据天眼查APP显示，西安铂力特增材技术股份有限公司成立于2011年07月06日，注册资本27432.2174万 人民币。（数据宝） 铂力特11月5日大宗交易平台出现一笔成交，成交量6.93万股，成交金额500.35万元，大宗交易成交价为 72.20元。该笔交易的买方营业部为中国中金财富证券有限公司简阳金融街证券营业部，卖方营业部为 中国国际金融股份有限公司北京建国门外大街证券营业部。 进一步统计，近3个月内该股累计发生2笔大宗交易，合计成交金额为1192.25万元。 证券时报·数据宝统计显示，铂力特今日收盘价为72.20元，下跌1.77%，日换手率为1.65%，成交额为 3.28亿元，全天主力资金净流出2620.28万元，近5日该股累计下跌7.55%，近5日资金合计净流出2194.32 万元。 两融数据显示，该股最新融资余额为12.58亿元，近5日减少747.32万元，降幅为0.59%。 11月5日铂力特大宗交易一览 | 成交量 | 成交金 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | 额（万 | 格 | 折溢价（%） | ...

13只科创板股大宗交易平台今日发生交易，合计成交4.76亿元。 科创板股11月5日大宗交易概况 | 代码 | 简称 | 成交笔 | 大宗交易数量 | 平均成交价格 | | 相对收盘价折溢价 | 大宗交易金额 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 数 | （万股） | （元） | | （%） | （万元） | | 688012 | 中微公 司 | 3 | 102.00 | 269.43 | -8.20 | | 27481.86 | | 688711 | 宏微科 技 | 1 | 243.00 | 23.71 | -6.17 | | 5761.53 | | 688326 | 经纬恒 润 | 1 | 37.50 | 83.46 | -15.89 | | 3129.75 | | 688050 | 爱博医 疗 | 1 | 41.14 | 63.50 | 0.00 | | 2612.29 | | 688206 | 概伦电 子 | 10 | 84.60 | 30.00 | -14.02 | | 2538.00 | | 688519 | 南亚新 材 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 11月5日，铂力特收跌1.77%，收盘价为72.20元，发生1笔大宗交易，合计成交量6.93万股，成交金额 500.35万元。 第1笔成交价格为72.20元，成交6.93万股，成交金额500.35万元，溢价率为0.00%，买方营业部为中国中 金财富证券有限公司简阳金融街证券营业部，卖方营业部为中国国际金融股份有限公司北京建国门外大 街证券营业部。 进一步统计，近3个月内该股累计发生2笔大宗交易，合计成交金额为1192.25万元。该股近5个交易日累 计下跌7.55%，主力资金合计净流出2406.26万元。 责任编辑：小浪快报 ...

11月4日，铂力特盘中下跌2.00%，截至10:19，报73.50元/股，成交1.79亿元，换手率0.88%，总市值 201.63亿元。 资金流向方面，主力资金净流入2032.11万元，特大单买入1842.25万元，占比10.30%，卖出2067.17万 元，占比11.56%；大单买入5877.22万元，占比32.87%，卖出3620.19万元，占比20.24%。 资料显示，西安铂力特增材技术股份有限公司位于陕西省西安市高新区上林苑七路1000号，成立日期 2011年7月6日，上市日期2019年7月22日，公司主营业务涉及提供金属增材制造(3D打印)与再制造技术 全套解决方案。主营业务收入构成为：3D打印定制化产品及技术服务63.33%，3D打印设备、配件及技 术服务27.89%，3D打印原材料8.78%。 铂力特所属申万行业为：机械设备-通用设备-其他通用设备。所属概念板块包括：3D打印、卫星导航、 机器人概念、北斗导航、消费电子等。 铂力特今年以来股价涨86.93%，近5个交易日涨1.27%，近20日跌3.12%，近60日涨16.95%。 机构持仓方面，截止2025年9月30日，铂力特十大流通股东中，香港 ...

Investment Rating - The report suggests that cold plate liquid cooling is expected to become the mainstream cooling solution for data centers, with significant potential in 3D printing for liquid cooling plate manufacturing [5]. Core Insights - Cold plate liquid cooling is anticipated to dominate the data center cooling market due to its higher efficiency compared to traditional air cooling, especially as GPU power design continues to increase [1][12]. - The liquid cooling market in China is projected to grow significantly, reaching 184 billion yuan in 2024 and 1.3 trillion yuan by 2029, with a compound annual growth rate (CAGR) of 48% [20][22]. - 3D printing technology is identified as the optimal manufacturing route for liquid cooling plates, offering advantages such as design freedom and cost-effectiveness compared to traditional machining methods [2][54]. - Microchannel liquid cooling plates are becoming a new trend, with 3D printing further enhancing their performance by allowing for complex designs that improve heat dissipation [3][66]. - The report highlights the challenges and breakthroughs in 3D printing of copper materials, which are crucial for effective heat transfer in liquid cooling applications [4][80]. Summary by Sections 1. Cold Plate Liquid Cooling as a Mainstream Solution - The cooling process in data centers can be categorized into air cooling and liquid cooling, with liquid cooling being more efficient due to its higher heat transfer capabilities [12][18]. - Cold plate liquid cooling, as an indirect cooling method, does not require direct contact with liquids, making it more operationally feasible and widely applicable [28][33]. 2. 3D Printing as the Optimal Manufacturing Technology - 3D printing offers unique advantages over traditional machining, such as the ability to create complex geometries and reduce production costs [2][54]. - The technology allows for continuous optimization of flow channel designs, which significantly impacts the cooling performance of liquid cooling plates [60][64]. 3. Emerging Trends in Microchannel Liquid Cooling - Microchannel liquid cooling plates are defined by their small channel diameters, which enhance heat transfer efficiency, and 3D printing is expected to play a crucial role in their production [3][67]. - The report notes that traditional manufacturing methods face limitations in producing microchannel structures, making 3D printing a more viable option [71][79]. 4. Investment Recommendations - The report recommends focusing on companies with strong technological capabilities in metal 3D printing, particularly those specializing in copper 3D printing [5][97]. - Specific companies highlighted include Nanfeng Co., Ltd., Plitec, and Huazhu High-Tech, which are actively engaged in the development and production of 3D printed liquid cooling plates [97].

Investment Rating - The report maintains a "Buy" rating for the company, indicating expected strong performance relative to the market [8][7][8]. Core Insights - The company reported a significant revenue increase of 46.47% year-on-year for the first three quarters of 2025, reaching 1.161 billion yuan, driven by expansion into new markets such as commercial aerospace, robotics, and consumer electronics [8][4]. - The net profit for the same period surged by 234.83% year-on-year to 156 million yuan, reflecting improved profitability due to a decrease in expense ratios and an increase in gross margin [8][4]. - The company is actively expanding its production capacity and market reach, particularly in high-margin sectors like aerospace, which is expected to sustain rapid revenue growth in the coming years [8][7]. Financial Data and Profit Forecast - For 2025, the company is projected to achieve a total revenue of 1.827 billion yuan, with a year-on-year growth rate of 37.8% [7]. - The forecasted net profit for 2025 is 208 million yuan, representing a 99.2% increase compared to the previous year [7]. - The gross margin is expected to remain strong at 43.6% for 2025, with a return on equity (ROE) projected to reach 4.2% [7][8].

2025年三季度，铂力特营业收入为11.61亿元，行业排名17/51，行业第一名巨星科技为111.56亿元，第二名 宗申动力95.83亿元，行业平均数为13.51亿元，中位数为7.39亿元；净利润为1.56亿元，行业排名15/51，行 业第一名巨星科技22.11亿元，第二名宗申动力7.77亿元，行业平均数为1.41亿元，中位数为5733.43万元。 资产负债率高于同业平均，毛利率高于同业平均 偿债能力方面，2025年三季度铂力特资产负债率为42.68%，去年同期为30.49%，高于行业平均的38.24%。 从盈利能力看，2025年三季度毛利率为43.48%，去年同期为40.65%，高于行业平均的26.36%。 董事长薛蕾薪酬188.45万元，同比增加26.95万元 实际控制人为折生阳、薛蕾。董事长兼总经理薛蕾出生于1980年11月，博士研究生学历，担任多个行业协 会委员、理事等职。他曾任职于西北工业大学，历任西工大副教授，西安晶屹金属材料监事，西安铂力特 激光成形常务副总经理等职。2017年6月至今，历任公司董事兼总经理、董事长兼总经理。其薪酬2024年 为188.45万，2023年为161.5万，同比增加2 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, with total revenue reaching 1.16 billion yuan, a year-on-year increase of 46.47%, and net profit attributable to shareholders of 156 million yuan, up 234.83% year-on-year [1][8] - The improvement in profitability is attributed to the expansion of the company's core business and enhanced operational efficiency, with a gross margin of 43.48%, up from 40.65% in the previous year [8] - The company's asset structure remains robust, with a debt ratio of 42.68%, reflecting prudent financial leverage while expanding operations [8] Financial Performance Summary - Total revenue projections for 2025-2027 are 1.70 billion yuan, 2.39 billion yuan, and 3.14 billion yuan, respectively, with corresponding net profits of 238 million yuan, 355 million yuan, and 441 million yuan [1][9] - The company’s earnings per share (EPS) are forecasted to be 0.87 yuan, 1.29 yuan, and 1.61 yuan for 2025, 2026, and 2027, respectively [1][9] - The report indicates a positive trend in cash flow, with a net cash flow from operating activities of -207 million yuan, showing improvement compared to the previous year [8]

Market Overview - The general equipment sector increased by 1.09% on October 29, with Tiangang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Top Gainers in General Equipment Sector - Tiangang Co., Ltd. (code: 920651) closed at 54.40, up 20.73% with a trading volume of 39,400 lots and a transaction value of 194 million [1] - Rongyi Precision (code: 920223) closed at 22.55, up 16.54% with a trading volume of 206,500 lots and a transaction value of 439 million [1] - Tonghui Electronics (code: 920509) closed at 43.59, up 12.61% with a trading volume of 132,300 lots and a transaction value of 533 million [1] - Other notable gainers include Riyue Ming (code: 300906) and Dingtai Gaoke (code: 301377), with increases of 12.14% and 12.03% respectively [1] Top Losers in General Equipment Sector - Weilon Co., Ltd. (code: 002871) closed at 15.29, down 7.72% with a trading volume of 155,600 lots and a transaction value of 242 million [2] - Haitai Cold Chain (code: 603187) closed at 14.31, down 4.02% with a trading volume of 222,200 lots and a transaction value of 317 million [2] - Yindu Co., Ltd. (code: 603277) closed at 18.16, down 3.86% with a trading volume of 67,600 lots and a transaction value of 121 million [2] Capital Flow Analysis - The general equipment sector saw a net inflow of 298 million from institutional investors, while retail investors experienced a net outflow of 258 million [2][3] - Major stocks like Huadong CNC (code: 002248) and Ningbo Jingda (code: 603088) had significant net inflows from institutional investors, amounting to 163 million and 144 million respectively [3] - Conversely, retail investors showed net outflows in several stocks, including Huadong CNC and Ningbo Jingda, indicating a shift in investor sentiment [3]

存货、预付款、合同负债较年初高增，业务规模或持续扩大截至25Q3 期末，公司存货/预付款项/合同 负债分别为14.50/0.88/1.53 亿元，较年初增加75.30%/94.76%/125.30%，或彰显下游需求高景气，公司积 极备产备货。公司积极募投扩产突破产能瓶颈，E 地块2024 年12 月竣工进入设备安装及调试阶段，公 司预计建成后将全面提升在航空航天、工业等应用领域的批量化生产能力，对公司未来成长提供保障。 铂力特发布三季报： 25Q3 实现营收4.94 亿元（ yoy+120.94%，qoq+12.24%），归母净利7943.52 万元 （yoy+447.30%，qoq-12.96%）。 2025Q1-Q3 实现营收11.61 亿元（yoy+46.47%），归母净利1.56 亿元（yoy+234.83%），扣非净利1.09 亿元（yoy+1966.73%）。25Q3 业绩同比高增，我们看好公司民品领域渗透率持续提升，叠加军工新一 轮需求落地后，公司有望实现长期高成长，维持"买入"评级。 下游领域持续开拓，单季度盈利能力大幅改善 2025Q3 单季度公司营收同比增长120.94% ， 归母净利润同 ...