股票代码：300580 股票简称：贝斯特 公告编号：2025-023 无锡贝斯特精机股份有限公司 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""贝斯特"）于 2025 年 拟为全资子公司无锡宇华精机有限公司（以下简称"宇华精机"）、安徽贝斯特 新能源汽车零部件有限公司（以下简称"安徽贝斯特"）向银行等金融机构融资 提供不超过人民币 40,000 万元的担保额度，本次担保事项在公司董事会审议权 限范围内，无需提交股东会审议，具体情况如下： 一、担保情况概述 为满足子公司业务发展和经营需要，提高子公司贷款和融资效率，公司拟为 全资子公司宇华精机、安徽贝斯特向银行等金融机构融资提供担保，提供担保的 形式包括但不限于信用担保(含一般保证、连带责任保证等)、抵押担保、质押担 保或多种担保方式相结合等形式，预计累计担保额度不超过 40,000 万元。使用 期限自第四届董事会第十六次会议通过之日起 12 个月内有效，在上述累计额度 有效范围内担保金额可滚动使用。 公司于 2025 年 8 月 14 日召开了第四届董事会第十六次 ...

| 单位：人民币万元 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 上市公司核 | 2025 年期 | 2025 年半年度占 | 2025 年半年 | 2025 年半年 | | | 度 2025 年半 | | | | | | | | | | | | 占用方与上市公司的关 | | | | | | | | 非经营性资金占用 | | 资金占用方名称 | | 算的会计科 | 初占用资 | 用累计发生金额 | 度占用资 | | | 金 偿还累计发生 | | 年度期末占 | 占用形成原因 | 占用性质 | | | | | | | | 联关系 | | | | | | | | | | | 目 金余额 | | （不含利息) | 的利息 | 金额 | 用 | | 资金余额 | | | | | | | | | | 控股股东、实际控 | | | | | | | | | | 制人及其附属企业 | | | | | | | | | | 小计 | | | | | | | | | | 前控股股东、实际 | | | | | | ...

贝斯特（SZ 300580，收盘价：26.23元）8月14日晚间发布半年度业绩报告称，2025年上半年营业收入 约7.16亿元，同比增加2.73%；归属于上市公司股东的净利润约1.48亿元，同比增加3.3%；基本每股收 益0.2966元，同比增加3.02%。 （文章来源：每日经济新闻） ...

无锡贝斯特精机股份有限公司 | | | 占用方与上市公司的关 | 上市公司核 | 2025 年期 | 2025 年半年度占 | 2025 年半年 | 2025 年半年度 | 2025 年半 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 联关系 | 算的会计科 | 初占用资 | 用累计发生金额 | 度占用资金 | 偿还累计发生 | 年度期末占 | 占用形成原因 | 占用性质 | | | | | 目 | 金余额 | （不含利息) | 的利息 | 金额 | 用资金余额 | | | | 控股股东、实际控 | | | | | | | | | | | | 制人及其附属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 前控股股东、实际 | | | | | | | | | | | | 控制人及其附属企 | | | | | | | | | | | | 业 | | | | | | | | | | | | 小计 | | | | ...

股票代码：300580 股票简称：贝斯特 公告编号：2025-023 无锡贝斯特精机股份有限公司 关于为全资子公司提供担保的公告 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""贝斯特"）于 2025 年 8 月 14 日召开了第四届董事会第十六次会议和第四届董事会独立董事专门会议 2025 年第二次会议，审议通过了《关于为全资子公司提供担保额度的议案》， 拟为全资子公司无锡宇华精机有限公司（以下简称"宇华精机"）、安徽贝斯特 新能源汽车零部件有限公司（以下简称"安徽贝斯特"）向银行等金融机构融资 提供不超过人民币 40,000 万元的担保额度，本次担保事项在公司董事会审议权 限范围内，无需提交股东会审议，具体情况如下： 一、担保情况概述 为满足子公司业务发展和经营需要，提高子公司贷款和融资效率，公司拟为 全资子公司宇华精机、安徽贝斯特向银行等金融机构融资提供担保，提供担保的 形式包括但不限于信用担保(含一般保证、连带责任保证等)、抵押担保、质押担 保或多种担保方式相结合等形式，预计累计担保额度不超过 40,000 ...

股票代码：300580 股票简称：贝斯特 公告编号：2025-020 无锡贝斯特精机股份有限公司 第四届董事会第十六次会议决议公告 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"）第四届董事会第十六次 会议于 2025 年 8 月 3 日以电子邮件方式发出会议通知，于 2025 年 8 月 14 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 2025 年半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。 经审议，全体董事一致认为，公司编制的《2025 年半年度报告》及其摘要符 合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公 司的实际情况，不存在任何虚假记载、误导性陈述或重大遗漏。 若自本分配方案披露日至实施权益分派股权登记日期间，公司总股本由于可 转债转股、股份回购、股权激励行权、再融资新增股份上市等原因发生变动 ...

一、审议程序 1、无锡贝斯特精机股份有限公司（以下简称"公司"）于 2025 年 5 月 16 日召开了 2024 年度股东会，审议通过了《关于提请股东会授权董事会办理 2025 年中期现金分红相关事宜的议案》，同意授权董事会在法律法规和《公司章程》 规定范围内，根据股东会审议通过的 2025 年中期现金分红金额上限及提议期限， 制定具体的中期现金分红方案，并办理 2025 年中期现金分红相关事宜。 股票代码：300580 股票简称：贝斯特 公告编号：2025-019 无锡贝斯特精机股份有限公司 关于公司 2025 年中期现金分红方案的公告 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。 2、公司于 2025 年 8 月 14 日召开第四届董事会第十六次会议、第四届董事 会审计委员会 2025 年第五次会议及第四届董事会独立董事专门会议 2025 年第 二次会议，审议通过了《关于公司 2025 年中期现金分红方案的议案》，本议案 已获公司 2024 年度股东会授权，无需再提交股东会审议。 二、2025 年中期现金分红方案基本情况 根据公司 2025 年半年度财 ...

Group 1 - The company reported a revenue of 716 million yuan for the first half of the year, representing a year-on-year increase of 2.73% [1] - The net profit attributable to shareholders of the listed company was 148 million yuan, showing a year-on-year growth of 3.30% [1] - The basic earnings per share were 0.2966 yuan [1]

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Item%201.%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides essential disclaimers, a detailed report structure, and definitions of key terms for clarity [Important Notice](index=2&type=section&id=Important%20Notice) The company's management guarantees report accuracy, key personnel confirm financial data, and investors are alerted to risks - Company's board, supervisors, and senior management bear legal responsibility for the truthfulness, accuracy, and completeness of the report content[5](index=5&type=chunk) - Company's responsible person Cao Yuhua, head of accounting Chen Bin, and head of accounting department Chen Bin declare the financial report is true, accurate, and complete[5](index=5&type=chunk) - The company advises investors to pay attention to investment risks, detailed in "Section III Management Discussion and Analysis" "X. Risks and Countermeasures Faced by the Company"[5](index=5&type=chunk) 2025 Semi-Annual Profit Distribution Plan | Indicator | Value | | :--- | :--- | | Distribution Base (shares) | 500,543,865 | | Cash Dividend per 10 shares (tax inclusive) | 0.3 yuan | | Bonus Shares (tax inclusive) | 0 shares | | Capital Reserve to Share Capital | 0 shares | [Table of Contents](index=3&type=section&id=Table%20of%20Contents) The report's eight main chapters are clearly listed, covering key information for investor navigation - The report contains eight main chapters with a clear structure[7](index=7&type=chunk) [Definitions](index=5&type=section&id=Definitions) Key terms, company entities, and core products are defined to ensure precise understanding of the report - Defines Company/This Company/Best/Best Precision Machinery as Wuxi Best Precision Machinery Co, Ltd[13](index=13&type=chunk) - Explains names of related parties and subsidiaries such as Best Investment, Xinshi Investment, Xudian Technology, Suzhou Herbes, Yitong Lightweight, Anhui Best, Yuhua Precision Machinery, Beiyonghua[13](index=13&type=chunk)[15](index=15&type=chunk) - Clarifies core technologies and products including turbochargers, impellers/compressor impellers, machining, pneumatic tools, tooling, tooling fixtures, linear motion components/linear motion parts, ball screw pairs, linear guides, planetary roller screws[13](index=13&type=chunk)[15](index=15&type=chunk) [Company Profile and Key Financial Indicators](index=7&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section outlines the company's basic information and presents its key financial performance metrics [Company Profile](index=7&type=section&id=I.%20Company%20Profile) Basic company details, including stock information and legal representative, are provided for investor identification - The company's stock abbreviation is “贝斯特” (Best), stock code “300580”, listed on the Shenzhen Stock Exchange[17](index=17&type=chunk) - The company's Chinese name is Wuxi Best Precision Machinery Co, Ltd, and the legal representative is Cao Yuhua[17](index=17&type=chunk) [Contact Person and Contact Information](index=7&type=section&id=II.%20Contact%20Person%20and%20Contact%20Information) Detailed contact information for investor relations is provided for effective communication - The Board Secretary is Chen Bin, and the Securities Affairs Representative is Deng Li[18](index=18&type=chunk) - The contact address is Wuxi Binhu District Hudai Industrial Park Luou East Road No 186, phone and fax are 0510-82475767, and email is zhengquan@wuxibest.com[18](index=18&type=chunk) [Other Information](index=7&type=section&id=III.%20Other%20Information) Company registration details were updated, while other contact and disclosure information remained unchanged - The company's registered address, office address, website, email, and information disclosure storage location remained unchanged during the reporting period[19](index=19&type=chunk)[20](index=20&type=chunk) - The company's registration location changed from Wuxi Administrative Approval Bureau to Wuxi Data Bureau[21](index=21&type=chunk) - The registration date at the beginning of the reporting period was March 11, 2024, and at the end of the reporting period was March 04, 2025[21](index=21&type=chunk) [Key Accounting Data and Financial Indicators](index=8&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Revenue and net profit grew steadily, but operating cash flow significantly declined, while assets increased Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | Current Period (RMB) | Prior Year Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 716,406,006.74 | 697,345,035.52 | 2.73% | | Net Profit Attributable to Shareholders of Listed Company | 148,468,688.19 | 143,729,264.70 | 3.30% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | 139,384,110.66 | 134,496,882.86 | 3.63% | | Net Cash Flow from Operating Activities | 45,213,774.23 | 218,751,274.11 | -79.33% | | Basic Earnings Per Share (RMB/share) | 0.2966 | 0.2879 | 3.02% | | Diluted Earnings Per Share (RMB/share) | 0.2966 | 0.2879 | 3.02% | | Weighted Average Return on Net Assets | 4.69% | 4.89% | -0.20% | | Total Assets (Period-end) | 3,751,480,798.45 | 3,731,065,443.12 | 0.55% | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 3,176,603,088.83 | 3,094,055,999.98 | 2.67% | - Net cash flow from operating activities decreased by **79.33%** year-on-year, primarily due to a change in bill payment methods (payment by endorsed acceptance bills) and increased tax payments in the current period[23](index=23&type=chunk) [Differences in Accounting Data under Domestic and Foreign Accounting Standards](index=8&type=section&id=V.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Foreign%20Accounting%20Standards) No discrepancies were found between domestic and international accounting standards for net profit and net assets - The company reported no differences in net profit and net assets between financial reports disclosed under international accounting standards and Chinese accounting standards during the reporting period[24](index=24&type=chunk) - The company reported no differences in net profit and net assets between financial reports disclosed under foreign accounting standards and Chinese accounting standards during the reporting period[25](index=25&type=chunk) [Non-Recurring Gains and Losses and Amounts](index=8&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20and%20Amounts) Non-recurring items, mainly from financial assets and government grants, totaled **RMB 9.08 million** 2025 Semi-Annual Non-Recurring Gains and Losses and Amounts | Item | Amount (RMB) | | :--- | :--- | | Disposal gains and losses of non-current assets | -51,810.79 | | Government subsidies included in current profit and loss (excluding those related to normal business operations) | 510,542.99 | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and disposal gains and losses of financial assets and liabilities, excluding effective hedging activities related to normal business operations | 10,216,146.29 | | Other non-operating income and expenses apart from the above items | 1,385.10 | | Less: Income tax impact | 1,586,708.62 | | Minority interest impact (after tax) | 4,977.44 | | Total | 9,084,577.53 | - The company has no other profit and loss items that meet the definition of non-recurring gains and losses, nor does it classify non-recurring gains and losses as recurring gains and losses[27](index=27&type=chunk)[28](index=28&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Item%203.%20Management%20Discussion%20and%20Analysis) This section reviews the company's operations, financial performance, and strategic initiatives during the reporting period [Principal Businesses Engaged by the Company During the Reporting Period](index=10&type=section&id=I.%20Principal%20Businesses%20Engaged%20by%20the%20Company%20During%20the%20Reporting%20Period) The company's business strategy focuses on "three-tier industries," encompassing precision components, intelligent equipment and tooling, new energy vehicle components, and linear motion components, with significant growth in new energy and smart connected vehicles globally and in China - The company's business is divided into three segments: original precision components, intelligent equipment and tooling; new energy vehicle components; and linear motion components for industrial mother machines, humanoid robots, and other fields[51](index=51&type=chunk) - Wholly-owned subsidiary Anhui Best has commenced operations, focusing on lightweight structural components, high-value-added precision components, and core parts for hydrogen fuel and natural gas vehicles[56](index=56&type=chunk) - Wholly-owned subsidiary Yuhua Precision Machinery is fully developing linear motion components, including high-precision ball/roller screw pairs, miniature screws, and high-precision linear guides, achieving breakthroughs in C0-grade ball screw pairs and securing bulk orders[55](index=55&type=chunk) - In May 2024, the company invested in establishing Beiyonghua New Technology Co, Ltd in Thailand, expected to commence operations in the fourth quarter of 2025, with business covering products from the first and second-tier industries[56](index=56&type=chunk) [(I) Industry Development](index=10&type=section&id=(I)%20Industry%20Development) Global and Chinese automotive markets, especially new energy vehicles, show strong growth supported by favorable policies - Global automotive production and sales achieved compound annual growth rates of **4.90%** and **4.45%** respectively between 2021-2024, reaching **92.5043 million units** and **95.3147 million units** in 2024[30](index=30&type=chunk) - Global new energy vehicle sales reached **18.236 million units** in 2024, a **24.4%** year-on-year increase, with China's share of global new energy vehicle sales rising to **70.5%**[32](index=32&type=chunk) - Annual sales of L3 autonomous vehicles are projected to exceed **1.6 million units** by 2025, and by 2030, L1 and L2 autonomous driving will account for **27.7%** and **51.2%** of all new cars, respectively[32](index=32&type=chunk) - From January to June 2025, China's automotive production and sales reached **15.621 million units** and **15.653 million units** respectively, increasing by **12.5%** and **11.4%** year-on-year, with a global market share of **36%**[37](index=37&type=chunk) - From January to June 2025, China's new energy vehicle production and sales reached **6.968 million units** and **6.937 million units** respectively, increasing by **41.4%** and **40.3%** year-on-year, with sales accounting for **44.3%** of total new car sales[39](index=39&type=chunk) - From January to June 2025, China's automotive exports reached **3.083 million units**, a **10.4%** year-on-year increase, with new energy vehicle exports reaching **1.06 million units**, a **75.2%** year-on-year increase[42](index=42&type=chunk) - In the first half of 2025, the state introduced multiple policies to support the automotive industry, including optimizing new energy vehicle credit management, implementing consumer goods trade-in subsidies, strengthening smart connected vehicle product access and recall management, promoting vehicle-grid interaction pilots, and new energy vehicles going to rural areas[46](index=46&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk) [(II) Company's Principal Businesses](index=14&type=section&id=(II)%20Company's%20Principal%20Businesses) The company's "three-tier industry" strategy expands into new energy vehicle components and linear motion parts - The company's business revolves around a "three-tier industry" strategic layout, including existing precision components, intelligent equipment and tooling; new energy vehicle components; and linear motion components for industrial mother machines, humanoid robots, and other fields[51](index=51&type=chunk) - The company expanded its products to include automotive turbocharger compressor housings and new energy vehicle aluminum alloy structural parts through the "Automotive Precision Components Project (Phase I)"[54](index=54&type=chunk) - Wholly-owned subsidiary Yuhua Precision Machinery has fully deployed high-precision ball/roller screw pairs, miniature screws, high-precision linear guide pairs, and other linear motion components, which have been applied by well-known domestic machine tool manufacturers and secured bulk delivery orders, with C0-grade ball screw pairs achieving breakthroughs[55](index=55&type=chunk) - Wholly-owned subsidiary Anhui Best New Energy Vehicle Components Co, Ltd has completed construction and commenced operations, focusing on lightweight structural components, high-value-added precision components, and core parts for hydrogen fuel and natural gas vehicles[56](index=56&type=chunk) - In May 2024, the company invested in establishing Beiyonghua New Technology Co, Ltd in Thailand, expected to commence operations in the fourth quarter of 2025, with business covering products related to the first and second-tier industries[56](index=56&type=chunk) [(III) Company's Main Products and Uses](index=15&type=section&id=(III)%20Company's%20Main%20Products%20and%20Uses) A table details the company's diverse product lines and their applications across various industries Company's Main Products and Application Areas | Product Series | Main Product Examples | Application Areas | | :--- | :--- | :--- | | Precision Components | Turbocharger precision bearing parts, impellers, compressor housings; pure electric vehicle on-board charger modules, drive motor components; hydrogen fuel cell vehicle air compressor impellers; aircraft cabin seat components | Fuel vehicle turbochargers, engines; pure electric vehicles, hydrogen fuel and natural gas vehicles; aircraft cabins; pneumatic tools, communication base stations, refrigeration compressors, etc | | Tooling Fixtures | New energy vehicle motor housing fixtures, 5G base plate fixtures, engine cylinder block fixtures | Production of components for automotive, rail transit, wind power, 5G communication, etc | | Intelligent Equipment and Tooling | Robot automated drilling systems, dual-robot automated drilling and riveting systems, production automation systems | Automated assembly of aircraft wings, fuselages; automated production in automotive, rail transit, wind power, etc | | Linear Motion Components | High-precision ball/roller screw pairs, miniature screws, high-precision linear guide pairs, linear actuators | Mid-to-high-end machine tools, semiconductor equipment, automation industry, humanoid robots, automotive industry, etc | [(IV) Company's Business Model, Market Position, etc](index=18&type=section&id=(IV)%20Company's%20Business%20Model%2C%20Market%20Position%2C%20etc) The company's operational model and market standing remained stable, consistent with the prior annual report - During the reporting period, the company's business model, market position, etc, did not undergo significant changes, with details available in the company's 2024 Annual Report[67](index=67&type=chunk) [Analysis of Core Competitiveness](index=18&type=section&id=II.%20Analysis%20of%20Core%20Competitiveness) The company maintains strong advantages in customer base, R&D, intelligent manufacturing, and product diversification - The company's core competitiveness primarily includes advantages in customer resources, technological R&D, green intelligent manufacturing, product diversification, quality, regional presence, management, and talent[68](index=68&type=chunk) - The company's core competitiveness did not undergo significant changes during this reporting period, with details available in the company's 2024 Annual Report[68](index=68&type=chunk) [Analysis of Principal Business](index=18&type=section&id=III.%20Analysis%20of%20Principal%20Business) The company achieved steady growth, advanced its "three-tier strategy," and expanded globally and digitally - In the first half of 2025, the company achieved operating revenue of **RMB 716.406 million**, a year-on-year increase of **2.73%**[73](index=73&type=chunk) - Net profit attributable to shareholders of the listed company was **RMB 148.4687 million**, a year-on-year increase of **3.3%**[73](index=73&type=chunk) - Net profit attributable to shareholders of the listed company after deducting non-recurring items was **RMB 139.3841 million**, a year-on-year increase of **3.63%**[73](index=73&type=chunk) - The company continues to advance its "three-tier development framework," including strengthening the cornerstone role of the first-tier industry (original precision components, intelligent equipment, and tooling), expanding achievements in the second-tier industry (new energy vehicle components), and deepening market expansion and industrial chain extension in the third-tier industry (linear motion components)[73](index=73&type=chunk)[74](index=74&type=chunk)[75](index=75&type=chunk)[76](index=76&type=chunk) - The company is accelerating the construction of its Thailand subsidiary, planned to commence operations in the fourth quarter of 2025, to build a more resilient global layout[78](index=78&type=chunk)[79](index=79&type=chunk) - The company continuously strengthens quality management, improves its internal control system, and promotes intelligent manufacturing to build "Best Industry 4.0"[80](index=80&type=chunk)[81](index=81&type=chunk) [Overview](index=18&type=section&id=Overview) Global and Chinese economies showed growth, with significant expansion in China's automotive and new energy vehicle sectors - In the first half of 2025, global economic growth was **3.0%**, and China's GDP increased by **5.3%** year-on-year[69](index=69&type=chunk)[70](index=70&type=chunk) - China's automotive production and sales both exceeded **15 million units** for the first time, with new energy vehicle production and sales growing by **41.4%** and **40.3%** respectively, accounting for **44.3%** of total new car sales[71](index=71&type=chunk) - From January to May 2025, China's machine tool industry's operating revenue decreased by **1.3%** year-on-year, but metal cutting machine tools and metal forming machine tools increased by **14.5%** and **12.0%** respectively[72](index=72&type=chunk) Company's Key Financial Performance in H1 2025 | Indicator | Amount (RMB 10,000) | YoY Growth | | :--- | :--- | :--- | | Operating Revenue | 71,640.60 | 2.73% | | Net Profit Attributable to Shareholders of Listed Company | 14,846.87 | 3.3% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | 13,938.41 | 3.63% | [Key Initiatives](index=19&type=section&id=Key%20Initiatives) The company enhanced traditional businesses, expanded new energy vehicle production, and innovated in linear motion components - The company continuously enhances the comprehensive competitiveness of its first-tier industry (original turbocharger core components, precision components, intelligent equipment, and tooling) through cost reduction, customer expansion, product cost-effectiveness improvement, intelligent manufacturing, process optimization, and strict cost control[74](index=74&type=chunk) - The company's wholly-owned subsidiary Anhui Best has completed construction and commenced operations, further expanding new energy vehicle component production scale, strengthening customer stickiness, and accelerating the company's transformation and upgrading[75](index=75&type=chunk) - Wholly-owned subsidiary Yuhua Precision Machinery, through technological breakthroughs, independently developed "high-precision double-end face center hole special grinding machine" and "ball screw pair life testing machine," enabling ball screw pair accuracy to reach C0 grade and linear guide pair accuracy to reach UP grade, and secured bulk orders[76](index=76&type=chunk) - The company expanded its core component business to the entire linear actuator drive field, completing an integrated layout and enhancing its bargaining power with clients[77](index=77&type=chunk) - The company is accelerating the construction of its Thailand subsidiary Beiyonghua, planned to commence operations in the fourth quarter of 2025, to deeply cultivate the Southeast Asian market and radiate to Australia, New Zealand, and South Asia, building a global layout[78](index=78&type=chunk)[79](index=79&type=chunk) - The company focuses on R&D and application of new technologies such as big data, automatic control, and industrial IoT, actively building "Best Industry 4.0" to enhance business intelligence, digitalization, and automation[80](index=80&type=chunk) - The company continuously strengthens quality management, prioritizing product quality through full-process control, improving production efficiency, and reducing costs, while also reinforcing safety production and internal control system construction[81](index=81&type=chunk) [Year-on-Year Changes in Key Financial Data](index=20&type=section&id=Year-on-Year%20Changes%20in%20Key%20Financial%20Data) Financial performance showed revenue growth, but cash flow from operations significantly decreased Year-on-Year Changes in Key Financial Data | Item | Current Period (RMB) | Prior Year Period (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 716,406,006.74 | 697,345,035.52 | 2.73% | - | | Operating Cost | 467,716,502.36 | 454,577,642.77 | 2.89% | - | | Selling Expenses | 3,500,003.38 | 3,786,347.35 | -7.56% | - | | Administrative Expenses | 60,393,262.47 | 61,668,418.48 | -2.07% | - | | Financial Expenses | -197,734.85 | -3,605,989.70 | 94.52% | Primarily due to exchange gains/losses impact in the reporting period | | Income Tax Expense | 19,770,980.36 | 19,057,502.44 | 3.74% | - | | R&D Investment | 31,562,906.74 | 27,692,178.37 | 13.98% | - | | Net Cash Flow from Operating Activities | 45,213,774.23 | 218,751,274.11 | -79.33% | Primarily due to change in bill payment methods and increased tax payments compared to prior year | | Net Cash Flow from Investing Activities | 24,615,862.40 | -96,057,048.70 | 125.63% | Primarily due to increased redemption of wealth management products in the reporting period | | Net Cash Flow from Financing Activities | -70,076,141.10 | -67,912,097.00 | -3.19% | - | | Net Increase in Cash and Cash Equivalents | 636,466.29 | 55,371,237.77 | -98.85% | Primarily due to increased tax payments compared to prior year | [Products or Services Accounting for Over 10%](index=21&type=section&id=Products%20or%20Services%20Accounting%20for%20Over%2010%25) Automotive components dominate revenue, with international sales showing stronger growth than domestic Products or Services Accounting for Over 10% | Category | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Cost | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **By Product or Service** | | | | | | | | Automotive Components | 667,043,013.68 | 442,807,961.85 | 33.62% | 6.05% | 4.61% | 0.92% | | **By Industry** | | | | | | | | Automotive Industry | 667,043,013.68 | 442,807,961.85 | 33.62% | 6.05% | 4.61% | 0.92% | | **By Region** | | | | | | | | Domestic Region | 438,563,995.50 | 301,807,215.25 | 31.18% | -3.64% | 0.66% | -2.95% | | International Region | 277,842,011.24 | 165,909,287.11 | 40.29% | 14.71% | 7.20% | 4.19% | [Analysis of Non-Principal Business](index=21&type=section&id=IV.%20Analysis%20of%20Non-Principal%20Business) Non-principal business profits primarily stemmed from investment income and government subsidies Impact of Non-Principal Business on Total Profit | Item | Amount (RMB) | % of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 10,918,870.42 | 6.49% | Income from company's own funds used to purchase wealth management products and investment in Xudian Technology | No | | Fair Value Change Gains/Losses | -458,278.64 | -0.27% | Recognized but not yet due wealth management product income | No | | Asset Impairment | -3,876,238.14 | -2.30% | Asset impairment from inventory depreciation provision | No | | Non-Operating Income | 1,435.97 | 0.00% | Primarily due to compensation received | No | | Non-Operating Expenses | 50.87 | 0.00% | Various non-operating expenses | No | | Credit Impairment | -536,102.30 | -0.32% | Provision for bad debts on accounts receivable, notes receivable, other receivables based on portfolio | No | | Other Income | 18,276,991.07 | 10.86% | Various government subsidies | No | | Asset Disposal Gains/Losses | -51,810.79 | -0.03% | Gains/losses from disposal of fixed assets | No | [Analysis of Assets and Liabilities](index=21&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets and net assets increased slightly, while trading financial assets decreased due to redemptions Significant Changes in Asset Composition | Item | Period-end Amount (RMB) | % of Total Assets | Prior Year-end Amount (RMB) | % of Total Assets | % Change | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Total Assets | 3,751,480,798.45 | - | 3,731,065,443.12 | - | 0.55% | No significant change | | Net Assets Attributable to Shareholders of Listed Company | 3,176,603,088.83 | - | 3,094,055,999.98 | - | 2.67% | No significant change | | Trading Financial Assets | 656,491,700.30 | 17.50% | 755,083,524.39 | 20.24% | -2.74% | Primarily due to redemption of wealth management products | - The company had no major overseas assets at the end of the reporting period[91](index=91&type=chunk) Financial Assets Measured at Fair Value at Period-end | Item | Period-end Amount (RMB) | | :--- | :--- | | Trading Financial Assets | 656,491,700.30 | | Notes Receivable Financing | 129,988,915.22 | | Total | 786,480,615.52 | Asset Rights Restricted at Period-end | Item | Book Value (RMB) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 32,800.00 | Bank acceptance bill margin | | Notes Receivable | 13,600,000.00 | Pledged to bank for issuing bank acceptance bills | | Total | 13,632,800.00 | - | [Analysis of Investment Status](index=23&type=section&id=VI.%20Analysis%20of%20Investment%20Status) Total investment decreased by nearly half, primarily in wealth management products and notes receivable financing Overall Investment Amount During the Reporting Period | Indicator | Amount (RMB) | | :--- | :--- | | Investment Amount in Reporting Period | 83,826,770.68 | | Investment Amount in Prior Year Period | 166,904,068.39 | | Change Rate | -49.78% | - The company had no significant equity investments, non-equity investments, or use of raised funds during the reporting period[95](index=95&type=chunk)[97](index=97&type=chunk) Investments in Financial Assets Measured at Fair Value | Asset Category | Period-end Amount (RMB) | Cumulative Investment Income (RMB) | Source of Funds | | :--- | :--- | :--- | :--- | | Other (Wealth Management Products) | 656,491,700.30 | 68,694,340.33 | Own Funds | | Notes Receivable Financing | 129,988,915.22 | - | Own Funds | | Total | 786,480,615.52 | 68,694,340.33 | - | Overview of Entrusted Wealth Management | Specific Type | Entrusted Wealth Management Amount (RMB 10,000) | Outstanding Balance (RMB 10,000) | | :--- | :--- | :--- | | Bank Wealth Management Products | 52,503.05 | 30,368.95 | | Brokerage Wealth Management Products | 45,997.6 | 37,000 | | Total | 98,500.65 | 67,368.95 | - The company had no derivative investments or entrusted loans during the reporting period[100](index=100&type=chunk)[101](index=101&type=chunk) [Significant Asset and Equity Sales](index=24&type=section&id=VII.%20Significant%20Asset%20and%20Equity%20Sales) No significant asset or equity sales occurred during the reporting period - The company did not sell significant assets during the reporting period[102](index=102&type=chunk) - The company did not sell significant equity during the reporting period[103](index=103&type=chunk) [Analysis of Major Holding and Associate Companies](index=24&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Associate%20Companies) Major subsidiaries, including new energy and precision machinery ventures, reported losses during their development phase Major Subsidiaries and Associate Companies with Over 10% Impact on Company's Net Profit | Company Name | Company Type | Registered Capital (RMB) | Total Assets (RMB) | Net Assets (RMB) | Operating Revenue (RMB) | Operating Profit (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Yuhua Precision Machinery | Subsidiary | 100,000,000 | 232,614,714.37 | 44,258,400.98 | 1,940,571.36 | -14,545,344.74 | -9,230,030.65 | | Anhui Best | Subsidiary | 100,000,000 | 328,230,624.64 | 275,202,658.25 | 20,748,190.57 | -6,318,179.45 | -4,681,924.28 | | Beiyonghua | Subsidiary | 600,000,000 Thai Baht | 68,018,744.47 | 60,990,431.62 | 0 | -319,370.19 | -255,496.15 | - The company did not acquire or dispose of any subsidiaries during the reporting period[105](index=105&type=chunk) [Structured Entities Controlled by the Company](index=25&type=section&id=IX.%20Structured%20Entities%20Controlled%20by%20the%20Company) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[106](index=106&type=chunk) [Risks Faced by the Company and Countermeasures](index=25&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company addresses international trade, industry, raw material, price, and exchange rate risks through strategic initiatives - International trade environment risk: Changes in international situations, deglobalization, and trade protectionism impact the company's international business[106](index=106&type=chunk) - Countermeasures: Accelerate technological, marketing, and management innovation, optimize product structure, enhance bargaining power, vigorously expand the domestic market, and accelerate overseas investment in factories (Thailand)[106](index=106&type=chunk) - Automotive industry cyclical fluctuations and policy risks: Macroeconomic fluctuations and new energy vehicle development may affect traditional fuel vehicle component businesses[107](index=107&type=chunk) - Countermeasures: Deeply research macroeconomic and policy trends, build a "three-tier industrial chain": first tier (existing business) expands to range-extended and hybrid vehicle components; second tier (new energy vehicle core components) solidifies transformation; third tier (linear motion components) targets new fields such as industrial mother machines, humanoid robots, new energy vehicles, and automation industries[108](index=108&type=chunk) - Raw material price fluctuation risk: Price fluctuations of major raw materials such as aluminum ingots, copper rods, scrap steel, and aluminum rods affect business profits[109](index=109&type=chunk) - Countermeasures: Closely monitor market changes, improve procurement management, reasonably control inventory reserves, and strengthen supply chain management[109](index=109&type=chunk) - Product price decline risk: The automotive component industry generally has annual price adjustment conventions, which may lead to performance impairment[111](index=111&type=chunk) - Countermeasures: Continuously and rapidly develop high-end new products, enhance bargaining power; reduce costs and increase efficiency through automation upgrades, process optimization, efficiency improvements, and cost reduction measures[111](index=111&type=chunk) - Exchange rate fluctuation risk: The company's product exports are primarily settled in USD, and RMB exchange rate fluctuations may lead to exchange losses[112](index=112&type=chunk) - Countermeasures: Closely monitor political and economic situations, strategically deploy international business in stable countries and regions, accelerate domestic market expansion; adopt appropriate settlement methods and utilize financial products to reduce exchange gains/losses[112](index=112&type=chunk) [Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period](index=26&type=section&id=XI.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) The company engaged with investors on strategy, business development, and financial performance through various activities - The company hosted multiple on-site research visits from institutional investors such as E Fund, Minsheng Securities, Huatai Securities, Cinda Aoya, and GOLDMAN SACHS ASSET MANAGEMENT on February 11, February 17, and February 19, 2025[113](index=113&type=chunk)[114](index=114&type=chunk) - Research content primarily focused on the company's basic situation, third-tier industry layout, turbocharger business development, future development direction, and overseas capacity building[113](index=113&type=chunk)[114](index=114&type=chunk) - On April 30, 2025, the company communicated with public investors via an online platform, discussing the development of its third-tier business, future R&D investment plans, core competitive advantages of new energy vehicle components, overseas capacity development plans, emerging business development, and the company's profitability[114](index=114&type=chunk) - On May 15, 2025, the company hosted on-site research visits from institutional investors including Pramerica Everbright, Huafu Securities, GF Securities, and Shanghai Trust, discussing company performance, major downstream customers, subsidiary development, and the three-tier industry layout[114](index=114&type=chunk)[115](index=115&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=28&type=section&id=XII.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company did not formulate a market value management system or disclose a valuation enhancement plan during the reporting period - The company did not formulate a market value management system[116](index=116&type=chunk) - The company did not disclose a valuation enhancement plan[116](index=116&type=chunk) [Implementation of "Dual Improvement in Quality and Returns" Action Plan](index=28&type=section&id=XIII.%20%22Dual%20Improvement%20in%20Quality%20and%20Returns%22%20Action%20Plan) The company did not disclose an action plan for "Dual Improvement in Quality and Returns" - The company did not disclose an announcement regarding the "Dual Improvement in Quality and Returns" action plan[116](index=116&type=chunk) [Corporate Governance, Environment, and Society](index=28&type=section&id=Item%204.%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section covers changes in governance, profit distribution, social responsibility, and environmental disclosures [Changes in Directors, Supervisors, and Senior Management](index=28&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) Supervisory Board members resigned due to reform during the reporting period - Supervisory Board Chairman Hua Gang resigned on May 16, 2025, due to Supervisory Board reform[117](index=117&type=chunk) - Employee Representative Supervisor Tang Meihong resigned on May 16, 2025, due to Supervisory Board reform[117](index=117&type=chunk) - Supervisor You Jiayi resigned on May 16, 2025, due to Supervisory Board reform[117](index=117&type=chunk) [Profit Distribution and Capital Reserve to Share Capital Conversion During the Reporting Period](index=28&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20to%20Share%20Capital%20Conversion%20During%20the%20Reporting%20Period) The board approved a cash dividend of **RMB 0.3** per 10 shares, totaling **RMB 15.02 million** 2025 Semi-Annual Profit Distribution and Capital Reserve to Share Capital Conversion | Indicator | Value | | :--- | :--- | | Bonus Shares per 10 shares (shares) | 0 | | Dividend per 10 shares (RMB) (tax inclusive) | 0.3 | | Share Capital Base for Distribution Plan (shares) | 500,543,865 | | Cash Dividend Amount (RMB) (tax inclusive) | 15,016,315.95 | | Cash Dividend Amount by Other Means (e.g., share repurchase) (RMB) | 0.00 | | Total Cash Dividend (including other means) (RMB) | 15,016,315.95 | | Distributable Profit (RMB) | 1,416,670,983.71 | | Ratio of Total Cash Dividend (including other means) to Total Profit Distribution | 100.00% | - This profit distribution plan does not involve capital reserve to share capital conversion or bonus shares[119](index=119&type=chunk) [Implementation of Company's Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=30&type=section&id=III.%20Implementation%20of%20Company's%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) No equity incentive plans, employee stock ownership plans, or other incentive measures were implemented - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period[120](index=120&type=chunk) [Environmental Information Disclosure](index=30&type=section&id=IV.%20Environmental%20Information%20Disclosure) The company and its major subsidiaries are not legally required to disclose environmental information - The listed company and its major subsidiaries were not included in the list of enterprises required to disclose environmental information by law[121](index=121&type=chunk) [Social Responsibility](index=30&type=section&id=V.%20Social%20Responsibility) The company actively fulfills social responsibilities, focusing on stakeholder rights, employee welfare, and quality management - The company takes "building an excellent enterprise and sharing development achievements" as its corporate mission, and "doing things with heart, being virtuous, and building a specialized, refined, unique, and innovative brand" as its corporate values, striving to become a century-old enterprise "recognized by society, satisfied by customers, and proud of by employees"[121](index=121&type=chunk) - The company strictly abides by laws and regulations, operates in a standardized manner, and fulfills information disclosure obligations truthfully, accurately, completely, and timely, communicating with investors through various means to protect the interests of all shareholders, especially small and medium shareholders[122](index=122&type=chunk) - The company strictly complies with the "Labor Law" and "Labor Contract Law," provides social insurance and housing provident fund for employees, emphasizes welfare construction and talent development, encourages technological innovation, and fosters a fair and just development environment[123](index=123&type=chunk) - General Manager Guo Junxin was awarded the "Wuxi City Model Worker" title, the company held a "Ten Years of Loyalty Employee" award ceremony and the Sixth Employee Skills Competition, and highly values safety production[123](index=123&type=chunk)[124](index=124&type=chunk) - The company has established a comprehensive supply chain management system, strictly controls product quality, builds long-term stable cooperative relationships with suppliers, and protects their legitimate rights and interests; the company adheres to a customer-centric approach, rapidly responds to needs, and provides satisfactory services[127](index=127&type=chunk) [Significant Matters](index=32&type=section&id=Item%205.%20Significant%20Matters) This section details important events, commitments, and transactions, including litigation and related party dealings [Commitments Fulfilled or Overdue by Controlling Shareholder, Shareholders, Related Parties, Acquirers, and the Company During the Reporting Period](index=32&type=section&id=I.%20Commitments%20Fulfilled%20or%20Overdue%20by%20Controlling%20Shareholder%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20the%20Reporting%20Period) No fulfilled or overdue commitments from key stakeholders were reported - The company reported no commitments by its controlling shareholder, shareholders, related parties, acquirers, or the company that were fulfilled or overdue during the reporting period[130](index=130&type=chunk) [Non-Operating Fund Occupation by Controlling Shareholder and Other Related Parties](index=32&type=section&id=II.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholder%20and%20Other%20Related%20Parties) No non-operating fund occupation by controlling shareholders or related parties occurred - The company reported no non-operating fund occupation by its controlling shareholder or other related parties during the reporting period[131](index=131&type=chunk) [Irregular External Guarantees](index=32&type=section&id=III.%20Irregular%20External%20Guarantees) The company reported no irregular external guarantees during the period - The company had no irregular external guarantees during the reporting period[132](index=132&type=chunk) [Appointment and Dismissal of Accounting Firms](index=32&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[133](index=133&type=chunk) [Explanations by the Board of Directors, Supervisory Board, and Audit Committee on the Accounting Firm's "Non-Standard Audit Report" for the Current Period](index=32&type=section&id=V.%20Explanations%20by%20the%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20and%20Audit%20Committee%20on%20the%20Accounting%20Firm's%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Current%20Period) No explanations regarding a "non-standard audit report" were provided by the board, supervisory board, or audit committee - The company reported no explanations by the Board of Directors, Supervisory Board, or Audit Committee regarding a "non-standard audit report" from the accounting firm for the current period[134](index=134&type=chunk) [Explanations by the Board of Directors on the "Non-Standard Audit Report" for the Prior Year](index=32&type=section&id=VI.%20Explanations%20by%20the%20Board%20of%20Directors%20on%20the%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Prior%20Year) No explanations regarding the prior year's "non-standard audit report" were provided by the board - The company reported no explanations by the Board of Directors regarding the "non-standard audit report" for the prior year[134](index=134&type=chunk) [Bankruptcy and Reorganization Matters](index=32&type=section&id=VII.%20Bankruptcy%20and%20Reorganization%20Matters) The company had no bankruptcy and reorganization matters during the reporting period - The company had no bankruptcy and reorganization matters during the reporting period[134](index=134&type=chunk) [Litigation Matters](index=32&type=section&id=VIII.%20Litigation%20Matters) No significant litigation occurred, but minor cases totaling **RMB 889,700** are currently under review - The company had no significant litigation or arbitration matters during this reporting period[135](index=135&type=chunk) Other Litigation Matters | Basic Information of Litigation (Arbitration) | Amount Involved (RMB 10,000) | Provision for Estimated Liabilities Formed | Progress of Litigation (Arbitration) | Outcome and Impact of Litigation (Arbitration) | Status of Litigation (Arbitration) Judgment Execution | | :--- | :--- | :--- | :--- | :--- | :--- | | Other litigation matters not meeting disclosure thresholds | 88.97 | No | Currently under review | Currently under review | Currently under review | [Penalties and Rectification](index=33&type=section&id=IX.%20Penalties%20and%20Rectification) The company reported no penalties or rectification situations - The company had no penalties or rectification situations during the reporting period[137](index=137&type=chunk) [Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=33&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) No integrity issues were reported for the company, its controlling shareholder, or actual controller - The company reported no issues regarding the integrity status of the company, its controlling shareholder, or actual controller during the reporting period[138](index=138&type=chunk) [Significant Related Party Transactions](index=33&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) No significant related party transactions, beyond key management compensation, occurred - The company had no related party transactions related to daily operations during the reporting period[138](index=138&type=chunk) - The company had no related party transactions involving asset or equity acquisitions/disposals during the reporting period[139](index=139&type=chunk) - The company had no related party transactions involving joint external investments during the reporting period[140](index=140&type=chunk) - The company had no related party creditor-debtor relationships during the reporting period[141](index=141&type=chunk) - The company and its controlled financial companies had no deposit, loan, credit, or other financial business dealings with related parties[142](index=142&type=chunk)[143](index=143&type=chunk) - The company had no other significant related party transactions during the reporting period[144](index=144&type=chunk) [Significant Contracts and Their Performance](index=34&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) No major contracts, except for approved but unused subsidiary guarantee limits, were reported - The company had no entrustment, contracting, or leasing situations during the reporting period[145](index=145&type=chunk)[146](index=146&type=chunk)[147](index=147&type=chunk) Company's Guarantees for Subsidiaries | Name of Guaranteed Party | Disclosure Date of Guarantee Limit Announcement | Guarantee Limit (RMB 10,000) | Actual Occurrence Date | Actual Guarantee Amount (RMB 10,000) | Guarantee Type | Collateral (if any) | Counter-guarantee (if any) | Guarantee Period | Fulfilled | Related Party Guarantee | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Wuxi Yuhua Precision Machinery Co, Ltd | August 08, 2024 | 20,000 | - | 0 | - | None | None | No actual guarantee occurred | No | No | | Anhui Best New Energy Vehicle Components Co, Ltd | August 08, 2024 | 20,000 | - | 0 | - | None | None | No actual guarantee occurred | No | No | | Total approved guarantee limit for subsidiaries during reporting period | - | 40,000 | - | - | - | - | - | - | - | - | | Total actual guarantee amount for subsidiaries during reporting period | - | - | - | 0 | - | - | - | - | - | - | | Total approved guarantee limit for subsidiaries at period-end | - | 40,000 | - | - | - | - | - | - | - | - | | Total actual guarantee balance for subsidiaries at period-end | - | - | - | 0 | - | - | - | - | - | - | - The company had no significant daily operation contracts or other significant contracts during the reporting period[152](index=152&type=chunk)[153](index=153&type=chunk) [Explanation of Other Significant Matters](index=36&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) No other significant matters requiring explanation were reported - The company reported no other significant matters requiring explanation during the reporting period[154](index=154&type=chunk) [Significant Matters of Company Subsidiaries](index=36&type=section&id=XIV.%20Significant%20Matters%20of%20Company%20Subsidiaries) No significant matters concerning company subsidiaries were reported - The company had no significant matters concerning its subsidiaries during the reporting period[155](index=155&type=chunk) [Share Changes and Shareholder Information](index=37&type=section&id=Item%206.%20Share%20Changes%20and%20Shareholder%20Information) This section details changes in share capital, shareholder structure, and key personnel holdings [Share Change Information](index=37&type=section&id=I.%20Share%20Change%20Information) No changes in total shares, restricted, or unrestricted shares occurred during the period Share Change Information | Item | Quantity Before Change (shares) | Proportion Before Change | Net Increase/Decrease in This Change (shares) | Quantity After Change (shares) | Proportion After Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 29,730,290.00 | 5.94% | 0 | 29,730,290.00 | 5.94% | | II. Unrestricted Shares | 470,813,575.00 | 94.06% | 0 | 470,813,575.00 | 94.06% | | III. Total Shares | 500,543,865.00 | 100.00% | 0 | 500,543,865.00 | 100.00% | - There were no reasons for share changes, no approval or transfer situations, no progress on share repurchases, and no progress on reducing repurchased shares through centralized bidding during the reporting period[157](index=157&type=chunk)[159](index=159&type=chunk) [Securities Issuance and Listing](index=38&type=section&id=II.%20Securities%20Issuance%20and%20Listing) No securities issuance or listing activities took place during the reporting period - The company had no securities issuance or listing activities during the reporting period[159](index=159&type=chunk) [Number of Shareholders and Shareholding Information](index=38&type=section&id=III.%20Number%20of%20Shareholders%20and%20Shareholding%20Information) The company had **48,396** shareholders, with the actual controller holding **55.26%** directly and indirectly - The total number of common shareholders at the end of the reporting period was **48,396**[160](index=160&type=chunk) Shareholding of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held at Period-end (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Wuxi Best Investment Co, Ltd | Domestic Non-State-Owned Legal Person | 49.67% | 248,599,638 | 0 | 248,599,638 | | Cao Yuhua | Domestic Natural Person | 5.12% | 25,649,662 | 19,237,246 | 6,412,416 | | Cao Yi | Domestic Natural Person | 2.80% | 13,990,725 | 10,493,044 | 3,497,681 | | Xie Sixuan | Domestic Natural Person | 1.40% | 6,995,362 | 0 | 6,995,362 | | Wuxi Xinshi Investment Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 0.93% | 4,654,312 | 0 | 4,654,312 | | Hong Kong Securities Clearing Company Limited | Other | 0.92% | 4,602,356 | 0 | 4,602,356 | - Wuxi Best Investment Co, Ltd is a wholly-owned subsidiary 100% controlled by the actual controller Cao Yuhua; Xie Sixuan is Cao Yuhua's spouse; Cao Yi is Cao Yuhua's daughter; Cao Yuhua indirectly controls company shares through Wuxi Xinshi Investment Partnership (Limited Partnership)[162](index=162&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=41&type=section&id=IV.%20Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) The shareholdings of the company's directors, supervisors, and senior management did not change during the reporting period - The shareholdings of the company's directors, supervisors, and senior management did not change during the reporting period, with details available in the 2024 Annual Report[165](index=165&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=41&type=section&id=V.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) Neither the controlling shareholder nor the actual controller changed during the reporting period - The company's controlling shareholder did not change during the reporting period[166](index=166&type=chunk) - The company's actual controller did not change during the reporting period[166](index=166&type=chunk) [Preferred Share Information](index=42&type=section&id=VI.%20Preferred%20Share%20Information) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[167](index=167&type=chunk) [Bond Information](index=43&type=section&id=Item%207.%20Bond%20Information) This section provides details regarding the company's bond-related activities [Bond Information](index=43&type=section&id=Bond%20Information) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[169](index=169&type=chunk) [Financial Report](index=44&type=section&id=Item%208.%20Financial%20Report) This section presents the company's comprehensive financial statements and related disclosures [Audit Report](index=44&type=section&id=I.%20Audit%20Report) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[171](index=171&type=chunk) [Financial Statements](index=44&type=section&id=II.%20Financial%20Statements) This section includes consolidated and parent company balance sheets, income statements, cash flow, and equity changes - Financial statements include consolidated balance sheet, parent company balance sheet, consolidated income statement, parent company income statement, consolidated cash flow statement, parent company cash flow statement, consolidated statement of changes in owners' equity, and parent company statement of changes in owners' equity[172](index=172&type=chunk) [1. Consolidated Balance Sheet](index=44&type=section&id=1.%20Consolidated%20Balance%20Sheet) Presents the company's consolidated assets, liabilities, and owners' equity at period-end and period-beginning - The consolidated balance sheet presents the company's consolidated assets, liabilities, and owners' equity at period-end and period-beginning[172](index=172&type=chunk)[173](index=173&type=chunk)[174](index=174&type=chunk)[175](index=175&type=chunk) [2. Parent Company Balance Sheet](index=46&type=section&id=2.%20Parent%20Company%20Balance%20Sheet) Presents the parent company's assets, liabilities, and owners' equity at period-end and period-beginning - The parent company balance sheet presents the parent company's assets, liabilities, and owners' equity at period-end and period-beginning[176](index=176&type=chunk)[177](index=177&type=chunk)[178](index=178&type=chunk)[179](index=179&type=chunk) [3. Consolidated Income Statement](index=48&type=section&id=3.%20Consolidated%20Income%20Statement) Presents the company's consolidated operating results, including revenue, costs, and net profit - The consolidated income statement presents the company's consolidated total operating revenue, total operating costs, total profit, net profit, and other operating results for the current and prior periods[180](index=180&type=chunk)[181](index=181&type=chunk)[182](index=182&type=chunk)[183](index=183&type=chunk) [4. Parent Company Income Statement](index=50&type=section&id=4.%20Parent%20Company%20Income%20Statement) Presents the parent company's operating results, including revenue, costs, and net profit - The parent company income statement presents the parent company's operating revenue, operating costs, total profit, net profit, and other operating results for the current and prior periods[184](index=184&type=chunk)[185](index=185&type=chunk)[186](index=186&type=chunk)[187](index=187&type=chunk) [5. Consolidated Cash Flow Statement](index=52&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) Presents the company's net cash flows from operating, investing, and financing activities - The consolidated cash flow statement presents the company's net cash flows from operating, investing, and financing activities for the current and prior periods[188](index=188&type=chunk)[189](index=189&type=chunk) [6. Parent Company Cash Flow Statement](index=53&type=section&id=6.%20Parent%20Company%20Cash%20Flow%20Statement) Presents the parent company's net cash flows from operating, investing, and financing activities - The parent company cash flow statement presents the parent company's net cash flows from operating, investing, and financing activities for the current and prior periods[190](index=190&type=chunk)[191](index=191&type=chunk) [7. Consolidated Statement of Changes in Owners' Equity](index=55&type=section&id=7.%20Consolidated%20Statement%20of%20Changes%20in%20Owners'%20Equity) Presents the changes in the company's consolidated owners' equity for the current and prior periods - The consolidated statement of changes in owners' equity presents the changes in the company's consolidated owners' equity for the current and prior periods[192](index=192&type=chunk)[193](index=193&type=chunk)[194](index=194&type=chunk)[195](index=195&type=chunk)[196](index=196&type=chunk)[197](index=197&type=chunk)[198](index=198&type=chunk)[199](index=199&type=chunk)[200](index=200&type=chunk)[201](index=201&type=chunk) [8. Parent Company Statement of Changes in Owners' Equity](index=60&type=section&id=8.%20Parent%20Company%20Statement%20of%20Changes%20in%20Owners'%20Equity) Presents the changes in the parent company's owners' equity for the current and prior periods - The parent company statement of changes in owners' equity presents the changes in the parent company's owners' equity for the current and prior periods[202](index=202&type=chunk)[203](index=203&type=chunk)[204](index=204&type=chunk)[205](index=205&type=chunk)[206](index=206&type=chunk) [Company Basic Information](index=64&type=section&id=III.%20Company%20Basic%20Information) Details the company's listing, capital changes, industry, and main business scope - The company was listed on the Shenzhen Stock Exchange on January 11, 2017, with an initial public offering of **50 million** RMB ordinary shares (A shares)[210](index=210&type=chunk) - The company's registered capital increased to **RMB 500,543,865.00** through convertible corporate bond conversion, capital reserve to share capital conversion, and equity incentive capital increase[211](index=211&type=chunk)[212](index=212&type=chunk)[213](index=213&type=chunk)[215](index=215&type=chunk) - The company belongs to the automotive manufacturing industry, with main products including automotive components, communication product components, pneumatic tools, refrigeration compressor components, intelligent equipment, and tooling[216](index=216&type=chunk) - This financial report was approved for issuance by the company's sixteenth meeting of the fourth board of directors on August 15, 2025[217](index=217&type=chunk) [Basis of Financial Statement Preparation](index=65&type=section&id=IV.%20Basis%20of%20Financial%20Statement%20Preparation) Financial statements are prepared on a going concern basis, adhering to accounting standards and historical cost - The company's financial statements are prepared on a going concern basis, in accordance with the "Enterprise Accounting Standards" and relevant regulations[218](index=218&type=chunk) - Accounting is based on the accrual basis, and except for certain financial instruments, all measurements are based on historical cost[218](index=218&type=chunk) - The company comprehensively evaluates currently available information and finds no factors significantly affecting its ability to continue as a going concern within 12 months from the end of the reporting period[219](index=219&type=chunk) [Significant Accounting Policies and Estimates](index=66&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) Detailed policies and estimates for various financial items ensure transparent and accurate reporting - The financial statements prepared by the company comply with the requirements of enterprise accounting standards, truthfully and completely reflecting the company's financial position, operating results, changes in shareholders' equity, and cash flows[221](index=221&type=chunk) - The company's accounting period is divided into annual and interim periods, with the fiscal year running from January 1 to December 31; the operating cycle is 12 months, and the functional currency is RMB[222](index=222&type=chunk)[223](index=223&type=chunk)[224](index=224&type=chunk) - The company classifies and measures financial instruments, including those measured at amortized cost, at fair value through other comprehensive income, and at fair value through profit or loss[240](index=240&type=chunk)[241](index=241&type=chunk)[242](index=242&type=chunk) - The company provides for bad debts on notes receivable, accounts receivable, and other receivables according to the expected credit loss model[247](index=247&type=chunk)[249](index=249&type=chunk)[251](index=251&type=chunk) - The company's revenue recognition principle is to identify each distinct performance obligation in a contract, determine whether it is satisfied over time or at a point in time, and measure revenue based on the transaction price allocated to each performance obligation[309](index=309&type=chunk)[312](index=312&type=chunk) - The company classifies government grants as asset-related or income-related and recognizes and measures them based on their nature and purpose[314](index=314&type=chunk)[315](index=315&type=chunk)[319](index=319&type=chunk)[320](index=320&type=chunk) [Taxation](index=87&type=section&id=VI.%20Taxation) The company's tax structure includes VAT, corporate income tax (with high-tech and small/micro enterprise incentives), and other local taxes Major Taxes and Tax Rates | Tax Type | Tax Base | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Revenue from sales of goods, provision of services | 13% | | Urban Maintenance and Construction Tax | Amount of turnover tax payable | 7% | | Corporate Income Tax | Taxable income | 15%, 17%, 20%, 25% | | Education Surcharge | Amount of turnover tax payable | 5% | | Property Tax | Self-occupied property based on residual value | 1.2% | | Land Use Tax | Land area | 3 RMB/sqm | - As a high-tech enterprise, the company enjoys a **15%** corporate income tax preferential rate from 2023-2025[333](index=333&type=chunk) - Subsidiaries Suzhou Herbes, Yitong Lightweight, and Shanghai Yishen qualify as small and micro enterprises, calculating taxable income at **25%** and paying corporate income tax at a **20%** rate[334](index=334&type=chunk) [Notes to Consolidated Financial Statement Items](index=88&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) Detailed explanations are provided for all major consolidated financial statement items - Monetary funds at period-end amounted to **RMB 186,955,369.77**, of which **RMB 5,527,741.00** was deposited overseas[336](index=336&type=chunk) - Trading financial assets at period-end amounted to **RMB 656,491,700.30**, primarily wealth management products[338](index=338&type=chunk) - Accounts receivable at period-end amounted to **RMB 498,871,343.81**, with a bad debt provision of **RMB 31,242,226.55** based on aging and credit risk portfolio[353](index=353&type=chunk)[355](index=355&type=chunk) - Operating revenue for the current period was **RMB 716,406,006.74**, and operating cost was **RMB 467,716,502.36**, with automotive components accounting for the highest proportion of revenue[489](index=489&type=chunk) - Net cash flow from operating activities was **RMB 45,213,774.23**, a year-on-year decrease of **79.33%**, primarily due to changes in bill payment methods and increased tax payments[521](index=521&type=chunk) - Net cash flow from investing activities was **RMB 24,615,862.40**, a year-on-year increase of **125.63%**, primarily due to increased redemption of wealth management products[521](index=521&type=chunk) - Net cash flow from financing activities was **RMB -70,076,141.10**, a year-on-year decrease of **3.19%**[521](index=521&type=chunk) [R&D Expenses](index=122&type=section&id=VIII.%20R%26D%20Expenses) Total R&D investment increased by **13.98%**, primarily in personnel, materials, and depreciation, all expe

Core Viewpoint - The article discusses the administrative penalty imposed on Wuxi Best Precision Machinery Co., Ltd. for violating customs regulations, specifically related to false declarations in import customs declarations [1][3]. Group 1: Company Information - Wuxi Best Precision Machinery Co., Ltd. is a high-tech enterprise in Jiangsu Province, established in May 1997. The company specializes in the research, production, and sales of various precision components and tooling fixtures [12]. - The main products of the company include precision shaft components, turbine compressor impellers, and intermediate shells for turbochargers, supplying Wuxi Shibo Turbocharger Co., Ltd. [12]. - The company was listed on the Shenzhen Stock Exchange in 2017 under the stock code Best (300580) [14]. Group 2: Regulatory Actions - The customs authority issued an administrative penalty of RMB 10,000 for the false declaration of goods in 16 customs declarations made between May 5, 2023, and March 26, 2025 [3][8]. - The company declared a total of 1,201,246 items of goods, with discrepancies in the declared product codes and tax amounts, leading to a tax liability of RMB 737,506.83, of which RMB 68,591.25 was due [3][5]. - The customs authority found that the company admitted to the violations and accepted the penalties, while no penalties were imposed for other declarations made between July 5, 2022, and March 21, 2023 [7][9].