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    Producer manufacturing

  3. •

    Industrial machinery
Zhejiang Shuanghuan Driveline Co., Ltd. Class A

Zhejiang Shuanghuan Driveline Co., Ltd. Class A

SSZSE:002472
41.03
CNY
+2.76
(+7.21%)
1.55EPS
28.19P/E
35.28BMarket Cap
Oct 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.77
2.28
2.45
2.63
3.92
4.68
4.96
5.72
7.6
8.58
9.59
10.46
10.83
11.03
Basic EPS, GAAP
0.12
0.22
0.24
0.28
0.36
0.29
0.12
0.08
0.46
0.73
0.97
1.22
1.5
1.47
Free Cash Flow per Basic Share
-0.25
-0.09
- -
-0.63
-1.77
-2.11
-0.34
0.26
-0.33
-0.52
0.36
-0.37
0.38
- -
Dividend per Share
0.06
0.09
0.11
0.08
0.15
0.21
0.26
0.23
0.17
0.24
0.17
0.19
0.5
0.5
Book Value per Share
2.6
2.7
4.95
4.45
4.91
5.23
5.23
5.2
6.27
8.64
9.33
10.4
11.79
12.23
Tangible Book Value per Share
2.5
2.6
4.83
4.22
4.6
4.88
4.89
4.86
5.93
8.08
8.72
9.74
11.11
11.56
Basic Weighted Avg Shares
561
556
570
663
674
673
653
640
709
797
842
839
841
849
Sales/Revenue/Turnover
991
1,266
1,397
1,743
2,639
3,151
3,236
3,664
5,391
6,838
8,074
8,781
9,112
9,369
Operating Margin (%)
10.22
12.52
12.36
10.56
11.54
9.47
8.26
7.83
10.37
11.56
12.92
15.39
17.63
17.39
Depreciation Expense
103
123
135
154
190
255
338
397
453
553
665
750
895
- -
Net Income, GAAP
67
122
137
186
243
195
78
51
326
582
816
1,024
1,262
1,251
Effective Tax Rate (%)
15.85
12.88
9.97
9.99
9.85
12.16
21.94
4.56
6.59
5.3
10.56
12.18
11.93
11.99
Profit Margin (%)
6.79
9.66
9.79
10.66
9.19
6.2
2.42
1.4
6.05
8.51
10.11
11.66
13.84
13.35
Working Capital
286
403
1,560
1,286
1,386
921
316
220
-218
1,804
1,539
1,243
1,088
1,194
LT Debt
18
53
31
130
1,219
1,811
1,699
1,623
527
1,164
614
554
287
441
Total Equity
1,448
1,553
2,852
3,014
3,412
3,682
3,682
3,676
4,993
7,484
8,338
9,238
10,510
10,920
Return on Invested Capital (%)
3.66
5.98
4.83
4.94
4.96
2.97
1.16
1.19
4.82
6.63
8.34
9.6
10.04
9.23
Return on Capital (%)
4.82
7.52
6.06
5.73
5.88
4.78
2.94
2.42
5.57
7.7
8.51
9.46
9.59
8.78
Return on Common Equity (%)
4.73
8.15
6.21
6.33
7.61
5.62
2.18
1.43
7.73
9.52
10.66
12.21
13.4
12.84

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,715
3,470
4,108
LT Borrowings
274
374
431
LT Finance Leases
13
12
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
850
850
850
Market Capitalization
40,288
30,606
35,283

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,440
8,482
9,465
Cash, Cash Equivalents & STI
2,712
2,806
3,330
Accounts Receivable, Net
2,758
2,665
2,942
Inventories
2,226
2,256
2,413
Total Current Liabilities
7,353
7,236
8,271
Payables & Accruals
- -
- -
- -
ST Debt
3,715
3,470
4,108
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.83%
24.34%
13.77%
Free Cash Flow
-10,811.67%
-147.91%
-204.72%
Net Income, GAAP
65.67%
140.85%
23.21%
Sales/Revenue/Turnover
21.61%
20.92%
3.77%
Total Cash Common Dividend
31.6%
38.65%
163.76%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,075
2,248
2,420
2,039
8,781
2025
2,065
2,164
- -
2,646
9,112
2026
2,095
2,463
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.3
0.32
0.34
1.22
2025
0.33
0.36
- -
0.43
1.5
2026
0.33
0.36
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.14
0.02
0.01
0.19
2025
0.03
0.25
- -
0.2
0.5
2026
0.04
0.02
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Zhang Min
Full Time Employees
8,982
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Hehe Building, Building 2 Hangzhou ZH China 311100
IPO Date
Sep 10, 2010
Website
gearsnet.com
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Business
Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) engages in the research, development, design, manufacturing, and sales of mechanical transmission gears and related components for global mechanical driveline systems. Founded in 1980 and headquartered in Hangzhou, Zhejiang Province, China, the company operates manufacturing bases and subsidiaries across multiple locations in China, including Jiaxing, Chongqing, and Jiangsu, as well as internationally in three countries with over a dozen facilities; its products serve diverse industries worldwide, including automotive OEMs such as Toyota, Volkswagen, ZF, Caterpillar, BYD, and BorgWarner, which account for more than 50% of revenue. Core offerings encompass passenger vehicle transmission gears including MT, AMT, DCT, CVT, AT, transfer cases, synchronizers, DHT, planetary gears, scissors gears, and engine timing rings; commercial vehicle gears such as engine, automatic transmission, and axle gears; new energy vehicle components like hybrid transmissions, pure electric drive motors, and reduction gears; off-road machinery gears for construction and agricultural equipment; industrial robot reducers; rail transit gears; wind turbine piston shafts; motorcycle and ATV gears including Haomai 50; power tool gears; and consumer and energy equipment applications. The company maintains a production capacity exceeding USD 1.4 billion annually, employs around 7,000 people, holds 440 patents, and contributes to 20 national and industry standards, positioning it as a leading global gear manufacturer focused on high-speed, low-noise, safe, and low-carbon solutions. Recent developments include the recognition of its holding subsidiary, Chongqing Shuanghuan Precision Technology Co., Ltd., with a high-tech enterprise certificate in early 2025 from Chongqing authorities, affirming advancements in precision manufacturing; establishment of long-term strategic partnerships with several prominent robot manufacturers to support growth in industrial robot reducers; strong 2024 financial performance with net profit rising 24.45%-26.9% year-over-year to RMB 1.016-1.036 billion, driven by high growth in electric vehicle gears; and ongoing global expansion highlighted by overseas factory operations, high-profile visits such as from Hungarian state officials in October 2025, and design awards at the 10th Good Design Awards in October 2025. Subsidiaries like Jiangsu Shuanghuan Gear, Shuanghuan Driveline (Jiaxing), Zhejiang Fine Motion Robot Joint Technology, and Evoring Precision Manufacturing Kft. bolster its multi-segment presence in vehicles, non-road machinery, rail transit, robotics, and emerging electrification trends.