长江商报消息 ●长江商报记者 潘瑞冬 具体来看，在国内市场，银轮股份计划向全资子公司四川银轮增资3.78亿元，资金全部来源于自有资 金，主要用于西南智能制造基地建设。该项目建设期为2025年12月至2028年12月，将聚焦水冷板和前端 模块产品生产，预计2029年达产后新增销售收入10.7亿元。 近年来，受益于新能源车行业发展，下游需求旺盛，银轮股份业绩稳步增长。其中，2022年至2024年， 公司的归母净利润从3.83亿元增至7.84亿元，整体增幅约105%。 据公告披露，四川银轮近年经营稳健，2024年实现净利润514.68万元，2025年1—9月净利润达958.54万 元，此次增资将进一步满足西南地区客户属地化供货需求，降低运营成本，巩固公司在新能源热管理领 域的市场份额。 国内外产能扩张同步推进 海外布局方面，银轮股份拟向全资子公司上海银轮投资2.69亿元（折合3837万美元），资金最终将投向 墨西哥新设子公司，用于当地生产基地建设。该项目建设期为2026年1月至2027年7月，核心聚焦商用 车、非道路设备及数据中心热管理产品制造。 汽车零部件公司银轮股份（002126.SZ）继续扩大国内外产能。 公 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 （本报讯）浙江银轮机械股份有限公司（证券代码：002126，证券简称：银轮股份）于2025年12月29日 召开第九届董事会第三十三次会议，审议通过了包括延长募投项目期限、修订核心管理制度及对子公司 增资在内的五项重要议案，所有议案均以9票全票赞成获得通过。 会议召开情况 公告显示，本次董事会通知于2025年12月24日以邮件和专人送达方式发出，会议于12月29日以电子通信 表决方式召开。应出席董事9名，实际出席董事9名，符合《公司法》及《公司章程》相关规定，会议合 法有效。会议由公司董事长徐小敏主持。 延长部分募集资金投资项目期限 董事会审议通过《关于延长部分募集资金投资项目投资期限的议案》，具体调整内容将在专项公告中披 露。公司表示，此举旨在更好地匹配项目实际建设进度，保障募集资金使用效率。保荐机构已对该议案 发表核查意见，相关文件同日刊登于指定信息披露媒体。 管理制度体系优化 为进一步规范公司运作机制，提升治理水平，董事会审议通过两项制度修订议案： 重点议案内容 修订《总经理工作细则》 在原《总经理办公会议制度实施细则》基础上修订并更名，明确了总经理职责权 ...

南财智讯12月29日电，银轮股份公告，公司拟向四川银轮新能源热管理系统有限公司增资37,815.00万元 人民币，主要用于其西南智能制造基地建设。其中固定资产投资约30,646.00万元，铺底流动资金约 7,169.00万元，资金来源为自有资金。项目建设期为2025年12月至2028年12月，预计2029年达产，主要 生产水冷板和前端模块产品，预计新增销售收入107,057.00万元。本次投资旨在拓展西南新能源热管理 市场，提升属地化供货能力，增强公司盈利能力。 ...

格隆汇12月29日丨银轮股份(002126.SZ)公布，为满足西南客户属地化供货需求，提升公司新能源热管 理业务市场占有率，公司拟向四川银轮新能源热管理系统有限公司增资37,815万元人民币，主要用于四 川银轮西南智能制造基地建设。 责任编辑：钟离 财经频道更多独家策划、专家专栏，免费查阅>> ...

Investment Rating - The report assigns a rating of "Buy" for the company [3]. Core Insights - The company has a solid foundation in polymer materials and thermal management, with a strong management team and extensive industry experience. The high-frequency welded liquid cooling plates for new energy thermal management have shown significant growth due to their adoption in Kirin and Shenxing batteries [1][7]. - The company is in the early stages of developing its data center thermal management business, with plans to acquire Dongguan Zhaoke, a leading thermal materials company, which is expected to create synergies with its existing operations [1][7]. - The trend towards liquid cooling in data centers is driven by the increasing power density of servers, making it a preferred solution for high-performance computing environments [1][7]. Financial Performance - The company expects total revenue to grow from 559 million RMB in 2023 to 3,583 million RMB by 2027, with a compound annual growth rate (CAGR) of approximately 65% [2]. - The projected net profit for 2025 is 50 million RMB, increasing to 200 million RMB by 2027, reflecting a strong growth trajectory [8]. - The company reported a significant increase in revenue from its thermal management business, which reached 311 million RMB in the first half of 2025, a 95% year-on-year increase [19]. Business Overview - The company specializes in polymer materials and thermal management systems, with products widely used in telecommunications, power, automotive, and data center sectors. Its polymer materials include waterproof sealing materials, fire insulation materials, and automotive sealing strips [7][14]. - The thermal management segment is primarily driven by its subsidiaries, focusing on new energy vehicles, energy storage systems, and data center cooling solutions [16][18]. - The company has established long-term partnerships with major clients in various industries, including Huawei, China Mobile, and major automotive manufacturers [30][32]. Growth Potential - The acquisition of Dongguan Zhaoke is expected to enhance the company's capabilities in the thermal management sector, particularly in data centers, where demand for thermal solutions is rapidly increasing [1][47]. - The company is actively investing in research and development to maintain its competitive edge, with a focus on optimizing material formulations and manufacturing processes [25][27].

浙商证券股份有限公司董事长、总裁钱文海先生在致辞中表示，从技术攻坚到市场开拓，从规范治理到 战略升级，纳百川新能源以其在新能源热管理领域的核心技术储备、完整的产业链布局，以及对绿色发 展理念的坚定践行，展现出强劲的成长韧性与发展潜力。作为保荐机构，从改制到申报发行，浙商证券 始终以严谨专业的态度履行保荐职责，严格遵守信息披露要求与监管规范。上市后，浙商证券将继续秉 持诚信履职的原则，做好持续督导工作，与纳百川共同维护投资者权益，助力企业实现长期健康发展。 温州市泰顺县委副书记、代县长陈钷先生首先在致辞中表示，作为泰顺重点培养的高新技术企业，纳百 川长期专注动力电池热管理这一硬核赛道，攻技术、闯难关、拓市场，成长为国家级专精特新"小巨 人"企业。此次成功上市，更是纳百川发展进程中，一个重要"里程碑"，希望纳百川乘上市东风，再展 企业雄风、再攀发展高峰。陈钷先生代表地方政府郑重承诺，将进一步优化营商环境，特别是在要素保 障、政策扶持、人才引进等方面全力支持纳百川在泰顺做大做强。同时也期待，以纳百川的成功作为示 范，吸引更多优质企业投资泰顺、扎根泰顺、共赢泰顺！ 2025年12月23日，伴随着清脆的开市钟声在深圳证 ...

业增长空间。 12月23日，纳百川新能源股份有限公司（下称"纳百川"，股票代码：301667.SZ）正式登陆深圳证券交易所创业板，标志着这家新能源电池热管理领域领 军企业完成"技术+资本"的战略升级。本次公开发行股票2791.74万股，发行价格为每股22.63元，上市首日开盘价60.00元，上涨165.13%。 亮眼表现的背后，是扎实的业绩基本面作为支撑。财务数据显示，2022至2024年间，公司主营业务收入由103,091.53万元逐步提升至143,705.3万元，年复 合增长率达到18.17%。2025年第一季度，主营业务实现收入32,941.62万元，较去年同期大幅增长69.55%。持续高增的业绩曲线，不仅彰显了其在新能源 电池热管理领域的核心技术壁垒与市场竞争力，更释放出强劲的长期成长动能。 深耕热管理十五年，从燃油车到新能源的精准转型 作为与中国汽车工业的电动化浪潮同频共振的企业，纳百川自2007年成立以来，深耕热管理技术，完成了从燃油车到新能源赛道的精准转型。2011年前瞻 布局动力电池热管理产品研发，2015年实现首款产品装车验证，2016年成功配套上汽大众首款新能源汽车，逐步成长为行业核心供应 ...

Core Viewpoint - The company aims to enhance its production capacity and optimize product structure through fundraising, focusing on battery liquid cooling plates and battery box integration to meet the growing demand in the electric vehicle industry [1][2][3]. Group 1: Fundraising and Investment Projects - The fundraising will support the production of 3.6 million sets of water cooling plates, with a total investment of approximately 57.94 million [2]. - The company plans to expand its battery box business, aligning with the trend of high integration in the electric vehicle parts industry [1][3]. Group 2: Market Position and Strategy - The company is a leading supplier in the domestic electric vehicle battery thermal management sector and a strategic supplier for major manufacturers like CATL and NIO [2][3]. - The overall strategic goal is to become a leading supplier of new energy thermal management products, focusing on quality and innovation to maintain market share and competitive advantage [3]. Group 3: Financial Performance - In 2024, the company reported a weighted average return on equity of 16.47%, a decrease of 3.96 percentage points from the previous year [15]. - The net cash flow from operating activities for 2024 was 38.77 million, down 65.17% year-on-year [18]. Group 4: Asset and Liability Changes - As of the end of Q3 2025, cash and cash equivalents decreased by 47.7%, while accounts receivable increased by 12.51% [30][33]. - The company's current ratio was 1.33 and the quick ratio was 1.1 for the first three quarters of 2025, indicating a stable liquidity position [46].

Core Insights - The company Feilong Co., Ltd. announced on November 14 that its electronic pump series has a large customer base in the new energy thermal management sector [2] Group 1: Product Applications - The electronic pump products are utilized not only in the automotive sector but also extensively in server liquid cooling, charging pile liquid cooling, wind and solar energy storage liquid cooling, power equipment, and large machinery industrial liquid cooling [2] - The products can be integrated with the company's temperature control valves to form integrated modules, enhancing product value [2] Group 2: Market Potential - The future development space for the company's products in the thermal management field is considered vast [2]

Core Viewpoint - Feilong Automotive Components Co., Ltd. is focusing on the development of thermal management systems, with a significant shift towards both automotive and civilian markets, aiming for strategic transformation and global expansion [2][9]. Company Overview - Founded in 1952, Feilong has over 70 years of experience in the thermal management solutions industry, primarily developing automotive thermal management components [2]. - The company has two main development phases: prior to 2017, focusing on automotive parts; and from 2017 onwards, expanding into civilian markets [2]. Product Development - The company has established four R&D centers in Shanghai, Wuhu, Neixiang, and Xixia, focusing on new energy thermal management components [2]. - Feilong's electronic pump products have a self-manufacturing rate exceeding 90%, indicating strong in-house production capabilities [4]. - The competitive advantage of the thermal management integrated module lies in its "integrated" design, enhancing assembly efficiency and overall system performance [5]. Market Position and Strategy - Feilong maintains or increases market share in traditional automotive thermal management while expanding into new energy management applications across various sectors, including data centers and renewable energy [6]. - The company is actively pursuing over 120 R&D projects in liquid cooling technology, targeting cutting-edge applications [7][8]. Global Strategy - Feilong aims for a dual-circulation development model, enhancing collaboration with global automotive companies and leveraging its overseas manufacturing base in Thailand to capture international orders [9]. Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 3.237 billion yuan, a year-on-year decrease of 7.38%, while net profit attributable to shareholders increased by 7.54% to 287 million yuan [10]. - The gross profit margin stands at 25.77%, with a debt ratio of 39.88% [10]. Investment Insights - Recent institutional ratings indicate a positive outlook, with four institutions issuing buy ratings in the last 90 days [10]. - The company is projected to achieve net profits of 430 million yuan in 2025, with forecasts increasing in subsequent years [10].