证券代码：300100 证券简称：双林股份 宁波双林汽车部件股份有限公司 2025 年员工持股计划 （草案）摘要 二零二五年一月 声 明 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。并对其内容的真实性、准确性和完整性承担个别 和连带的法律责任。 2 风险提示 一、本员工持股计划须经公司股东大会批准后方可实施，本员工持股计划能 否获得公司股东大会批准，存在不确定性。 二、有关本次员工持股计划的资金来源、出资金额、实施方案等属初步结果， 能否完成实施，存在不确定性。 三、若员工认购资金较低或不足时，本次员工持股计划存在低于预计规模或 不能成立的风险。 四、本员工持股计划最终对公司 A 股普通股股票的购买情况以实际执行情 况为准，存在不确定性。 五、本次员工持股计划相关管理协议尚未签订，存在不确定性。 公司后续将根据相关规定披露进展情况，敬请广大投资者谨慎决策，注意投 资风险。 3 特别提示 一、《宁波双林汽车部件股份有限公司 2025 年员工持股计划（草案）》系 宁波双林汽车部件股份有限公司（以下简称"双林股份"或"公司"）依据现行 有效的《中华人民共和国公司法 ...

证券代码：300100 证券简称：双林股份 公告编号：2025-008 宁波双林汽车部件股份有限公司 关于召开 2025 年第一次临时股东大会的通知 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。 根据《公司法》和《公司章程》的有关规定，宁波双林汽车部件股份有限公 司（以下简称"公司"）第七届董事会第九次会议决定于 2025 年 2 月 10 日（星 期一）下午 14:00 召开公司 2025 年第一次临时股东大会，现将会议有关事项通 知如下： 3、会议召开的合法性、合规性：本次股东大会会议召开符合有关法律、行 政法规、部门规章、规范性文件和《公司章程》的相关规定 4、会议召开时间： （1）现场会议召开时间：2025 年 2 月 10 日（星期一）下午 14:00 开始 （2）网络投票时间：2025 年 2 月 10 日，其中： ① 通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 2 月 10 日 9:15—9：25，9：30—11:30 和 13:00—15:00； ② 通过互联网系统投票的具体时间为 2025 年 2 月 10 日 9:15- ...

证券代码：300100 证券代码：双林股份 上海荣正企业咨询服务（集团）股份有限公司 关于 之 独立财务顾问报告 二零二五年一月 | 一、 释义 3 | | --- | | 二、声明 4 | | 三、基本假设 5 | | 四、独立财务顾问对本员工持股计划的核查意见 6 | | （一）对本员工持股计划是否符合政策法规规定的核查意见 6 | | （二）对公司实施本员工持股计划可行性的核查意见 7 | | （三）实施员工持股计划对公司持续经营能力、是否存在明显伤害上市公司 | | 及全体股东利益情形的核查意见 9 | | 五、结论 10 | | 六、提请投资者注意的事项 10 | | 七、备查文件及咨询方式 11 | | （一）备查文件 11 | 一、 释义 本员工持股计划中，除非文艺另有所指，下列词语具有如下含义： | 双林股份、本公司、公司 | 指 | 宁波双林汽车部件股份有限公司 | | --- | --- | --- | | 标的股票 | 指 | 公司通过二级市场购买（包括但不限于大宗交易、集中竞价 | | | | 交易、协议转让）等法律法规许可的方式获得的公司股票 | | 员工持股计划、本员工 | 指 | ...

Summary of Conference Call on Shuangyin Co., Ltd. Company Overview - Shuangyin Co., Ltd. is a specialized intelligent manufacturing enterprise engaged in automotive parts, originating from the automotive interior and exterior business, and has developed a multi-bridge business model through internal refinement and external acquisitions [1][3]. Key Points and Arguments Business Development Stages 1. **Stage 1 (2000-2010)**: Transition from home appliance business to automotive parts, leading to the establishment of Ningbo Shuanglin Automotive Parts Co., Ltd. and its listing on the Shenzhen Stock Exchange [3]. 2. **Stage 2 (2010-2020)**: Focus on external acquisitions to extend product lines, including the acquisition of Hubei Xinhot Torch and DSI, which expanded the company's capabilities in wheel bearings and automotive transmissions [4][5]. 3. **Stage 3 (2020-Present)**: Emphasis on new technology and business reserves, phasing out loss-making segments like transmissions, and enhancing the electric drive sector [6]. Financial Performance - The company has seen revenue growth driven by acquisitions since 2017, but profitability has faced pressure due to underperforming acquisitions and industry downturns [5]. - The gross margin and net margin have been under pressure, with the automotive industry experiencing its first negative growth since 1990 [5]. Business Segments - The company’s revenue is primarily derived from the internal and external business segment, accounting for approximately 57-58% of total revenue, with wheel bearings contributing around 8-9% and electric motors about 11% [7]. - The seat adjustment system and seat actuators are highlighted as key products, with the company being the first private enterprise in China to develop these products [9]. Market Expansion - The company is expanding its presence in the North American market with a new factory in Thailand, aiming to meet rising demand and mitigate supply chain risks [10]. - In the new energy vehicle sector, Shuangyin has secured projects with major manufacturers like BYD, Changan, and Geely, focusing on high-volume models [11]. Future Growth Potential - The company is targeting a growth rate of around 15% in the electric drive segment, with ongoing customer expansion efforts [13]. - The market for robotic components, particularly rolling magnetic steel, is projected to grow significantly, with domestic market potential estimated at 20-30 billion [13][14]. Strategic Partnerships - Shuangyin has established strong collaborations with major automotive manufacturers such as Tesla and Changan, positioning itself well in the competitive landscape [15]. Additional Important Insights - The company has implemented a stock incentive plan to enhance employee motivation and align interests with shareholders [8]. - The focus on technological capabilities and project management is crucial for competing in the rapidly evolving robotics sector, especially with increasing interest from companies like NVIDIA and OpenAI [14][15]. - The estimated valuation for the company is projected to exceed 8.5 billion based on a 20x earnings multiple, indicating significant growth potential [16].

Investment Rating - The investment rating for the company is "Buy" (maintained) [8] Core Views - The company is expected to achieve a significant turnaround in its performance in 2024, with projected net profit attributable to the parent company ranging from 467 to 497 million yuan, representing a year-on-year increase of 477% to 514% [9] - The company has successfully established a trial production line for roller screw products, which is anticipated to contribute positively to future revenue growth [9] - The company is focusing on new product development in the screw segment, including automotive ball screws and planetary roller screws, with expectations for substantial breakthroughs in 2025 [9] Financial Summary - Revenue is projected to increase from 4,139 million yuan in 2023 to 4,822 million yuan in 2024, reflecting a year-on-year growth of 16.5% [7] - Net profit attributable to the parent company is expected to rise dramatically from 81 million yuan in 2023 to 483 million yuan in 2024, indicating a growth rate of 496.6% [7] - The gross margin is forecasted to improve from 18.9% in 2023 to 20.5% in 2024 [7] - The company’s return on equity (ROE) is expected to increase significantly from 3.7% in 2023 to 18.3% in 2024 [7] Business Outlook - The company is expected to maintain steady growth in its core business segments, including seat components and hub bearings, while also expanding its presence in the new energy electric drive system market [9] - The company has secured new projects with major automotive brands, which is likely to enhance its market position and revenue streams [9] - The anticipated performance improvement is supported by the successful execution of new projects and effective cost control measures [9]

Financial Performance - The company's net profit attributable to shareholders is expected to be between 46,700 and 49,700 thousand yuan, representing a year-on-year growth of 477.39% to 514.48%[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 30,000 and 33,000 thousand yuan, reflecting a year-on-year increase of 283.92% to 322.31%[2] - Basic earnings per share are estimated to be between 1.16 and 1.24 yuan per share, compared to 0.2 yuan per share in the previous year[2] Business Drivers - The growth in the company's performance is primarily driven by the significant increase in the production and sales of new energy vehicles in the national passenger car market[4] Non-Recurring Gains - The company received a cash compensation of 16,206.74 thousand yuan from a major asset restructuring project, which is expected to increase non-recurring gains and losses for the reporting period[5] Audit and Reporting - The financial data in the performance forecast has not been audited by an accounting firm, but there are no discrepancies between the company and the auditors regarding this forecast[3] - The specific financial data for the 2024 fiscal year will be disclosed in detail in the annual report[6]

证券代码：300100 证券简称：双林股份 公告编号：2025-002 宁波双林汽车部件股份有限公司 第七届董事会第八次会议决议公告 表决结果：9 票赞成，0 票弃权，0 票反对。 特此公告！ 宁波双林汽车部件股份有限公司 董 事 会 宁波双林汽车部件股份有限公司（以下简称"公司"）第七届董事会第八次 会议通知于 2025 年 1 月 7 日以电子邮件和电话方式通知了各位董事，董事会于 2025 年 1 月 10 日下午以现场结合通讯方式举行。本次董事会应参加表决的董事 9 名，实际参加表决的董事 9 名,符合《公司法》和《公司章程》的规定。 二、董事会会议审议情况 会议由董事长邬建斌先生主持，各董事表决通过了以下议案： 1、审议通过了《关于"质量回报双提升"行动方案的议案》 为深入贯彻党的二十大、二十届三中全会和中央金融工作会议精神，严格落 实《国务院关于加强监管防范风险推动资本市场高质量发展的若干意见》（国发 〔2024〕10 号），切实保障投资者尤其是中小投资者的合法权益，增强投资者信 心，推动公司高质量、可持续的健康发展，公司制定了"质量回报双提升"行动 方案。具体内容详见公司同日在巨潮资讯网刊登的相 ...

宁波双林汽车部件股份有限公司（以下简称"公司"）股票交易连续 3 个交 易日（2025 年 1 月 8 日、1 月 9 日、1 月 10 日）内收盘价格涨幅偏离值累计超 过 30%，根据《深圳证券交易所交易规则》有关规定，属于股票交易异常波动 的情况。 二、公司关注、核实情况的说明 针对公司股票交易异常波动情况，公司董事会对公司、控股股东及实际控 制人就相关问题进行了核实，现就相关情况说明如下： 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、股票交易异常波动的具体情况 证券代码：300100 证券简称：双林股份 公告编号：2025-001 宁波双林汽车部件股份有限公司 股票交易异常波动公告 3、公司目前的经营情况及内外部经营环境未发生重大变化。 2、目前公司正在进行 2024 年度财务核算，如经公司测算达到《深圳证券交 易所创业板股票上市规则》规定的业绩预告披露有关情形，公司将按照规定及时 披露 2024 年度业绩预告。截至本公告披露日，公司未向除为公司审计的会计师 事务所以外的第三方提供 2024 年度相关财务数据。 4、公司、控股股东及实际控制人不存在关 ...

证券代码：300100 证券简称：双林股份 公告编号：2024-073 宁波双林汽车部件股份有限公司 关于控股股东股权质押及部分股权解除质押的公告 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 在中国工商银行股份有限公司宁海支行（以下简称"工行宁海支行"）办理融资 业务，在重新质押 1,600 万股后，将原先质押的 3,700 万股份相应解除质押，具 体情况如下： 一、本次股东股份质押的基本情况 | | 是否为第 | | 占其所 | 占公司 | 是否 | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 一大股东 | 质押股数 | 持股份 | 总股本 | 为限 | 为补 | 质押开始 | 质押到期 | 质权人 | 用途 | | 名称 | 及一致行 | （万股） | 比例 | 比例 | 售股 | 充质 ...

Company and Industry Summary Company Overview - The company has undergone a restructuring phase and is now entering a growth phase, particularly in the core component of four-bar products, which successfully developed prototypes in October, opening new customer opportunities [1] - Established in 2000 and went public in 2010, the company is considered a veteran in the industry [1] Mergers and Acquisitions - The company has expanded its business through several acquisitions, including: - Acquiring Shanghai Chengye, a supplier in the interior business [2] - Acquiring DeYang Electronics for electric motor products related to new energy vehicles [2] - Acquiring DFI, a core supplier of gearboxes for Geely [2] Business Segments - The company operates in four main business segments with revenue contributions of 57%, 29%, 6.5%, and less than 5% respectively [3] - The management has implemented stock incentive plans for core technical personnel, aiming for revenue targets of 250 million, 287 million, and 330 million yuan by 2024, 2026, and beyond [3] Financial Performance and Projections - The company expects annual growth rates of 10% to 15% based on fundamental analysis and industry trends [4] - The electric drive business, which was previously underperforming, is projected to turn profitable by Q4 2023, contributing significantly to overall performance [7] - The gearbox business, acquired in 2015, is being phased out due to poor performance and customer loss [8][9] New Growth Opportunities - The company is focusing on the four-bar products for humanoid robots, leveraging its existing technology from the HDM and wheel hub bearing sectors [10] - The global market for planetary four-bar products is estimated at 2 billion yuan, with potential growth to over 10 billion yuan by 2028 [11] - The company aims to capitalize on the urgent demand for cost reduction in the humanoid robot sector, with significant opportunities for domestic suppliers [12] Competitive Landscape - The company faces competition primarily from foreign suppliers, but domestic companies are increasingly entering the market [12] - The company’s advantages include its experience in mass production and cost control in the automotive sector [13] Investment Outlook - The company’s projected profits for 2024, 2025, and 2026 are 450 million, 420 million, and 510 million yuan respectively, with a notable drop in 2025 due to one-time compensation from a previous acquisition [15] - The valuation approach is based on SOTP (Sum of the Parts), with a target market cap of over 12 billion yuan combining core business and new growth areas [16][19] - The humanoid robot market is expected to be a key growth driver, with significant production plans from major players like Tesla anticipated in 2025 [20][21] Conclusion - The company is positioned for a turnaround with a focus on new growth areas, particularly in the humanoid robotics sector, while maintaining stable growth in its core automotive components business. The competitive landscape is evolving, with domestic suppliers gaining traction, and the company is well-placed to leverage its technological capabilities and market experience for future growth.