Core Points - The chairman and actual controller of Denair, Yu Langbo, passed away on October 27 [1][3] - Denair is a global industrial group established in March 2012, specializing in the research, manufacturing, direct sales, and service of various industrial gas applications [3] - The company has a diverse product range including oil-injected screw compressors, oil-free compressors, centrifugal compressors, industrial vacuum pumps, process compressors, mobile compressors, nitrogen generators, and process screw machines [3] - Denair was listed on the New Third Board in November 2024 and submitted an IPO application to the Beijing Stock Exchange at the end of 2024, which is currently under review suspension [3] Company Overview - Denair was founded in March 2012 and is headquartered in Shanghai [3] - The company's website has been changed to black and white following the chairman's death [3] - Denair's product offerings cover a wide range of industrial gas applications, indicating a strong position in the market [3]

（原标题：46岁董事长，突发疾病离世！官网已变黑白） 德耐尔称，作为公司的控股股东、实际控制人、董事长，余浪波几十年如一日，鞠躬尽瘁、昼夜辛苦， 为公司的创立和成长奠定了坚实的基础；余浪波倾注毕生精力，呕心沥血，不遗余力，为公司的发展和 壮大做出了不可磨灭的卓越贡献。 【导读】德耐尔董事长余浪波逝世 中国基金报记者 晨曦 又有准上市公司董事长逝世！ 10月28日下午，新三板挂牌企业德耐尔发布公告称，公司控股股东、实际控制人、董事长余浪波于10月 27日上午逝世。 余浪波出生于1979年3月，男，中国国籍，博士研究生学历，第六届上海市优秀中国特色社会主义事业 建设者、金山区第七届政协委员、上海市益阳商会执行会长。 另外，余浪波还在母校益阳市第十五中学设立了"德耐尔奖助学金"，每年资助30名家庭困难、品学兼优 的学生，同时设立优秀教师奖。10月18日，余浪波亲自前往该中学，为学子颁发奖助学金。 据极目新闻报道，余浪波母校一名老师从余浪波的家属处了解到，余浪波因突发疾病离世。 对于余浪波的逝世，德耐尔表示，公司经营管理团队正常履职，各项经营业务活动不会受到影响。公司 将根据有关法律法规和《公司章程》的规定，尽快完成 ...

Core Viewpoint - The chairman of Denair, Yu Langbo, passed away on October 27, 2023, which may impact the company's future operations and governance [1][9]. Company Overview - Denair was established in March 2012 and is a global industrial group engaged in R&D, manufacturing, direct sales, and services, with products including oil-injected screw air compressors, oil-free air compressors, centrifugal compressors, industrial vacuum pumps, and nitrogen generators [5][7]. - The company is currently listed on the New Third Board and had submitted an IPO application to the Beijing Stock Exchange, which is currently under review [7]. Contributions and Legacy - Yu Langbo dedicated his life to the establishment and growth of Denair, making significant contributions to the company's development [5]. - He was involved in various community initiatives, including establishing a scholarship fund for underprivileged students at his alma mater [8]. Management and Governance - Following Yu Langbo's passing, Denair's management team will continue to operate normally, and the company plans to complete the election of a new chairman and board members in accordance with legal regulations [9]. - Yu Langbo controlled 69.33% of Denair's voting rights, and the company will handle the necessary legal procedures regarding his shares [9].

Core Insights - The company's main revenue source is compressor products, while vacuum products are experiencing short-term revenue decline due to the photovoltaic industry's oversupply [1] - The company focuses on two core segments: compressors and vacuum pumps, with compressors further divided into refrigeration and air compression series [1] - The refrigeration product matrix is extensive, and data center construction is expected to drive refrigeration demand [1] - The company has established a partnership with important clients like Dongyuan Electric, which is expanding into the AI business, potentially benefiting the company as a major supplier of compressors [2] - The air compression products are essential for various industries, with a strategic focus on oil-free compressors for high-purity applications [2] - The vacuum products are primarily used in the photovoltaic and semiconductor industries, with potential growth in other sectors like lithium batteries and pharmaceuticals [3] - The company anticipates a significant increase in net profit from 7.14 billion to 9.34 billion from 2025 to 2027, with a "recommended" rating [4] Segment Summaries Compressor Products - Compressor products generated revenue of 1.077 billion with a growth of 12.21% in the first half of 2025 [1] - The refrigeration segment includes commercial central air conditioning compressors, frozen and refrigerated compressors, and heat pump compressors [1] - The company’s compressors are increasingly used in data centers, with growth in screw and magnetic levitation centrifugal compressors expected in 2025 [1] Vacuum Products - Vacuum product revenue was 276 million, showing a decline of 60.12% due to the oversupply in the photovoltaic sector [1] - The company is expanding its vacuum product applications into semiconductors and other industries, with initial supply agreements with domestic chip manufacturers [3] - The semiconductor industry’s growth is expected to drive future demand for vacuum products [3] Air Compression Products - Air compression products are critical for various sectors, including pharmaceuticals and electronics, with a focus on expanding oil-free compressor applications [2] - The company is actively developing oil-free compressors, which are essential for industries requiring high air quality [2]

Core Insights - The 25th China International Investment and Trade Fair (CITIF) held in Xiamen, Fujian, established a "Cross-Strait Integration Development Zone" to facilitate business opportunities for Taiwanese enterprises [1][2] - The fair featured over 120 delegations from various countries and regions, with a total exhibition area of 120,000 square meters and more than 100 investment promotion activities [1][3] - Taiwanese businesses expressed the importance of the fair as a platform for cross-strait economic exchanges and collaboration to explore overseas markets [1][3] Group 1: Event Highlights - The "Cross-Strait Integration Development Zone" showcased a variety of Taiwanese products, emphasizing the theme "New Integration, Connecting Two Sides, Creating the Future" with an area of 500 square meters [2] - Notable Taiwanese companies, such as Senita Cosmetics and Xiamen Dongya Machinery, presented innovative products and technologies, highlighting their commitment to collaboration and market expansion [2][3] - The fair serves as a critical bridge for Taiwanese businesses to integrate into the mainland market and modernize supply chains [5][6] Group 2: Economic Cooperation - Fujian has actively built a "Cross-Strait Integration Development Demonstration Zone," becoming a hub for cross-strait exchanges and economic cooperation, with the highest number of newly established Taiwanese enterprises in mainland China for three consecutive years [3][4] - The "Five Provinces and Cities Promotion Activity" aimed to enhance cooperation between Taiwanese businesses and mainland provinces, focusing on industry integration and leveraging regional advantages [4] - Taiwanese entrepreneurs expressed interest in collaborating with mainland industries, particularly in health and wellness sectors, to capitalize on the vast market opportunities [4][6] Group 3: Future Opportunities - The fair has become a significant platform for Taiwanese enterprises to seize new development opportunities and integrate into the mainland's industrial landscape [5][6] - Industry leaders emphasized the potential for collaboration in sectors such as artificial intelligence, biotechnology, and low-carbon industries, aiming to explore global market opportunities [6] - The event is viewed as a vital opportunity for Taiwanese businesses to connect with international resources and contribute to the modernization of the Chinese economy [6]

Core Insights - The 25th China International Investment and Trade Fair (CITIF) held in Xiamen, Fujian, established a "Cross-Strait Integration Development Zone" to facilitate business opportunities for Taiwanese enterprises [1][2] - The event featured over 120 delegations from various countries and regions, showcasing the importance of cross-strait economic and trade exchanges [1][3] Group 1: Event Highlights - The exhibition area covered 120,000 square meters, with more than 100 investment promotion activities conducted [1] - The "Cross-Strait Integration Development Zone" was themed "New Integration, Connecting Two Sides, Creating the Future," covering 500 square meters to display the achievements of cross-strait economic cooperation [2] - Taiwanese companies showcased innovative products, such as Morita's medical beauty products and Dongya Machinery's oil-free air compressors, emphasizing their technological advancements [2] Group 2: Economic Cooperation - Fujian has actively built a "Cross-Strait Integration Development Demonstration Zone," becoming a hub for cross-strait exchanges and economic cooperation [3] - The province has ranked first in the number of newly established Taiwanese enterprises and actual use of Taiwanese capital for three consecutive years [3] - The trade volume between Fujian and Taiwan is projected to grow by 4.2% in 2024, indicating a positive trend in cross-strait economic relations [3] Group 3: Business Opportunities - The "Five Provinces' Promotion of Business Environment to Taiwan" event facilitated project exchanges between Taiwanese businesses and five provinces, highlighting the potential for collaboration [4] - Taiwanese entrepreneurs expressed interest in leveraging the vast mainland market and unique regional resources for business growth [4] - The CITIF serves as a critical platform for Taiwanese enterprises to integrate into the mainland's industrial and supply chains, enhancing cross-strait economic exchanges [5][6]