根据市场公开信息及8月12日披露的机构调研信息，知名私募圣熙资产近期对1家上市公司进行了调研， 相关名单如下： 1）飞龙股份 （浙江圣熙资产参与公司特定对象调研&现场参观） 调研纪要：飞龙股份2025年上半年业绩上涨主要得益于原材料价格平稳、优化产品结构和加强管理。下 半年营收预计好转，主要驱动力为海外新项目、新能源车订单增长和液冷产品上量。公司涡壳产品用于 传统燃油车及混动汽车，是收入重要组成部分。海外供应产品包括涡壳、排气歧管、水泵等，客户有博 格华纳、康明斯等50多家。新能源热管理产品采用平台化和定制化销售模式，广泛应用于汽车、服务器 液冷、数据中心、人工智能、充电桩等领域。热管理集成模块价值量显著提升，液冷领域产品包括电子 泵、温控阀，未来将向温控模块产品拓展。液冷泵最大功率已提升至40kW，符合客户标准。液冷领域 客户涵盖多个领域，现有4条生产线，年产能最高可达120万只。郑州飞龙募投项目年产560万只新能源 热管理部件项目正在建设中。公司全球化战略布局首个海外智慧工厂已竣工试生产，成为重要战略支 点。公司通过推进泰国生产基地建设和调整产能布局应对美国关税影响。机器人领域业务布局人形机器 人业务，提 ...

机构简介： 珠海鸣则投资2018年1月10日于珠海横琴新区成立,注册资本1000万元人民币。中基协备案 号:P1069157。是一家证券类私募基金,主要通过发行阳光私募基金在股票、期货等市场投资,以生命科学 为基础逻辑,通过最先进的人工智能技术引领中国量化投资潮流。早在2014年就从事期货人工智能量化 策略的研究及开发,公司研发团队由多名超过10年以上的证券期货行业操盘手以及计算机软件开发专家 组成,过去多年开发的Χρνο体系在不断进化和精进在历届期货实盘大赛中获奖。Χρνο体系以生命科学基 础为底层逻辑,以计算机科学(AI算法)为大数据分析工具,在金融实验室环境下通过对政治、经济、价 格、等因素的计算机自我学习,生成具有进化能力的自动化交易策略。鸣则投资秉承稳健经营、勤勉尽 责的管理人理念,专注于在风险控制和收益稳定上做出优秀的成绩。公司奉行正直、专注、合作、稳 健、创新的企业价值观,以帮助客户实现财务增长目标为使命,致力于成为客户值得信赖的长期合作伙 伴、中国市场最具影响力的智能投资管理专家之一,我们有昆明一流的办公环境,顶尖的投资研发能力,等 待你的加入,共创基金未来。 根据市场公开信息及8月12日披露 ...

Market Overview - Global trade optimism boosts investor confidence, with US July CPI data reinforcing expectations for a Fed rate cut in September. Risk assets see significant inflows, with the Nasdaq and S&P 500 both rising over 1% to reach historical highs. The Russell 2000 index surged by 3% [1] - After the earnings report, "stablecoin first stock" Circle initially rose over 15% but later fell back, closing with a gain of over 1%. The stock dropped more than 6% in after-hours trading following news of a stock issuance. Another US IPO stock, CoreWeave, fell over 10% post-earnings [1] - US July CPI rose 2.7% year-on-year, lower than expected, while core CPI growth reached its highest level since February [7][21] Company Highlights - Circle reported a 53% year-on-year increase in Q2 revenue, with USDC circulation up 90% year-on-year. However, the company faced a net loss of $482 million due to high IPO costs [25] - CoreWeave's Q2 revenue doubled year-on-year, but the profit side was disappointing, leading to a post-earnings drop of over 10%. The company raised its full-year guidance, but Q3 revenue guidance was lower than analysts' expectations [25] - Tencent Music's Q2 revenue grew by 17.9% year-on-year, with net profit increasing by 43.2%. Online music service revenue reached 6.85 billion yuan, up 26.4% year-on-year [31] Industry Insights - The AI sector is experiencing rapid iteration, with significant advancements in humanoid robotics noted. However, achieving general capabilities akin to "ChatGPT moments" is still estimated to be 2-3 years away due to data accumulation and model training challenges [28] - The liquid cooling market is expected to see accelerated growth as a necessary infrastructure for AI, with domestic manufacturers poised to capitalize on supply chain opportunities [39] - The paper industry is witnessing price increases due to rising costs of raw materials, with expectations for sustained price growth in the pulp and paper supply chain [39]

证券代码：002837 证券简称：英维克 公告编号：2025-038 针对公司股票交易异常波动情形，公司就相关问题进行了核实，现将有关情况说 明如下： 液冷相关业务有较多关注和讨论，经核查，未发现近期公共传媒报道了可能或已经对 公司股票交易价格产生较大影响的未公开重大信息。 深圳市英维克科技股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、股票交易异常波动情况 深圳市英维克科技股份有限公司（以下简称"公司"或"本公司"）股票 2025 年 值累计达到 20%以上，根据深圳证券交易所的有关规定，属于股票交易异常波动的情 况。 二、公司关注、核实情况说明 展开国内外的数据中心及算力设备等行业客户的拓展，并已构建相对完整的液冷全链 条技术、产品和解决方案的能力。目前公司生产经营情况正常，主营业务未发生重大 变化，内外部经营环境未发生重大变化。 或处于筹划阶段的重大事项。 三、是否存在应披露而未披露信息的说明 公司董事会确认，公司目前没有根据《深圳证券交易所股票上市规则》等有关规 定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、协议等；董事 ...

智通财经APP获悉，东方证券发布研报称，看好液冷成为后续AI基础设施的散热刚需，渗透斜率加速向 上，产业链有望从主题趋势迈向订单及业绩的持续超预期。同时伴随需求的快速增长，核心部件的供需 缺口下供应链格局也将更为开放，国内厂商有望凭借自身优质产品力、产品研发迭代效率、成本等优势 直接或间接出海切入海外供应链。建议关注电子领域液冷环节相关供应商领益智造(002600.SZ，买 入)、比亚迪电子(00285，未评级)、中石科技(300684.SZ，买入)、思泉新材(301489.SZ，未评级)。 当前北美液冷产业链相关主要集中于美国和中国台湾，GB200 时代英伟达通过参考设计推动行业标准 化，而AI服务器对产品的快速迭代、快速规模化交付能力的高要求也给了国产液冷产业链厂商切入机 遇。随着GB300 以及下一代更高功耗服务器的出货，上游液冷部件需求有望进一步提升。当前产业链 决策权逐步解耦，ODM/OEM 厂话语权提升，ASIC 端云厂也拥有更高话语权，国内厂商有望凭借自身 优质产品力、产品研发迭代效率、成本等优势直接或间接出海切入海外供应链。 风险提示 贸易环境不确定性风险、液冷渗透率不及预期风险、竞争格局加剧 ...

格隆汇8月12日丨飞龙股份(002536.SZ)于近期投资者关系活动表示，目前公司液冷领域主要客户及建立 联系的达80家，有超120个项目正在进行中，部分项目已经量产。另外，公司在稳固国内市场的同时， 正积极通过中国台湾地区客户拓展海外服务器液冷市场，持续扩大业务版图。 ...

液冷+机器人，布局服务器散热和电源领域，已成AMD核心供应商，与智元签订机器人ODM协议，人形机器人整机组装产线建成投产，这家公司持续拓展丝杠、灵巧手等机器人关键零组件。 ...

Core Viewpoint - The article emphasizes the strategic moves of AMD in the server cooling and power supply sectors, highlighting its partnership with Zhiyuan for robot ODM agreements and the establishment of a humanoid robot assembly line [1] Group 1: AMD's Strategic Developments - AMD has become a core supplier in the server cooling and power supply fields through liquid cooling and robotics [1] - The company has signed an ODM agreement with Zhiyuan, indicating a focus on expanding its capabilities in robotics [1] - The humanoid robot assembly line has been established and is now in production, showcasing AMD's commitment to advancing key robotic components such as lead screws and dexterous hands [1]

Core Viewpoint - The company expects revenue improvement in the second half of 2025 driven by new overseas projects, growth in orders for integrated modules for new energy vehicles, and increasing sales of liquid cooling products [1] Group 1: Revenue Drivers - New overseas projects are gradually ramping up [1] - Orders for integrated modules in the new energy vehicle sector are increasing [1] - The company's liquid cooling product line is expected to see gradual growth [1] Group 2: Liquid Cooling Product Details - The liquid cooling product line primarily consists of electronic pump series and temperature control valve series, with plans to expand into temperature control modules [1] - The company currently has four production lines for liquid cooling products, with an annual capacity of up to 1.2 million units [1] - The company has established connections with 80 major clients and is involved in over 120 ongoing projects, some of which have already entered mass production [1]

Core Insights - The demand for liquid cooling solutions, particularly cold plate systems, is increasing due to the growing GPU solutions from overseas manufacturers [1] - The industry is experiencing an early innovation trend, emphasizing high integration, low power consumption, and cost-effectiveness [1] - Companies with mature cold plate liquid cooling technology and those focusing on immersion and spray liquid cooling are recommended for attention [1]