On September 29, Guotai Junan's research report pointed out that Zhejiang Shuanghuan Driveline (002472.SZ)'s performance forecast for the third quarter of 2024 is in line with expectations, steadily advancing globalization, continuously expanding into new businesses, and opening up new growth opportunities. According to the performance forecast, it is expected to achieve a net profit attributable to the mother of 0.25-0.27 billion yuan in 3Q24, a year-on-year growth of 13.2%-22.3%, and a non-net profit attributable to the mother of 0.242-0.262 billion yuan, a year-on-year growth of 15.8%-25.4%. With the drive from new energy, Asia Vets executive institutions, and other businesses, the company continues its growth trend. The company has expanded various intelligent executive institution products through Intelligent Drive Technology, achieving comprehensive coverage from power transmission to intelligent execution components, extending and expanding its product line. In addition, the company is building a production base in Hungary, entering and consolidating the Europe market, accelerating the development of overseas supply chains and sales channels, with the overseas layout gradually improving and accelerating global expansion. The company was given a 27x PE valuation for 2024, maintaining a target price of 33.04 yuan, and a "shareholding" rating.