招股书显示，本次募集资金投资项目达产后，纳百川电池液冷板产能相应提升，适用于高端产品的产量增加，产品结构进一步优化。同时，公司通过本次募 集资金投资项目的实施将进一步扩展电池箱体业务，顺应新能源汽车行业零部件高度集成化的发展趋势，实现电池液冷板和箱体集成，从而进一步提升公司 产品的附加值，增强公司的核心竞争力。公司将通过本次募集资金投资项目的顺利实施，推动生产基地的地理空间布局、产能的扩张和产品结构的优化，有 利于缓解公司现有产能瓶颈，应对市场需求的快速增长，提高公司现有产品的品质和市场竞争力，从而实现公司业务的可持续发展，全面提升公司的综合竞 争实力，符合公司发展战略目标。 公司表示，公司的总体战略目标是发展成为行业领先的新能源热管理产品供应商。近年来，公司以"恒温电池、绿色续航"为发展理念，以响应及时、经验丰 富的配套开发能力为基础，以质量可靠、供应稳定的工业化制造能力为保障，为客户提供高品质的电池液冷板产品，在电池热管理领域占据了先发优势。未 来公司将依托已具备的核心优势，一方面积极拓展储能电池热管理业务，完善公司产品在移动式热管理、固定式热管理、特殊式热管理等不同应用场景下的 解决方案，另一方面继续开 ...

格隆汇11月27日丨威唐工业(300707.SZ)在互动平台表示，公司电池箱体现阶段主要应用于锂电池为 主，产品可根据客户定制化需求适配不同型号的电池系统，箱体设计兼容性强，但需结合具体电池形态 与热管理要求进行匹配，公司亦将根据电池新技术的应用变化研究开发适配的箱体结构。目前具体客户 及车型信息因商业保密协议不便披露，敬请理解。 ...

（文章来源：每日经济新闻） 每经AI快讯，11月27日，威唐工业在互动平台表示，公司电池箱体现阶段主要应用以锂电池为主，产 品可根据客户定制化需求适配不同型号的电池系统，箱体设计兼容性强，但需结合具体电池形态与热管 理要求进行匹配，公司亦将根据电池新技术的应用变化研究开发适配的箱体结构。 ...

【威唐工业：电池箱体现阶段主要应用于锂电池为主】智通财经11月27日电，威唐工业在互动平台表 示，公司电池箱体现阶段主要应用于锂电池为主，产品可根据客户定制化需求适配不同型号的电池系 统，箱体设计兼容性强，但需结合具体电池形态与热管理要求进行匹配，公司亦将根据电池新技术的应 用变化研究开发适配的箱体结构。 转自：智通财经 ...

证券日报网讯 祥鑫科技（002965）11月27日在互动平台回答投资者提问时表示，当前公司的电池箱体 产品工艺主要有冲压工艺和铝挤工艺。其中动力电池的结构主要为CTP结构，应用了FDS、FSW等连接 技术，属于行业内的主流技术。公司能够根据客户需求提供各种电池箱体解决方案，其产品能搭载包括 半固态电池、固态电池等各类电池。公司也积极布局压铸成型技术，已有压铸产品研发立项并接到相关 压铸产品项目。公司将密切关注行业内的先进成型技术，不断积累经验和技术储备，继续推进相关项目 的合作。在生产设备的选择上，公司会对国内外主流设备厂商各类压铸设备的技术匹配性、成本效益以 及供应商的服务响应能力进行综合评估。 ...

Core Viewpoint - The company, Hesheng Co., Ltd. (002824.SZ), has announced that its products, including battery boxes and cell shells, can be applied to blade batteries [1] Group 1 - The company produces battery boxes and cell shells [1] - These products are compatible with blade battery technology [1]

Core Viewpoint - The successful IPO approval of Nabichuan New Energy Co., Ltd. is not surprising given the current trend of IPO approvals in the market, but there are significant concerns regarding the company's financial health and reliance on major clients [1][2]. Financial Performance - Nabichuan's main business revenue grew from 1,008.13 million yuan in 2022 to 1,407.81 million yuan in 2024, with a compound annual growth rate of 18.17%. However, the net profit attributable to shareholders after deducting non-recurring gains and losses decreased from 111.12 million yuan in 2022 to 88.04 million yuan in 2024 [3]. - The company's predicted net profit growth of 14.05% for 2025 translates to an absolute amount of only 10.04 million yuan, which is still below the 2022 figure [3]. Client Dependency - Nabichuan has a significant reliance on its largest client, CATL, with nearly half of its sales coming from this client. The revenue from direct and indirect sales to CATL accounted for 53.73%, 48.94%, and 48.21% over the reporting period [4]. - The gross margin of Nabichuan's main product, battery liquid cooling plates, has declined from 19.69% in 2022 to 13.85% in early 2025, indicating reduced pricing power due to client dependency [5]. Accounts Receivable and Cash Flow - Accounts receivable increased significantly from 340.15 million yuan at the end of 2022 to 592.64 million yuan at the end of 2024, with accounts receivable accounting for 29.61% of total assets and 41.24% of operating revenue by the end of 2024 [6]. - The net cash flow from operating activities was only 38.77 million yuan in 2024, and the first quarter of 2025 showed a negative cash flow of -56.53 million yuan [6]. Financial Health - The company's asset-liability ratio reached 66.80% by the end of 2024, with short-term loans exceeding 200 million yuan and current liabilities over 300 million yuan, while cash and cash equivalents stood at only 35.9 million yuan [8]. - Nabichuan's fundraising plan includes 150 million yuan for working capital, indicating a pressing need for liquidity [9]. Production Capacity and Utilization - The production capacity utilization rate for battery liquid cooling plates has shown a declining trend, from 102.11% in 2022 to 82.86% in 2024, raising concerns about the absorption of new capacity from upcoming projects [12].

Core Insights - Rui Xin Technology (300828.SZ) reported a revenue of 622.02 million yuan and a net profit attributable to shareholders of 55.30 million yuan for the year 2024, demonstrating resilience in a complex economic environment [1][2] Financial Performance - The company achieved a revenue of 622.02 million yuan in 2024, with a net profit of 55.30 million yuan and a net profit excluding non-recurring gains and losses of 52.73 million yuan [1] - Revenue from electrical automation equipment components reached 313.37 million yuan, while revenue from automotive lightweight and thermal management sectors amounted to 167.48 million yuan [1] Product Development and Innovation - Rui Xin Technology launched new products in the electrical automation sector, including a half-insert heat sink and high-purity oxygen-free copper heat sinks, enhancing product value and production efficiency [1][2] - The company holds a total of 85 patents, including 17 invention patents, with most patents applied in actual production [2] Global Expansion - To support overseas business growth, Rui Xin Technology established a wholly-owned subsidiary in Hong Kong and invested in a production base in Thailand, aiming to expand its international market presence [2] - The favorable trade environment and tax policies in Thailand are expected to mitigate potential trade friction risks [2] Future Outlook - Rui Xin Technology aims to enhance its innovation capabilities and product structure while focusing on customer-centric principles, aspiring to become a globally recognized enterprise in thermal exchange systems and new material solutions [2]

Group 1: Business Strategy and Market Position - The new controlling shareholder sees high industrial synergy value with the company in the automotive parts sector, focusing on market resources and international development [2] - The company is actively expanding its business into automotive interior and exterior molds, inspection tools, and automation equipment, aiming to become a global R&D and manufacturing base [3] - The company has established wholly-owned subsidiaries in Germany and the USA to enhance international market development [3] Group 2: Financial Performance and Investment - In the first three quarters of 2024, the company's revenue grew by 11.57%, while net profit decreased by 4.79%, primarily due to rising raw material costs [3] - As of mid-2024, the company has invested 632 million RMB of idle raised funds in financial management, accounting for over 70% of the net raised funds [3] Group 3: Research and Development - The company holds 133 patents, including 61 invention patents, and emphasizes continuous innovation in technology and products [4] - R&D expenses for 2023 amounted to 39,365,075.53 RMB, representing 6.28% of revenue [4] Group 4: Environmental Responsibility - The company adheres to national environmental protection regulations and has implemented measures to mitigate negative environmental impacts [5] - The company has achieved certain results in energy conservation and pollutant discharge standards [5]