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》、《 ...

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 ...

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].

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].