二、股东股份累计质押情况 本次股份解除质押后，公司股东李瑜先生及其一致行动人李绍光先生均不存 在质押公司股份情况。 特此公告。 证券代码：002472 证券简称：双环传动 公告编号：2025-009 浙江双环传动机械股份有限公司 关于股东股份解除质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 浙江双环传动机械股份有限公司（以下简称"公司"）于近日接到公司股东 李瑜先生的通知，获悉其将所持有本公司的部分股份办理解除质押业务，具体事 项如下： 一、股东股份解除质押情况 股东 名称 是否为控股股东 或第一大股东及 其一致行动人 本次解除质 押数量（股） 占其所持 股份比例 占公司总 股本比例 质押起始日 质押解除日 质权人 李瑜 否 2,560,000 39.49% 0.30% 2024.6.25 2025.3.6 国信证券 股份有限 公司 浙江双环传动机械股份有限公司董事会 2025 年 3 月 10 日 ...

证券代码：002472 证券简称：双环传动 公告编号：2025-008 浙江双环传动机械股份有限公司 关于公司为全资子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 浙江双环传动机械股份有限公司（以下简称"公司"）于 2024 年 4 月 10 日召开的第六届董事会第三十三次会议和 2024 年 5 月 8 日召开的 2023 年年度股 东大会，审议通过了《关于 2024 年度公司及子公司提供融资担保的议案》。2024 年度，根据整体生产经营计划和资金需求情况，公司合并报表范围内的部分公司 拟向金融机构、融资租赁公司进行融资，为确保生产经营持续、健康 发展，公 司拟为部分全资子公司、控股子公司提供不超过 367,500.00 万元额度的融资担 保；控股子公司拟为其下属全资子公司提供不超过 20,000.00 万元额度融资担保， 实际担保金额以最终签订的担保合同为准。 上述担保额度的有效期自2023年年度股东大会审议通过之日起至2024年年 度股东大会召开之日止。以上事项具体内容详见公司于 2024 年 4 月 12 日 ...

证券代码：002472 证券简称：双环传动 公告编号：2025-007 浙江双环传动机械股份有限公司 关于公司2020年员工持股计划出售完毕的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江双环传动机械股份有限公司（以下简称"公司"）2020 年员工持股计 划所持有的公司股份已全部出售完毕，根据《关于上市公司实施员工持股计划试 点的指导意见》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公 司规范运作》及《公司 2020 年员工持股计划（草案）》的相关规定，现将相关 情况公告如下： 一、本次员工持股计划基本情况 4、2024 年 3 月 25 日经公司员工持股计划 2024 年第一次持有人会议审议， 并经出席持有人会议的持有人所持 2/3 以上份额同意，通过了《关于公司 2020 年员工持股计划存续期展期的议案》，同意将公司 2020 年员工持股计划存续期 展期 12 个月，即存续期展期至 2025 年 5 月 2 日。该事项已经公司 2024 年 3 月 29 日召开的第六届董事会第三十二次会议审议通过。 以上事项具体内容，详见公司于 ...

关于控股子公司通过高新技术企业认定的公告 | 企业名称 | 证书编号 | 发证时间 | | | | | 有效期 | | --- | --- | --- | --- | --- | --- | --- | --- | | 双环传动（重庆）精密科技 | | | | | | | | | | GR202451102178 | 2024 10 | 年 | 月 | 28 | 日 | 三年 | | 有限责任公司 | | | | | | | | 二、对公司的影响 浙江双环传动机械股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江双环传动机械股份有限公司（以下简称"公司"）控股子公司双环传动 （重庆）精密科技有限责任公司（以下简称"重庆双环"）于近日收到重庆市科 学技术局、重庆市财政局、国家税务总局重庆市税务局联合批准并颁发的《高新 技术企业证书》，具体情况如下： 一、证书相关情况 证券代码：002472 证券简称：双环传动 公告编号：2025-006 重庆双环 2024 年度已根据相关规定暂按 15%的税率计征企业所得税，本次 通过高新技术企业认定不会对公司 ...

一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于核准浙江双环传动机械股份有限 公司非公开发行股票的批复》（证监许可〔2022〕1818 号），浙江双环传动机 械股份有限公司（以下简称"公司"）向特定对象非公开发行股票 72,705,667 股，发行价格为每股人民币 27.35 元，募集资金总额为 1,988,499,992.45 元， 扣除用于本次非公开发行股票的申报发行费用总额为 25,720,539.80 元（不含 税）后，实际募集资金净额为 1,962,779,452.65 元。2022 年 9 月 30 日，天健 会计师事务所（特殊普通合伙）就公司本次非公开发行募集资金到账事项出具了 《验资报告》（天健验〔2022〕514 号）。 证券代码：002472 证券简称：双环传动 公告编号：2025-005 浙江双环传动机械股份有限公司 关于注销部分募集资金专户的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 截至本公告披露日，上述募集资金专户注销手续已办理完成。募集资金专户 注销后，公司及子公司环研传动与募集资金存放银行、保荐机构签署的相 ...

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company is expected to achieve a net profit attributable to shareholders of 1.016 to 1.036 billion yuan in 2024, representing a year-on-year increase of 24.45% to 26.90% [1] - The fourth quarter of 2024 is projected to show a net profit of approximately 288 million yuan, reflecting a year-on-year growth of 26.9% and a quarter-on-quarter increase of 8.7% [1] - The company is expanding its production capacity for transmission gears and is making progress in its global layout, including a planned investment of up to 120 million euros for a factory in Hungary [2] - The acquisition of a company in 2022 has opened new growth avenues, with revenue from the new business segment reaching 380 million yuan in 2023 [2] - The company’s net profit forecasts for 2024-2026 are 1.022 billion, 1.310 billion, and 1.601 billion yuan, respectively, with corresponding P/E ratios of 30, 23, and 19 times [2] Financial Summary - The company’s revenue is projected to grow from 8.074 billion yuan in 2023 to 9.972 billion yuan in 2024, reflecting a year-on-year growth rate of 23.5% [3] - The net profit attributable to shareholders is expected to increase from 816 million yuan in 2023 to 1.022 billion yuan in 2024, with a growth rate of 25.2% [3] - The latest diluted EPS is forecasted to rise from 0.96 yuan in 2023 to 1.21 yuan in 2024 [3] - The company’s return on equity (ROE) is projected to improve from 10.3% in 2023 to 11.7% in 2024 [3]

Investment Rating - The investment rating for the company is upgraded to "Buy" [5][7]. Core Views - The company's performance growth is in line with expectations, driven by the dual engines of the new energy vehicle business and emerging intelligent actuator business. The company is focusing on expanding its overseas market presence to increase its share in the global new energy vehicle gear market [2]. - The demand for coaxial reducers is increasing due to the trend of enhanced electric range in both hybrid and pure electric vehicles. The company stands to benefit as a core supplier of coaxial electric drive gears [3]. - The approval of the listing of the robotics subsidiary, Huan Dong Technology, on the Sci-Tech Innovation Board is expected to enhance the brand value and resource consolidation of the company's robotics business [4]. Financial Summary - The company is projected to achieve a net profit attributable to shareholders of 10.32 billion, 13.40 billion, and 16.39 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding earnings per share of 1.22, 1.59, and 1.94 yuan [5]. - The revenue for 2024 is estimated at 94.15 billion yuan, reflecting a year-on-year growth of 16.61% [6]. - The company's return on equity (ROE) is expected to improve from 11.14% in 2024 to 13.71% in 2026 [6].

Investment Rating - The report maintains a "Recommended" rating for the company [5] Core Views - The company is experiencing steady growth in performance, with a projected net profit of 1.016 to 1.036 billion yuan for 2024, representing a year-on-year increase of 24.45% to 26.90% [1] - The company is a leader in precision drive systems and is accelerating its globalization while expanding into smart drive mechanisms and robotic joint businesses [3] Summary by Sections Performance Overview - The company forecasts a net profit of 1.016 to 1.036 billion yuan for 2024, with a year-on-year growth of 24.45% to 26.90% [1] - The fourth quarter of 2024 is expected to yield a net profit of 288 million yuan, a year-on-year increase of 26.7% and a quarter-on-quarter increase of 8.6% [1] - The wholesale sales of passenger vehicles reached 8.859 million units in 2024, up 12.4% year-on-year and 32.2% quarter-on-quarter [1] Market Expansion - The company has a 40% to 50% market share in the domestic new energy market and is actively expanding overseas, securing projects with major clients like Toyota and a well-known European luxury brand [2] - By the end of 2023, the company established a production capacity of 5 million sets of new energy drive gears and is progressing with a factory in Hungary to enhance its global presence [2] Growth Drivers - The company is leveraging its technological leadership in high-performance, low-noise precision gears to benefit from the rapid growth of the new energy vehicle sector [1] - The subsidiary, Zhejiang Huankui Technology, is expanding its customer base and product offerings in smart home and smart automotive sectors, significantly boosting its revenue and net profit [1][2] Financial Projections - Revenue projections for 2024, 2025, and 2026 are 10.32 billion, 12.45 billion, and 14.94 billion yuan respectively, with corresponding net profits of 1.026 billion, 1.289 billion, and 1.598 billion yuan [4][7] - The earnings per share (EPS) are expected to be 1.21, 1.52, and 1.89 yuan for 2024, 2025, and 2026 respectively, with price-to-earnings (PE) ratios of 27, 22, and 18 [3][4]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% in the next 6-12 months [4][12]. Core Views - The company is projected to achieve a net profit attributable to shareholders of 1.016-1.036 billion RMB for the year 2024, representing a year-on-year growth of 24.45%-26.9%, which aligns with expectations [1]. - The growth in the company's performance is primarily driven by the robust expansion of its new energy vehicle gear business and intelligent execution units, supported by international market development and increased average selling prices (ASP) [2]. - The company is expected to become a leading player in the domestic precision reducer market, particularly in the robotics sector, with plans for a separate listing of its subsidiary, which will enhance its long-term growth prospects [3]. Summary by Sections Event - The company announced its 2024 performance forecast, estimating a net profit of 1.016-1.036 billion RMB, a growth of 24.45%-26.9% year-on-year [1]. Operational Analysis - The new energy vehicle gear business has shown strong growth, contributing significantly to the company's overall performance. Key drivers include: - Expansion into international markets, increasing global project acquisition and market share [2]. - Higher ASP for new energy vehicle products compared to traditional products, with ongoing collaborations with Tier 1 suppliers and automakers [2]. - Increased market share in domestic new energy gear business [2]. - Future plans include intensified resource allocation for international market expansion, with infrastructure development in Hungary progressing ahead of schedule [2]. - The subsidiary, Zhejiang Huanqu Technology Co., has made significant strides in smart home and automotive sectors, enhancing revenue and profit contributions [2]. Profit Forecast, Valuation, and Rating - The company’s projected net profits for 2024-2026 are 1.028 billion RMB, 1.238 billion RMB, and 1.522 billion RMB, respectively, with corresponding P/E ratios of 27, 23, and 18 [4].

Financial Performance - The company expects a net profit attributable to shareholders of approximately 101.6 million CNY for 2024, representing a year-on-year increase of 24.45% compared to 81.64 million CNY in the same period last year[3] - The net profit after deducting non-recurring gains and losses is projected to be between 99.2 million CNY and 101.2 million CNY, reflecting a growth of 23.53% from 80.31 million CNY in the previous year[3] - Basic earnings per share are estimated to be between 1.19 CNY and 1.21 CNY, compared to 0.97 CNY per share in the same period last year[3] Business Strategy - The company's focus on the gear business and continuous enhancement of R&D capabilities have strengthened its core competitiveness and product platform strategy[5] - The rapid growth of the new energy vehicle gear business has significantly supported the company's steady performance growth[6] - The company plans to intensify its efforts in overseas market expansion to increase its share in the global new energy vehicle gear market[6] - The subsidiary, Zhejiang Huanqu Technology Co., Ltd., has seen significant revenue and net profit growth through its focus on smart home and smart vehicle sectors[6] Investor Guidance - The company emphasizes the importance of cautious decision-making by investors due to the preliminary nature of the financial data provided[7]