无锡贝斯特精机股份有限公司 内控审计报告 2025年度 公证天业会计师事务所（特殊普通合伙） Gongzheng Tianye Certified Public Accountants, SGP 中国 . 江苏 . 无锡 Wuxi . Jiangsu . China 总机：86（510）68798988 Tel：86（510）68798988 传真：86（510）68567788 Fax：86（510）68567788 电子信箱：mail@gztycpa.cn E-mail：mail@gztycpa.cn 内部控制审计报告 苏公 W[2026]E1061 号 无锡贝斯特精机股份有限公司全体股东： 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效 性发表审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外， 由于情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循 的程度降低，根据内部控制审计结果推测未来内部控制的有效性具有一定 第 1 页 公证天业会计师事务所 按照《企业内 ...

无锡贝斯特精机股份有限公司 独立董事 2025 年度述职报告 （纪志成） 各位股东及股东代表： 本人作为无锡贝斯特精机股份有限公司（以下简称"公司"）的第四届董事会 独立董事，本人严格按照《中华人民共和国公司法》（以下简称"《公司法》"） 《上市公司独立董事管理办法》《上市公司治理准则》《深圳证券交易所上市公 司自律监管指引第2号——创业板上市公司规范运作》等相关法律、法规、规范 性文件以及《无锡贝斯特精机股份有限公司章程》（以下简称"《公司章程》"） 《无锡贝斯特精机股份有限公司独立董事工作制度》等公司制度的要求，忠实、 诚信、勤勉地履行独立董事职责。本人积极出席2025年度相关会议，认真审议董 事会各项议案，并对相关事项发表独立客观的意见，对公司的规范治理起到了积 极作用，切实维护公司整体利益及全体股东特别是中小股东的合法权益。现将 2025年度本人履行独立董事职责的工作情况汇报如下： 一、基本情况 本人纪志成，男，1959年3月出生，中国国籍，无永久境外居留权，博士。 曾任无锡轻工业大学（现为"江南大学"）信息与控制学院助教、讲师、副教授、 教授、院长，曾历任江南大学教授、校长助理、发展规划处处长、副校 ...

无锡贝斯特精机股份有限公司 章 程 江苏无锡 | 第一章 | 总 则 | | 3 | | --- | --- | --- | --- | | 第二章 | 经营宗旨和范围 | | 4 | | 第三章 | 股 份 | | 5 | | 第一节 | 股份发行 | | 5 | | 第二节 | | 股份增减和回购 | 7 | | 第三节 | 股份转让 | | 9 | | 第四章 | 股东和股东会 | | 10 | | 第一节 | 股 东 | | 10 | | 第二节 | | 股东会的一般规定 | 15 | | 第三节 | | 股东会的召集 | 19 | | 第四节 | | 股东会的提案与通知 | 21 | | 第五节 | | 股东会的召开 | 23 | | 第六节 | | 股东会的表决和决议 | 27 | | 第五章 | 董事会 | | 32 | | 第一节 | 董 事 | | 32 | | 第二节 | 董事会 | | 36 | | 第三节 | 独立董事 | | 42 | | 第四节 | | 董事会专门委员会 | 46 | | 第六章 | 高级管理人员 | | 47 | | 第七章 | 财务会计制度、利润分配和审计 | ...

无锡贝斯特精机股份有限公司 独立董事 2025 年度述职报告 （汪群峰） 各位股东及股东代表： 本人作为无锡贝斯特精机股份有限公司（以下简称"公司"）的第四届董事会 独立董事、第四届董事会审计委员会主任委员，本人严格按照《中华人民共和国 公司法》（以下简称"《公司法》"）《上市公司独立董事管理办法》《上市公 司治理准则》《深圳证券交易所上市公司自律监管指引第2号——创业板上市公 司规范运作》等相关法律、法规、规范性文件以及《无锡贝斯特精机股份有限公 司章程》（以下简称"《公司章程》"）《无锡贝斯特精机股份有限公司独立董 事工作制度》等公司制度的要求，忠实、诚信、勤勉地履行独立董事职责。本人 积极出席2025年度相关会议，认真审议董事会及下属审计委员会各项议案，并对 相关事项发表独立客观的意见，对公司的规范治理起到了积极作用，切实维护公 司整体利益及全体股东特别是中小股东的合法权益。现将2025年度本人履行独立 董事职责的工作情况汇报如下： 一、基本情况 本人汪群峰，男，1968年2月出生，中国国籍，无永久境外居留权，博士。 曾任无锡市审计局副处长、无锡市新区审计局副局长、无锡市新区财政局副局长、 无锡市新区招 ...

无锡贝斯特精机股份有限公司 董事、高级管理人员薪酬管理制度 无锡贝斯特精机股份有限公司 董事、高级管理人员薪酬管理制度 （2026 年 3 月） 第一章 总 则 第一条 无锡贝斯特精机股份有限公司（以下简称"公司"）为规范董事、 高级管理人员薪酬管理体系，建立科学有效的激励与约束机制，保障公司董事、 高级管理人员依法履责，根据《中华人民共和国公司法》、《中华人民共和国证 券法》、《上市公司治理准则》、《深圳证券交易所创业板股票上市规则》等有 关法律、法规及《无锡贝斯特精机股份有限公司章程》（以下简称"公司章程"） 有关规定，结合公司实际，特制定本制度。 第二条 本制度适用于公司全体董事、高级管理人员。 第三条 公司董事、高级管理人员的薪酬以同行业薪酬水平、公司经营规模 以及公司经营业绩为基础,结合公司经营计划和分管工作的职责、岗位价值以及 该任职人员的能力等进行综合考核确定。 第四条 本制度所指的薪酬是指公司董事、高级管理人员缴纳个人所得税前 获得的收入，个人所得税按照国家有关税法要求由公司代扣代缴。 第二章 薪酬管理机构 无锡贝斯特精机股份有限公司 董事、高级管理人员薪酬管理制度 上述津贴外，独立董事不得从 ...

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, indicating an expectation for the industry to outperform the overall market [8]. Core Insights - The report highlights significant investment opportunities in the automotive sector, particularly focusing on companies like Xiaopeng, NIO, Li Auto, and Best, driven by advancements in AI and smart driving technologies [3]. - Xiaopeng Motors is emphasized for its potential in AI applications and the VLA 2.0 smart driving system, with a recommendation to buy based on expected market recognition adjustments [3]. - NIO is noted for its stable gross margin and strong Q1 2026 delivery performance, with new product launches expected to maintain margins in the 18%-20% range [3]. - Li Auto's market performance is under scrutiny, with cautious guidance for Q1 2026, but the report suggests that negative expectations are already priced in, leading to potential future optimism [3]. - Best is projected to see growth in its main business, supported by new growth curves in turbocharger components and advancements in its new energy and robotics sectors [3]. Summary by Relevant Sections Xiaopeng Motors - Focus on AI application investment opportunities and the VLA 2.0 smart driving system [3]. - Current valuation restructuring presents trading opportunities [3]. NIO - Strong Q1 2026 delivery performance, particularly with the ES 8 model [3]. - Expected stable gross margin between 18%-20% due to new product launches [3]. Li Auto - Cautious Q1 2026 performance guidance, with new L9 model launch as a key variable [3]. - Market has already reflected pessimistic expectations, suggesting potential for renewed optimism [3]. Best - Anticipated growth in main business driven by new product lines and partnerships [3]. - New energy and robotics sectors expected to contribute positively to future profitability [3]. Investment Analysis - The report suggests focusing on companies that leverage AI and high-end technology, including new entrants like Xiaopeng, NIO, and Li Auto, as well as established players with overseas business support like BYD and Geely [3]. - Emphasis on companies with strong performance potential in the supply chain, particularly in robotics and data center cooling technologies [3].

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, indicating an expectation for the industry to outperform the overall market [8]. Core Insights - Xpeng Motors is highlighted for its clear investment opportunities in AI applications, particularly focusing on the VLA 2.0 autonomous driving system, with a recommendation for strong investment [3]. - NIO's fundamentals show promising trends with stable gross margins, supported by strong Q1 2026 delivery performance, particularly with the ES 8 model, which is expected to stabilize gross margins in the 18%-20% range [3]. - Li Auto's market performance reflects cautious guidance for Q1 2026, with the new L9 model launch being a critical variable for future performance expectations [3]. - Best's main business growth is anticipated to improve, driven by new growth curves and AIDC, with significant contributions from its turbocharger components and new energy sectors [3]. Summary by Relevant Sections Xpeng Motors - Focus on AI application investment opportunities, particularly VLA 2.0 autonomous driving system [3]. - Current valuation restructuring presents trading opportunities, awaiting key catalysts [3]. NIO - Strong Q1 2026 delivery performance, particularly with ES 8, stabilizing gross margins [3]. - New product launches expected to maintain gross margins in the 18%-20% range [3]. Li Auto - Cautious Q1 2026 guidance with market expectations already reflecting pessimism [3]. - New L9 model launch is a key focus for market feedback and future performance [3]. Best - Anticipated growth in main business driven by new growth curves and AIDC [3]. - Turbocharger components and new energy business expected to contribute significantly to revenue growth [3].

Investment Rating - The report maintains an "Outperform" rating for the machinery equipment industry as of March 1, 2026 [1]. Core Insights - The robotics index underperformed the market, with the Zhongzheng Kexin Robotics Index dropping by 4.3%, lagging behind the Shanghai Composite Index by 3.8 percentage points and the CSI 300 Index by 4.3 percentage points [4][11]. - BMW plans to deploy humanoid robots named AEON at its Leipzig factory in Europe, which will begin large-scale pilot testing in summer 2026. These robots are expected to enhance production efficiency, having previously supported the production of 30,000 BMW X3 vehicles in the U.S. [15][16]. - Yushu Technology launched its fourth robotic dog, Unitree As2, which boasts performance capabilities twice that of its predecessor, Go2, with a peak torque of 90N.m and a maximum speed of 5m/s. The company anticipates that 80% of its robotic dogs will be used in research, education, and consumer sectors by 2024 [18][19]. - Qianxun Intelligent, a leading company in embodied intelligence, completed two rounds of financing totaling nearly 2 billion yuan, with plans to invest in developing large-scale models and expanding technology applications across various sectors [19]. Summary by Sections Market Review - The robotics index experienced a decline of 4.3% from February 23 to March 1, 2026, underperforming compared to major indices [4][11]. Industry Dynamics - BMW's deployment of humanoid robots in its Leipzig factory marks a significant step in integrating AI-based robotics into its European production system, leveraging successful experiences from its U.S. operations [15][16]. - Yushu Technology's new robotic dog, Unitree As2, features enhanced performance metrics and aims to capture a significant share of the global market for quadruped robots [18]. - Qianxun Intelligent's recent funding rounds reflect strong investor confidence and a strategic focus on scaling technology across multiple applications [19].

Investment Rating - The report assigns an "Overweight" rating to the robotics industry [27]. Core Insights - The latest embodiment intelligence model, Pi 06, has significantly improved robustness, with the number of domestic humanoid startups valued at over 10 billion increasing to six [2][4]. - Pi 06 achieved a 92% autonomous operation rate in laundry tasks and a packaging efficiency of 165 items per hour [4][6]. - Nvidia's DreamDojo model has addressed the bottleneck of insufficient operational training data for robots by utilizing a large dataset of 44,000 hours of first-person human video [4][6]. - Major financing events include AI² Robotics raising over 10 billion RMB, Qianxun Intelligent completing nearly 2 billion RMB in two rounds, and Yinshi Robotics securing several hundred million RMB [4][26]. Summary by Sections Industry News and Company Dynamics - Physical Intelligence's Pi 06 model demonstrated a 92% autonomous operation rate in a laundry setting and a packaging efficiency of 165 items per hour [6]. - Nvidia's DreamDojo model has created a comprehensive robot world model, bridging the embodiment gap through large-scale human video pre-training [6]. - Domestic companies like Yinshi Robotics and AI² Robotics are making significant strides in funding and technology development [6][26]. Investment Recommendations - Focus on robotics manufacturers and core component suppliers, including: 1. Actuators and motors: Recommended companies include Zhao Wei Electric and related firms like Weichuang Electric and Buke Co [27]. 2. Reducers: Key players include Lide Harmony and Blue Dai Technology [27]. 3. Screw components: Recommended company is Hengli Hydraulic [27]. 4. Equipment: Recommended company is Tsunami Machine Tool China [27]. 5. Sensors: Recommended companies include Anpeilong and Hanwei Technology [27]. 6. Joints: Recommended company is Changying Precision [27]. 7. Structural components: Related company is Ningbo Huaxiang [27]. 8. Complete machines: Recommended companies include UBTECH and Hangcha Group [27].

无锡贝斯特精机股份有限公司 市值管理制度 无锡贝斯特精机股份有限公司 市值管理制度 （ 2026 年 2 月 ） 第一章 总 则 第一条 为加强无锡贝斯特精机股份有限公司（以下简称"公司"）市值管 理工作，进一步规范公司市值管理行为，维护公司及广大投资者的合法权益，根 据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司监管指引第 10 号——市值管理》《深圳证券交易所上市公司自律监管指引第 2 号——创业 板上市公司规范运作》《深圳证券交易所创业板股票上市规则》等法律、法规、 规范性文件以及《无锡贝斯特精机股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，结合公司的实际情况，制定本制度。 第二条 本制度所称市值管理，是指公司以提高公司质量为基础，为提升公 司投资价值和股东回报能力而实施的战略管理行为。 第三条 市值管理是公司战略管理的重要内容，是董事会的核心工作之一。 第四条 公司应当牢固树立回报股东意识，采取措施保护投资者尤其是中小 投资者利益，诚实守信、规范运作、专注主业、稳健经营，以新质生产力的培育 和运用，推动经营水平和发展质量提升，并在此基础上做好投资者关系管理，增 强信息披露质 ...