果 自上市以来，公司高度重视投资者的合理回报，在综合考虑公司盈利情况、 未来发展规 ...

证券代码：603596 证券简称：伯特利 公告编号：2024-049 芜湖伯特利汽车安全系统股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 截至 2024 年 6 月 30 日，公司通过上海证券交易所交易系统以集中竞价交易方 式已累计回购股份 275,900 股，占公司截至 2024 年 6 月 30 日总股本的 0.0455%， 成交最低每股价格为 35.13 元，成交最高每股价格为 55.72 元（资本公积转增前回 购），累计已支付的资金总额为人民币 10,267,164.00 元（不含交易费用）。 本次回购符合相关法律法规规定及公司回购方案的要求。 一、 回购股份的基本情况 公司于 2024 年 1 月 31 日召开的第三届董事会第二十六次会议审议通过了《关 于公司以集中竞价交易方式回购股份的议案》, 同意公司以自有或符合法律法规规 定的自筹资金通过集中竞价交易方式回购部分公司股票，并将该回购股份用于后期 公司管理层和核心骨干员工实施股权激励或员工持股计划。回购股票价格的上限为 90.43 元/股（含），回购股票数量为不低于 120 万股（含）且不超过 180 万股（含）， 占公司截至 20 ...

证券代码：603596 证券简称：伯特利 公告编号：2024-048 芜湖伯特利汽车安全系统股份有限公司 关于股东部分股份质押展期的公告 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个别及连带 责任。 重要内容提示: 截至本公告披露日，芜湖伯特利汽车安全系统股份有限公司（以下简称 "公司"）股东芜湖伯特利投资管理中心（有限合伙）（以下简称"伯特利投 资"）持有公司股份 29,313,784 股，占公司股份总数的 4.83%。累计质押股份 数量（含本次）为 980,000 股，占其持股数量的比例为 3.34%，占公司总股本 比例为 0.16%。 伯特利投资及其一致行动人袁永彬（YUAN,YONGBIN）合计持有公司股份 总数为 139,918,124 股。占公司总股本比例为 23.07%。截至本公告披露日，伯 特利投资及其一致行动人袁永彬（YUAN,YONGBIN）累计质押股份数量（含本 次）为 980,000 股，占伯特利投资及其一致行动人袁永彬（YUAN,YONGBIN）合 计持股数量的比例为 0.70% 1 一、本次股份质押展期的 ...

Summary of Conference Call Transcript Company and Industry Involved - The company is one of the three major enterprises in China with large-scale production and long-term production experience in its industry [1] - The industry has a scarcity of overseas competitors, with many foreign companies from the US, Germany, and France involved [1] Core Points and Arguments - The company has a competitive edge due to its established production capabilities and experience in the market [1] - There is a notable shift in the industry landscape, particularly with foreign companies like Magna being observed [1] - The acquisition of French company Bailian by Wencan indicates consolidation trends within the industry [1] Other Important but Possibly Overlooked Content - The presence of foreign investment and competition highlights the global nature of the industry, suggesting potential challenges and opportunities for domestic players [1]

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个别及连带 责任。 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准芜湖伯特利 汽车安全系统股份有限公司公开发行可转换公司债券的批复》（证监许可（2020） 3389 号）核准，芜湖伯特利汽车安全系统股份有限公司（以下简称"公司"）向社 会公开发行 902 万张可转换公司债券，发行价格为每张人民币 100 元，募集资金总 额为人民币 902,000,000.00 元，扣除不含税发行费用人民币 6,892,988.11 元,募 集资金净额为人民币 895,107,001.89 元。上述募集资金已于 2021 年 7 月 5 日全部 到位，容诚会计师事务所（特殊普通合伙）已对公司公开发行 A 股可转换公司债券 的募集资金到位情况进行了审验，并出具了"容诚验字[2021]230Z0149 号"《验资 报告》。 二、募集资金存放及管理情况 为规范公司募集资金管理，保护投资者的权益，公司按照《公司法》《证券法》 《上市公司监管指引第 2 号——上市公司募集资金管理和使 ...

Financial Data and Key Metrics Changes - The company expects to achieve a revenue of 1.15 billion this year, with a growth rate of approximately 30% [1][3] - The lightweight chassis business is projected to contribute around 2 billion in revenue this year, with profits estimated between 250 million to 300 million, reflecting at least a 25% growth [1][2] Business Line Data and Key Metrics Changes - The lightweight chassis business has made significant breakthroughs in Mexico, with expected production value reaching 400 million this year [1] - The company's EPB (Electronic Parking Brake) business, holding a market share of about 25%, is anticipated to grow by 30% this year and next year [1][3] - The EMB (Electric Mechanical Brake) system is expected to enter mass production by 2026, with significant market potential [1][3] Market Data and Key Metrics Changes - The company has established a 2 billion production capacity for lightweight components in Mexico, indicating strong growth potential in the North American market [2] - The domestic market for EPB is experiencing a shift towards local replacements, with the company positioned well against foreign competitors [3] Company Strategy and Development Direction - The company is focusing on next-generation autonomous driving hardware, particularly the EMB system, which is seen as a key growth area [1][2] - The strategy includes leveraging the growing demand for lightweight components in electric vehicles, particularly in North America [1][2] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth of the autonomous driving hardware segment, citing a solid performance foundation in the short term [1] - The company anticipates continued strong performance driven by the EPB and lightweight business segments, with a favorable valuation outlook [3] Other Important Information - The company has secured a key order for EPB from a leading joint venture automaker, expected to enter mass production by 2025 [1][3] - The competitive landscape is shifting, with opportunities for domestic players to replace established foreign competitors in the EPB market [3] Q&A Session Summary Question: What is the outlook for the lightweight chassis business? - The company has made significant progress in the lightweight chassis business in Mexico, with major clients being the top three OEMs in North America, leading to improved operational conditions [1] Question: How is the EMB system expected to perform? - The EMB system is anticipated to have a large market potential and is progressing well, with mass production expected by 2026 [1][3] Question: What are the growth expectations for the EPB business? - The EPB business is expected to grow by 30% this year and next year, supported by domestic replacement trends and new orders [3]

Summary of Conference Call Company or Industry Involved - The conference call is associated with Guolian Securities Research Institute, focusing on investment management and advisory services. Core Points and Arguments - The call is intended exclusively for clients on the whitelist of Guolian Securities Research Institute, emphasizing the selective nature of the audience [1] - It is clearly stated that the content of the meeting does not constitute investment advice, highlighting the importance of independent decision-making by participants [1] - Participants are reminded that they bear the responsibility for their investment decisions and any associated risks [1] - Guolian Securities disclaims any liability for losses incurred by individuals using the content of the meeting [1] Other Important but Possibly Overlooked Content - The call underscores the regulatory framework surrounding investor suitability, indicating a focus on compliance and risk management in investment practices [1]

芜湖伯特利汽车安全系统股份有限公司 证券代码：603596 证券简称：伯特利 公告编号：2024-046 公司于 2024 年 5 月 20 日实施 2023 年度利润分配及资本公积转增，实施完毕 后，公司总股本调整为 606,545,820 股，公司以集中竞价方式回购股份的价格上限 由不超过人民币 90.43 元/股（含）调整为不超过人民币 64.35 元/股（含），价格上 限调整起始日期为 2024 年 5 月 20 日，具体内容详见公司 2024 年 5 月 14 日刊登在 上海证券交易所网站（www.sse.com.cn）及《中国证券报》上的《伯特利关于实施 2023 年权益分派后调整回购股份价格上限的公告》（公告编号：2024-045）。 二、 回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号 ——回购股份》等相关规定，公司在回购期间，应当在每个月的前 3 个交易日内公 告截至上月末的回购进展情况，现将公司回购股份的进展情况公告如下： 关于以集中竞价交易方式回购公司股份的进展公告 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 ...