格隆汇11月24日丨飞荣达(300602.SZ)在互动平台表示，公司基于自身在电磁屏蔽、导热散热、基站天 线等领域的技术和工艺储备，不断布局通信产业，公司一直持续积极配合客户需求开展新产品开发和新 技术储备。公司产品天线振子、基站天线、特种散热器、导热材料、电磁屏蔽类产品等可应用于 5G/6G。目前，6G通信技术尚处于前沿研究和探索阶段，公司也将积极关注相关领域的发展动态，紧跟 行业技术发展趋势，并为客户提供适配行业发展的产品及解决方案，不断提高综合竞争优势。 ...

Core Viewpoint - Feirongda (300602.SZ) has technological reserves in micro-channel liquid cooling plates and is actively developing various cooling products for servers and terminal devices [1] Group 1: Technology and Product Development - The company is engaged in the research and development of thermal management products, including thermal conductive materials, various cooling modules, fans, 3D VC coolers, special coolers, single-phase liquid cooling plate modules, and two-phase liquid cooling plate modules [1] - Some of the company's products have already been delivered in bulk, indicating a level of market readiness and operational capability [1] Group 2: Market Position and Future Outlook - The company will continue to monitor developments in related technology fields to enhance its comprehensive competitive advantage [1]

Core Viewpoint - The company has confirmed its qualification as a supplier for NVIDIA, although specific details cannot be disclosed due to a confidentiality agreement with clients [1] Group 1: Company Products and Services - The company develops a wide range of cooling products for servers and terminal devices, including thermal materials, various cooling modules, fans, 3D VC coolers, special coolers, single-phase liquid cooling plates, and two-phase liquid cooling plates [1] - The company serves a diverse clientele in the data center and server sectors, including notable clients such as H Company, ZTE, Cisco, Inspur, Datang Mobile, and Lenovo, among others [1] Group 2: Technological Advancements - The company has demonstrated significant technological advantages in the field of liquid cooling and has made notable progress in business development [1] - The company is committed to continuously monitoring developments in relevant technological fields to enhance its competitive advantages [1]

Core Insights - Shenzhen Feirongda Technology Co., Ltd. reported a revenue of 2.883 billion yuan for the first half of 2025, representing a year-on-year growth of 27.42% [1] - The net profit attributable to shareholders reached 166 million yuan, an increase of 118.54% compared to the same period last year [1] Group 1: Financial Performance - The significant growth in performance is attributed to the company's continuous improvement and diversification of its product structure, active exploration of emerging market sectors, and deepening of the industrial chain, which enhanced its market share in mobile phones, computers, communication devices, and new energy sectors [1] - The company implemented refined operational management and comprehensive cost reduction measures, leading to a steady improvement in profitability [1] Group 2: Market Dynamics - In the consumer electronics sector, Feirongda saw an increase in market share and profitability for terminal products such as mobile phones and laptops, driven by a recovery in demand from the consumer electronics market and the return of significant customer-related business [1] - The growth of AI terminals becoming mainstream, ongoing consumer stimulus from national subsidies, and rising demand in emerging markets are expected to contribute to the recovery of consumer electronics, providing a broad market space for electromagnetic shielding and thermal management products [1] Group 3: Technological Advancements - In the telecommunications sector, sales revenue and profitability also experienced strong growth, largely due to the company securing bulk orders and commencing mass production for AI server-related businesses [2] - Feirongda has made significant technological advancements in cooling technologies, including single-phase and two-phase liquid cooling modules, 3D-VC cooling modules, and axial fans, to meet the evolving market demands [2] - The company successfully entered the humanoid robotics field through its acquisition of Shenzhen Guoli Intelligent Technology Co., Ltd., which specializes in dexterous hands and embodied intelligent robots, leveraging its core technologies in cooling and electromagnetic shielding for robotics applications [2]