证券日报网讯飞龙股份（002536）11月18日在互动平台回答投资者提问时表示，公司持续深耕主业，生 产经营一切正常。公司未来将围绕"四个曲线"战略布局：(1)稳固车端热管理业务基本盘；(2)以海外生 产基地龙泰公司为战略支点，深化全球化市场布局；(3)拓展热管理技术新兴应用领域；(4)推进热管理 技术与前沿产业深度融合，构建集成化供应链，实现价值赋能。 ...

证券代码：002536 证券简称：飞龙股份 飞龙汽车部件股份有限公司投资者关系活动记录表 司着力汽车热管理部件产品的研发、生产和销售，比如机械水泵、 排气歧管、涡轮增压器壳体（简称"涡壳"）、电子泵系列产品、温 控阀系列产品和热管理集成模块等，目前汽车水泵和涡壳两类产品 已荣获国家工信部认定的制造业单项冠军，同时大力开拓海外业 务；第二个阶段是 2017 年至今，公司在发展汽车热管理领域的基 础上，重点开拓民用领域客户和市场，助力公司快速转型升级。 目前公司拥有国家级企业技术中心，建立了上海、芜湖、内乡 和西峡四个研发中心，其中上海和芜湖为新能源热管理部件产品研 发中心，着力开发电子泵系列和温控阀系列产品，拓展电磁阀、热 管理集成模块等产品。产品销售覆盖全国市场，并出口美洲、欧洲、 东南亚等地区，已批产国内外客户 200 余家，服务全球超 300 个工 厂基地。 二、投资者互动问题解答 1、公司 2025 年前三季度毛利率同比上涨的原因是什么？ 回复：公司 2025 年前三季度毛利率同比上涨主要原因有以下三点： 一是原材料价格相对稳定；二是优化产品结构，增强市场竞争力； 三是强化内部管理，全面实施 VA/VE ...

Core Viewpoint - On November 17, Feilong Co., Ltd. experienced a stock price increase of 3.95%, with a trading volume of 720 million yuan, indicating positive market sentiment towards the company [1]. Financing Summary - On November 17, Feilong Co. had a financing buy-in amount of 65.32 million yuan and a financing repayment of 58.99 million yuan, resulting in a net financing buy of 6.34 million yuan [1]. - As of November 17, the total financing and securities lending balance for Feilong Co. was 790 million yuan, which accounts for 5.94% of its circulating market value, indicating a high level of financing activity compared to the past year [1]. - The company had no shares sold short on November 17, with a securities lending balance of 2316 yuan, which is above the 70th percentile level over the past year [1]. Business Performance - For the period from January to September 2025, Feilong Co. reported a revenue of 3.237 billion yuan, reflecting a year-on-year decrease of 7.38%, while the net profit attributable to shareholders increased by 7.54% to 287 million yuan [2]. - The company's main business revenue composition includes: 48.69% from automotive engine thermal management energy-saving and emission-reduction components, 38.78% from important thermal management components, 8.57% from new energy thermal management components, 1.90% from liquid cooling thermal management components, 1.71% from other non-engine automotive components, and 0.35% from other sources [1]. Shareholder Information - As of November 10, the number of shareholders for Feilong Co. reached 93,000, an increase of 3.33% from the previous period, while the average circulating shares per person decreased by 3.23% to 5,853 shares [2]. - The company has cumulatively distributed 1.074 billion yuan in dividends since its A-share listing, with 502 million yuan distributed over the past three years [3]. - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, increasing its holdings by 2.0024 million shares to 5.3163 million shares [3].

Core Insights - Feilong Co., Ltd. announced on November 14 that its liquid cooling pump series products follow a platform-based, series-based, and customized development strategy [2] - The company has successfully developed a 22kW large IDC liquid cooling pump for data center liquid cooling systems, which has been validated and recognized by well-known clients, entering the small batch delivery phase [2] - This achievement highlights the company's leading position in server liquid cooling solutions [2]

证券日报网讯飞龙股份11月14日发布公告，在公司回答调研者提问时表示，公司在全力开拓热管理民用 领域新赛道、驱动未来价值增长的同时，始终将股东回报视为郑重承诺。公司秉持共享发展红利的理 念，致力于构建稳定、可预期的长期回报机制。自上市以来，公司已持续、稳健地实施年度现金分红， 累计回馈股东资金超10亿元，这充分体现了公司卓越的盈利能力和坚定的战略定力。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯飞龙股份11月14日发布公告，在公司回答调研者提问时表示，公司热管理集成模块产品主 要由电子泵、热管理控制阀、膨胀水壶、导流板、传感器及线束等部件组成。相较于传统单一零部件产 品，热管理集成模块价值量有显著提升，具体价值因产品构造差异而有所不同，不能一概而论。 ...

证券日报网讯飞龙股份11月14日发布公告，在公司回答调研者提问时表示，公司全球化布局的首个海外 智慧工厂——龙泰公司，已于2025年6月26日竣工试生产。龙泰公司规划产能主要面向海外客户，涵盖 发动机热管理产品及新能源热管理产品，同时将根据全球液冷发展趋势和客户需求情况，适时调整增加 产能。 （文章来源：证券日报） ...

Core Insights - The company Feilong Co., Ltd. announced on November 14 that there is a significant increase in demand for liquid cooling pumps due to the explosion of AI computing power and low heat dissipation requirements [2] - Major global cloud service providers and high-end computing providers, such as NVIDIA, Google, Microsoft, Meta, Dell, and Amazon, are constructing AI data centers that support liquid cooling on a large scale [2] - The company's liquid cooling pump products are characterized by low energy consumption, long lifespan, lightweight, and strong operability, giving them a competitive edge in the market [2]

Group 1 - The company, Feilong Co., announced on November 14 that it has established close partnerships with over 40 leading enterprises in the server liquid cooling sector, including HP, Delta, Jinyun, Vidi, Shenling Environment, Yaha Electronics, Haiwu, Shenzhen Xingqihong, Invec, and Wanbang Digital [2] - Some of the clients in the server liquid cooling field are well-known companies from Taiwan [2]

证券日报网讯飞龙股份11月14日发布公告，在公司回答调研者提问时表示，目前公司热管理集成模块产 品主要客户有奇瑞、南京汽车、理想、吉利、岚图、上汽等。公司正与多个项目方深入交流合作，部分 项目正逐步上量，规模效应已开始显现。 （文章来源：证券日报） ...