三花智控 20250829.docx AceCamp AI 2025-08-30 三花智控在 2025 年上半年的经营业绩表现如何？ 2025 年上半年，三花智控实现营收 162.6 亿元，同比增长 18.9%。归母净利 润创历史新高，达到 21.1 亿元，同比增长 39%。毛利率和净利率也实现了正 向增长，净利润增长 1.9%。分板块来看，制冷零部件板块表现尤为亮眼，上 半年营收 103.9 亿元，同比增长 25.49%；归母净利润 12.9 亿元，同比增长 59.15%。新能源汽车板块上半年实现营收 58.7 亿元，同比增长 8.83%；归 母净利润 8.23 亿元，同比增长 16.61%。 三花智控的制冷业务在 2025 年上半年的表现如何？其增长驱动力是什么？ 2025 年上半年，三花智控的制冷业务表现出色，实现营收 103.9 亿元，同比 增长 25.49%；归母净利润 12.9 亿元，同比增长 59.15%。这种增长主要得 益于几个因素：首先是全球气候条件复杂多变，人类对温度调节和环境调节的 需求强烈且刚性。其次，在原有使用空调地区存在消费升级需求，而在大量未 使用空调的地区，如欧洲、非洲和印度等 ...

中证报中证网讯(王珞)8月28日，纳百川新能源股份有限公司(简称"纳百川")创业板IPO申请获通过。 公司长期专注于新能源汽车动力电池热管理系统领域，凭借超过十年的技术积淀与前瞻性产业布局，已 发展成为国内电池液冷板领域的行业标杆企业。 除新能源汽车领域外，公司在储能热管理系统市场也取得重要进展，目前已进入宁德时代、中创新航、 阳光电源（300274）等头部新能源企业的供应商体系。根据中金公司（601995）研究部预测，2025年全 球储能电池出货量预计达到449吉瓦时，同比增长约21.42%，储能业务有望为公司开辟第二增长曲线。 本次IPO募集资金将主要用于纳百川(滁州)新能源科技有限公司年产360万台套水冷板生产项目(一期)。 该项目位于安徽省滁州市中新苏滁高新技术产业开发区，投资总额57940.04万元。该项目实施后将显著 提升公司产能规模，更好地满足市场需求，进一步巩固公司在热管理领域的行业地位。 公司主营业务产品动力电池液冷板是新能源汽车动力电池系统的关键组成部分，其市场需求与新能源汽 车行业的景气度紧密相连。纳百川自2011年起便前瞻布局动力电池热管理研发，2015年与行业龙头宁德 时代（3007 ...

Group 1: Company Performance and Strategy - 大金重工 has seen a significant increase in overall shipment volume, with a year-on-year growth of over 40%, particularly in export marine products which have doubled [1] - 晶澳科技 expects a 15-18% growth in installation demand by 2025, primarily driven by the Chinese market, with a slight increase anticipated in 2026 [2] - 杭氧股份 anticipates a rapid growth in helium sales over the next three years, with sales in the first half of 2025 exceeding the total for the previous year [3] - 伟星股份 reported a 1.80% year-on-year revenue growth for the first half of 2025, with international business growing by 13.72% [4] - 新宙邦 achieved a revenue of 42.48 billion yuan in the first half of 2025, marking an 18.58% year-on-year increase [5] - 亿联网络 maintains stable gross margins and is optimistic about performance recovery in the second half of the year [6] - 银轮股份 has established a product system focused on data centers, energy storage, and low-altitude aircraft, with positive progress in customer collaborations [7] - 同飞股份 reported a 77.48% year-on-year increase in revenue from power electronics temperature control products [8] - 南方泵业's liquid cooling business generated approximately 66 million yuan in sales, with a focus on new product development [9] - 珠海冠宇 achieved a revenue of 60.98 billion yuan in the first half of 2025, reflecting a 14.03% year-on-year growth [11] - 华丰科技's sales in the new energy vehicle sector have increased, with plans to expand market scale [12] - 中际旭创 is confident in maintaining gross margin growth through cost management and technology advancements [13] Group 2: Market Trends and Opportunities - 大金重工 is expanding its integrated services and has confidence in securing European orders due to its strategic positioning in the offshore engineering sector [1] - 晶澳科技 is adjusting prices based on market conditions and anticipates continued demand growth in the solar energy sector [2] - 杭氧股份 is actively expanding its overseas business, particularly in Southeast Asia, to leverage higher margins compared to domestic sales [3] - 伟星股份 is observing a cautious industry trend but has noted a recent improvement in order intake [4] - 新宙邦 is capitalizing on market opportunities arising from the shutdown of international competitors in the fluorinated liquid sector [5] - 亿联网络's overseas capacity expansion is expected to enhance its operational capabilities in the European market [6] - 银轮股份 is focusing on developing products for emerging fields such as energy storage and low-altitude flying vehicles [7] - 同飞股份 is expanding its product offerings in the cooling solutions market, particularly for data centers [8] - 南方泵业 is enhancing its sales network in overseas markets, particularly in the Middle East and Vietnam [9] - 珠海冠宇 is advancing its research in solid-state batteries and sodium-ion technology, indicating a focus on innovative energy solutions [11] - 华丰科技 is promoting high-voltage connector applications to capture growth in the electric vehicle market [12] - 中际旭创 is exploring new applications for optical connections, indicating a focus on technological advancements in data centers [13]

证券日报网讯 中鼎股份8月25日在互动平台回答投资者提问时表示，公司子公司中鼎流体及中鼎智能热 系统主导热管理系统总成业务的发展，在汽车热管理业务基础上积极布局储能热管理及超算中心热管 理。基于自研热管理控制器及控制算法，管路系统及密封等核心技术，公司在储能领域已推出系列化液 冷机组，及浸没式液冷机组；超算中心热管理领域主要产品为CDU（冷液分配装置），未来根据实际 需要，逐步将浸没式技术运用到超算中心热管理中，目前公司正在加速与客户对接。 （编辑 王雪儿） ...

证券日报网讯集泰股份（002909）8月20日在互动平台回答投资者提问时表示，公司当前研发的液冷导 热硅油，其应用主要聚焦于数据中心及储能领域的热管理解决方案。 ...

格隆汇8月20日丨中鼎股份(000887.SZ)在互动平台表示，公司多年来一直推进热管理管路产品的研发与 生产，旗下子公司德国TFH则更是发动机及新能源汽车电池热管理管路总成产品优秀供应商，拥有自主 专利的独家生产技术creatube工艺以及TPV软管和尼龙管的核心技术。公司子公司中鼎流体及中鼎智能 热系统主导热管理系统总成业务的发展，在汽车热管理业务基础上积极布局储能热管理及超算中心热管 理。基于自研热管理控制器及控制算法，管路系统及密封等核心技术，公司在储能领域已推出系列化液 冷机组，及浸没式液冷机组；超算中心热管理领域主要产品为CDU（冷液分配装置），未来根据实际 需要，逐步将浸没式技术运用到超算中心热管理中，目前公司正在加速与客户对接。 ...

中鼎股份（000887.SZ）8月20日在投资者互动平台表示，公司子公司中鼎流体及中鼎智能热系统主导热 管理系统总成业务的发展，在汽车热管理业务基础上积极布局储能热管理及超算中心热管理。基于自研 热管理控制器及控制算法，管路系统及密封等核心技术，公司在储能领域已推出系列化液冷机组，及浸 没式液冷机组；超算中心热管理领域主要产品为CDU（冷液分配装置），未来根据实际需要，逐步将 浸没式技术运用到超算中心热管理中，目前公司正在加速与客户对接。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问公司目前是否已推出系列化储能液冷机组、超算 中心浸没式液冷机组？ ...

每经AI快讯，有投资者在投资者互动平台提问：请问公司目前液冷业务在国内以及北美欧洲进展如 何？是否运用到部分超算中心？ 中鼎股份（000887.SZ）8月20日在投资者互动平台表示，公司子公司德国TFH一直推进热管理管路产品 的研发与生产，是发动机及新能源汽车电池热管理管路总成产品优秀供应商，拥有自主专利的独家生产 技术creatube工艺以及TPV软管和尼龙管的核心技术。公司子公司中鼎流体及中鼎智能热系统主导热管 理系统总成业务的发展，在汽车热管理业务基础上积极布局储能热管理及超算中心热管理。基于自研热 管理控制器及控制算法，管路系统及密封等核心技术，公司在储能领域已推出系列化液冷机组，及浸没 式液冷机组；超算中心热管理领域主要产品为CDU（冷液分配装置），未来根据实际需要，逐步将浸 没式技术运用到超算中心热管理中，目前公司正在加速与客户对接。 （文章来源：每日经济新闻） ...

Core Viewpoint - Iceberg Cold Chain (000530) is focusing on the development of its industrial refrigeration and heating, commercial freezing and refrigeration, air conditioning and environmental sectors, engineering and services, and new business areas, aiming to create a complete cold and heat industry chain [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 2.401 billion yuan, a year-on-year decrease of 2.52% - The net profit attributable to shareholders of the listed company was 79.541 million yuan, a year-on-year increase of 1.29% - The net profit attributable to shareholders after deducting non-recurring gains and losses was 74.1626 million yuan, a year-on-year increase of 10.12% [1] Industry Position and Clientele - The company has established itself as a key player in the petrochemical sector, providing comprehensive solutions to high-end clients such as BASF, Covestro, Dow Chemical, and others [2] - Since becoming the only Class I supplier of refrigeration equipment for BASF in China in 2021, the company's industry influence has significantly increased [2] - The company leads the market in the refrigeration sector for new large frozen fishing vessels [2] Project Engagements - The company has undertaken several notable commercial ice and snow engineering projects, including indoor ski resorts and ice venues in various cities [3] - In 2025, the company is involved in upgrading existing venues for the Harbin Asian Winter Games, including ice rink renovations [3] - The company is actively looking for opportunities in the ice and snow economy, particularly with the upcoming 2028 National Winter Games [3] Growth in Energy Sector - In the energy sector, the company has seen significant growth in orders for energy storage thermal management and CCUS projects [2] - The company provides battery management systems and efficient thermal management heat exchange units for the electrochemical energy storage field, with over 100 million yuan in orders expected for 2024 [2]

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