Investment Rating - The industry rating is "Outperform the Market" [4] Core Insights - The hydrogen energy index closed at 2322.90 points as of August 8, 2025, with a weekly increase of 3.68% and a year-to-date increase of 30.73% [9][10] - The number of successful bids for electrolyzer projects has increased, and the hydrogen heavy-duty truck has made significant progress, with a 400kW fuel cell hydrogen truck entering the testing phase [36] Summary by Sections 1. Hydrogen Industry Market Performance - The hydrogen energy index has shown an upward trend, ranking 29th among Shenwan secondary industries as of August 8, 2025 [9] - The top five companies in the hydrogen energy sector for weekly gains were Huaguang Huaneng (46.75%), Koweir (39.81%), Sulian Co. (31.25%), ST Diweixun (30.77%), and Chunhui Zhikong (23.31%) [14] 2. Hydrogen Industry Data Review 2.1 Electrolyzer Data Review - A total of 5 successful bids for hydrogen projects were recorded this week, including 3 for electrolyzers, with a total hydrogen production capacity of 3 Nm³/h [16] - New bidding projects for electrolyzers include a total scale of 55 MW and a hydrogen production capacity of 11,000 Nm³/h [18] 2.2 FCV Related Data Review - In July 2025, the production of fuel cell vehicles (FCVs) increased by 21.81% month-on-month, with 229 new units produced [19] - Cumulative production of FCVs reached 1,593 units in the first seven months of 2025, a year-on-year decrease of 54.47% [19] 3. Industry Dynamics and Company Updates 3.1 Industry Dynamics - A 50,000-ton wind-solar green electricity hydrogen liquefaction project has been approved [31] - The world's first 30MW pure hydrogen gas turbine demonstration project has officially started construction [31] 3.2 Hydrogen Company Dynamics - The 400kW fuel cell hydrogen heavy-duty truck developed by Rongcheng New Energy has completed integration and entered the testing phase [34] - Tianhe Yuan Hydrogen's MW-level container hydrogen production equipment has been shipped to Europe for demonstration [34]

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问，UQD在内的各类相关零部件，向相关客户推广 的进度如何？预计什么时候能够量产供货？ 溯联股份（301397.SZ）8月13日在投资者互动平台表示，公司已完成UQD产品核心性能测试验证，目 前正重点研发配套液冷组件及独立系统化性能解决方案，并已面向目标客户开展推广。 ...

溯联股份在互动平台表示，公司已完成UQD产品核心性能测试验证，目前正重点研发配套液冷组件及 独立系统化性能解决方案，并已面向目标客户开展推广。 ...

Group 1 - The stock price of Su Lian Co., Ltd. was reported at 40.01 yuan as of August 11, 2025, with a decrease of 0.98 yuan, representing a decline of 2.39% from the previous trading day [1] - The stock opened at 42.01 yuan, reached a high of 43.98 yuan, and a low of 39.04 yuan, with a trading volume of 146,000 hands and a total transaction amount of 596 million yuan, showing a fluctuation of 12.05% [1] - The company specializes in automotive parts manufacturing, with its products widely used in the complete vehicle supply chain, and is registered in Chongqing [1] Group 2 - On August 11, the stock experienced multiple rapid fluctuations, including a drop of over 2% within 5 minutes at 9:35 AM, followed by a rebound of over 2% within 5 minutes at 9:42 AM, with transaction amounts of 157 million yuan and 222 million yuan respectively [1] - On the same day, the net outflow of main funds was 15.79 million yuan, accounting for 0.56% of the circulating market value, while the cumulative net inflow over the past five trading days was 12.76 million yuan, representing 0.45% of the circulating market value [1]

Investment Rating - The industry investment rating is Neutral [8] Core Insights - AI liquid cooling is transitioning from an optional to a necessary solution, with demand expected to drive rapid growth in market space and penetration rates [8] - The acceleration of ASIC layouts and the increase in domestic computing cluster scale will open new growth opportunities for the liquid cooling market [8] - The overseas supply gap in liquid cooling will provide opportunities for domestic suppliers to expand internationally, with expectations of moving from component supply to modular and integrated solutions [8] - The AI liquid cooling sector has high barriers to entry and significant value, suggesting a favorable competitive landscape and profitability in the medium to long term [8] Summary by Sections Liquid Cooling Market Dynamics - The demand for AI computing centers is driving the need for high-density GPU clusters, leading to a shift towards liquid cooling solutions [8] - Major cloud service providers are accelerating the development of customized ASICs and integrating liquid cooling solutions [8] Investment Recommendations - Suggested companies to watch include: - Yinvik (002837, Not Rated) - Yinlun (002126, Buy) - Feilong (002536, Not Rated) - Chuanhuan Technology (300547, Not Rated) - Xiangxin Technology (002965, Not Rated) - Sulian Technology (301397, Not Rated) - Zhongding (000887, Not Rated) [3]

溯联股份最新一期业绩显示，截至2025一季报，公司营业总收入3.39亿元、同比增长47.22%，归属净利 润3351.22万元，同比增长3.08%，扣非净利润3268.69万元，同比增长5.69%，流动比率2.933、速动比率 2.350、资产负债率23.16%。 资金流向方面，今日主力资金净流入4913.70万元，占比成交额7.78%。其中，超大单净流入5546.13万 元、占成交额8.79%，大单净流出632.44万元、占成交额1.0%，中单净流出流出1158.51万元、占成交额 1.84%，小单净流出3755.19万元、占成交额5.95%。 天眼查商业履历信息显示，重庆溯联塑胶股份有限公司，成立于1999年，位于重庆市，是一家以从事汽 车制造业为主的企业。企业注册资本11994.2266万人民币，实缴资本5640万人民币。公司法定代表人为 韩宗俊。 金融界消息 截至2025年8月6日收盘，溯联股份（301397）报收于36.21元，上涨13.83%，换手率 24.81%，成交量17.55万手，成交金额6.31亿元。 通过天眼查大数据分析，重庆溯联塑胶股份有限公司共对外投资了7家企业，参与招投标项目5次， ...

公司发布的一季报数据显示，一季度公司共实现营业收入3.39亿元，同比增长47.22%，实现净利润 3351.22万元，同比增长3.08%，基本每股收益为0.2800元，加权平均净资产收益率1.71%。（数据宝） 证券时报·数据宝统计显示，溯联股份所属的汽车行业，目前整体跌幅为0.07%，行业内，目前股价上涨 的有84只，涨幅居前的有飞龙股份、溯联股份、湖南天雁等，涨幅分别为9.99%、6.92%、6.90%。股价 下跌的有195只，跌幅居前的有捷众科技、飞乐音响、豪恩汽电等，跌幅分别为6.13%、4.37%、 3.29%。 两融数据显示，该股最新（8月5日）两融余额为2.07亿元，其中，融资余额为2.07亿元，近10日增加 1518.67万元，环比增长7.92%。 公司8月4日在交易所互动平台披露，截至最新（7月31日）股东户数为11231户，较上期（7月20日）增 加112户，环比增长1.01%。 溯联股份股价创出历史新高，截至9:32，该股上涨6.92%，股价报34.01元，成交量186.38万股，成交金 额6206.71万元，换手率2.63%，该股最新A股总市值达52.94亿元，该股A股流通市值24.0 ...

Company Overview - The stock price of Su Lian Co., Ltd. is reported at 31.20 yuan as of August 4, 2025, reflecting a decrease of 0.10% from the previous trading day [1] - The opening price for the day was 30.81 yuan, with a high of 31.38 yuan and a low of 30.51 yuan, resulting in a trading volume of 36,000 hands and a transaction value of 111 million yuan [1] Business Operations - Su Lian Co., Ltd. specializes in the manufacturing of automotive components, including core parts such as automotive thermal management systems [1] - The company operates within the automotive parts industry and is also involved in the new energy vehicle sector [1] Shareholder Information - As of July 31, 2025, the number of shareholders increased by 1.01% to 11,200 [1] - The average number of shares held per shareholder decreased to 6,298 shares, with an average market value of 193,400 yuan, which is below the automotive industry average of 314,500 yuan [1] Capital Flow - On August 4, 2025, the net inflow of main funds was 8.73 million yuan, with a cumulative net inflow of 10.55 million yuan over the past five days [1]

证券代码：301397 证券简称：溯联股份 公告编号：2025-030 重庆溯联塑胶股份有限公司 2024 年年度权益分派实施公告 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、误导性陈述或重大遗漏。 1、重庆溯联塑胶股份有限公司（以下简称"公司"或"本公司"）自本次利润分配 预案公布后至本公告披露期间，因公司 2025 年限制性股票激励计划第一类限制性股票首 次授予登记完成，公司回购专用证券账户持有股份由 1,103,490 股减少至 873,490 股。根 据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》的相关规定，回购专 用证券账户股份不享有本次利润分配权利。故本次实际参与权益分派的股本为现有总股 本 119,942,266 股扣除回购专用证券账户中持有股份 873,490 股后的股本 119,068,776 股， 即本次权益分派将以此股本为基数，向全体股东每 10 股派 8.00 元人民币（含税），实际 派发现金分红总额 95,255,020.80 元（含税），同时以资本公积金向全体股东每 10 股转增 3 股，合计转增 35,720,632 股，转增后公司总 ...

Core Viewpoint - Chongqing Sulian Plastic Co., Ltd. has completed the registration of the first category of restricted stock under its 2025 restricted stock incentive plan, which involves granting 230,000 shares to 10 incentive objects, accounting for 0.192% of the company's total share capital [1][3][18] Group 1: Approval and Registration Process - The incentive plan has undergone necessary approval procedures, including the approval of the draft plan and the authorization of the board of directors to handle related matters [2][3] - The company’s supervisory board has verified the list of incentive objects and found no objections during the public notice period [2][3] Group 2: Details of the Restricted Stock Grant - A total of 230,000 shares were granted, with 130,000 shares (56.522%) allocated to other core personnel [3][4] - The total number of shares involved in all effective incentive plans does not exceed 20% of the company's total share capital as of the announcement date [3] Group 3: Vesting and Lock-up Periods - The effective period for the first category of restricted stock is up to 60 months from the completion of the initial grant registration [4][5] - The lock-up periods for the granted shares are set at 12, 24, and 36 months, with specific percentages of shares becoming eligible for release at each interval [5][6] Group 4: Performance Assessment Requirements - The performance assessment for the first category of restricted stock corresponds to the fiscal years 2025 to 2027, with specific net profit targets set for each year [8][10] - If the company fails to meet the performance targets, the unvested shares will be repurchased at the grant price plus interest [12] Group 5: Financial and Structural Impact - The total number of shares before and after the grant remains unchanged, ensuring that the stock distribution complies with listing requirements [15][18] - The funds raised from the stock grant will be used to supplement the company's working capital [17]