Group 1: Liquid Cooling Business Development - The company is actively developing liquid cooling products, focusing on battery storage and data center applications, with significant core technology and patents acquired [2] - A subsidiary, Sulian Zhikong, was established on November 22, 2024, to independently develop liquid cooling products, aiming to create a second growth curve [2] - The UQD product for data center liquid cooling has completed major performance testing and is in the process of developing supporting components and systematic solutions [2] Group 2: Market Engagement and Orders - The company has established business contacts and technical exchanges with major domestic server manufacturers and international thermal management system integrators [3] - Currently, liquid cooling connectors for electric vehicles and power batteries are key components, but products for liquid-cooled servers and computers are still in the market expansion phase and have not yet generated bulk revenue [3] - Future orders and revenue will depend on industry development and customer demand [3] Group 3: Financial Performance and Shareholder Relations - The company does not have a share repurchase plan at this time, focusing instead on improving operational performance and intrinsic value [4] - Stock price fluctuations are influenced by macroeconomic policies, industry adjustments, speculative behaviors, and investor sentiment [4] - The company aims to enhance profitability and core competitiveness while maintaining communication with investors to improve market image and brand value [4]

Core Viewpoint - The company, Sulian Co., Ltd. (301397.SZ), announced on its investor interaction platform that its liquid cooling pipeline products meet UL V0 flame retardant requirements, and relevant certifications are currently underway [1] Group 1 - The liquid cooling pipeline products are designed to meet specific safety standards [1] - The company is in the process of obtaining relevant certifications for its products [1]

Core Viewpoint - The company, Sulian Co., Ltd. (溯联股份), announced on September 25 that its liquid cooling pipeline products meet UL V0 flame retardant requirements, and relevant certifications are currently underway [1] Company Summary - Sulian Co., Ltd. is in the process of obtaining certification for its liquid cooling pipeline products to ensure they meet UL V0 flame retardant standards [1]

Core Viewpoint - The report from Huaxin Securities indicates that Sulian Co., Ltd. experienced a decline in net profit for the first half of the year, but the company is positioned well in the automotive plastic fluid pipeline market and is expanding into liquid cooling business for growth opportunities [1] Financial Performance - In the first half of the year, the company achieved a net profit attributable to shareholders of 67.76 million yuan, a year-on-year decrease of 4.43% [1] - In Q2, the net profit attributable to shareholders was 34.25 million yuan, reflecting a year-on-year decline of 10.78% [1] Business Operations - The traditional business remains stable, with a focus on the automotive plastic fluid pipeline sector, where the company has over 20 years of experience [1] - Sulian Co., Ltd. has become one of the leading suppliers of automotive plastic fluid pipeline products in China [1] Market Trends - Compared to metal and rubber pipelines, nylon pipelines offer advantages such as lightweight, lower costs, and environmental benefits, making them more suitable for trends in automotive electrification and lightweighting [1] - The company is actively expanding its liquid cooling business to create new performance growth points [1] Investment Rating - The report maintains a "Buy" investment rating, suggesting confidence in the company's traditional nylon pipeline business and the potential breakthrough in the data center liquid cooling business [1]

Core Insights - The company reported a revenue of 668 million yuan for the first half of 2025, representing a year-on-year growth of 26.30%, while the net profit attributable to shareholders was 67.76 million yuan, a decline of 4.43% compared to the previous year [1] Group 1: Revenue and Profit Performance - The company achieved a revenue of 329 million yuan in Q2 2025, with a year-on-year increase of 10.14%, and a net profit of 34.25 million yuan [1] - The decline in net profit is attributed to a decrease in gross margin [1] Group 2: Business Segments and Growth Opportunities - The company specializes in automotive nylon fluid pipes and core components, with products including fuel, evaporative emission, vacuum brake pipe assemblies, and thermal management systems for new energy vehicles [1] - Nylon pipes are favored over metal and rubber pipes due to their lightweight, cost-effectiveness, and environmental benefits, aligning with trends in automotive electrification and lightweighting [1] - The average value of nylon pipes for traditional fuel vehicles is 440 yuan, indicating a stable market for traditional automotive applications [1] - The company is actively expanding its liquid cooling business to create new growth points, having established a subsidiary for energy storage and computing thermal management liquid cooling products [1] Group 3: Profit Forecast - The projected net profits for the company from 2025 to 2027 are 173 million yuan, 241 million yuan, and 299 million yuan, respectively, with corresponding EPS of 1.11 yuan, 1.55 yuan, and 1.92 yuan [2] - The current stock price corresponds to PE ratios of 42, 30, and 24 for the years 2025, 2026, and 2027, respectively [2]

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Su Lian Co., indicating a significant increase in trading activity and financing [1][2] - On September 23, Su Lian Co. saw a stock price increase of 3.79% with a trading volume of 459 million yuan, and a net financing purchase of 34.99 million yuan [1] - As of September 23, the total margin balance for Su Lian Co. reached 393 million yuan, accounting for 11.62% of its market capitalization, indicating a high level of financing activity compared to the past year [1] Group 2 - As of August 8, the number of shareholders for Su Lian Co. increased to 13,100, reflecting a growth of 16.85%, while the average circulating shares per person decreased by 14.42% [2] - For the first half of 2025, Su Lian Co. reported a revenue of 668 million yuan, representing a year-on-year growth of 26.30%, while the net profit attributable to shareholders decreased by 4.43% to 67.76 million yuan [2] Group 3 - Since its A-share listing, Su Lian Co. has distributed a total of 195 million yuan in dividends [3]

证券代码：301397 证券简称：溯联股份 公告编号：2025-050 届时，公司主要领导将在线就公司治理、发展战略、经营状况及可持续发展等 投资者所关心的问题进行互动交流，在信息披露允许的范围内解答投资者普遍关注 的问题，并广泛听取投资者的意见和建议。欢迎广大投资者踊跃参与！ 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。 为促进上市公司完善公司治理，进一步提高上市公司质量，加强与投资者之间 的信息沟通，重庆溯联塑胶股份有限公司（以下简称"公司"）将参加由重庆上市 公司协会联合深圳市全景网络有限公司举办的"重庆辖区上市公司2025年投资者网 上集体接待日暨半年度业绩说明会"。 重庆溯联塑胶股份有限公司 本次活动将于2025年9月25日（星期四）15:00-17:00进行网上交流，投资者可以 通过登录"全景路演"网站（https://rs.p5w.net）参与本次活动。 关于参加重庆辖区 2025 年投资者网上集体接待日 暨半年度业绩说明会活动的公告 2025 年 9 月 17 日 特此公告。 重庆溯联塑胶股份有限公司董事会 ...

Core Viewpoint - The company, Sulian Co., held its first extraordinary shareholders' meeting of 2025 on September 12, where key management appointments were made, including the election of new executives [1] Group 1: Management Appointments - The company elected Han Zongjun, Han Xiao (Big), Han Xiao (Small), and Lin Zha as new members of the management team [1] - Han Zongjun was appointed as the General Manager after review by the Board of Directors' Nomination Committee [1] - Han Xiao (Small) was appointed as the Deputy General Manager, while Han Xiao (Big) was appointed as the Secretary of the Board [1]

Group 1 - The company announced that it will hold the 2025 Employee Representative Assembly on September 12, 2025 [2] - The assembly agreed to elect Mr. Cao Hong as the employee representative director of the company's fourth board of directors [2]

Group 1 - The company, Su Lian Co., announced the election of Mr. Han Zongjun as the chairman [2]