【DT新材料】 获 悉， 国家级专精特新 "小巨人" 企业 纳百川新能源股份有限公司（以下简称"纳百川"）的创业板IPO注册于近日成功生效 ，即将登陆深交 所创业板，开启资本市场新征程。这一里程碑事件，标志着这家深耕新能源热管理领域十余年的企业，正式从细分赛道走向公众视 野，有望借助资本力量进 一步扩大产能、提升技术实力，巩固其在热管理领域的领先地位。 作为 国内液冷板领域起家 的上市企业，纳百川凭借多年技术积累与市场深耕，成为温州市泰顺县首家成功过会的企业。此次 IPO 由浙商证券保荐， 计划募 资 7.29 亿元，其中 5.79 亿元将投入纳百川（滁州）新能源科技有限公司年产 360 万台套水冷板生产项目（一期） ，1.5 亿元用于补充流动资金。 从创业初 期专注液冷板研发制造，到如今主力产品电池液冷板广泛应用于新能源汽车及储能领域，2024 年在新能源汽车领域的市场份额约达 12.16%，稳居行业前 列。此次募资将进一步强化其产能优势，助力企业剑指全球动力电池热管理领先地位。 01 从温州起步的热管理解决方案专家 作为国内最早布局新能源汽车热管理领域的企业之一，纳百川自 2011 年启动动力电池热管理产 ...

Core Viewpoint - The company, Mingtai Aluminum (601677.SH), has established a development strategy driven by technological innovation for product upgrades, indicating a significant shift towards new energy materials and applications in the battery supply chain [1] Group 1: Technological Innovation and Product Upgrades - The company is focusing on technological innovation to drive product upgrades [1] - It has entered a harvest period for new energy materials, highlighting its strategic shift [1] Group 2: Supply Chain Developments - Mingtai Aluminum has supplied over 2,000 sets of battery liquid cooling plates to Penghui Energy [1] - The company has successfully entered the supply chain for soft-pack lithium battery materials with aluminum-plastic film aluminum foil [1] Group 3: Application Potential - The company has potential applications in solid-state battery packaging [1] - Aluminum alloy brazed composite materials have achieved full coverage for power battery water cooling plates and energy storage liquid cooling systems, expanding into the computer and data center sectors [1]

Core Insights - The company has established a strategy focused on technological innovation to drive product upgrades [1] - The layout of new energy materials is entering a harvest period, with significant collaborations and supply chain integrations [1] Group 1: Technological Innovations - The company is collaborating with Penghui Energy to supply over 2,000 battery liquid cooling plates [1] - Aluminum-plastic film aluminum foil has entered the supply chain for soft-pack lithium batteries [1] - The application scenarios for aluminum alloy brazing composite materials are being expanded [1] Group 2: Product Development and Upgrades - The promotion of all-aluminum column robots is showing initial results [1] - The first phase of Hongsheng New Material's high-end heat treatment equipment is entering debugging and trial production [1] - The recycled aluminum business plans to introduce laser-induced breakdown spectroscopy for industrial upgrades [1] Group 3: Future Policies - The conference also covered future dividend policy introductions [1]

Group 1 - The core point of the article is that Nabichuan New Energy Co., Ltd. has successfully registered its IPO on the ChiNext board, focusing on thermal management products for new energy vehicles and fuel vehicles [1] - Nabichuan specializes in the research, production, and sales of products such as battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heaters [1] - The company aims to raise approximately 729 million yuan through this IPO, which will be used for the production project of 3.6 million sets of water cooling plates and to supplement working capital [1] Group 2 - The IPO process for Nabichuan began with acceptance on September 27, 2023, followed by an inquiry phase on October 23, 2023, and was approved on August 28, 2025, with registration submitted on September 2, 2025 [1]

IPO Pipeline Overview - As of September 21, there are 279 companies in the IPO pipeline, with 21 on the Shanghai Main Board, 36 on the Sci-Tech Innovation Board, 25 on the Shenzhen Main Board, 27 on the Growth Enterprise Market, and 170 on the Beijing Stock Exchange [1][2]. Newly Listed Companies - Hebei Shichang Automotive Parts Co., Ltd. was listed between September 15 and September 21, closing at 40.50 yuan per share, representing a 271.56% increase, with a trading volume of 641 million yuan and a turnover rate of 87.48% [3]. New Counseling Records - Eight new companies were added to the counseling records from September 15 to September 21, including Beijing Weina Star Technology Co., Ltd. and others, focusing on various sectors such as satellite technology, quantum computing, and environmental equipment [4][5]. Companies Undergoing Review - Yuan Chuang Technology Co., Ltd. and Suzhou New Guangyi Electronics Co., Ltd. successfully passed the review process, while Xiamen Youxun Chip Co., Ltd. had its review results postponed [8][9]. Registration Approval - Three companies received registration approval from September 15 to September 21, including Zhongcheng Zhixin Engineering Consulting Group Co., Ltd., which provides comprehensive consulting services, and Nabaichuan New Energy Co., Ltd., focusing on thermal management for electric vehicle batteries [10]. Terminated Reviews - Four companies, including Hengyang Jinzelite Special Alloy Co., Ltd. and others, withdrew their IPO applications during the same period [11][12][13].

纳百川距离上市更近一步。 天眼查App信息显示，纳百川成立于2007年10月。目前，该公司的注册资本为人民币8375.22万元，法定代表人为陈荣贤，主要股东包括陈荣贤、张传建、温 州纳百川商业管理有限公司等。 | | | 查公司 查老板 都在用的商业查询工具 | 查关系 查风险 | | | --- | --- | --- | --- | --- | | | | 纳百川新能源股份有限公司 国家中小企业发展子基金旗下机构 | | × 天眼- | | 基本信息 107 | | IPO申报 58 法律诉讼 1 | 经营风险 | 经营信息 | | 股东信息 2 ▲ 品股权结构 | | | | | | 最新公示14 | 工商登记14 | MIP MIP 历史股东信息2 股权变更历程11 2 | | 更新日期 2: | | 序号 | | 股东名称 | 股份类型 | 持股 | | 1 | 陈 | 陈荣贤 捻 15 受益所有人 实际控制人 大股东 | 流通A股 | רח | | 2 | 张传建 怒8 引K 大股东 | | 流通A股 | 1 | | + 3 | 纳百 大股东 | 温州纳百川商业管理有限公司 器 | 流通A股 | ...

Group 1 - The company focuses on the research, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [2] - Main products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heating warm air systems [2] - Since 2012, the company has collaborated with CATL and is a strategic supplier, providing products for major automotive brands such as Tesla, NIO, Xpeng, Li Auto, Nezha, Leap Motor, Geely, Changan, GAC Group, Great Wall, SAIC Roewe, Dongfeng Nissan, Mercedes-Benz, and Volkswagen [2] Group 2 - In the field of thermal management products for fuel vehicles, the company's radiator products supply leading automotive thermal management component companies such as Valeo, Mahle, and NISSENS, as well as large aftermarket suppliers like NRF, AAP, and US Motor Works, establishing a stable sales system [2] - In the energy storage thermal management system sector, the company has become a supplier for top domestic new energy power equipment manufacturers such as CATL, Zhongchuang Innovation, and Sungrow [2]

Core Viewpoint - Nanbaichuan New Energy Co., Ltd. is set to become the first A-share listed company in Wenzhou Taishun, with an IPO fundraising target of 729 million yuan, primarily for a production project and working capital [1][2]. Company Overview - Nanbaichuan is a leading player in the battery thermal management sector, with major clients including CATL, NIO, and XPeng Motors, and is projected to achieve over 1.4 billion yuan in revenue in 2024, with CATL contributing nearly 50% of its income [1][2]. - The company has been involved in the research and development of battery thermal management systems since 2011 and has established strategic partnerships with major automotive manufacturers [2][3]. Financial Performance - The company's revenue for the years 2022 to 2025 is reported as approximately 1.031 billion yuan, 1.136 billion yuan, 1.437 billion yuan, and 337 million yuan, respectively, with net profits showing a declining trend [4]. - Revenue from battery liquid cooling plates has consistently increased, with a compound annual growth rate of 21.09% from 2022 to 2024 [4]. - For the first half of 2025, revenue is expected to reach approximately 743 million yuan, reflecting a year-on-year growth of 45.88% [4]. Future Projections - The company forecasts a revenue of about 1.737 billion yuan for 2025, representing a growth of 20.86%, and a net profit of approximately 105 million yuan, indicating a growth of 9.72% [5]. - The global market for battery liquid cooling plates is anticipated to reach 14.5 billion yuan by 2025, suggesting a growing demand for thermal management systems in the electric vehicle sector [6].

Core Viewpoint - The company Nabaichuan New Energy Co., Ltd. is set to become the first A-share listed company in Taishun County, Wenzhou, with its IPO on the Shenzhen Stock Exchange's Growth Enterprise Market, aiming to raise 729 million yuan for production projects [1][4]. Company Overview - Nabaichuan was founded in October 2007 by Chen Rongxian and has evolved from a traditional auto parts manufacturer to a key player in the new energy vehicle sector, focusing on thermal management systems for power batteries [1][4]. - The company is controlled by the Chen family, with Chen Rongxian holding 24.96% of shares, and family members collectively controlling over 75% of the company [2][3]. Financial Performance - Nabaichuan's revenue for the reporting period was approximately 1.031 billion yuan, 1.136 billion yuan, 1.437 billion yuan, and 337 million yuan, with net profits showing a downward trend [7][9]. - The company reported a compound annual growth rate of 21.09% in revenue from battery liquid cooling plates from 2022 to 2024, while revenue from fuel vehicle thermal management components has been declining [5][6]. Client Relationships - Nabaichuan has established strong partnerships with leading battery manufacturers and automotive companies, with CATL being its largest customer, contributing over 44% of its revenue in recent years [4][9]. Future Projections - For the first quarter of 2025, Nabaichuan expects to achieve a revenue of approximately 1.743 billion yuan, a year-on-year increase of 20.86%, and a net profit of about 105 million yuan, reflecting a growth of 9.72% [10].

Core Viewpoint - Nabaichuan New Energy Co., Ltd. has submitted its IPO registration for the ChiNext board, focusing on thermal management products for electric vehicle batteries and fuel vehicles [1] Company Overview - Nabaichuan specializes in the research, production, and sales of thermal management products related to new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1] - Key products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heaters [1] IPO Details - The IPO was accepted in September 2023 and entered the inquiry phase in October 2023, with the approval meeting scheduled for August 28, 2025 [1] - The company aims to raise approximately 729 million yuan, which will be used for the production project of 3.6 million sets of water cooling plates and to supplement working capital [1]