股票代码：300580 股票简称：贝斯特 公告编号：2025-018 无锡贝斯特精机股份有限公司 2024 年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股东会审议通过利润分配方案情况 1、无锡贝斯特精机股份有限公司（以下简称"公司"）2024 年度利润分配方 案已获公司 2025 年 5 月 16 日召开的 2024 年度股东会审议通过，具体分配方案 为：以总股本 500,543,865 股为基数，向全体股东每 10 股派发现金红利人民币 1.40 元（含税）；不进行资本公积金转增股本；不送红股。若公司总股本由于可 转债转股、股份回购、股权激励行权、再融资新增股份上市等原因发生变动的， 公司将按照"每股派发现金分红比例固定不变"的原则，即保持每 10 股派发现金 红利 1.40 元（含税）不变，相应调整现金红利总额。 2、自公司董事会审议通过利润分配方案之日起至方案实施期间公司总股本 未发生变化。 3、本次实施的分配方案与股东会审议通过的分配方案一致。 4、本次利润分配方案的实施距离公司股东会通过 2024 年度利润分配方案 的时 ...

Industry Overview - The planetary roller screw is a high-precision transmission device widely used in aerospace, robotics, medical devices, and precision instruments, with increasing demand driven by rapid development in these sectors [1][14] - The global market size for planetary roller screws is projected to reach $4.4 billion in 2024, representing a year-on-year growth of 91.30% [1][14] - Domestic companies have achieved significant breakthroughs in technology, with leading manufacturers like Nanjing Technology and Qinchuan Machine Tool overcoming challenges in material heat treatment and precision grinding [1][14] Industry Development History - The industry has evolved through four main stages, starting from its inception in the 1950s to 1970s, followed by a technology exploration phase from the 1980s to 2010, an initial industrialization phase from 2010 to 2015, and a rapid development phase from 2016 to present [5][6] - The rapid development phase has seen the adoption of planetary roller screws in Tesla's Optimus robot, with each unit using 14 screws, significantly boosting market demand [6][12] Industry Supply Chain - The supply chain includes upstream raw materials (alloy steel, stainless steel), components (screws, nuts, rollers), and production equipment (grinding machines, heat treatment equipment) [9] - The downstream applications encompass humanoid robots, aerospace, new energy equipment, industrial automation, and automotive industries [9] Market Size - The demand for planetary roller screws is particularly high in the humanoid robot sector, where precision, load capacity, and reliability are critical [1][14] - The production of humanoid robots in China is expected to reach 1,940 units in 2024, marking a year-on-year increase of 139.51% [12] Key Companies' Performance - The competitive landscape is characterized by international giants dominating the high-end market, while domestic manufacturers are rapidly catching up in the mid-to-low-end segments [16] - Companies like Nanjing Technology and Qinchuan Machine Tool are making strides in precision and production capacity, with Nanjing Technology achieving G3-level precision and Qinchuan Machine Tool entering Tesla's supply chain [16][18] Industry Development Trends 1. **Technological Breakthroughs**: The industry is experiencing rapid advancements in material science and processing technology, with domestic companies achieving product lifespans exceeding 50 million cycles [22] 2. **Application Explosion**: The humanoid robot sector is a key driver of demand, with projections indicating that global humanoid robot production could reach 5 million units by 2030 [23] 3. **Industry Integration and Globalization**: Companies are enhancing competitiveness through vertical integration and global expansion, with notable mergers and acquisitions expected to accelerate the entry of domestic firms into high-end markets [25]

Group 1 - The Ministry of Industry and Information Technology and other departments have launched the 2025 New Energy Vehicle (NEV) initiative to promote NEV usage in rural areas, focusing on quality and reliable models [1] - The initiative includes exhibitions, test drives, and collaboration with after-sales service, charging service, insurance, and financial service companies to enhance the NEV ecosystem in rural regions [1] - Policies such as tax reductions and incentives for vehicle trade-ins will encourage manufacturers to expand their product offerings and improve service levels in rural markets [1] Group 2 - Dongxing Securities notes that the automotive industry is experiencing intensified competition, impacting profitability and cash flow, but leading companies are still showing improvements in net profit and operating cash flow [2] - The release of new vehicles during auto shows and the ongoing effects of new policies are expected to gradually improve the performance of automotive companies in the second quarter [2] - Recommended companies for investment include SAIC Motor, Jianghuai Automobile, BYD, Changan Automobile, and others within the automotive and related sectors [2]

Core Viewpoint - The article discusses the upcoming humanoid robot combat event organized by Yushu Technology, highlighting the significance of humanoid robots in the context of AI and advanced manufacturing, particularly focusing on the role of planetary roller screws as a core component in humanoid robots [1][3]. Summary by Sections Humanoid Robot Combat Event - Yushu Technology has announced the first humanoid robot combat event scheduled for May 25 in Hangzhou, featuring both performance and competitive segments [1]. - The performance segment will showcase humanoid robots engaging in traditional combat sports, while the competitive segment will involve four teams competing in real-time controlled matches [1]. Importance of Planetary Roller Screws - Planetary roller screws are identified as critical components that convert rotational motion into linear motion, affecting the precision and stability of humanoid robots [1]. - The main types of screws include trapezoidal screws, ball screws, and planetary roller screws, with the latter being favored for its high efficiency, precision, longevity, and load capacity, despite higher manufacturing costs [1][3]. Market Dynamics and Domestic Opportunities - The planetary roller screw market is currently dominated by foreign brands due to their technological lead and established customer bases, as domestic companies began developing these products only in the 1990s [3]. - Domestic leading companies are actively entering the planetary roller screw market, aiming for domestic substitution and growth opportunities in the humanoid robot sector [3]. Company Profiles Beite Technology - Established in 2002, Beite Technology specializes in automotive components and has a strong technical foundation in the industry [4][5]. - The company is expanding into the humanoid robot sector, leveraging its existing technology and product offerings to develop various screw products, including planetary roller screws [7][8]. Wuzhou Xinchun - Founded in 1999, Wuzhou Xinchun has over 20 years of experience in precision manufacturing and is transitioning into high-end applications, including components for humanoid robots [9][11]. - The company has developed several new products, including reverse planetary roller screws, and is focusing on high-end precision screw business as a new growth avenue [11]. Shuanglin Co., Ltd. - Established in 2000, Shuanglin Co., Ltd. specializes in automotive parts and is expanding into humanoid robot components, particularly reverse planetary roller screws [12][14]. - The company has successfully developed prototypes for humanoid robot joints and is establishing production lines for planetary roller screws [12][14]. Best - Founded in 1997, Best focuses on precision components and has extended its business into humanoid robots, developing high-precision screw products [15][17]. - The company is leveraging its subsidiary, Yuhua Precision Machinery, to enhance its technological capabilities in the screw industry [17]. Hengli Hydraulic - Established in 2005, Hengli Hydraulic specializes in hydraulic components and is advancing into linear actuators, including planetary roller screws [18][20]. - The company is investing significantly in R&D for its linear actuator project, which includes various screw products [20]. Slin Co., Ltd. - Founded in 2004, Slin Co., Ltd. is focusing on automotive bearings and is now entering the robot components market, particularly in harmonic reducers and actuators [21][23]. - The company is developing production lines for robot components, including planetary roller screws, to capitalize on the growing market [23].

Core Viewpoint - The legal opinion letter from Jiangsu Taihu Law Firm confirms the legality and compliance of the convening and conducting procedures of the 2024 annual general meeting of Wuxi Best Precision Machinery Co., Ltd, as well as the qualifications of attendees and the voting procedures and results [1][10]. Group 1: Meeting Procedures - The annual general meeting was convened by the company's board of directors, with a notice published on April 21, 2025, detailing the meeting's time, location, and voting methods [2][3]. - The meeting was held in accordance with the relevant provisions of the Company Law, Shareholders' Meeting Rules, and the company's articles of association [4][10]. Group 2: Attendee Qualifications - A total of 230 shareholders and their proxies attended the meeting, representing 303,776,480 shares with voting rights, which is approximately 99.99% of the total voting shares [5][6]. - The attendees included company directors, supervisors, and senior management, confirming compliance with legal requirements [4][5]. Group 3: Voting Procedures and Results - The meeting utilized a combination of on-site and online voting, with results verified by appointed representatives and legal witnesses [5][10]. - The total votes in favor amounted to 303,726,514 shares, representing approximately 99.99% of the valid votes cast [6][9]. - The voting results for minority shareholders were also disclosed separately, ensuring transparency and compliance with regulations [10]. Group 4: Conclusion - The legal opinion concludes that all aspects of the meeting, including convening, attendee qualifications, and voting procedures, are in accordance with applicable laws and regulations, rendering the resolutions passed at the meeting valid [10][11].

股票代码：300580 股票简称：贝斯特 公告编号：2025-017 无锡贝斯特精机股份有限公司 2024 年度股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会没有议案被否决； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席的情况 （一）会议召开情况 1、会议时间 （1）现场会议时间：2025 年 5 月 16 日（星期五） 下午 1：00 （2）网络投票时间：2025 年 5 月 16 日。其中，通过深圳证券交易所交易 系统进行网络投票的时间为 2025 年 5 月 16 日 9:15—9:25，9:30—11:30 和 13:00—15:00；通过深圳证券交易所互联网投票系统进行投票的具体时间为2025 年 5 月 16 日 9:15—15:00。 2、现场会议召开的地点：江苏省无锡市滨湖区胡埭工业园陆藕东路186号 公司陆藕东路厂区408会议室 3、召开方式：以现场表决与网络投票相结合的方式召开 4、召集人：公司董事会 （1）出席本次股东会现场会议的股东及股东代理人共4名（代表7名股 东）， ...

贝斯特 2024 年度股东会法律意见书 江苏太湖律师事务所 江苏省无锡市太湖西大道 2168 号佳城大厦 411 室 | 江苏省无锡市太湖西大道 | 电子邮件：shanshiwen@jsthlaw.com | | --- | --- | | 2168 号佳城大厦 411 室 | 电话 TEL. : 86-510-8589-8601 | | 邮编：214072 | 传真 FAX. : 86-510-8589-8602 | 之 法律意见书 2025 年 5 月 16 日 1 4/F, Jiacheng Building, No.2168 West TaiHuAvenue, Wuxi City, 214072, JiangSu, PRC 江苏太湖律师事务所 关于 无锡贝斯特精机股份有限公司 2024 年度股东会 贝斯特 2024 年度股东会法律意见书 江苏太湖律师事务所 致：无锡贝斯特精机股份有限公司 江苏太湖律师事务所（以下称"本所"）接受贵公司的委托，指派律师 （以下称"本所律师"）出席贵公司 2024 年度股东会（以下称"本次股东 会"），并依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司 ...

Group 1: Financial Performance - In 2024, the company achieved operating revenue of 135,704.53 million yuan, a year-on-year increase of 1.03% [1] - The net profit attributable to shareholders in 2024 was 28,874.97 million yuan, up 9.58% year-on-year [1] - In Q1 2025, the company reported operating revenue of 34,959.21 million yuan, a year-on-year increase of 1.89% [1] - The net profit attributable to shareholders in Q1 2025 was 6,939.86 million yuan, a slight increase of 0.23% year-on-year [1] Group 2: Client Relationships - The company has established long-term stable business relationships with major clients in the precision components sector, including Garrett, Cummins, and BorgWarner [1][2] - In the intelligent equipment and tooling business, the company is a key supplier for well-known manufacturers such as SAIC General and Weichai Power [2] - The company's share in the new energy vehicle components sector is rapidly increasing due to an expanding customer base [2] Group 3: Product Development and Innovation - The wholly-owned subsidiary Yuhua Precision Machinery has successfully validated and widely applied high-precision rolling screw assemblies and linear guide products [3] - The company showcased several products at the 19th China International Machine Tool Exhibition, including high-precision ball screw assemblies and linear guides [4] - Continuous innovation efforts include the development of high-end equipment such as a dedicated grinding machine for high-precision double-end face center holes and a ball screw life testing machine [4]

Core Viewpoint - The company reported stable performance in its main business, with revenue and net profit growth in 2024 and a slight increase in Q1 2025, indicating operational resilience [1][2]. Financial Performance - In 2024, the company achieved revenue of 1.357 billion, a year-on-year increase of 1.03%, and a net profit attributable to shareholders of 289 million, up 9.58% year-on-year [1]. - For Q1 2025, the company reported revenue of 350 million, a year-on-year increase of 1.89%, and a net profit attributable to shareholders of 69 million, up 0.23% year-on-year [1]. Industry Context - The domestic automotive industry saw production and sales growth of 3.7% and 4.5% respectively in 2024, with the new energy vehicle sector experiencing significant growth of 34.4% in production and 35.5% in sales [2]. - The company's main products, including turbocharger components and new energy vehicle parts, saw sales growth, with turbocharger components generating revenue of 1.058 billion, up 4.3%, and new energy vehicle components achieving sales of 9.1077 million units, up 38.7% [2]. Profitability Improvement - The company achieved a gross margin of 34.7% in 2024, an increase of 0.24 percentage points year-on-year, while maintaining stable gross margins in the automotive parts business [3]. - The company implemented cost control measures, resulting in a decrease in the expense ratio by 1.92 percentage points year-on-year, with reductions in sales, management, R&D, and financial expense ratios [3]. Business Expansion - The company is advancing its third-tier business, with successful validation and application of machine tool screws and guides, and has begun rolling deliveries of small batch orders [4]. - The company is accelerating investment in its overseas operations, particularly in Thailand, to mitigate international trade friction and support global expansion of its first and second-tier industries [4]. - The company expects continued revenue growth from its screw-related products in various sectors, including machine tools, automotive, and robotics [4].

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - The company is expected to maintain growth in 2024, with a resilient performance in Q1 2025. The gross margin remains stable, and there is a notable improvement in expense ratios, enhancing profitability [2][6]. - The main business operations are stable, with strong collaborations with leading clients in the turbocharger sector and ongoing expansion into new customer resources. The production capacity for new energy vehicle components is steadily being realized [2][11]. - The company's profitability has improved significantly, with a gross margin of 34.7% in 2024, an increase of 0.24 percentage points year-on-year. The company has implemented cost control measures, leading to a decrease in the expense ratio by 1.92 percentage points [11]. - The third-tier business is expected to gain momentum, with successful validation and application of machine tool screws and guides in the domestic market. The company is also accelerating investment in overseas production capacity to solidify its global development strategy [11]. Summary by Sections Financial Performance - In 2024, the company achieved revenue of 1.357 billion, a year-on-year increase of 1.03%. The net profit attributable to the parent company was 289 million, up 9.58% year-on-year [6]. - For Q1 2025, the company reported revenue of 350 million, a year-on-year increase of 1.89%, and a net profit of 69 million, a slight increase of 0.23% year-on-year [6]. Business Operations - The company’s main products, including turbocharger components, saw revenue of 1.058 billion, a year-on-year increase of 4.3%. Sales of new energy vehicle components reached 910.77 million units, a growth of 38.7% [11]. - The company is actively pursuing new product development and customer acquisition, with the completion of the Anhui Best project in 2024, which will enhance production capacity [11]. Future Outlook - The company is projected to achieve net profits of 347 million and 410 million in 2025 and 2026, respectively, with corresponding price-to-earnings ratios of 40x and 34x, maintaining a "Buy" rating [11].