Group 1 - The company has established connections and collaborations in the energy storage and power sectors with clients such as HP Project, Langjin Technology, Kenuowei, Haizhuo Technology, and State Power Investment Corporation [2] - Detailed information about these clients can be found in the company's "2025 Semi-Annual Report" [2] - The company expressed gratitude for investor interest in its operations within the energy storage and power sectors [2]

飞龙股份11月11日在互动平台回复称，目前公司液冷领域业务正在有序拓展中，部分客户相关项目正在 小批量供货。 ...

Core Viewpoint - Feilong Co., Ltd. is actively expanding its liquid cooling business, with some customer projects currently in small batch supply [1] Company Summary - Feilong Co., Ltd. is engaged in the orderly expansion of its liquid cooling sector [1] - The company is currently supplying small batches for certain customer-related projects [1]

Core Viewpoint - The company, Feilong Co., Ltd. (002536.SZ), is actively establishing connections and collaborations in the energy storage and power sectors with notable clients [1] Group 1 - The company has engaged with clients such as HP Project, Langjin Technology, Kenuowei, Haizhuo Technology, and State Power Investment Corporation [1]

今年以来飞龙股份已经5次登上龙虎榜，最近一次登上龙虎榜为8月21日，当日龙虎榜净买入-5988.28万 元；买入总计1.68亿元 ，占总成交额比6.49%；卖出总计2.28亿元 ，占总成交额比8.81%。 资料显示，飞龙汽车部件股份有限公司位于河南省西峡县工业大道，成立日期2001年1月9日，上市日期 2011年1月11日，公司主营业务涉及汽车零部件及其机械产品的研发、制造、销售。主营业务收入构成 为：汽车发动机热管理节能减排部件48.69%，汽车发动机热管理重要部件38.78%，汽车新能源热管理 部件8.57%，液冷领域热管理部件1.90%，汽车非发动机其他部件1.71%，其他(补充)0.35%。 飞龙股份所属申万行业为：汽车-汽车零部件-底盘与发动机系统。所属概念板块包括：理想汽车概念、 长安汽车概念、小鹏汽车概念、汽车零部件、液冷概念等。 截至10月31日，飞龙股份股东户数9.00万，较上期增加0.00%；人均流通股6049股，较上期增加0.00%。 2025年1月-9月，飞龙股份实现营业收入32.37亿元，同比减少7.38%；归母净利润2.87亿元，同比增长 7.54%。 11月11日，飞龙股份盘中上 ...

Summary of Key Points from Conference Call Industry Overview - The conference call discusses the **gas turbine** and **solid oxide fuel cell (SOFC)** industries, highlighting the significant demand increase driven by the surge in AIDC (Artificial Intelligence Data Center) requirements in the U.S. [1][3][4] Core Insights and Arguments - **Gas Turbine Demand Surge**: The demand for gas turbines has surged due to the reliance on natural gas for power generation in AIDC, with companies like GE, Siemens Energy, and Mitsubishi Heavy Industries facing delivery delays until 2030. GE's new order volume reached **20 GW** last year, with a backlog of **62 GW** as of Q3 this year [3][4] - **Investment Initiatives**: The U.S. government and Japan are investing **$550 billion** to address energy challenges, with **$25 billion** allocated specifically for gas turbines, steam turbines, generators, and grid issues [4] - **SOFC as a Solution**: SOFC technology, with an efficiency of **95%**, is positioned as a promising energy solution, potentially transforming fossil fuels into electricity more effectively than gas turbines, which have an efficiency of around **30%** [4][7] - **Metal Chromium Demand**: The demand for metal chromium, essential for high-temperature alloys, is expected to increase significantly, with SOFC requiring over **15 times** the amount needed for gas turbines. A supply gap of **340,000 tons** is anticipated by 2028 [6][8] Emerging Opportunities - **Chinese Companies' Role**: Chinese firms like Yingliu Co. and Longda Co. are poised to benefit from the supply chain opportunities as overseas gas turbine manufacturers face integration and installation challenges [4][5] - **North American Power Equipment Market**: The North American power equipment market is expected to see significant growth driven by new energy installations, industrial resurgence, and the replacement of aging grid infrastructure [10][11] - **Transformer Industry Outlook**: The transformer industry is experiencing a supply-demand gap, providing opportunities for domestic companies to expand their market presence [11][12] Additional Insights - **Data Center Construction Impact**: The construction of data centers is increasing demand for advanced power distribution solutions, transitioning from UPS systems to **800V HVDC** and **SST solid-state transformers**, which enhance power conversion efficiency to **98.5%** [13][14] - **Storage Systems Role**: Energy storage systems are crucial for balancing load fluctuations and enhancing gas turbine responsiveness, with global demand for storage expected to reach **300 GWh** by 2030 [14] - **Future Prospects for Weichai Power**: Weichai Power is expected to benefit from both AIDC backup power engines and SOFC technology, with projected revenues from new business lines reaching **3 billion yuan** and total market capitalization potentially reaching **210 billion yuan** by 2027 [16][18] Companies to Watch - **Key Players**: Companies such as Yingliu Co., Wanzhou Co., Longda Co., and Zhihua Co. are highlighted for their potential gains in the component and material sectors due to increased demand [8][9] - **Liquid Cooling Market**: Companies like Yinlun Co., Top Group, and Feilong Co. are noted for their active involvement in the liquid cooling sector for data centers, which is expected to contribute positively to their performance [19]

Core Viewpoint - Feilong Co., Ltd. has shown significant stock performance with a year-to-date increase of 101.24%, despite a recent decline over the past 20 days [1][2]. Financial Performance - For the period from January to September 2025, Feilong Co., Ltd. reported revenue of 3.237 billion yuan, a year-on-year decrease of 7.38%, while net profit attributable to shareholders increased by 7.54% to 287 million yuan [2]. - The company has distributed a total of 1.074 billion yuan in dividends since its A-share listing, with 502 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 6, 2023, Feilong's stock price was 22.70 yuan per share, with a market capitalization of 13.048 billion yuan and a trading volume of 178 million yuan [1]. - The stock has appeared on the "龙虎榜" (a trading activity list) five times this year, with the most recent appearance on August 21, 2023, where it recorded a net buy of -59.8828 million yuan [1]. Shareholder Information - As of October 31, 2023, the number of shareholders stood at 90,000, with an average of 6,049 shares held per shareholder [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 5.3163 million shares, an increase of 2.0024 million shares from the previous period [3].

证券代码：002536 证券简称：飞龙股份 公告编号：2025-086 飞龙汽车部件股份有限公司 关于使用暂时闲置募集资金进行现金管理的公告 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、误导性陈述或者重大遗漏。 飞龙汽车部件股份有限公司（以下简称"公司"）于 2025 年 10 月 20 日召 开第八届董事会第十七次会议和第八届监事会第十五次会议，审议通过《关于继 续使用暂时闲置募集资金及自有资金进行现金管理的议案》。为提高资金使用效 益，增加股东回报，在不影响募投项目建设和正常经营的情况下，公司及子公司 拟使用不超过人民币 2.2 亿元（含本数）的暂时闲置募集资金和不超过 3 亿元（含 本数）的闲置自有资金进行现金管理。上述额度自董事会审议通过之日起 12 个 月内有效，在前述额度和期限范围内可循环滚动使用，暂时闲置募集资金现金管 理到期后将及时归还至募集资金专户。 一、本次使用暂时闲置募集资金进行现金管理的情况 | 公司 | 签约银行 | 银行账户 | 产品名称 | 产品类型 | 认购金额 | 资金来源 | | 起始日期 | 到期日期 | | | | --- | --- | ...

Group 1 - The core viewpoint of the article highlights that Feilong Co. has established strong partnerships with over 40 leading companies in the server liquid cooling sector, indicating a robust market position and collaborative strategy [2] - The partnerships include notable industry players such as HP, Delta, and others, which may enhance Feilong's competitive edge and innovation capabilities in the liquid cooling technology [2] - The company aims to further develop its market presence by 2025, suggesting a strategic focus on growth and expansion within the industry [2]

Group 1 - The company has established close partnerships with over 40 leading enterprises in the server liquid cooling sector, including HP, Delta, and others [2] - The company confirmed that Super Fusion is an important client in the liquid cooling server field [2]