双林股份（300100）：汽零主业持续拓展，丝杠收购关键上游设备商塑造第二曲线

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company reported a revenue of 4.91 billion in 2024, representing an 18.6% year-on-year increase, and a net profit attributable to shareholders of 0.497 billion, reflecting a significant growth of 514.5% year-on-year [1] - The company is expected to benefit from the ongoing growth trend in the automotive industry, with a focus on expanding both product offerings and customer base [2][3] - The acquisition of a key upstream equipment manufacturer is anticipated to enhance the company's capabilities in the screw rod business, thereby shaping a second growth curve [2][3] Financial Performance Summary - In 2025, the company is projected to achieve a net profit of 0.61 billion, with an EPS of 1.52, corresponding to a PE ratio of 52 times [5] - The gross profit margin for 2024 was 18.49%, with a net profit margin of 10.12%, indicating effective cost control and operational efficiency [2] - The company expects to maintain a strong revenue growth trajectory, with projected revenues of 5.52 billion in 2025 and 6.69 billion in 2026, reflecting growth rates of 12.4% and 21.3% respectively [5][6]