冰山冷热分析师会议-20250918

Group 1: Report Overview - Reported company: Iceberg Cold & Heat [17] - Industry: General Equipment [2] - Research date: September 18, 2025 [1] - Receiving personnel: Song Wenbao, the company's board secretary [17] Group 2: Research Institutions - Participating institution: Zhongyou Securities [2][20] - Type of institution: Securities company [20] - Representative: Liu Zhuo [20] Group 3: Core Views - The company focuses on cold and heat business and deepens in niche markets [22] - The company aims to achieve rapid and scale growth and lay a solid foundation for a century - old enterprise, and strive to increase market value steadily [28][29] Group 4: Advantageous Niche Markets Petrochemical - Petrochemical is an important area to reflect the company's core cold - heat technology [23] - The company has provided comprehensive solutions for many high - end customers. Since 2021, it has been the only Class I supplier of refrigeration equipment for BASF in China, with enhanced industry influence and in - depth import substitution [23] Ship Refrigeration - As the leader in China's ship refrigeration, the company has a leading market share in the new large - scale freezer fishing vessel refrigeration market [24] - It independently developed the world's first marine carbon dioxide transcritical refrigeration equipment carbon capture system. Its related products have won awards and been included in relevant catalogs [24] Ice and Snow Venues - The company participated in Beijing Winter Olympics projects and has also undertaken many representative commercial ice and snow projects in recent years [25] - It participated in the upgrade and transformation projects of Harbin Asian Winter Games in 2025 and is actively looking for business opportunities in the 15th National Winter Games in 2028 [25][26] Scroll Compressors - The company's subsidiary, Songyang Compressor, adjusted its strategy, targeting large - scale commercial, heat pump, refrigeration, vehicle, and special air - conditioning fields and balancing domestic and overseas markets [27] - It has delivered over 20 million scroll compressors, with exports reaching about 350 million yuan in 2024, mainly to Europe and South America [27]