格隆汇1月7日丨佳力图(603912.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司所 有者的净利润为负值，与上年度相比，将出现亏损。具体数据请详见公司后期将于上海证券交易所网站 正式披露的《2025年年度业绩预告》及《2025年年度报告》。 ...

哈空调公告称，控股股东工投集团计划自2025年4月28日起12个月内增持不低于公司总股本1%、不超 2%股份。截至公告披露日，增持期限已过半，但工投集团尚未增持股份，主要因综合考虑多方面因 素。拟通过集中竞价交易方式增持，后续将按计划以自有或自筹资金推进。本次增持计划可能因资本市 场变化等，存在实施无法达预期的风险。 ...

Core Viewpoint - On November 21, 2023, Shenling Environment experienced a decline of 4.54% in stock price, with a trading volume of 257 million yuan, indicating a significant market reaction to recent financial activities [1] Financing Summary - On the same day, Shenling Environment had a financing purchase amount of 21.32 million yuan and a financing repayment of 39.11 million yuan, resulting in a net financing outflow of 17.79 million yuan [1] - As of November 21, the total financing and securities lending balance for Shenling Environment was 456 million yuan, with the financing balance accounting for 3.39% of the circulating market value, which is above the 70th percentile of the past year [1] - In terms of securities lending, there were no shares sold or repaid on November 21, with the securities lending balance also at zero, indicating a high level of inactivity in this area [1] Company Overview - Shenling Environment, established on July 3, 2000, and listed on July 7, 2021, is based in Shunde District, Foshan City, Guangdong Province, specializing in air environment regulation equipment, particularly focusing on specialized air conditioning systems [2] - The company's revenue composition includes 82.94% from equipment sales, 16.68% from solutions and services, and 0.38% from other sources [2] - For the period from January to September 2025, Shenling Environment reported a revenue of 2.508 billion yuan, reflecting a year-on-year growth of 26.84%, and a net profit attributable to shareholders of 150 million yuan, up 5.05% year-on-year [2] Dividend and Shareholder Information - Since its A-share listing, Shenling Environment has distributed a total of 217 million yuan in dividends, with 138 million yuan distributed over the past three years [3] - As of September 30, 2025, the number of shareholders increased by 25.41% to 27,800, while the average circulating shares per person decreased by 20.76% to 7,107 shares [2][3] - Notable new institutional shareholders include China Aviation Opportunity Leading Mixed Fund and Yongying Digital Economy Selected Mixed Fund, while Hong Kong Central Clearing Limited and Baoying Strategy Growth Mixed Fund have exited the top ten circulating shareholders list [3]

Group 1 - The company, 哈空调, reported a revenue of approximately 827 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 12.19% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 23.82 million yuan [1] - The basic earnings per share showed a loss of 0.0621 yuan [1] Group 2 - As of the report date, the market capitalization of 哈空调 is 2.4 billion yuan [1]

Core Viewpoint - The company reported a significant decline in revenue and a net loss for the third quarter of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters of 2025 was 827 million yuan, representing a year-on-year decrease of 12.19% [1] - The net profit attributable to shareholders of the parent company was -23.82 million yuan, compared to a net profit of 1.43 million yuan in the same period last year [1] - The basic earnings per share were -0.0621 yuan [1]

Core Viewpoint - The company reported a revenue of 278 million yuan in the third quarter, marking a year-on-year increase of 19.21%, but faced a net loss of 16.18 million yuan [1] - For the first three quarters, the company generated a revenue of 827 million yuan, reflecting a year-on-year decline of 12.19%, with a net loss of 23.82 million yuan [1] Financial Performance - Third quarter revenue reached 278 million yuan, up 19.21% year-on-year [1] - Net loss for the third quarter was 16.18 million yuan [1] - Year-to-date revenue for the first three quarters was 827 million yuan, down 12.19% compared to the previous year [1] - Cumulative net loss for the first three quarters amounted to 23.82 million yuan [1]

Core Viewpoint - The company’s subsidiary, Fengbo Environment, is involved in the construction of a 2400-meter deep underground constant temperature and humidity laboratory project, showcasing the company's technical strength and engineering experience in precision environmental control [1] Group 1 - The project is designed and integrated by Fengbo Environment, highlighting the company's comprehensive solution capabilities [1] - The core equipment utilized in the project includes high-precision constant temperature and humidity units developed by the company [1] - The project encompasses multiple key modules, including a fresh air handling system, automation control system, electrical supporting system, and laboratory renovation works [1]

Core Viewpoint - On October 9, 2023, Shenling Environment experienced a decline of 2.65% in stock price with a trading volume of 1.065 billion yuan, indicating market volatility and investor sentiment towards the company [1]. Financing Summary - On the same day, Shenling Environment had a financing purchase amount of 165 million yuan and a repayment of 112 million yuan, resulting in a net financing purchase of 52.16 million yuan [1]. - As of October 9, the total financing and securities lending balance for Shenling Environment was 658 million yuan, which represents 3.56% of its circulating market value and is above the 90th percentile of the past year, indicating a high level of financing activity [1]. - In terms of securities lending, there were no shares repaid or sold on October 9, with a remaining quantity of 100 shares and a securities lending balance of 6,942 yuan, which is above the 70th percentile of the past year, also indicating a high level of activity [1]. Company Overview - Shenling Environment, established on July 3, 2000, and listed on July 7, 2021, is located in Shunde District, Foshan City, Guangdong Province. The company specializes in air environment regulation equipment, focusing on research, design, manufacturing, marketing, installation, and maintenance services [2]. - The company's main business revenue composition includes 82.94% from equipment sales, 16.68% from solutions and services, and 0.38% from other sources [2]. - As of June 30, 2023, the number of shareholders was 22,200, a decrease of 1.82% from the previous period, while the average circulating shares per person increased by 1.85% to 8,969 shares [2]. Financial Performance - For the first half of 2023, Shenling Environment reported a revenue of 1.682 billion yuan, representing a year-on-year growth of 28.95%, and a net profit attributable to shareholders of 150 million yuan, reflecting a year-on-year increase of 35.95% [2]. Dividend Information - Since its A-share listing, Shenling Environment has distributed a total of 217 million yuan in dividends, with 138 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2023, among the top ten circulating shareholders, E Fund Supply-side Reform Mixed Fund (002910) was the seventh largest shareholder with 2.6008 million shares, marking a new entry. Hong Kong Central Clearing Limited was the ninth largest shareholder with 1.8120 million shares, an increase of 498,600 shares from the previous period. Additionally, Baoying Strategy Growth Mixed Fund (213003) was the tenth largest shareholder with 1.4185 million shares, also a new entry [3].

Summary of Shunling Environment Conference Call Company Overview - Shunling Environment has over 20 years of experience in the professional temperature control equipment sector, transitioning from a device seller to a vertically integrated solution provider, focusing on four main scenarios: data services, industrial applications, and special workpieces [2][4][5] Financial Performance - In the first half of 2025, the company reported revenue of 1.68 billion yuan, a year-on-year increase of 29%, with the data services segment accounting for over 50% of total revenue, growing by 43.77% year-on-year [2][6] - The net profit attributable to shareholders was 150 million yuan, up 36% year-on-year, indicating significant recovery in profitability [2][6] - New orders from January to August increased by 200% year-on-year [2][6] Future Revenue Projections - Revenue projections for 2025 to 2027 are 4.4 billion yuan, 6.4 billion yuan, and 8.3 billion yuan, respectively, with a compound annual growth rate (CAGR) of nearly 40% [3][4] - Net profit forecasts for the same period are 290 million yuan, 420 million yuan, and 670 million yuan [3][4] Market Position and Competitive Advantage - Shunling Environment holds a leading position in the domestic data center temperature control market, similar to the role of Xiaowei [3] - The company has made breakthroughs in overseas markets, indicating significant future market potential [3] - The company differentiates itself by providing not only products but also operational services and comprehensive energy consumption management solutions for data centers [9] Data Center Trends - The data center segment is expected to benefit from the increasing proportion of intelligent computing centers and rapid development in chip computing power [7] - By 2026, global data center computing power demand is projected to reach 96 GW, with AI accounting for 40 GW [7] Liquid Cooling Technology - The transition from air cooling to liquid cooling is seen as a significant trend, with Shunling Environment having developed a full-chain solution since 2011 [8] - Current market focus on liquid cooling is primarily on GPU and CPU, but other components also require cooling [8] Energy Management in Data Centers - Energy management is critical for data centers, especially in meeting PUE (Power Usage Effectiveness) standards [10] - The company has developed a series of vertical solutions for energy planning, system design, and lifecycle monitoring to enhance energy efficiency [11] Client Base - Major clients include China Mobile, China Telecom, China Unicom, Huawei, ByteDance, Tencent, Alibaba, Meituan, Kuaishou, and JD.com, with strong collaboration and revenue growth from these key accounts [13] Other Focus Areas - Besides data services, the company is also targeting industrial and special scenarios for thermal management, with a focus on distributed energy and nuclear power [14] Risks to Monitor - Potential risks include lower-than-expected computing power demand, chip supply issues, international trade friction, and intensified industry competition [16]

Core Viewpoint - Guangzhou Jiale Air Conditioning and Electromechanical Equipment Co., Ltd. has been established with a registered capital of 30,000 RMB, indicating a new player in the air conditioning and mechanical equipment sector [1] Company Overview - The company specializes in the sales of refrigeration and air conditioning equipment, showcasing its focus on the HVAC (Heating, Ventilation, and Air Conditioning) market [1] - It also engages in the recycling and wholesale of renewable resources, indicating a commitment to sustainability [1] - The company offers a wide range of services including professional cleaning, disinfection, and installation of household appliances, which may enhance its service portfolio [1] Business Activities - The operational scope includes mechanical equipment installation, daily appliance repair, and engineering contracting, suggesting a diversified business model [1] - The company is involved in the sale of various products such as batteries, office supplies, and solar thermal utilization products, reflecting a broad market reach [1] - It provides information technology consulting and engineering management services, which may attract clients looking for comprehensive solutions [1]