资料显示，苏州天脉导热科技股份有限公司位于苏州市吴中区甪直镇汇凯路68号，成立日期2007年7月 25日，上市日期2024年10月24日，公司主营业务涉及导热散热材料及元器件的研发、生产及销售。主营 业务收入构成为：热管理材料及器件98.37%，其他1.63%。 苏州天脉所属申万行业为：电子-消费电子-消费电子零部件及组装。所属概念板块包括：宁德时代概 念、高派息、融资融券、中盘、次新股等。 截至9月30日，苏州天脉股东户数1.08万，较上期增加6.39%；人均流通股2407股，较上期减少6.00%。 2025年1月-9月，苏州天脉实现营业收入8.18亿元，同比增长18.42%；归母净利润1.43亿元，同比增长 1.54%。 11月20日，苏州天脉盘中下跌2.07%，截至13:16，报165.99元/股，成交1.41亿元，换手率1.59%，总市 值192.02亿元。 资金流向方面，主力资金净流出166.27万元，特大单买入1596.87万元，占比11.31%，卖出1637.93万 元，占比11.60%；大单买入2709.65万元，占比19.19%，卖出2834.85万元，占比20.08%。 苏州天脉今年以来股 ...

Core Insights - Suzhou Tianmai's stock increased by 1.42% on November 17, with a trading volume of 443 million yuan, indicating positive market sentiment [1] - The company reported a financing net purchase of 27.68 million yuan on the same day, reflecting strong investor interest [1] - As of November 17, the total financing and securities lending balance for Suzhou Tianmai reached 1.038 billion yuan, which is at a high level compared to the past year [1] Financing Summary - On November 17, Suzhou Tianmai had a financing purchase amount of 88.69 million yuan, with a current financing balance of 1.037 billion yuan, accounting for 10.93% of its market capitalization [1] - The financing balance is above the 90th percentile level for the past year, indicating a high level of leverage [1] - In terms of securities lending, the company had a securities lending balance of 558,900 yuan, with a remaining quantity of 3,100 shares, also at a high level compared to the past year [1] Financial Performance - For the period from January to September 2025, Suzhou Tianmai achieved an operating income of 818 million yuan, representing a year-on-year growth of 18.42% [2] - The net profit attributable to the parent company was 143 million yuan, with a year-on-year increase of 1.54% [2] - As of September 30, 2025, the number of shareholders increased by 6.39% to 10,800, while the average circulating shares per person decreased by 6.00% to 2,407 shares [2] Dividend and Shareholding - Since its A-share listing, Suzhou Tianmai has distributed a total of 64.78 million yuan in dividends [3] - As of September 30, 2025, the largest circulating shareholder was Hong Kong Central Clearing Limited, holding 312,600 shares, a decrease of 260,400 shares from the previous period [3] - The Southern CSI 1000 ETF has exited the list of the top ten circulating shareholders [3]

Core Viewpoint - Suzhou Tianmai has shown significant trading activity with a notable increase in financing and stockholder engagement, indicating potential growth and investor interest in the company. Group 1: Financial Performance - As of September 30, 2025, Suzhou Tianmai achieved operating revenue of 818 million yuan, representing a year-on-year growth of 18.42% [2] - The net profit attributable to the parent company for the same period was 143 million yuan, reflecting a year-on-year increase of 1.54% [2] Group 2: Stock and Financing Activity - On November 3, Suzhou Tianmai's stock price increased by 2.97%, with a trading volume of 406 million yuan [1] - The financing buy-in amount on the same day was 50.25 million yuan, while the financing repayment was 25.33 million yuan, resulting in a net financing buy of 24.92 million yuan [1] - The total financing and securities balance reached 642 million yuan, accounting for 8.80% of the circulating market value, which is above the 90th percentile of the past year [1] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Suzhou Tianmai was 10,800, an increase of 6.39% from the previous period [2] - The average circulating shares per person decreased by 6.00% to 2,407 shares [2] - The company has distributed a total of 64.78 million yuan in dividends since its A-share listing [3]

Core Viewpoint - Suzhou Tianmai, a leading company in the thermal management materials sector, is set to be listed on the Shenzhen Stock Exchange on October 24, 2024, showcasing its significant technological advantages in the industry [1] Group 1: Business Performance - In Q3 2025, Suzhou Tianmai reported revenue of 818 million yuan, ranking 63rd among 88 companies in the industry, with the top company, Industrial Fulian, generating 603.93 billion yuan [2] - The main business revenue from thermal management materials and devices was 928 million yuan, accounting for 98.37% of total revenue, while other business revenue was 15.36 million yuan, making up 1.63% [2] - The net profit for the same period was 143 million yuan, placing the company 31st in the industry, with the leading company achieving a net profit of 22.52 billion yuan [2] Group 2: Financial Health - As of Q3 2025, Suzhou Tianmai's debt-to-asset ratio was 12.37%, down from 17.49% year-on-year, significantly lower than the industry average of 44.84%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 39.55%, slightly down from 40.53% year-on-year, but still well above the industry average of 19.47%, reflecting robust profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 6.39% to 10,800, with an average holding of 2,407.55 shares, a decrease of 6.00% [5] - The largest circulating shareholder, Hong Kong Central Clearing Limited, held 312,600 shares, a reduction of 260,400 shares from the previous period [5] Group 4: Management and Compensation - Chairman Xie Yi's compensation increased from 1.1424 million yuan in 2023 to 1.6864 million yuan in 2024, an increase of 544,000 yuan [4] - Xie Yi, born in August 1984, has been the chairman and general manager since January 2018 and was previously awarded the title of Young Technology Entrepreneur by Dongwu [4] Group 5: Future Outlook - The company maintains a "buy" rating with a target price of 185.7 yuan, expecting EPS growth of 62.0%, 138.4%, and 59.1% for 2025-2027 [5] - Key growth drivers include performance targets for stock incentives, advancements in steel-copper composite VC technology, and increasing market penetration in both high-end and mid-range Android devices [5]

Core Points - Suzhou Tianmai's stock price decreased by 0.95% on October 28, with a trading volume of 506 million yuan [1] - The company recorded a net financing purchase of 17.16 million yuan on the same day, with a total financing balance of 629 million yuan, accounting for 8.50% of its market capitalization [1] - For the period from January to September 2025, Suzhou Tianmai achieved a revenue of 818 million yuan, representing a year-on-year growth of 18.42%, and a net profit attributable to shareholders of 143 million yuan, with a growth of 1.54% [1] Financing and Margin Trading - On October 28, Suzhou Tianmai had a financing purchase of 92.60 million yuan and a repayment of 75.44 million yuan [1] - The company had a margin trading balance of 30.93 thousand yuan with a remaining short selling volume of 2,200 shares [1] Shareholder Information - As of September 30, 2025, the number of shareholders for Suzhou Tianmai increased by 6.39% to 10,800, while the average circulating shares per person decreased by 6.00% to 2,407 shares [1] - The company has distributed a total of 64.78 million yuan in dividends since its A-share listing [2] - Hong Kong Central Clearing Limited is the seventh largest circulating shareholder, holding 312,600 shares, a decrease of 260,400 shares from the previous period [2]

Group 1 - The core point of the news is that Feirongda's stock price dropped by 5.14% to 31.20 CNY per share, with a trading volume of 888 million CNY and a turnover rate of 7.02%, resulting in a total market capitalization of 18.154 billion CNY [1] - Feirongda Technology Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on November 10, 1993, with its listing date on January 26, 2017. The company's main business involves the research, design, production, and sales of electromagnetic shielding materials and devices, as well as thermal management materials and devices [1] - The revenue composition of Feirongda includes thermal management materials and devices at 39.94%, electromagnetic shielding materials and devices at 28.83%, lightweight functional devices at 27.97%, and other supplementary products at 3.26% [1] Group 2 - From the perspective of fund holdings, one fund under Caitong Securities Asset Management has a significant position in Feirongda, with the Caitong Asset Management CSI 1000 Index Enhanced A Fund (019402) holding 17,300 shares, accounting for 3.3% of the fund's net value, making it the largest holding [2] - The Caitong Asset Management CSI 1000 Index Enhanced A Fund was established on April 29, 2024, with a latest scale of 10.2815 million CNY. Year-to-date, it has achieved a return of 20.77%, ranking 2608 out of 4218 in its category, and a one-year return of 34.39%, ranking 1602 out of 3865 [2]

Core Insights - Suzhou Tianmai's stock price increased by 2.07% on October 16, reaching 123.98 CNY per share, with a market capitalization of 14.342 billion CNY [1] - The company has seen a year-to-date stock price increase of 33.34%, but has experienced a decline of 7.79% over the last five trading days [2] Company Overview - Suzhou Tianmai, established on July 25, 2007, specializes in the research, production, and sales of thermal management materials and components, with 98.37% of its revenue coming from this segment [2] - The company is categorized under the electronic industry, specifically in consumer electronics and components [2] Financial Performance - For the first half of 2025, Suzhou Tianmai reported a revenue of 508 million CNY, reflecting a year-on-year growth of 11.20%, while the net profit attributable to shareholders was 94.454 million CNY, a decrease of 2.14% [2] - The company has distributed a total of 64.7808 million CNY in dividends since its A-share listing [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 28.70% to 10,200, with an average of 2,561 circulating shares per person, an increase of 66.00% [2] - Hong Kong Central Clearing Limited is the third-largest circulating shareholder, increasing its holdings by 27.06% to 573,000 shares [3]

Core Viewpoint - Suzhou Tianmai's stock experienced a slight decline of 0.33% on October 14, with a trading volume of 241 million yuan, indicating a stable market presence despite minor fluctuations [1] Financing Summary - On October 14, Suzhou Tianmai had a financing buy-in amount of 36.28 million yuan and a financing repayment of 32.67 million yuan, resulting in a net financing buy of 3.61 million yuan [1] - As of October 14, the total financing and securities lending balance for Suzhou Tianmai was 525 million yuan, which accounts for 16.81% of its market capitalization [1] Securities Lending Summary - On October 14, Suzhou Tianmai had no shares repaid in securities lending, with 100 shares sold, amounting to 12,000 yuan based on the closing price [1] - The remaining securities lending volume was 2,700 shares, with a total balance of 324,000 yuan [1] Company Overview - Suzhou Tianmai Thermal Technology Co., Ltd. was established on July 25, 2007, and is located in Wuzhong District, Suzhou [1] - The company specializes in the research, production, and sales of thermal management materials and components, with 98.37% of its revenue derived from this core business [1] Financial Performance - For the period from January to June 2025, Suzhou Tianmai reported a revenue of 508 million yuan, reflecting a year-on-year growth of 11.20% [1] - The net profit attributable to the parent company was 94.45 million yuan, showing a slight decrease of 2.14% compared to the previous period [1] Shareholder Information - As of June 30, 2025, Suzhou Tianmai had 10,200 shareholders, a decrease of 28.70% from the previous period, with an average of 2,561 circulating shares per shareholder, an increase of 66.00% [1] - The company has distributed a total of 64.78 million yuan in dividends since its A-share listing [2] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 573,000 shares, an increase of 270,600 shares from the previous period [2] - The Southern CSI 1000 ETF was a new entrant among the top ten circulating shareholders, holding 216,500 shares [2]

Core Insights - Suzhou Tianmai experienced a decline of 5.94% in stock price on October 13, with a trading volume of 284 million yuan [1] - The company reported a financing buy-in of 41.39 million yuan and a net financing outflow of 0.28 million yuan on the same day [1] Financing Overview - As of October 13, the total financing and securities balance for Suzhou Tianmai was 522 million yuan, with a financing balance of 521 million yuan, accounting for 16.64% of the circulating market value [1] - The company had a securities lending balance of 31.30 thousand yuan, with 2,600 shares available for lending [1] Company Profile - Suzhou Tianmai Thermal Technology Co., Ltd. was established on July 25, 2007, and is set to be listed on October 24, 2024 [1] - The company's main business involves the research, production, and sales of thermal management materials and components, with 98.37% of revenue coming from this segment [1] Financial Performance - For the first half of 2025, Suzhou Tianmai reported a revenue of 508 million yuan, reflecting a year-on-year growth of 11.20% [1] - The net profit attributable to shareholders was 94.45 million yuan, showing a slight decrease of 2.14% compared to the previous period [1] Shareholder Information - As of June 30, 2025, the number of shareholders for Suzhou Tianmai was 10,200, a decrease of 28.70% from the previous period [2] - The average circulating shares per person increased by 66.00% to 2,561 shares [2] Dividend Distribution - Suzhou Tianmai has distributed a total of 64.78 million yuan in dividends since its A-share listing [2] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, increasing its holdings by 27.06 million shares [2] - The Southern CSI 1000 ETF entered the top ten circulating shareholders with a holding of 216,500 shares [2]

Core Viewpoint - The stock of Feirongda has experienced a decline of 2.02% on September 26, with a current price of 33.50 CNY per share, while the company has shown significant growth in revenue and net profit year-on-year [1][2]. Financial Performance - For the first half of 2025, Feirongda achieved a revenue of 2.883 billion CNY, representing a year-on-year increase of 32.92% [2]. - The net profit attributable to the parent company for the same period was 166 million CNY, marking a substantial year-on-year growth of 193.70% [2]. Stock Market Activity - As of September 26, the stock has seen a year-to-date increase of 74.64%, with a slight decline of 1.33% over the last five trading days [1]. - The trading volume on September 26 was 285 million CNY, with a turnover rate of 2.11% and a total market capitalization of 19.492 billion CNY [1]. Shareholder Information - As of September 10, the number of shareholders for Feirongda was 44,400, which is a decrease of 8.43% from the previous period [2]. - The average number of circulating shares per shareholder increased by 9.21% to 8,896 shares [2]. Dividend Distribution - Since its A-share listing, Feirongda has distributed a total of 143 million CNY in dividends, with 41.116 million CNY distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the fourth largest circulating shareholder, holding 11.7208 million shares, an increase of 8.8499 million shares from the previous period [3]. - The Southern CSI 1000 ETF is the seventh largest circulating shareholder, holding 2.6802 million shares, which is an increase of 50,350 shares from the previous period [3].