Group 1 - The core viewpoint of the article highlights the widespread application of industrial robots in various industrial scenarios such as welding, cutting, stamping, spraying, loading and unloading, and palletizing, which significantly enhances production efficiency, safety, and intelligence levels [2] - The company’s temperature control products are designed to cool the control systems, drive systems, and supporting components like welding power supplies and laser generators of industrial robots, providing an optimal working environment [2]

Core Viewpoint - Tongfei Co., Ltd. has shown significant growth in revenue and net profit, indicating strong business performance and investor interest in the company [2][3]. Financing Summary - On September 17, Tongfei Co., Ltd. experienced a stock price increase of 1.38% with a trading volume of 516 million yuan. The financing buy-in amount was 41.09 million yuan, while the financing repayment was 61.67 million yuan, resulting in a net financing outflow of 20.58 million yuan. The total financing and securities balance reached 141 million yuan [1]. - The current financing balance of 141 million yuan accounts for 0.96% of the circulating market value, which is above the 80th percentile of the past year, indicating a high level of financing activity [1]. - In terms of securities lending, there were no shares sold or repaid on September 17, with a remaining balance of 100 shares valued at 8,597 yuan, which is above the 70th percentile of the past year [1]. Business Performance - As of June 30, the number of shareholders for Tongfei Co., Ltd. increased to 12,600, a rise of 27.29%, while the average circulating shares per person decreased by 21.09% to 6,153 shares [2]. - For the first half of 2025, the company reported a revenue of 1.264 billion yuan, representing a year-on-year growth of 58.04%. The net profit attributable to shareholders was 125 million yuan, showing a remarkable increase of 466.71% compared to the previous year [2]. Dividend and Shareholding Structure - Since its A-share listing, Tongfei Co., Ltd. has distributed a total of 337 million yuan in dividends, with 244 million yuan distributed over the past three years [3]. - As of June 30, 2025, new institutional shareholders have entered the top ten circulating shareholders, including Hong Kong Central Clearing Limited and several mutual funds, indicating growing institutional interest in the company [3].

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].

Group 1 - The core point of the article is that Tongfei Co., Ltd. (300990.SZ) has completed a share reduction plan, where Zhonghe Ying reduced its holdings by 764,400 shares, accounting for 0.4503% of the company's total share capital [1] Group 2 - The share reduction took place from September 12, 2025, to September 15, 2025, through centralized bidding [1] - As of the date of the announcement, the share reduction plan has been fully implemented [1]

Group 1 - The core point of the article is that Tongfei Co., Ltd. (300990.SZ) has completed a share reduction plan, where Zhonghe Ying reduced its holdings by 764,400 shares, accounting for 0.4503% of the company's total share capital [1] Group 2 - The share reduction took place from September 12 to September 15, 2025, through centralized bidding [1] - As of the date of the announcement, the share reduction plan has been fully implemented [1]

Group 1 - The core point of the article is that the controlling shareholder and actual controllers of Tongfei Co., Ltd. have reduced their shareholding due to the implementation of an equity incentive plan, resulting in a decrease in their total shareholding from 75.00% to 73.99% [1] - The reduction in shareholding involved a total of 764,400 shares being sold through centralized bidding, which represents 0.45% of the company's total share capital [1] - The changes in shareholding will not have a significant impact on the company's governance structure, equity structure, or future operations, nor will it lead to a change in control of the company [1]

证券代码：300990 证券简称：同飞股份 公告编号：2025-059 公司股东三河众和盈企业管理中心（有限合伙）保证向本公司提供的信息内 容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 三河同飞制冷股份有限公司（以下简称"公司"）于 2025 年 8 月 21 日披露 了《关于股东股份减持计划的预披露公告》（公告编号：2025-054），公司股东 三河众和盈企业管理中心（有限合伙）（以下简称"众和盈"，众和盈系公司控 股股东、实际控制人之一致行动人）拟自减持计划公告披露之日起 15 个交易日 后 3 个月内通过集中竞价减持公司股份不超过 764,400 股（占公司总股本比例 0.4503%）。 公司于近日收到众和盈出具的《股份减持计划实施完毕的告知函》，众和盈 于 2025 年 9 月 12 日至 2025 年 9 月 15 日通过集中竞价方式共减持公司股份 764,400 股，占公司总股本的 0.4503%。截至本公告披露日，众和盈本次减持计 划已实施完毕。 2024 年 11 月至 2025 年 6 月期间，公司因实施第一期限 ...

Group 1: Financial Performance - The company's revenue for the first half of 2025 was 1.12 billion, representing a growth of 58.04% compared to the previous year [2] - The net profit attributable to shareholders for the same period was 1.25 billion, showing a significant increase of 466.71% year-on-year [2] - The gross margin for the first half of 2025 was 23.65%, and the net margin was 9.88%, both of which have increased compared to the same period last year [3] Group 2: Revenue Breakdown - Revenue from power electronic temperature control products reached 819 million in the first half of 2025, a year-on-year increase of 77.48% [3] - Revenue from CNC equipment temperature control products was 389 million, reflecting a growth of 24.54% year-on-year [3] Group 3: Market Strategy and Product Development - The company is focusing on expanding its market share and improving cost control and expense management, which has contributed to the significant profit growth [2] - In the data center liquid cooling sector, the company has developed a full range of solutions, including cold plate liquid cooling and immersion liquid cooling systems [4][5] - The company has established core technologies and patents in industrial temperature control equipment, enhancing its competitive edge in the market [4] Group 4: Customer Engagement and Market Expansion - The company is actively pursuing market development in the data center sector, although specific customer collaborations are kept confidential [5] - The company has a strong presence in the semiconductor manufacturing process, providing temperature control solutions that meet stringent requirements [5]

证券代码：300990 证券简称：同飞股份 公告编号：2025-058 三河同飞制冷股份有限公司 暨 2025 年半年报集体业绩说明会的公告 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。 为进一步加强与投资者的互动交流，三河同飞制冷股份有限公司（以下简称 "公司"）将参加由河北上市公司协会与深圳市全景网络有限公司联合举办的 "2025 年河北辖区上市公司投资者网上集体接待日暨 2025 年半年报集体业绩说 明会活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与 本次互动交流，活动时间为 2025 年 9 月 15 日（周一）15:00-17:00。 届时公司董事长张国山先生，总经理张浩雷先生，常务副总经理、董事会秘 书兼财务总监高宇先生将在线就公司治理、发展战略、经营状况、可持续发展等 投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 三河同飞制冷股份有限公司董事会 关于参加 2025 ...

Industry Overview - The industrial temperature control equipment is crucial for precise temperature regulation in various production processes, enhancing the stability, reliability, and lifespan of industrial devices [1][3] - The market size of China's industrial temperature control equipment industry is projected to reach approximately 80 billion yuan in 2024, with a year-on-year growth of 12.83% [1][8] - The demand for high-precision temperature control equipment is surging due to the upgrading of intelligent manufacturing and the release of new industry needs, particularly in sectors like renewable energy, semiconductors, and data centers [1][8] Market Scale - The global industrial temperature control equipment market is expected to reach USD 19.658 billion in 2024, reflecting a year-on-year growth of 7.72% [6][8] - The data center market in China is projected to reach 277.3 billion yuan in 2024, with a year-on-year increase of 15.21%, driving the demand for temperature control equipment [5][8] Industry Chain - The upstream of the industrial temperature control equipment industry includes raw materials such as metals, plastics, and refrigerants, as well as mechanical components like compressors and heat exchangers [3] - The downstream applications encompass data centers, semiconductor manufacturing, energy storage systems, medical devices, and new energy vehicles [3] Key Companies - Invek Technology Co., Ltd. focuses on precision temperature control energy-saving equipment, serving major internet companies and participating in the supply chain of NVIDIA [10] - Tongfei Refrigeration Co., Ltd. specializes in industrial refrigeration equipment and has seen significant revenue growth, with a 109.02% increase in revenue year-on-year for Q1 2025 [10] Development Trends - Liquid cooling technology is emerging as a core growth point, with companies like Invek achieving significant energy savings through advanced cooling solutions [11] - The demand for high-precision temperature control equipment is expected to grow in new application areas such as electric vehicles and energy storage, driven by the rapid development of intelligent manufacturing [12] - The industry's transition towards low-carbon solutions is being accelerated by carbon neutrality goals, with companies adopting green technologies and participating in standard-setting initiatives [14]