2026年的新年"第一会"，顺德亮出"资本强区"新名片。 1月8日，顺德区企业上市工作大会召开。作为顺德区连续第十年高规格举办企业上市大会，本次大会亮 点纷呈。不仅聚焦企业上市赋能与高质量发展，更重磅发布云鹭上市小镇发展规划，出台并解读了《关 于促进企业上市及高质量发展 打造云鹭上市小镇的若干措施》（以下简称"云鹭上市小镇八条"）。 会后，顺德企业代表们反响热烈、感触颇深。围绕企业自身上市规划、实际政策需求，以及如何精准把 握云鹭上市小镇建设带来的历史机遇等核心话题，企业家们各抒己见、积极建言。 顺德区企业上市工作大会召开。 上市企业代表 伊之密董事长 甄荣辉 问：本次会议是顺德新年首场重要会议，您受邀参会有何感受？ 答：本次会议召开时机十分恰当。新一年度全球经济格局将迎来诸多新变化，自身做好准备至关重要。 方才领导的发言释放出明确信号，即本年度资本市场具备较好发展态势。我认为，本次大会将有效推动 拟上市企业加快推进上市进程、坚定发展信心，未来能够通过资本市场壮大自己。整体而言，本次会议 具有重要意义。 问：针对公司各类新型机械装备业务，未来计划如何借助资本市场资源，进一步推动业务升级发展？ 答：公司未来3- ...

Group 1 - Huayuan Co., Ltd. reported progress in the construction of its intelligent manufacturing base in Hubei and disclosed operational data for the first half of 2025 [1] - Lingge Technology announced new developments in its solid-state battery business, with a year-on-year increase in orders on hand [2] - Jiaxian Co., Ltd. shared updates on its photoresist business and a dual-wheel adjustment strategy during an investor meeting [3] Group 2 - Jinbo Bio announced plans to increase the registered capital of its wholly-owned subsidiary by RMB 165 million to support business development [4] - Qianjin Technology is utilizing RMB 15 million of its idle funds to purchase bank wealth management products to enhance fund efficiency [5] - Yiguangming is using RMB 30 million of its idle funds and RMB 18 million of raised funds for wealth management to improve fund efficiency [6] - Zecheng Electronics is investing RMB 26.9373 million of its idle funds in wealth management products [7] - Lijia Technology is allocating RMB 83 million of its idle funds for wealth management to enhance fund efficiency [8] Group 3 - Audiwei received a project designation notice from a leading intelligent driving system integrator, with an expected contract value of RMB 176 million [9] - Sanwei Equipment announced that several shareholders plan to reduce their holdings, with a maximum reduction of 1% of shares [10] - Guohang Ocean's wholly-owned subsidiary obtained a patent for a method and system for identifying abnormal behavior in ship entry and exit speeds, enhancing the company's competitive edge [11]

Core Viewpoint - The report from CITIC Securities indicates that overseas home appliance companies will continue to show steady performance in Q3 2025, with slight overall revenue growth and differentiated profitability across regions [1] Regional Analysis - North America shows weak demand, with consumers favoring cost-effective products leading to price pressure; residential HVAC is still in destocking, and corporate profitability is varied; commercial HVAC is performing well driven by high demand from data centers and optimized product structure [1] - Europe is experiencing a weak recovery, but demand remains at historically low levels, with heat pump demand potentially being a bright spot [1] - Emerging markets are showing mixed performance; Latin America faces weak demand due to high interest rates, inflation, and extreme weather, along with intensified competition; the Middle East is seeing strong demand driven by large projects and data centers [1]

Group 1 - The article emphasizes the importance of "zero carbon" technology in the development of green buildings, highlighting the role of environmentally friendly refrigerants like CO₂ as a key support [1][3] - PROFROID, a leading brand in CO₂ refrigerant application technology, has a strong presence in the market with over 100 core patents and is recognized for its innovative solutions in the HVAC industry [3][5] - The CO₂ heat pump water heating solution introduced by PROFROID can deliver hot water at 95℃ even in extreme cold conditions (-40℃), providing a replicable core path for transitioning from "low carbon" to "zero carbon" buildings [1][5] Group 2 - PROFROID's entry into the Chinese market, combined with Haier's local strengths, creates a synergistic effect that enhances green energy solutions to new heights, promoting "full scene, high adaptability, and true zero carbon" [3][5] - The CO₂ heat pump water unit features a Global Warming Potential (GWP) of only 1, showcasing significant environmental performance and breaking traditional limitations of heat pump temperature ranges [5] - The collaboration with international brands like Sam's Club, Lawson, and Metro demonstrates PROFROID's commitment to providing efficient HVAC solutions and its potential for scaling CO₂ technology from "high-end demonstration" to "mass adoption" [3][5]

Core Insights - Daikin is a leading player in the global HVAC industry, focusing on air-related technology and market expansion since 2025 [1][4] - The company has accelerated its global air business layout through strategic acquisitions and localized development [2][4] Group 1: Strategic Acquisitions - Daikin has made several precise acquisitions to expand its air business, including Dynamic Data Centers Solutions for AI data center cooling solutions, enhancing its capabilities in managing power consumption and heat generation [2] - The company has also acquired Kylslaget and Saltire to strengthen its residential heat pump service network in Europe, aiming to provide comprehensive and energy-efficient heating services [2] Group 2: Localized Development - Daikin has established its first innovation center in Suzhou, China, focusing on core air conditioning component R&D, aiming to lead in energy-saving and environmentally friendly technologies [2][5] - The company has opened its third manufacturing base in Huizhou, Guangdong, enhancing its integrated local operations in R&D, production, sales, and service [2][5] - In Southeast Asia, Daikin's first full-scale residential air conditioning factory in Indonesia began production in May, marking a significant step in its regional expansion [2] Group 3: Global Presence and Impact - Daikin has a presence in 175 countries and regions, with 130 production bases and 351 subsidiaries, employing over 100,000 people globally [7] - The company's investments reflect its century-long commitment to air solutions, helping users achieve energy-efficient and comfortable living environments [7] - Daikin aims to continue leveraging technological innovation and a global perspective to create healthier indoor air environments [7]

Core Viewpoint - The capital market is experiencing a vibrant IPO season in September, with significant activity in both domestic and international markets, indicating a shift in the global IPO landscape [2]. Group 1: Companies Approved for IPO - Weite Environment successfully passed the IPO review after changing underwriters and responding to multiple inquiries, with projected revenues of 3.29 billion yuan and net profits of 51.3 million yuan for 2024 [3]. - Yatu High-tech, a high-tech enterprise specializing in industrial coatings, reported a compound annual growth rate of 15.43% in revenue from 2022 to 2024, with a net profit of 145 million yuan in 2024 [4]. Group 2: Newly Listed Companies - Aifenda, a company specializing in HVAC products, saw its stock surge by 170% on its debut, closing at 74.77 yuan with a market cap of 6.48 billion yuan [5]. - Sanxie Electric, a high-tech enterprise in control motors, experienced a dramatic increase of over 860% in stock price on its first day of trading [6]. - Dahan Technology, known as the "first folding bicycle stock" in mainland China, opened at 67.5 HKD, a 36.36% increase from its issue price, with a revenue growth of 77.56% from 2022 to 2024 [8]. Group 3: Companies Filing for IPO - Electric Construction New Energy plans to raise 9 billion yuan, focusing on wind and solar power projects, with a market share of 1.43% in the domestic market [9]. - Xici Technology, a magnetic sensor company, reported fluctuating revenues, with 2024 projected revenue of 703 million yuan [10][11]. - Sige New Energy, founded by a former Huawei executive, achieved 1.2 billion yuan in revenue within four months of operation, with plans to list in Hong Kong [12]. - Maiketian, a global medical solutions provider, reported revenues of 1.31 billion yuan in 2023, with a growth of 15.4% in the first half of 2025 compared to the previous year [14]. - Bomingwei Robotics, a provider of special space robots, reported a revenue of 249 million yuan in 2024, with a compound annual growth rate of 23.9% over the past three years [15]. Group 4: Market Dynamics - Nasdaq plans to raise the minimum public holding market value from 5 million USD to 15 million USD, significantly increasing the cost of listing for Chinese companies [16].

Core Viewpoint - Jiangxi Aifenda HVAC Technology Co., Ltd. successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 10, with an initial stock price of 27.69 yuan per share, opening at 83 yuan and closing at 74.77 yuan, marking a rise of over 170% and a total market capitalization exceeding 6.4 billion yuan [1] Company Overview - Founded in 2005, Aifenda has focused on the HVAC home sector, achieving core technological breakthroughs and establishing a comprehensive R&D, design, production, and sales system, positioning itself as a "full excellence" company from technology to market [3] - The company has a production capacity of over 2 million bathroom towel racks annually, with products sold globally. As a high-tech enterprise, Aifenda emphasizes independent innovation in core technologies, holding 662 domestic patents, including 87 invention patents and 74 overseas patents as of December 31, 2024 [3] Financial Performance - Aifenda's revenue has shown consistent growth from 2022 to 2024, with figures of 762 million yuan, 830 million yuan, and 1.05 billion yuan respectively, reflecting a compound annual growth rate (CAGR) of 17.36%. The revenue from bathroom towel racks has consistently accounted for over 55% of total revenue [4] - The net profit attributable to the parent company, excluding non-recurring gains and losses, was 88.73 million yuan, 87.40 million yuan, and 127.61 million yuan for the years 2022, 2023, and 2024 respectively, with a CAGR of 19.92% [4] Revenue Composition - The main business revenue composition for 2024 is as follows: - Bathroom towel racks: 591.77 million yuan (56.68%) - HVAC accessories: 391.28 million yuan (37.47%) - Other HVAC products: 61.08 million yuan (5.85%) - Total: 1.04 billion yuan [5] Future Outlook - Through this listing, Aifenda aims to leverage capital market advantages to enhance competitiveness, expand business scale, and strengthen sustainable operational capabilities. The company plans to advance into broader markets driven by globalization and digital upgrades, focusing on technological innovation and smart manufacturing [5]

Core Viewpoint - Jiangxi Aifenda Heating Technology Co., Ltd. has officially listed on the Shenzhen Stock Exchange's ChiNext, marking its entry into the smart bathroom sector after 20 years in the heating industry, focusing on electric towel racks and attracting significant market attention [2] Company Overview - Aifenda has transitioned from traditional manufacturing to smart manufacturing since its establishment in 2005, becoming a leading player in the electric towel rack market by setting industry standards and obtaining international certifications [2] - The company has achieved a compound annual growth rate (CAGR) of 17.36% in revenue over the past three years, increasing from 760 million yuan to 1.05 billion yuan, and a nearly 20% CAGR in net profit, rising from 88 million yuan to 128 million yuan [2] - In the first half of 2025, Aifenda reported revenue of 505 million yuan and a net profit of approximately 59.78 million yuan, reflecting year-on-year growth of 7.53% and 35.53%, respectively [2] Research and Development - The company has invested a total of 87.91 million yuan in R&D over the past three years, employing a team of 189 researchers and securing 736 patents, including 87 invention patents [4] - Aifenda has been recognized as a "National Intellectual Property Advantage Enterprise" and a "Jiangxi Province Intelligent Manufacturing Benchmark Enterprise," achieving L7-level certification for its digital factory, indicating industry-leading production capabilities [4] Market Strategy - Aifenda's market strategy focuses on "overseas dominance and domestic breakthroughs," with over 90% of sales revenue coming from international markets between 2022 and 2024, serving major clients like Tsui Fung Group and Kartell UK Limited [4] - The company plans to enhance its domestic market presence post-IPO through ODM brand development and increased promotion of its own brand, targeting specific markets such as humid southern regions and mid-to-high-end hotels [4] Industry Outlook - Analysts note that the demand for smart bathroom products, including electric towel racks, will continue to grow alongside the rapid expansion of the smart home market, positioning Aifenda favorably due to its established advantages in technology, production scale, and customer network [5]

Core Insights - The article emphasizes the importance of collaboration between brands and designers to create ideal living spaces that meet user needs [1][2][10] - Daikin, as a leading brand in the HVAC industry, integrates technological innovation with user-centric services to address diverse user demands [3][5] Group 1: Role of Designers - Designers are the primary responders to user needs, requiring strong communication skills to understand and interpret the preferences of family members [2][10] - They act as a bridge between users and brands, facilitating the exchange of innovative ideas and product values while also gathering user feedback [5][10] Group 2: Daikin's Offerings - Daikin has launched a comprehensive central air system that includes air conditioning, underfloor heating, fresh air systems, smart controls, and Daikin Care services, focusing on user comfort and health [3][5] - The company addresses various user pain points related to temperature, humidity, and air quality, providing personalized settings for indoor environments [3] Group 3: Engagement with Designers - Daikin values communication with designers and has established platforms such as interior design competitions to foster collaboration and share innovative solutions [5][8] - The company also utilizes online channels to educate users about interior design trends and practical renovation tips, enhancing user experience [8] Group 4: User-Centric Approach - Daikin's approach is centered around the entire lifecycle of user experience, ensuring that their products and services meet evolving user needs [3][8] - The integration of Daikin Care services provides users with ongoing support, enhancing the overall value of their home environment [3][8]

Group 1 - The China Securities Regulatory Commission (CSRC) has approved the initial public offering (IPO) registration of Jiangxi Aifenda HVAC Technology Co., Ltd. [1] - The company is set to be listed on the ChiNext board [1]