苏州天脉主要从事导热散热材料及元器件的研发、生产及销售。 | 市值(亿元) | 时间 | 2023Y | | 2024Y 2025前三 | | --- | --- | --- | --- | --- | | 211.12 | | | | 季度 | | 机构持股 | 营业收入 (亿元) | | 9.43 | 8.18 | | | 归母净利润 | | 14.98 | 15.75 | | 北向资金持股比例 | (亿元) | | | | | 0.37% (12月31日) | 净资产收益率 (%) | | 19.51 | 9.26 | | 大股东质押率 | 毛利率 (%) | | 40.48 | 39.55 | | 最新监管情况 | 每股收益 (元) | | | | | 近一年无相关信息 | 经营活动现金流 (亿元) | | 1.75 | 1.29 | | | 应收账款 | | 2.71 | 3.21 | | | (亿元) | | | | (记者 刘志远 陈旭) 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每经AI快讯，"A股绿色报告"项目监控到的数据显示，苏州天脉（SZ3016 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301626 | 苏州天脉 | 179.53 | -7.92% | 3.20万 | 5.90亿 | | 301567 | 贝隆精密 | 50.28 | -5.28% | 3.58万 | 1.84亿 | | 600130 | *ST波导 | 4.19 | -4.99% | 44.88万 | 2006"T | | 002426 | 胜利精密 | 4.28 | -4.89% | 258.39万 | 11.19亿 | | 603626 | 科森科技 | 21.69 | -4.87% | 47.92万 | 10.34亿 | | 300916 | 朗特智能 | 32.17 | -4.85% | 5.85万 | 1.91亿 | | 300868 | 杰美特 | 34.05 | -4.70% | 3.66万 | 1.27亿 | | 002241 | 歌尔股份 | 26.97 | -3.68% | 189.19万 | 51.44亿 | | 300857 | 协创数据 ...

Core Viewpoint - Suzhou Tianmai (301626) has clarified its main product categories and applications in response to investor inquiries, highlighting its focus on thermal management solutions [1] Product Categories - The company’s primary products are divided into three major categories: heat dissipation devices, thermal materials, and thermal modules [1] - Key products include temperature equalization plates, thermal interface materials, heat pipes, thermal modules, and graphite thermal films [1] Application Scenarios - The temperature equalization plates are primarily used in various fields such as smartphones, laptops, communication servers, automotive electronics, communication base stations, projectors, and drones [1]

Core Viewpoint - Suzhou Tianmai (301626.SZ) has categorized its main products into three major categories: heat dissipation devices, thermal materials, and heat dissipation modules [1] Product Categories - The core products include temperature equalization plates, thermal interface materials, heat pipes, heat dissipation modules, and graphite heat dissipation films [1] - The temperature equalization plates are primarily used in various applications such as smartphones, laptops, communication servers, automotive electronics, communication base stations, projectors, and drones [1]

格隆汇1月14日丨苏州天脉(301626.SZ)在投资者互动平台表示，公司目前与北美大客户合作稳定，新产 品导入测试和协作进展良好，每个验证周期节点均按期完成，目前已进入量产化前验证的后期阶段。 ...

Core Viewpoint - Suzhou Tianmai's operating performance and gross margin have improved due to the revenue growth and margin increase of its core product, the uniform temperature plate, despite a decline in overseas revenue caused by specific customer demand adjustments [1][2]. Group 1: Operating Performance and Gross Margin - Suzhou Tianmai's main business revenue for the reporting period was 828.96 million yuan, 914.86 million yuan, 932.77 million yuan, and 806.86 million yuan, with net profits of 116.70 million yuan, 154.19 million yuan, 185.43 million yuan, and 142.57 million yuan respectively [2]. - The comprehensive gross margins were 29.32%, 32.86%, 40.48%, and 39.55% during the same periods [2]. - The uniform temperature plate, as the core product, accounted for 46.55%, 63.38%, 66.47%, and 65.35% of revenue, with its gross margin significantly increasing from 17.35% in 2022 to 38.56% in 2024 [2]. Group 2: Overseas Revenue and Market Dynamics - The proportion of overseas revenue decreased from 39.46% to 30.90%, primarily due to reduced procurement from key customer Samsung and its component suppliers [3]. - The gross margin for overseas sales is slightly higher than domestic sales, attributed to the application of products in mid-to-high-end models and favorable exchange rates [3]. - The company has implemented measures to mitigate exchange rate risks, with an estimated impact of ±3% fluctuation in USD/CNY exchange rate affecting total profit by approximately 5.28% [3]. Group 3: Product Demand and Inventory Management - Demand for heat pipes has declined due to technological iteration, with sales revenue dropping from 155.42 million yuan in 2022 to 1.72 million yuan in the first nine months of 2025 [4]. - Conversely, revenue from cooling modules has increased, reaching 70.79 million yuan in the first nine months of 2025, driven by higher penetration in laptops and automotive electronics [4]. - As of September 2025, inventory balance was 211.46 million yuan, a 28.12% increase year-on-year, primarily due to increased orders, with 89.05% of inventory aged less than one year [4]. Group 4: Fundraising and Investment Projects - The company plans to raise 786 million yuan for high-end uniform temperature plate capacity construction, adding an annual production capacity of 30 million pieces [5]. - The project is expected to have a post-tax internal rate of return of 16.76% and a payback period of 4.39 years, which is below the industry average [5]. - The existing capacity utilization rate for uniform temperature plates remains above 80%, with a projected global market growth rate of 14.21% annually from 2024 to 2032 [5]. Group 5: Compliance and Financial Health - As of September 2025, the company’s trading financial assets amounted to 355.49 million yuan, all in structured deposits, complying with regulatory requirements [7]. - The verification of overseas revenue shows a customer confirmation response rate of 91.66%, with a minimal discrepancy from customs export data [7]. - The company maintains a low debt ratio of 12.37% and has sufficient cash and financial assets to cover bond principal and interest payments [5][7].

国泰海通证券股份有限公司 关于 苏州天脉导热科技股份有限公司 创业板向不特定对象发行可转换公司债券 国泰海通证券股份有限公司 关于苏州天脉导热科技股份有限公司 之 发行保荐书 保荐人（主承销商） 中国（上海）自由贸易试验区商城路 618 号 二〇二六年一月 苏州天脉导热科技股份有限公司 发行保荐书 创业板向不特定对象发行可转换公司债券之发行保荐书 国泰海通证券股份有限公司（以下简称"保荐人"或"国泰海通"）接受 苏州天脉导热科技股份有限公司（以下简称"发行人"或"公司"或"苏州天 脉"）的委托，担任苏州天脉本次向不特定对象发行可转换公司债券（以下简 称"本项目"）的保荐人，孟庆虎、张晓伟作为具体负责推荐的保荐代表人， 特此向深圳证券交易所（以下简称"深交所"）出具本项目发行保荐书。 保荐人及指定的保荐代表人根据《中华人民共和国公司法》《中华人民共 和国证券法》等有关法律、法规和中国证券监督管理委员会、深交所的有关规 定，诚实守信，勤勉尽责，严格按照依法制订的业务规则、行业执业规范和道 德准则出具发行保荐书，并保证所出具文件的真实性、准确性和完整性。 本发行保荐书如无特别说明，相关用语具有与《苏州天脉导热科技股 ...

证券代码：301626 证券简称：苏州天脉 公告编号：2026-002 苏州天脉导热科技股份有限公司 关于申请向不特定对象发行可转换公司债券的审核问询函 特此公告。 苏州天脉导热科技股份有限公司 董事会 2026 年 1 月 12 日 回复及申请文件更新的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 苏州天脉导热科技股份有限公司（以下简称"公司"）于 2025 年 12 月 28 日收到深圳证券交易所出具的《关于苏州天脉导热科技股份有限公司申请向不特 定对象发行可转换公司债券的审核问询函》（审核函[2025]020084 号）（以下 简称"审核问询函"），深圳证券交易所上市审核机构对公司向不特定对象发行 可转换公司债券的申请文件进行了审核，并形成审核问询问题。 公司按照审核问询函的要求，会同相关中介机构对审核问询函所列的问题进 行了认真研究和逐项回复，并对相关申请文件进行了相应的补充和修订。现根据 要求对审核问询函回复予以披露，具体回复内容详见公司于同日在巨潮资讯网披 露的相关公告。公司将在审核问询函的回复报告和更新后的申请文件披露后，通 过深圳 ...

国浩律师（深圳）事务所 关于 苏州天脉导热科技股份有限公司 创业板向不特定对象发行可转换公司债券 之 补充法律意见书（一） 深圳市深南大道 6008 号特区报业大厦 24、31、41、42 楼 邮编：518034 24/F、31/F、41/F、42/F, Tequbaoye Building, 6008 Shennan Avenue, Shenzhen, Guangdong Province 518034, China 电话/Tel: (+86)(755) 8351 5666 传真/Fax: (+86)(755) 8351 5333 网址/Website: http://www.grandall.com.cn 二〇二六年一月 | 第一节 声明事项 | 4 | | --- | --- | | 第二节 正文 | 5 | | 第一部分 | 《问询函》回复 5 | | 一、《问询函》问题 | 1 5 | | 二、《问询函》问题 | 2 15 | | 第三节 签署页 | 21 | 国浩律师（深圳）事务所 补充法律意见书（一） 国浩律师（深圳）事务所 关于苏州天脉导热科技股份有限公司 创业板向不特定对象发行可转换公司债券 ...

之 国泰海通证券股份有限公司 关于 苏州天脉导热科技股份有限公司 创业板向不特定对象发行可转换公司债券 二〇二六年一月 苏州天脉导热科技股份有限公司 上市保荐书 上市保荐书 保荐人（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 声 明 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐人"或"本保 荐人"）接受苏州天脉导热科技股份有限公司（以下简称"苏州天脉"、"公司" 或"发行人"）的委托，担任苏州天脉本次向不特定对象发行可转换公司债券（以 下简称"本次发行"）的保荐人，孟庆虎、张晓伟作为具体负责推荐的保荐代表 人，为本次可转债上市出具上市保荐书。 本保荐人及保荐代表人已根据《中华人民共和国公司法》（下称《公司法》"）、 《中华人民共和国证券法》（下称"《证券法》"）、《证券发行上市保荐业务管 理办法》（下称"《保荐管理办法》"）、《上市公司证券发行注册管理办法（试 行）》（下称"《注册管理办法》"）、《深圳证券交易所创业板股票上市规则》等 有关法律、行政法规和中国证券监督管理委员会（以下简称"中国证监会"）、 深圳证券交易所有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则 和行 ...