（记者 曾健辉） 毅昌科技（002420.SZ）10月9日在投资者互动平台表示，公司为新能源汽车行业提供动力电池液冷板产 品，为储能系统相关行业提供液冷板及相关结构件、逆变器轻量化结构件等，新能源主要客户为中创新 航、亿纬锂能、阳光电源、海博思创等多家行业知名企业。 每经AI快讯，有投资者在投资者互动平台提问：公司收购了芜湖汇展新能源公司，由此切入新能源汽 车动力电池热管理领域。请介绍一下主要产品，这些产品分别供货给哪些客户？ ...

Core Viewpoint - The lithium battery market is showing signs of recovery, with companies like Hengyi Energy Technology Co., Ltd. restarting their IPO processes, indicating a restoration of capital pathways in the industry [2][4]. Group 1: Hengyi Energy Technology Co., Ltd. - Hengyi Energy, established in December 2018, focuses on intelligent manufacturing equipment for lithium batteries and has delivered over 500 GWh of production and testing lines globally [2]. - The company has a significant reliance on CATL, with over 50% of its revenue coming from this major client, which is also a shareholder [3]. - Hengyi Energy claims that its high revenue concentration from CATL is typical for the industry and is working to diversify its client base, with a decreasing proportion of orders from CATL [3]. Group 2: Other Companies in the Lithium Battery Supply Chain - Nanbaichuan New Energy Co., Ltd. has successfully passed the IPO review and is in the registration phase, aiming to raise 729 million yuan for production projects and working capital [6][7]. - Xinfu New Energy Technology Co., Ltd. has submitted an IPO application, focusing on thermal management components for electric vehicles, with plans to raise 463 million yuan [8]. - Wuxi Lichi Intelligent Equipment Co., Ltd. is also in the IPO process, seeking to raise 1.008 billion yuan for automation equipment projects and R&D [8][9].

Core Viewpoint - The successful registration of Nabichuan New Energy Co., Ltd. marks strong market recognition of its technological capabilities, customer system, and development strategy, opening broader capital channels for future growth [1] Group 1: Company Overview - Established in 2007, Nabichuan is one of the early high-tech enterprises focusing on thermal management for electric vehicle power batteries in China [2] - The company's main product, the power battery liquid cooling plate, is a core component of electric vehicle battery systems, widely used in various applications including passenger vehicles and energy storage [2] Group 2: Technological Innovation - Nabichuan has consistently increased its R&D investment from 34.07 million yuan in 2022 to 54.11 million yuan in 2024, with a total of 203 authorized patents, including 20 invention patents [2] - The company has achieved industry-leading performance metrics, such as maintaining a temperature deviation of ≤3℃ and a flow resistance deviation within 5%, significantly better than the industry average of 15% [2] Group 3: Market Position and Partnerships - Nabichuan has successfully integrated into the global mainstream electric vehicle supply chain, establishing deep partnerships with industry giants like CATL and NIO, covering over 200 vehicle models [3] - The company has completed more than 300 development projects, reflecting strong market recognition of its products [3] Group 4: Financial Performance - From 2022 to 2024, Nabichuan's main business revenue grew from 1,008.13 million yuan to 1,407.81 million yuan, with a compound annual growth rate of 18.17% [4] - In Q1 2025, the company achieved a revenue of 329.42 million yuan, a year-on-year increase of 69.55% [4] Group 5: Growth Opportunities - The demand for thermal management systems in electric vehicles is expected to grow, with projections indicating that by 2025, the global liquid cooling plate market will reach 14.5 billion yuan [5] - Nabichuan plans to use IPO funds primarily for a production project in Chuzhou, which aims to produce 3.6 million sets of cooling plates annually, significantly enhancing production capacity [5] Group 6: Future Outlook - Post-IPO, the company will continue to strengthen R&D and production capacity, enhancing product competitiveness and creating sustainable value for investors [6]

8月28日，记者从深交所获悉，纳百川新能源股份有限公司（下称"纳百川"）创业板IPO过会。 纳百川长期专注于新能源汽车动力电池热管理系统领域，主营产品动力电池液冷板是新能源汽车动力电池系统的关键组成部分。2015年，公司 与行业龙头宁德时代建立战略合作关系，2016年，公司为上汽大众国内首款新能源车型配套热管理系统。历经十余年发展，公司已构建覆盖蔚 来、小鹏、理想、零跑等主流主机厂的客户体系，产品广泛应用于乘用车、储能等多个场景，是国内电池液冷板领域的行业标杆企业。 据招股书，本次公司拟IPO募资7.29亿元，计划使用募集资金5.79亿元投资纳百川（滁州）新能源科技有限公司年产360万台套水冷板生产项目 （一期）、1.5亿元用于补充流动资金。 回溯纳百川IPO进程，2023年9月，公司IPO申请获深交所受理，后共获交易所两轮问询。上市委会议现场，审核委员会要求公司结合下游新能 源汽车行业竞争态势、电池液冷板价格变动趋势，以及公司预测2025年期间费用变动情况等，说明预测 2025 年扣非归母净利润同比增长 14.05%的谨慎性及合理性。 财务数据显示，2022年度、2023年度、2024年度和2025年1-3 ...

Core Viewpoint - Nanbaichuan New Energy Co., Ltd. has received approval for its IPO application on the ChiNext board, highlighting its position as a leading player in the thermal management systems for electric vehicle battery applications in China [1] Group 1: Company Overview - The company has focused on the research and development of thermal management systems for electric vehicle batteries since 2011, establishing a strategic partnership with industry leader CATL in 2015 [1] - Nanbaichuan has developed a robust customer base, including major automotive manufacturers such as NIO, Xpeng, and SAIC, and has adapted over 200 vehicle models [1] - The company has completed over 300 development projects, showcasing its strong system matching and rapid response capabilities [1] Group 2: Research and Development - R&D is a strategic priority for the company, with R&D expenses increasing from 34.07 million yuan in 2022 to 54.11 million yuan in 2024 [2] - The company holds 203 authorized patents, including 20 invention patents and 183 utility model patents, covering key technology areas such as thermal management design and lightweight processes [2] - Nanbaichuan is advancing its production transformation towards intelligent and green manufacturing, implementing fully automated production systems to enhance efficiency and product consistency [2] Group 3: Financial Performance - From 2022 to 2024, the company's main business revenue is projected to grow from 1.008 billion yuan to 1.408 billion yuan, with a compound annual growth rate of 18.17% [3] - In the first quarter of 2023, the company achieved a revenue of 329.42 million yuan, reflecting a year-on-year growth of 69.55% [3] - The company anticipates a revenue of 1.737 billion yuan in 2025, representing a year-on-year growth of 20.86% [3] Group 4: Market Expansion - Beyond the electric vehicle sector, Nanbaichuan has made significant strides in the energy storage thermal management market, entering the supply chains of leading companies like CATL and Sungrow [3] - The global energy storage battery shipment is expected to reach 449 GWh by 2025, with a year-on-year growth of approximately 21.42%, indicating a potential second growth curve for the company [3] Group 5: IPO Fund Utilization - The funds raised from the IPO will primarily be used for the production project of 3.6 million sets of water-cooled plates at Nanbaichuan (Chuzhou) New Energy Technology Co., Ltd., with a total investment of 579.40 million yuan [3] - This project, located in Chuzhou, Anhui Province, is expected to significantly enhance the company's production capacity and better meet market demand [3]

Core Viewpoint - Nanbaichuan New Energy Co., Ltd. has successfully passed the IPO review on the ChiNext board, focusing on thermal management systems for electric vehicle power batteries [1] Company Overview - Nanbaichuan specializes in the field of thermal management systems for electric vehicle power batteries, with its main product being the liquid cooling plate, a critical component of electric vehicle battery systems [1] - The company has established a strategic partnership with industry leader CATL since 2015 and provided thermal management systems for SAIC Volkswagen's first domestic electric vehicle model in 2016 [1] - Over more than a decade, Nanbaichuan has built a customer base that includes major manufacturers such as NIO, Xpeng, Li Auto, and Leap Motor, making it a benchmark enterprise in the domestic battery liquid cooling plate sector [1] Financial Information - The company plans to raise 729 million yuan through its IPO, with 579 million yuan allocated for a production project of 3.6 million sets of water cooling plates and 150 million yuan for working capital [1] - Financial data shows that the operating revenues for the years 2022, 2023, 2024, and the first quarter of 2025 are 1.031 billion yuan, 1.136 billion yuan, 1.437 billion yuan, and 337 million yuan respectively [2] - The net profits attributable to the parent company for the same periods are 113 million yuan, 98.25 million yuan, 95.43 million yuan, and 14.89 million yuan respectively [2] Shareholding Structure - Before the issuance, Chen Rongxian is the controlling shareholder, with Chen Rongxian, Zhang Liqin, and Chen Chaopengyu as the actual controllers, collectively holding 55.58% of the company's shares [2]

Core Viewpoint - The company, Yichang Technology, is focused on high-quality development in its core business areas, including automotive components, new energy, and medical health, with significant growth in revenue and strategic expansion plans [2][3][4]. Financial Performance - In 2024, the company reported total revenue of approximately 2.68 billion yuan, with a net profit attributable to shareholders of about 94.70 million yuan [3]. - For Q1 2025, the company achieved revenue of approximately 717.57 million yuan, with a net profit of about 21.89 million yuan [3][6]. - The company's gross margin stood at 13.24% [6]. Revenue Growth by Sector - In 2024, revenue from the new energy sector reached approximately 435.96 million yuan, a year-on-year increase of 102.78% [2]. - Revenue from the automotive sector was approximately 940.60 million yuan, up 19.61% year-on-year [2]. - Revenue from the home appliance sector decreased by 5.94% to approximately 764.44 million yuan, while the medical health sector saw a decline of 5.63% to about 37.57 million yuan [2]. R&D and Production Capacity - The company plans to expand production capacity in the automotive and new energy sectors, with new production lines expected to launch in Q2 2025 [2][4]. - The number of R&D personnel increased to 201 in 2024, representing 11.14% of the workforce, indicating a focus on technological innovation [2][3]. Strategic Focus - The company aims to enhance its market share in the medical health sector, particularly in in vitro diagnostic instruments and consumables, leveraging its design and mold capabilities [4][5]. - The strategic direction emphasizes high-quality development in home appliance components, accelerated growth in automotive components, and rapid development in new energy and medical health sectors [3][5].

Group 1: Financial Performance - The company's 2024 operating revenue reached ¥2,683,352,526.85, with a net profit attributable to shareholders of ¥94,699,367.09 [4] - In Q1 2025, the operating revenue was ¥717,565,468.02, with a net profit of ¥21,890,902.55 [4] - The net cash flow from investment activities increased by 83.59% compared to the same period last year, primarily due to a significant decrease in cash paid for fixed assets and other long-term assets [5] Group 2: Revenue Breakdown by Sector - Revenue from the new energy sector in 2024 was ¥43,595.65 million, a year-on-year increase of 102.78% [2] - Revenue from the automotive sector was ¥94,060.34 million, up 19.61% year-on-year [2] - Revenue from the home appliance sector decreased by 5.94% to ¥76,443.54 million, while the medical health sector saw a decline of 5.63% to ¥3,756.89 million [2] Group 3: R&D and Innovation - The number of R&D personnel increased to 201 in 2024, accounting for 11.14% of the workforce, with 2 PhD holders [2] - The company focuses on developing core products with dual technical and process barriers in the automotive parts sector, including IML grilles and lightweight products [5] - In the new energy sector, the company has developed a comprehensive range of liquid cooling plates for batteries [5] Group 4: Strategic Focus and Future Plans - The company aims for high-quality development in home appliance structural components while accelerating growth in automotive and new energy sectors [3] - Future capital expenditures will continue to focus on automotive, new energy, and medical health sectors [5] - The company plans to expand its market share in the field of in vitro diagnostic instruments and consumables [6]