金融界消息 截至2025年8月20日收盘，铂力特（688333）报收于80.77元，上涨4.9%，换手率5.45%，成 交量14.80万手，成交金额11.88亿元。 通过天眼查大数据分析，西安铂力特增材技术股份有限公司共对外投资了8家企业，参与招投标项目 1034次，知识产权方面有商标信息84条，专利信息550条，此外企业还拥有行政许可132个。 来源：金融界 资金流向方面，今日主力资金净流入1.15亿元，占比成交额9.71%。其中，超大单净流入1.29亿元、占 成交额10.86%，大单净流出1361.01万元、占成交额1.15%，中单净流出流出6622.38万元、占成交额 5.58%，小单净流出4908.85万元、占成交额4.13%。 铂力特最新一期业绩显示，截至2025一季报，公司营业总收入2.27亿元、同比增长7.30%，归属净利润 1495.02万元，同比减少1661.37%，扣非净利润2701.60万元，同比减少89.99%，流动比率2.012、速动比 率1.479、资产负债率37.95%。 天眼查商业履历信息显示，西安铂力特增材技术股份有限公司，成立于2011年，位于西安市，是一家以 从事软件和信 ...

Summary of Conference Call on 3D Printing Liquid Cooling Technology Industry Overview - The conference discusses the liquid cooling industry, particularly focusing on 3D printing technology's application in cooling systems for high-performance computing and AI workloads [1][2][3]. Key Points and Arguments - **Adoption of Liquid Cooling Solutions**: Starting in 2024, companies like NVIDIA are adopting the OCP ORV3 single-sided cold plate liquid cooling solution due to its industry support and large-scale delivery capabilities, marking a shift from traditional immersion cooling methods [1][2]. - **3D Printing Advantages**: 3D printing technology is suitable for manufacturing microchannels and complex geometries in liquid cooling systems, which traditional CNC machining struggles to achieve. This technology can significantly reduce thermal and flow resistance, enhancing cooling efficiency [1][5]. - **Performance Metrics**: A single board can achieve a water flow rate of 150 liters per minute while maintaining temperature control within 4 kilowatts [1][5]. - **High Technical Barriers**: The 3D printing liquid cooling plate technology has high barriers to entry, requiring advanced laser control, specific processing techniques, and dedicated manufacturing equipment. Companies that master these technologies will have a significant first-mover advantage [1][9]. - **China's Supply Chain Strengths**: China's supply chain in the cooling sector excels in materials, processes, and large-scale production capabilities. Successful companies often focus on specific segments and possess substantial production capacity [10]. - **Profitability and Cost Dynamics**: The profitability of liquid cooling companies is closely tied to their scale. The ability to achieve mass production with new processes and materials is crucial. In the AI computing sector, while the value of liquid cooling systems is relatively low, they are essential for enhancing the stability of core IP performance [13][22]. Additional Important Insights - **Emerging Technologies**: The year 2025 is anticipated to be a pivotal year for liquid cooling applications, with ongoing research into phase change cooling plates and hybrid cooling solutions [2][3]. - **Market Pricing**: The recognized price for liquid cooling materials in the AI sector is approximately $300 per kilowatt, with a typical liquid cooling plate valued at over $40,000 [22]. - **Competitive Landscape**: Companies like Zhuanshan Precision and Platinum are exploring 3D printing applications in cooling systems, although they face challenges in precision and technology advancement [6][7][23]. - **Integration and OEM Roles**: Integrators and OEM manufacturers play a crucial role in the supply chain by assembling various components into complete modules, which helps create barriers to entry for competitors [11]. - **Consumer Goods Influence**: The transfer of capabilities from the consumer goods sector to the server domain is seen as beneficial, leveraging scale and cost advantages to address technical challenges in high-heat environments [25][26]. This summary encapsulates the critical insights from the conference call, highlighting the evolving landscape of the liquid cooling industry and the pivotal role of 3D printing technology.

天眼查商业履历信息显示，西安铂力特增材技术股份有限公司，成立于2011年，位于西安市，是一家以 从事软件和信息技术服务业为主的企业。企业注册资本27176.8196万人民币，实缴资本6000万人民币。 公司法定代表人为薛蕾。 通过天眼查大数据分析，西安铂力特增材技术股份有限公司共对外投资了8家企业，参与招投标项目 1034次，知识产权方面有商标信息84条，专利信息550条，此外企业还拥有行政许可132个。 金融界消息 截至2025年8月19日收盘，铂力特（688333）报收于77.0元，上涨0.42%，换手率3.89%，成 交量10.58万手，成交金额8.13亿元。 资金流向方面，今日主力资金净流出1169.27万元，占比成交额1.44%。其中，超大单净流出2213.15万 元、占成交额2.72%，大单净流入1043.88万元、占成交额1.28%，中单净流出流入1113.23万元、占成交 额1.37%，小单净流入56.04万元、占成交额0.07%。 铂力特最新一期业绩显示，截至2025一季报，公司营业总收入2.27亿元、同比增长7.30%，归属净利润 1495.02万元，同比减少1661.37%，扣非净利润2 ...

Core Viewpoint - The company is actively participating in the rapidly growing commercial aerospace industry in China, leveraging its metal 3D printing technology to support various aerospace clients in their missions [1] Group 1: Company Involvement in Commercial Aerospace - The company has indicated that its share in the commercial aerospace sector is significant, as it has assisted multiple clients such as Blue Arrow Aerospace, Oriental Space, Jiuzhou Cloud Arrow, Interstellar Glory, and Starry Sky Space in completing launch and flight missions [1] - Several commercial aerospace projects that the company is involved in have entered the mass production stage, highlighting its role in the industry's expansion [1] Group 2: Industry Growth and Technology Advantage - The commercial aerospace industry in China is experiencing rapid development, creating opportunities for companies that can provide advanced manufacturing solutions [1] - The inherent advantages of metal 3D printing technology in processing large, complex, and high-temperature resistant components position the company favorably within this growing market [1]

（记者 王晓波） 铂力特（688333.SH）8月19日在投资者互动平台表示，铂力特三四期均已开工，四期E地块已于2024年 12月竣工，公司正积极推动相关建设工作，项目进度会在定期报告中予以披露。 每经AI快讯，有投资者在投资者互动平台提问：请问公司三期、四期何时投产？投产后订单是否能匹 配产能？ ...

Group 1 - The core point of the article is that Xi'an Boli Tech Additive Manufacturing Co., Ltd. has obtained a patent for a "powder bed protective airflow forming device," which is significant in the field of additive manufacturing [1] - The patent was granted with the announcement number CN223222471U, and the application date was June 2024 [1] - The device includes a blowing guide component, a first suction port, and a second suction port, designed to deliver protective airflow into the forming chamber [1] Group 2 - Xi'an Boli Tech Additive Manufacturing Co., Ltd. was established in 2011 and is located in Xi'an, primarily engaged in software and information technology services [1] - The company has a registered capital of 271.768196 million RMB [1] - According to data analysis, the company has invested in 8 enterprises, participated in 1,032 bidding projects, and holds 84 trademark records and 550 patent records [1]

Group 1 - The AMAC General Equipment Index (AMAC General, H30061) experienced a decline of 1.38%, closing at 2359.98 points, with a trading volume of 86.789 billion yuan [1] - Over the past month, the AMAC General Equipment Index has increased by 13.71%, by 13.10% over the last three months, and has risen by 30.93% year-to-date [1] - The index is based on the classification guidelines from the China Securities Association and includes 43 industry classification indices [1] Group 2 - The top ten holdings of the AMAC General Equipment Index include: Sanhua Intelligent Control (5.93%), Shanghai Electric (5.1%), Hengli Hydraulic (3.96%), Robot (2.48%), Dongfang Electric (2.36%), Goldwind Technology (2.06%), Mingyang Smart Energy (2.06%), Zongshen Power (1.63%), Plutotech (1.55%), and Green Harmonic (1.48%) [1] - The market share of the AMAC General Equipment Index holdings is 56.21% from the Shenzhen Stock Exchange and 43.79% from the Shanghai Stock Exchange [1] Group 3 - In terms of industry composition, the AMAC General Equipment Index is comprised of 89.43% industrial sector, 9.08% consumer discretionary, and 1.49% information technology [2]

（文章来源：证券日报） 证券日报网讯 8月13日晚间，铂力特发布公告称，公司第三届董事会第二十一次会议审议通过了《关于 调整2020年限制性股票激励计划授予价格、授予数量的议案》等多项议案。 ...

（文章来源：每日经济新闻） 铂力特8月13日晚间发布公告称，公司第三届第二十一次董事会会议于2025年8月13日在公司会议室以现 场结合通讯方式召开。会议审议了《关于公司2020年限制性股票激励计划首次授予部分第四个归属期符 合归属条件的议案》等文件。 ...

Core Viewpoint - The Compensation and Assessment Committee of Xi'an BoLite Technology Co., Ltd. has reviewed and approved the fourth vesting list of the 2020 Restricted Stock Incentive Plan and the third vesting list of the reserved grant, confirming that the eligible participants meet the necessary qualifications and conditions [2][3]. Group 1: Fourth Vesting List of Initial Grant - A total of 88 participants are included in the fourth vesting list of the initial grant, with 85 participants meeting the qualifications as per relevant laws and regulations, while 1 participant received a grade of C and 2 participants received a grade of B for two consecutive years [2][3]. - The number of restricted stocks corresponding to this vesting is 2.062802 million shares [3]. Group 2: Third Vesting List of Reserved Grant - The third vesting list of the reserved grant includes 50 participants, with 48 meeting the qualifications, while 1 participant has left the company and 1 participant received a grade of B for two consecutive years [3]. - The number of restricted stocks corresponding to this vesting is not specified in the provided text [3].