"New Stocks" Mainland automotive seat HDM leader Shuanglin applies for H-share listing

The listing documents from the Stock Exchange show that Shuanglin (300100.SZ) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and GF Securities as joint sponsors.

The prospectus indicates that Shuanglin is a manufacturer of intelligent components for drive systems. The company provides high-quality products to domestic and international automotive markets, such as intelligent drive components, including drive assemblies, new energy drive systems, and hub bearing components; as well as interior and exterior decorations. Among these, the intelligent drive components business is the company's strategic focus. Additionally, the company is extending its product portfolio to key components of humanoid robot drive systems and the low-altitude economy sector.

Based on 2024 revenue, Shuanglin is (i) the second-largest supplier of automotive seat horizontal drive motors (HDM) globally, with a market share of 15.1%, and is also the largest supplier of automotive seat HDMs in China, with a market share of 32.8%.

In terms of finances, for the six months ending June 30 of this year, the company reported revenue of 2.525 billion RMB; profit of approximately 287 million RMB