Chang Jiang Shang Bao·2025-06-02 22:37Core Viewpoint - Double Lin Co., Ltd. is intensifying its investment in the humanoid robot sector by planning to raise up to 1.5 billion yuan through a private placement to fund various projects, including the industrialization of key components for humanoid robots [1][2][3] Fundraising and Investment Projects - The company plans to issue shares to no more than 35 specific investors, raising a total of up to 1.5 billion yuan, which will be allocated to projects such as the industrialization of rolling ball screws and joint modules, expansion of high-precision CNC grinding machines, and the establishment of a forward-looking technology research and application center [2][3] - The rolling ball screw and joint module industrialization project has a total investment of 999.5 million yuan, with 895 million yuan coming from the raised funds, expected to produce 1 million sets of reverse planetary rolling ball screws and 500,000 sets of linear joint modules annually after completion [2] - The high-precision CNC grinding machine expansion project has a total investment of 175 million yuan, with 130 million yuan from the raised funds, aiming for an annual production of 540 high-precision CNC grinding machines [3] - The forward-looking technology research and application center project has a total investment of 109 million yuan, with 105 million yuan from the raised funds, which will enhance the company's technological capabilities [3] Company Background and Market Position - Double Lin Co., Ltd. is a leading manufacturer of automotive components in China, recognized for its significant technical accumulation in the HDM (High-Performance Drive Module) sector [4][7] - The company has successfully entered the humanoid robot market in 2024, leveraging its existing technology and production capabilities [4][5] Financial Performance - In Q1 2025, the company reported a revenue of 1.286 billion yuan, a year-on-year increase of 20.97%, and a net profit of 159 million yuan, up 105.49% year-on-year [1][8] - The gross margin for Q1 2025 was 21.63%, an increase of 0.6 percentage points year-on-year, while the net profit margin was 12.4%, up 5.1 percentage points year-on-year [1][8] Research and Development - The company emphasizes technological innovation, operating five major R&D centers and investing in advanced research capabilities [9] - R&D expenditures from 2022 to 2024 were 185 million yuan, 175 million yuan, and 169 million yuan, representing 4.43%, 4.23%, and 3.43% of revenue, respectively [9]