据介绍，方盛股份自2008年进入风力发电板块换热器和换热系统领域，积累了深厚的技术底蕴和客户基 础。该公司2025年半年报显示，换热系统销售收入本年较上年增加17.73%，换热器销售收入增加 16.87%，主要原因是内销市场有风电领域客户需求订单增加及储能领域新客户开发新品批量转化为订 单销售额增加。方盛股份有关人士预计，2026年公司风电板块订单量将在2025年基础上继续增长。 据上述人士介绍，2025年以来，随着风电机型大型化、老机型退役更新或存量替代、"沙戈荒"基地加速 投产、深远海风电项目落地、以及风电出口前景向好等因素影响，陆上风电和海上风电装机需求呈现增 长态势，受益于此，方盛股份该领域的订单量增长较大，新增订单主要以国内业务为主。 2025年1月27日，国家发展改革委、国家能源局联合印发《关于深化新能源上网电价市场化改革促进新 能源高质量发展的通知》（发改价格〔2025〕136号，简称"136号文件"），136号文件明确了新能源上 网电价全面市场化改革路径，推动新能源（风电和太阳能发电）全电量入市，并要求各地在2025年底之 前出台并实施具体方案。据介绍，136号文件确定建立新能源可持续发展价格 ...

Core Viewpoint - Fangsheng Co., Ltd. announced the approval of several proposals during its 15th meeting of the 4th Board of Directors, including anticipated related party transactions for 2026, the use of idle funds for financial products, and a bank credit application [2] Group 1 - The company approved a proposal regarding expected related party transactions for the year 2026 [2] - A resolution was passed to utilize idle self-owned funds for purchasing financial products [2] - The company also approved a proposal to apply for a credit limit from a bank [2]

（原标题：方盛股份龙虎榜数据（12月25日）） 方盛股份（920662）今日上涨2.33%，全天换手率27.04%，成交额2.18亿元，振幅10.73%。龙虎榜数据显示，机构净买入92.17万元，营业部席位 合计净买入1858.77万元。 北交所公开信息显示，当日该股因日换手率达27.04%上榜，机构专用席位净买入92.17万元。 证券时报•数据宝统计显示，上榜的前五大买卖营业部合计成交6099.15万元，其中，买入成交额为4025.04万元，卖出成交额为2074.10万元，合计 净买入1950.94万元。 具体来看，今日上榜的营业部中，共有1家机构专用席位现身，即卖二，买入金额486.83万元，卖出金额394.66万元，合计净买入92.17万元。 近五日涨跌:3.79% 市盈率: 67.26倍 近半年该股累计上榜龙虎榜28次，上榜次日股价平均涨1.23%，上榜后5日平均涨5.47%。（数据宝） 方盛股份12月25日交易公开信息 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 中信证券（山东）有限责任公司邹城凫山 ...

（原标题：方盛股份龙虎榜数据（12月24日）） 方盛股份(920662)今日上涨5.11%，全天换手率30.89%，成交额2.54亿元，振幅14.27%。龙虎榜数据显示，机构净买入133.48万元，营业部席位合 计净卖出215.14万元。 北交所公开信息显示，当日该股因日换手率达30.89%上榜，机构专用席位净买入133.48万元。 证券时报•数据宝统计显示，上榜的前五大买卖营业部合计成交4275.42万元，其中，买入成交额为2096.88万元，卖出成交额为2178.54万元，合计 净卖出81.66万元。 具体来看，今日上榜的营业部中，共有2家机构专用席位现身，即买三、买五，合计买入金额621.74万元，卖出金额488.26万元，合计净买入 133.48万元。 近半年该股累计上榜龙虎榜27次，上榜次日股价平均涨1.19%，上榜后5日平均涨5.59%。（数据宝） 方盛股份12月24日交易公开信息 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 国信证券股份有限公司厦门湖滨北路证券营业部 | 460.05 | 0.0 ...

Core Insights - Fangsheng Co., Ltd. (stock code: 920662) was featured on the trading leaderboard on December 24, 2025, due to a turnover rate of 30.89% and a trading volume of 7.795 million shares, amounting to a transaction value of 254 million yuan [1][2]. Trading Activity Summary - The top buying seat was from Guosen Securities Co., Ltd. Xiamen Hubin North Road Securities Business Department, with a purchase amount of approximately 4.60 million yuan [1][2]. - The top selling seat was from Guosen Securities Co., Ltd. Shenzhen Internet Branch, with a selling amount of approximately 4.44 million yuan [1][2]. - Other notable buying and selling activities included: - Dongfang Caifu Securities Co., Ltd. Lhasa Tuanjie Road Second Securities Business Department bought approximately 3.89 million yuan and sold about 2.75 million yuan [2]. - Institutional investors also participated significantly, with one buying seat acquiring approximately 3.86 million yuan and selling about 2.52 million yuan [2].

Core Viewpoint - The company announced that its wholly-owned subsidiary, Guangzhou Shisheng Intelligent Technology Co., Ltd., has received a patent certificate from the National Intellectual Property Administration for an invention related to home device networking methods and systems based on dynamic programming algorithms [1] Group 1 - The patent is titled "Home Device Networking Method and System Based on Dynamic Programming Algorithm" [1]

Core Viewpoint - Wuxi Fangsheng Heat Exchanger Co., Ltd. (stock code: 920662.BJ) confirmed its ongoing collaboration with VeChain Technology, primarily in the fields of wind power, data centers, and hydrogen energy, but stated that it has not supplied products to NVIDIA as of now [1][1][1] Company Overview - Fangsheng was established on January 16, 2007, and went public on the Beijing Stock Exchange on November 28, 2022 [1] - The company specializes in the research, design, production, and sales of heat exchangers and heat exchange systems, serving clients globally across various sectors including engineering machinery, new energy systems, and rail transportation [1][1] Industry Context - VeChain Technology is identified as a direct supplier of NVIDIA's artificial intelligence computing liquid cooling products, indicating a significant relationship within the tech and cooling solutions industry [1]

Core Viewpoint - The event "Capital 'X' Gravitational Innovation High Ground" highlighted the growing interest in Wuxi-listed companies, particularly in the heat exchanger sector, driven by the national "dual carbon" goals and emerging fields like renewable energy and data centers [1] Company Summary - Fangsheng Co., as a key player in the heat exchanger industry, has garnered significant attention from investors during the event [1] - The company’s chairman, Ding Yunlong, emphasized the rapid growth in demand for heat exchangers, especially in new energy and data center applications, indicating a broad industry outlook [1] - Fangsheng Co. reported a strong growth momentum in shipment volumes within the data center sector during the first three quarters, showcasing its potential in emerging markets [1] - The company’s fundraising projects are progressing smoothly, with expectations to reach operational status by the end of 2025, which could generate an annual output value of approximately 460 million yuan upon full production, laying a solid foundation for future growth [1]

证券代码：832662 证券简称：方盛股份 公告编号：2025-105 无锡方盛换热器股份有限公司 关于使用自有资金购买理财产品的进展公告 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，没有虚假记载、 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、 授权委托理财情况 2、披露标准：根据《北京证券交易所股票上市规则》中相关规定，交易的 成交金额占上市公司最近一期经审计净资产的 10%以上且超过 1000 万元的应 当予以披露；上市公司连续 12 个月滚动发生理财的，以该期间最高余额为成交 额，适用上述标准。截至 2025 年 9 月 30 日，公司自有资金购买的理财产品未到 期余额为 3,000.00 万元（含本次已购买理财），达到上述披露标准，现予以披 露。 二、 本次委托理财情况 | | | | 受托方 | 产品类 | 产品名称 | 产品金 额（万 | 预计年 化收益 | 产品期 | 收益 | 投资方 | 资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 型 | | | ...

Group 1: Industry Overview - The computing power industry is categorized into three main types: basic computing power, intelligent computing power, and supercomputing power, with intelligent computing power seeing rapid demand growth due to AI applications [12][15][19] - The computing power industry chain includes upstream hardware production (chips, devices, energy), midstream integration and delivery (data centers), and downstream applications across various sectors such as finance and AI [13][18] Group 2: Growth of Computing Power in China - China's intelligent computing power is projected to reach 1,037.3 EFLOPS by 2025 and 2,781.9 EFLOPS by 2028, with a compound annual growth rate (CAGR) of 46.2% from 2023 to 2028 [19][20] - General computing power in China is expected to reach 85.8 EFLOPS by 2025 and 140.1 EFLOPS by 2028, with a CAGR of 18.8% during the same period [20] Group 3: Increasing Demand for Computing Hardware - The CPU market in China is estimated to grow from approximately 216.03 billion yuan in 2024 to 248.4 billion yuan in 2025, reflecting a year-on-year growth of 6.47% [23][24] - The GPU market is projected to increase from about 107.3 billion yuan in 2024 to 120 billion yuan in 2025, with a significant year-on-year growth of 32.96% [26][29] - The server market is expected to grow from approximately 249.21 billion yuan in 2024 to 282.35 billion yuan in 2025, showing a year-on-year increase of 41.25% [35][37] Group 4: Liquid Cooling Market Development - The IT energy consumption of AI data centers is projected to reach 77.7 TWh in 2025, doubling from 2023, and is expected to grow to 146.2 TWh by 2027, with a CAGR of 44.8% from 2022 to 2027 [36] - By 2028, it is anticipated that 60% of data centers will adopt innovative solutions such as microgrids and liquid cooling systems to address energy constraints and sustainability [36] Group 5: Company Profiles - Fangsheng Co., Ltd. focuses on the research, design, production, and sales of heat exchangers and systems, with its revenue composition in the first half of 2025 being 68.57% from plate heat exchangers and 28.45% from heat systems [42][44] - Wanyuantong Co., Ltd. specializes in the research, production, and sales of printed circuit boards, with its revenue composition in the first half of 2025 being 43.54% from multilayer boards, 29.70% from double-sided boards, and 18.72% from single-sided boards [55][57] Group 6: Financial Performance of Companies - In 2024, Fangsheng Co., Ltd. achieved a revenue of 347 million yuan, a year-on-year increase of 1.10%, while in the first half of 2025, it reported a revenue of 180 million yuan, up 15.41% [48] - Wanyuantong Co., Ltd. reported a revenue of 1.043 billion yuan in 2024, a year-on-year increase of 5.96%, and 541 million yuan in the first half of 2025, reflecting a growth of 16.40% [60]