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]

证券代码：832662 证券简称：方盛股份 公告编号：2025-104 一、 授权现金管理情况 （一）现金管理的审议情况 为提高闲置募集资金使用效率，公司于 2024 年 12 月 17 日召开第四届董事 会第七次会议、第四届监事会第七次会议，审议通过了《关于使用闲置募集资金 进行现金管理的议案》，公司拟使用不超过人民币 4,000.00 万元的闲置募集资 金进行现金管理，择机购买流动性好的结构性存款、大额存单、通知存款等能够 保障投资本金安全的产品。在前述额度内，资金可以循环滚动使用，任意时点进 行现金管理的募集资金金额不超过 4,000.00 万元，拟投资的产品期限最长不超 过 12 个月。本次使用闲置募集资金进行现金管理事宜自公司董事会审议通过之 日起 12 个月内有效。 具体内容详见公司在北京证券交易所信息披露平台（http://www.bse.cn/） 披露的《关于使用闲置募集资金进行现金管理的公告》（公告编号：2024-100）。 公司保荐机构华英证券有限责任公司出具了无异议的核查意见。 二、 本次现金管理情况 （一） 本次现金管理的基本情况 | 称 | 型 | 产品名称 | 元） | | 期限 ...

Core Viewpoint - Fangsheng Co., Ltd. (832662) experienced a decline of 5.66% today, with a turnover rate of 25.19% and a transaction volume of 226 million yuan, indicating significant trading activity and potential volatility in the stock [2] Trading Activity - The stock was listed on the Longhu list due to its daily turnover rate reaching 25.19%, with institutional net selling amounting to 3.58 million yuan [2] - The top five trading departments on the Longhu list had a total transaction volume of 46.90 million yuan, with buying amounting to 18.86 million yuan and selling at 28.04 million yuan, resulting in a net selling of 9.19 million yuan [2] - Among the trading departments, two institutional special seats were involved, with a total buying amount of 2.69 million yuan and selling amount of 6.28 million yuan, leading to a net selling of 3.58 million yuan [2] Historical Performance - Over the past six months, the stock has appeared on the Longhu list 26 times, with an average price increase of 1.31% the day after being listed and an average increase of 5.84% in the following five days [2]

Group 1 - Fangsheng Co., Ltd. (832662) experienced a significant increase of 10.64% in stock price, with a turnover rate of 39.37% and a total transaction amount of 369 million yuan, indicating high trading activity [2] - Institutional investors net bought 4.11 million yuan worth of shares, while brokerage seats collectively net sold 8.01 million yuan [2] - The stock has appeared on the "Dragon and Tiger List" 25 times in the past six months, with an average price increase of 1.60% the day after being listed and an average increase of 6.32% over the following five days [2] Group 2 - The top five trading departments accounted for a total transaction amount of 88.44 million yuan, with a buying amount of 42.27 million yuan and a selling amount of 46.17 million yuan, resulting in a net selling of 3.89 million yuan [2] - The leading buying department was Huaxi Securities, which purchased 17.23 million yuan worth of shares, while the top selling department was Guoxin Securities, which sold 11.63 million yuan [2] - The data indicates a strong interest from institutional investors, as one specialized institutional seat was involved in significant buying activity [2]

Group 1 - Fangsheng Co., Ltd. (832662) was listed on the Longhu list on September 11, 2025, with a closing price of 38.17 yuan [1] - The stock had a turnover rate of 39.37%, with a trading volume of 9.678 million shares and a transaction amount of 369 million yuan [1] - The top buying seat was Huaxi Securities Co., Ltd. Beijing Guangqu Road Securities Business Department, which purchased 17.226 million yuan worth of shares [2] Group 2 - The top selling seat was Guosen Securities Co., Ltd. Shenzhen Hongling Middle Road Securities Business Department, which sold shares worth 11.628 million yuan [2] - Other notable buying and selling activities included purchases from Caixin Securities and institutional investors, as well as significant sales from various securities firms [2]

Market Overview - On September 11, A-shares opened mixed with the Shanghai Composite Index up by 0.2%, Shenzhen Component Index up by 0.93%, and ChiNext Index up by 1.57% [2] - Sectors such as CPO, PCB, and pork showed significant gains [2] Liquid Cooling Server Sector - The liquid cooling server concept saw a continuous rise, with stocks like Yidong Electronics, Fangsheng Co., and Jiechuan Intelligent rising over 10% [3] - Notable performers included: - Fangsheng Co. at 39.76, up 15.25% - Jiechuan Intelligent at 30.84, up 15.16% - Yidong Electronics at 45.55, up 11.18% [4] Semiconductor Sector - The semiconductor sector experienced a rebound, with stocks like Saiwei Microelectronics hitting the daily limit and Haiguang Information rising over 10% [7] - Key stocks included: - Saiwei Microelectronics at 67.28, up 19.99% - Yuanjie Technology at 390.92, up 16.82% [8] - Other notable stocks included: - Haiguang Information at 205.22, up 11.51% - Dongxin Co. at 97.33, up 8.83% [9]

国联民生证券承销保荐有限公司 关于无锡方盛换热器股份有限公司 三、公司及股东承诺履行情况 | 公司及股东承诺事项 | 是否履 行承诺 | 未履行承诺的 原因及解决措 | | --- | --- | --- | | | | 施 | | 1、关于股份限售的承诺 | 是 | 不适用 | | 2、关于股份减持的承诺 | 是 | 不适用 | | 3、关于上市后三年内稳定股价的承诺 | 是 | 不适用 | | 4、关于填补回报措施能够切实履行的承诺 | 是 | 不适用 | | 5、关于因信息披露重大违规涉及回购新股、赔偿损失 | 是 | 不适用 | | 承诺 | | | | 6、关于未能履行承诺时的约束措施承诺 | 是 | 不适用 | | 7、关于同业竞争承诺 | 是 | 不适用 | | 8、关于规范关联交易的承诺 | 是 | 不适用 | | 9、关于遵守制度的承诺 | 是 | 不适用 | 四、其他事项 1、公司面临的重大风险事项 （1）宏观经济波动风险 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，国联民生证券承 销保荐有限公 ...

Core Viewpoint - Fangsheng Co., Ltd. experienced a significant decline of 6.87% in its stock price, with a trading volume of 2.14 billion yuan and a turnover rate of 23.34% on the day of reporting [2] Trading Activity - The stock was listed on the Longhu list due to its high turnover rate, with institutional investors net selling 3.5944 million yuan [2] - The top five trading departments had a total transaction volume of 55.2965 million yuan, with a buying amount of 23.9462 million yuan and a selling amount of 31.3504 million yuan, resulting in a net sell of 7.4042 million yuan [2] - Among the trading departments, one institutional special seat was involved, with a buying amount of 4.2748 million yuan and a selling amount of 7.8693 million yuan, leading to a net sell of 3.5944 million yuan [2] Historical Performance - Over the past six months, Fangsheng Co., Ltd. has appeared on the Longhu list 24 times, with an average price increase of 1.58% the day after being listed and an average increase of 6.66% in the following five days [2]

（记者 张喜威） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每日经济新闻 每经讯，2025年8月25日，北交所上市公司方盛股份（832662，收盘价：39.69元）登上龙虎榜，交易方式是连续竞价，披露原因 是当日换手率达到21.48%，成交数量528.11万股，成交金额2.09亿元。买一席位为国信证券股份有限公司深圳红岭中路证券营业 部，买入724.53万元；卖一席位为东方财富证券股份有限公司拉萨金融城南环路证券营业部，卖出511.2万元。 | | 2025-08-25方盛股份（832662） 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | नेट ग | 国信证券股份有限公司深圳红岭中路证券营业部 | 7245308.44 | 1018451.58 | | 买2 | 机构专用 | 5391954.58 | 2701389.22 | | 买3 | 国金证券股份有限公司深圳分公司 | 5103511.71 | 310793.32 | | ने प | 中信建投证券股份有 ...