According to disclosures by the Hong Kong Stock Exchange on September 24, Shuanglin Co.,Ltd. (Shuanglin Co.,Ltd. (300100.SZ)) submitted a listing application to the main board of the HKEX, with CITIC Securities and GF Securities serving as joint sponsors.
The prospectus shows that Shuanglin Co.,Ltd. is a globally leading manufacturer of transmission drive intelligent components. With strong innovation and manufacturing capabilities, the company provides high-quality products to domestic and international automotive markets, including (i) transmission drive intelligent components, comprising transmission components, new energy drive systems and wheel hub bearing components; and (ii) interior and exterior trims. Among these, the transmission drive intelligent components business represents the company's strategic focus.
Beyond automotive components such as transmission components, new energy powertrain systems and wheel hub bearing components, the company has also successfully extended its product portfolio to key components for humanoid robot transmission drive systems and the low-altitude economy sector, leveraging technological commonalities and process compatibility.
According to Frost & Sullivan data, based on 2024 revenue, Shuanglin Co.,Ltd. is (i) the world's second-largest automotive seat horizontal drive mechanism ("HDM") supplier with a global market share of 15.1%, and China's largest automotive seat HDM supplier with a market share of 32.8%; (ii) the world's ninth-largest wheel hub bearing supplier with a global market share of 2.2%, and China's third-largest wheel hub bearing supplier with a domestic market share of 6.9%; and (iii) the world's largest small new energy vehicle electric drive manufacturer, with global and Chinese market shares of 6.4% and 9.5% respectively.
Financially, for the years 2022, 2023, 2024, and the six-month periods ended June 30, 2024 and 2025, Shuanglin Co.,Ltd. achieved revenues of approximately RMB 4.185 billion, RMB 4.139 billion, RMB 4.91 billion, RMB 2.103 billion, and RMB 2.525 billion respectively. During the same periods, annual/period profits were RMB 75.909 million, RMB 81.938 million, approximately RMB 498 million, approximately RMB 249 million, and approximately RMB 287 million respectively.
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