一图解码：双林股份闯关港股谋“A+H”双融资，成色几何？

Core Viewpoint - Shuanglin Technology Co., Ltd. (300100.SZ) has submitted a prospectus to the Hong Kong Stock Exchange on September 24, planning to list on the main board, aiming for a dual listing in both A-share and H-share markets, enhancing its financing channels [5][6]. Group 1: Company Overview - Shuanglin Technology is a global leader in the manufacturing of intelligent transmission drive components, providing high-quality products to both domestic and international automotive markets, with a strategic focus on transmission drive intelligent components [9][10]. - The company is recognized as the second-largest supplier of automotive seat horizontal drive motors (HDM) globally and the largest in China, as well as the ninth-largest supplier of wheel hub bearings worldwide and the largest for small electric vehicle drive systems [10]. Group 2: Financial Performance - For the six months ending June 30, 2025, Shuanglin Technology reported revenues of approximately 2.525 billion RMB, representing a year-on-year growth of about 20.1%, and a net profit of approximately 287 million RMB, with a year-on-year increase of about 15.5% [9][18]. - The revenue from transmission drive intelligent components accounted for 58.9% of the total revenue during the same period [10]. Group 3: Fundraising Purpose - The net proceeds from the IPO are intended for expanding overseas production capacity and establishing an international sales network, enhancing global presence, and investing in emerging fields such as humanoid robots and core components for new energy vehicles [9]. - Additional plans include increasing production capacity and operational efficiency, investing in forward-looking technology research, and enhancing core R&D capabilities in micro-motor control and precision transmission technology [9]. Group 4: Research and Development - Shuanglin Technology has invested 612.3 million RMB in R&D, resulting in the acquisition of 345 patents, including 78 invention patents [12][14]. Group 5: Client Base - The company has a stable and high-quality customer base, including major automotive OEMs and manufacturers such as SAIC-GM-Wuling, Nissan, Great Wall Motors, Ford, Beijing Hyundai, and NIO [15][16]. Group 6: Competitive Advantages - Shuanglin Technology holds a leading position in multiple market segments, focusing on becoming a promoter of hydraulic-free solutions, with a strong emphasis on technological innovation, product synergy, cost efficiency, and reliable quality [21].