Group 1 - The Shenzhen Stock Exchange held a roadshow in Seoul, South Korea, focusing on investment opportunities in China, with participation from five companies in sectors like artificial intelligence and new energy [1] - Among the participants, Shuanghuan Transmission was the only listed company from Zhejiang province, showcasing its prominence in the event [1] Group 2 - Shuanghuan Transmission, established in 1980, specializes in manufacturing mechanical transmission gears and components, and was listed on the Shenzhen Stock Exchange in 2010 [3] - The company has evolved from producing motorcycle gears to becoming a key supplier for major automotive manufacturers, including ZF Friedrichshafen in China [3] Group 3 - The company is family-controlled, with the founder's son-in-law, Wu Changhong, serving as chairman, and other family members holding significant shares [5] - As of now, Wu Changhong holds 7.07% of the shares, while other family members collectively control a substantial portion of the company [5] Group 4 - Shuanghuan Transmission's stock price has increased tenfold since 2021, driven by the rise of the new energy vehicle and robotics industries [6] - The company's market capitalization has reached 41.6 billion yuan, ranking second among 72 A-share listed companies in Taizhou [9] Group 5 - In 2020, Shuanghuan Transmission established a wholly-owned subsidiary, Zhejiang Huandong Robot Joint Technology Co., Ltd., to focus on robotics-related assets and technologies [8] - The subsidiary is preparing for an IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, aiming to raise 1.408 billion yuan, with Shuanghuan Transmission retaining a 61.29% stake [13]

Group 1 - The stock of Zhejiang Shuanghuan Transmission Co., Ltd. increased by 5.25% on September 22, reaching a price of 49.14 yuan per share, with a trading volume of 1.762 billion yuan and a turnover rate of 4.85%, resulting in a total market capitalization of 41.735 billion yuan [1] - The company, established on August 25, 2005, and listed on September 10, 2010, specializes in the research, design, and manufacturing of mechanical transmission gears, with its main revenue sources being passenger car gears (63.11%), smart actuators (10.06%), engineering machinery gears (8.39%), reducers and others (8.25%), commercial vehicle gears (7.64%), electric tool gears (1.68%), and motorcycle gears (0.87%) [1] Group 2 - According to data from the top ten holdings of funds, one fund under Xingyin Fund holds a significant position in Shuanghuan Transmission. The Xingyin CSI 500 Index Enhanced A Fund (010253) held 11,900 shares in the second quarter, accounting for 0.5% of the fund's net value, ranking as the seventh largest holding [2] - The Xingyin CSI 500 Index Enhanced A Fund, established on March 1, 2021, has a latest scale of 31.8202 million yuan, with a year-to-date return of 27.41%, ranking 1769 out of 4222 in its category, and a one-year return of 55.69%, ranking 1711 out of 3813 [2]

风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 招商中证机器人指数型发起式A（020481）成立日期2024年1月19日，最新规模1.48亿。今年以来收益 32.87%，同类排名1337/4222；近一年收益81.72%，同类排名898/3804；成立以来收益58.91%。 招商中证机器人指数型发起式A（020481）基金经理为许荣漫。 截至发稿，许荣漫累计任职时间4年177天，现任基金资产总规模273.61亿元，任职期间最佳基金回报 58.52%， 任职期间最差基金回报-58.45%。 9月16日，双环传动涨5.33%，截至发稿，报42.86元/股，成交11.53亿元，换手率3.65%，总市值364.01 亿元。双环传动股价已经连续3天上涨，区间累计涨幅5.8%。 资料显示，浙江双环传动机械股份有限公司位于浙江省杭州市余杭区五常街道荆长大道658-1号2幢和合 大厦，成立日期2005年8月25日，上市日期2010年9月10日，公司主营业务涉及机械传动齿轮的研发、设 计与 ...

Core Viewpoint - The stock of Zhejiang Shuanghuan Transmission Co., Ltd. has experienced fluctuations, with a recent decline of 2.04% and a year-to-date increase of 20.08%, indicating volatility in market performance [1] Financial Performance - For the first half of 2025, the company reported a revenue of 4.229 billion yuan, a year-on-year decrease of 2.16%, while the net profit attributable to shareholders increased by 22.02% to 577 million yuan [2] - Cumulative cash dividends since the company's A-share listing amount to 805 million yuan, with 357 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 8.62% to 55,500, while the average circulating shares per person increased by 9.55% to 13,562 shares [2] - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 152 million shares, an increase of 11.1729 million shares compared to the previous period [3] Market Activity - The stock's trading volume reached 553 million yuan with a turnover rate of 1.99%, and the total market capitalization is approximately 30.942 billion yuan [1] - The stock has seen a recent decline of 3.92% over the last five trading days, but a 6.32% increase over the last 20 days and a 15.19% increase over the last 60 days [1] Business Overview - The company specializes in the research, design, and manufacturing of mechanical transmission gears, with its main revenue sources being passenger car gears (63.11%), smart actuators (10.06%), and engineering machinery gears (8.39%) [1] - The company is classified under the automotive industry, specifically in the automotive parts sector, with involvement in various concepts such as reducers and robotics [1]

答：公司于 2025 年 5月在匈牙利建成新厂房，目前在产能建设及新项目的投产审核准备过程中，已开始 小批量交付产品。同时，公司有新定点项目获得，即将进入量产爬坡阶段。团队将持续努力去争取海外新 项目，包括豪华车企的下一代标杆电驱动项目。尽管短期内欧洲市场需求有所下降，但行业趋势不变，公 司将继续加大投入，做好产能建设、市场拓展及团队培养等工作。 问：公司工程机械齿轮业务增长原因？ 证券之星消息，2025年8月29日双环传动（002472）发布公告称公司于2025年8月27日接受机构调研，易方 达基金、华夏基金、广发证券、国盛证券、国联民生证券、国泰海通证券、国投证券、国信证券、国元证 券、华创证券、华福证券、华泰证券、汇添富基金、华西证券、华源证券、汇丰前海证券、民生证券、西 部证券、兴业证券、野村证券、长江证券、招商证券、浙商证券、大朴资管、银河证券、中邮证券、金恩 投资、洛书投资、森锦投资、拾贝能信、追云资管、石锋资管、四叶草资管、淡马锡控股、天治基金、同 泰基金、望道中观基金、东财基金、循远资管、固禾基金、冰湖基金、国源信达资本、合远基金、和谐汇 一资管、安本基金、恒生前海基金、金科投资、国信汽车服务 ...

Company Overview - The stock price of Shuanghuan Transmission reached 34.60 yuan as of August 5, 2025, with an increase of 0.27 yuan from the previous trading day [1] - The company specializes in the research and manufacturing of mechanical transmission gears, with applications in automotive, construction machinery, and agricultural machinery sectors [1] - The company operates within the automotive parts manufacturing industry, involving sub-sectors such as robotic actuators and reducers [1] Investment Activity - As of August 4, foreign investors held 213 million shares of Shuanghuan Transmission, accounting for 25.08% of the total share capital [1] - On August 5, the net inflow of main funds into Shuanghuan Transmission was 2.6968 million yuan, with a cumulative net inflow of 12.2938 million yuan over the past five trading days [1] Upcoming Events - The 2025 World Robot Conference is scheduled to take place in Beijing on August 8, showcasing the latest technological achievements in fields such as humanoid robots [1]

Company Overview - As of July 29, 2025, the stock price of Shuanghuan Transmission is reported at 33.99 yuan, down 1.13% from the previous trading day, with a trading volume of 499 million yuan [1] - The stock price fluctuated between 33.78 yuan and 34.36 yuan, with an amplitude of 1.69% [1] - Shuanghuan Transmission primarily engages in the research, development, manufacturing, and sales of mechanical transmission gears, with applications in automotive, construction machinery, shipping, and wind power sectors [1] - The company is classified within the automotive parts industry and also involves robotics-related concepts [1] Recent Developments - On the evening of July 29, Shuanghuan Transmission announced that its first extraordinary general meeting of shareholders in 2025 approved three proposals regarding the employee stock ownership plan for 2025, including the draft plan, management measures, and authorization for the board of directors to handle related matters [1] Financial Metrics - The net outflow of main funds on that day was 28.23 million yuan, accounting for 0.11% of the circulating market value [1] - The current price-to-earnings ratio (P/E) of the company is 26.10 times, and the price-to-book ratio (P/B) is 3.23 times [1]