2022 年股票期权激励计划首次授予第三个行权期可行权激励对象名单 浙江双环传动机械股份有限公司 2022 年股票期权激励计划首次授予 第三个行权期可行权激励对象名单 浙江双环传动机械股份有限公司（以下简称"公司"）第七届董事会第六次 会议和第七届监事会第六次会议审议通过了《关于 2022 年股票期权激励计划首 次授予的股票期权第三个行权期行权条件成就的议案》，公司 2022 年股票期权激 励计划首次授予的股票期权第三个行权期可行权激励对象名单如下： 注：1、实际行权数量以中国证券登记结算有限责任公司深圳分公司登记为准；2、上表 中百分比按照四舍五入取值，若出现总数与各分项数值之和尾数不符的情况，为四舍五入原 因造成。 二、中层管理人员、业务骨干以及优秀员工名单 | 序号 | 姓名 | 职务 | | --- | --- | --- | | 1 | 尚*兵 | 业务骨干 | | 2 | 李*康 | 中层管理人员 | | 3 | 钟* | 业务骨干 | | 4 | 叶*东 | 业务骨干 | | 5 | 胡* | 中层管理人员 | 姓名 职务 获授的股 票期权数 量（万份） 已行权期 权数量 （万份） 本次可行 权 ...

浙江天册律师事务所 关于 浙江双环传动机械股份有限公司 2022 年股票期权激励计划 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 邮编 310007 电话：0571-87901111 传真：0571-87901500 第三个行权期行权条件成就及注销部分股票期权的 法律意见书 法律意见书 浙江天册律师事务所 关于浙江双环传动机械股份有限公司 2022 年股票期权激励计划 第三个行权期行权条件成就及注销部分股票期权的 法律意见书 编号：TCYJS2025H1074号 致：浙江双环传动机械股份有限公司 浙江天册律师事务所（以下简称"本所"）接受浙江双环传动机械股份有限 公司（以下简称"双环传动"或"公司"）的委托，就公司实施 2022 年股票期 权激励计划（以下简称"本次激励计划"）有关事宜担任专项法律顾问，并依据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》（以下简 称"《管理办法》"）等有关法律法规和规范性文件及《浙江双环传动机械股份 有限公司章程》（以下简称"《公司章程》"）的相关规定，已出具了 TCYJS ...

证券简称：双环传动 证券代码：002472 2022 年股票期权激励计划 首次授予的股票期权第三个行权期行权条件 上海荣正企业咨询服务（集团）股份有限公司 关于 浙江双环传动机械股份有限公司 成就及注销部分股票期权相关事项 之 独立财务顾问报告 二零二五年六月 | | | 一、释义 | 双 环 传 动 、 本 | 公 | 司 、 | 公 指 | 浙江双环传动机械股份有限公司 | | --- | --- | --- | --- | --- | | 司、上市公司 | | | | | | 本激励计划、股权激励计 | | | 指 | 浙江双环传动机械股份有限公司 年股票期权激励计 2022 | | 划、本计划 | | | | 划 | | 股票期权、期权 | | | 指 | 公司授予激励对象在未来一定期限内以预先确定的价格和 条件购买公司一定数量股票的权利 | | 激励对象 | | | 指 | 按照本激励计划规定，获得股票期权的在公司（含下属 分、子公司）任职的董事、高级管理人员、中层管理人 | | | | | | 员、业务骨干以及优秀员工等 | | 授予日 | | | 指 | 公司向激励对象授予股票期权的日期，授予日 ...

第七届监事会第六次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 证券代码：002472 证券简称：双环传动 公告编号：2025-039 浙江双环传动机械股份有限公司 经审核，监事会认为：根据《上市公司股权激励管理办法》、公司《2022 年 股票期权激励计划（草案）》及《2022 年股票期权激励计划实施考核管理办法》 的相关规定，公司 2022 年股票期权激励计划首次授予的股票期权第三个行权期 行权条件已成就，本次可行权的激励对象主体资格合法、有效。本次行权符合相 关法律法规的要求，审议程序合法合规，不存在损害公司及全体股东利益的情形。 因此，监事会同意公司按照相关规定及公司 2022 年第一次临时股东大会的授权 为本次可行权激励对象办理有关行权的全部事宜。 具体内容详见公司于 2025 年 7 月 1 日在巨潮资讯网（www.cninfo.com.cn） 及《证券时报》《中国证券报》《上海证券报》《证券日报》披露的《关于 2022 年股票期权激励计划首次授予的股票期权第三个行权期行权条件成就的公告》。 浙江双环传动机械股 ...

证券代码：002472 证券简称：双环传动 公告编号：2025-038 浙江双环传动机械股份有限公司 第七届董事会第六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 2、审议通过了《关于 2022 年股票期权激励计划首次授予的股票期权第三 个行权期行权条件成就的议案》 表决结果：同意 6 票，反对 0 票，弃权 0 票。 浙江双环传动机械股份有限公司（以下简称"公司"）第七届董事会第六次 会议通知于 2025 年 6 月 23 日以邮件方式送达。会议于 2025 年 6 月 30 日以通讯 方式召开。会议应出席董事 9 名，亲自出席董事 9 名。本次会议由董事长吴长鸿 先生主持，会议的召开程序符合《公司法》和《公司章程》有关规定。 二、董事会会议审议情况 1、审议通过了《关于注销 2022 年股票期权激励计划部分股票期权的议案》 表决结果：同意 6 票，反对 0 票，弃权 0 票。 公司董事 MIN ZHANG、周志强、陈海霞为本次激励计划激励对象，对本议案 回避表决。 因公司 2022 年股票期权激励计划首次授予的激励 ...

Group 1 - The core viewpoint is that the robotics industry is entering a new era of embodied intelligence, with humanoid robots at the intersection of robotics and artificial intelligence, potentially opening up a trillion-dollar market [2] - The Robot ETF (562500) has seen significant growth, with a recent increase in scale by 11.43 billion, leading the comparable funds [1] - The Robot ETF has achieved a new high in shares, reaching 16.815 billion, marking a significant milestone in the past year [1] Group 2 - Recent developments include the launch of humanoid robots by Yuejiang Technology in Japan, which are capable of high-precision tasks such as electronic component welding [1] - The Robot ETF is the only robot-themed ETF in the market with a scale exceeding 100 billion, covering various segments including humanoid robots, industrial robots, and service robots [2] - The industry is experiencing breakthroughs in application, cost, and software, indicating a pivotal moment for industrialization in the robotics sector [2]

Investment Rating - The report does not explicitly state an overall investment rating for the industry or specific companies [2]. Core Insights - The humanoid robot industry in China is experiencing significant growth, with companies like Orbbec and Rongtai expanding their market presence and revenue projections [3][4]. - The report highlights the increasing demand for components and technologies related to humanoid robots, indicating a robust supply chain development [2][3][4][5][6][7]. Company Summaries Orbbec (688322.SS) - Orbbec's humanoid robot revenue is projected to grow from Rmb4 million in 2024 to Rmb30 million in 2025, with market share in China expected to surpass that of Intel's RealSense [3][10]. - The dollar content for 3D vision technology is anticipated to increase from Rmb4,000-5,000 to Rmb8,000 as it becomes integrated into more parts of the robot [3]. Rongtai (603119.SS) - Rongtai has a ~50% market share in micro ballscrews used in humanoid robots and is expanding its operations by building a factory in Thailand to meet US customer requirements [4][10]. - The company aims to grow its core business by 20%-30% CAGR, driven by rising penetration rates in the humanoid robot supply chain [4]. Hengli (601100.SS) - Hengli plans to reduce the production cost of planetary roller screws to ~Rmb1,000 by the end of 2025 and is considering establishing a plant in Houston, TX, to secure orders from US customers [5][10]. - The company targets a +10% YoY revenue and earnings growth, primarily driven by strong demand in the excavator component business [10]. Bozhon (688097.SS) - Bozhon's subsidiary Linkhou is expected to generate Rmb400 million-500 million in revenue in 2025 by providing components and assembly services to Zhiyuan [6][10]. - The company has sold Rmb20 million-30 million worth of humanoid robot assembly equipment to a leading US humanoid robot maker since 2024 [6]. Wolong (600580.SS) - Wolong aims to become the second electric motor supplier to Zhiyuan, targeting revenue growth from Rmb15 billion in 2024 to Rmb16 billion in 2025 [7][10]. - The company plans to pursue mergers and acquisitions to fuel long-term growth, with net profit expected to rise from Rmb793 million in 2024 to Rmb1.1 billion in 2025 [7][10].

Group 1 - The core viewpoint of the news highlights a strong rebound in the consumer sector, particularly through the Consumer Leader ETF (516130), which saw a price increase of 0.81% [1] - The leading stocks in various consumer segments, such as machinery, retail, and consumer services, experienced significant gains, with Stone Technology and Chongqing Department Store both rising over 5% [1] - The People's Bank of China and six other departments issued guidelines to support and expand consumption, proposing 19 key measures to enhance consumer capacity and optimize the consumption environment [1][3] Group 2 - There is an increasing focus on consumption from higher authorities, with favorable policies emerging to boost the consumer sector, indicating a potential trend in the market [3] - The Consumer Leader ETF's underlying index has a price-to-earnings ratio of 17.26, which is at a low point compared to the past decade, suggesting a favorable long-term investment opportunity [3] - Analysts predict that consumption will be a significant driver of economic growth in 2025, with ongoing policy support expected to create new dynamics and scenarios in the consumer market [3]

证券代码：002472 证券简称：双环传动 公告编号：2025-037 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 以上担保事项在公司董事会和股东大会审议通过的担保额度范围内，无需再 次提交公司董事会或股东大会审议。 三、担保协议的主要内容 1、债权人：江苏银行股份有限公司淮安分行 2、保证人：浙江双环传动机械股份有限公司 3、债务人：江苏双环齿轮有限公司 4、担保方式：连带责任保证 5、主 合同 ：债 权人 与债务 人 之 间签 署 的编号为 SX074518001265、 SX074518001265-补、SX074518001265－补 2、SX074518001265－补 3 的《最高额 综合授信合同、最高额综合授信合同补充协议、最高额综合授信合同补充协议- 2、最高额综合授信合同补充协议-3》 及依据该合同已经和将要签署的单项授信 业务合同，及其修订或补充。 6、担保最高债权本金：人民币 25,000.00 万元 浙江双环传动机械股份有限公司（以下简称"公司 ...

Investment Rating - The report maintains a positive outlook on the automotive industry, recommending a focus on strong domestic manufacturers such as BYD, Geely, and XPeng, as well as companies involved in smart technology and state-owned enterprise reforms [3][4]. Core Insights - BYD is expected to see a significant increase in overseas sales, with exports projected to exceed 800,000 units due to strong demand for hybrid products and improved cost efficiency [4]. - Tuhu has shown a U-shaped recovery following strategic adjustments, with same-store revenue accelerating and market share increasing despite industry pressures [3][4]. - Great Wall Motors is anticipated to maintain stable profitability through new model launches and strong contributions from its Tank series and overseas markets [3][5]. - Leap Motor's sales are rapidly growing, driven by new models and cost reductions, with expectations for improved margins from localized production in Europe next year [3][5]. - Dual Ring Transmission is solidifying its market position with a focus on high-speed, high-end products and successful overseas expansion [3][6]. - Ju Yi Technology is seeing improved order quality and profitability, with expectations for its electric drive business to exceed forecasts [3][6]. - Fuda's crankshaft business is positioned well in the hybrid market, with a strong demand outlook and potential for breakeven in its electric drive gear segment [3][7]. Summary by Relevant Sections BYD - Expected to resolve account period issues without significant cash flow impact, with Q2 single-vehicle profitability remaining stable due to cost reduction and scale effects [4]. Tuhu - After strategic adjustments, Tuhu's same-store revenue is recovering, with plans to continue expanding its store network by approximately 1,000 stores annually [3][4]. Great Wall Motors - The company is focusing on new model launches to enhance its market presence, particularly in the mainstream vehicle market [3][5]. Leap Motor - The introduction of three new models is driving rapid sales growth, with cost control measures in place to maintain overall gross margins [3][5]. Dual Ring Transmission - The company is expanding its overseas market presence and solidifying its position in high-end gear products [3][6]. Ju Yi Technology - The company is experiencing improved order quality and profitability, with expectations for its electric drive business to perform better than anticipated [3][6]. Fuda - Positioned well in the hybrid market with a strong demand outlook, the company is also making progress in its robotics segment [3][7].