Core Insights - Company received project confirmations from a well-known domestic automotive manufacturer, J customer, for two projects involving liquid cooling fluid pipeline systems, with a total estimated value of approximately 500 million yuan over a lifecycle of six years, expected to commence mass production in November 2025 [1] - The new project confirmations indicate ongoing market recognition of the company's products in terms of technology and quality, contributing positively to the growth of the fluid pipeline business and enhancing profitability, although no significant impact on this year's performance is anticipated [1] - Company has established stable supply relationships with over 50 major manufacturers in the automotive and motorcycle sectors, and is actively expanding into new fields such as energy storage and big data supercomputing [2] Business Development - Company has been increasing its market presence in the electric vehicle sector, with significant participation in the supply chain of major manufacturers like BYD and Changan Automobile, and has been a core supplier for the Seer brand's rubber pipeline systems [2] - In the emerging business sector, the company secured an order to provide 60,000 sets of liquid cooling pipeline systems for a server solution provider, with ongoing batch delivery in progress [3] - The company completed a capacity expansion project aimed at increasing production capabilities for traditional and new energy vehicle components, achieving an additional 10,000 tons of hose production capacity, with a designed annual capacity of 2 billion yuan [3] Financial Performance - In the first half of 2025, the company reported steady revenue growth, achieving 688 million yuan in operating income, a year-on-year increase of 7.65%, and a net profit of approximately 98.63 million yuan, reflecting a 0.27% increase [3]

在研发方面，川环科技坚持"科技兴企"的宗旨，持续进行研发投入和技术创新。数据显示，2023年度、 2024年度和2025年一季度，公司研发投入金额分别为4277.57万元、5233.52万元和1217.89万元，同比分 别增长24.08%、22.35%和21.01%。目前，公司依托两个省级技术中心、一个省级重点实验室和省级院 士(专家)工作站等创新平台，积极培育新技术、新动能、新业态和新模式，打造绿色产业链，已形成多 维度研发格局。 年报显示，2024年，受益于汽车行业，特别是新能源汽车行业需求增长，产业链供需增强，川环科技充 分发挥业务规模效应，实现销售业绩大幅提升。同时公司通过加强生产经营管理，降本增效、提高管理 水平、节约开支等方式促进公司全年的营业利润增加。 袁帅表示，随着新能源汽车市场的不断扩大和储能、大数据超算等领域的快速发展，对高性能橡塑软管 的需求将持续增加。川环科技凭借其在技术研发、生产制造和客户资源等方面的优势，有望继续保持市 场领先地位。 2025年一季度，川环科技经营业绩延续了增长态势。一季报显示，公司今年一季度实现营业收入3.16亿 元，同比增长5.6%；实现归属于上市公司股东的净利 ...