证券代码：301489 证券简称：思泉新材 公告编号：2025-065 广东思泉新材料股份有限公司 第四届董事会第四次会议决议公告 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、误导性陈述或重大遗漏。 一、董事会会议召开情况 保荐机构长城证券股份有限公司对该事项出具了核查意见。 具体内容详见公司在巨潮资讯网(www.cninfo.com.cn)上披露的《关于部分募 广东思泉新材料股份有限公司（以下简称"公司"）第四届董事会第四次会 议通知于 2025 年 9 月 25 日以专人送达、邮件和电话等方式发出。会议于 2025 年 9 月 29 日在公司会议室以通讯会议的方式召开。本次会议应出席会议董事 9 人，实际参加董事 9 人，会议由董事长任泽明主持，公司高级管理人员列席了会 议。本次会议的召集、召开和表决程序符合有关法律、法规和《公司章程》的规 定，会议形成的决议合法有效。 二、董事会会议审议情况 1. 审议通过了《关于部分募投项目延期的议案》 公司本次部分募投项目延期是结合公司自身业务规划和实际经营需要作出 的审慎决定，符合公司的长远发展目标和全体股东的利益，不存在损害公司或中 ...

长城证券股份有限公司 二、募集资金投资项目情况 （一）募集资金专户存储情况 截至 2025 年 6 月 30 日，公司募集资金具体存放情况如下： | 开户银行 | 银行账号 | 存储余额（万元） | | --- | --- | --- | | 中国建设银行股份有限公司东莞企石支行 | 44050177750800001870 | 711.45 | | 中信银行股份有限公司东莞石龙支行 | 8110901012601659813 | 356.48 | | 上海浦东发展银行深圳分行深南中路支行 | 79130078801800001892 | 43.83 | | 招商银行东莞分行松山湖支行 | 769905911110828 | 0.26 | | 中国民生银行股份有限公司东莞塘厦支行 | 641829468 | 0.00 | | 合计 | | 1,112.01 | （二）募集资金投资项目的资金使用情况 关于广东思泉新材料股份有限公司 部分募投项目延期的核查意见 长城证券股份有限公司（以下简称"保荐机构"或"长城证券"）作为广东思 泉新材料股份有限公司（以下简称"公司"或"思泉新材"）首次公开发行股票并 在创业板上 ...

一、募集资金基本情况 经中国证券监督管理委员会《关于同意广东思泉新材料股份有限公司首次公 开发行股票注册的批复》（证监许可[2023]1373 号）同意注册，公司首次公开发 行人民币普通股（A股）股票 1,442.0334 万股，发行价格为人民币 41.66 元/股， 募集资金总额为人民币 60,075.11 万元，扣除发行费用人民币 6,737.99 万元（不 含税）后，实际募集资金净额为人民币 53,337.12 万元。上述募集资金到位情况 已经致同会计师事务所（特殊普通合伙）审验，并出具致同验字（2023）第 441C000480 号《验资报告》。公司已将上述募集资金进行了专户存储管理，并 与保荐机构、存放募集资金的商业银行签订了《募集资金三方监管协议》。 证券代码：301489 证券简称：思泉新材 公告编号：2025-066 广东思泉新材料股份有限公司 关于部分募投项目延期的公告 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、误导性陈述或重大遗漏。 广东思泉新材料股份有限公司（以下简称"公司"）于 2025 年 9 月 29 日召开 了第四届董事会第四次会议，审议通过了《关 ...

Market Overview - The electronic chemicals sector experienced a decline of 2.42% on September 26, with Siquan New Materials leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable stock performances included: - Anji Technology (code: 6108889) closed at 223.12, up 2.19% with a trading volume of 64,300 shares [1] - Weiteou (code: 301319) closed at 47.58, up 1.21% with a trading volume of 100,800 shares [1] - Siquan New Materials (code: 301489) closed at 255.00, down 6.59% with a trading volume of 45,400 shares and a transaction value of 1.17 billion [2] Capital Flow - The electronic chemicals sector saw a net outflow of 1.476 billion from institutional investors, while retail investors had a net inflow of 1.392 billion [2] - The capital flow for specific stocks included: - Anji Technology had a net inflow of 50.78 million from institutional investors [3] - Jianghuai Microelectronics (code: 603078) experienced a net inflow of 32.93 million from institutional investors [3] - Siquan New Materials had a significant net outflow of 6.59% [2]

Investment Rating - The electronic industry is rated as "Outperform the Market" [1] Core Insights - The semiconductor equipment sector leads the electronic industry with a weekly index increase of 2.96%, outperforming the CSI 300 index, which decreased by 0.44% [2] - NVIDIA is pushing suppliers to accelerate the development of MLCP liquid cooling technology due to the high power consumption of its new AI platforms, which is expected to exceed 2000W [5][6] - High-performance chips and AI servers are driving continuous iterations in liquid cooling technology, with NVIDIA's AI chips showing significant power increases from 400W to 1400W [6][10] - MLCP (Microchannel Liquid Cooling Plate) is identified as a key upgrade direction for liquid cooling technology, supporting higher TDP and lower thermal resistance compared to traditional cooling methods [19][21] Summary by Sections 1. Industry Performance - The SW electronic industry index increased by 2.96%, ranking 3rd among 31 sectors, while the top five sectors included coal (+3.51%) and electric equipment (+3.07%) [2][36] - The top three sub-sectors in the electronic industry were semiconductor equipment (+9.98%), optical components (+9.08%), and integrated circuit manufacturing (+5.63%) [40] 2. Liquid Cooling Technology - NVIDIA's new AI platforms require advanced liquid cooling solutions, leading to a demand for MLCP technology, which is 3 to 5 times more expensive than existing solutions [5][6] - Liquid cooling is more efficient than traditional air cooling, especially when cabinet density exceeds 20kW, significantly improving performance and lifespan of electronic devices [15][16] - MLCP technology allows for direct contact between cooling liquid and heat sources, drastically reducing thermal resistance and supporting higher power densities [19][21] 3. Potential Beneficiaries - Companies such as Invec, Highlan, and Siquan New Materials are highlighted as potential beneficiaries of the liquid cooling technology trend, each with unique capabilities in the market [22][24][26] - Invec has developed a comprehensive liquid cooling solution and has delivered 1.2GW of liquid cooling products with zero leakage [22][23] - Highlan offers a one-stop service for data center cooling solutions, maintaining a PUE value of less than 1.1 [24] - Siquan New Materials focuses on a complete thermal management product system, catering to various industries and providing customized solutions [26]

Group 1 - The liquid cooling server concept stocks showed active performance on September 23, with Hongsheng Co., Ltd. hitting the daily limit up [1] - Other companies such as Invec, Highlan Co., Ltd., Siquan New Materials, Shield Environment, and Kehua Data also experienced gains [1]

Market Performance - The electronic chemicals sector rose by 2.06% on September 22, with Weiteou leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Top Gainers - Weiteou (301319) closed at 42.08, with a significant increase of 19.99% and a trading volume of 158,600 shares, amounting to a transaction value of 633 million [1] - Other notable gainers include: - Siquan New Materials (301489) at 267.98, up 11.75% [1] - Dinglong Co., Ltd. (300054) at 35.10, up 5.69% [1] - Nanda Optoelectronics (300346) at 37.72, up 4.63% [1] Market Capital Flow - The electronic chemicals sector saw a net inflow of 15.1 million from institutional investors, while retail investors experienced a net outflow of 24.2 million [2] - The sector's overall capital flow indicates a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Nanda Optoelectronics (300346) had a net inflow of 25.2 million from institutional investors, while retail investors saw a net outflow of 23.1 million [3] - Zhongshi Technology (300684) experienced a net inflow of 15.8 million from institutional investors, with retail investors facing a net outflow of 16.4 million [3] - Shanghai Xinyang (300236) had a net inflow of 43.1 million from institutional investors, while retail investors saw a net outflow of 62.9 million [3]

Group 1 - The Google concept sector is showing strength, with notable stock increases in companies such as Siquans New Materials, GoerTek, and Green Precision [1]

Core Viewpoint - Siquan New Materials saw a stock price increase of 2.79%, reaching a new high of 246.5 CNY per share, with a total market capitalization surpassing 19.905 billion CNY and a trading volume of 139 million CNY [2] Company Summary - Siquan New Materials' stock price reached a record high of 246.5 CNY per share [2] - The company's total market capitalization exceeded 19.905 billion CNY [2] - The trading volume for the day was 139 million CNY [2]

Core Viewpoint - The article emphasizes the growing importance of thermal management solutions in the electronics industry, driven by advancements in high-end smartphones, AI computing demands, and the increasing power density of electric vehicle control systems. The thermal materials industry is rapidly evolving, showcasing a vibrant ecosystem of domestic companies and innovative technologies [2]. Group 1: Listed Companies - Feirongda (300602) is a leading expert in electromagnetic shielding and thermal management solutions, providing a complete product chain including thermal conductive materials, graphite films, and liquid cooling plates. The company serves major clients like Huawei and BYD in the communication and new energy sectors [3][5]. - Siquan New Materials (301489) focuses on thermal management materials, offering a comprehensive range of products such as graphite heat dissipation films and modules. The company has notable clients including Xiaomi and Google [18][20]. - Suzhou Tianmai (301626) is recognized for its comprehensive thermal management solutions, with products like thermal interface materials and heat pipes, serving major clients in the telecommunications and new energy vehicle sectors [22][23]. - Zhongshi Technology (300684) specializes in high-performance synthetic graphite thermal solutions, becoming a core supplier for top global consumer electronics brands like Apple. The company reported a revenue of 1.566 billion in 2024, with a 24.51% year-on-year increase [26][28]. - Lingyi Zhi Zao (002600) provides intelligent manufacturing services, with thermal management business revenue reaching 4.107 billion in 2024, reflecting a 9.20% increase from the previous year [30][34]. - AAC Technologies (02018) reported a significant growth of 40.1% in its thermal business, achieving a revenue of 326 million in 2024, and holds over 50% market share in the domestic flagship smartphone thermal market [35]. - Shuo Beid (300322) offers thermal products and reported a revenue of 1.86 billion in 2024, with a 12.37% increase from the previous year [36]. Group 2: Financial Performance - Feirongda's 2024 revenue reached 5.03 billion, with a net profit of 173 million, reflecting a 15.76% year-on-year growth [17]. - Siquan New Materials achieved a revenue of 656 million in 2024, marking a 51.10% increase compared to the previous year [21]. - Suzhou Tianmai reported a revenue of 943 million in 2024, with a slight increase of 1.62% year-on-year [25]. - Zhongshi Technology's revenue for 2024 was 1.566 billion, showing a 24.51% increase from 2023 [29]. - Lingyi Zhi Zao's total revenue for 2024 was 442 billion, with a 29.56% increase from the previous year [34]. - AAC Technologies' thermal business revenue reached 326 million in 2024, reflecting a 40.1% growth [35]. - Shuo Beid's revenue for 2024 was 1.857 billion, with a 12.37% increase from the previous year [36].