双林股份递表港交所，迈出开拓国际市场重要一步

Core Insights - Shuanglin Co., Ltd. submitted an application for H-share listing on the Hong Kong Stock Exchange on September 24, 2025, marking a significant step in expanding its international market presence and enhancing brand influence [2][4] - The company is a leading global manufacturer of intelligent drive components, providing high-quality products to both domestic and international automotive markets [2] 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% [2] - The company ranks as the ninth-largest hub bearing supplier globally, holding a market share of 2.2%, and is the third-largest in China with a market share of 6.9% [2] - 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 [2] Financial Performance - Revenue increased from RMB 4,185.3 million in 2022 to RMB 4,910.5 million in 2024 [4] - For the six months ending June 30, 2025, revenue reached RMB 2,524.8 million, a 20.1% increase from RMB 2,102.8 million for the same period in 2024 [4] - The company's gross margin improved from 15.7% in 2022 to 17.3% in 2024, further increasing to 20.2% for the six months ending June 30, 2025 [4] Strategic Focus - The intelligent drive components business is a strategic priority for the company, which has successfully extended its product range to include key components for humanoid robot drive systems and low-altitude economy sectors [4] - The interior and exterior trim business serves as a foundational segment, helping the company build a broad and stable customer base through long-term focus [4] - The company aims to continue enhancing product and service quality, adhering to a customer-centric philosophy to provide superior products and solutions globally [4]