【2025中欧机电产业供应链对接会在西班牙马德里举行】2025年11月18日，2025中欧机电产业供应链对 接会于西班牙马德里举办。此次会议由中国商务部外贸发展事务局主办，中国机电商会、马德里工商会 共同承办。 100多位来自电力、制冷等领域的中西方企业及商协会代表参会。中国驻西班牙商务参赞常 和喜称，中西关系发展展现了中欧合作积极成效。 近年来，中西高层交往频繁，经贸投资合作深化， 人文交流紧密。中业在西班牙多领域扩大投资，带来就业，促成技术合作；西班牙企业在中国拓展市 场，把握增长机遇。双方正形成产业链与市场良性互动，中国愿与各国共享机遇、共同发展。 和讯财经 FOL hexun.com 和而不同 迅达天下 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 扫码查看原文 ...

Group 1 - The report analyzes the current status and future trends of the tube expander machine industry in China from 2026 to 2032, highlighting market dynamics and competitive landscape [2][3][6] - It provides a comprehensive overview of the global tube expander machine market, including supply-demand analysis, technological advancements, and price trends [2][3] - The report discusses the operational conditions of key global players in the tube expander machine industry, including companies from the US, Germany, and Japan [2][3] Group 2 - The analysis of the Chinese tube expander machine industry includes economic indicators such as GDP, CPI, PPI, and fixed asset investment, which are crucial for understanding market conditions [3][4] - The report examines the policy environment affecting the tube expander machine industry, including industry-specific regulations and standards [3][4] - Social factors such as population demographics, education, and urbanization rates are analyzed to assess their impact on the industry [3][4] Group 3 - The technological landscape of the Chinese tube expander machine industry is evaluated, focusing on existing technologies and future development directions [3][4] - The report outlines the market dynamics, including supply-demand trends and competitive analysis within the Chinese tube expander machine sector [4][5] - It also highlights the competitive landscape, including market concentration and strategies for enhancing competitiveness among key players [5][6] Group 4 - The financial performance and strategic positioning of leading companies in the tube expander machine industry are analyzed, providing insights into their operational strengths and market strategies [5][6] - The report forecasts the market trends for the tube expander machine industry from 2026 to 2032, including supply and demand predictions [6][7] - Investment opportunities and potential risks in the tube expander machine industry are discussed, emphasizing market attractiveness and growth potential [7]

Core Insights - The article highlights the vibrant economic development in Shangqiu, focusing on the growth of various industries and the implementation of innovative strategies to enhance manufacturing capabilities [1][2][3]. Industry Developments - The establishment of over 200 industrial robots at Henan Asbela Refrigeration Co., Ltd. has addressed the long-standing issue of a lack of core components in the local refrigeration industry, thereby improving the supply chain [1]. - The world's largest cultivated diamond production facility is located in the Suiyang District, which aims to extend the cultivated diamond industry into design and other downstream sectors [1]. - Shenhuo New Materials Technology Co., Ltd. has achieved mass production of 8-micron double-sided photovoltaic battery foil, marking a significant advancement in the "coal-electricity-aluminum" industry chain [1]. Economic Growth - Shangqiu has formed a distinctive industrial pattern with "one county, one characteristic industry," leading to the selection of superhard materials as a national advanced manufacturing cluster [2]. - In 2024, the industrial added value of high-tech manufacturing and strategic emerging industries is projected to grow by 37.8% and 16.6% year-on-year, respectively, significantly outpacing provincial averages [2]. - The city's GDP is expected to reach 327.227 billion yuan in 2024, with stable grain production exceeding 14 billion jin [2]. Innovation and Technology - The implementation of an innovation-driven development strategy has resulted in the establishment of 7 national high-tech industrialization bases and 6 provincial high-tech zones, leading to significant advancements in technology [3]. - The region has nurtured 19 gazelle enterprises and 4 innovation-leading companies, showcasing a robust ecosystem for technological advancement [3]. Urban and Rural Development - The city is enhancing its urban infrastructure while simultaneously promoting rural industries, with several towns recognized for their agricultural strength [4]. - Initiatives aimed at improving urban living conditions and rural environments have led to recognition for excellence in community development [4]. Reform and Open Economy - The deepening of state-owned enterprise reforms has positioned Shenhuo Group as a benchmark enterprise, reflecting the city's commitment to improving the business environment [5]. - Shangqiu's logistics center has maintained its position as a leader in import and export volumes, supported by recent reforms in customs and trade [5].

Company Overview - Danfoss, founded in 1933, is one of Denmark's largest global industrial groups, employing approximately 40,000 people and operating 100 factories worldwide, serving customers in over 100 countries [2] - The company provides solutions in various fields including refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, shipping, and both on-road and off-road vehicles [2] - In China, Danfoss has nearly 5,000 employees and ranks second in various regional markets, with 12 production bases established over nearly 30 years, and four factories recognized as national "green factories" [2] - Danfoss aims to achieve carbon neutrality for all its Chinese factories by 2027 [2] Strategic Developments - With the advancement of China's "dual carbon" strategy, Danfoss has experienced unprecedented growth, becoming the second-largest regional sales market and the largest procurement market for the company globally [3] - The company is expanding its investments in China, including the establishment of two electrification production lines in Nanjing to support energy efficiency in new energy, high-end manufacturing, and green infrastructure [3] - In 2023, Danfoss opened a research and testing center for scroll compressors in Tianjin, enhancing its innovation and service capabilities in environmentally friendly refrigerants and energy-saving cooling technologies [3] - The second phase of Danfoss's Haiyan facility is set to commence operations in September 2024, becoming the largest production base globally, focusing on key products such as variable frequency drives, heat exchangers, and magnetic levitation compressors [3] Business Growth and Projects - Since the introduction of China's "dual carbon" goals, Danfoss's business in China has nearly doubled, collaborating with clients on numerous projects [4] - For instance, Danfoss provided high-efficiency solutions for the HVAC system of the T3B terminal at Chongqing Jiangbei International Airport, including 365 sets of specialized variable frequency drives and harmonic filters [4] - In the energy-efficient building sector, Danfoss contributed core direct current distribution solutions for the "green" zero-carbon building in Zhuhai, Guangdong, which is one of the first carbon-neutral pilot projects in the province [4] - The solutions provided by Danfoss support the construction of a 750V direct current grid, ensuring quick isolation and continuous power supply during faults, thus aiding in digital energy management and efficient photovoltaic utilization [4] Expert Commentary - Danfoss exemplifies how to transform the "dual carbon" goals into a new growth engine through green innovation, from factory carbon neutrality to win-win scenarios across the industrial chain [4]

Group 1 - The theme for this year's International Day for the Preservation of the Ozone Layer is "From Science to Global Action" [1] - China has eliminated approximately 628,000 tons of ozone-depleting substances, accounting for over half of the total elimination in developing countries [1] - By the end of this year, China is expected to achieve an additional elimination of over 90,000 tons [1] Group 2 - The year 2025 is a critical milestone for China's compliance efforts, with the implementation of the "National Plan for China's Implementation of the Montreal Protocol (2025-2030)" [1] - China will enforce a complete ban on the use of hydrochlorofluorocarbons in specific industries starting July 1 next year, three and a half years ahead of schedule [1] - The Ministry of Ecology and Environment will enhance monitoring and enforcement, including strict import and export approvals and quota management [1][2] Group 3 - The Ministry will innovate regulatory methods and improve governance efficiency by utilizing big data and artificial intelligence [2] - There will be a focus on guiding key industries such as chemicals and refrigeration towards green and low-carbon transformations [2] - The Ministry aims to support the development of alternative technologies and promote the use of natural refrigerants [2] Group 4 - China will deepen international cooperation and share results, emphasizing an open and inclusive approach [3] - The goal is to strengthen collaboration with parties and international organizations to enhance capacity building and promote innovative applications [3] - The aim is to contribute to a fair and cooperative global environmental governance system for ozone layer protection and climate change response [3]

Summary of the Asset Valuation Report Core Viewpoint The asset valuation report assesses the total equity value of Qingdao Haiyunlian Industrial Development Co., Ltd. in relation to the proposed equity acquisition by Qingdao Haier Carrier Refrigeration Equipment Co., Ltd. The valuation is based on the asset-based approach, with a determined market value of RMB 68,316,905.46 as of June 30, 2025. Group 1: Company Overview - Qingdao Haier Carrier Refrigeration Equipment Co., Ltd. is the acquirer, established on February 26, 2001, with a registered capital of USD 26.048 million [7]. - Qingdao Haiyunlian Industrial Development Co., Ltd. is the target company, established on November 27, 2017, with a registered capital of RMB 10 million [7][8]. - The target company is a wholly-owned subsidiary of Qingdao Haier Industrial Development Co., Ltd. and operates in the construction, leasing, and management of industrial properties [8]. Group 2: Financial Overview - As of June 30, 2025, the total assets of Qingdao Haiyunlian amounted to RMB 81,310,160.50, while total liabilities were RMB 67,185,067.00, resulting in total equity of RMB 14,125,093.50 [4][10]. - The financial performance for the years 2023 and 2024 shows total assets of RMB 90,050,500 and RMB 84,473,700 respectively, with total liabilities of RMB 45,284,700 and RMB 33,041,400 [8]. Group 3: Valuation Methodology - The valuation was conducted using the asset-based approach, which is suitable given the nature of the assets involved [14][16]. - The market value determined for the total equity of the target company is RMB 68,316,905.46, reflecting the fair market conditions as of the valuation date [4][10]. - The valuation report emphasizes that the assessed value does not guarantee realizable prices and should be interpreted within the context of the provided assumptions and limitations [2][6]. Group 4: Special Considerations - The report notes that the investment properties and land included in the assessment are currently leased, with specific rental agreements in place [5][6]. - The valuation does not account for potential impacts from the leasing arrangements on the assessed value, and users of the report are advised to consider these factors [5][6].

Group 1 - The core viewpoint of the articles highlights the steady growth and strong market position of the company in the industrial refrigeration equipment sector, despite a projected revenue decline in 2024 due to macroeconomic factors [1][2] - The company has shown consistent revenue growth in recent years, with a projected revenue of 6.635 billion yuan in 2024, reflecting an adjusted year-on-year decrease of 11.5% [1] - The company's net profit is expected to slightly decline to 628 million yuan in 2024, despite having improved gross profit levels since 2021 and effective cost control [1] Group 2 - The refrigeration and air conditioning equipment industry is anticipated to continue growing, with a low market concentration and numerous sub-sectors, indicating a long-term upward trend in China [1] - The liquid cooling market is expected to experience significant growth driven by increasing computing power demands, with projections indicating that the Chinese liquid cooling server market could reach 8.9 billion USD by 2027 [1] - The company is actively involved in the nuclear power sector, providing technological support and solutions, and has a strong track record in the data center liquid cooling industry, having served major projects like the National Supercomputing Center [2] Group 3 - Revenue forecasts for the company from 2025 to 2027 are projected to be 7.344 billion yuan, 8.179 billion yuan, and 9.155 billion yuan respectively, with net profits expected to be 679 million yuan, 797 million yuan, and 941 million yuan [2] - The company's current valuation is below the average of comparable companies, indicating potential for growth and benefits from the global data center liquid cooling construction [2]

Core Viewpoint - Qingdao Hiron Commercial Cold Chain Co., Ltd. reported a revenue increase of 12.86% year-on-year for the first half of 2025, reaching approximately 1.79 billion RMB, with net profit attributable to shareholders rising by 10.38% to about 220.87 million RMB [2][3][10]. Company Overview and Financial Indicators - The company specializes in commercial cold chain equipment, focusing on products such as commercial frozen display cabinets, commercial refrigerated display cabinets, and smart vending machines [5][7]. - Key financial metrics for the reporting period include: - Total revenue: 1,790,645,113.76 RMB, up 12.86% from 1,586,548,618.72 RMB [3][10]. - Total profit: 259,313,923.23 RMB, an increase of 9.88% from 235,987,572.19 RMB [3]. - Net profit attributable to shareholders: 220,872,745.32 RMB, up 10.38% from 200,109,539.37 RMB [3]. - Total assets: 5,748,958,171.14 RMB, a 2.93% increase from the previous year [3]. - Net assets: 4,162,192,184.08 RMB, a 0.72% increase from the previous year [3]. Industry and Business Analysis - The cold chain logistics equipment industry in China is expected to continue its growth due to urbanization and rising consumer demands for food safety and quality [5][10]. - The company's main products are widely used in various sectors, including beverages, dairy products, and frozen foods, with a significant focus on the cold drink and beverage industries [5][6]. - Seasonal demand patterns are observed, particularly in the cold drink sector, with peak sales typically occurring in the first half of the year and at year-end [5][6]. Competitive Advantages - The company has established long-term partnerships with leading enterprises in the industry, enhancing its market share and brand influence [7][11]. - A flexible production management system allows the company to meet diverse customer needs efficiently, supporting both large-scale and customized production [8][12]. - The company maintains a robust supply chain and has built a network of qualified suppliers, which supports its production capabilities and responsiveness to market demands [12]. Operational Highlights - The company has seen significant growth in its smart vending machine segment, driven by technological advancements and increased customer recognition [10][11]. - Research and development efforts are focused on energy efficiency, environmental protection, and product intelligence, with new models being introduced to meet customer needs [10][11]. - The company is expanding its overseas production capabilities, with plans for trial production in its new facility by the fourth quarter of 2025 [10].

Summary of Conference Call on 3D Printing Liquid Cooling Technology Industry Overview - The conference discusses the liquid cooling industry, particularly focusing on 3D printing technology's application in cooling systems for high-performance computing and AI workloads [1][2][3]. Key Points and Arguments - **Adoption of Liquid Cooling Solutions**: Starting in 2024, companies like NVIDIA are adopting the OCP ORV3 single-sided cold plate liquid cooling solution due to its industry support and large-scale delivery capabilities, marking a shift from traditional immersion cooling methods [1][2]. - **3D Printing Advantages**: 3D printing technology is suitable for manufacturing microchannels and complex geometries in liquid cooling systems, which traditional CNC machining struggles to achieve. This technology can significantly reduce thermal and flow resistance, enhancing cooling efficiency [1][5]. - **Performance Metrics**: A single board can achieve a water flow rate of 150 liters per minute while maintaining temperature control within 4 kilowatts [1][5]. - **High Technical Barriers**: The 3D printing liquid cooling plate technology has high barriers to entry, requiring advanced laser control, specific processing techniques, and dedicated manufacturing equipment. Companies that master these technologies will have a significant first-mover advantage [1][9]. - **China's Supply Chain Strengths**: China's supply chain in the cooling sector excels in materials, processes, and large-scale production capabilities. Successful companies often focus on specific segments and possess substantial production capacity [10]. - **Profitability and Cost Dynamics**: The profitability of liquid cooling companies is closely tied to their scale. The ability to achieve mass production with new processes and materials is crucial. In the AI computing sector, while the value of liquid cooling systems is relatively low, they are essential for enhancing the stability of core IP performance [13][22]. Additional Important Insights - **Emerging Technologies**: The year 2025 is anticipated to be a pivotal year for liquid cooling applications, with ongoing research into phase change cooling plates and hybrid cooling solutions [2][3]. - **Market Pricing**: The recognized price for liquid cooling materials in the AI sector is approximately $300 per kilowatt, with a typical liquid cooling plate valued at over $40,000 [22]. - **Competitive Landscape**: Companies like Zhuanshan Precision and Platinum are exploring 3D printing applications in cooling systems, although they face challenges in precision and technology advancement [6][7][23]. - **Integration and OEM Roles**: Integrators and OEM manufacturers play a crucial role in the supply chain by assembling various components into complete modules, which helps create barriers to entry for competitors [11]. - **Consumer Goods Influence**: The transfer of capabilities from the consumer goods sector to the server domain is seen as beneficial, leveraging scale and cost advantages to address technical challenges in high-heat environments [25][26]. This summary encapsulates the critical insights from the conference call, highlighting the evolving landscape of the liquid cooling industry and the pivotal role of 3D printing technology.

Group 1 - A new individual business named Pizhou Huazhiyao Cold Chain Equipment Operating Department has been established with a registered capital of 10,000 RMB [1] - The legal representative of the business is Li Zihang [1] - The business scope includes manufacturing and sales of refrigeration and air conditioning equipment, technical services, and various sales of hardware and machinery [1] Group 2 - The company is involved in a wide range of activities including general goods warehousing, electrical equipment repair and sales, and internet sales [1] - The business is permitted to operate without needing special approvals for most of its activities, except for certain regulated items [1]