Core Viewpoint - The company anticipates improved revenue in the second half of 2025 driven by new overseas projects, increased orders for electric vehicle integration modules, and growth in liquid cooling products [2]. Group 1: Business Outlook - The company expects revenue to improve in the second half of 2025 due to three main drivers: gradual ramp-up of overseas new projects, growth in orders for electric vehicle integration modules, and increased sales of liquid cooling products [2]. - The company is not considering additional investments in automotive engine thermal management products domestically, aside from its subsidiary in Thailand [3]. Group 2: Product and Client Information - The company has established connections with over 130 major clients for its electronic pump series, including Chery, Li Auto, and others [4]. - The thermal management integrated module's value is significantly higher than traditional single-component products, but specific values vary based on product structure [5]. Group 3: Liquid Cooling Developments - A new subsidiary, Anhui Hangyi Technology Co., has been established to focus on non-automotive liquid cooling pump development for data centers, renewable energy storage, and charging stations [6]. - The company is actively expanding its overseas server liquid cooling market through clients in Taiwan while maintaining a strong domestic market presence [6]. Group 4: Profitability and Competitive Advantages - The company implements a dual-line penetration strategy in the automotive and industrial sectors, optimizing operations to enhance profitability [7]. - Key competitive advantages in the liquid cooling sector include a decade of experience, a broad client base of over 80 companies, and diverse application scenarios across various industries [8][9]. Group 5: Financial Performance - For the first half of 2025, the company reported a main revenue of 2.162 billion yuan, a year-on-year decrease of 8.67%, while net profit increased by 14.49% to 210 million yuan [10]. - The company’s gross margin stands at 25.52%, with a debt ratio of 38.14% [10].

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 [1] - The company has two main development phases: prior to 2017 focused on automotive thermal management components, and from 2017 onwards, expanding into non-automotive sectors [1][2] Group 2: Product Development and Market Reach - The company has developed key products such as mechanical water pumps, exhaust manifolds, and electronic pump series, with automotive water pumps and turbocharger housings recognized as national champions [1] - Products are sold nationwide and exported to over 200 domestic and international clients, serving more than 300 factory bases globally [2] Group 3: Financial Expectations and Growth Drivers - For the second half of 2025, the company expects revenue improvement driven by new overseas projects, growth in orders for new energy vehicle integrated modules, and increased sales of liquid cooling products [3] - The company is not considering additional investments in automotive engine thermal management products domestically [3] Group 4: Client Base and Product Value - The electronic pump series has over 130 major clients, including Chery, Li Auto, and VinFast [3] - The value of thermal management integrated modules is significantly higher than traditional single-component products, varying based on product structure [3] Group 5: Liquid Cooling Sector Developments - A new subsidiary, Anhui Hangyi Technology Co., Ltd., has been established to focus on liquid cooling pumps for data centers and charging stations [4][5] - The company is actively expanding its overseas market for server liquid cooling products, particularly through clients in Taiwan [5] Group 6: Profitability and Competitive Advantages - The company implements a dual-line penetration strategy in automotive and industrial sectors to enhance profitability [5] - Key competitive advantages in the liquid cooling sector include nearly 10 years of experience, a client base of over 80 companies, and diverse application scenarios across various industries [5]

Core Insights - Zhang Yaokun, known as "Tank," is a prominent futures investor who achieved remarkable investment performance, growing his capital from 200,000 to 80 million in just three years using his self-created trading system [1][3] Group 1: Trading Journey - Zhang began his trading career in 2006, facing significant losses until a turning point in 2012 when he capitalized on a soybean meal market surge, achieving a 30-fold return [3] - His trading strategy involved heavy leverage and concentrated positions, allowing him to maximize returns during market cycles [3][5] - By 2015, he had successfully grown his capital to 80 million through strategic trading in futures and stock index futures [3] Group 2: Tank Trend Trading System - The "Tank Trend Trading System" focuses on identifying opportunities during market consolidation phases after significant price movements, emphasizing bottom-fishing and top-picking rather than chasing trends [4][5] - Zhang's analysis relies solely on naked candlestick patterns, believing that most technical indicators are speculative and that understanding market fundamentals is crucial for success [5] Group 3: Investment in A-shares - Transitioning to the A-share market, Zhang's portfolio reached a market value of 1.617 billion by March 31, 2025, showcasing his prowess as a retail investor [7][8] - His investments include significant stakes in companies like Feilong Co. and Hongchuang Holdings, with notable profits from strategic buying and holding [8]

Group 1 - The core viewpoint of the article highlights Feilong Co.'s strategic positioning in the robotics and AI sectors, driven by dual engines of "automotive and general industry" [1] - The company's annual production capacity includes 8 million mechanical water pumps, 4.6 million exhaust manifolds, 8 million turbo shells, 1.2 million oil pumps, and over 8 million new energy thermal management components, with a maximum of 1.2 million units in the civilian sector [1] - The overseas production base, Longtai Company, is currently in the process of being put into operation [1] Group 2 - The increasing penetration rate of new energy vehicles is expected to boost demand for electronic water pumps, while the growth of hybrid vehicles will drive the demand for turbo shells [1] - The company is actively advancing its robotics and AI business, which is anticipated to allow it to share in the growth dividends of emerging industries [1] - The projected net profit attributable to the parent company for 2025, 2026, and 2027 is expected to reach 450 million, 580 million, and 710 million yuan respectively, with year-on-year growth rates of 37%, 28%, and 23% [1]

Core Viewpoint - The company, Feilong Co., Ltd. (002536), anticipates that its liquid cooling business revenue will exceed 40 million yuan in the first half of 2025, highlighting its strong partnerships with over 40 leading industry firms [1] Group 1 - The company has established close collaborations with notable industry leaders such as HP, Yaho Electronics, Shenzhen Xingqihong, Shenling Environment (301018), Invech (002837), and Gaolan Co. (300499) [1] - The company plans to continue expanding its domestic and international customer base in related fields [1] - Investors are encouraged to refer to the company's "2025 Semi-Annual Report" for more detailed information [1]

Group 1 - The core viewpoint of the article is that Feilong Co., Ltd. (002536) is expanding its product applications in thermal management based on technological advancements [1] Group 2 - The company stated that its products can be widely applied in all scenarios requiring thermal management [1] - The company will continue to explore related application scenarios according to the development of technology [1]

每经AI快讯，有投资者在投资者互动平台提问：今早贵司子公芜湖航逸在公众号官宣已经有160000台 的液冷泵进入国内外大型服务器集群作为CDU的核心关键，起到温控，液冷，降温的热管理作用。想 问下能具体透露一下布局在哪些地区国内有芜湖，贵安，乌兰察布，和林格尔吗？北美的田纳西州、印 第安纳、路易斯安纳是否有布局和参与？ （文章来源：每日经济新闻） 飞龙股份（002536.SZ）8月1日在投资者互动平台表示，公司2025年上半年液冷领域业务收入突破4000 万元，已与HP项目、亚浩电子、深圳兴奇宏、申菱环境、英维克、高澜股份等40多家行业领先企业建 立了紧密的合作关系。具体情况请关注公司《2025年半年度报告》。公司仍将持续拓展相关领域国内外 客户。 ...

Core Viewpoint - The company, Feilong Co., Ltd. (002536.SZ), indicates that its products can be widely applied in various thermal management scenarios and will continue to expand application areas based on technological developments [1]. Group 1: Company Developments - Feilong Co., Ltd. has stated that from a technical theoretical perspective, its products are suitable for all scenarios requiring thermal management [1]. - The company plans to continuously explore related application scenarios as technology evolves [1]. Group 2: Industry Context - An investor inquired about the company's liquid cooling pump technology and project development for personal PCs, referencing Huawei's use of liquid cooling solutions in its products [3]. - The investor highlighted that Huawei's MateBook Fold utilizes ultra-thin VC liquid cooling technology to cover 90% of the heat generation area, indicating a trend in the industry towards advanced cooling solutions [3].

Market Overview - The automotive parts sector experienced a decline of 0.85% on July 31, with Dengyun Co. leading the drop [1] - The Shanghai Composite Index closed at 3573.21, down 1.18%, while the Shenzhen Component Index closed at 11009.77, down 1.73% [1] Top Performers - Xiling Power (300733) saw a significant increase of 19.99%, closing at 20.71 with a trading volume of 355,600 shares and a turnover of 701 million [1] - Chuanhuan Technology (300547) rose by 8.21%, closing at 34.66 with a trading volume of 475,500 shares and a turnover of 1.661 billion [1] - Other notable gainers include Sulian Co. (301397) up 6.71%, Fusa Technology (301529) up 6.27%, and Feilong Co. (002536) up 5.55% [1] Underperformers - Dengyun Co. (002715) led the decline with a drop of 6.85%, closing at 16.86 with a trading volume of 120,100 shares and a turnover of 206 million [2] - Other significant losers include Xitai Ge (301229) down 6.57%, and Zhongma Transmission (603767) down 5.63% [2] Capital Flow - The automotive parts sector saw a net outflow of 1.809 billion from institutional investors, while retail investors had a net inflow of 2.015 billion [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Xiling Power (300733) had a net inflow of 93.1888 million from institutional investors, while retail investors saw a net outflow of 35.0702 million [3] - Far East Transmission (002406) experienced a net inflow of 69.8017 million from institutional investors, with retail investors also seeing a net outflow [3] - Other stocks like Xiangxin Technology (002965) and Junsheng Electronics (600699) also showed varied capital flows, reflecting differing investor sentiments [3]

来源：金融界 天眼查商业履历信息显示，飞龙汽车部件股份有限公司，成立于2001年，位于南阳市，是一家以从事汽 车制造业为主的企业。企业注册资本57478.5888万人民币，实缴资本1368万人民币。公司法定代表人为 孙锋。 通过天眼查大数据分析，飞龙汽车部件股份有限公司共对外投资了14家企业，参与招投标项目8次，知 识产权方面有商标信息21条，专利信息255条，此外企业还拥有行政许可20个。 金融界消息 截至2025年7月31日收盘，飞龙股份（002536）报收于17.12元，上涨5.55%，换手率 8.78%，成交量47.79万手，成交金额8.19亿元。 资金流向方面，今日主力资金净流入3157.37万元，占比成交额3.85%。其中，超大单净流入4272.27万 元、占成交额5.21%，大单净流出1114.91万元、占成交额1.36%，中单净流出流出2543.96万元、占成交 额3.1%，小单净流出613.41万元、占成交额0.75%。 飞龙股份最新一期业绩显示，截至2025中报，公司营业总收入21.62亿元、同比减少8.67%，归属净利润 2.10亿元，同比增长14.49%，扣非净利润2.18亿元，同比增 ...