Core Viewpoint - Shuanglin Co., Ltd. announced that as of the date of the announcement, the total amount of guarantees provided by the company is RMB 77,013.95 million, which accounts for 29.14% of the company's audited net assets for the fiscal year 2024 [1] Summary by Categories - **Guarantee Amount**: The cumulative guarantee amount is RMB 77,013.95 million, including the current guarantee [1] - **Net Asset Impact**: The guarantees represent 29.14% of the company's audited net assets for 2024 [1] - **Legal and Financial Status**: The company has no guarantees provided to entities outside the consolidated financial statements, and there are no overdue guarantees or guarantees involved in litigation [1]

证券代码：300100 证券简称：双林股份 公告编号：2026-002 双林股份有限公司 关于为全资子公司担保的进展公告 | | | 双林股份有限公司（以下简称"公司"）分别于 2025 年 4 月 15 日、2025 年 5 月 6 日召开的第七届董事会第十次会议、2024 年度股东大会审议通过了《关 于为全资子公司提供担保的议案》，同意为湖北新火炬科技有限公司（已更名为 "湖北双林轴承有限公司"，以下简称"湖北双林轴承"）、宁波双林模具有限 公司等在内的公司下属全资子公司 2025 年度经营所需，提供不超过 92,150 万元 的连带责任担保、抵押或质押担保。同时授权公司董事长或董事长指定的授权代 理人在担保额度内办理相关业务，代表公司办理相关手续、签署相关法律文件。 有效期限自 2024 年度股东大会通过后一年。具体内容详见公司于 2025 年 4 月 16 日在巨潮资讯网刊登的《关于为全资子公司提供担保的公告》。 近日，公司与上海浦东发展银行股份有限公司襄阳分行（以下简称"浦发襄 阳分行"）续签了《最高额保证合同》，约定公司为湖北双林轴承向浦发襄阳分 行申请的授信业务提供最高不超过 10,000 万元 ...

双林股份（300100.SZ）1月30日在投资者互动平台表示，公司是一家从事汽车部件和机器人零部件的研 发、制造与销售业务的专业智造企业。公司从2024年5月份开始利用水平座椅丝杠与轮毂轴承制造的技 术同源性，切入到人形机器人的滚柱丝杠与滚珠丝杠的研发、设计与工艺制造，目前公司人形机器人业 务主要产品包括人形机器人用丝杠、关节模组、丝杠磨床设备等。公司已经成功开发出人形机器人用线 性关节模组中反向式行星滚柱丝杠产品，同时具备人形机器人用线性关节模组、旋转关节模组、灵巧手 及手指推杆模组等总成的全流程产品开发能力，涵盖设计、仿真、制造及试验验证等环节。产品性能达 到国内领先、国际先进水平，其核心零部件（反向式行星滚柱丝杠、无框力矩电机、电机驱动器）均为 自主研发。公司上述部分产品已获得营收，但还未取得批量定点，对公司的业绩影响不大，请投资者注 意风险。 每经AI快讯，有投资者在投资者互动平台提问：贵公司到底和人形机器人有什么关系？ （文章来源：每日经济新闻） ...

Core Viewpoint - The company, Shuanglin Co., Ltd. (300100.SZ), is a specialized intelligent manufacturing enterprise engaged in the research, development, manufacturing, and sales of automotive and robotic components, with plans to expand into humanoid robot components starting May 2024 [1] Group 1: Company Overview - Shuanglin Co., Ltd. focuses on the R&D, manufacturing, and sales of automotive parts and robotic components [1] - The company is set to leverage the technological synergies between horizontal seat screw and hub bearings to enter the humanoid robot market [1] Group 2: Humanoid Robot Business - The main products in the humanoid robot segment include screws, joint modules, and screw grinding equipment [1] - The company has successfully developed a reverse planetary roller screw product for linear joint modules in humanoid robots [1] - Shuanglin possesses full-process product development capabilities for humanoid robot components, covering design, simulation, manufacturing, and testing [1] Group 3: Product Performance - The performance of the products has reached a leading level domestically and is advanced internationally [1] - Core components such as the reverse planetary roller screw, frameless torque motor, and motor driver are all independently developed by the company [1]

这种分化不仅体现在出货量上，更关键的是谁能完成从实际部署到迭代改进的闭环——包括模型优化、任务能力提升和成本控制。尽管单位出货量快速增 长，但机器人操作能力的改进速度仍然缓慢，受限于模型、数据和算力。 摩根士丹利警告，中国人形机器人行业已从PPT演示阶段进入真刀真枪的量产竞争期。 据追风交易台信息，摩根士丹利调研团队于1月26-28日密集走访了多家整机厂商（傅利叶、开普勒、MagicBot）和核心零部件供应商（绿的谐波、恒立液 压、双林股份、振宇协能、福莱特、卧龙电驱、思灵科技），分析师观察到一个关键变化：领先者与落后者之间的差距正在迅速扩大，首轮行业洗牌即将到 来。 大摩分析师认为，具备技术实力和量产能力的核心零部件供应商将在这轮产业化浪潮中占据主导地位。随着2026年行业出货量实现数倍增长，具备先发优势 的供应商将获得显著的市场份额和定价权。 2026年出货量将实现数倍跃升 大摩调研显示，所有整机厂商都对2026年出货量持乐观预期。一家领先的国内整机厂商2025年出货量已超过5000台，2026年预计将实现数倍增长。其他厂商 的具体目标包括：傅利叶目标2000台（2025年为400-500台）；Magic ...

Core Insights - Morgan Stanley warns that the humanoid robot industry in China has transitioned from the PPT presentation stage to a competitive mass production phase [1] - The gap between industry leaders and laggards is rapidly widening, indicating an impending first round of industry reshuffling [1] Group 1: Market Outlook - All surveyed manufacturers are optimistic about shipment volumes for 2026, with one leading domestic manufacturer expecting over 5,000 units in 2025 and several times that in 2026 [2] - Specific targets include: Fourier aiming for 2,000 units (up from 400-500 in 2025), MagicBot over 1,000 units, and Kepler 300 units (up from 70-80 in 2025) [2] - Component suppliers like Hengli Hydraulic and Slin Technology are preparing capacity based on North American manufacturers' production plans, aiming for 1,000 units per week by July 2026, increasing to 2,500 units by year-end [2] Group 2: Differentiation in Capabilities - A decisive difference in task capabilities and execution efficiency has emerged among manufacturers, with the industry expected to move beyond video demonstrations by 2025 [3] - The ability to complete the feedback loop from deployment to iterative improvement is critical, including model optimization and cost control [3] - Lagging startups may struggle to catch up during the industry's acceleration phase, with a first round of reshuffling likely to occur soon [3] Group 3: Component Supplier Dynamics - The market for component suppliers shows a clear advantage for leaders with stronger technical capabilities and mass production abilities [4] - Suppliers are shifting from single component competition to module-level product offerings, which helps clients reduce integration complexity and improve quality control [4] - Overseas expansion is becoming a key focus, with leading domestic manufacturers only contributing a single-digit percentage to overseas sales last year [4] Group 4: Application Scenarios - Manufacturers are exploring repeatable and scalable application cases across various sectors, including industrial, retail, medical, and logistics [5] - A gradual development trajectory is anticipated, driven by human-machine collaboration rather than rapid universal breakthroughs [5] - Leading manufacturers expect one-third of 2026 shipments to come from entertainment/commercial services, another third from industrial/data collection, and the remainder from R&D [5]

Group 1 - The company, Shuanglin Co., announced on January 28 that its director and vice president, Chen Youfu, plans to reduce his shareholding by a maximum of 120,330 shares, which represents 0.02% of the company's total share capital [2] - The reduction plan is set to take place within three months following the announcement, starting 15 trading days after the pre-disclosure [2] - As of the date of the announcement, Chen Youfu has completed his share reduction plan [2]

证券日报网讯 1月28日，双林股份在互动平台回答投资者提问时表示，公司是股权结构多元的民营上市 公司，始终致力于建立并不断完善现代化的企业治理结构，以确保公司的专业化、规范化和可持续发 展。公司严格遵循《公司法》《证券法》及上市公司治理准则等法律法规，建立了以股东会、董事会和 经营管理层为核心的治理架构，有效保障所有股东的合法权益，确保公司重大决策的科学性与透明度。 同时，公司高度重视员工关怀与团队建设，通过建立完善的职业发展体系、有竞争力的薪酬激励及丰富 的员工关怀计划，持续增强团队凝聚力与归属感，不断提升核心竞争力。 （文章来源：证券日报） ...

证券代码：300100 证券简称：双林股份 公告编号：2026-001 双林股份有限公司 关于董事、高管减持完成的公告 双林股份有限公司（以下简称"公司"）于2025年12月31日在巨潮资讯网刊 登了《关于董事、高管减持股份的预披露公告》。公司董事、副总经理陈有甫先 生计划自减持预披露公告之日起15个交易日后的3个月内以集中竞价方式减持公 司股份不超过120,330股(占公司总股本0.02%)。 近日，公司收到董事、副总经理陈有甫先生的《关于股份减持计划实施完成 的告知函》。截止本公告披露日，陈有甫先生的减持计划已实施完毕，具体内容 如下： 一、股东减持情况 | 股东名称 | 减持方式 | 减持期间 | 减持均价（元） | 减持数量（股） | 占总股本比例 | | --- | --- | --- | --- | --- | --- | | 陈有甫 | 集中竞价 | 2026/1/28 | 37.08 | 120,200 | 0.02% | | 股东名称 | | 股份性质 | | 本次转让前持有股份 | | 本次转让后持有股份 | | --- | --- | --- | --- | --- | --- | -- ...

证 券 研 究 报 告 行业周报 人形机器人+航空航天双轮驱动，旋转变压器迎广阔新兴市场 汽车行业周报 投资评级： （ ） 报告日期： 推荐 维持 2026年01月26日 ◼ 分析师：林子健 ◼ SAC编号：S1050523090001 投 资 要 点 ▌人形机器人+航空航天双轮驱动，旋转变压器迎来广阔新兴市场 依托极强的抗冲击抗振特性，旋转变压器有望适配人形机器人关节。旋变采用无接触式电磁感应原理，无 磨损部件仅轴承存在微量损耗，实现近乎无限的使用寿命，无需频繁维护更换，完美契合人形机器人对关 节部件高可靠性、长耐久性、抗复杂工况的严苛要求。人形机器人旋变市场规模有望远超传统旋变市场空 间。我们认为出于人形机器人的抗冲击性要求和寿命要求，人形机器人将会应用旋转变压器用来替代编码 器。我们预测到2030年人形机器人旋变市场规模有望达到61.5亿元，到2035年有望达到471.0亿元市场 规模，2026-2035年CAGR为85.9%。 卫星发射数量快速上升，带动航天领域旋变市场放量。从发射计划数据看，SpaceX将在2033年完成4.2万 颗发射，国网星座将在2035年前发射1.3万颗，千帆星座将在2030年 ...