证券日报网2月27日讯 ，飞荣达在接受调研者提问时表示，飞荣达是在热管理领域深耕多年的企业，公 司目前散热产品包含TIM材料及各类散热器、风扇、VC、3DVC散热器、冷板、单相液冷冷板模组、两 相液冷冷板模组、流量控制仪、CDU等，公司产品已广泛应用与智能手机、笔记本、平板、通信领 域、新能源以及服务器与数据中心领域，可满足不同客户对散热性能和应用场景的需求，部分产品已实 现批量交付，并得到客户的一致认可。公司借助自身在热管理领域的经验与优势，在液冷领域布局较 早，目前已构建起较强的液冷产品设计、制造和测试能力，对应的客户群体不断增加，公司经过多年技 术积累和产品迭代，公司多项相关产品已具有领先优势，可为客户提供材料、液冷模组及配套组件的完 整液冷系统的解决方案，产品散热效率、可靠性和集成度，以及公司高效得响应速度与服务品质，得到 了行业头部客户的认可。客户目前包括H公司、中兴、思科、浪潮、大唐移动、烽火超微、新华三、超 聚变、联想、纬创、纬颖、仁宝、华硕等其他重要客户，公司目前也在积极和行业内其他重要客户进行 接触沟通。公司也在积极顺应AI算力发展对液冷技术的需求增长趋势，将液冷业务作为重点发展方 向，积极 ...

◎记者 李苑 王乔琪 刘暄 就业是经济的晴雨表，也是社会的稳定器。马年开工首周，上海证券报记者在多地采访发现，企业抓紧 招揽所需人才、求职者寻岗位提技能，呈现出人勤春来早、供需同发力的繁忙景象。同时，地方政府通 过打好一揽子稳岗送工"组合拳"，全力推动就业实现"开局稳"。 多措并举稳岗拓岗 从高校到产业园区，从商圈到夜市，从火车站、地铁站到小区、街道……上海证券报记者近日注意到， 各地"花式"举办各类招聘活动，将服务拓展至百姓身边。 "今年学校举办寒假暖心促就业线上双选会，同步依托24365就业平台、学校就业信息网及微信公众号等 多渠道精准推送岗位信息，打破时空限制，确保寒假就业服务'不断线'，为毕业生搭建高效求职对接桥 梁。"长春工业大学招生就业处处长付宏波对上海证券报记者表示。 为确保节后顺利复工复产，贵州、宁夏等劳动力输出大省近日还陆续开出"点对点"务工列车、包车，搭 载务工人员前往浙江、广东等用工大省。 对外经济贸易大学国家对外开放研究院研究员李长安对上海证券报记者表示，从今年开春劳动力市场的 情况来看，呈现出供需两旺的态势：一方面，企业趁着春节期间，对全年劳动力市场进行部署和调整， 一些企业抓紧抢订 ...

简评 核心观点 公司在高速线模组产品领域处于国内头部地位，2025 年一季度开始，公司高速线模组产品逐步上量， 成为增长重要拉动。公司预告，2025 年全年预计实现归母净利润3.38 亿-3.88 亿元， 同比扭亏。国内云 厂商持续加大资本开支投入，服务器、交换机等算力设备需求预计持续高增。并且国内多家CSP 客 户、服务器厂商、芯片厂商推广超节点方案，高速连接方案是实现超节点互联的重要支撑之一，需求展 望乐观。公司一方面与主要客户持续加深合作，此外与浪潮、超聚变、曙光、华勤、中兴、新华三等设 备制造商以及阿里、腾讯、字节等互联网应用客户正在推动或开展项目合作，未来有望持续充分受益国 内算力建设。 事件 公司发布2025 年年度业绩预告。2025 年全年，预计实现归母净利润3.38 亿-3.88 亿元，上年同期为亏损 0.18 亿元。 国内云厂商持续加大资本开支投入，服务器、交换机等算力设备需求预计持续高增。并且国内多家CSP 客户、服务器厂商、芯片厂商推广超节点方案，高速连接方案是实现超节点互联的重要支撑之一，需求 展望乐观。公司在高速连接产品领域处于国内头部地位，相继开发多款56G、112G 背板及模组产 ...

◎记者 王乔琪 黄河之滨，天地之中。郑州——这座坐拥千年商都底蕴、素有"九州腹地，十省通衢"之称的国家中心城 市，因商贸而兴，因交通而盛。 在数字经济时代，郑州锚定全国重要"数仓、数纽、数港"定位，以算力为笔，绘就新时代高质量发展的 中原图景，完成从"千年商都"到"算力之城"的历史性跨越。 "郑州历史悠久、活力涌动、开放包容、实力强劲，在推动城市数字化转型和产业数字化升级深度融合 上具有良好基础。"河南省委常委、郑州市委书记安伟表示，当前，郑州以智慧城市建设为牵引，全力 构筑算力支撑新底座，聚力打造产业集聚新高地，着力拓展融合发展新场景，倾力营造一流营商新环 境，努力在新一轮科技革命和产业变革中赢得主动、赢得未来。 算力何以成为郑州"必答题" 在全球数字经济浪潮和人工智能革命的背景下，算力已成为继热力、电力之后的关键生产力。中国信通 院测算显示，算力每投入1元，可带动3到4元的GDP增长，其对产业转型、科技创新的驱动作用日益凸 显。这场关乎未来的竞赛，郑州坚定参与，更志在领跑。 这是服务国家战略的"郑州担当"。作为建设中的国家中心城市、国家新一代人工智能创新发展试验区， 郑州肩负着在中部地区探索数字化转型路径 ...

Group 1 - The core viewpoint of the article is that Rongke Technology (300290.SZ) is actively engaging in business activities through its subsidiary, Zhiwei Cloud, which focuses on market promotion and project implementation of super fusion servers and related products in the Northeast region [1] - Zhiwei Cloud is currently a super fusion platinum dealer, indicating its strategic positioning in the market [1] - The company is expanding its business into medical and government sectors, showcasing its diversification efforts [1]

Core Viewpoint - The collaboration between the company's subsidiary and Super Fusion is perceived as a potential positive development by the market, prompting inquiries about the specifics of the partnership, including scale, profit contribution expectations, duration, and future expansion plans [1] Group 1: Company Collaboration Details - The company confirmed that its subsidiary, Zhihuiyun, is currently a platinum distributor for Super Fusion, focusing on the Northeast region [1] - The collaboration aims to promote Super Fusion servers and related products in medical and governmental scenarios [1] - This type of business cooperation is categorized as a normal commercial activity for the company [1]

格隆汇2月9日丨豫能控股(001896.SZ)在互动平台表示，公司未与超聚变有直接或间接的合作。 ...

Core Insights - Henan is not only an agricultural and populous province but also a significant manufacturing hub in China, with a comprehensive modern industrial system comprising 41 industrial categories and 197 subcategories [1] Group 1: Investment Landscape - The Zhongyuan Qianhai Fund, a hard technology fund backed by Zhengzhou state-owned assets, has recently invested in notable projects such as Moer Technology, Muxi Co., and Blue Arrow Aerospace [2][3] - The fund has a registered capital of 5.64 billion RMB and focuses on sectors like semiconductors, commercial aerospace, and high-end manufacturing, utilizing a dual model of mother fund and direct investment [2][4] - The fund has made 130 investments by 2024, with 2021 being a peak year for both investment amount and frequency [4] Group 2: Fund Performance - The fund's highest return project is Boying Welding, which generated over 7 times the return after its IPO, following a 75 million RMB investment in 2019 [4] - The second phase of the Zhongyuan Qianhai Fund, launched in 2023 with over 4 billion RMB, is entirely funded by Henan capital and aims to invest in emerging industries such as new energy and artificial intelligence [5][6] Group 3: Strategic Approach - The fund's investment strategy aligns with the booming semiconductor sector, with significant investments made during 2021, a year marked by a 45% increase in financing activities in the semiconductor field [7] - Despite low equity stakes in high-profile projects, the fund's participation in these investments has positioned it favorably for future returns and market presence [8] Group 4: Regional Development - Zhengzhou is adopting a model similar to Hefei's, focusing on attracting leading projects to stimulate the development of supporting industries [12] - The introduction of major projects like Shanghai Hejing and Super Fusion has led to the establishment of a billion-dollar industrial cluster in Zhengzhou [12][13] - The advanced computing industry chain, represented by Super Fusion, has seen a year-on-year growth of 58.6% in the first half of 2025, leading among 28 key industrial chains in Henan [14]

Core Viewpoint - Zhengzhou is emulating Hefei's model by actively developing its hard technology sector and attracting key projects to stimulate industrial growth [19][20]. Group 1: Investment Landscape - Zhengzhou is home to a comprehensive modern industrial system with 41 major industrial categories and 197 subcategories, positioning it as a manufacturing hub in China [3]. - The Zhongyuan Qianhai Fund, a hard technology fund backed by Zhengzhou's state-owned assets, has invested in notable projects such as Moer Technology, Muxi Co., and Blue Arrow Aerospace [4][6]. - The fund has raised nearly 10 billion RMB across two phases, focusing on sectors like semiconductors, aerospace, and high-end manufacturing [6][10]. Group 2: Fund Performance and Strategy - The first phase of the Zhongyuan Qianhai Fund achieved significant returns, with the highest return project, Boying Welding, generating over 7 times the initial investment after its IPO [9]. - The second phase, launched in 2023 with over 4 billion RMB, aims to invest in emerging industries such as biomedicine, new energy, and artificial intelligence [10][11]. - The fund's investment strategy includes a dual model of mother fund and direct investment, allowing for diversified exposure to high-growth sectors [6][8]. Group 3: Project Highlights - In 2021, the fund made strategic investments in Moer and Muxi during a peak year for semiconductor financing, which saw a 45% increase in deals compared to 2020 [13]. - Despite holding a small percentage of shares (around 0.2%) in Moer and Muxi, the fund achieved over 200% returns from these investments [13][14]. - The fund's investment in Blue Arrow Aerospace involved both purchasing existing shares and increasing capital, resulting in a 0.32% stake prior to its IPO [15][18]. Group 4: Industrial Development - Zhengzhou's approach mirrors Hefei's strategy of attracting leading projects to foster a supportive ecosystem for related industries, as seen with the Zhengzhou Airport Economic Zone [20][21]. - The introduction of Shanghai Hejing and Super Fusion has led to the creation of a billion-dollar industrial cluster, enhancing Zhengzhou's position in the semiconductor supply chain [21][23]. - The advanced computing industry, represented by Super Fusion, is projected to grow by 58.6% year-on-year, leading the growth among 28 key industrial chains in Henan [24]. Group 5: Future Outlook - Zhengzhou is poised to continue expanding its hard technology landscape, leveraging its industrial foundation and state capital to carve out a unique path in the sector [24].

Core Viewpoint - The article highlights the significant advancements in food safety and market regulation in Zhengzhou, emphasizing the integration of digital technology and community engagement to enhance consumer trust and safety in the food industry [10][11][12]. Group 1: Food Safety Initiatives - The "Internet + Bright Kitchen" initiative allows consumers to view real-time kitchen operations, enhancing transparency and trust in food safety [12][13]. - Zhengzhou has implemented a comprehensive monitoring system for food safety, with 5,565 sets of kitchen monitoring equipment connected to the network, allowing real-time oversight [14]. - The city has been recognized as a "National Food Safety Demonstration City," reflecting its improved food safety governance capabilities [28]. Group 2: Community Engagement and Governance - The "Zhengqi Pioneer" program engages over 8,000 delivery riders as food safety monitors, creating a community-driven approach to food safety oversight [12][18]. - The program encourages riders to report violations, forming a closed-loop management system that enhances regulatory efficiency [12][14]. - The integration of digital tools in governance has improved the efficiency of market regulation, allowing for real-time data sharing and monitoring [11][13]. Group 3: Regulatory Reforms and Business Environment - Zhengzhou has streamlined business registration processes, reducing paperwork and approval times significantly, which has led to a substantial increase in the number of registered businesses [16][17]. - The city has introduced a "no-feel migration" reform, allowing businesses to relocate with minimal administrative burden, resulting in an 81.67% completion rate for migration applications [17]. - Credit classification and regulatory measures have been enhanced, covering over 70% of sectors, which has improved the precision of regulatory actions and reduced unnecessary disruptions for compliant businesses [18][19]. Group 4: Quality and Innovation - Zhengzhou's quality improvement initiatives have led to the establishment of a Chief Quality Officer system, with over 80% of key enterprises appointing quality leaders [21][22]. - The city has actively participated in the formulation of international and national standards, enhancing its reputation in quality governance [22][24]. - The "Zheng High Competition" has generated significant economic benefits from patented technologies, showcasing the city's commitment to innovation and quality [23][24]. Group 5: Consumer Protection and Satisfaction - The city has developed a "放心消费" (Safe Consumption) initiative, promoting consumer rights and establishing a new dispute resolution system [31][30]. - A multi-channel complaint handling system has been implemented, ensuring quick resolution of consumer disputes and enhancing consumer confidence [31][32]. - The establishment of numerous consumer protection stations across the city has created a robust support network for consumers [31].