Overview of Guarantee Situation - Zhejiang Yongtai Technology Co., Ltd. has approved a total guarantee amount not exceeding RMB 430 million for certain subsidiaries, which can be reused for financing from various banks and institutions [2] - The guarantee limit is divided into RMB 200 million for subsidiaries with a debt-to-asset ratio not exceeding 70% and RMB 230 million for those exceeding 70% [2] - The company can adjust the guarantee amounts among subsidiaries, with specific conditions for those exceeding the 70% debt-to-asset ratio [2] Progress of Guarantee - The company has provided a guarantee of RMB 11 million for its wholly-owned subsidiary, Zhejiang Yongtai New Energy Materials Co., Ltd. [3] - This guarantee does not involve related transactions or counter-guarantees and is within the approved limit from the shareholders' meeting [3] Main Content of Guarantee Agreement - The guaranteed party is Zhejiang Yongtai New Energy Materials Co., Ltd., with a guarantee amount of RMB 11 million [3] - The guarantee is a joint liability guarantee with a term of three years from the debt performance deadline [3] - The guarantee covers principal, interest, penalties, and all related costs incurred due to the debtor's default [3] Board of Directors' Opinion - The board believes that the financial risks associated with this guarantee are manageable and will not affect the company's normal operations [6] - The financing for the subsidiary is necessary for daily operations and aligns with the company's overall development strategy [6] - There are no overdue guarantees or litigation related to guarantees, and the total guarantee amount is RMB 320.18 million, which is 119.86% of the company's latest audited net assets [6]

Core Viewpoint - Yongtai Technology (002326) announced that the company and its controlling subsidiaries do not provide guarantees to entities outside the scope of the consolidated financial statements, nor do they have overdue guarantees, guarantees involved in litigation, or guarantees resulting in adverse judgments [1] Group 1 - The company confirmed the absence of guarantees to entities outside the consolidated financial statements [1] - There are no overdue guarantees reported by the company [1] - The company is not involved in any litigation related to guarantees [1]

浙江永太科技股份有限公司 证券代码：002326 证券简称：永太科技 公告编号：2025-087 关于为子公司提供担保的进展公告 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、担保情况概述 浙江永太科技股份有限公司（以下简称"公司"）经 2025 年 5 月 19 日召开 的 2024 年年度股东大会审议通过，同意公司对纳入合并报表范围内的部分子公 司提供累计总额不超过人民币 430,000 万元的担保，该担保额度可循环使用，即 为其向国内各类银行及其他机构的融资（包括但不限于人民币/外币贷款、银行 承兑、信用证开证、进出口押汇、打包贷款、银行保函、融资租赁等）提供连带 责任保证。其中对资产负债率未超过 70%的部分子公司提供担保额度不超过 200,000 万元，对资产负债率超过 70%的部分子公司提供担保额度不超过 230,000 万元。担保额度可在子公司之间进行调剂，但在调剂发生时，资产负债率超过 70%的担保对象，仅能从资产负债率超过 70%的担保对象处获得担保额度。担保 方式包括但不限于保证、抵押、质押，具体担保金额及保证期间按具体合同约定 执行 ...

Core Insights - The development of AI has led to significant power consumption issues, making liquid cooling solutions increasingly essential for data centers and high-density computing environments [1] - The Chinese liquid cooling server market is projected to reach $2.37 billion in 2024, representing a year-on-year growth of 67.0%, and is expected to grow to $3.39 billion in 2025, with a compound annual growth rate (CAGR) of 46.8% from 2024 to 2029, ultimately reaching $16.2 billion by 2029 [1] - The demand for liquid cooling fluids is also expected to surge alongside the growth of the liquid cooling market [1] Liquid Cooling Fluids - Various options for liquid cooling fluids are available, with glycol, propylene glycol, and water being predominant in cold plate cooling, while oil, silicone, and fluorinated liquids are used in immersion cooling [2] - Fluorinated liquids are becoming a critical component in both immersion and cold plate cooling systems due to their surface tension, insulation properties, and material compatibility, especially in high-power density AI server applications [2] - The exit of 3M from the market presents growth opportunities for domestic companies in the high-performance fluorinated liquid segment [2] Investment Recommendations - The rise of AI has created significant power and cooling challenges, positioning liquid cooling as a vital solution, with liquid cooling fluids expected to grow rapidly [2] - Companies that are early entrants into the liquid cooling supply chain are likely to benefit, with specific recommendations to focus on firms such as Dongyangguang, Xinzhoubang, Runhe Materials, Juhua Co., Yonghe Co., Haohua Technology, Jinshi Resources, Dongyue Group, Yongtai Technology, Huayi Group, Sanmei Co., Unity Co., Bayi Shikong, Changlan Technology, Xin'an Co., and Jitai Co. [2]

Group 1 - The company and its wholly-owned subsidiary, Binhai Meikang Pharmaceutical Co., Ltd., provided a guarantee of 95 million yuan for the credit of its wholly-owned subsidiary, Zhejiang Yongtai New Energy Materials Co., Ltd. [2][4] - The guarantee does not involve related transactions and there are no counter-guarantee situations [2] - The guarantee amount is within the limit approved at the company's 2024 annual general meeting held on May 19, 2025 [2] Group 2 - The guaranteed party, Zhejiang Yongtai New Energy Materials Co., Ltd., was established on December 25, 2002, with a registered capital of 330 million yuan [3] - The company operates in the manufacturing of electronic special materials and basic chemical raw materials, among other activities [3] - Yongtai New Energy is not a dishonest executor [5] Group 3 - The main content of the guarantee agreement includes a principal amount of 95 million yuan, with a guarantee period of three years from the maturity of the main contract [8][10] - The guarantee covers principal, interest, penalties, damages, and other payments necessary for the creditor to realize their rights [8][10] Group 4 - The board of directors believes that the financial risks associated with the guarantee are within the company's control and will not affect normal operations [12] - The financing for the subsidiary is necessary for daily operations and aligns with the company's overall development strategy [12] Group 5 - As of the announcement date, the total amount of guarantees provided to subsidiaries is 3.2917656 billion yuan, accounting for 123.23% of the company's most recent audited net assets [13] - There are no overdue guarantees or guarantees involving litigation [13]

Group 1 - The core point of the article highlights that Yongtai Technology (SZ 002326) announced a guarantee balance of approximately 3.292 billion RMB for its subsidiaries, which accounts for 123.23% of the company's latest audited net assets [1] - As of the announcement date, Yongtai Technology's market capitalization is 23.3 billion RMB [1] - For the first half of 2025, Yongtai Technology's revenue composition is as follows: industrial segment accounts for 68.92%, trade segment for 30.87%, and other businesses for 0.21% [1]

证券代码：002326 证券简称：永太科技 公告编号：2025-086 浙江永太科技股份有限公司 关于公司及子公司为子公司提供担保的公告 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、担保情况概述 为满足全资子公司浙江永太新能源材料有限公司（以下简称"永太新能源"） 的经营需求，浙江永太科技股份有限公司（以下简称"公司"）及全资子公司滨 海美康药业有限公司（以下简称"滨海美康"）为其本金 9,500 万元的授信提供 担保。以上担保事项不涉及关联交易，也不存在反担保情形。 公司为永太新能源提供的 9,500 万元担保额度在公司 2025 年 5 月 19 日召开 的 2024 年年度股东大会审议通过的额度范围内，详见公司于 2025 年 4 月 28 日 在《证券时报》《中国证券报》《上海证券报》《证券日报》及巨潮资讯网 （http://www.cninfo.com.cn）披露的《关于为子公司提供担保额度的公告》（公 告编号：2025-033），具体担保额度使用情况如下： 单位：万元 注册资本：33,000 万元 经营范围：一般项目：电子专用材料制造；基础 ...

Group 1 - The lithium battery sector is experiencing significant fluctuations, with companies such as Xinwangda, Hongyuan Pharmaceutical, and Aolian Electronics seeing declines of over 10% [1] - More than ten stocks, including Mofangduo, Tianhua New Energy, Shenzhen New Star, Yongtai Technology, and Huasheng Lithium Battery, have dropped by over 5% [1]

Market Overview - The Shanghai Composite Index rose by 0.10% on December 26, with 19 out of the 28 sectors experiencing gains. The top-performing sectors were non-ferrous metals and electric equipment, with increases of 3.69% and 1.40% respectively. The basic chemical industry saw a rise of 0.60%. Conversely, the electronic and light industry sectors faced declines of 0.71% and 0.61% respectively [1] Capital Flow Analysis - The main capital flow showed a net outflow of 23.28 billion yuan across the two markets. Eight sectors recorded net inflows, with the electric equipment sector leading at a net inflow of 8.56 billion yuan, followed by the non-ferrous metals sector with a net inflow of 3.81 billion yuan [1] - In contrast, 23 sectors experienced net outflows, with the electronic sector seeing the largest outflow of 11.67 billion yuan, followed by the communication sector with a net outflow of 5.51 billion yuan. Other sectors with significant outflows included machinery, pharmaceuticals, and automotive [1] Basic Chemical Industry Performance - The basic chemical industry increased by 0.60%, with a total net inflow of 519 million yuan. Out of 406 stocks in this sector, 153 stocks rose, including 8 that hit the daily limit. However, 240 stocks declined. The top three stocks with the highest net inflow were Duofluoride, Yongtai Technology, and Fusheng Technology, with net inflows of 1.15 billion yuan, 618 million yuan, and 285 million yuan respectively [2] - The outflow list for the basic chemical industry included Dongcai Technology, Guofeng New Materials, and Kaimete Gas, with net outflows of 241 million yuan, 163 million yuan, and 163 million yuan respectively [4]

Market Performance - The chemical products sector increased by 0.37% compared to the previous trading day, with Evergrande High-Tech leading the gains [1] - The Shanghai Composite Index closed at 3963.68, up by 0.1%, while the Shenzhen Component Index closed at 13603.89, up by 0.54% [1] Top Gainers in Chemical Sector - Evergrande High-Tech (002591) closed at 7.45, up by 10.04% with a trading volume of 124,500 shares and a transaction value of 91.03 million [1] - Yongtai Technology (002326) closed at 27.06, up by 10.00% with a trading volume of 1,500,900 shares [1] - Fuhua White (605566) closed at 32.05, up by 9.99% with a trading volume of 59,800 shares [1] - Duobao Duo (002407) closed at 36.95, up by 8.29% with a trading volume of 2,662,800 shares [1] - Yahua Group (002497) closed at 26.25, up by 6.49% with a trading volume of 619,000 shares [1] Top Losers in Chemical Sector - Shuangle Co. (301036) closed at 34.75, down by 8.31% with a trading volume of 60,800 shares and a transaction value of 213 million [2] - Jitai Co. (002909) closed at 7.21, down by 7.45% with a trading volume of 906,400 shares [2] - Boyuan Co. (301617) closed at 74.47, down by 6.09% with a trading volume of 33,400 shares [2] Capital Flow in Chemical Sector - The chemical products sector saw a net inflow of 509 million from main funds, while retail funds experienced a net outflow of 125 million [2] - Main funds showed significant net inflows in several companies, including Duobao Duo (11.72 million) and Yongtai Technology (5.79 million) [3] - Retail funds had notable outflows from companies like Duobao Duo (-74.1 million) and Yongtai Technology (-34.7 million) [3]