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》、《 ...

无锡贝斯特精机股份有限公司 2025 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、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.第一季度报告是否经过审计 无锡贝斯特精机股份有限公司 2025 年第一季度报告 证券代码：300580 证券简称：贝斯特 公告编号：2025-016 1 无锡贝斯特精机股份有限公司 2025 年第一季度报告 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | | | | | 末增减（%） | | | | | 调整前 | 调整后 | 调整后 | | 总资产（元） | 3,735,995,543.02 | 3,731,065,443.12 | 3,731,065,443.12 | 0.13% | | 归属于上市 ...

无锡贝斯特精机股份有限公司 2024 年年度报告全文 无锡贝斯特精机股份有限公司 2024 年年度报告 2025-014 2025 年 4 月 21 日 1 无锡贝斯特精机股份有限公司 2024 年年度报告全文 2024 年年度报告 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 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：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告中涉及未来计划或规划等前瞻性陈述的，均不构成公司对投资者的实质承 诺，投资者及相关人士均应对此保持足够的风险认识，并且应当理解计划、预测与承诺之 间的差异。 1、国际贸易环境相关风险 公司产品出口至美国、欧洲、韩国、墨西哥、日本等多个国家和地区，公司的业务受 到国际贸易环境变化的影响。而目前国际局势正处于深刻变动之中，俄乌冲突持续，去全 球化浪潮汹涌，国际贸易环境趋于紧张，正常的国际经贸环境已受到较大冲击。从长远角 度来 ...

贝斯特（300580.SZ）深度报告 三梯次布局 机器人+工业母机蓄势待发 2025 年 04 月 18 日 ➢ 涡轮增压器零部件行业领军者 三梯次布局蓄力未来成长。贝斯特深耕精密 零部件制造领域，持续拓展业务边界，现已形成"原有业务+新能源汽车零部件 +直线滚动功能部件"三梯次产业战略布局。公司营收规模持续增长，归母净利 润加速向上，盈利能力优秀。2019-2023 年，公司营业收入 CAGR 为 10.9%。 2024Q1-Q3，公司实现营业收入 10.4 亿元，同比增长 3.5%；归母净利润 2.2 亿 元，同比增长 7.1%。 ➢ 涡轮增压器零部件：持续深耕内功深厚 奠定业绩牢固基石。乘用车排放标 准不断趋严，有望推动涡轮增压器渗透率持续提升；插电混动销量快速增长，打 开涡轮增压器增量市场空间，涡轮增压器市场规模有望稳健增长。涡轮增压器市 场集中度高，主要由外资垄断，全球 CR4 超过 90%。公司与下游头部客户深度 绑定，为未来业绩发展提供强有力支撑。预计公司涡轮增压器零部件业务将保持 平稳增长，2024-2026 年营业收入分别为 11.2/12.2/13.3 亿元，同比增速分别 为 10%/9. ...

无锡贝斯特精机股份有限公司 关于完成工商变更登记并换发营业执照的公告 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 2024 年 8 月 7 日召 开第四届董事会第十一次会议、2024 年 12 月 31 日召开第四届董事会第十四次 会议分别审议通过了《关于变更注册资本及修订<公司章程>的议案》及《关于因 完成股权激励计划部分股票归属登记而变更注册资本及修订<公司章程>的议案》； 并于 2025 年 1 月 17 日召开了 2025 年第一次临时股东大会，审议通过了上述两 项议案。具体内容详见公司刊登在巨潮资讯网（ http://www.cninfo.com.cn） 上的《第四届董事会第十一次会议决议公告》（公告编号：2024-026）、《关于 变更注册资本及修订<公司章程>的公告》（公告编号：2024-023）、《第四届董 事会第十四次会议决议公告》（公告编号：2024-040）、《关于因完成股权激励 计划部分股票归属登记而变更注册资本及修订<公司章程>的公告》（公告编号： 2024-041）、《2025 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, with a target price of 34.8 CNY over the next six months [6][9]. Core Insights - The company has established a clear three-tier business layout based on precision machining, focusing on turbocharger components, new energy vehicle parts, and linear motion components, demonstrating robust operational quality [1][19]. - The company has strong cash flow from sales and operations, indicating high revenue quality and stable business performance [1][30]. - The turbocharger component business is expected to continue as a cornerstone for the company, with projected revenues of 1.114 billion, 1.239 billion, and 1.371 billion CNY from 2024 to 2026 [2][40]. - The new energy vehicle parts business is anticipated to grow significantly, with expected revenues of 250 million, 340 million, and 450 million CNY from 2024 to 2026 [3]. - The screw rod business is also expected to see growth, with projected revenues of 5 million, 80 million, and 180 million CNY from 2024 to 2026 [4]. Summary by Sections 1. Business Overview - The company was founded in 1997 and has leveraged precision machining technology to enter the turbocharger component manufacturing sector, later expanding into new energy vehicle parts and linear motion components [1][19]. - The company has a stable shareholding structure, with the actual controller holding 55.7% of shares, and has implemented effective employee stock ownership and incentive mechanisms [25][27]. 2. Turbocharger Component Business - The turbocharger industry is mature and concentrated, benefiting leading companies. The company has established deep ties with Tier 1 suppliers like Garrett and Cummins, ensuring a stable revenue stream [2][40]. - The company’s turbocharger component revenues are projected to grow at rates of 9.83%, 11.23%, and 10.68% from 2024 to 2026 [40]. 3. New Energy Vehicle Parts Business - The company has focused on lightweight structural components and precision parts for new energy vehicles since 2018, benefiting from the trend towards vehicle lightweighting [3][41]. - The expected revenue growth for this segment is significant, with projections of 250 million, 340 million, and 450 million CNY from 2024 to 2026 [3]. 4. Screw Rod Business - The screw rod market is expanding, with the company establishing a subsidiary to produce high-precision screw rods and linear guides, targeting various industries including robotics and machine tools [4][60]. - Revenue projections for the screw rod business are 5 million, 80 million, and 180 million CNY from 2024 to 2026 [4].

Group 1: Company Overview - The company, established in 1997, focuses on the R&D, production, and sales of precision components and intelligent equipment, extending its business into high-end aerospace manufacturing and industrial automation [1] - The core competitive advantage is based on four interconnected industries: tooling, casting, precision machining, and intelligent manufacturing [2] Group 2: Business Strategy - The company aims to leverage its core competitive advantages to build a three-tier industrial chain: - First tier: Strengthening existing businesses and expanding into range-extended and hybrid vehicle components [2] - Second tier: Targeting core components for electric vehicles, hydrogen fuel, and natural gas vehicles [2] - Third tier: Utilizing existing resources to enter new markets such as "industrial mother machines," humanoid robots, automotive transmission, and automation industries [2] Group 3: Product Range - The main products include core components for automotive turbochargers, new energy vehicle parts, aircraft cabin components, and intelligent manufacturing systems [3] - The company also offers high-precision ball/roller screw assemblies and high-precision rolling guideways for industrial mother machines and humanoid robots [3] Group 4: Market Outlook - The global trend towards stricter energy-saving and emission reduction standards is driving the growth of hybrid vehicle sales and increasing the penetration rate of turbochargers [4] - The company has established a strong reputation and customer base in the turbocharger industry, positioning itself well for future growth as new production capacity is released [4]

Investment Rating - The report assigns a "Buy" rating for the company, indicating a potential upside of 15% to less than 35% [3][9]. Core Insights - The company specializes in automotive precision components and is a leader in the turbocharger sector, actively expanding into linear rolling components, which is expected to become a new growth curve for the company [3]. - The company has established strong relationships with major clients and has received multiple awards for its product quality, positioning it well in the competitive landscape [3]. - The report highlights the company's strategic shift towards the new energy vehicle sector, which is anticipated to provide new opportunities for growth [3]. Summary by Sections Company Overview - The company has been focused on the turbocharger component industry since 2001, with products that enhance fuel efficiency by up to 20% [3]. - The company has a market capitalization of 133.10 billion RMB and a current stock price of 28.27 RMB [1]. Financial Performance - In the first half of 2024, the automotive components business generated revenue of 640 million RMB, reflecting a year-over-year increase of 8.1% with a gross margin of 32.7% [3]. - The net profit margin for the first three quarters of 2024 improved by 0.7 percentage points, with a gross margin of 34.9% [6]. Future Projections - The company is projected to achieve net profits of 300 million RMB, 340 million RMB, and 430 million RMB for the years 2024, 2025, and 2026, respectively, with year-over-year growth rates of 13%, 13%, and 27% [6][8]. - The report anticipates a steady increase in the global turbocharger installation rate, expected to rise from 54% in 2022 to 58% by 2025 [3]. Business Expansion - The company is expanding its linear rolling components business, targeting high-end machine tools and humanoid robots, with significant investments in technology and equipment [6]. - A new subsidiary, Wuxi Yuhua Precision Machinery Co., Ltd., was established to focus on high-precision rolling components, which are critical in advanced manufacturing sectors [6].

Investment Rating - The report assigns a "Buy" rating for the company, indicating a potential upside of 15% to less than 35% [3][8]. Core Insights - The company specializes in automotive precision components and is a leader in the turbocharger sector, actively expanding into linear rolling components, which is expected to drive new growth [3]. - The company has established strong relationships with major clients and has received multiple awards for supplier excellence, indicating a solid reputation in the industry [3]. - The report highlights the company's strategic move into the new energy vehicle sector, which is anticipated to provide additional growth opportunities [3]. Summary by Sections Company Overview - The company focuses on automotive parts, with 90.2% of its revenue coming from this sector, and has a market capitalization of 133.10 billion RMB [1]. - The stock price as of February 18, 2025, is 28.27 RMB, with a target price set at 34 RMB [1]. Financial Performance - The company reported a revenue of 6.4 billion RMB in the first half of 2024, reflecting a year-over-year growth of 8.1%, with a gross margin of 32.7% [3]. - The net profit margin for the first three quarters of 2024 improved by 0.7 percentage points, reaching 21.6% [5]. Market Position and Growth Potential - The global turbocharger installation rate is projected to increase from 54% in 2022 to 58% by 2025, with domestic rates for fuel vehicles expected to rise from 48% in 2018 to 71% by 2025 [3]. - The company is expanding its linear rolling components business, targeting high-end machine tools and humanoid robots, which are critical in precision transmission applications [5]. Earnings Forecast - The company is expected to achieve net profits of 3.0 billion RMB, 3.4 billion RMB, and 4.3 billion RMB for the years 2024 to 2026, representing year-over-year growth rates of 13%, 13%, and 27% respectively [5].

Group 1: Strategic Development Direction - The company aims to leverage its core competitive advantages in precision machining, casting industry support, and intelligent equipment to establish a three-tiered industrial development strategy [1] - The first tier focuses on strengthening existing businesses and expanding into range-extended and hybrid vehicle components [1] - The second tier targets core components for electric vehicles, hydrogen fuel, and natural gas fuel vehicles, facilitating a transition to new energy vehicle components [1] - The third tier involves utilizing existing resources to seize opportunities in new sectors such as "industrial mother machines," "humanoid robots," "automotive transmission," and "automation industry" [1] Group 2: Advantages in Third Tier Industry Layout - The company has established a scale and intelligent production management system for its automotive components business [2] - It utilizes an industrial verification platform to continuously improve the quality and efficiency of rolling functional components [2] - A skilled technical team with rich industry experience and strong innovation capabilities supports the understanding and development of rolling functional components [2] Group 3: Overseas Capacity Construction - The company is steadily advancing its overseas capacity construction, with the Thailand subsidiary having successfully laid the foundation in the second half of last year and is now officially under construction [2] - The project aims to achieve early completion and efficiency, injecting strong momentum into the company's international development [2]