消息面上，宇树机器人开启上市辅导，相关概念表现活跃。 截至2025年7月21日 09:46，中证汽车零部件主题指数(931230)强势上涨1.23%，成分股建设工业(002265) 上涨9.99%，双林股份(300100)上涨6.12%，贝斯特(300580)上涨4.44%，永鼎股份(600105)，银轮股份 (002126)等个股跟涨。汽车零件ETF(159306)上涨1.14%，最新价报1.16元。拉长时间看，截至2025年7月 18日，汽车零件ETF近1周累计上涨3.71%。 数据显示，截至2025年6月30日，中证汽车零部件主题指数(931230)前十大权重股分别为汇川技术 (300124)、福耀玻璃(600660)、三花智控(002050)、拓普集团(601689)、赛轮轮胎(601058)、德赛西威 (002920)、华域汽车(600741)、万丰奥威(002085)、双环传动(002472)、伯特利(603596)，前十大权重股 合计占比41.05%。 汽车零件ETF(159306)，场外联接(平安中证汽车零部件主题ETF联接A：022731；平安中证汽车零部件 主题ETF联接C：022732； ...

Core Viewpoint - Ningbo Shuanglin Automotive Parts Co., Ltd. plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength and international competitiveness [1] Group 1: Company Overview - Shuanglin Co. was established in November 2000 and specializes in the R&D, manufacturing, and sales of automotive parts, including interior and exterior components, intelligent control system parts, new energy power systems, hub bearings, and ball screws [1] - As of July 18, the company's stock closed at 45.9 yuan, with a total market capitalization of approximately 26.254 billion yuan [4] Group 2: Financial Performance - For the first half of 2025, Shuanglin Co. expects a net profit attributable to shareholders of 251 million to 310 million yuan, representing a year-on-year growth of 1% to 25% [9] - The net profit after deducting non-recurring gains and losses is projected to be between 228 million and 288 million yuan, indicating a significant year-on-year increase of 44% to 82% [9] - The growth in profit is attributed to the continuous increase in domestic new energy vehicle production and sales, which boosted the sales of the company's related products [9] Group 3: Recent Developments - On July 11, Shuanglin Co. terminated its plan to issue A-shares to specific investors for the year 2025, originally intended to raise 1.5 billion yuan for projects related to the rolling screw and joint module industrialization [7] - The termination was influenced by various factors, including the current capital market environment and the company's actual situation and development plans [7]

Group 1 - Shuanglin Co., Ltd. plans to issue H-shares and list on the Hong Kong Stock Exchange, indicating a flexible adjustment in capital operation strategies [1] - The company terminated a 1.5 billion yuan A-share private placement plan prior to this announcement, suggesting a shift in focus towards overseas financing [1] Group 2 - Sanhua Intelligent Control exercised its overallotment option, becoming the third largest IPO in Hong Kong this year, raising approximately 1.39 billion HKD in additional net proceeds [2] - The total number of shares sold reached 476.5364 million, with total fundraising amounting to 10.736 billion HKD, enhancing the company's competitive position in the global market [2] Group 3 - Weifu High Technology plans to convert 172 million B-shares to H-shares, offering cash options to B-share holders at a premium of 5% over the previous closing price [3] - This conversion aims to increase the company's visibility and influence in international capital markets, potentially improving stock liquidity and valuation [3] Group 4 - Zhida Technology submitted its listing application to the Hong Kong Stock Exchange for the third time, indicating a strong determination to enter the capital market [4] - The company is recognized as one of the largest providers of home electric vehicle charging solutions globally, with products certified by major safety standards [4] Group 5 - The Hang Seng Index rose by 1.33% to 24825.66 points on July 18, reflecting positive market sentiment [5] - The Hang Seng Tech Index increased by 1.65%, while the National Enterprises Index gained 1.51%, indicating a general upward trend in the Hong Kong stock market [5]

General Principles - The rules are established to standardize company operations, protect the legal rights of the company and shareholders, and enhance the supervisory role of the supervisory board [2] - The supervisory board is a permanent supervisory body responsible to the shareholders' meeting [2] Supervisors - The supervisory board consists of three supervisors, including one chairman elected by a majority of the supervisors [2] - Supervisors are representatives of shareholders and employees, with employee representatives making up at least one-third of the board [4] - Supervisors have the right to understand the company's operations and must maintain confidentiality [5] - Supervisors serve a term of three years and can be re-elected [7] Supervisory Board Powers - The supervisory board has the authority to review the company's periodic reports, inspect financials, supervise directors and senior management, and propose the convening of temporary shareholders' meetings [12] - The board can investigate abnormal business conditions and may hire professional firms for assistance [12] Meeting Procedures - The supervisory board must meet at least once every six months, with the chairman responsible for convening meetings [17] - Meetings require the presence of more than half of the supervisors to be valid, and decisions must be approved by a majority [28] Voting Procedures - Voting can be conducted through various methods, including in-person, fax, or email, ensuring all supervisors can express their opinions [27] - Resolutions regarding related party transactions require a two-thirds majority of the supervisory board [30] Record Keeping - Meeting records must accurately reflect the discussions and decisions made, including attendance and voting results [33] - All meeting documents are considered company trade secrets and must be kept confidential [38] Amendments and Interpretations - The rules can be amended if they conflict with changes in laws or company regulations [42] - The supervisory board holds the authority to interpret these rules [43]

General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [1] - The company was approved by the China Securities Regulatory Commission to issue 23.5 million shares of RMB ordinary stock to the public on July 12, 2010, and these shares were listed on the Shenzhen Stock Exchange on August 6, 2010 [1] - The registered capital of the company is RMB 571,982,940 [1] Legal Representative and Shareholder Rights - The legal representative of the company is elected by the shareholders' meeting and must be a director [2] - The company’s assets are divided into equal shares, and shareholders are liable for the company's debts only to the extent of their subscribed shares [2] - The company’s articles of association are legally binding on the company, shareholders, directors, supervisors, and senior management [2][3] Business Objectives and Scope - The company's business objective is to enhance product competitiveness and cultivate new profit growth points through research and development of new products based on existing industries [12] - The business scope includes manufacturing and research of automotive parts, plastic products, and medical devices, among others [3] Share Issuance and Capital Management - The company issues shares in the form of stocks, with each share having a par value of RMB 1 [5] - The total share capital of the company is 571,982,940 shares, all of which are ordinary shares [5] - The company can increase or decrease its registered capital according to legal regulations and shareholder resolutions [6] Shareholder Meetings - The company holds annual shareholder meetings within six months after the end of the previous fiscal year [42] - Shareholders holding more than 10% of the voting shares can request a temporary shareholders' meeting [43] - The company must provide a notice of the shareholders' meeting, including the time, place, and agenda [54] Voting and Resolutions - Resolutions at the shareholders' meeting can be ordinary or special, with ordinary resolutions requiring a majority and special resolutions requiring two-thirds of the votes [75][77] - Certain significant matters, such as capital increases or decreases, mergers, and amendments to the articles of association, require special resolutions [77]

Group 1 - The company held its 13th meeting of the 7th Supervisory Board on July 18, 2025, with all three supervisors present, meeting legal requirements [1] - The Supervisory Board approved a proposal to issue H shares and list on the Hong Kong Stock Exchange to enhance capital strength and international competitiveness [1][2] - The proposal to issue H shares requires approval from the shareholders' meeting and will comply with relevant laws and regulations [2][3] Group 2 - The company plans to hire KPMG as the auditing firm for the H share issuance and listing process [2] - The company intends to amend its Articles of Association and change its business scope, including issuing 6.0872 million A shares as part of its stock incentive plan [3] - The amendments to the Articles of Association and related changes will also require approval from the shareholders' meeting [3]

Group 1: Company Announcements - Dongwu Securities plans to raise no more than 6 billion yuan through a private placement of A-shares, with the funds primarily allocated for subsidiary capital increase, technology investment, and debt repayment [2] - Nanjing High-Tech reported a significant increase in contract sales, achieving 820 million yuan in equity contract sales, a year-on-year growth of 824.68% [4] - Changhong High-Tech intends to acquire 100% equity of Guangxi Changke New Materials, with stock trading resuming on July 21 [5] - Shunfeng Holdings recorded a revenue of 19.962 billion yuan in June for its express logistics business, reflecting a year-on-year growth of 14.24% [11] - Double Forest Co. plans to issue H-shares and list on the Hong Kong Stock Exchange [9] Group 2: Financial Performance - Nanjing High-Tech's real estate business achieved a contract sales area of 68,500 square meters, a year-on-year increase of 2437.04% [4] - YTO Express reported a revenue of 5.527 billion yuan in June, with a year-on-year growth of 11.35% [7] - Shunfeng Holdings' total revenue from express logistics, supply chain, and international business reached 26.254 billion yuan in June, up 13.43% year-on-year [11] Group 3: Other Significant Developments - The full subsidiary of Shangshi Development plans to sell part of its products from the Quanzhou project for 2.053 billion yuan, expecting a net profit of approximately 163 million yuan [3] - Yuyou Green Energy is set to invest up to 800 million yuan in a smart manufacturing base for new energy vehicle charging and discharging equipment [14] - Weifu High-Tech intends to convert its B-shares for listing on the Hong Kong Stock Exchange, without issuing new shares [12]

Investment Rating - The report indicates a positive investment outlook for the humanoid robot industry, highlighting significant growth potential driven by policy support and technological advancements [3][10]. Core Insights - The humanoid robot industry is experiencing rapid development, with government policies emphasizing embodied intelligence as a key focus for future industrial growth [10]. - Major companies are investing heavily in humanoid robotics, leading to accelerated technological progress and market expansion [3][8]. - The production of humanoid robots is set to increase significantly, with projections estimating a global market size of 150 billion yuan by 2029 [3][17]. Summary by Sections 1. Emergence of the Humanoid Robot Industry - The humanoid robot sector is entering a phase of industrialization, with advancements in AI enhancing interaction and learning capabilities [6][8]. 2. Harmonic Reducers: Acceleration of Domestic Production - Domestic manufacturers are ramping up production of harmonic reducers, which are critical components for humanoid robots [22][39]. 3. Planetary Roller Screws: Breakthrough in Domestic Production - The planetary roller screw market is expanding, with increasing applications in various industries, including automotive and robotics [56][68]. 4. Frameless Torque Motors: Domestic Performance Surpassing Expectations - Domestic frameless torque motors are showing competitive advantages in performance and cost, contributing to the overall growth of the humanoid robot market [28][29]. 5. Dexterous Hands: Technological Iteration and Upgrades - The development of dexterous hands is crucial for enhancing the functionality of humanoid robots, with ongoing technological improvements [22][28]. 6. Six-Dimensional Torque Sensors: Continuous Cost Reduction - The market for six-dimensional torque sensors is expected to grow as costs decrease, making them more accessible for humanoid robot applications [22][28]. 7. Market Potential and Production Plans - Companies like Tesla and Figure AI are planning significant production increases, with Tesla aiming for 5000 units in 2025 and up to 1 million units by 2029 [17][19].

Group 1 - The company Shuanglin Co., Ltd. plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength and international competitiveness [1] - Shuanglin Co., Ltd. has a total market value exceeding 26 billion yuan, focusing on automotive components, including interior and exterior parts, precision components, and smart control systems [1] - The company is actively discussing the listing details with relevant intermediaries and will require board and shareholder approval for the issuance [1] Group 2 - Shuanglin Co., Ltd. is expanding overseas through its new factory in Thailand, which has three high-end hub bearing production lines and has received U.S. customs origin certification [2] - The company aims to deepen its global layout, particularly in Southeast Asia and North America, and plans to cultivate a second growth curve by expanding the application of special materials in industrial equipment [2] - Shuanglin Co., Ltd. terminated its plan to issue A-shares to specific investors, originally intended to raise 1.5 billion yuan for projects related to roller screws and high-precision CNC grinding machine expansion [2] Group 3 - The Hong Kong IPO market has seen a significant increase in activity, with a sevenfold rise in total fundraising compared to the same period in 2024, driven by a surge in "A+H listing projects" [3] - Leading companies in the industry are experiencing higher valuation premiums in the Hong Kong market, with companies like CATL and Hengrui Medicine showing over 30% and 10% price premiums, respectively, for their H-shares compared to A-shares [3] - The number of applications for listings on the Hong Kong main board has reached over 200, marking a historical high [3]

双林股份有限公司 章 程 二○二五年七月 | 第一章 | 总则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 2 | | 第三章 股 | 份 | 2 | | 第一节 股份发行 | | 2 | | | 第二节 股份增减和回购 | 3 | | 第三节 股份转让 | | 4 | | 第四章 | 股东和股东会 | 5 | | 第一节 股东 | | 5 | | | 第二节 股东会的一般规定 | 8 | | | 第三节 股东会的召集 | 10 | | | 第四节 股东会的提案与通知 | 12 | | | 第五节 股东会的召开 | 13 | | | 第六节 股东会的表决和决议 | 15 | | 第五章 | 董事会 | 20 | | 第一节 董事 | | 20 | | 第二节 | 独立董事 | 22 | | 第三节 董事会 | | 23 | | 第四节 董事会秘书 | | 30 | | 第六章 | 总经理及其他高级管理人员 | 32 | | 第七章 | 监事会 | 34 | | 第一节 监事 | | 34 | | 第二节 监事会 | | 34 | | 第八章 | 党建工作 | 36 ...