11月14日，超频三跌5.01%，截至发稿，报7.58元/股，成交4.54亿元，换手率12.94%，总市值34.66亿 元。 资料显示，深圳市超频三科技股份有限公司位于广东省深圳市龙岗区天安数码城4栋B座7楼，成立日期 2005年4月27日，上市日期2017年5月3日，公司主营业务涉及电子产品新型散热器件、锂电池正极材 料、LED照明灯具的研发、生产和销售,并为下游客户提供高质量的合同能源管理及照明工程等服务。 主营业务收入构成为：锂离子电池材料46.35%，散热产品28.92%，其他产品15.77%，LED照明灯具 5.04%，照明亮化工程3.92%。 从基金十大重仓股角度 数据显示，银华基金旗下1只基金重仓超频三。2000增强ETF（159555）三季度持有股数4.5万股，占基 金净值比例为0.71%，位居第八大重仓股。根据测算，今日浮亏损失约1.8万元。 责任编辑：小浪快报 2000增强ETF（159555）成立日期2023年12月1日，最新规模4419.59万。今年以来收益49.29%，同类排 名634/4216；近一年收益47.32%，同类排名315/3955；成立以来收益63.1%。 2000增强 ...

Core Viewpoint - The liquid cooling server index experienced a decline of 2.01%, with major constituent stocks under pressure [1]. Group 1: Stock Performance - Siquan New Materials saw the largest drop, falling by 6.42% [1]. - Kexin New Source decreased by 5.52% [1]. - Zhongshi Technology declined by 3.85% [1]. - Feirongda dropped by 3.76% [1]. - Chaoping San fell by 3.13% [1].

Market Performance - The main board led the gains with notable increases in stocks such as Shiji Information (+10.02%), Yongding Co. (+9.99%), and Data Port (+9.99%) [1] - The ChiNext board saw significant growth with stocks like Zhidema (+20.00%) and Chaoping San (+13.68%) [1] - The Sci-Tech Innovation board was led by Baiwei Storage (+13.21%) and Changguang Huaxin (+9.60%) [1] - Active sub-industries included SW Portal Websites (+2.98%) and SW Communication Application Value-Added Services (+2.68%) [1] Domestic News - Yiwentech launched the second generation of AR glasses, Even G2, featuring advanced specifications such as 640×350 resolution and 1200 nits peak brightness, with a 75% increase in display area compared to the previous generation [1] - Baidu announced the new Kunlun chip M100, optimized for large-scale reasoning scenarios, set to launch in 2026, and the M300 for ultra-large multimodal model training, expected in 2027 [1] - Cambricon announced its embrace of the FlagOS ecosystem, an open-source software stack supporting over 20 mainstream AI chip models [1] - UMC and Metalenz have entered mass production of the Polar ID facial recognition solution, which significantly reduces costs and complexity compared to existing methods [1] Company Announcements - SMIC reported Q3 2025 revenue of 17.162 billion yuan, a 6.9% increase quarter-on-quarter, with a gross margin of 25.5%, up 4.8 percentage points [3] - Hengyin Technology announced a significant shareholder reduction of 5% through block trading, with 5.7 million shares sold, representing 1.10% of total shares [3] - Hengshuo Co. completed its share reduction plan, selling 573,857 shares, which is 0.69% of total shares [3] - Zhixin Electronics received a patent for a heat shrink device, enhancing its production automation capabilities [3] Overseas News - Infineon reported a fiscal year 2025 revenue of 14.662 billion euros, a 2% year-on-year decline, with a profit of 2.56 billion euros and a profit margin of 17.5% [1] - Microchip Technology launched a new series of optical Ethernet PHY transceivers, offering 25 Gbps and 10 Gbps options [1] - The global smartphone panel market saw a significant quarterly growth, with Q3 2025 shipments reaching 580 million units, a year-on-year increase of approximately 5.2% [1] - Kioxia expects NAND demand to exceed supply, projecting a 15% growth in bit shipments for fiscal year 2025 [1]

Core Insights - The liquid cooling technology is gaining prominence in the digital economy era, driven by the "dual carbon" strategy and the national project "East Data West Computing" [1][2] - The capital market has responded positively, with the liquid cooling sector index rising by 2.22% and a total transaction volume of 58.358 billion yuan on November 13 [1] Industry Overview - Data centers, while being the engine of the digital economy, are also significant energy consumers, facing pressure to transform under the "dual carbon" strategy [2] - By 2025, data centers are required to improve energy efficiency by 30%, with a target Power Usage Effectiveness (PUE) of below 1.3, marking a critical threshold for operational viability [2] Technology and Market Dynamics - Traditional air cooling methods are inadequate for meeting the new efficiency standards, necessitating revolutionary cooling solutions like liquid cooling [2] - Liquid cooling technology can potentially reduce overall energy consumption in data centers by over 30%, with its cooling efficiency being significantly higher than that of air cooling [2] Competitive Landscape - The liquid cooling market is expanding rapidly, with companies like Zhongshi Technology and Wanma Technology increasing their investments in liquid cooling solutions [3] - The liquid cooling technology is evolving towards more efficient and intelligent systems, with two main types: cold plate liquid cooling and immersion liquid cooling, each with distinct advantages and cost implications [3] Future Trends - The immersion liquid cooling technology is expected to become mainstream as costs decrease, and it will likely integrate with AI and IoT for smarter thermal management [3]

Group 1 - The liquid cooling server sector is experiencing a significant upward trend, with multiple companies seeing substantial stock price increases [2] - Overclocking Three has reached a 20% limit up, indicating strong market interest and investor confidence [2] - Companies such as Tongfei Co., Ltd. and Invec have also reported notable gains, with increases of over 10% and 7% respectively [2] Group 2 - Jinfu Technology and Shenling Environment are also following the upward trend, suggesting a broader positive sentiment in the liquid cooling server industry [2]

风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 2000增强ETF（159555）成立日期2023年12月1日，最新规模4419.59万。今年以来收益47.41%，同类排 名589/4216；近一年收益46.25%，同类排名305/3951；成立以来收益61.04%。 2000增强ETF（159555）基金经理为张凯、张亦驰。 截至发稿，张凯累计任职时间13年3天，现任基金资产总规模19.92亿元，任职期间最佳基金回报 130.54%， 任职期间最差基金回报-43.75%。 张亦驰累计任职时间4年174天，现任基金资产总规模77.45亿元，任职期间最佳基金回报61.37%， 任职 期间最差基金回报-35.59%。 11月13日，超频三涨6.55%，截至发稿，报7.48元/股，成交5319.97万元，换手率1.63%，总市值34.21亿 元。 资料显示，深圳市超频三科技股份有限公司位于广东省深圳市龙岗区天安数码城4栋B座7楼，成立日期 2005年4月27日，上市日期2017 ...

深圳市超频三科技股份有限公司 证券代码：300647 证券简称：超频三 公告编号：2025-045 关于为全资子公司申请银行授信提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、担保情况概述 深圳市超频三科技股份有限公司（以下简称"公司"）于2025年5月19日召 开了2024年年度股东大会，审议通过了《关于预计2025年度担保额度暨关联担保 的议案》，同意公司向子公司提供总计不超过人民币7亿元的担保，期限为自2024 年年度股东大会审议通过之日起至2025年年度股东大会召开之日止，担保期限内 担保额度可循环使用。公司控股股东及实际控制人杜建军先生、刘郁女士同意为 部分子公司融资提供连带责任无偿担保，公司不提供反担保，且免于支付担保费 用。具体担保金额、担保方式、担保有效期、担保费率、收取方式等内容以实际 签署的协议为准。具体内容详见公司于2025年4月29日、2025年5月19日分别披露 在巨潮资讯网上的《关于预计2025年度担保额度暨关联担保的公告》（公告编号： 2025-016）、《2024年年度股东大会决议公告》（公告编号：202 ...

Company Overview - Chao Ping San was established on April 27, 2005, and listed on the Shenzhen Stock Exchange on May 3, 2017, with its registered and office address in Shenzhen, Guangdong Province. The company is a leading provider of electronic product cooling solutions in China, possessing high technical barriers and market share in the cooling technology field [1] Business Operations - The main business of Chao Ping San includes the research, development, production, and sales of new cooling devices for electronic products, lithium battery cathode materials, and LED lighting fixtures. The company also provides high-quality contract energy management and lighting engineering services to downstream customers. It belongs to the Shenwan industry category of electronics - consumer electronics - consumer electronic components and assembly, and is associated with concepts such as small-cap, smart city, 5G nuclear fusion, superconducting concepts, and nuclear power [1] Financial Performance - In Q3 2025, Chao Ping San reported an operating revenue of 631 million yuan, ranking 72nd among 88 companies in the industry. The top two companies in the industry, Industrial Fulian and Luxshare Precision, reported revenues of 603.93 billion yuan and 220.91 billion yuan, respectively, with the industry average at 15.49 billion yuan and the median at 1.415 billion yuan. The net profit for the same period was -7.69 million yuan, ranking 74th in the industry, with the top two companies reporting net profits of 22.52 billion yuan and 12.73 billion yuan, respectively, while the industry average was 635 million yuan and the median was 54.76 million yuan [2] Financial Ratios - As of Q3 2025, Chao Ping San's debt-to-asset ratio was 73.44%, which is higher than the industry average of 44.84% and also higher than the 58.58% from the same period last year. The gross profit margin for Q3 2025 was 14.09%, lower than the industry average of 19.47% and also lower than the 16.18% from the previous year [3] Executive Compensation - The chairman of Chao Ping San, Du Jianjun, has a salary of 960,000 yuan for 2024, which remains unchanged from 2023. Du Jianjun, born in 1968, holds a master's degree and has held various professional titles. He has served as the chairman and general manager of the company since December 2014 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders of Chao Ping San was 30,500, a decrease of 0.66% from the previous period. The average number of circulating A-shares held per household increased by 0.67% to 15,000 [5]

Core Insights - The company reported a revenue of 631 million yuan for the first three quarters of 2025, representing a year-on-year growth of 16.60% [1] - The net profit attributable to shareholders of the listed company was 2.1864 million yuan, showing a significant year-on-year increase of 104.67% [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 9.5858 million yuan [1]

深圳市超频三科技股份有限公司 投资者关系管理制度 深圳市超频三科技股份有限公司 投资者关系管理制度 第一章 总则 第一条 为规范深圳市超频三科技股份有限公司（以下简称"公司"）投资 者关系管理工作，进一步保护投资者的合法权益，建立公司与投资者之间及时、 互信的良好沟通关系，完善公司治理，根据《中华人民共和国公司法》《中华人 民共和国证券法》《上市公司治理准则》《上市公司投资者关系管理工作指引》 《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指 引第2号——创业板上市公司规范运作》等法律法规、规范性文件及《公司章程》 的相关规定，制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动 交流和诉求处理等工作，加强与投资者及潜在投资者之间的沟通，增进投资者对 公司的了解和认同，以提升公司治理水平和企业整体价值，实现尊重投资者、回 报投资者、保护投资者目的的相关活动。 第三条 公司投资者关系管理工作应体现公平、公正、公开原则，客观、真 实、准确、完整地介绍和反映公司的实际状况，避免过度宣传可能给投资者造成 的误导，依法保障投资者的知情权及其他合法权益。 第四条 公司开展 ...