COVID-19 Impact - The company reported a significant impact from the ongoing COVID-19 pandemic, which has affected operational efficiency and may influence future performance if not controlled effectively[7]. International Trade Risks - The company exports products to multiple countries, including the US and Europe, and faces risks from the changing international trade environment, particularly due to geopolitical tensions like the Russia-Ukraine conflict[8]. - The company is exposed to foreign exchange risks due to its export operations, primarily settled in USD, and is implementing strategies to mitigate potential losses from currency fluctuations[18]. Automotive Industry Trends - The automotive industry is experiencing cyclical fluctuations, which may lead to reduced orders and inventory buildup, particularly affecting the company's revenue from turbochargers and engine components[12]. - The automotive parts industry typically sees a 1%-5% annual price decline for new products, which could negatively impact the company's performance if cost control does not keep pace[17]. - The global automotive market saw sales of approximately 81.05 million units, an increase from 77.76 million units in 2020[65]. - In 2021, the global new energy passenger vehicle market saw a record growth of 108%, with a market size approaching 6.5 million units[141]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 20%[25]. - The company's operating revenue for 2021 was ¥1,057,097,735.83, representing a 13.53% increase compared to ¥931,141,420.19 in 2020[45]. - The net profit attributable to shareholders for 2021 was ¥196,703,457.41, an increase of 11.37% from ¥176,616,472.95 in 2020[45]. - The gross profit margin improved to 35%, up from 30% in the previous year, due to better cost management and pricing strategies[25]. Market Expansion and Strategy - The company plans to enhance its competitiveness by focusing on technological innovation and expanding its domestic market presence to mitigate risks from international uncertainties[11]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[25]. - A strategic acquisition of a local competitor is expected to enhance production capabilities and increase market penetration by 15%[25]. - The company is exploring partnerships with international firms to enhance its technological capabilities and expand its product offerings[25]. Research and Development - Investment in R&D increased by 30%, focusing on the development of new turbocharger technologies and lightweight materials[25]. - Research and development expenses for the reporting period were ¥4,624.97 million, with a total of 27 effective invention patents and 104 utility model patents authorized by December 31, 2021[149]. - The number of R&D personnel increased to 174 in 2021, up 17.57% from 148 in 2020, representing 14.68% of the total workforce[177]. New Energy Vehicles (NEVs) - The production of new energy vehicles (NEVs) in China reached 3.545 million units, marking a significant year-on-year increase of 159.5%[77]. - The sales of NEVs in China totaled 3.521 million units in 2021, reflecting a year-on-year growth of 157.5%[77]. - The market share of NEVs in total vehicle sales rose from 5.4% in 2020 to 13.4% in 2021[75]. - The company aims to enhance its production capabilities in the new energy vehicle sector, particularly in lightweight components and intelligent manufacturing systems[94]. Operational Efficiency - The company has implemented new operational strategies aimed at improving efficiency, which are projected to reduce costs by 5%[25]. - The company is focused on enhancing operational management and information technology systems to improve efficiency and resource allocation[150]. - The production model is based on "sales-driven production," allowing for reduced inventory and faster capital turnover[105]. Supply Chain Management - The company maintains a stable supply chain by managing multiple suppliers for raw materials, ensuring procurement stability and cost control[103]. - The company's logistics strategy includes direct delivery to customers and the use of intermediate warehouses to enhance supply chain responsiveness[107]. Awards and Recognition - The company has been recognized as a "National Key New Product" and has received multiple awards, including the "First Prize of Jiangsu Province Science and Technology Award" and "Jiangsu Famous Brand Product" title[126]. - The company was awarded the title of "National Green Factory" by the Ministry of Industry and Information Technology in September 2019, reflecting its commitment to green manufacturing practices[127]. Financial Investments - The company raised 530 million yuan to invest in the annual production of 7 million automotive functional components and turbocharger parts, with a projected output of 1.4 million automotive functional components and 5.6 million turbocharger core components after completion[93]. - The company has committed a total investment of 60,000 million, with 19,012.31 million invested during the reporting period and a cumulative investment of 37,851.22 million[199].

Financial Performance - The company's operating revenue for Q1 2022 was ¥255,259,487.92, a decrease of 6.11% compared to ¥271,881,793.23 in Q1 2021[5] - Net profit attributable to shareholders was ¥37,754,748.22, down 37.25% from ¥60,163,697.35 in the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥29,461,738.69, a decline of 45.18% from ¥53,742,838.46 in Q1 2021[5] - Basic earnings per share for the period were CNY 0.1888, down from CNY 0.3008 in the previous period[38] - Net profit for the period was CNY 38,572,046.42, down 36.7% from CNY 61,034,166.93 in the previous period[35] Cash Flow - The net cash flow from operating activities increased significantly by 164.91%, reaching ¥27,767,580.78 compared to ¥10,481,946.49 in the previous year[5] - Operating cash inflow totaled ¥206,724,389.92, an increase from ¥172,790,179.24 in the previous period, representing a growth of approximately 19.6%[42] - Net cash flow from operating activities was ¥27,767,580.78, significantly up from ¥10,481,946.49 in the prior period, indicating a year-over-year increase of about 165.5%[42] - Cash outflow for purchasing goods and services was ¥97,268,464.36, compared to ¥83,809,400.32 in the previous period, reflecting an increase of approximately 15.9%[42] - Total cash outflow for operating activities was ¥178,956,809.14, compared to ¥162,308,232.75 in the previous period, marking an increase of about 10.3%[42] Assets and Liabilities - The company's total assets at the end of Q1 2022 were ¥2,987,561,945.82, a slight increase of 0.52% from ¥2,972,202,807.93 at the end of the previous year[5] - Total liabilities decreased to CNY 996,799,128.35 from CNY 1,019,969,450.85 in the previous period, reflecting a reduction of 2.3%[31] - The company's equity attributable to shareholders increased to CNY 1,982,531,673.96, up from CNY 1,944,819,511.77 in the previous period[31] - The total current assets amounted to ¥1,621,172,189.61, slightly down from ¥1,623,321,973.04 at the beginning of the year[25] Expenses - R&D expenses rose by 35.77% to ¥11,540,309.86, reflecting increased investment in technology and innovation, particularly in the new energy vehicle sector[13] - The company faced significant pressure from rising raw material prices and labor costs, impacting its main business costs[9] - The financial expenses surged by 9107.07% to ¥4,672,352.14, primarily due to increased interest on convertible bonds[13] - The company reported a decrease in sales expenses by 69.73% to ¥1,003,857.87, attributed to reduced marketing costs[13] - The company reported a significant increase in tax expenses, which rose to CNY 3,114,542.78 from CNY 2,199,948.79 in the previous period[31] Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,029, with the top ten shareholders holding a significant portion of the shares[18] - Wuxi Best Investment Co., Ltd. holds 56.37% of the shares, amounting to 112,743,600 shares, making it the largest shareholder[18] Inventory and Receivables - Accounts receivable increased to ¥389,713,663.19 from ¥370,379,721.63, indicating a growth in sales[25] - Inventory at the end of the period was ¥245,998,402.63, compared to ¥224,456,855.62 at the beginning of the year, reflecting an increase in stock levels[25] Investment Activities - The net cash flow from investing activities decreased by 67.28% to ¥24,562,383.90 from ¥75,072,239.88, mainly due to a reduction in the redemption of financial products during the reporting period[17] - Cash inflow from investment activities was ¥515,106,826.13, down from ¥866,732,660.95 in the previous period, showing a decrease of about 40.5%[42]

无锡贝斯特精机股份有限公司 2021 年第三季度报告 □ 是 √ 否 1 股票代码：300580 股票简称：贝斯特 公告编号：2021-045 债券代码：123075 债券简称：贝斯转债 无锡贝斯特精机股份有限公司 2021 年第三季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|- ...

Automotive Industry Focus - The company reported a significant focus on the automotive parts sector, which is closely tied to macroeconomic conditions, indicating potential risks from economic fluctuations [8]. - The company plans to actively engage in the new energy vehicle industry, forming strategic alliances with leading companies to enhance its market position and product offerings [11]. - The company has identified risks related to international trade environments, particularly due to geopolitical tensions, which may negatively impact its international business operations [12]. - The company is closely monitoring raw material price fluctuations, as significant changes could directly affect its profit margins and operational activities [13]. - The company anticipates a potential annual price decline of 1%-5% for automotive parts, which could adversely affect its profitability if cost control measures are not effectively implemented [16]. - The company emphasizes the importance of innovation and product development to maintain competitive pricing and improve profit margins [16]. - The company is committed to enhancing its supply chain management to mitigate risks associated with raw material procurement and pricing [13]. - The company aims to optimize its operational efficiency through process improvements and cost management strategies to counteract potential revenue declines [16]. - The company is preparing to adapt its strategies in response to ongoing global economic challenges, including the COVID-19 pandemic [7]. Financial Performance - The company's operating revenue for the reporting period was ¥515,824,265.19, representing a 40.87% increase compared to ¥366,179,608.01 in the same period last year [41]. - The net profit attributable to shareholders of the listed company was ¥106,556,942.32, a 69.45% increase from ¥62,884,860.97 in the previous year [41]. - The net profit after deducting non-recurring gains and losses was ¥90,765,700.37, up 64.49% from ¥55,178,491.79 year-on-year [41]. - The basic earnings per share increased to ¥0.5328, a rise of 69.47% compared to ¥0.3144 in the same period last year [41]. - The total assets at the end of the reporting period were ¥2,817,961,051.93, reflecting a 4.74% increase from ¥2,690,404,720.71 at the end of the previous year [41]. - The net assets attributable to shareholders of the listed company were ¥1,878,872,310.42, which is a 3.09% increase from ¥1,822,642,871.24 at the end of the previous year [41]. - The net cash flow from operating activities was ¥67,201,983.81, down 52.85% from ¥142,513,873.49 in the same period last year [41]. - The weighted average return on net assets was 5.71%, an increase of 1.64% compared to 4.07% in the previous year [41]. - The diluted earnings per share were ¥0.4814, which is a 53.12% increase from ¥0.3144 in the same period last year [41]. Investment and Expansion - The company’s investment in the new energy vehicle sector includes a convertible bond issuance that raised ¥530 million, aimed at producing 7 million automotive precision components annually [52]. - The company is actively pursuing overseas expansion and achieving global supply chain integration in the automotive parts sector [68]. - The company is focusing on lightweight products and automotive electronics as part of its strategy to expand into new fields [68]. - The company is exploring mergers and acquisitions as part of its strategic planning to enhance its market presence and capabilities in the automotive sector [160]. - The company is focusing on expanding its industrial chain and exploring new business opportunities in emerging industries and high-tech fields [83]. Environmental and Social Responsibility - The company has established a comprehensive environmental management system to ensure compliance with environmental laws and regulations [175]. - The company has implemented a wastewater treatment system capable of processing 15 tons of production wastewater daily, achieving "zero" discharge [175]. - The company was recognized as a "green enterprise" by the Wuxi Ecological Environment Bureau for the years 2017-2018 [176]. - The company emphasizes employee rights protection by adhering to labor laws and providing social insurance and housing fund contributions [179]. - The company has a robust financial policy, ensuring asset and fund safety, and maintains good communication with creditors to reduce operational and financial risks [178]. Strategic Partnerships and Alliances - The company has established long-term strategic partnerships with leading companies in the new energy vehicle sector, including Tesla, to enhance its competitive edge in core components [84]. - The company has also developed core components for hydrogen fuel cell vehicles, with clients including Bosch China and Garrett [85]. - The company continues to expand its business model into high-end aerospace manufacturing and automation systems, leveraging its advantages in intelligent equipment [52]. Challenges and Risks - The company is closely monitoring the global COVID-19 pandemic and has implemented measures to ensure supply chain security and maintain operational cash flow [152]. - The automotive industry is experiencing cyclical fluctuations, which may impact the company's order volume and inventory levels due to macroeconomic conditions [153]. - The international trade environment is becoming increasingly tense, affecting the company's export operations; the company is adapting by enhancing its production capabilities and expanding its domestic market [155]. - The company is actively managing raw material procurement to mitigate the impact of price fluctuations on its profitability [158]. Corporate Governance and Compliance - The company did not distribute cash dividends or bonus shares for the first half of 2021 [167]. - The company has not faced any environmental penalties or pollution incidents during the reporting period [176]. - The half-year financial report was not audited [196]. - There were no major litigation or arbitration matters during the reporting period [198]. - The company has not engaged in any external guarantees during the reporting period [195].

Financial Performance - The company reported a cash dividend of 2.5 RMB per 10 shares (including tax) based on a total of 200,000,000 shares, with no bonus shares issued [16]. - The company's operating revenue for 2020 was CNY 931,141,420.19, representing a 16.12% increase from CNY 801,857,188.08 in 2019 [35]. - The net profit attributable to shareholders for 2020 was CNY 176,616,472.95, a 5.24% increase compared to CNY 167,815,085.98 in 2019 [35]. - The net profit after deducting non-recurring gains and losses was CNY 161,089,138.25, up 4.78% from CNY 153,746,885.85 in 2019 [35]. - The net cash flow from operating activities increased by 55.09% to CNY 273,429,799.33 from CNY 176,299,713.25 in 2019 [35]. - The total assets at the end of 2020 were CNY 2,690,404,720.71, a 45.13% increase from CNY 1,853,775,725.45 at the end of 2019 [35]. - The net assets attributable to shareholders increased by 19.93% to CNY 1,822,642,871.24 from CNY 1,519,747,046.91 in 2019 [35]. - The basic earnings per share for 2020 was CNY 0.8831, reflecting a 5.24% increase from CNY 0.8391 in 2019 [35]. - The diluted earnings per share for 2020 was CNY 0.8771, up 4.53% from CNY 0.8391 in 2019 [35]. - The company reported a quarterly operating revenue of CNY 306,544,746.74 in Q3 2020, which was the highest among the four quarters [38]. - The net profit attributable to shareholders in Q4 2020 was CNY 53,010,950.11, showing strong performance in the last quarter [38]. - The company reported non-operating income of CNY 15,527,334.70 in 2020, an increase from CNY 14,068,200.13 in 2019, representing a growth of approximately 10.4% [45]. Market and Industry Trends - The automotive industry is experiencing cyclical fluctuations, which may affect the company's orders and inventory levels, particularly as the market shifts towards electric and smart vehicles [10]. - The global economic environment in 2020 was significantly impacted by the COVID-19 pandemic, leading to unprecedented challenges and a V-shaped recovery in the latter part of the year [56]. - The automotive market is expected to recover in 2021, with sales projected to exceed 26 million units, a year-on-year increase of 4% [60]. - The demand for turbochargers is anticipated to grow faster than the overall automotive production due to stricter fuel consumption regulations and increasing adoption in new vehicles [68]. - The automotive parts industry is experiencing a trend of globalization and resource allocation, with major manufacturers reducing in-house production rates [72]. - The automotive parts market in China is witnessing increased competition as global automotive parts giants accelerate their establishment of joint ventures or wholly-owned factories [74]. - The automotive parts industry is becoming increasingly important, with a growing number of companies achieving global competitiveness in niche markets [74]. - The shift towards modular supply and system integration is simplifying product development cycles and enhancing the role of parts suppliers [72]. - The automotive parts industry in China is still considered a weak link compared to developed countries, indicating significant future growth potential [74]. Strategic Initiatives - The company plans to focus on the new energy vehicle sector by forming strategic alliances with key players and enhancing its product offerings in lightweight structural components [10]. - The company aims to enhance its production and operational capabilities through technological, marketing, and management innovations to adapt to changing economic conditions [11]. - The company has established long-term stable business relationships with major automotive manufacturers, including Garrett, Cummins, and BorgWarner, enhancing its competitive advantage [96]. - The company has successfully passed audits from Bosch China and Tesla, obtaining supplier codes and preferred supplier status, which will support future revenue stability [97]. - The company has established an efficient R&D team, significantly shortening the product development cycle and ensuring timely delivery from order receipt to mass production [98]. - The company has developed advanced automation solutions, including an automated drilling and riveting system for aircraft, contributing to the industry's efficiency and quality improvements [111]. Government Policies and Regulations - The Chinese government aims to establish a comprehensive standard intelligent vehicle system by 2035, with significant technological innovations and regulatory frameworks expected by 2025 [79]. - The Ministry of Industry and Information Technology (MIIT) has proposed to extend the purchase subsidies for new energy vehicles for an additional two years, alongside tax exemptions [79]. - The government plans to promote over 1,000 fuel cell vehicles with an average operational mileage exceeding 30,000 kilometers during the demonstration period [82]. - The MIIT aims to establish a standard system for vehicle intelligent management, focusing on innovation and practical applications [79]. - The new "dual credit policy" will be implemented starting January 1, 2021, to promote the development of energy-saving and new energy vehicles through a market-based mechanism [85]. - The government encourages the recycling of old vehicle parts for remanufacturing, promoting sustainability in the automotive industry [85]. Research and Development - The company has established dedicated R&D teams for new technologies and products based on industry trends and customer needs [137]. - The company holds a total of 24 effective invention patents and 89 utility model patents as of December 31, 2020, with 7 invention patents and 7 utility model patents currently under application [124]. - The company is developing several new technologies, including a digital workshop and smart factory aimed at improving production efficiency [172]. - The company has developed an AI defect visual recognition sorting workstation, which addresses industry pain points by classifying and tracking surface defects of components [123]. Financial Management and Investments - The company raised CNY 530 million through the issuance of convertible bonds to expand its production capacity for new energy vehicle components, aiming for an annual output of 7 million parts [49]. - The company reported a significant increase in non-current assets, with a year-on-year growth of 36.74%, primarily due to an increase in prepaid engineering equipment payments [94]. - The company has fully utilized the CNY 7,000 million allocated for working capital, achieving a 100.00% investment progress [198]. - The total amount of unused raised funds is primarily held in specialized accounts and structured deposits, with CNY 1,083.77 million in a dedicated account and CNY 39,287.60 million in financial products [194]. - The company’s financial management strategy appears to be conservative, with no idle funds reported for over two years [194].

Financial Performance - Operating revenue for the reporting period was ¥306,544,746.74, representing a year-on-year increase of 52.63%[7] - Net profit attributable to shareholders was ¥60,720,661.87, up 36.43% from the same period last year[7] - Basic earnings per share for the reporting period were ¥0.3036, reflecting a 36.45% increase year-on-year[7] - The total operating revenue for the third quarter was CNY 306,544,746.74, compared to CNY 200,836,244.89 in the previous period, representing a significant increase[60] - The net profit attributable to the parent company increased to CNY 650,299,863.01 from CNY 561,277,770.72, reflecting a growth of approximately 15.6%[58] - The total comprehensive income for the current period was ¥60,903,507.99, compared to ¥44,507,014.93 in the previous period, marking a 37% increase[69] - The total profit for the current period was ¥141,566,344.87, slightly lower than ¥133,631,764.95 in the previous period, reflecting a decrease of 0.04%[84] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,941,843,934.83, an increase of 4.75% compared to the end of the previous year[7] - The company's current assets totaled CNY 834,731,117.11, compared to CNY 793,511,953.41 in the previous period, reflecting a growth of approximately 5.4%[42] - The total liabilities were reported at CNY 327,731,402.49, slightly down from CNY 334,028,678.54[48] - The total liabilities decreased to CNY 324,711,803.35 from CNY 334,028,678.54, showing a reduction of approximately 2.4%[58] - The company's equity capital remained stable at CNY 200,000,000.00, with capital reserves increasing to CNY 680,552,962.20 from CNY 680,496,614.99[48] Cash Flow - The net cash flow from operating activities was -¥17,815,973.85, a decrease of 225.83% compared to the previous year[7] - The net cash flow from operating activities for the first nine months of 2020 was ¥124,697,899.64, representing a 40.40% increase from ¥88,814,675.65 in the same period of 2019, mainly due to increased sales collections[24] - Operating cash flow from business activities increased to ¥124,697,899.64, up from ¥88,814,675.65, representing a growth of approximately 40.5% year-over-year[94] - Cash inflow from investment activities totaled ¥991,977,848.75, compared to ¥964,699,281.02 in the previous period, indicating a slight increase of about 2.9%[97] - The net cash flow from financing activities was -¥48,170,208.21, compared to -¥32,531,256.50 in the previous period, indicating a decline of about 47.9%[103] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,271[11] - The largest shareholder, Wuxi Best Investment Co., Ltd., held 56.37% of the shares[11] - The company declared a cash dividend of ¥1.7 per 10 shares, totaling ¥34,000,000, based on the 2019 profit distribution plan[29] Research and Development - The company reported R&D expenses of CNY 7,958,849.57, compared to CNY 7,045,262.10 in the previous period, showing an increase of about 13.0%[63] - Research and development expenses amounted to ¥7,958,849.57, slightly up from ¥7,045,262.10, indicating a focus on innovation[70] - Research and development expenses rose to ¥28,673,659.28, compared to ¥24,136,308.76, indicating a growth of 18.06%[88] Future Plans and Strategy - The company discussed its future plans regarding mergers and acquisitions, as well as its focus on the new energy vehicle sector during investor communications[36] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[80] Financial Standards and Reporting - The company adopted new revenue recognition standards starting January 1, 2020, which may impact future financial reporting[121] - The company has not yet audited its third-quarter report, which may affect the reliability of the data presented[123]

Financial Performance - The company's operating revenue for the reporting period was ¥366,179,608.01, representing a slight increase of 0.33% compared to ¥364,971,879.67 in the same period last year[37]. - Net profit attributable to shareholders decreased by 13.26% to ¥62,884,860.97 from ¥72,500,639.11 year-on-year[37]. - The net profit after deducting non-recurring gains and losses was ¥55,178,491.79, down 13.96% from ¥64,129,476.47 in the previous year[37]. - The net cash flow from operating activities increased significantly by 90.89% to ¥142,513,873.49 compared to ¥74,656,450.65 in the same period last year[37]. - Total assets at the end of the reporting period were ¥1,961,959,615.27, reflecting a growth of 5.84% from ¥1,853,775,725.45 at the end of the previous year[37]. - The net assets attributable to shareholders increased by 1.89% to ¥1,548,539,815.10 from ¥1,519,747,046.91 at the end of the previous year[37]. - Basic earnings per share decreased by 13.27% to ¥0.3144 from ¥0.3625 in the same period last year[37]. - The weighted average return on equity was 4.07%, down from 5.12% in the previous year[37]. - The company reported a significant increase in cash flow, indicating improved operational efficiency despite a decline in net profit[37]. Market and Industry Trends - The automotive industry is closely tied to macroeconomic conditions, with potential order reductions and inventory buildup if client operations are adversely affected[8]. - The automotive parts market is transitioning towards high-quality development, with a focus on lightweight, intelligent, and electric vehicles, driving innovation and new business opportunities[52]. - Government policies in 2020 aimed to stabilize the automotive market through subsidies, financial support, and easing vehicle purchase restrictions, promoting consumption in the automotive sector[52]. - The global automotive market faced significant challenges in the first half of 2020, with a production decline of 32.27% and sales decline of 27.69% year-on-year[51]. - The Chinese automotive market is gradually recovering due to a series of policies aimed at stabilizing domestic consumption, with a focus on both manufacturing and service sectors for future growth[62]. Strategic Focus and Investments - The company plans to focus on the new energy vehicle sector, establishing strategic alliances with leading companies to enhance its market position and product offerings[10]. - The company is actively investing in the "Automotive Precision Parts Project (Phase I)" to enhance its product offerings in the automotive sector[48]. - The company plans to issue convertible bonds to raise up to 600 million yuan to support the development of new energy vehicles and enhance production capacity[70]. - The company is focusing on strategic partnerships and acquisitions to accelerate entry into new business areas and enhance its market position[74]. - The company is developing an intelligent equipment workstation for defect identification, aimed at addressing industry pain points and enhancing operational capabilities[75]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, which could directly affect profit margins and operational activities[12]. - The international trade environment, particularly the US-China trade tensions, poses risks to the company's export business, although the impact is currently limited[121]. - The company faces risks related to the COVID-19 pandemic, which may impact operational performance if the situation worsens[118]. - The automotive industry poses cyclical risks that could affect order volumes and inventory levels due to macroeconomic fluctuations[119]. Research and Development - R&D expenses increased by 21.20% year-on-year, totaling 20.71 million yuan, with 25 invention patents and 87 utility model patents authorized[76]. - The company is focusing on strategic alliances for research and development in the new energy vehicle sector to adapt to industry trends[120]. Environmental and Social Responsibility - The company has been recognized as a "green enterprise" and a "blue enterprise" for its environmental practices, with no pollution incidents reported during the reporting period[165]. - The company has implemented strict environmental management practices, ensuring zero discharge of production wastewater[165]. - The company has established a comprehensive environmental management system in compliance with national laws and regulations[165]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 13,851[178]. - Wuxi Best Investment Co., Ltd. holds 56.37% of shares, totaling 112,743,600 shares[182]. - The top ten shareholders include various investment funds, with the largest being Wuxi Best Investment Co., Ltd.[182]. - There were no changes in the controlling shareholder or actual controller during the reporting period[183].

无锡贝斯特精机股份有限公司 2020 年第一季度报告全文 无锡贝斯特精机股份有限公司 2020 年第一季度报告 2020-033 2020 年 04 月 1 无锡贝斯特精机股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曹余华、主管会计工作负责人陈斌及会计机构负责人(会计主管人员)陈斌声 明：保证季度报告中财务报表的真实、准确、完整。 2 无锡贝斯特精机股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ ...

Financial Performance - The company's operating revenue for 2019 was ¥801,857,188.08, representing a 7.67% increase from ¥744,757,145.83 in 2018[35]. - The net profit attributable to shareholders for 2019 was ¥167,815,085.98, a 5.69% increase compared to ¥158,778,554.40 in 2018[35]. - The net cash flow from operating activities increased by 28.02% to ¥176,299,713.25 in 2019 from ¥137,717,641.40 in 2018[35]. - The total assets at the end of 2019 were ¥1,853,775,725.45, a 9.30% increase from ¥1,696,057,095.29 at the end of 2018[35]. - The net assets attributable to shareholders increased by 9.79% to ¥1,519,747,046.91 at the end of 2019 from ¥1,384,248,920.64 at the end of 2018[35]. - The basic earnings per share for 2019 was ¥0.8391, up 5.69% from ¥0.7939 in 2018[35]. - The company reported a total of ¥14,068,200.13 in non-recurring gains and losses for 2019, compared to ¥13,497,049.72 in 2018[41]. - The company experienced a quarterly revenue increase, with Q4 2019 revenue reaching ¥236,049,063.52, up from ¥178,307,086.13 in Q1 2019[36]. - The weighted average return on net assets for 2019 was 11.58%, a slight decrease of 0.46% from 12.04% in 2018[35]. - The company achieved operating revenue of 801.86 million yuan in 2019, a year-on-year increase of 7.67%[105]. - The net profit attributable to shareholders was 167.82 million yuan, reflecting a growth of 5.69% compared to the previous year[105]. Dividend Distribution - The company reported a profit distribution plan of 1.7 RMB per 10 shares (including tax) based on a base of 200,000,000 shares, with no bonus shares issued[14]. - The cash dividend distribution plan for 2019 was set at CNY 1.7 per 10 shares, with a total cash dividend amounting to CNY 34,000,000.00, representing 20.26% of the net profit[195]. - The cash dividend for 2018 was CNY 32,000,000.00, which accounted for 20.15% of the net profit of CNY 158,778,554.40[195]. - The cash dividend for 2017 was CNY 28,000,000.00, representing 20.05% of the net profit of CNY 139,641,007.33[195]. - The company has maintained a cash dividend payout ratio of over 20% for the past three years[195]. - The total cash dividend amount for 2019 was 100% of the profit distribution total, indicating a full payout of available profits[194]. - The company has not proposed any stock bonus or capital reserve conversion to share capital for the year 2019[194]. - The company is in a mature development stage and has significant capital expenditure plans, which influences its profit distribution strategy[194]. Market and Industry Trends - The company aims to expand into the new energy vehicle industry chain to mitigate risks associated with the traditional automotive sector[7]. - The automotive industry is facing higher requirements due to the implementation of the National VI emission standards in several regions starting July 1, 2019[74]. - The automotive industry is expected to undergo consolidation and restructuring, with a significant increase in R&D investment from vehicle manufacturers[82]. - The automotive parts market is transitioning from high-speed growth to high-quality development, with a focus on lightweight, intelligent, and electric vehicles[67]. - The automotive industry is subject to macroeconomic risks, with potential impacts on orders and inventory due to economic fluctuations; the company is committed to strategic transformation towards the new energy vehicle industry[181]. - The company anticipates that the demand for automotive parts will increase due to government policies aimed at stabilizing traditional large-scale consumption, including incentives for new energy vehicles[161]. - The company is positioned to benefit from the rapid development of new energy vehicles and intelligent connected vehicles, which are expected to drive growth in the automotive parts sector[161]. Strategic Initiatives - The company is focused on enhancing its production and operational capabilities through technological, marketing, and management innovations to counteract risks from fluctuating raw material prices[12]. - The company plans to strengthen its domestic market development efforts to offset potential declines in international sales due to trade tensions[12]. - The company is actively expanding into new fields such as lightweight products and automotive electronics while maintaining existing product lines[67]. - The company has established a joint venture with "Yitong Lightweight Technology (Jiangsu) Co., Ltd." to accelerate the development of lightweight products for new energy vehicles[51]. - The company is committed to continuous research and development to launch higher-end products that meet customer needs and improve pricing power[14]. - The company has implemented the "Automotive Precision Components Project (Phase I)" to enhance production capacity and layout in the new energy vehicle sector[51]. - The company acquired 51% of Suzhou Hebes, which specializes in the R&D and manufacturing of metal products, including automotive safety fasteners and charging connectors[51]. - The company has established long-term stable business relationships with major manufacturers such as Garrett, Cummins, and BorgWarner, enhancing its market position in the automotive parts industry[79]. - The company is strategically positioned to capitalize on the growing demand for lightweight structural components in the new energy vehicle market[173]. Risk Management - The company has faced challenges due to the US-China trade war, which has affected its international business, although the impact on overall operations has been limited[12]. - The company has identified risks related to macroeconomic fluctuations that could affect orders and inventory levels, particularly in the automotive parts sector[7]. - Fluctuations in raw material prices pose a risk to profitability; the company plans to enhance procurement management and supply chain oversight to mitigate these impacts[183]. - The company anticipates a potential annual price decline of 1%-5% for automotive parts, which could negatively impact profitability if cost control does not keep pace[14]. - The company is closely monitoring raw material market changes to optimize procurement management and minimize cost impacts[13]. - The company faces risks from international trade environments, particularly due to the ongoing US-China trade tensions, which could affect its export business, albeit minimally[182]. Research and Development - Research and development expenses increased by 18.49% to 39.76 million yuan, with 22 invention patents and 85 utility model patents authorized by the end of 2019[112]. - The company has built an efficient R&D team, significantly shortening the product development cycle and ensuring timely delivery from order receipt to mass production[92]. - The company established a research planning institute to focus on technology research and product planning for strategic emerging industries[111]. - The number of R&D personnel increased to 150 in 2019, accounting for 13.29% of the total workforce[136]. - The company's R&D investment in 2019 amounted to ¥39,757,500.60, representing 4.96% of its operating revenue[136]. Operational Efficiency - The company has implemented comprehensive information technology initiatives to optimize management efficiency and reduce costs[113]. - The company continues to focus on lean production and smart manufacturing to lower production costs and enhance operational efficiency[113]. - The company aims to strengthen cost control through practical management practices and resource optimization[113]. - The company has established a bridge between major functional modules including R&D, marketing, supply chain, and production systems to enhance overall R&D capabilities[113]. - The company is developing a high-end digital workshop and smart factory, aiming to enhance production efficiency and replace imports[133]. Customer Relationships - The sales process involves becoming an approved supplier through a comprehensive evaluation by downstream customers[63]. - The company has received multiple quality awards from major clients, including Garrett and Cummins, indicating strong product quality and customer satisfaction[87]. - The company provides after-sales service for intelligent equipment and tooling products, typically lasting one year[64]. - Total sales amount from the top five customers reached ¥629,088,760.50, accounting for 78.45% of the annual sales[129]. - The first largest customer contributed ¥344,394,559.45, representing 42.95% of the annual sales[129].

无锡贝斯特精机股份有限公司 2019 年第三季度报告全文 无锡贝斯特精机股份有限公司 2019 年第三季度报告 2019-040 2019 年 10 月 1 无锡贝斯特精机股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曹余华、主管会计工作负责人陈斌及会计机构负责人(会计主管人员)陈斌声 明：保证季度报告中财务报表的真实、准确、完整。 2 无锡贝斯特精机股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------ ...