无锡贝斯特精机股份有限公司 2024 年度审计委员会工作报告 一、审计委员会基本情况： 第四届董事会审计委员会由独立董事汪群峰（召集人）、独立董事纪志成、 董事曹逸 3 名成员组成，其中召集人汪群峰为高级会计师、注册会计师。委员会 的成员组成符合《董事会审计委员会工作细则》的规定。第四届董事会审计委员 会任期自 2023 年 4 月 14 日至 2026 年 4 月 14 日止。 二、审计委员会履职情况： （一）报告期内召开会议情况： 1、2024年1月15日，审计委员会全体成员审议了《2023年内部审计部工作总 结》和《2024年内部审计部工作计划》。审计委员会听取公司内部审计部门关于 2023年度工作总结及2024年工作计划。 2、2024年2月17日，审计委员会全体成员听取了《2023年公司经营情况及财 务情况》，要求公司严格按照相关法律法规和规章制度的规定进行2023年度报告 的编制和审计任务。此外审计委员会全体成员与年审注册会计师在公司进行了现 场沟通，年审会计师汇报了审计工作安排；并听取了公司管理层关于2023年公司 经营情况及财务情况的汇报。 3、2024年3月15日，审计委员会全体成员审议了《 ...

无锡贝斯特精机股份有限公司 2024 年度财务决算报告 公司 2024 年 12 月 31 日资产负债表、2024 年度利润表、2024 年度现金流量 表及相关报表附注已经公证天业会计师事务所(特殊普通合伙)审计，并出具苏公 W[2025]A365 号标准无保留意见的审计报告。结合公司实际运营中的具体情况， 做了研究分析，现将公司有关财务决算情况汇报如下： 报告期内，公司实现营业收入 135,704.53 万元，同比增长 1.03%；实现归属 于上市公司股东的净利润 28,874.97 万元，同比增长 9.58%；实现基本每股收益 0.5785 元，同比增长 4.76%。 | 项目 | 年 2024 | 年 2023 | 同比增减 | | --- | --- | --- | --- | | 营业收入 | 135,704.53 | 134,324.59 | 1.03% | | 营业利润 | 32,703.22 | 29,890.78 | 9.41% | | 归属于上市公司股东的净利 | 28,874.97 | 26,350.77 | 9.58% | | 润 | | | | | 扣除非经常性损益的净利润 | 26 ...

股票代码：300580 股票简称：贝斯特 公告编号：2025-013 无锡贝斯特精机股份有限公司 关于召开 2024 年度股东会的通知 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。 无锡贝斯特精机股份有限公司（以下简称"公司"）将于 2025 年 5 月 16 日（星期五）于公司陆藕东路厂区 408 会议室召开 2024 年度股东会，并提供网 络投票表决方式。现将相关事项通知如下： 一、召开会议的基本情况 1、会议届次：2024 年度股东会。 2、会议召集人：公司董事会。2025 年 4 月 18 日，公司第四届董事会第十 五次会议审议通过了《关于召开公司 2024 年度股东会的议案》。 3、会议召开的合法、合规性：本次股东会会议召开符合有关法律、行政法 规、部门规章、规范性文件和公司章程的规定。 4、会议召开时间： （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： ...

股票代码：300580 股票简称：贝斯特 公告编号：2025-005 无锡贝斯特精机股份有限公司 第四届监事会第十二次会议决议公告 本公司及监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。 无锡贝斯特精机股份有限公司（以下简称"公司"）第四届监事会第十二 次会议于 2025 年 4 月 7 日以电子邮件方式发出会议通知，于 2025 年 4 月 18 日 以现场方式召开。会议应出席监事 3 名，实际出席监事 3 名,本次会议由监事会 主席华刚先生主持。本次会议符合《公司法》及《公司章程》的有关规定。会议 审议通过了以下议案： 一、关于公司 2024 年年度报告及其摘要的议案； 表决结果：同意票 3 票，反对票 0 票，弃权票 0 票。 经审议，监事会认为：公司《2024 年年度报告》及《2024 年年度报告摘要》 的程序符合相关法律、法规和中国证监会的规定，报告内容真实准确地反映了上 市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见公司同日刊登在巨潮资讯网（http://www.cninfo.com.cn）上 的《无锡贝斯特精机股份有限公司 ...

股票代码：300580 股票简称：贝斯特 公告编号：2025-004 无锡贝斯特精机股份有限公司 第四届董事会第十五次会议决议公告 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。 无锡贝斯特精机股份有限公司（以下简称"公司"）第四届董事会第十五次 会议于 2025 年 4 月 7 日以电子邮件方式发出会议通知，于 2025 年 4 月 18 日以 现场方式召开。会议应出席董事 5 名，实际出席董事 5 名,本次董事会由董事长 曹余华先生主持。本次会议符合《公司法》及《公司章程》的有关规定。会议审 议通过了以下议案： 一、关于公司 2024 年年度报告及其摘要的议案； 表决结果：同意票 5 票，反对票 0 票，弃权票 0 票。 具体内容详见公司同日刊登在巨潮资讯网（http://www.cninfo.com.cn）上 的《无锡贝斯特精机股份有限公司 2024 年年度报告》（公告编号：2025-014）、 《无锡贝斯特精机股份有限公司 2024 年年度报告摘要》（公告编号：2025-015）。 本项议案已经公司董事会审计委员会全体成员审议通过。 二、关于公司 20 ...

股票代码：300580 股票简称：贝斯特 公告编号：2025-006 无锡贝斯特精机股份有限公司 关于 2024 年度利润分配方案的公告 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。 无锡贝斯特精机股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日召 开第四届董事会第十五次会议、第四届监事会第十二次会议及第四届董事会独立 董事专门会议 2025 年第一次会议，审议通过了《关于公司 2024 年度利润分配方 案的议案》，现将相关事宜公告如下： 一、公司利润分配方案 经公证天业会计师事务所(特殊普通合伙)审计，2024 年度，本公司合并财 务报表实现归属于上市公司股东的净利润为 288,749,689.21 元，母公司报表实 现净利润为 302,924,995.58 元 ， 2024 年末合并报表未分配利润为 1,338,278,436.62元，2024年末母公司报表未分配利润为1,352,741,767.53元。 按照母公司与合并报表可分配利润数孰低的原则，2024 年末可供分配利润为 1,338,278,436.62 元。 根据《公司法》、《 ...

Financial Performance - The company's revenue for Q1 2025 was CNY 349,592,095.51, representing a 1.89% increase compared to CNY 343,114,436.07 in the same period last year[4] - Net profit attributable to shareholders was CNY 69,398,611.60, a slight increase of 0.23% from CNY 69,241,291.66 year-on-year[4] - The company experienced a 371.97% increase in investment income, reaching CNY 7,393,731.93 compared to a loss of CNY -2,718,633.40 in the previous year[11] - Net profit for the current period was ¥69,400,095.98, slightly down from ¥69,440,180.62 in the previous period, reflecting a decrease of 0.06%[22] - The company’s total comprehensive income for the current period was ¥69,519,698.74, slightly up from ¥69,440,180.62 in the previous period[22] Cash Flow - Operating cash flow net amount increased by 13.08% to CNY 54,690,919.03 from CNY 48,365,790.79 in the previous year[4] - Cash flow from operating activities generated a net amount of ¥54,690,919.03, up from ¥48,365,790.79 in the previous period, indicating a growth of 6.8%[24] - The company reported a significant cash outflow related to investment activities, which may impact future liquidity[25] - Net cash flow from investment activities was -86,315,219.63, compared to -65,563,676.08 in the previous period[25] - The net increase in cash and cash equivalents was -31,638,836.66, compared to -17,141,734.17 in the previous period[25] Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 3,735,995,543.02, a 0.13% increase from CNY 3,731,065,443.12 at the end of the previous year[5] - The total liabilities decreased to CNY 560,848,974.94 from CNY 626,755,603.68, indicating a reduction of about 10.5%[18] - The total current liabilities decreased to CNY 345,194,603.27 from CNY 406,478,214.54, indicating a reduction of about 15.0%[18] - The company's cash and cash equivalents decreased to CNY 154,680,067.27 from CNY 186,286,103.48, reflecting a decline of approximately 16.4%[17] - The company's accounts receivable decreased to CNY 465,524,817.07 from CNY 487,097,309.16, a decline of approximately 4.4%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,602, with the largest shareholder holding 49.67% of the shares[13] - The equity attributable to shareholders increased by 2.29% to CNY 3,164,891,244.24 from CNY 3,094,055,999.98 at the end of the last year[5] - The company's total equity remained stable at CNY 3,175,146,568.08, unchanged from the previous period[18] Research and Development - Research and development expenses rose significantly by 46.27% to CNY 18,119,917.78, up from CNY 12,387,652.23 in Q1 2024[11] - Research and development expenses rose significantly to ¥18,119,917.78, an increase of 46.5% compared to ¥12,387,652.23 in the previous period[21] Corporate Governance and Reporting - The first quarter report was not audited, indicating potential implications for financial reliability[26] - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[26] - The cash flow from financing activities was not detailed, indicating a need for further clarification in future reports[25] - The board meeting was held on April 21, 2025, indicating ongoing corporate governance activities[27]

Investment and Expansion - The company plans to invest in a new factory in Thailand to enhance its international market presence and competitiveness [7]. - The company is actively pursuing domestic market expansion to offset potential declines in international business due to global uncertainties [7]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [26]. - The company is expanding its international presence by investing in a new facility in Thailand, which is currently under construction, to enhance its global competitiveness [128]. - The company plans to expand its international presence, particularly in Thailand, as part of its overseas investment strategy [168]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a year-over-year growth of 15% [26]. - The company has set a future revenue guidance of 1.5 billion yuan for the next fiscal year, indicating an expected growth of 25% [26]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the fiscal year, representing a growth of 20% year-over-year [189]. - The company has set a future outlook with a revenue target of 1.8 billion CNY for the next fiscal year, indicating a projected growth of 20% [189]. - The company reported a total of ¥26,030,350.52 in non-recurring gains for 2024, compared to ¥20,488,049.66 in 2023 [37]. Product Development and Innovation - The company aims to expand its product offerings in the electric and hydrogen fuel vehicle components market to align with industry trends [9]. - New product development includes the launch of a next-generation turbocharger, which is projected to enhance efficiency by 30% [26]. - The company is focusing on the production of precision components and intelligent equipment, with a strategic layout in three main business segments: precision parts, new energy vehicle components, and industrial machinery [68]. - The company is actively engaging in new product development and customer acquisition to strengthen its second-tier industry layout [125]. - The company is developing a vacuum die-casting process and automated intelligent production lines for DCDC converters, which are essential components for electric vehicles, indicating significant market potential in the emerging electric vehicle industry [145]. Market Trends and Economic Outlook - The global economy is projected to grow by 3.2% in 2024, with developed economies expected to grow by 1.8% [41]. - China's GDP for 2024 is expected to reach ¥134.9 trillion, with a growth rate of 5.0% compared to the previous year [43]. - The automotive industry in China is expected to continue its transformation, with a focus on high-quality development and increased market resilience in 2024 [53]. - The total sales of NEVs in China for 2025 are expected to reach approximately 16 million units, representing a year-on-year growth of 24.4% [174]. - The company is closely monitoring raw material prices, including aluminum and copper, to mitigate the impact of price volatility on profitability [184]. Risk Management - The company acknowledges risks from international trade environment changes, particularly due to geopolitical tensions, and is adapting its strategies accordingly [7]. - The company is implementing measures to manage foreign exchange risks associated with its international operations, particularly in USD settlements [13]. - Currency fluctuations pose a risk to the company's export operations, particularly with the potential depreciation of the RMB against the USD [186]. - The company is taking measures to improve product development and operational efficiency to counteract potential declines in product pricing [185]. - The company is adopting strategies to minimize foreign exchange losses by focusing on stable political and economic regions for international business [187]. Operational Efficiency - The company is enhancing its production capabilities through automation and process optimization to improve efficiency and reduce costs [12]. - The company is focusing on cost reduction and efficiency improvement in its first-tier industry, which includes turbocharger core components and precision parts [123]. - The company is implementing intelligent manufacturing techniques to enhance the production of high-end CNC machine tool rolling functional components, which will boost confidence in the machine tool and component industry [145]. - The company aims to enhance its supply chain efficiency, targeting a reduction in operational costs by 10% over the next year [190]. - The company is focusing on smart manufacturing, leveraging big data, automatic control, and industrial IoT technologies to enhance its operational efficiency and product quality [129]. Governance and Compliance - The company has established a complete internal control system, ensuring independence from the controlling shareholder [198]. - The company adheres to legal regulations in the appointment and operation of its board and supervisory board members [199]. - The company has a well-defined governance structure that promotes the rights of all shareholders, especially public shareholders [197]. - The company has not provided guarantees for the controlling shareholder or allowed the controlling shareholder to occupy company funds [198]. - The company has implemented measures to ensure the supervisory board can effectively supervise the financial activities and compliance of the management [200].

Investment Rating - The report maintains a "Buy" rating for the company [5][8]. Core Views - The company is a leader in the turbocharger components industry, with a three-tiered strategic layout that positions it for future growth. The revenue scale continues to grow, with a compound annual growth rate (CAGR) of 10.9% from 2019 to 2023. In Q1-Q3 2024, the company achieved revenue of 1.04 billion yuan, a year-on-year increase of 3.5%, and a net profit attributable to shareholders of 220 million yuan, up 7.1% year-on-year [3][4][5]. Summary by Sections 1. Introduction - The report provides an in-depth analysis of the company, which has been focused on precision component manufacturing since its establishment. It has expanded its business boundaries and formed a three-tiered industrial strategy covering traditional precision components, new energy vehicle components, and linear motion functional components [13]. 2. Precision Component Leader - The company has a rich product matrix, with turbocharger components being the main revenue source, accounting for over 70% of total revenue since 2019. The company has established long-term stable business relationships with major manufacturers in the turbocharger and engine sectors [28][31]. 3. Turbocharger Components - The company continues to deepen its internal capabilities, establishing a solid foundation for performance. The increasing strictness of passenger car emission standards is expected to drive the penetration rate of turbochargers. The market for turbocharger components is projected to grow steadily, with expected revenues of 1.12 billion, 1.22 billion, and 1.33 billion yuan from 2024 to 2026, representing year-on-year growth rates of 10%, 9.5%, and 9% respectively [3][4][5][49]. 4. New Energy Vehicle Components - The company is actively advancing its new energy vehicle components business through both organic growth and acquisitions. The first phase of the Anhui Best factory is expected to contribute approximately 810 million yuan in annual output value, with revenues projected to reach 210 million, 380 million, and 610 million yuan from 2024 to 2026, reflecting year-on-year growth rates of 40%, 80%, and 60% respectively [4][5]. 5. Linear Motion Functional Components - The company is making significant strides in the linear motion functional components sector, with plans to start mass production of planetary roller screws by 2025. Expected revenues for this segment are projected to be 10 million, 90 million, and 270 million yuan from 2024 to 2026, with year-on-year growth rates of 800% and 200% in 2025 and 2026 respectively [5][4]. 6. Financial Forecast and Investment Recommendations - The company is expected to achieve revenues of 1.5 billion, 1.88 billion, and 2.41 billion yuan from 2024 to 2026, with year-on-year growth rates of 12%, 25%, and 28%. Net profits attributable to shareholders are projected to be 310 million, 380 million, and 520 million yuan, with growth rates of 19%, 23%, and 35% respectively. The report suggests a price-to-earnings (PE) ratio of 42, 34, and 25 for the years 2024 to 2026 [5][7][34].

Investment Rating - The report indicates a strong investment outlook for the automotive sector, particularly in the areas of advanced driving and humanoid robotics, driven by technological advancements and market dynamics [3][7]. Core Insights - Embodied intelligence is identified as the strongest industrial trend in the automotive sector, with smart driving and humanoid robots being the two key directions [3]. - The report forecasts a significant increase in the penetration rate of advanced driving systems, expected to exceed 15% by 2025, with a year-on-year growth of 200% [3][10]. - The supply chain for smart driving components, including chips and lidar, is highlighted as a high-value investment area due to its explosive growth potential [4][27]. Summary by Sections Advanced Driving - Advanced driving is entering a phase of explosive growth, with a projected penetration rate of over 70% in the next 2-3 years [3]. - The report emphasizes the importance of the Tier0.5 model versus full-stack self-research in data acquisition and customer response speed, with full-stack self-research expected to gain a competitive edge [3][20]. - The Robotaxi segment is anticipated to reach a tipping point by 2025, with operational costs aligning with traditional ride-hailing services [3][26]. Humanoid Robotics - The humanoid robotics sector is on the verge of commercialization, with significant advancements expected by 2025, particularly in high-cost scenarios [5][35]. - The report identifies key components such as dexterous hands and sensors as critical to the humanoid robotics supply chain, with high average selling prices (ASP) and barriers to entry [5][48]. - The Chinese supply chain is expected to rise significantly, contributing to the cost reduction and mass production of humanoid robots [5][48]. Supply Chain Dynamics - The report highlights the increasing penetration and localization rates of smart driving chips, with Nvidia and Tesla leading the market [27][29]. - The laser radar market is also projected to see significant growth, with major players like Hesai and RoboSense capturing substantial market shares [31][33]. - The anticipated reduction in costs for smart driving systems is expected to make advanced driving features standard in vehicles priced above 200,000 RMB by 2025 [30][34].