Core Viewpoint - The company, Xinzhou Bang, emphasizes its strong reputation in the electrolyte field due to over 20 years of technological innovation, stable supply assurance, and rigorous quality systems [1] Group 1: Company Strategy - The company is actively implementing a global and integrated industrial chain layout, with the Poland lithium-ion battery electrolyte project being a key initiative for its overseas strategic expansion [1] - Since its successful production start in 2023, the Poland facility has achieved localized supply of electrolytes in Europe and established long-term stable partnerships with many high-quality overseas customers [1] Group 2: Future Outlook - The company plans to continue deepening its international layout and actively expand its global market presence, aiming to provide high-quality products and services to its customers [1]

Core Insights - The company Xinzhou Bang experienced a decline of 0.68% in stock price on September 17, with a trading volume of 1.18 billion yuan [1] - The financing data indicates a net financing outflow of 62.26 million yuan on the same day, with a total financing and securities balance of 777 million yuan [1] Financing Overview - On September 17, Xinzhou Bang had a financing buy-in of 128 million yuan, while the current financing balance stands at 767 million yuan, accounting for 2.14% of the circulating market value, which is above the 90th percentile level over the past year [1] - The company repaid 16,400 shares of securities on the same day, with a securities selling amount of 575,800 yuan, and a remaining securities balance of 1.00763 million yuan, also above the 80th percentile level over the past year [1] Company Profile - Xinzhou Bang Technology Co., Ltd. was established on February 19, 2002, and listed on January 8, 2010, located in Shenzhen, Guangdong Province [1] - The company's main business involves the research, production, sales, and service of new electronic chemicals and functional materials, with revenue composition as follows: battery chemicals 66.43%, organic fluorine chemicals 17.03%, electronic information chemicals 16.03%, and others 0.50% [1] Financial Performance - As of June 30, the number of shareholders for Xinzhou Bang was 38,200, a decrease of 18.69% from the previous period, while the average circulating shares per person increased by 21.66% to 14,141 shares [2] - For the first half of 2025, Xinzhou Bang achieved operating revenue of 4.248 billion yuan, a year-on-year increase of 18.58%, and a net profit attributable to shareholders of 484 million yuan, up 16.36% year-on-year [2] Dividend Information - Since its A-share listing, Xinzhou Bang has distributed a total of 2.149 billion yuan in dividends, with 1.121 billion yuan distributed over the past three years [2] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders included Dongfang New Energy Theme Mixed Fund, which increased its holdings by 278,400 shares to 13.4071 million shares, while the E Fund Growth ETF reduced its holdings by 469,300 shares to 11.9368 million shares [2]

融券方面，当日融券卖出1.66万股，融券偿还1.7万股，融券净买入400.0股，融券余量21.44万股。 | 交易日 | 融券冷卖用(股) | | 融券余重(股) | 融券余额(元) | | --- | --- | --- | --- | --- | | 2025-09-16 | | -400.0 | 21.44万 | 1035.82万 | | 2025-09-15 | | -3.18万 | 21.48万 | 1012.19万 | | 2025-09-12 | | -2.33万 | 24.66万 | 1166.28万 | | 2025-09-11 | | -1.34万 | 26.99万 | 1315.08万 | | 2025-09-10 | | -6600.0 | 28.33万 | 1339.02万 | 证券之星消息，9月16日，新宙邦（300037）融资买入1.35亿元，融资偿还1.3亿元，融资净买入535.77 万元，融资余额8.29亿元，近3个交易日已连续净买入累计1.19亿元，近20个交易日中有13个交易日出现 融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | ...

Summary of Liquid Cooling Materials Industry Report Industry Overview - The report focuses on the liquid cooling materials industry, particularly in the context of increasing power consumption in AI chips and the demand for hybrid liquid cooling solutions [1][2]. Key Points and Arguments - **Server Cooling Demand Upgrade**: The power consumption of GPUs has increased from 1.2 kW to 1.8 kW, leading to total cabinet power consumption reaching 250-300 kW. Traditional single-phase cold plates are inadequate, necessitating an upgrade to liquid cooling solutions, with hybrid liquid cooling likely becoming mainstream, especially for high-power products like Rubin Ultra [1][2]. - **Advantages of Hybrid Liquid Cooling**: Compared to silent liquid cooling, hybrid solutions retain cold plates covering CPUs/GPUs, removing 60%-70% of heat, reducing the requirements for silent loops, enhancing system stability, allowing for single-point maintenance, and significantly lowering the amount of fluorinated fluids used, thus reducing costs [1][4]. - **Market Potential for Fluorinated Materials**: If hybrid liquid cooling solutions can be scaled, they could significantly drive demand for fluorinated materials, with a potential market size reaching 20 billion yuan, compared to the current demand of around 1,000 tons and a market capacity of 3 billion yuan [1][5]. - **NVIDIA Cooling Architecture Optimization**: The GB200 architecture uses one liquid cooling plate for two GPUs and one CPU, while the GB300 architecture provides individual cooling plates for each GPU and CPU, achieving more precise cooling and controlling total cabinet power consumption to approximately 132 kW. Higher power products like the Shadow series will require upgrades to bidirectional or phase change medium solutions [1][6]. Additional Important Insights - **Liquid Medium Choices**: Different cooling solutions utilize various liquid mediums. Single-phase cold plates typically use ethylene glycol, while bidirectional systems require low-boiling-point fluorinated fluids like R134A, hydrofluoroethers, and hexapropylene dimer [2][10]. - **New Zobon’s Liquid Cooling Strategy**: New Zobon is actively expanding in the liquid cooling sector, planning to add nearly 12,000 tons of capacity, including about 5,000 tons of perfluoropolyether capacity. The company aims to capture 50% of the semiconductor etching and temperature control market share [2][18]. - **Future Prospects for New Zobon**: The company expects its main business revenue to reach around 1.4 billion yuan by 2025-2026 and potentially 1.8-1.9 billion yuan by 2027. If the liquid cooling business materializes, the long-term market potential could reach 20 billion yuan, positioning the company for a valuation exceeding 20 billion yuan, with a short-term target market cap close to 50 billion yuan [2][20]. - **Challenges in Silent vs. Hybrid Solutions**: Silent solutions face high costs and reliability issues, while hybrid solutions enhance reliability and maintainability, significantly reducing the amount of medium required and overall costs [2][7]. - **Market Potential for Liquid Cooling Solutions**: The liquid cooling market has substantial potential, with estimates suggesting that if 100,000 cabinets are sold, the market space could approach 20 billion yuan, indicating significant growth elasticity compared to the current demand and market capacity [2][17]. This summary encapsulates the critical insights and projections regarding the liquid cooling materials industry, highlighting the evolving technology landscape and market opportunities.

Core Viewpoint - The liquid cooling sector is gaining traction due to the increasing demand for cooling solutions in AI and high-performance computing, with significant growth expected in the market over the next few years [6][7][9]. Group 1: Market Trends - The global AI liquid cooling market is projected to reach $8.6 billion by 2026, indicating rapid market growth [7]. - In China, the liquid cooling market for intelligent computing centers is expected to reach 18.4 billion yuan in 2024, a 66.1% increase from 2023, and could grow to approximately 130 billion yuan by 2029 [7]. Group 2: Company Performance - Silver Wheel Co. (银轮股份) has the highest institutional ratings at 29, with a stock price increase of over 114% this year. The company is expected to see net profit growth of 35.29% in 2025 and 26.16% in 2026 [9]. - Other companies like Inspur Information (浪潮信息) and Invech (英维克) are also projected to have net profit growth rates exceeding 20% in the coming years [9]. Group 3: Technological Developments - NVIDIA is pushing suppliers to develop microchannel liquid cooling plates (MLCP) to address the rising heat from AI GPU chips, with prices 3 to 5 times higher than traditional cooling solutions [6]. - Liquid cooling is becoming the mainstream solution due to its efficiency and ability to handle the increasing power density of chips, as traditional air cooling methods are no longer sufficient [6][7]. Group 4: Company Initiatives - New Zobang (新宙邦) is actively participating in setting standards for liquid cooling and has developed mature products for various data center applications [8]. - High Lan Co. (高澜股份) offers a range of liquid cooling solutions and aims to maintain a Power Usage Effectiveness (PUE) of below 1.1 [8].

证券日报网讯新宙邦（300037）9月16日在互动平台回答投资者提问时表示，电池化学品业务是公司三 大核心业务之一，主要产品有锂离子电池化学品(包括锂离子电池电解液、添加剂、新型锂盐、碳酸酯 溶剂)、超级电容器化学品、一次锂电池化学品、钠离子电池化学品、固态电池化学材料等。下游市场 包括动力电池、储能电池和消费类电池，应用领域非常广泛，主要在电动汽车、电力系统、数据中心、 轨道交通、风电和光伏、笔记本电脑、平板、智能手机、智能穿戴设备、消费类无人机、机器人、智能 电器、电动工具以及各种便携式移动电子产品等终端领域。公司在研发创新、品质控制、产业链一体 化、客户结构、国际化布局、品牌价值等方面具有较大优势，是行业主要供应企业之一。2025年上半 年，公司电池化学品业务实现营业收入28.15亿元，同比增长22.77%，占报告期营业收入的66.27%。 ...

Group 1 - The company emphasizes the importance of research and innovation in coolant technology and has developed multiple technical routes for composite coolant products [2] - The company has a strong technical foundation in fluorinated liquids and has established a mature quality management system, participating in the formulation of several standards and specifications in the liquid cooling field [2] - The company has successfully mass-produced products for various scenarios in IDC data centers and is actively promoting certification work with major domestic and international manufacturers [2] Group 2 - The company is currently validating and testing new types of coolants with domestic and international clients, although specific details about client certification stages are confidential [2] - The company plans to continuously enhance the competitiveness of its liquid cooling products, capacity assurance, and customer service levels in the future [2]

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源： 新宙邦 会议详情： 会议主办： 鑫椤资讯 会议时间： 2025年11月12-13日（12号报到） 会议地点： 中国·上海 会议咨询： 13248122922(微信同） END 近日，新宙邦旗下核心成员公司—— 诺莱特科技（马来西亚）有限公司迎来关键里程碑，其1号工厂已成功实现订单 交付，成为中国电解液厂商中首个在东南亚实现订单交付的工厂 。 诺莱特科技（马来西亚）坐落于吉打州的居林高科技园区(Kulim Hi-Tech Park，简称KHTP)。回溯布局历程， 2025 年2月，诺莱特科技（马来西亚）正式注册成立，拉开新宙邦深耕东南亚市场的序幕；同年4月，公司与马来西亚吉打 州投资发展局(INVEST KEDAH BHD.，简称 "Invest Kedah")签署谅 解备忘录 。依托 Invest Kedah对新宙邦国际化 战略的坚定支持，项目落地跑出了新的"加速度"，技术、产能与本地化运营的深度融合得到了极大的推动。 在1号工厂实现交付的同时，诺莱特科技（马来西亚）2号工厂 也即将启动全面开工建设 ，各项 ...

Group 1 - The core viewpoint highlights the mixed performance of the ChiNext New Energy Index, with notable gains from companies like Zhenyu Technology and Feirongda, while Jinli Permanent Magnet led the declines [1] - The ChiNext New Energy ETF has shown a slight increase of 0.14%, with the latest price at 1.45 yuan, indicating a stable market interest in new energy stocks [1] - The recent milestone of the Mercedes EQS solid-state test vehicle achieving a range of 1205 kilometers signifies significant advancements in the global new energy vehicle industry, with China's Ministry of Industry and Information Technology approaching a project review deadline [1] Group 2 - As of August 29, 2025, the top ten weighted stocks in the ChiNext New Energy Index account for 64.15% of the index, with companies like CATL and Sungrow leading the list [2] - The ChiNext New Energy ETF closely tracks the performance of the ChiNext New Energy Index, reflecting the operational characteristics of listed companies in the new energy sector on the Shenzhen Stock Exchange [2]

每经AI快讯，有投资者在投资者互动平台提问：头部公司认证周期都很长，请问公司针对下一代服务 器开发的复合冷却液已经认证到哪一步了？公司是少数进入北美超算中心的供应链企业，有预估过今明 两年北美市场的液冷渗透率公司能占多少吗？ 新宙邦（300037.SZ）9月16日在投资者互动平台表示，公司一直高度重视冷却液技术的研发与创新并布 局了多种技术路线的复合冷却液产品。凭借在氟化液领域深厚的技术积累和成熟的质量管理体系，公司 已参与制定了多项液冷领域标准及规范，应用于IDC数据中心不同场景的产品已成熟量产，目前正按照 计划积极推动与国内外各主流厂商的相关认证工作，同时各类新型冷却液目前也在积极布局中，其中部 分产品正在国内外客户验证测试中，具体客户的认证阶段等细节信息属于商业保密范畴，目前暂不便透 露，敬请理解。未来，公司将持续提升液冷产品竞争力、产能保障能力和客户服务水平。关于公司的产 品布局情况请关注公司在巨潮资讯网发布的定期报告并请注意投资风险。 （文章来源：每日经济新闻） ...