Core Viewpoint - Feilong Co., Ltd. is a multi-scenario and multi-field thermal management system solution provider, with significant potential for future development in various emerging applications [1] Company Overview - The company specializes in new energy thermal management products, including electronic pumps and temperature control valves, applicable in diverse sectors such as automotive, server liquid cooling, data center (IDC) liquid cooling, artificial intelligence liquid cooling, robotics, low-altitude economy, 5G base stations and communication equipment, charging pile liquid cooling, hydrogen energy liquid cooling, wind and solar energy storage liquid cooling, power equipment, modern agricultural machinery, and large industrial machinery [1] Market Potential - The products are theoretically applicable in all scenarios requiring thermal management, indicating a broad market potential [1] - The company aims to continuously expand into emerging application fields and deeply integrate with cutting-edge technologies and industries to provide sustained value across various sectors [1]

Core Viewpoint - Feilong Co., Ltd. announced on October 13 that its liquid cooling pump series products are following a platform-based, lineage-based, and customized development path, enhancing its technological leadership in the industry [1] Group 1: Product Development - The company has successfully increased the maximum power of its electronic water pumps to 40 kW through continuous technological research and development, further strengthening its competitive edge [1] - Related products have already achieved mass production in some customer projects, indicating successful implementation and market acceptance [1]

证券代码：002536 证券简称：飞龙股份 公告编号：2025-076 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到期赎回的公告 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""飞龙股份"）于 2024 年 10 月 13 日召开第八届董事会第十次会议、第八届监事会第九次会议，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》。为提高公 司募集资金的使用效率，在不影响募集资金投资项目建设和公司及子公司正常经 营的情况下，同意公司及子公司使用不超过人民币 3.2 亿元（含本数，含前次使 用部分暂时闲置募集资金进行现金管理尚未到期的部分）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。 具体内容详见公司在指定信息披露媒体《证券时报》《中国证券报》《证券 日报》《上海证券报》和巨潮资讯网（www.cninfo ...

Market Overview - The automotive thermal management sector declined by 1.86%, ranking among the top declines in concept sectors as of the market close on October 13 [1] - Within this sector, companies such as Hengshuai Co., Zhejiang Rongtai, and Jingwei Hengrun experienced significant declines, while 18 stocks saw price increases, with Hunan Tianyan, Changying Tong, and Keda Guochuang leading with gains of 6.67%, 6.55%, and 4.51% respectively [1] Concept Sector Performance - The top-performing concept sectors included Rare Earth Permanent Magnets with a gain of 6.92%, and Military Equipment Restructuring Concept with a gain of 3.51% [2] - The automotive thermal management sector was among the laggards, with a decline of 1.86%, alongside other sectors like AI PC and Decelerators [2] Capital Flow Analysis - The automotive thermal management sector saw a net outflow of 1.94 billion yuan, with 91 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 100 million yuan [2] - The leading stock for net outflow was Sanhua Intelligent Control, with a net outflow of 354 million yuan, followed by Top Group and Huagong Technology with outflows of 251 million yuan and 222 million yuan respectively [2] Notable Stocks in Automotive Thermal Management - Key stocks with significant net outflows included: - Sanhua Intelligent Control: -5.23% with a turnover rate of 5.92% and a net outflow of 353.60 million yuan - Top Group: -4.97% with a turnover rate of 3.39% and a net outflow of 251.08 million yuan - Huagong Technology: -3.19% with a turnover rate of 6.05% and a net outflow of 222.13 million yuan [3][4] Stocks with Positive Capital Inflows - Stocks with notable net inflows included: - Midea Group: 3.59 billion yuan - Feirongda: 57.68 million yuan - Sixuan New Materials: 53.25 million yuan [2][6]

Core Insights - Feilong Automotive Parts Co., Ltd. held an investor meeting with 27 institutions and individual investors, focusing on the company's developments and future strategies [1] - The company has transitioned from a focus on automotive thermal management components to expanding into civilian sectors since 2017, while maintaining its core automotive business [1][2] - The subsidiary, Anhui Hangyi Technology Co., Ltd., specializes in non-automotive liquid cooling pumps, particularly for data centers and renewable energy applications [1][2] Company Overview - Founded in 1952, Feilong has evolved through two main phases: pre-2017 focused on automotive components, and post-2017 on diversification into civilian markets [1] - The company boasts a national-level enterprise technology center and four R&D centers, serving over 300 factory bases domestically and internationally [1] Product and Technology Focus - The company's new energy thermal management products include electronic pumps and temperature control valves, applicable in various cutting-edge fields such as automotive and data center cooling [2] - Current liquid cooling products primarily consist of electronic pumps and temperature control valves, with a focus on cold plate liquid cooling technology and ongoing development of immersion cooling technology [2] Client and Market Engagement - Feilong has established connections with over 80 clients across six major sectors, including server cooling, charging stations, hydrogen energy, and modern agricultural machinery [2] - The company is actively expanding its overseas market presence in the server liquid cooling sector, with over 120 projects in progress, some of which have already entered mass production [2] Production Capacity and Future Strategy - The company operates four liquid cooling production lines, with an expected annual capacity of up to 1.2 million units, adaptable based on order demand [2] - Future strategies include solidifying automotive thermal management business, expanding overseas markets, and integrating thermal management technologies into emerging sectors such as robotics [2]

Group 1: Company Overview - Feilong Automotive Parts Co., Ltd. has over 70 years of development history, established in 1952, focusing on thermal management system solutions [3] - The company has two main development phases: prior to 2017 focused on automotive thermal management components, and from 2017 onwards, expanding into civilian markets [3] - Currently, the company has established four R&D centers and serves over 300 factory bases globally, with more than 200 domestic and international clients [3] Group 2: Subsidiary Information - Anhui Hangyi Technology Co., Ltd. was established in July 2025 with a registered capital of 50 million RMB, focusing on non-automotive liquid cooling pumps [3] - The company aims to become a leader in IDC liquid cooling pump technology, offering solutions ranging from 16W to 22kW [3] Group 3: Product Applications - The company's new energy thermal management products, including electronic pumps and temperature control valves, are applicable in various fields such as automotive, data centers, AI cooling, and renewable energy [4] - The liquid cooling products are primarily based on cold plate technology, with plans to expand into immersion cooling technology [5] Group 4: Client Collaborations - The company has established connections with over 80 clients in the liquid cooling sector, with more than 120 ongoing projects, some of which have entered mass production [7] - Key clients include major players in server cooling, charging stations, and renewable energy sectors [7] Group 5: Production Capacity - The company has four production lines for liquid cooling products, with an expected annual capacity of up to 1.2 million units [7] - Current production capacity is sufficient to meet the rapid growth demands of the liquid cooling business [7] Group 6: Future Development Strategy - The company aims to solidify its automotive thermal management business while expanding into new applications such as server cooling and AI [8] - Plans to leverage its subsidiary in Thailand to enhance its presence in Southeast Asia and Central Asia [8] - Focus on integrating thermal management technology with emerging industries like robotics to drive long-term growth [8]

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：董秘您好，2025年半年报说3.18亿元的龙泰基地于今年 6月26日投入生产，那为什么固定资产还是减少的？在建工程也看不到3.18亿元规模啊？请您解释一 下。 飞龙股份（002536.SZ）10月10日在投资者互动平台表示，公司龙泰生产基地于今年6月26日开始试生 产，基础建设尚未计入固定资产，龙泰公司投资进展情况请关注《2025年半年度报告》中在建工程明 细。 ...

Core Insights - The number of shareholders for Feilong Co. decreased to 97,000 as of September 30, representing a reduction of 13,000 shareholders or a decline of 11.82% compared to the previous period [2] - The company's stock price closed at 24.84 yuan, reflecting an increase of 1.93%, but the stock has cumulatively decreased by 6.26% since the concentration of shares began [2] - In the first half of the year, Feilong Co. reported total revenue of 2.162 billion yuan, a year-on-year decrease of 8.67%, while net profit reached 210 million yuan, marking a year-on-year increase of 14.49% [2] Shareholder Information - The number of shareholders has decreased for the second consecutive period, indicating a potential trend in shareholder sentiment [2] - The decline in shareholder numbers may suggest a consolidation of ownership or a response to market conditions [2] Financial Performance - The company experienced a decline in revenue while achieving growth in net profit, indicating a potential improvement in operational efficiency or cost management [2] - Basic earnings per share were reported at 0.3700 yuan, with a weighted average return on equity of 6.22% [2]

飞龙股份10月9日在互动平台表示，目前公司液冷领域现有四条生产线，预计每年产能最高可达120万只 左右。后期会根据客户的需求情况，适时进行调整增加。 ...

截至9月19日，飞龙股份股东户数11.00万，较上期减少6.78%；人均流通股4949股，较上期增加7.27%。 2025年1月-6月，飞龙股份实现营业收入21.62亿元，同比减少8.67%；归母净利润2.10亿元，同比增长 14.49%。 分红方面，飞龙股份A股上市后累计派现10.74亿元。近三年，累计派现5.02亿元。 机构持仓方面，截止2025年6月30日，飞龙股份十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股331.39万股，相比上期减少272.20万股。鹏华创新未来混合(LOF)（501205）位居第七大 流通股东，持股247.52万股，为新进股东。 责任编辑：小浪快报 9月30日，飞龙股份跌1.46%，成交额5.30亿元。两融数据显示，当日飞龙股份获融资买入额4493.43万 元，融资偿还8366.76万元，融资净买入-3873.33万元。截至9月30日，飞龙股份融资融券余额合计9.97 亿元。 融资方面，飞龙股份当日融资买入4493.43万元。当前融资余额9.97亿元，占流通市值的7.11%，融资余 额超过近一年80%分位水平，处于高位。 融券方面，飞龙股份9月30日融券偿还0. ...