本次募投的智能型高效风机建设项目，精准契合国家"双碳"战略与产业升级方向，市场前景广阔。根据 行业数据，2024年全球高速鼓风机市场规模达47.41亿元，预计2030年将增至63.93亿元，年均复合增长 率5.11%；智能变频(EC)风机市场规模已达156.26亿元，2030年有望突破226.75亿元，年均复合增长率 6.37%。公司此次募投产品聚焦高速离心鼓风机、智能变频高效风机及电池热管理系统，兼具智能化、 高效节能、低噪音等核心优势。 从市场价值来看，在北交所可转债体系持续完善的政策背景下，克莱特此次定向可转债发行具备独特优 势。北交所定向可转债初始转股价格不低于前一交易日均价120%，赎回条款灵活，为投资者提供了兼 具股权成长潜力与债权稳健收益的双重属性投资工具，且交易无涨跌幅限制，流动性优势显著。 克莱特表示，公司将以本次可转债发行为契机，持续强化技术创新与产能建设，深度挖掘双碳政策下的 行业机遇，进一步巩固在中高端通风设备领域的领先地位，不断提升公司核心竞争力与盈利能力，为广 大股东创造长期稳定的投资回报，也为我国高端装备制造业的发展贡献力量。 中证报中证网讯(记者张鹏飞)北交所上市公司克莱特1月 ...

Summary of Key Points from the Conference Call Company Overview - **Company**: 克莱特 (Kleit) - **Industry**: Gas Turbine Manufacturing, Data Center Cooling Solutions, Wind Power, Nuclear Power, Rail Transportation Core Business Insights - **Gas Turbine Market**: - Services major manufacturers like GE, Siemens, and Mitsubishi, with a focus on heavy-duty and aeroderivative gas turbines. Heavy-duty turbines are valued at approximately 1.5 million yuan per unit, while aeroderivative turbines use one unit [2][4]. - The gas turbine business is a significant revenue source, with a gross margin of around 33% and a net profit margin of 10% [3][16]. - **Order Backlog**: - Current orders are primarily scheduled for delivery in 2026, totaling nearly 20 million yuan. Future orders are expected to grow exponentially, particularly in overseas markets, with a delivery cycle of 6-8 months [2][5]. - **Overseas Business Growth**: - Anticipated to double, with higher profit margins compared to domestic markets [6]. Data Center Business - **Market Position**: - Focuses on precision air conditioning and cooling solutions, with a market share of 10%-20% among North American data center cooling suppliers. Collaborates with major clients like Meta and Google [9][11]. - Cost advantages of approximately 10% lower than competitors like EBM, with customized service offerings [11]. - **Future Prospects**: - Positive outlook for growth, with ongoing product development and competitive research [9][10]. Industry Dynamics - **Wind Power**: - Experienced a surge in installations but faces intense competition, leading to profit pressure. A recovery is expected by 2026 [14]. - **Rail Transportation**: - Currently performing well, with existing orders covering expectations for 2026. New models and battery assurance are areas of focus [17]. - **Nuclear Power**: - Steady approvals of about 10 units per year, indicating a sustainable market. Expected revenue from nuclear power to exceed 10 million yuan in 2025 [18]. Financial and Operational Insights - **Fixed Assets and Capacity**: - No ongoing construction projects; existing capacity utilization is high. New projects are expected to gradually release capacity over the next three years [16]. - **Convertible Bond Project**: - Progressing well, with funds expected to be in place before the Lunar New Year, leading to revenue generation starting in 2027 [22][27]. Market Expansion Strategies - **International Strategy**: - Plans to establish overseas assembly bases, including a factory in Vietnam, to enhance service and cost control [24]. - **Self-Manufacturing Plans**: - Gradual implementation of self-manufactured components, such as high-speed motors, to improve asset ratios and customer satisfaction [25]. Future Growth Areas - **Projected Growth Segments**: - Significant growth expected in nuclear power, shipping, and transformer industries, with selective engagement in wind power [26]. This summary encapsulates the key insights and projections from the conference call, highlighting the company's strategic direction and market positioning across various sectors.

Core Insights - Klete has evolved from selling fans to providing comprehensive cooling solutions, focusing on customer needs and technical challenges [2][5][9] - The company emphasizes a deep understanding of customer equipment conditions to offer customized cooling solutions, positioning itself as a key player in high-end industrial sectors [5][7] Company History and Development - Klete was founded in 1993, initially supplying cold chain fans to a local leader, establishing a strategy of close market proximity and collaboration with major clients [3][4] - The company has transitioned from a focus on individual products to integrated thermal management solutions across various industries, including rail transportation and offshore wind power [5][9] Innovation and Talent Management - Klete's management philosophy centers on understanding and respecting talent, with a unique employee structure that prioritizes engineers over sales personnel [6][7] - The company has successfully attracted top-tier talent, including a national-level expert, by providing a conducive environment for innovation and research [6][7] Financial Performance and Market Position - As of mid-2025, Klete holds a total order value of 577 million yuan, with significant contributions from ship engineering (40%) and nuclear power (24%) sectors [8] - The company faces production capacity challenges due to its reliance on skilled labor and the complexity of its custom orders, which may hinder delivery efficiency [8][9] Future Strategies - Klete plans to issue convertible bonds to raise approximately 200 million yuan for smart and efficient fan projects, aiming to enhance production flexibility and reduce labor dependency [9] - The company is also expanding into upstream manufacturing and comprehensive thermal management solutions, transitioning from a device manufacturer to an industrial service provider [9]

Core Insights - The company, Klate, exemplifies the dialectical unity of "cold" and "hot" in its operations, focusing on cooling technologies for industries like high-speed rail and nuclear power while fostering innovation and commitment to customer service [1][2] - Klate represents many "specialized and innovative" enterprises that thrive in less glamorous, upstream segments of the industrial chain, achieving excellence through decades of focused effort [1] - The company's approach aligns with China's "14th Five-Year Plan," emphasizing the integration of technological and industrial innovation, which is being actively pursued by numerous companies like Klate [1] Company Strategy - Klate's chairman, Sheng Junling, highlighted a long-term strategy where initial losses may occur, but the focus remains on technological accumulation and customer value, reflecting a commitment to "long-termism" [2] - The company’s strategy of maintaining a calm focus on its core business while embracing change with enthusiasm is seen as a microcosm of China's industrial upgrade [2]

Core Viewpoint - The company, Klate, has responded to the Beijing Stock Exchange regarding its issuance of convertible bonds, highlighting the successful outcomes of previous fundraising projects and the strategic focus of the new fundraising efforts on the intelligent and efficient wind turbine sector [1] Group 1: Previous Fundraising Projects - The previous fundraising project achieved a return of 124.45% on the committed benefits, with a total fundraising amount of 108 million yuan [2] - The original projects were adjusted due to strong market demand and space limitations, leading to the establishment of the "Industrial Thermal Management Equipment Industrialization Project (Phase I)" [2] - The project is expected to reach production by April 2025, with projected revenues of 228 million yuan and net profits of 12.51 million yuan for the first nine months of 2025 [2] Group 2: R&D Center Achievements - The "New Energy Equipment R&D Center Project" has also shown significant results, with a total investment of 43.41 million yuan and a completion rate of 101.37% [3] - The project has established several specialized laboratories, enhancing the company's technical research capabilities [3] - The R&D team has expanded from 108 to 188 members, with 27 new patent applications filed since 2024, including 15 granted patents [3] Group 3: New Fundraising Focus - The new fundraising plan aims to raise 200 million yuan, with 140 million yuan allocated for the "Intelligent High-Efficiency Wind Turbine Construction Project" and 60 million yuan for working capital [4] - The project will focus on high-end products such as high-speed centrifugal blowers and intelligent variable frequency high-efficiency fans, complementing previous projects without redundancy [4] - Upon reaching full production, the project is expected to generate annual revenues of 259 million yuan and achieve a post-tax internal rate of return of 16.60% [4] Group 4: Performance Metrics - From 2022 to 2024, the company is projected to have an average annual revenue growth rate of 11.95%, with revenues of 435 million yuan and net profits of 45.84 million yuan for the first nine months of 2025 [5] - The revenue structure is improving, with significant growth in sectors such as rail transportation (33.90% of revenue) and marine engineering (22.60%), while the new energy equipment sector is recovering steadily [5] - Management and R&D expenses are increasing in line with personnel expansion and project investments, consistent with the pace of business development [5]

Core Viewpoint - Shenzhen Zhongguang Nuclear Huilian No. 2 New Energy Equity Investment Partnership plans to reduce its stake in Klate (920689.BJ) by up to 880,800 shares, representing 1.20% of the total share capital, due to operational planning needs [2][5]. Group 1: Shareholder Information - Shenzhen Zhongguang Nuclear Huilian holds 4,404,000 shares, accounting for 6.00% of Klate's total shares, acquired before the listing on the Beijing Stock Exchange [4]. Group 2: Company Performance - Klate's main business includes the R&D, production, sales, and related maintenance services of ventilation and cooling equipment for rail transit, energy, nuclear power, marine engineering, and other high-end industrial ventilation products [5]. - For the first three quarters of 2025, Klate achieved revenue of 435 million yuan, a year-on-year increase of 9.56%; net profit attributable to shareholders was 48.318 million yuan, up 0.56%; and net profit excluding non-recurring items was 45.837 million yuan, an increase of 1.18% [5]. - The planned share reduction will not lead to changes in the controlling shareholder or actual controller and will not adversely affect the company's production and operations [5].

Group 1 - The core viewpoint of the news is that Krait (920689.BJ) has reported its Q3 2025 results, highlighting the significant presence of institutional investors in its A-shares, which collectively hold 64.81% of the total share capital [1] - As of October 28, 2025, a total of 8 institutional investors disclosed their holdings in Krait, amounting to 47.5673 million shares [1] - The proportion of institutional holdings has decreased by 0.68 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, there was an increase in holdings from one public fund, specifically the Southern North Exchange Selected Two-Year Open Mixed Fund, which saw a slight rise in its holding percentage [2] - A total of 10 public funds did not disclose their holdings in this period, including notable funds such as Dacheng North Exchange Two-Year Open Mixed A and Jiashi North Exchange Selected Two-Year Fixed Mixed A [2] Group 3 - The MACD golden cross signal has formed, indicating a positive trend for certain stocks [3]

Group 1 - The company Klete has received approval from the Beijing Stock Exchange for a specific issuance of convertible bonds [1] - The total amount of funds to be raised is not more than 200 million yuan [1] - The raised funds will be used for the construction of intelligent and efficient wind turbine projects and to supplement working capital [1]

证券代码：831689 证券简称：克莱特 公告编号：2025-111 威海克莱特菲尔风机股份有限公司 关于取得发明及实用新型专利证书的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别 及连带法律责任。 一、 基本情况 2025 年 9 月 19 日，威海克莱特菲尔风机股份有限公司(以下简称"公司")收到了由国家 知识产权局颁发的 1 项《发明专利证书》，具体信息如下： 发明名称: 一种液冷管路系统及其设计方法 专利号：ZL 2024 1 1758078.X 专利权人：威海克莱特菲尔风机股份有限公司、中车戚墅堰机车有限公司 授权公告日：2025 年 9 月 19 日 本专利提供一种液冷管路系统及其设计方法，液冷管路系统能够集成于机车动力电池 热管理装置中，结构紧凑，节省空间，并且能够解决管路排气效率不高、冷却液回流导致水 泵吸空等问题。 2025 年 9 月 19 日，威海克莱特菲尔风机股份有限公司(以下简称"公司")收到了由国家 知识产权局颁发的 1 项《实用新型专利证书》，具体信息如下： 发明名称: 膨胀水箱及应 ...

西南证券股份有限公司关于 威海克莱特菲尔风机股份有限公司 2025 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《北京证券交易所股票上市规则》 等有关法律法规、规范性文件等的规定，西南证券股份有限公司（以下简称"西 南证券"、"保荐机构"）作为威海克莱特菲尔风机股份有限公司（以下简称"克 莱特"、"公司"）的保荐机构，负责克莱特的持续督导工作，并出具 2025 年半年 度持续督导跟踪报告。 一、持续督导工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次 | 无 | | 数 | | | 2．督导公司建立健全并有效执行规章制度的 | | | 情况 | | | （1）是否督导公司建立健全规章制度（包 | 是 | | 括但不限于防止关联方占用公司资源的 | | | 制度、募集资金 管理制度、内控制度、 | | | 内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募 ...