Group 1 - Bertli's stock price increased by 2.03% on September 23, reaching 52.24 CNY per share, with a trading volume of 326 million CNY and a turnover rate of 1.04%, resulting in a total market capitalization of 31.684 billion CNY [1] - Year-to-date, Bertli's stock price has risen by 18.08%, with a 2.43% increase over the last five trading days, a 3.44% decrease over the last 20 days, and a 3.12% increase over the last 60 days [1] - Bertli's main business involves the research, development, production, and sales of automotive brake system-related products, with revenue composition: intelligent electronic control products 45.59%, mechanical brake products 44.77%, mechanical steering products 5.63%, and others 2.92% [1] Group 2 - As of September 10, Bertli had 40,000 shareholders, an increase of 65.24% from the previous period, with an average of 15,162 circulating shares per person, a decrease of 39.46% [2] - For the first half of 2025, Bertli achieved operating revenue of 5.164 billion CNY, a year-on-year increase of 30.04%, and a net profit attributable to shareholders of 522 million CNY, a year-on-year increase of 14.19% [2] - Since its A-share listing, Bertli has distributed a total of 664 million CNY in dividends, with 499 million CNY distributed over the past three years [3]

Core Viewpoint - Bertli's stock price has shown fluctuations with a recent decline, while the company has reported significant revenue and profit growth in the first half of 2025 [1][2]. Group 1: Stock Performance - On September 19, Bertli's stock price decreased by 2.00%, closing at 51.82 CNY per share, with a trading volume of 4.57 billion CNY and a turnover rate of 1.44%, resulting in a total market capitalization of 314.29 billion CNY [1]. - Year-to-date, Bertli's stock price has increased by 17.13%, with a 9.30% rise over the last five trading days, a 3.39% decline over the last 20 days, and a 0.93% increase over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a stock trading list) once this year, with the last appearance on February 6 [1]. Group 2: Financial Performance - For the period from January to June 2025, Bertli achieved a revenue of 5.164 billion CNY, representing a year-on-year growth of 30.04%, and a net profit attributable to shareholders of 522 million CNY, reflecting a 14.19% increase [2]. - Since its A-share listing, Bertli has distributed a total of 664 million CNY in dividends, with 499 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 10, Bertli had 40,000 shareholders, an increase of 65.24% from the previous period, with an average of 15,162 circulating shares per shareholder, a decrease of 39.46% [2]. - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the third-largest shareholder with 38.4732 million shares, a decrease of 2.7464 million shares from the previous period [3].

Core Viewpoint - Bertli's stock price has shown fluctuations with a year-to-date increase of 20.75%, while recent trading activity indicates a net outflow of funds [1][2] Financial Performance - For the first half of 2025, Bertli achieved a revenue of 5.164 billion yuan, representing a year-on-year growth of 30.04%, and a net profit attributable to shareholders of 522 million yuan, up 14.19% [2] - Cumulative cash dividends since the A-share listing amount to 664 million yuan, with 499 million yuan distributed over the past three years [3] Shareholder Information - As of September 10, 2025, the number of shareholders increased to 40,000, a rise of 65.24%, while the average circulating shares per person decreased by 39.46% to 15,162 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder, holding 38.4732 million shares, a decrease of 2.7464 million shares from the previous period [3]

9月16日，伯特利涨5.12%，截至发稿，报50.73元/股，成交11.09亿元，换手率3.67%，总市值307.68亿 元。 资料显示，芜湖伯特利汽车安全系统股份有限公司位于中国(安徽)自由贸易试验区芜湖片区泰山路19 号，成立日期2004年6月25日，上市日期2018年4月27日，公司主营业务涉及汽车制动系统相关产品的研 发、生产和销售。主营业务收入构成为：智能电控产品45.59%，机械制动产品44.77%，机械转向产品 5.63%，其他(补充)2.92%，其他产品1.09%。 从基金十大重仓股角度 数据显示，农银汇理基金旗下1只基金重仓伯特利。农银新能源混合A（002190）二季度持有股数336.19 万股，与上期相比持股数量不变，占基金净值比例为2.31%，位居第八大重仓股。根据测算，今日浮盈 赚取约830.38万元。 农银新能源混合A（002190）成立日期2016年3月29日，最新规模76.16亿。今年以来收益22.24%，同类 排名3863/8174；近一年收益43.07%，同类排名3854/7982；成立以来收益172.93%。 农银新能源混合A（002190）基金经理为左腾飞、邢军亮。 邢军 ...

截至发稿，左腾飞累计任职时间1年223天，现任基金资产总规模76.67亿元，任职期间最佳基金回报 38.04%， 任职期间最差基金回报37.16%。 邢军亮累计任职时间4年64天，现任基金资产总规模82.54亿元，任职期间最佳基金回报44.58%， 任职 期间最差基金回报-41.83%。 数据显示，农银汇理基金旗下1只基金重仓伯特利。农银新能源混合A（002190）二季度持有股数336.19 万股，与上期相比持股数量不变，占基金净值比例为2.31%，位居第八大重仓股。根据测算，今日浮盈 赚取约833.75万元。 农银新能源混合A（002190）成立日期2016年3月29日，最新规模76.16亿。今年以来收益19.86%，同类 排名4235/8246；近一年收益38.22%，同类排名4364/8054；成立以来收益167.63%。 农银新能源混合A（002190）基金经理为左腾飞、邢军亮。 9月15日，伯特利涨5.23%，截至发稿，报49.89元/股，成交5.88亿元，换手率1.96%，总市值302.59亿 元。 资料显示，芜湖伯特利汽车安全系统股份有限公司位于中国(安徽)自由贸易试验区芜湖片区泰山路19 号， ...

Core Viewpoint - Bertli's stock has shown fluctuations with a recent increase of 2.05%, while the company has experienced a year-to-date stock price increase of 8.23% and a significant rise in revenue and profit for the first half of 2025 [1][2]. Financial Performance - As of June 30, 2025, Bertli achieved a revenue of 5.164 billion yuan, representing a year-on-year growth of 30.04%, and a net profit attributable to shareholders of 522 million yuan, reflecting a growth of 14.19% [2]. - Cumulative cash dividends since the A-share listing amount to 664 million yuan, with 499 million yuan distributed over the past three years [3]. Shareholder Structure - The number of shareholders increased to 24,200, a rise of 48.94%, while the average circulating shares per person decreased by 32.86% to 25,046 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder, holding 38.4732 million shares, a decrease of 2.7464 million shares from the previous period [3]. Stock Market Activity - Bertli's stock price reached 47.88 yuan per share with a trading volume of 438 million yuan and a turnover rate of 1.53% [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the last occurrence on February 6 [1]. Business Overview - Bertli, established on June 25, 2004, and listed on April 27, 2018, specializes in the research, development, production, and sales of automotive brake systems [1]. - The company's main business revenue composition includes intelligent electronic control products (45.59%), mechanical brake products (44.77%), mechanical steering products (5.63%), and other products [1]. Industry Classification - Bertli is classified under the automotive industry, specifically in the automotive parts sector focusing on chassis and engine systems [1]. - The company is associated with several concept sectors, including mid-cap, venture capital, BYD concept, margin financing, and automotive parts [1].

伯特利今年以来股价涨24.75%，近5个交易日涨4.59%，近20日涨13.68%，近60日涨1.34%。 今年以来伯特利已经1次登上龙虎榜，最近一次登上龙虎榜为2月6日。 资料显示，芜湖伯特利汽车安全系统股份有限公司位于中国(安徽)自由贸易试验区芜湖片区泰山路19 号，成立日期2004年6月25日，上市日期2018年4月27日，公司主营业务涉及汽车制动系统相关产品的研 发、生产和销售。主营业务收入构成为：智能电控产品45.59%，机械制动产品44.77%，机械转向产品 5.63%，其他(补充)2.92%，其他产品1.09%。 伯特利所属申万行业为：汽车-汽车零部件-底盘与发动机系统。所属概念板块包括：线控底盘、价值成 长、华为汽车、智能汽车、汽车零部件等。 8月27日，伯特利盘中上涨2.01%，截至10:09，报55.19元/股，成交1.85亿元，换手率0.56%，总市值 334.73亿元。 截至3月31日，伯特利股东户数1.63万，较上期减少22.17%；人均流通股37303股，较上期增加28.70%。 2025年1月-3月，伯特利实现营业收入26.38亿元，同比增长41.83%；归母净利润2.70亿元， ...

Investment Rating - The report maintains a "Recommended" rating for the company [2][8]. Core Insights - The company has achieved significant growth in its intelligent electronic control business, with a notable increase in revenue and net profit for 2024, driven by core customers' production increases [5][6]. - The integration of chassis systems has shown remarkable progress, with new products and production capacity expected to contribute to a second growth curve for the company [2][5]. - The company has successfully expanded its customer base, adding eight new clients in 2024, which strengthens its growth potential [5][6]. Financial Performance Summary - In 2024, the company reported total revenue of 9.937 billion yuan, a year-on-year increase of 32.95%, and a net profit attributable to shareholders of 1.209 billion yuan, up 35.60% [5][7]. - The revenue breakdown for 2024 shows mechanical braking, intelligent electronic control, and mechanical steering products generating revenues of 4.449 billion yuan, 4.530 billion yuan, and 0.559 billion yuan, respectively [5]. - The company’s gross margin for 2024 was 21.14%, with a slight decrease attributed to the ramp-up of lightweight product capacity [5][10]. Future Projections - The company is projected to achieve revenues of 13.072 billion yuan, 16.581 billion yuan, and 20.350 billion yuan for 2025, 2026, and 2027, respectively [7][8]. - The expected net profit for the same years is 1.540 billion yuan, 1.957 billion yuan, and 2.451 billion yuan, with corresponding EPS of 2.54 yuan, 3.23 yuan, and 4.04 yuan [8][10]. - The report anticipates a gradual decline in revenue growth rates, projecting 31.56% for 2025, 26.84% for 2026, and 22.73% for 2027 [7][10].