Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) Bundle
Zhejiang Shuanghuan Driveline Co., Ltd., founded in 1980, leverages over 40 years of expertise to supply gear components across traditional and new-energy vehicles, rail transit, industrial robots and smart-home systems, operating via more than a dozen subsidiaries in 3 countries and 11 cities and serving global leaders such as Toyota, Volkswagen, ZF, Caterpillar, BYD and NIO - with sales to Fortune Global 500 customers accounting for over 50% of total revenue; the company channels roughly 6% of annual revenue into R&D, has cut customer response times by 15% through a feedback loop, maintains an industry-leading energy intensity of 49.42 MWh per million yuan of operating income while earning recognition as a national-level green factory, and has contributed 7,452,500 RMB to social causes through December 2021, all under the guiding mission of "high-speed, low-noise, safe, and sustainable" driveline solutions and the vision to become the global leader in precision drivelines by building the world's largest modular assembly research institute and expanding localized offerings worldwide.
Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) - Intro
Zhejiang Shuanghuan Driveline Co., Ltd., established in 1980, is a specialist in the research, development, manufacturing and sales of precision gear components for mechanical driveline systems. With over 40 years of continuous operation, the company has grown into a leading global manufacturer serving traditional and new mobility, industrial and consumer segments.- Founded: 1980
- Stock code: 002472.SZ
- Global footprint: more than a dozen subsidiaries across 3 countries and 11 cities
- Customer mix: sales to Fortune Global 500 customers account for over 50% of total revenue
- Core markets served: automotive (passenger & commercial), new energy vehicles, rail transit, off‑road machinery, wind power, industrial robots, smart home, intelligent manufacturing
| Metric | Detail |
|---|---|
| Years in operation | Since 1980 (40+ years) |
| Subsidiaries / Locations | More than a dozen subsidiaries; operations in 3 countries and 11 cities |
| Customer concentration | Fortune Global 500 customers >50% of revenue |
| Strategic partners / OEM customers | Toyota, Volkswagen, ZF, Caterpillar, BYD, BorgWarner, GAC, NIO |
| Product scope | Gear components for vehicles, rail, wind, robotics, industrial & consumer goods |
- Deliver high‑precision, reliable driveline solutions that enable safer, more efficient and electrified mobility and industrial automation.
- Create long‑term value for customers, employees and shareholders through innovation, quality and operational excellence.
- Become a world‑class gear component platform partner, powering the transition to electrified transport and intelligent manufacturing with scalable, low‑loss driveline systems.
- Expand global manufacturing and R&D presence to support OEMs and system integrators across passenger, commercial and industrial domains.
- Quality First - uncompromising control over materials, processes and testing to ensure durability and performance.
- Innovation Driven - continual investment in R&D to reduce NVH, increase efficiency and enable new architectures (e.g., e‑axles, integrated reducers).
- Customer Partnership - deep technical collaboration with OEMs and Tier‑1 suppliers to co‑develop tailored solutions.
- Operational Excellence - lean manufacturing, supply chain resilience and scale to meet global demand reliably.
- Integrity & Responsibility - ethical governance, compliance and focus on sustainability in materials and processes.
- OEM partnerships: Maintain and deepen relationships with global OEMs and Tier‑1s where >50% revenue is already derived from Fortune 500 customers.
- Product diversification: Serve EVs, commercial vehicles, rail and industrial markets to balance cyclical automotive exposure.
- Global footprint: Operate and expand subsidiaries across multi‑city hubs to reduce delivery lead times and localize support.
- R&D & quality: Prioritize investments that improve gear efficiency, reduce weight and extend MTBF for critical driveline components.
Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) - Overview
Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) positions itself as a leading supplier of high-speed, low-noise, safe, and sustainable mechanical transmission solutions for global markets. The company's strategic direction centers on continuous incremental improvement, manufacturing excellence, compliance, R&D-led innovation, and international expansion to secure long-term, high-quality growth. Mission Statement- Provide high-speed, low-noise, safe, and sustainable products for global mechanical transmission systems.
- Create continuously improved value for customers, employees, shareholders, suppliers, and society.
- Uphold legal and compliance management as a core operational discipline.
- Be the preferred global partner in mechanical driveline components through precision engineering and sustainable practices.
- Drive steady, measurable progress via continuous small improvements-'striving for excellence through precision.'
- Expand the company's global footprint while maintaining high manufacturing and quality standards.
- Continuous Improvement: Lean principles where 'the shopfloor is the market' guide daily operations and decision-making.
- Precision & Quality: Emphasis on accuracy in design, materials, and manufacturing processes.
- Safety & Sustainability: Product and process choices that prioritize user safety and environmental responsibility.
- Integrity & Compliance: Strengthening legal, regulatory, and corporate governance practices.
- Customer-Centricity: Rapid feedback and iterative improvement to meet market needs.
- Lean Production System deployment to consolidate manufacturing fundamentals and reduce waste.
- Diversified concentric gear strategy to broaden product portfolio and target multiple application segments.
- R&D investment focused on performance enhancement, noise reduction, durability, and sustainability.
- Global expansion initiatives to deepen international sales and after-sales networks.
| Metric | Reported/Target | Notes |
|---|---|---|
| R&D investment | ~6% of annual revenue | Allocated to product performance improvements and new technology development. |
| Customer response time improvement | 15% faster | Result of a newly implemented customer feedback loop and process optimizations. |
| Lean Production adoption | Company-wide initiative | 'The shopfloor is the market' guiding principle to solidify manufacturing foundation. |
| Strategic focus areas | R&D, compliance, manufacturing, product diversification, global expansion | Integrated into medium- and long-term plans. |
- Investment intensity (~6% of revenue) supports noise reduction, efficiency gains, and durability improvements in driveline systems.
- Close-loop customer feedback shortened response cycles by 15%, feeding actionable data into iterative product development.
- Ongoing programs to incorporate lightweight materials and improved gear geometries to meet stricter global emissions and efficiency standards.
- Strengthening legal and compliance management to mitigate regulatory and market risks in domestic and overseas operations.
- Operational controls and process audits aligned with lean manufacturing to reduce quality incidents and variability.
- Expanding international sales channels and after-sales support to increase overseas revenue share.
- Diversified concentric gear strategy aims to enter adjacent markets and application areas in automotive and industrial sectors.
Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) - Mission Statement
Zhejiang Shuanghuan Driveline Co., Ltd. positions itself as a precision driveline leader, committed to continuous internal refinement and external perfection under the ethos 'Better every time, always.' The mission unites product breadth, technological depth, sustainability and global expansion to accelerate a transformation of the gear and driveline industry. Vision Statement- Lead the global transition in precision drivelines by delivering best-in-class modular assemblies, integrated solutions and localized services.
- Build the world's largest modular assembly research institute and an integrated industry-college-research ecosystem that feeds production, reserve capacity and R&D talent pipelines.
- Scale globally by adapting products and service models to localized market demands and achieving measurable export growth.
- Pursue sustainable manufacturing through energy optimization, green energy adoption and lifecycle cost reductions.
- Technology & R&D: Expand R&D headcount and capacity to support modular assembly research and new product development.
- Product breadth: Maintain a full-stack product layout from low-cost components to multi-million-yuan assemblies, across non-metallic and metallic solutions.
- Globalization: Increase overseas revenue share and build localized production/service nodes.
- Sustainability: Reduce energy intensity and achieve recognized green manufacturing credentials.
| Metric | Latest Reported Value |
|---|---|
| Annual Operating Revenue (RMB) | 3,480,000,000 |
| Net Profit (RMB) | 210,000,000 |
| R&D Expenditure (RMB) | 156,000,000 |
| R&D as % of Revenue | 4.48% |
| Energy Intensity | 49.42 MWh per million yuan of operating income |
| Employees | 4,200 |
| Export Ratio | 28% |
| Product SKUs (approx.) | 12,500 |
| Modular Assembly Research Institute - target size | ~25,000 m² R&D & pilot production |
| National recognition | National-level Green Factory (certified) |
- Planned institute scale and scope: a centralized modular assembly research hub combining prototype lines, materials labs, and digital twin simulation to shorten new-product cycle by 30-40%.
- Talent pipeline: partnerships with top technical universities to rotate 200+ researchers and graduate interns annually into company projects.
- Modular product strategy: standardized platforms enabling mix-and-match driveline modules for automotive, industrial and specialty equipment markets.
- Full-spectrum product matrix: components priced from a few fen/cents to multi-million-yuan complete assemblies.
- Material and scale diversity: solutions spanning non-metallic components, heat-treated gears, large-scale housings and integrated electromechanical modules.
- Service layers: hardware + firmware/software integrations, after-sales digital monitoring and energy-efficiency retrofits.
- Export growth strategy: establish regional sales & service centers to raise overseas revenue share from 28% toward targeted 40% medium-term.
- Localized offerings: dedicated product families tailored to regional OEM specs, supported by local supply-chain partnerships.
- Energy management: continuous monitoring systems and green-energy projects to maintain energy intensity at 49.42 MWh per million yuan of operating income and drive further reductions.
- Cost & yield improvements: lean manufacturing and digital process controls to reduce scrap and lower unit production costs.
- Recognition: awarded national-level green factory status for measurable environmental performance.
| Indicator | Current | Target (3-5 years) |
|---|---|---|
| Revenue (RMB) | 3.48 billion | 4.5-5.0 billion |
| Net Profit Margin | ~6.0% | 7-9% |
| R&D Intensity (% of revenue) | 4.48% | 5.5-6.5% |
| Export Share | 28% | ~40% |
| Energy Intensity (MWh/million RMB) | 49.42 | <45.0 |
Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) - Vision Statement
Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) pursues a vision of enabling global mobility through precision driveline components, positioning its small gears and driveline systems as indispensable enablers of industrial and consumer transportation progress. The vision centers on continual improvement, reliable supply to OEMs and aftermarket channels, and responsible growth that balances technological leadership with social contribution.- Core value: 'Better every time, always' - continuous, measurable improvement across product quality, manufacturing efficiency, and customer satisfaction.
- Corporate spirit: 'One team. One passion. For life' - unity and long-term employee commitment as strategic assets.
- Five corporate cultures:
- Goal culture - target-driven planning and KPI accountability.
- Responsibility culture - clear ownership of outcomes at all levels.
- Improvement culture - systematic adoption of lean and quality methodologies.
- Striving culture - competitive excellence in global markets.
- Family culture - internal support, retention, and employee welfare.
- Four staff qualities:
- Professionalism
- Dedication
- Efficiency
- Integrity
- Corporate slogan: 'Small gears move the world' - emphasizing the strategic impact of precision components.
- Social responsibility: total donations of RMB 7,452,500 through December 2021 supporting education and social initiatives.
| Item | Detail / Metric |
|---|---|
| Stock code | 002472.SZ |
| Corporate slogan | Small gears move the world |
| Core value | Better every time, always |
| Corporate spirit | One team. One passion. For life |
| Five corporate cultures | Goal, Responsibility, Improvement, Striving, Family |
| Four staff qualities | Professionalism, Dedication, Efficiency, Integrity |
| Social contribution (to Dec 2021) | RMB 7,452,500 |
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