（文章来源：证券日报） 证券日报网讯阿莱德9月2日在互动平台回答投资者提问时表示，公司导热散热产品的应用场景广泛，公 司会根据客户需求提供定制化解决方案。 ...

Core Viewpoint - Suzhou Tianmai, a leading thermal management technology company, demonstrates strong revenue growth driven by the consumer electronics and new energy sectors, showcasing its robust R&D capabilities and market competitiveness [1] Financial Performance - In the first half of 2025, Suzhou Tianmai achieved operating revenue of 508 million yuan, a year-on-year increase of 11.20% [1] - The net profit attributable to shareholders was 94.454 million yuan, a slight decrease of 2.14% year-on-year [1] - The company reported a healthy cash flow, with a net cash flow from operating activities of 105 million yuan and cash received from sales and services amounting to 548 million yuan [2] - Total assets reached 1.74 billion yuan by the end of the reporting period [2] Technological Advantages - Suzhou Tianmai focuses on the research and application of thermal conductive and heat dissipation products, aiming to be a leading provider of comprehensive thermal management solutions [3] - The company holds 98 patents, including 17 invention patents, with several more pending [3] - R&D investment in the first half of 2025 reached 45.0065 million yuan, reflecting a year-on-year increase of 32.91%, with an R&D expense ratio of 8.86% [3] Customer Resources and Market Diversification - With over a decade of experience in the thermal management field, Suzhou Tianmai has established a strong customer base, supplying products to renowned brands such as Samsung, OPPO, vivo, Huawei, and NIO [4] - The company maintains good relationships with various domestic and international consumer electronics manufacturers, including BYD, Foxconn, and others [4][5] - This diversified customer structure reduces operational risks and provides more opportunities for sustained growth [5] Future Outlook - The company plans to closely monitor industry technologies, customer needs, market trends, and policy changes to optimize production processes [6] - With the rapid development of technologies such as 5G, artificial intelligence, and the Internet of Things, the demand for efficient heat dissipation solutions is expected to grow [6][7] - Suzhou Tianmai is well-positioned to seize market opportunities arising from this technological innovation wave [6][7]

Core Viewpoint - The company is actively expanding its thermal management business in the data center and liquid cooling sectors, aligning its technology and product characteristics with market demands [2]. Group 1 - The company has been developing its thermal management business in the data center and liquid cooling areas for the past two years [2]. - The technology direction and product features of the company's thermal management business are highly compatible with the data center and liquid cooling fields [2]. - The company is leveraging its technological advantages to engage with market demands and is in deep discussions with potential clients [2]. Group 2 - The company plans to share information with investors through announcements or regular reports based on business progress and cooperation agreements [2]. - Investors are encouraged to pay attention to the company's disclosures in legal media for updates [2].

Core Viewpoint - The rapid development of artificial intelligence is driving a surge in demand for AI servers, and the company is exploring opportunities in this market with its thermal pads and quick connectors [2]. Group 1 - The company confirmed that its thermal dissipation products can be applied to liquid-cooled servers [2]. - The company is actively expanding its market presence in the AI server sector [2]. - The company plans to share business progress with investors through regular reports or announcements [2].

Core Viewpoint - Suzhou Tianmai has demonstrated steady financial performance in 2024, with a focus on thermal management solutions and ongoing investment in production capacity and R&D projects [1][2][3] Financial Performance - In 2024, the company achieved total revenue of 943 million yuan, a year-on-year increase of 1.62% - The net profit attributable to shareholders reached 185 million yuan, reflecting a significant growth of 20.26% compared to the previous year, primarily due to improved production efficiency and cost control [1] Project Progress - The construction of the thermal product production base has reached an investment progress of 65.83% as of December 31, 2024, with the factory and related facilities completed and ready for use, while production line construction is ongoing [2] - The first phase of the Shengzhou Tianmai thermal base has been completed, and the company is currently undergoing system and customer certification [2] R&D Initiatives - Key R&D projects for 2024 include high heat flow density uniform plates, stainless steel chemical passivation mobile phone uniform plates, titanium chemical passivation mobile phone uniform plates, new composite capillary high-performance uniform plate cooling modules, and embedded liquid cooling systems [2] - These projects aim to enhance the product structure and core competitiveness of the company, catering to diverse customer needs and potentially increasing market share [2] Production Capacity Expansion - The company operates three production bases in Suzhou, Shengzhou, and Bắc Ninh, Vietnam, with good capacity utilization in 2024 [2] - In April 2025, the company plans to invest up to 2 billion yuan to establish an intelligent manufacturing base for thermal products in Wuzhong District, Suzhou, to further expand production capacity [2] Market Focus - The company will continue to focus on core areas such as consumer electronics and automotive electronics while also exploring emerging fields like low-altitude economy and humanoid robots [3] - There will be an increase in investment in R&D resources to align with market demands and company strategy, ensuring competitiveness across product lines [3]

苏州天脉（301626）公告，公司计划购买苏州市自然资源和规划局出让的位于江苏省苏州市吴中区甪直 镇的土地使用权，并投资建设苏州天脉导热散热产品智能制造甪直基地建设项目。项目计划总投资不超 过20亿元，竞拍约100亩土地。资金来源包括自有资金、银行贷款或其他融资方式。项目建设周期较 长，预计短期内不会对公司业绩产生重大影响。 ...