预留授予部分第二个归属期归属名单的核查意见 三河同飞制冷股份有限公司（以下简称"公司"）董事会薪酬与考核委员会 依据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国证 券法》(以下简称"《证券法》")、《上市公司股权激励管理办法》《深圳证券交易 所创业板股票上市规则》《深圳证券交易所创业板上市公司自律监管指南第 1 号 ——业务办理》等有关法律、法规及规范性文件和《公司章程》《第一期限制性 股票激励计划（草案）》(以下简称"《激励计划（草案）》")的有关规定，对公司 第一期限制性股票激励计划(以下简称"本激励计划")预留授予部分第二个归属 期归属名单进行审核，发表核查意见如下： 本激励计划拟归属的 18 名预留授予激励对象符合《公司法》《证券法》等法 律、法规和规范性文件以及《公司章程》《激励计划（草案）》规定的任职资格， 符合《上市公司股权激励管理办法》《深圳证券交易所创业板股票上市规则》等 法律、法规和规范性文件规定的激励对象条件，符合本激励计划规定的激励对象 范围，其作为公司本激励计划预留授予部分激励对象的主体资格合法、有效，激 励对象获授限制性股票的第二个归属期归属条件已经成就。 ...

三河同飞制冷股份有限公司 三河同飞制冷股份有限公司 董事会薪酬与考核委员会 2025 年 10 月 23 日 董事会薪酬与考核委员会关于第二期限制性股票激励计划 首次授予部分第二个归属期及预留授予部分第一个归属期 归属名单的核查意见 1 三河同飞制冷股份有限公司（以下简称"公司"）董事会薪酬与考核委员会 依据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国证 券法》(以下简称"《证券法》")、《上市公司股权激励管理办法》、《深圳证券交 易所创业板股票上市规则》《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》等有关法律、法规及规范性文件和《公司章程》《第二期限制 性股票激励计划（草案）》(以下简称"《激励计划（草案）》")的有关规定，对公 司第二期限制性股票激励计划(以下简称"本激励计划")首次授予部分第二个归 属期及预留授予部分第一个归属期归属名单进行审核，发表核查意见如下： 本激励计划拟归属的 131 名首次授予激励对象及 36 名预留授予激励对象符 合《公司法》《证券法》等法律、法规和规范性文件以及《公司章程》《激励计划 （草案）》规定的任职资格，符合《上市公司股权激 ...

证券代码：300990 证券简称：同飞股份 公告编号：2025-063 三河同飞制冷股份有限公司 第三届董事会第二十一次会议决议公告 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。 一、董事会会议召开情况 三河同飞制冷股份有限公司（以下简称"公司"）第三届董事会第二十一次 会议于 2025 年 10 月 13 日以电话、邮件等方式通知了公司全体董事。会议于 2025 年 10 月 23 日以现场结合通讯会议的方式在公司会议室召开。会议应出席董事 9 名，实际出席董事 9 名（其中独立董事康金龙先生以通讯方式出席）。会议由公 司董事长张国山先生主持，公司全体高级管理人员列席了会议。本次会议的召集 和召开程序符合《公司法》及《公司章程》的相关规定。 二、董事会会议审议情况 1、审议通过《关于公司<2025 年第三季度报告>的议案》。 董事会认为：公司《2025 年第三季度报告》的编制符合法律、行政法规等 相关规定，其内容与格式符合中国证监会和深圳证券交易所的各项规定，报告所 披露的信息真实、准确、完整地反映了公司的实际情况，不存在任何虚假记载、 误导性陈述或者重 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥817,404,837.20, representing a 42.39% increase compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2025 was ¥55,566,639.52, an increase of 16.06% year-on-year[4] - The basic earnings per share for Q3 2025 was ¥0.32, reflecting a 14.29% increase compared to the same period last year[4] - The company's total revenue for the first nine months of 2025 was ¥2,080,918,696.90, a 51.50% increase year-on-year, driven by increased sales orders and expanded sales scale[11] - Total operating revenue for the current period reached ¥2,080,918,696.90, a significant increase of 51.5% compared to ¥1,373,555,026.59 in the previous period[26] - Net profit for the current period was ¥180,461,586.46, representing a 158.5% increase from ¥69,916,628.21 in the previous period[27] - Operating profit increased to ¥196,659,353.53, up 158.5% from ¥75,934,745.11 in the previous period[27] - Basic and diluted earnings per share increased to ¥1.06, compared to ¥0.41 in the previous period[28] - Total comprehensive income for the current period was ¥182,579,788.82, compared to ¥69,895,485.99 in the previous period[28] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥2,701,667,860.20, an increase of 8.14% from the end of the previous year[4] - The total assets increased from CNY 2,498,354,750.59 to CNY 2,701,667,860.20, representing a growth of approximately 8.1%[21] - Total liabilities rose from CNY 608,134,942.21 to CNY 675,496,239.45, an increase of approximately 11%[24] - The equity attributable to the parent company increased from CNY 1,890,219,808.38 to CNY 2,026,171,620.75, representing a growth of about 7.2%[25] Cash Flow - The company reported a net cash flow from operating activities of -¥41,264,944.63 for the year-to-date, a decline of 131.14% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of ¥41,264,944.63, compared to a net inflow of ¥132,519,949.48 in the previous period[29] - Cash received from operating activities decreased by 42.34% to ¥7,100,316.62 from ¥12,313,253.16, mainly due to a reduction in government subsidies received[13] - Cash and cash equivalents rose from CNY 165,941,608.57 to CNY 232,129,599.47, an increase of about 39.6%[22] - The cash and cash equivalents at the end of the period totaled ¥232,129,599.47, down from ¥297,917,948.86 at the end of the previous period[29] Expenses and Taxes - Operating costs for the first nine months of 2025 were ¥1,617,166,356.58, reflecting a 50.00% increase due to the rise in revenue[11] - The company experienced a 175.25% increase in income tax expenses for the first nine months of 2025, amounting to ¥16,619,025.77, due to an increase in taxable income[12] - Taxes paid surged by 92.37% to ¥107,853,228.91 from ¥56,065,362.08, attributed to higher VAT and corporate income tax payments[13] - Research and development expenses rose to ¥87,723,747.11, an increase of 22.1% from ¥71,954,931.29 in the previous period[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,068[15] - The top two shareholders, Zhang Guoshan and Zhang Haolei, hold 32.93% and 29.63% of shares, respectively, indicating significant ownership concentration[16] Other Financial Metrics - The weighted average return on equity for Q3 2025 was 2.80%, a slight increase of 0.10% compared to the previous year[4] - The company reported a significant increase in accounts receivable financing, which rose by 261.89% to ¥402,557,407.56 as of September 30, 2025[10] - The company reported a decrease in sales revenue from goods and services to ¥707,216,390.75, down from ¥834,830,702.16 in the previous period[29] - Cash received from investment income dropped by 54.89% to ¥1,674,412.00 from ¥3,711,763.21, primarily due to reduced investments in bank wealth management products[13] - Cash from the disposal of fixed assets increased significantly by 8110.08% to ¥1,734,953.23 from ¥21,132.00, reflecting a rise in cash recovered from asset disposals[13] - Cash payments for the acquisition of fixed assets decreased by 66.38% to ¥22,123,776.01 from ¥65,797,410.58, indicating a reduction in fixed asset investments[13] - Cash payments for investments fell by 33.33% to ¥250,000,000.00 from ¥375,000,000.00, mainly due to decreased investments in bank wealth management products[13] - The impact of exchange rate changes on cash and cash equivalents increased by 1354.86% to ¥3,697,698.54 from ¥254,161.90, primarily due to fluctuations in the euro exchange rate[13] Governance and Share Structure - The company plans to enhance governance effectiveness by revising its articles of association and electing employee representative directors[20] - The total number of restricted shares at the end of the period was 93,420,615, with 1,405,605 shares released during the period[19] - The company reported a significant increase in other receivables from CNY 1,783,516.48 to CNY 4,511,841.58, a growth of approximately 153.5%[23]

Core Viewpoint - The company has approved the second vesting period for its restricted stock incentive plan, confirming that 18 designated recipients meet the necessary criteria for stock allocation [1] Group 1 - The board's compensation and assessment committee reviewed the list of recipients for the second vesting period of the first phase of the restricted stock incentive plan [1] - A total of 18 recipients have been confirmed to meet the relevant regulations for the allocation of restricted stock [1] - The total number of shares to be vested for these recipients is 83,490 shares, which aligns with the company's regulations and does not harm the interests of the company and its shareholders [1]

证券代码：300990 证券简称：同飞股份 公告编号：2025-065 三河同飞制冷股份有限公司 三河同飞制冷股份有限公司（以下简称"公司"）于 2025 年 10 月 23 日召开 第三届董事会第二十一次会议，审议通过《关于作废第一期限制性股票激励计划 首次及预留授予部分已授予但尚未归属的限制性股票的议案》。现将有关事项公 告如下： 一、股权激励计划已履行的相关审批程序 （一）2022 年 10 月 25 日，公司召开第二届董事会第十五次会议，审议通 过《关于公司<第一期限制性股票激励计划（草案）>及其摘要的议案》《关于公 司<第一期限制性股票激励计划实施考核管理办法>的议案》《关于提请股东大会 授权董事会办理公司第一期限制性股票激励计划相关事宜的议案》等议案。公司 独立董事对本次激励计划的相关事项发表了同意的独立意见。 （二）2022 年 10 月 25 日，公司召开第二届监事会第十四次会议，审议通 过《关于公司<第一期限制性股票激励计划（草案）>及其摘要的议案》《关于公 司<第一期限制性股票激励计划实施考核管理办法>的议案》《关于核实公司<第 一期限制性股票激励计划激励对象名单>的议案》等议案。公司监事 ...

证券代码：300990 证券简称：同飞股份 公告编号：2025-067 三河同飞制冷股份有限公司 关于作废第二期限制性股票激励计划首次及预留授予部分 已授予但尚未归属的限制性股票的公告 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。 三河同飞制冷股份有限公司（以下简称"公司"）于 2025 年 10 月 23 日召开 第三届董事会第二十一次会议，审议通过《关于作废第二期限制性股票激励计划 首次及预留授予部分已授予但尚未归属的限制性股票的议案》。现将有关事项公 告如下： 一、股权激励计划已履行的相关审批程序 （一）2023 年 9 月 14 日，公司召开第三届董事会第三次会议，审议通过《关 于公司<第二期限制性股票激励计划（草案）>及其摘要的议案》《关于公司<第 二期限制性股票激励计划实施考核管理办法>的议案》《关于提请股东大会授权董 事会办理公司第二期限制性股票激励计划相关事宜的议案》等议案。公司独立董 事对本激励计划的相关事项发表了同意的独立意见。 （二）2023 年 9 月 14 日，公司召开第三届监事会第三次会议，审议通过《关 于公司<第二期限制性股票 ...

Core Viewpoint - The article emphasizes the critical role of liquid cooling technology in addressing the increasing thermal management challenges faced by data centers due to the rapid advancement of technologies like artificial intelligence and the Internet of Things. Traditional air cooling methods are becoming inadequate, making liquid cooling a key focus for sustainable development in data centers [5]. Summary by Sections Overview of Liquid Cooling Technology - Data centers are evolving towards "high performance, high density, and high energy consumption," with cooling systems accounting for approximately 40% of total energy consumption. Efficient heat dissipation is essential for sustainable development [5]. Company Profiles - **Shenzhen Envicool Technology Co., Ltd.**: Established in 2005, it specializes in precision cooling solutions for data centers and has a diverse product matrix including liquid cooling technologies widely used in high-power density servers [6][7]. - **Guangzhou Gaolan Energy-saving Technology Co., Ltd.**: Founded in 2001, it offers advanced cooling solutions with a focus on liquid cooling technologies, achieving a PUE as low as 1.08 in applications [10][12]. - **Sugon Information Industry Co., Ltd.**: With a comprehensive product system in liquid cooling, it has developed technologies that enhance heat exchange efficiency by over 15% [13][14]. - **Inspur Information**: A global leader in IT infrastructure, it holds a 5.5% market share in the global liquid cooling infrastructure market and has been the top provider in China for four consecutive years [16][17]. - **Ningchang Information Industry (Beijing) Co., Ltd.**: Focused on liquid cooling servers, it has developed a comprehensive system covering all scenarios of liquid cooling [20][22]. - **Sanhua Tongfei Refrigeration Co., Ltd.**: Established in 2001, it specializes in industrial temperature control technology and has developed solutions that significantly reduce energy consumption [24][26]. - **Jiangsu Likang Puting Precision Technology Co., Ltd.**: Founded in 2024, it focuses on efficient and energy-saving cooling solutions for data centers [27][28]. - **Nanjing Jialitu Room Environment Technology Co., Ltd.**: Established in 2003, it provides a full chain of services in environmental control, including liquid cooling solutions [31][33]. - **Kehua Data Co., Ltd.**: With a history dating back to 1988, it has developed liquid cooling solutions that achieve a PUE as low as 1.2 [36][37]. - **Shenzhen Keda Technology Co., Ltd.**: Founded in 1993, it offers comprehensive solutions for data centers, focusing on high-density liquid cooling products [39][40]. - **Guangdong Shenling Environment System Co., Ltd.**: Established in 2000, it provides integrated solutions for environmental control, including innovative liquid cooling systems [42][43]. - **Guangdong Haiwu Technology Co., Ltd.**: Focused on low-carbon solutions, it has developed a full-stack liquid cooling system adaptable to various power densities [46][47]. - **Shenzhen Green Cloud Technology Co., Ltd.**: A subsidiary of Wangsu Technology, it specializes in green data center solutions based on immersion cooling technology [50][51]. - **Yimikang Technology Group Co., Ltd.**: Established in 2002, it aims to lead in zero-carbon data center solutions, with a focus on various liquid cooling technologies [53][54]. - **Yuan Di (Guangzhou) Digital Technology Co., Ltd.**: Founded in 2021, it focuses on innovative liquid cooling products and solutions, achieving significant milestones in various industries [57][58]. - **Sichuan Chuanrun Co., Ltd.**: Established in 1992, it has developed dual technology routes in liquid cooling, achieving a PUE below 1.05 [61][62]. - **Changzhou Hester Technology Co., Ltd.**: With 25 years of experience, it has become a leader in liquid cooling technology, providing solutions for high-performance computing [64][65]. - **Beehe Electric (Taicang) Co., Ltd.**: Founded in 2006, it offers comprehensive thermal management solutions, including liquid cooling products [68][69]. - **Guangzhou Hashi Temperature Control Technology Co., Ltd.**: Established in 2023, it focuses on liquid cooling solutions and has developed a complete technical system for various applications [71][72]. - **Lanyang (Ningbo) Technology Co., Ltd.**: Founded in 2019, it provides comprehensive liquid cooling solutions for various industries, focusing on immersion cooling technology [73][74]. - **Zhejiang Yunchuang Zhida Technology Co., Ltd.**: A subsidiary of Zhejiang Kangsong, it offers customized liquid cooling solutions based on extensive experience in thermal management [77][78]. - **Henan Jingrui Cooling Technology Co., Ltd.**: Established in 2008, it provides solutions for various fields, including data centers [80][81]. - **H3C Group**: Offers high-density liquid cooling solutions to meet the growing performance demands of data centers [84]. Upcoming Events - The sixth Thermal Management Industry Conference and Expo will be held in 2025, focusing on thermal management technologies in data centers and consumer electronics, inviting industry professionals and researchers to participate [88].

南方财经10月17日电，同飞股份(300990.SZ)控股股东、实际控制人张国山、张浩雷、李丽于2025年10 月15日通过询价转让方式减持509.24万股，占公司总股本3.00%，转让价格65.33元/股，交易金额3.33亿 元。其中张国山减持350.04万股，张浩雷减持90.00万股，李丽减持69.20万股。转让完成后，上述股东 及其一致行动人合计持股比例由73.99%降至70.99%。 ...

Summary of AI Industry Conference Call Industry Overview - The AI chip demand is surging, driving the development of the industry chain, with major players like Meta and Google accelerating their ASIC chip deployments and repeatedly raising their demand forecasts for 2026, particularly with Google's V7 chip set to fully adopt liquid cooling technology [1][2] Key Points and Arguments - **Liquid Cooling Technology**: - Liquid cooling has become a standard for AI giants, with Google planning to fully adopt it by 2026 and Meta already implementing it in their self-developed chips [1][3] - Infinet is collaborating with Google to develop a universal CDU suitable for various ASIC chips, indicating a trend towards silent liquid cooling in the future [1][4] - **High-Speed Optical Modules**: - The evolution towards 1.6T optical modules is evident, with Google's V7 chip primarily utilizing this technology, benefiting leading companies like Zhongji Xuchuang and Xinyi Sheng [1][5] - The demand for CW light sources is also increasing, positively impacting companies like Yuanjie Technology [1][5] - **OCS Switches**: - Google's OCS switches are expected to achieve over 50% growth next year, benefiting manufacturers like Dekoli and Guangku Technology, as well as component suppliers like Tengjing Technology and Juguang Technology [1][6] - **Competitive Advantages**: - Infinet stands out in the global AI industry chain due to its comprehensive solutions and delivery capabilities, having secured clients like Intel, Meta, Google, and OpenAI [1][7][8] - Zhongji Xuchuang and Xinyi Sheng are recognized as leaders in the high-speed optical module sector, while Yuanjie Technology is a key supplier in the CW light source market [1][8] Additional Insights - **Market Dynamics**: - The global AI industry chain is accelerating, particularly in overseas markets, with OpenAI collaborating with major chip companies like Broadcom, AMD, and NVIDIA, creating a significant siphoning effect [2] - The domestic AI computing card market is currently facing a supply shortage, but improvements are expected in 2026, with major domestic players like Alibaba, ByteDance, and Tencent likely to increase their AI investments significantly [11] - **Emerging Technologies**: - The supernode technology is anticipated to explode in 2026, presenting opportunities across various sectors, including chips, machine manufacturing, optical modules, liquid cooling, copper connections, and server power supplies [12][13] - **AIDC Sector Outlook**: - The AIDC sector, which includes data center construction and power systems, is expected to see improved bidding progress as domestic chip supply increases in 2026, benefiting companies in cooling, power supply, and data center management [14] - **Market Volatility**: - Short-term market fluctuations due to tariff disturbances are not expected to alter the long-term growth trajectory of the AI industry, with upcoming catalysts likely to positively impact the entire industry chain [15]