公告显示，同飞股份的股东张国山、张浩雷、李丽（以下合称"出让方"）计划询价转让509.24万股，占 公司总股本的3.00%，转让原因为自身资金需求。 文丨刘信凤 10月9日，同飞股份（300990.SZ）低开低走，截至收盘报78.02元/股，下跌8.21%，成交量6.89万手，成 交额5.55亿元，换手率8.87%，公司总市值132.4亿元。 节前最后一个交易日（9月30日），同飞股份披露了一份《股东询价转让计划书》。 本 公告显示，因股权激励归属导致公司总股本增加及三河众和盈企业管理中心（有限合伙）（以下简 称"众和盈"）主动减持的原因，控股股东、实际控制人张国山、张浩雷、李丽、王淑芬及一致行动人众 和盈合计持股比例由75.0000%下降至73.9889%，权益变动触及1%的整数倍。众和盈通过集中竞价方式 减持76.44万股，占公司总股本的0.4503%。 | 序号 | 拟转让股东名称 | 拟转让股份数 量(股) | 占公司总股 本比例 | 占所持股份 的比例 | 转让原因 | | --- | --- | --- | --- | --- | --- | | 1 | 张国山 | 3,500,400 | 2.0 ...

Industry Overview - The industrial temperature control equipment is crucial for precise temperature regulation in various production processes, enhancing the stability, reliability, and lifespan of industrial devices [1][3] - The market size of China's industrial temperature control equipment industry is projected to reach approximately 80 billion yuan in 2024, with a year-on-year growth of 12.83% [1][8] - The demand for high-precision temperature control equipment is surging due to the upgrading of intelligent manufacturing and the release of new industry needs, particularly in sectors like renewable energy, semiconductors, and data centers [1][8] Market Scale - The global industrial temperature control equipment market is expected to reach USD 19.658 billion in 2024, reflecting a year-on-year growth of 7.72% [6][8] - The data center market in China is projected to reach 277.3 billion yuan in 2024, with a year-on-year increase of 15.21%, driving the demand for temperature control equipment [5][8] Industry Chain - The upstream of the industrial temperature control equipment industry includes raw materials such as metals, plastics, and refrigerants, as well as mechanical components like compressors and heat exchangers [3] - The downstream applications encompass data centers, semiconductor manufacturing, energy storage systems, medical devices, and new energy vehicles [3] Key Companies - Invek Technology Co., Ltd. focuses on precision temperature control energy-saving equipment, serving major internet companies and participating in the supply chain of NVIDIA [10] - Tongfei Refrigeration Co., Ltd. specializes in industrial refrigeration equipment and has seen significant revenue growth, with a 109.02% increase in revenue year-on-year for Q1 2025 [10] Development Trends - Liquid cooling technology is emerging as a core growth point, with companies like Invek achieving significant energy savings through advanced cooling solutions [11] - The demand for high-precision temperature control equipment is expected to grow in new application areas such as electric vehicles and energy storage, driven by the rapid development of intelligent manufacturing [12] - The industry's transition towards low-carbon solutions is being accelerated by carbon neutrality goals, with companies adopting green technologies and participating in standard-setting initiatives [14]

Group 1 - The "specialized and innovative" enterprises are crucial to China's manufacturing sector, with a focus on their innovation capabilities and growth potential [1] - As of August 29, 611 listed companies certified as national-level "specialized and innovative" small giants reported their half-year performance, with 276 companies showing year-on-year profit growth and 14 companies turning losses into profits [1][2] - Over 400 companies increased their R&D expenditures year-on-year, with 17 companies seeing an increase of over 100%, particularly in electronic components and machinery [1][3] Group 2 - More than 90% of the 611 "small giants" achieved profitability, with 583 companies reporting profits; 276 companies experienced profit growth, and 14 turned losses into profits [2] - Among the profitable companies, 97 reported net profits exceeding 100 million yuan, with Pizaihuang and Enjie Co., Ltd. leading with net profits of 1.541 billion yuan and 1.405 billion yuan, respectively [2] - The majority of the 276 companies with profit growth are from the machinery, power equipment, pharmaceutical, automotive, and electronics sectors, indicating strong growth momentum [2] Group 3 - Many "specialized and innovative" small giants are increasing R&D investments to enhance their technological capabilities [3] - Of the 611 companies, 428 increased their R&D spending, with an average R&D expense-to-revenue ratio of approximately 10.15%; 31 companies had R&D expenses exceeding 30% of their revenue [3] - Companies in the electronics and machinery sectors are particularly focused on increasing R&D investments, with 92 companies reporting R&D expense growth rates exceeding 50% [3] Group 4 - Zhongke Lanyun, a company from the Sci-Tech Innovation Board, focuses on wireless audio SoC chip design and reported a 184.45% increase in R&D expenses, accounting for 10.96% of its revenue [4] - Tongfei Co., a manufacturer of industrial temperature control equipment, noted significant market opportunities due to the trend towards intelligent manufacturing and national energy-saving strategies [4][5] - Tongfei Co. reported R&D expenses of 36.9851 million yuan, a year-on-year increase of 121.03%, with a total of 149 patents held [5]

Group 1 - The latest stock price of Tongfei Co., Ltd. is 62.29 yuan, an increase of 0.19 yuan from the previous trading day [1] - The stock opened at 61.40 yuan, reached a high of 67.60 yuan, and a low of 61.16 yuan, with an overall fluctuation of 10.37% throughout the day [1] - The market activity was robust, with a trading volume of 87,000 hands and a transaction amount of 552 million yuan [1] Group 2 - Tongfei Co., Ltd. is categorized under the general equipment manufacturing industry, registered in Hebei Province, and specializes in the research and manufacturing of industrial temperature control equipment [1] - The company is recognized as a specialized and innovative enterprise in the liquid cooling technology sector and has made strides in the battery swapping facility sector [1] - The total market capitalization of the company is 10.574 billion yuan, with a circulating market value of 4.842 billion yuan [1] Group 3 - In terms of capital flow, there was a net outflow of 18.9676 million yuan from the main funds on that day, accounting for 0.39% of the circulating market value [1] - However, over the past five trading days, there has been an overall net inflow of 21.7201 million yuan, representing 0.45% of the circulating market value [1] - During the early trading session, the stock experienced a rapid pullback, with a decline of over 2% within five minutes [1]

Core Viewpoint - The company is focused on providing system solutions in the industrial temperature control sector, aligning with national strategies for intelligent manufacturing and energy conservation, indicating a positive growth outlook for the industry [2][3]. Industry Overview - The company's products are utilized in various fields including CNC equipment, power electronics, energy storage, semiconductors, data centers, hydrogen energy, new energy vehicles, and medical devices, ensuring the safety and reliability of equipment operation [3][5]. - The industrial temperature control industry is experiencing a long-term prosperous development phase, driven by technological advancements and increasing demand for product upgrades and energy efficiency [3][5]. Financial Performance - In 2024, the company achieved a revenue of 2.16 billion yuan, representing a year-on-year growth of 17.07%. However, the net profit attributable to shareholders decreased by 15.87% to 153.43 million yuan, primarily due to intensified competition in the power electronics temperature control product market [7][9]. - The company's comprehensive gross margin declined by 4.27 percentage points compared to the previous year, reflecting the competitive pressures in the market [9]. Dividend Policy - For the fiscal year 2024, the total cash dividend amounted to 84.7 million yuan, accounting for 55.20% of the net profit attributable to shareholders. The company plans to maintain a strong cash dividend policy to enhance investor confidence [4]. Market Position and Strategy - The company is committed to technological research and innovation in industrial temperature control, with a strong technical team and sufficient reserves, which enhances its competitive advantage [5]. - The company is actively expanding its presence in the data center market, focusing on liquid cooling solutions that offer significant energy efficiency benefits [6]. Recent Developments - As of the first quarter of 2025, the company reported a revenue of 574 million yuan, a year-on-year increase of 109.02%, and a net profit of 61.91 million yuan, up 1104.89% [10].