双环传动前三季度“减收增利”拟拆分环动科技赴科创板上市

Group 1 - The core viewpoint of the article highlights that Zhejiang Shuanghuan Transmission Machinery Co., Ltd. (Shuanghuan Transmission) has demonstrated a "revenue decline but profit increase" trend in its Q3 and year-to-date financial results for 2025 [1][3] - In Q3 2025, Shuanghuan Transmission reported a revenue of 2.237 billion yuan, a year-on-year decrease of 7.56%, while the net profit attributable to shareholders was 321 million yuan, reflecting a year-on-year increase of 21.22% [1] - For the first three quarters of 2025, the company achieved a total revenue of 6.466 billion yuan, which is a 4% year-on-year decline [1] Group 2 - The decline in revenue for the first three quarters is primarily attributed to a decrease of 842 million yuan in other business income compared to the same period last year, while the main business income increased by 5.6% [1] - Shuanghuan Transmission plans to spin off its subsidiary, Zhejiang Huandong Robot Joint Technology Co., Ltd. (Huandong Technology), for an IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, which has garnered significant attention [3] - Following the spin-off, Huandong Technology will remain a controlled subsidiary of Shuanghuan Transmission, and its financial status and profitability will still be reflected in the company's consolidated financial statements [3]