据证券之星公开数据整理，近期苏州天脉（301626）发布2025年中报。截至本报告期末，公司营业总收 入5.08亿元，同比上升11.2%，归母净利润9445.4万元，同比下降2.14%。按单季度数据看，第二季度营 业总收入2.58亿元，同比上升17.1%，第二季度归母净利润4005.52万元，同比上升0.04%。本报告期苏 州天脉公司应收账款体量较大，当期应收账款占最新年报归母净利润比达150.16%。 本次财报公布的各项数据指标表现一般。其中，毛利率41.64%，同比增3.13%，净利率18.59%，同比减 11.99%，销售费用、管理费用、财务费用总计5960.64万元，三费占营收比11.73%，同比增21.81%，每 股净资产13.19元，同比增32.46%，每股经营性现金流0.91元，同比减26.53%，每股收益0.82元，同比减 26.13% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 4.57亿 | 5.08亿 | 11.20% | | 归母净利润(元) | 9651.49万 | 9445.4万 ...

Company Overview - Company Name: Suzhou Tianmai Thermal Conductive Technology Co., Ltd [1] - Stock Code: 301626.SZ [1] - IPO Application Date: June 16, 2022 [1] - Listing Date: October 24, 2024 [1] - Industry: Computer, Communication, and Other Electronic Equipment Manufacturing [1] - Underwriter: Guotou Securities [1] Disclosure and Evaluation - Disclosure Quality: Required to improve the quality of information disclosure and provide details on major clients under the VMI model [1] - Regulatory Penalties: No penalties imposed [2] - Public Supervision: No deductions for public supervision [2] - Listing Cycle: Listed in 861 days, exceeding the average of 629.45 days for 2024 A-share listings [2] - Multiple Applications: Not applicable, no deductions [3] Financial Metrics - Underwriting Fees: Total underwriting and sponsorship fees amounted to 46.05 million yuan, with a commission rate of 7.50%, lower than the average of 7.71% [3] - Initial Listing Performance: Stock price increased by 455.68% on the first day of listing [4] - Three-Month Performance: Stock price rose by 314.60% within three months post-listing [5] - Issuance Price-Earnings Ratio: Issuance P/E ratio of 16.31, significantly lower than the industry average of 31.49, representing 51.79% of the industry average [6] - Fundraising: Expected to raise 464 million yuan, actual fundraising reached 614 million yuan, with an oversubscription rate of 32.33% [7] Short-term Performance - Revenue Growth: Company revenue increased by 1.62% year-on-year [8] - Net Profit Growth: Net profit attributable to shareholders grew by 20.26% year-on-year [8] - Non-recurring Net Profit Growth: Non-recurring net profit increased by 18.79% year-on-year [8] - Subscription Rate: Abandonment rate of 0.21% [9] Overall Evaluation - Total Score: Suzhou Tianmai's IPO project scored 83.5 points, classified as B-level [9] - Negative Factors: Disclosure quality needs improvement, listing cycle exceeds two years, and abandonment rate of 0.21% [9]

Core Viewpoint - Suzhou Tianmai, a leading thermal management technology company, demonstrates strong revenue growth driven by the consumer electronics and new energy sectors, showcasing its robust R&D capabilities and market competitiveness [1] Financial Performance - In the first half of 2025, Suzhou Tianmai achieved operating revenue of 508 million yuan, a year-on-year increase of 11.20% [1] - The net profit attributable to shareholders was 94.454 million yuan, a slight decrease of 2.14% year-on-year [1] - The company reported a healthy cash flow, with a net cash flow from operating activities of 105 million yuan and cash received from sales and services amounting to 548 million yuan [2] - Total assets reached 1.74 billion yuan by the end of the reporting period [2] Technological Advantages - Suzhou Tianmai focuses on the research and application of thermal conductive and heat dissipation products, aiming to be a leading provider of comprehensive thermal management solutions [3] - The company holds 98 patents, including 17 invention patents, with several more pending [3] - R&D investment in the first half of 2025 reached 45.0065 million yuan, reflecting a year-on-year increase of 32.91%, with an R&D expense ratio of 8.86% [3] Customer Resources and Market Diversification - With over a decade of experience in the thermal management field, Suzhou Tianmai has established a strong customer base, supplying products to renowned brands such as Samsung, OPPO, vivo, Huawei, and NIO [4] - The company maintains good relationships with various domestic and international consumer electronics manufacturers, including BYD, Foxconn, and others [4][5] - This diversified customer structure reduces operational risks and provides more opportunities for sustained growth [5] Future Outlook - The company plans to closely monitor industry technologies, customer needs, market trends, and policy changes to optimize production processes [6] - With the rapid development of technologies such as 5G, artificial intelligence, and the Internet of Things, the demand for efficient heat dissipation solutions is expected to grow [6][7] - Suzhou Tianmai is well-positioned to seize market opportunities arising from this technological innovation wave [6][7]

每经头条（nbdtoutiao）——世界首例基因编辑猪肺成功移植人体 对话主要参与者：距离临床应用还有 多远？ 每经AI快讯，苏州天脉8月27日晚间发布公告称，公司第三届第十次董事会会议于2025年8月26日在公 司会议室以现场和通讯相结合的方式召开。会议审议了《关于公司2025年半年度报告全文及其摘要的议 案》等文件。 （记者 张喜威） ...

Core Viewpoint - Suzhou Tianmai Thermal Conductivity Technology Co., Ltd. has released a "Share Buyback Management System" to regulate share buyback activities, aiming to protect the legal rights of investors and the company [1] Group 1: Buyback Applicable Situations - The company’s share buyback is primarily applicable for reducing registered capital, employee stock ownership plans, converting convertible bonds into shares, and necessary actions to maintain company value and shareholder rights [2] - Conditions for maintaining company value include the stock closing price being below the latest net asset value per share or a cumulative decline of 20% over 20 consecutive trading days [2] Group 2: Strict Basic Requirements for Buyback - The company must meet conditions such as being listed for at least six months and having no major legal violations in the past year [3] - Buyback methods include centralized bidding, tender offers, and other methods recognized by the China Securities Regulatory Commission [3] - The total shares held after buyback must not exceed 10% of the total issued shares, and shares must be transferred or canceled within three years after the buyback announcement [3] - The company must reasonably arrange the number and scale of buybacks, with clear upper and lower limits on the total amount, and specify the implementation period [3] Group 3: Implementation Procedures and Information Disclosure - Proposals for share buybacks can be made by eligible proposers to the board, which must evaluate and announce the decision promptly [4] - The buyback plan requires approval from the shareholders' meeting or board, with different procedures based on the situation [4] - Once disclosed, the buyback plan cannot be changed or terminated without valid reasons, and the company must timely disclose buyback reports and results [4] - Shares bought back must be canceled or transferred according to regulations, and specific shares can be sold after a designated period while adhering to disclosure requirements [4] - The improvement of the buyback management system by Suzhou Tianmai is expected to standardize buyback behavior, safeguard legal rights, and promote sustainable development [4]

证券代码：301626 证券简称：苏州天脉 公告编号：2025-025 苏州天脉导热科技股份有限公司 关于公司取消监事会、修订《公司章程》并办理工商变更登 记的公告 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"或"苏州天脉"）于 2025 年 8 月 26 日召开第三届董事会第十次会议及第三届监事会第八次会议，审 议通过了《关于公司取消监事会、修订<公司章程>并办理工商变更登记的议案》。 现将有关情况公告如下： 一、取消监事会情况 根据《中华人民共和国公司法》《上市公司章程指引》等法律法规的最新规 定，结合公司实际情况，公司不再设监事会或监事，董事会下设的审计委员会将 行使《中华人民共和国公司法》规定的监事会的职权，《苏州天脉导热科技股份 有限公司监事会议事规则》相应废止。 二、《公司章程》修订情况 基于上述取消监事会的实际情况，同时根据《上市公司章程指引》《深圳证 券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等法律、 法规、规范性文件的最新规定，公司拟对《苏州天脉导热科技股份有限公司章程 ...

证券代码：301626 证券简称：苏州天脉 公告编号：2025-024 苏州天脉导热科技股份有限公司 关于 2025 年半年度募集资金存放、管理与使用情况的专项报告 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、募集资金基本情况 1、实际募集资金金额、资金到位时间 苏州天脉导热科技股份有限公司（以下简称"本公司"或"公司"）经深圳 证券交易所创业板上市委员会审议通过、中国证券监督管理委员会同意注册批复 （证监许可[2024]479 号），首次公开发行人民币普通股（A 股）2,892 万股，发 行价格为每股 21.23 元，募集资金总额为 613,971,600.00 元，扣除承销及保荐费、 审计费、律师费、信息披露费等其他发行费用 69,045,429.07 元后，实际募集资 金净额为 544,926,170.93 元。以上募集资金已由公证天业会计师事务所（特殊普 通合伙）于 2024 年 10 月 21 日对公司首次公开发行股票的资金到位情况进行了 审验，并出具"苏公 W[2024]B075 号"《验资报告》。 2、募集资金使用及结余情况 截至 202 ...

证券代码：301626 证券简称：苏州天脉 公告编号：2025-026 苏州天脉导热科技股份有限公司 关于使用超募资金向全资子公司提供借款以实施募投项目 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"或"苏州天脉"）于 2025 年 8 月 26 日召开第三届董事会第十次会议和第三届监事会第八次会议，审 议通过了《关于使用超募资金向全资子公司提供借款以实施募投项目的议案》， 同意公司拟使用剩余超募资金向全资子公司嵊州天脉导热科技有限公司（以下简 称"嵊州天脉"）提供不超过人民币 4,301.71 万元的无息借款。本议案尚需提交 公司股东大会审议，同时提请股东大会授权公司管理层及其授权人士全权办理上 述借款事项后续具体工作。现将有关事项公告如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意苏州天脉导热科技股份有限公司首次 公开发行股票注册的批复》（证监许可[2024]479 号）同意注册，公司首次公开 发行人民币普通股（A股）2,892.00 万股，每股面值为人民币 1.00 元，发行价格 为 ...

苏州天脉导热科技股份有限公司 2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 单位：万元 | | | | | | | | | | | | 单位：万元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占 | 资金占用方名称 | 占用方与上市公司 | | 上市公司核算的会 | 2025年期初占用资 | 2025年半年度占用累 计发生金额（不含利 | 2025年半年度占用 资金的利息（如 | 2025年半年度偿还 | 2025年6月期末占用 | 占用形成原因 | 占用性质 | | 用 | | 的关联关系 | | 计科目 | 金余额 | 息) | 有） | 累计发生金额 | 资金余额 | | | | 控股股东、实际 控制人及其附属 | | - | - | - | - | - | - | | - | - | 非经营性占用 | | 企业 | | | | | | | | | | | | | 小计 | —— | —— | | —— | - | - | - | | - | - | —— | | ...

证券代码：301626 证券简称：苏州天脉 公告编号：2025-027 苏州天脉导热科技股份有限公司 关于召开 2025 年第一次临时股东大会通知的公告 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 8 月 26 日召开第三届董事会第十次会议，审议通过了《关于召开 2025 年第一次临时股 东大会的议案》，决定于 2025 年 9 月 12 日召开公司 2025 年第一次临时股东大 会，现将本次股东大会的有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2025 年第一次临时股东大会 2、股东大会召集人：公司第三届董事会 3、会议召开的合法、合规性：经公司第三届董事会第十次会议审议通过， 公司决定召开 2025 年第一次临时股东大会。本次会议召集程序符合有关法律、 行政法规、部门规章、规范性文件和《苏州天脉导热科技股份有限公司章程》的 规定。 4、会议召开的日期、时间： (1) 现场会议时间：2025 年 9 月 12 日（星期五）下午 14:00 (2) 网络投票时间： 通过深圳 ...