Group 1: Market Overview - The global vapor chamber market is projected to reach USD 1.24 billion in 2024, representing a growth of 56.57% compared to 2022, and is expected to reach USD 3.59 billion by 2032, with a CAGR of 14.21% from 2024 to 2032 [1] - The demand for vapor chambers is increasing due to the rising cooling needs in emerging fields such as smartphones, electric vehicles, and 5G base stations, alongside advancements in manufacturing technology [1] Group 2: Company Developments - The company plans to invest in two new projects to expand its high-end vapor chamber production capacity, including a project in Suzhou with a total investment of CNY 1.7 billion, which will add an annual production capacity of 30 million units [1] - Another project in Suzhou will utilize existing facilities with a planned investment of CNY 600 million, aiming to add an annual production capacity of 18 million units [1] Group 3: Strategic Partnerships - The company has formed a joint venture with Jianzhun Electric to establish Tianmai Jianzhun Cooling Technology (Suzhou) Co., Ltd., focusing on the development, production, and sales of micro fans for consumer electronics [2] - The joint venture will leverage both companies' strengths in thermal management technology, with the company holding a 65% stake and Jianzhun Electric holding 35% [2] Group 4: Financial Projections - The company is expected to achieve revenues of CNY 1.13 billion, CNY 3 billion, and CNY 5 billion in 2025, 2026, and 2027 respectively, with net profits of CNY 180 million, CNY 500 million, and CNY 840 million for the same years [3]
苏州天脉(301626)：从被动到主动散热 热管理平台化发展