Group 1 - The company, Sanhua Intelligent (02050), plans to conduct an initial public offering (IPO) from June 13 to June 18, 2025, offering 360 million H-shares globally, with 7% allocated for public sale in Hong Kong and 93% for international sale, plus a 15% over-allotment option [1] - The company is the largest manufacturer of refrigeration and air conditioning control components globally, with a market share of approximately 45.5% in the refrigeration and air conditioning control components market and ranked fifth in the automotive thermal management system components market with a 4.1% share, according to Frost & Sullivan [1] - The company aims to develop a smart low-carbon economy and focuses on research, promotion, and application of thermal management technology, providing energy efficiency solutions to global customers [1] Group 2 - The company has entered into cornerstone investment agreements with several investors, including Schroders and GIC, agreeing to subscribe for shares at the offering price, totaling approximately $562 million [2] - Assuming no exercise of the over-allotment option and based on a median offering price of HKD 21.87 per share, the company estimates net proceeds from the global offering to be approximately HKD 7.741 billion [3] - The estimated net proceeds will be allocated as follows: 30% for ongoing global R&D and innovation, 30% for expanding and building new factories in China, 25% for enhancing overseas capacity, 5% for strengthening digital infrastructure, and 10% for working capital and general corporate purposes [3]

假设发售量调整权及超额配股权未获行使，且假设发售价为每股21.87港元(即指示性发售价范围的中位 数)，集团估计将收取全球发售所得款项净额约77.406亿港元。集团拟将全球发售所得款项用作以下用 途：所得款项净额约30%将用于产品组合的持续全球研发及创新，包括集团的技术、现有产品、新产品 及新兴业务，以巩固集团的现有实力，并于未来三年实现持续增长；约30%将用于未来三年内于中国扩 建及新建工厂以及提高生产自动化水平，以进一步提高集团的产能及效率；约25%将用于通过扩大集团 的海外产能深化全球化布局，预期可使集团在未来三年内把握全球范围内的新商机，深化实施供应链本 地化策略；约5%将用于在未来三年内加强集团的数字智能基础设施，提高供应链管理、研发、生产、 质量控制、销售及运营等多项业务流程的数字化能力；以及所得款项净额约10%将用作营运资金及一般 企业用途。 集团秉持"专注领先、创新超越"的发展战略，致力于完善现有产品组合的同时，积极培育新的可持续增 长引擎。集团从早期便高度重视建立全球网络。综合的全球研发布局以及因地制宜的生产销售网络能够 让集团快速对接客户需求，同时增强集团对多元化市场的洞察力，进而开发出满 ...

Core Viewpoint - Gree Electric Appliances and Hefei General Machinery Research Institute jointly released two international standards for refrigeration compressors, marking a significant milestone for China's compressor industry [1][3]. Group 1: International Standards - The two international standards released are: "Performance Evaluation of Positive Displacement Refrigeration Compressors" (ISO 18501:2025) and "Performance Evaluation of Centrifugal Refrigeration Compressors" (ISO 18483:2025) [3]. - These standards were developed over four years, involving more than 20 discussions among domestic and international experts, and represent the first successful establishment of ISO standards in the refrigeration compressor field in 20 years [3]. Group 2: Industry Impact - The release of these standards fills a gap in international standards for refrigeration compressors and highlights the role of Chinese enterprises in promoting the global refrigeration compressor industry towards standardization and efficiency [4]. - China's compressor production capacity is projected to account for 80.5% of the global market by 2024, with continuous growth in market share [9]. - The global refrigeration compressor market was valued at 128.55 billion yuan in 2023, with expectations to grow to 177.22 billion yuan by 2029, emphasizing the importance of developing efficient refrigeration compressors and establishing standards for industry advancement [9].

6月12日，"标准为桥世界无界"ISO制冷压缩机国际标准全球发布会在广东珠海盛大开幕。本次大会由珠海格力电器股份有限公司（以下简称"格力 电器"）与合肥通用机械研究院联合主办。会上，由格力电器联合合肥通用机械研究院、清华大学主导制定的两项制冷压缩机国际标准——《容积 式制冷压缩机性能评价》（ISO 18501：2025）与《离心式制冷压缩机性能评价》（ISO 18483：2025）正式全球发布。这是ISO制冷压缩机分委会 （ISO/TC86/SC4）成立近半个世纪以来，首次由中国牵头制定并成功发布的核心性能评价标准，填补了该领域长期以来的国际空白。 据了解，这两项标准历经格力电器等多方的艰苦努力与国际的深入交流协作，才得以成功发布。这不仅为制冷压缩机的能效评价提供了科学且合 理的解决方案，更标志着中国在国际制冷压缩机标准领域实现了重大突破，成功将"中国智慧"融入国际标准之中。 （发布会现场图/格力电器） 大会伊始，格力电器董事长、ISO/TC86/SC4主席董明珠致欢迎辞。她表示，压缩机是空调核心部件。中国是一个压缩机制造大国，但过去在主导 制定制冷压缩机国际标准方面没有掌握话语权。"格力电器这十年来，我们总 ...

2025.06. 12 本文字数：1422，阅读时长大约3分钟 作者 | 第一财 经 王珍 格力是全球最大的分体式空调生产商。近年国内外空调市场竞争加剧，格力电器2024年营收1892亿 元，同比下降7.26%；2025年一季度营收415.07亿元，同比增长14.14%。面对激烈的竞争，格力 需要用技术创新巩固和提升自己的行业地位。此外，海外市场是格力未来增长点，主导国际标准制定 将有助于格力进一步开拓国际市场。 6月12日，格力电器（000651.SZ，简称格力）和合肥通用机械研究院在珠海正式对外公布了两项 制冷压缩机国际标准。作为国际标准化组织（ISO）制冷压缩机的试验和评定分委会主席，格力电器 董事长董明珠表示，藉此希望为全球空调压缩机企业创造绿色能源环境提供技术支持。她并且认为， 消费者认可才是最高的标准。 压缩机是空调的"心脏"。中国空调、空调压缩机产量在全球居首位，像格力每年对内对外要提供 5000万台压缩机，但是中国企业此前在该领域缺乏国际标准话语权。当天公布的两项国际标准包括 《离心式制冷压缩机性能评价》、《容积式制冷压缩机性能评价》，是由格力、合肥通用机械研究院 和清华大学联合主导制定的，体 ...

Group 1 - The core viewpoint of the article is that Ningbo Huikang Industrial Technology Co., Ltd. has received approval for its IPO on the Shenzhen Stock Exchange, aiming to raise approximately 1.79655 billion yuan, highlighting its strong market position in the ice-making machine sector [1] - The company is recognized as a national high-tech enterprise, focusing on the research, production, and sales of refrigeration equipment, with a product range that includes ice machines, refrigerators, and cold cabinets, serving both residential and commercial markets [1][2] - The company has a significant global presence, covering over 80 countries and regions, and holds the top market share in domestic sales of ice machines and the global market [1][2] Group 2 - The company employs a sales-driven procurement model and has established a stable business model primarily based on ODM (Original Design Manufacturer), with ODM sales accounting for 81.10%, 83.59%, and 88.19% over the reporting periods [2] - The company has been actively developing its own brands, such as "HICON" and "WATOOR," and has seen an upward trend in OBM (Original Brand Manufacturer) revenue [2] - The company plans to allocate the raised funds towards various projects, including the construction of an intelligent manufacturing base and the upgrade of production facilities, with a total investment of approximately 199.71 million yuan [3] Group 3 - Financially, the company reported revenues of 1.93 billion yuan, 2.49 billion yuan, and 3.20 billion yuan for the years 2022, 2023, and 2024 respectively, with net profits of 225 million yuan, 345 million yuan, and 442 million yuan for the same years [3][4] - As of December 31, 2024, the total assets are projected to be approximately 2.826 billion yuan, with a net profit of around 451 million yuan, and a basic earnings per share of 4.05 yuan [4] - The company has maintained a decreasing debt-to-asset ratio, improving from 73.15% in 2022 to 64.28% in 2024, indicating a strengthening financial position [4]

压缩机作为制冷设备核心部件，高能耗的压缩机大规模应用为碳排放带来了极大压力。清华大学长 聘副教授、国际制冷学会空调委员会副主席王宝龙表示，压缩机作为制冷系统的核心部件，其能耗占系 统总能耗达80%以上，而目前压缩机的能效水平仍远低于其理论能效。2023年全球制冷压缩机市场规模 达1285.5亿元，预计到2029年全球规模将增至1772.2亿元。发展高效压缩机、推动压缩机标准建设是制 冷行业减排与高质量发展的关键。 值得关注的是，上述两项制冷压缩机国际标准正式发布之前，从提出提案到立项、再到送审的过程 并非一帆风顺。2021年，格力组建压缩机国际标准团队；2022年2月，SC4第十届全体大会以视频会议 的形式召开，会上中国提出两项制冷压缩机的国际标准提案，但遭遇了来自其他国家专家的不同意见； 2022年9月，这两项国际标准提案取得突破性进展，经过投票高票通过立项，是ISO制冷压缩机领域过 去20年来首次成功立项的标准。 6月12日，格力电器联合合肥通用机械研究院和清华大学主导制定的两项制冷压缩机国际标准—— 《容积式制冷压缩机性能评价》（ISO 18501:2025）与《离心式制冷压缩机性能评价》（ISO 18 ...

中国企业主导全球制冷压缩机标准制定，助力碳减排、国际竞争力的提升。 2022年，格力和合作伙伴一起提出上述两项制冷压缩机国际标准提案。当时，曾有其他国家的专家对制定国际压缩机性能评价标准的必要性提出质疑。格力 和合作伙伴与十多个国家的代表、国际专家反复研讨，吸纳了几百条意见。上述两项标准历时30个月，终于在今年获得国际标准化组织通过。 王宝龙说，北美、欧洲、中国、日本均已有各自的容积式压缩机性能评价标准，但众多未来主要制冷空调设备应用地区（如东南亚、中东及非洲、拉美）缺 乏相关标准。上述两项国际标准颁布后，这些新兴市场的空调压缩机也有标准可循。此外，随着新型制冷剂的替换、热泵等新兴场景的发展，压缩机标准也 要因时而变。所以，制冷压缩机国际标准制定对推广高效压缩机技术及促进制冷业国际贸易均有重要意义 。 "中国压缩机产量在全球占比大，但是高精尖技术与先进国家还是有一定差距。"李江提醒说。西安交通大学教授、中国制冷学会常务理事邢子文也认为，空 调压缩机技术未来在高效化、可靠性、减少噪音、降低成本等方面仍有很大的提升空间。 6月12日，格力电器（000651.SZ，简称格力）和合肥通用机械研究院在珠海正式对外公布了 ...

证券代码：000811 证券简称：冰轮环境 三、讨论了公司应用于核电行业的产品 近期，国家核电建设释放提速信号。在这个领域，公司聚焦 核岛冷却、核能供热等核心场景，研发出一系列核岛冷却、冷却 余热回收、安全壳内无动力空冷器、水热同产同送、核能供暖大 温差长输供热等创新技术，为核电站安全稳定运行与清洁能源高 效利用，提供坚实的技术支撑与解决方案。 旗下换热技术公司依托流体动力技术底蕴，创新研发出安 全壳内屏蔽冷却水系统无动力空冷器，批量供货全球首座商用四 代技术高温气冷堆；旗下顿汉布什公司是全球核岛制冷机服务 商，拥有 20 余年核电服务经验，是国家能源局《核空气和气体 处理规范 通风、空调与空气净化 第 18 部分 制冷设备》标准的 主要起草单位，是国内唯一一个在核岛各个区域都有应用且核岛 制冷机品种最全的生产厂家，有着丰富的国内外案例。旗下华源 泰盟公司以荣获国家技术发明二等奖的吸收式换热技术为基础， 与清华大学合作研发出水热同产同送(应用于核能利用海水淡化 技术)、核能供暖大温差长输供热技术等，已在国家电投"暖核 一号"核能供暖项目应用，央视新闻以"我国首个跨城核能供热 项目正式投运"为标题进行了播报。 ...

Core Insights - Haier's charitable initiative, the "Love Refrigerator," has been running for eight consecutive years since 2018, benefiting over a million people across more than 40 cities in China [1][6] - This year, the initiative is specifically targeting high school examination venues in 33 cities, providing free chilled beverages to parents waiting outside during the exam period [1] Group 1 - The "Love Refrigerator" provides free access to chilled drinks such as mineral water and beverages for parents in high-temperature conditions during the national college entrance examination [1] - The initiative has established a vast network of over a thousand refrigerator stations in cities like Beijing, Xi'an, and Shanghai, creating a "cooling network" for workers exposed to high temperatures [6] Group 2 - The newly introduced Mailang upright freezer features HCF fresh freezing technology, maintaining a constant temperature of -30°C, ensuring that ice cream retains its smooth texture even in high heat [3] - The "100-Hour Power Outage Challenge" showcases Haier's innovative cooling technology, which enhances freezing capacity by nearly 40% and maintains cooling for 100 hours without external power [4] Group 3 - After the examination period, the "Love Refrigerator" will be relocated to areas with high concentrations of outdoor workers, such as sanitation workers and delivery personnel, continuing its mission of providing cooling services [6] - Haier aims to expand its charitable efforts, spreading care and cooling services to more cities and communities in the future [6]