证券代码：000404 证券简称：长虹华意 公告编号：2025-047 长虹华意压缩机股份有限公司 第十届董事会 2025 年第七次临时会议决议公告 1.会议通知时间与方式 长虹华意压缩机股份有限公司（以下简称"公司"）第十届董事会 2025 年第七 次临时会议通知于 2025 年 8 月 20 日以电子邮件形式送达全体董事。 2.会议召开的时间、地点和方式 （1）会议于 2025 年 8 月 25 日以通讯方式召开。 （2）董事出席会议情况：本次会议应参与表决的董事 9 人，实际参与表决的董 事 9 人。 （3）本次会议由董事长杨秀彪先生主持，董事肖文艺先生、史强先生、王勇先 生、马伴先生、陈思远先生、任世驰先生、林嵩先生、邓富民先生以通讯表决方式出 席了本次董事会。 （4）会议列席人员：公司监事及高级管理人员。 （5）本次会议召开符合有关法律、行政法规、部门规章、规范性文件和公司章 程的规定。 二、董事会会议审议情况 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 经与会董事充分讨论，以书面投票方式通过了以下议案： 1．审议通过《关 ...

Market Overview - The home appliance parts sector experienced a decline of 0.68% on August 21, with Hongchang Technology leading the drop [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Individual Stock Performance - Notable gainers included: - Xiangqiang Co., Ltd. (300160) with a closing price of 6.49, up 1.88% on a trading volume of 516,900 shares and a turnover of 332 million [1] - Sanhua Intelligent Control (002050) closed at 30.81, up 1.48% with a trading volume of 1,472,500 shares and a turnover of 451.3 million [1] - Major decliners included: - Hongchang Technology (301008) which fell by 6.43% to a closing price of 28.67, with a trading volume of 226,700 shares and a turnover of 662 million [2] - Hejing Technology (300279) decreased by 5.84% to 8.38, with a trading volume of 435,400 shares [2] Capital Flow Analysis - The home appliance parts sector saw a net outflow of 607 million from institutional investors, while retail investors had a net inflow of 689 million [2] - The capital flow for individual stocks showed: - Sanhua Intelligent Control (002050) had a net inflow of 106 million from institutional investors [3] - Xiangqiang Co., Ltd. (300160) experienced a net inflow of 41.78 million from institutional investors [3]

Core Points - Shandong Airlines has officially launched a dedicated cargo route from Qingdao to Tokyo, marking a significant step in deepening its presence in the Japan-Korea air cargo market [1][4] - The new route utilizes a Boeing 737-800 freighter, with an initial cargo capacity of 18 tons on its maiden flight [1] - This route enhances the air logistics network between China and Japan, facilitating more efficient trade and economic exchanges between the two countries [1][3] Industry Impact - Qingdao Jiaodong International Airport serves as a key air gateway for the Shandong Peninsula, providing efficient support for the new route through a seamless air-ground connection [3] - The launch of this route significantly boosts the international cargo capabilities of Qingdao Jiaodong Airport, strengthening logistics ties between the Shandong Peninsula and the Pacific Rim economic circle [3] - The route is expected to provide "next-day delivery" logistics solutions for industries such as electronics and high-end manufacturing, contributing to the stability of supply chains [4] Strategic Significance - The new cargo route is a practical implementation of the "China-Japan-Korea Land-Sea-Air Transport Corridor" and the "Transportation Power" strategy, promoting the dual circulation of domestic and international markets [4] - Shandong Airlines plans to increase the frequency of its Japan-Korea cargo routes, aiming to establish the Tokyo route as a "golden channel" for China-Japan economic and trade exchanges [4]

Financial Performance - The company's after-tax operating profit and EBIT increased from approximately 200 million to over 400 million between 2021 and 2022, resulting in ROE rising from 1% in 2021 to 6% in 2022 [1] - The net profit excluding non-recurring gains rose from 30 million to 220 million during the same period, attributed to improved product structure and operational management [1] - The decrease in inventory write-down losses and the decline in raw material prices also positively impacted profitability [1] Sales and Market Position - Despite a decline of 610,000 units in compressor sales from 2021 to 2022, revenue continued to increase, indicating improved market competitiveness and higher product prices [2] - The company is focusing on enhancing the proportion of high-value-added products, such as commercial and variable frequency compressors, to improve average selling prices [2] Strategic Initiatives - The establishment of a manufacturing facility in Mexico aims to mitigate the impacts of U.S. tariff policies, with the plant already in mass production for North American clients [2] - The company is actively monitoring changes in tariff policies and is prepared to adapt strategies to maintain healthy growth [2] Regulatory Impact - The implementation of the 2025 energy efficiency standards for refrigerators is expected to favor high-efficiency products, prompting the company to increase investments in variable frequency technology [3] Client Base - Key clients for the company's new energy vehicle air conditioning compressors include SAIC-GM-Wuling, Yijiete, and Dongfeng Motor, with ongoing efforts to expand the customer base [3] Investor Engagement - The online earnings presentation on August 19, 2025, aimed to provide a convenient platform for investors to engage and understand the company's operational status and future plans [4]

格隆汇8月15日丨长虹华意(000404.SZ)在互动平台表示，制造算力中心（数据中心）的液冷设备是指专 门用于为高性能计算（HPC）、人工智能（AI）训练、区块链挖矿等场景下的服务器和芯片提供高效散 热的技术装备。而公司主营全封闭活塞压缩机业务和新能源汽车空调压缩机业务，主要应用于冰箱冰柜 和新能源汽车空调。公司没有从事算力中心液冷设备相关业务。 ...

Core Viewpoint - The company, Changhong Huayi, confirmed that it is not engaged in the production of liquid cooling equipment for data centers, despite inquiries suggesting otherwise. The company focuses on closed piston compressor business and air conditioning compressors for electric vehicles, primarily used in refrigerators and electric vehicle air conditioning systems [1]. Group 1 - The company has a technological advantage in the refrigeration field and is actively exploring liquid cooling-related businesses [1]. - The liquid cooling heat dissipation plate has achieved mass production, with a power density of 3.0 kW/L, which is a 50% improvement over traditional solutions [1]. - The liquid cooling products have been certified by Huawei and Sungrow Power Supply [1]. Group 2 - The liquid cooling equipment mentioned is specifically designed for high-performance computing (HPC), artificial intelligence (AI) training, and blockchain mining scenarios [1]. - The company does not engage in the business of liquid cooling equipment for data centers [1].

Core Viewpoint - Changhong Huayi clarified that its main business focuses on fully enclosed piston compressors and air conditioning compressors for new energy vehicles, and it does not manufacture liquid cooling equipment for computing power centers [2] Company Summary - The company specializes in fully enclosed piston compressor business [2] - The company also engages in the new energy vehicle air conditioning compressor business [2] - The company does not produce liquid cooling equipment for computing power centers [2]

Market Overview - The home appliance components sector experienced a decline of 2.09% on August 14, with Haili Co. leading the drop [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Stock Performance - Kangsheng Co. saw a significant increase of 9.93%, closing at 4.65, with a trading volume of 866,400 shares and a turnover of 401 million [1] - Haili Co. reported a substantial decline of 10.01%, closing at 22.75, with a trading volume of 1,995,000 shares and a turnover of 461 million [2] - Other notable performers included Xing Shuai Er, which increased by 2.79%, and Shunwei Co., which rose by 2.22% [1] Capital Flow - The home appliance components sector experienced a net outflow of 1.143 billion in main funds, while retail investors saw a net inflow of 1.068 billion [2] - The table of capital flow indicates that Kangsheng Co. had a net inflow of 1.47 million from main funds, while retail investors had a net outflow of 8.22 million [3] Individual Stock Analysis - Kangsheng Co. had a main fund net inflow of 1.47 million, accounting for 36.74% of its total, while retail investors had a net outflow of 8.22 million [3] - Haili Co. faced a significant main fund net outflow of 10.01%, indicating a strong sell-off [2] - Other companies like Yichang Technology and Shunwei Co. also showed mixed capital flows, with varying levels of net inflows and outflows from different investor categories [3]

Core Viewpoint - Changhong Huayi (000404.SZ) focuses on the production of fully enclosed piston compressors and air conditioning compressors for new energy vehicles, and does not manufacture liquid cooling equipment for computing power centers [1] Company Summary - The company specializes in fully enclosed piston compressor business [1] - The company also engages in the air conditioning compressor business specifically for new energy vehicles [1] - The company clarifies that it does not produce liquid cooling equipment for computing power centers [1]

Core Insights - Shandong Airlines has successfully completed the full production of its self-service kiosk system, becoming the first airline in China's civil aviation industry to achieve comprehensive domestic production of such systems [1][6] - This achievement marks a significant advancement in the application of key information technology in civil aviation, setting a new benchmark for the industry's autonomous and controllable development [1][6] Group 1: System Features - The self-service kiosk system provides essential ground services such as check-in, itinerary printing, ticket changes, and upgrades, enhancing passenger convenience and travel efficiency [3] - The system strictly adheres to national information technology application innovation strategies, utilizing domestically produced hardware and operating systems, including the domestic Feiteng processor and the Galaxy Kirin operating system [3] - The system has passed the national mandatory product certification (3C certification) and complies with the strict technical specifications and safety standards of the civil aviation industry [3] Group 2: Strategic Importance - The successful launch of the self-service kiosk system represents a significant outcome of the company's digital transformation and its commitment to the construction of smart civil aviation [6] - This initiative aligns with the national strategy for autonomous and controllable technology, demonstrating the company's responsibility towards supply chain security [6] - Shandong Airlines aims to continue leading the industry by exploring domestic technology application scenarios and promoting core technology innovation in civil aviation information systems [6]