证券代码：300100 证券简称：双林股份 公告编号：2025-036 宁波双林汽车部件股份有限公司 关于控股股东股权质押的公告 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。 宁波双林汽车部件股份有限公司（以下简称"公司"）于近日接到公司控 股股东双林集团股份有限公司（以下简称"双林集团"）的通知，获悉双林集团 在兴业银行股份有限公司宁波分行（以下简称"兴业银行宁波分行"）办理融资 业务，办理了 1,100 万股的质押手续，具体情况如下： 一、本次股东股份质押的基本情况 | 股东 | 是否为第 一大股东 | 质押股数 | 占其所 | 占公司 | 是否 | 是否 为补 | 质押开始 | 质押到期 | | 用途 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 持股份 | 总股本 | 为限 | | | | 质权人 | | | 名称 | 及一致行 | （万股） | 比例 | 比例 | 售股 | 充质 | 日 | 日 | | | | | 动人 | | | | | ...

智通财经4月21日电，双林股份在互动平台表示，公司当前已经对接国内两家头部新势力车企就人形机 器人用反向式行星滚柱丝杠项目进行开发，第一批样件订单预计于4月份进行交付。同时，已经向YS、 TP等客户进行了送样。公司已经成功开发出了人形机器人灵巧手应用0301规格的滚珠丝杠产品，并成 功向YS、ZWJD等客户送样。同步正在开发TB及国内两家头部新势力车企等客户的灵巧手中应用的微 型滚珠丝杠产品。目前，公司已经建立了完整的微型滚珠丝杠加工能力和生产线。截止目前上述产品尚 未实现营业收入。 双林股份：已对接国内两家头部新势力车企 人形机器人用反向式行星滚柱丝杠项目样件订单预计4月交 付 ...

Core Viewpoint - The company reported strong financial performance for Q1 2025, with significant year-on-year growth in both revenue and net profit, indicating improved operational capabilities and potential for sustained profitability [1][2]. Financial Performance - Q1 2025 revenue reached 1.286 billion, representing a year-on-year increase of 21% but a quarter-on-quarter decrease of 23% [1] - Net profit attributable to shareholders was 159 million, up 105% year-on-year and 22% quarter-on-quarter, exceeding the previous forecast range of 150-180 million [1] - The company's net profit margin for Q1 2025 was 10.3%, an increase of 3.5 percentage points year-on-year and 5.1 percentage points quarter-on-quarter, marking the highest level since 2017 [1] Product and Market Development - The company is experiencing growth across its core products, including: - Seat components, with deep collaborations with leading seat manufacturers and expansion into new products [1] - Hub bearings, having secured projects with high-end joint ventures like SAIC Audi, indicating potential for more high-end market opportunities [1] - New energy electric drives, with significant progress in product volume and new project acquisitions [1] - The company plans to expand its precision transmission component technology into various industries, including automotive, robotics, and aerospace, indicating a strong commitment to innovation [2] Profitability Metrics - The company's gross margin for Q1 2025 was 21.6%, an increase of 0.6 percentage points year-on-year and 6.8 percentage points quarter-on-quarter [2] - The period expense ratio was 10.4%, down 2.3 percentage points year-on-year and up 3.8 percentage points quarter-on-quarter, reflecting effective cost management [2] Investment Outlook - The company is expected to see continued growth in net profit, with projections of 540 million, 660 million, and 780 million for 2025-2027, corresponding to growth rates of 8%, 23%, and 19% respectively [3] - The company maintains a "buy" rating based on improved operational performance and the promising outlook for new product applications [3]

Investment Rating - The report maintains a "Buy" rating for the automotive industry, indicating a positive outlook for the sector [10][43]. Core Insights - The automotive industry is experiencing a shift towards electrification and intelligent driving, with significant advancements in technology and product offerings from both joint ventures and domestic brands [8][9]. - The first humanoid robot marathon showcased advancements in humanoid robot technology, highlighting investment opportunities in core components such as actuators and control algorithms [6][10]. - The upcoming Shanghai International Auto Show is expected to feature new models and innovations, particularly in smart vehicle technology, which is becoming a key differentiator among manufacturers [8][9]. Summary by Sections Industry Performance - The automotive sector has shown a mixed performance, with a 1-month decline of 13.8% compared to a 5.1% decline in the Shanghai Composite Index [3][18]. - Over the past 12 months, the automotive sector has outperformed the market with a 17.3% increase, while the Shanghai Composite Index only increased by 6.5% [3][19]. Investment Opportunities - Investment suggestions include focusing on companies involved in algorithms, control systems, motors, and cooling technologies, such as 德昌电机控股, 索辰科技, and 信捷电气 [6]. - Additionally, companies producing joint modules and linear actuators, such as 双林股份 and 嵘泰股份, are recommended for investment due to their critical role in humanoid robotics [6][10]. Upcoming Events - The Shanghai International Auto Show will take place from April 23 to May 2, 2025, with a focus on electric and intelligent vehicle technologies [8]. - Major automotive brands are expected to unveil new models and showcase advancements in smart driving capabilities, with a particular emphasis on local market adaptations [9]. Company Announcements - 双林股份 reported significant revenue growth of 18.64% year-on-year, with a net profit increase of 514.49% [46]. - The company has developed new products for humanoid robots, including planetary roller screws and joint modules, which are expected to enter the market soon [47][49]. Market Trends - The report notes a steady increase in retail and wholesale volumes in the automotive market, driven by government policies promoting consumption [37][38]. - The report highlights the importance of both domestic and international demand in driving the automotive market's growth, particularly in the context of evolving consumer preferences and technological advancements [38].

Investment Rating - The report maintains a "Buy" rating for the automotive industry [2][11]. Core Insights - The automotive industry is experiencing a shift towards electrification and intelligent driving, with significant advancements in new models and technologies being showcased at the upcoming Shanghai Auto Show [9][10]. - The successful completion of the first humanoid robot marathon indicates substantial progress in humanoid robot technology, presenting investment opportunities in core components and algorithms [6][7]. Market Performance - The automotive sector has underperformed, with a 1-month decline of 13.8% compared to a 5.1% decline in the CSI 300 index [3][19]. - The automotive industry PE (TTM) is at 28.3, which is in the 15.7% percentile over the past four years, while the PB is at 2.6, in the 76.3% percentile [29]. Investment Recommendations - Focus on companies with strong partnerships in intelligent driving and electrification, such as Seres, Jianghuai Automobile, and others [11][43]. - Investment opportunities in the humanoid robot sector include companies like Dual Lin Co., Best, and others involved in core components and algorithms [12][43]. Upcoming Events - The Shanghai International Auto Show is set to take place from April 23 to May 2, 2025, highlighting new models and technological advancements from various manufacturers [9][10]. Company Announcements - Dual Lin Co. reported significant revenue growth and profit increases, indicating strong performance in the automotive components sector [47]. - The report highlights the development of new products in humanoid robotics, including linear actuator modules and screw products, which are expected to drive future revenue [48][50].

Group 1: Financial Performance - In 2024, the company achieved a revenue of 4.91 billion yuan, representing a year-on-year growth of 18.64% [2] - Revenue from new energy-related businesses reached 2.23 billion yuan, accounting for 45.46% of total revenue, an increase of 14.32% [2] Group 2: Product Advantages - The company's self-developed reverse planetary roller screw products feature core advantages of "high load, high precision, and long lifespan," significantly enhancing load capacity, speed, and lifespan while reducing production costs [3] - The acquisition of Wuxi Kezhixin Machinery Technology Co., Ltd. has strengthened the company's capabilities across the entire industry chain, from "materials-design-processing-testing" [3] Group 3: Strategic Acquisitions - The acquisition of Kezhixin completed a key piece in the humanoid robot screw industry chain, with its internal thread grinding technology being a critical asset [4] - The reverse planetary roller screw grinding machine developed by Kezhixin can reduce the cost of a single device from tens of millions to 3 million yuan, while compressing delivery time by 75% [4] Group 4: International Expansion - The new Torch Thailand factory has established three high-end hub bearing production lines, achieving localized production with products certified by U.S. customs [5] - The Thailand factory commenced mass production in January 2025, with products being delivered, and is expected to achieve small batch production of OEM qualified products by June 2025 [5]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company achieved a revenue of 1.29 billion yuan in Q1 2025, with year-on-year growth of 21% and a net profit of 160 million yuan, reflecting a significant year-on-year increase of 105% [1] - The growth in performance is attributed to the continuous increase in demand for new energy products and effective cost reduction measures [1] - The company has accelerated its screw rod business layout, with successful development of new products and acquisition of technology to reduce equipment costs [2] Financial Performance Summary - Revenue projections for 2025-2027 are 5.55 billion yuan, 6.86 billion yuan, and 8.08 billion yuan respectively, with corresponding P/E ratios of 50, 41, and 35 [2] - The company’s gross margin in Q1 2025 was 21.6%, an increase of 0.6 percentage points year-on-year, while the expense ratio decreased by 2.3 percentage points [1] - The net profit for 2025 is estimated to be 555 million yuan, with a year-on-year growth rate of 11.7% [3] Business Development Summary - The company has developed a clear technical path for its screw rod business, with several products expected to enter mass production in 2025 [2] - The acquisition of Wuxi Kezhixin in February 2025 is expected to significantly reduce equipment costs and delivery times [2] - Key product milestones include the mass production of automotive screw rods in H2 2025 and the delivery of robot-related components by April 2025 [2]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company achieved a significant year-on-year revenue growth of 21% in Q1 2025, reaching 1.29 billion yuan, with a net profit of 160 million yuan, reflecting a 105% increase [1] - The growth is attributed to the continuous demand in the new energy sector and effective cost reduction strategies, enhancing overall profitability [1] - The company has accelerated its screw rod business layout, with successful product development and production line completion expected in 2025 [2] Financial Performance Summary - Revenue projections for 2025-2027 are 5.55 billion yuan, 6.86 billion yuan, and 8.08 billion yuan, respectively, with corresponding P/E ratios of 50, 41, and 35 [2] - The company’s gross margin improved to 21.6% in Q1 2025, up 0.6 percentage points year-on-year, while the expense ratio decreased by 2.3 percentage points [1] - The net profit for 2025 is estimated at 555 million yuan, with a year-on-year growth rate of 11.7% [3] Business Development Summary - The company has developed a clear technical path for its screw rod business, with several products expected to enter mass production in 2025 [2] - The acquisition of Wuxi Kezhixin in February 2025 is anticipated to significantly reduce equipment costs and delivery times [2] - Key milestones include the planned mass production of automotive screw rods in H2 2025 and the delivery of robot-related products by April 2025 [2]

机构指出，多方增量资金明确，稳市资金更加积极，下方空间有限。 【财经日历】 2025全球机器学习技术大会。 | 3 | 盘前必读 | | 外盘怎么样 // | | | --- | --- | --- | --- | --- | | 名称 | | 现价 | 涨跌 | 涨跌幅 | | 道琼斯工业指数 | | 39142.23 | -527.16 | -1.33% | | 纳斯达克指数 | | 16286.45 c | -20.71 | -0.13% | 美股周四涨跌不一，投资者在假期前保持谨慎，同时关注贸易谈判进展与利率前景。 截至当天收盘，道琼斯工业平均指数下跌527.16点，报39142.23点，跌幅1.33%；标准普尔500指数上涨7.00点，报5282.70点，涨幅0.13%；纳斯达克综合指 数下跌20.71点，报16286.45点，跌幅0.13%。本周三大指数均录得周线下跌，标普500指数累计下跌1.5%，纳指下跌2.6%，道指跌幅达2.7%。 大型科技股走势分化。谷歌母公司Alphabet下跌1.4%，此前联邦法官裁定谷歌在在线广告技术市场存在非法垄断行为。微软下跌逾1%；亚马逊、Meta与特 斯拉微 ...