新股消息 | 双林股份递表港交所 为中国最大的汽车座椅HDM供应商

Core Viewpoint - Shuanglin Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with CITIC Securities and GF Securities as joint sponsors [1]. Company Overview - Shuanglin Co., Ltd. is a leading global manufacturer of intelligent components for transmission and drive systems, providing high-quality products to both domestic and international automotive markets [3]. - The company's strategic focus is on transmission drive intelligent components, including transmission assemblies, new energy drive systems, and hub bearing components, as well as interior and exterior trim [3]. - Shuanglin has successfully extended its product range to include key components for humanoid robot drive systems and the low-altitude economy sector [3]. Market Position - According to Frost & Sullivan, Shuanglin is the second-largest supplier of automotive seat horizontal drive motors (HDM) globally, with a market share of 15.1%, and the largest in China with a market share of 32.8% [3]. - The company ranks as the ninth-largest supplier of hub bearings globally, holding a market share of 2.2%, and is the third-largest in China with a market share of 6.9% [3]. - Shuanglin is the largest manufacturer of small electric drive systems for new energy vehicles, with global and Chinese market shares of 6.4% and 9.5%, respectively [3]. Financial Performance - For the fiscal years 2022, 2023, and 2024, Shuanglin reported revenues of approximately RMB 4.185 billion, RMB 4.139 billion, and RMB 4.910 billion, respectively [4]. - The net profits for the same periods were RMB 75.91 million, RMB 81.94 million, and approximately RMB 498 million [4]. - For the six months ending June 30, 2024, the company achieved a revenue of RMB 2.102 billion and a profit of approximately RMB 248.7 million [4].