登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，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""双环传动"）实际控制人吴长鸿、陈菊花、陈剑峰、 蒋亦卿鉴于原签署的《一致行动协议》已到期，为保证公司控制权的持续稳定，基于对公司未来发展的 信心，上述四位股东于2025年9月9日重新续签《一致行动协议》，继续通过"一致行动"保持对公司的控 制地位。具体情况如下： 一、《一致行动协议》续签前相关情况 公司股东吴长鸿、陈菊花、陈剑峰、蒋亦卿于2022年9月15日签署《一致行动协议》，各方一致同意对 公司经营发展的重大事项采取一致意见，并对一致行动关系和有效期进行明确约定，确立对公司的共同 控制地位，协议自2022年9月9日起生效，有效期为三年。具体内容详见公司于2022年9月16日在巨潮资 讯网（www.cninfo.com.cn）上披露的相关公告。 二、本次协议签署概况 2025年9月9日，股东吴长鸿、陈菊花、陈剑峰、蒋亦卿续签了《一致行动协议》，约定继续通过一致行 动共同控制公司，续签的《一致行动协议》自2025年9 ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 关于实际控制人续签一致行动协议的提示性公告 浙江双环传动机械股份有限公司 证券代码：002472 证券简称：双环传动 公告编号：2025-056 浙江双环传动机械股份有限公司（以下简称"公司""双环传动"）实际控 制人吴长鸿、陈菊花、陈剑峰、蒋亦卿鉴于原签署的《一致行动协议》已到期， 为保证公司控制权的持续稳定，基于对公司未来发展的信心，上述四位股东于 2025 年 9 月 9 日重新续签《一致行动协议》，继续通过"一致行动"保持对公 司的控制地位。具体情况如下： 一、《一致行动协议》续签前相关情况 公司股东吴长鸿、陈菊花、陈剑峰、蒋亦卿于 2022 年 9 月 15 日签署《一致 行动协议》，各方一致同意对公司经营发展的重大事项采取一致意见，并对一致 行动关系和有效期进行明确约定，确立对公司的共同控制地位，协议自 2022 年 9 月 9 日起生效，有效期为三年。具体内容详见公司于 2022 年 9 月 16 日在巨潮 资讯网（www.cninfo.com.cn）上披露的相关公告。 二、本次协议签署概况 202 ...

格隆汇9月10日丨双环传动(002472.SZ)公布，实际控制人吴长鸿、陈菊花、陈剑峰、蒋亦卿鉴于原签署 的《一致行动协议》已到期，为保证公司控制权的持续稳定，基于对公司未来发展的信心，上述四位股 东于2025年9月9日重新续签《一致行动协议》，继续通过"一致行动"保持对公司的控制地位。 ...

Group 1 - The core viewpoint of the article highlights that the subsidiary of Shuanghuan Transmission, Huandong Technology, is deeply engaged in the precision reducer sector, specifically in RV reducers and harmonic reducers, which are essential for robots with load capacities ranging from 3 to 1000 KG [2] - Shuanghuan Transmission's subsidiary, Huandong Technology, is involved in the research, design, production, and sales of high-precision reducers for robotic joints, with RV reducers being the main product widely used in high-end manufacturing fields such as robotics and industrial automation [2] - The company plans to continue focusing on customer needs and will actively explore the high-end precision reducer market, targeting key application areas and strategic customer groups [2]

Group 1 - The company plans to provide financing guarantees for its subsidiaries, with a total guarantee amount not exceeding RMB 43.10 billion for certain wholly-owned and controlling subsidiaries [2] - The company has signed a maximum guarantee contract with Hangzhou Bank for its wholly-owned subsidiary, Zhejiang Huan Yi Technology Co., Ltd., with a maximum principal amount of RMB 22 million [3][4] - The total balance of guarantees provided by the company and its subsidiaries is RMB 166.42 million, accounting for 18.88% of the company's audited net assets as of December 31, 2024 [6][7] Group 2 - The guarantee period for each specific financing business is calculated separately, lasting three years from the due date of the debtor's performance [5] - The company does not have any overdue guarantees or guarantees involving litigation, nor does it have any guarantee amounts due to being ruled against [7]

Group 1 - The company, Shuanghuan Transmission, announced a guarantee contract with Hangzhou Bank for its wholly-owned subsidiary, Zhejiang Huanyi Technology, providing a joint liability guarantee for financing activities [2] - The maximum guaranteed principal amount is set at RMB 220 million [2] - As of the announcement date, the total guarantee balance for the company and its subsidiaries is RMB 1.664 billion, which represents 18.88% of the company's audited net assets as of December 31, 2024 [2]

证券代码：002472 证券简称：双环传动 公告编号：2025-055 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 2025 年 4 月 23 日召开的第七届董事会第三次会议和 2025 年 5 月 16 日召开的 2024 年年度股东 大会，审议通过了《关于 2025 年度公司及子公司提供融资担保的议案》。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 43.10 亿元额度的融资担保；部分控股子公司与其 下属全资子公司之间互相提供不超过 1.40 亿元额度的融资担保，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 2024 年年度股东大会审 议通过之日起至 2025 年年度股东大会召开之日止。 近日，公司与杭州银行股份有限公司杭州五常支行签订《最高额保证合同》， 为全 ...

Group 1 - A-shares experienced a strong rebound on September 5, with over 4,800 stocks closing in the green, and the Shanghai Composite Index rising by 1.24%, ending a three-day decline. The ChiNext Index surged by 6.55%, reaching its highest closing level since January 2022 [1][2] - The China Securities Robot Index (H30590) rose by 3.09%, with notable stocks such as Haimeixing increasing over 13%, and several others like Huadong CNC and Taichuan Machine Tool hitting the daily limit [2][3] - The Robot ETF Fund (159213) saw a gain of over 3%, with continuous inflows exceeding 120 million yuan over the past 20 days [1][3] Group 2 - A leading robotics company recently announced a procurement order for humanoid robots worth 250 million yuan, setting a new record for the largest single contract for humanoid robots globally [4] - Tesla's CEO Elon Musk stated that approximately 80% of the company's future value will come from the Optimus robot, as part of the company's "Macro Plan" [5] - Huatai Securities highlighted that the humanoid robot industry is in the early investment phase, with significant market recognition of its long-term potential since Tesla entered the sector in 2022 [6][7] Group 3 - The core challenges in humanoid robotics include high hardware costs, complex structures, and insufficient intelligence in the software [7] - The industry is expected to see a breakthrough in hardware costs and standardization, particularly with the upcoming release of Tesla's Optimus 3 [7] - The Robot ETF Fund (159213) tracks the China Securities Robot Index, covering the entire industry chain from upstream hardware to downstream applications [9]

Group 1: Machinery Industry - The revenue of industrial enterprises in China increased by 2.3% year-on-year from January to July 2025, with a slight decline in growth rate compared to the previous value [2] - The total profit of industrial enterprises decreased by 1.7% year-on-year, but the decline has narrowed for two consecutive months, indicating a gradual recovery in manufacturing profitability [2] - The manufacturing sector's revenue grew by 3.3% year-on-year, while profit increased by 4.8%, suggesting that domestic policies are beginning to show positive effects [2] - The demand for general equipment is expected to continue recovering as manufacturing revenue and profit are projected to grow due to ongoing domestic policy support [5] Group 2: Lithium Battery Equipment - Sales of new energy vehicles in China grew by 38.5% year-on-year to 8.22 million units from January to July 2025, with a significant increase in demand for power batteries [3] - The production of power batteries increased by 44.3% year-on-year to 133.8 GWh in July 2025, indicating a robust growth trend in the lithium battery sector [3] - Capital expenditure in the lithium battery industry rose by 36.6% year-on-year in Q2 2025, signaling the start of a new round of capital investment in the sector [3] - The demand for lithium battery equipment is expected to continue recovering as the production and sales of new energy vehicles increase globally [3] Group 3: Automotive Industry - The company reported a revenue of 4.229 billion yuan in the first half of 2025, a decrease of 2.16% year-on-year, while the main business revenue increased by 11.5% [7] - The net profit attributable to shareholders reached 577 million yuan, reflecting a year-on-year increase of 22.02% [7] - The company has established strong partnerships with global automotive giants, enhancing its market position in the gear manufacturing sector [8] - The smart actuator business has shown significant growth, with a revenue increase of 51.73% year-on-year, indicating a successful expansion strategy [9] Group 4: Chemical Industry - The price of refrigerant R32 has been rising, driven by supply constraints and increasing demand from air conditioning markets [13] - The fluorinated compounds are expected to play a significant role in data center liquid cooling systems, enhancing the valuation of fluorochemical companies [13] Group 5: Medical Services Industry - The medical services sector saw a revenue growth of 3.8% and a net profit increase of 43.0% in the first half of 2025, indicating strong performance despite challenges [17] - The company has successfully integrated AI technology into its services, which is expected to drive future growth and improve patient experience [25] - The demand for medical services remains robust, with significant growth in patient visits and a high retention rate among clients [24] Group 6: Pharmaceutical Industry - The company reported a revenue of 1.495 billion yuan in the first half of 2025, a year-on-year increase of 9.38%, with a net profit growth of 41.6% [20] - The growth in revenue is primarily driven by offline store performance, highlighting the importance of physical presence in the healthcare market [23] - The company is leveraging its core physician resources and AI capabilities to enhance operational efficiency and patient care [26]

Summary of Zhejiang Shuanghuan Driveline Co. Ltd. Conference Call Company Overview - **Company**: Zhejiang Shuanghuan Driveline Co. Ltd. - **Ticker**: 002472.SZ - **Market Cap**: Rmb31,576.7 million - **Current Share Price**: Rmb37.26 (as of August 29, 2025) - **Price Target**: Rmb43.00, indicating a 15% upside potential [6][6] Industry Insights - **Industry**: China Industrials - **Key Growth Drivers**: - Strong demand for New Energy Vehicles (NEVs) supported by new models from companies like Xiaomi, Onvo, and Xpeng [2][2] - Increased overseas visibility with monthly shipments to Stellantis ramping up to 50,000 units, annualized to 600,000 units, alongside orders from Volvo, Renault, and Hyundai [2][2] Financial Performance - **Revenue Projections**: - Intelligent actuators expected revenue: Rmb850-900 million for 2025 and Rmb1.2 billion for 2026, driven primarily by vacuum cleaners [3][3] - Revenue for 2025 estimated at Rmb9,996 million, with a growth trajectory leading to Rmb12,277 million by 2027 [6][6] - **Gross Profit Margin (GPM)**: - Current GPM for intelligent actuators at 19% in 1H25, with a target of 25% through a balanced product mix [3][3] - Management aims for a long-term GPM of approximately 30% and a net profit margin (NPM) of 15-17% [8][8] Product Development - **Coaxial Gearboxes**: Anticipated improvement in performance in the second half of 2025, with integration into platforms from Zeekr and Lynk [2][2] - **Robotic Reducers**: Contributed about 5% to 1H25 revenue with a GPM of 35%, with annualized capacity reaching 50,000 units [4][4] - **New Reducers for Humanoid Robots**: Currently in development and testing stages with key clients [8][8] Risks and Challenges - **Downside Risks**: - Slower-than-expected market share gains and weaker overseas demand [11][11] - Intensifying competition in the gear and actuator market within China [11][11] Analyst Recommendations - **Stock Rating**: Overweight, indicating a positive outlook on Shuanghuan's topline growth from NEVs and intelligent actuators, along with margin expansion [8][8] - **Valuation Methodology**: Price target derived using a 25x P/E ratio for 2025 estimates, reflecting growth visibility and potential demand expansion [9][9] Conclusion Zhejiang Shuanghuan Driveline Co. Ltd. is positioned for growth driven by NEV demand and intelligent actuator advancements, with a focus on improving margins and expanding product offerings. The company faces competitive pressures but maintains a positive outlook supported by strong revenue projections and strategic product developments.