Core Viewpoint - The company "Nabachuan" is set to conduct an inquiry for its IPO on December 2, focusing on thermal management solutions for electric vehicles and energy storage systems, with significant revenue growth projected for the coming years [1] Group 1: Company Overview - Nabachuan specializes in the research, production, and sales of thermal management systems for electric vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1] - The company achieved revenues of 1.031 billion yuan in 2022, with a year-on-year growth of 98.37%, and is projected to reach 1.437 billion yuan by 2024, reflecting a growth rate of 26.48% [1] - The net profit attributable to the parent company was 113 million yuan in 2022, with a significant increase of 134.65%, but is expected to decline slightly in the following years [1] Group 2: Market Position and Competitive Advantage - Nabachuan is one of the earliest companies to enter the thermal management sector for electric vehicles, holding a strong position in the liquid cooling plate market for power batteries [2] - The company has established strategic partnerships with major players like CATL, becoming a key supplier for several leading domestic new energy vehicle manufacturers [2] - The market for thermal management systems is expected to expand significantly as the electric vehicle sector grows, with the per-unit value of core components being 2-3 times higher than traditional fuel vehicles [2] Group 3: Business Expansion and Innovation - The company is actively diversifying its product offerings, expanding from power battery liquid cooling plates to energy storage battery solutions, with revenues from energy storage thermal management products projected to grow from 36 million yuan in 2022 to 337 million yuan by 2024 [2] - Innovations in product integration, such as the development of integrated battery boxes, are underway, with the market for battery boxes expected to exceed 119.5 billion yuan by 2030 [2] - Nabachuan has successfully completed product validation for its integrated battery box products and is currently in the market promotion phase [2] Group 4: Industry Comparison - Compared to similar companies in the industry, Nabachuan's revenue and gross margin are currently below the average, with comparable companies showing an average revenue of 10.594 billion yuan and an average PE-TTM of 39.04X [3]

追涨杀跌是所有散户的一个通病，看看今天上市的新股，发行价刚出来那会儿没人搭理，一拉升全冲进去了，结果收盘一看，心直接凉了半截。更别提明 天了，照这个架势，低开几个点都算客气的，要知道新股上市前五天是没有涨跌幅限制的！ 看看纳百川这只股票，发行价22.63元，开盘的时候涨165%，股价在60多块，对于一只新股来说，这都还算正常，毕竟大部分新股上市第一天都会大涨， 对于中签的散户来说，看到涨这么多，有的早盘直接就卖了，先落袋为安，就不管那么多了！ 下午开盘，还算正常，可到了下午两点，画风突变，直线拉到第一次临停，十分钟后复牌，继续猛冲，直接飙到324%。你以为这就完了？没门。二次临 停结束，股价像是打了鸡血，一口气蹿到642%！这个时候冲进去的，收盘直接倒亏36.5%。算笔账你就明白了——10万块冲进去，收盘只剩6万出头，一 天蒸发快四万，短短几分钟时间，就亏4万，这谁能受得了！ 纳百川主要专注于动力电池热管理相关产品的研发、生产和销售，产品包括电池液冷板、电池集成箱体等。锡华科技则专注于大型高端装备专用部件的研 发、制造与销售，其产品结构以风电齿轮箱专用部件为主，占比较高！ 通过纳百川的财务数据可以看到，公司2 ...

纳百川成功登陆深交所 12月23日，伴随着一声清脆悠长的钟鸣，纳百川正式登陆深交所，开启了资本市场的崭新篇章。 纳百川发行价22.63元/股，开盘价60元/股，开盘上涨165.13%，收盘涨幅扩大至408.17%。纳百川的成功 上市，不仅是这个国家级专精特新"小巨人"的成长里程碑，更折射出国内热管理细分领域在"双碳"战略 下的广阔前景。 纳百川新能源股份有限公司成立于2007年10月，公司专注从事新能源汽车动力电池热管理、燃油汽车动 力系统热管理及储能电池热管理相关产品的研发、生产和销售，主要产品包括电池液冷板、电池集成箱 体、燃油汽车发动机散热器、加热器暖风等。经过多年的潜心研究和踏实探索，公司逐渐成长为具备提 供移动式热管理（乘用车、运营车、工程机械）、固定式热管理（储能、移动电源、数据中心）、特殊 式热管理（空中交通、船舶）等不同应用场景下的解决方案提供商。 为解决终端用户对充电时长的焦虑与大功率充电对电池包热管理安全性的矛盾，公司从液冷板的散热效 率切入，通过大量设计优化和仿真测试，实现了散热性能满足从2C快充到4C、6C快充的产品迭代，并 着手研发10C快充电池的解决方案。在动力电池轻量化的发展方向 ...

Core Viewpoint - Nabichuan New Energy Co., Ltd. has officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market, marking a new chapter for the company focused on thermal management in the new energy sector [1] Group 1: IPO and Market Performance - The company issued 27.9174 million shares at an offering price of 22.63 yuan per share, successfully raising 632 million yuan [1] - On its first trading day, the opening price surged by 165% to 60 yuan, with a closing price reaching 115 yuan, resulting in a total increase of 408% and a market capitalization exceeding 12.8 billion yuan [1] Group 2: Business Overview - Nabichuan operates in three main areas: thermal management for power batteries, thermal management for fuel vehicle power systems, and thermal management for energy storage batteries [3] - Key products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heating systems, establishing a complete industrial chain from R&D to production and sales [3] - The company has built two major production bases in Wenzhou, Zhejiang, and Ma'anshan, Anhui, covering nearly 80,000 square meters, and is expanding its operations in Chuzhou, Anhui, and planning new capacity in Sichuan [3] Group 3: Financial Performance - The company has maintained steady growth over the past three years, with revenues of 1.03 billion yuan, 1.136 billion yuan, and 1.437 billion yuan from 2022 to 2024, and net profits of 113 million yuan, 98.25 million yuan, and 95.43 million yuan during the same period [3] - Despite slight fluctuations in net profit, the company has maintained a high level of non-recurring net profit, with figures of 111 million yuan, 89.26 million yuan, and 88.04 million yuan from 2022 to 2024 [3] - In the first half of 2025, the company achieved revenue of 743 million yuan, a year-on-year increase of 45.88%, and a non-recurring net profit of 31.28 million yuan, up 39.14%, driven by growing demand in the new energy vehicle market and capacity release [3] Group 4: Customer Structure and Future Outlook - CATL has been the largest customer for Nabichuan for several years, ensuring stable orders and helping the company secure a significant market share in the power battery thermal management sector [4] - The latest performance forecast indicates that the company's total revenue for 2025 is expected to reach 1.74 billion yuan, a year-on-year increase of 20.86%, with net profit projected at 105 million yuan, up 9.72%, and non-recurring net profit at 100 million yuan, an increase of 14.05% [4]

Core Viewpoint - C Nanbaichuan (301667) experienced a significant increase of 408.17% on its first trading day, with a turnover rate of 86.16% and a transaction volume of 1.454 billion yuan [1]. Group 1: Stock Performance - On its debut, C Nanbaichuan's financing buy-in amounted to 51.072 million yuan, representing 3.51% of the total trading volume for the day [1]. - The latest financing balance for the stock is 46.2054 million yuan, which accounts for 1.79% of its circulating market value [1]. - The stock attracted a net inflow of 483 million yuan from major funds on its first day, with large orders contributing 246 million yuan and 237 million yuan respectively [1]. Group 2: Company Overview - C Nanbaichuan specializes in the research, development, production, and sales of thermal management products for 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 heating warm air devices [1]. Group 3: Market Activity - The top five trading departments on the stock's first day had a total transaction volume of 166 million yuan, with a net purchase of 92.386 million yuan [1]. - Among these, one institutional special seat was recorded with a net sell of 499.85 thousand yuan [1].

| 中国未来产业崛起引领全球新材料创新发展 | 800+ 200+ 30+ 50,000m' | | --- | --- | | 2026.06.10 → 06.12 > 上海新国际博览中心 ( N1-N5 ) 馆 | 企业参展 科研院所 主题论坛 展览面积 | 【DT新材料】 获悉， 12月23日， 纳百川 正式登陆深圳证券交易所创业板。本次公开发行股票2791.74万股，发行价格为每股22.63元。 上市首日开盘价60.00元/股，盘中一度涨近700%，股价最高达180元。截至收盘，涨幅回落至408%，报115元/股。此前，该股盘中触发二次临停。 纳百川 成立于2007年，专注从事 新能源汽车动力电池热管理、燃油汽车动力系统热管理及储能电池热管理相关产品的研发 、生产和销售，主要产品包括电池液 冷板、电池集成箱体、燃油汽车发动机散热器、加热器暖风等。 财务数据显示，2022-2024年，公司营业收入由10.31亿元逐步提升至14.37亿元。2025年第一季度，公司实现营业收入3.37亿元。 2022年至2024年，公司研发费用从3406.96万元逐年提升至5411.17万元。截至2025年第一季度，公司已 ...

（来源：储能产业网） 12月23日，新股N纳百川(301667)在创业板正式挂牌上市，开盘价60.00元；此次纳百川发行价为22.63元/股，发行市盈率为28.70倍，本次公开发行股份数 量为2791.74万股。 据悉，全天成交量1938.12万股，成交额14.54亿元，换手率86.16%。 午后约14:00，公司股价触及78元/股，涨幅达到244.7%，触发第一次临时停牌。约14:13左右，该股涨幅扩大至324.2%，触发第二次临时停牌。14:23再次 复牌后，最高触及180元/股，涨幅达到695.4%。截至收盘，涨幅回落至408.17%，报115元/股，公司当前总市值为128.4亿。 | N纳百川 301667 西融 创业板 注册制 +加自选 | | (2025-12-23 星期二 15:34:24 | | --- | --- | --- | | 115.00 ↑ | 今开:60.00 最高:180.00 涨停:一换手:86.16% 成交里:19.38万 市盈(动)②:165.24 | 总市值:128.4亿 | | 02 27 108 17% 昨收:22.63 最低:59.99 跌停: - 望比: - | ...

（原标题：主力资金丨2股尾盘获重点出击） 6个行业获主力资金净流入。 A股三大指数今日（12月23日）集体报收红盘，行业板块涨少跌多，能源金属、电池、玻璃纤维、电子化学品、贵金属板块涨幅居前，旅游酒 店、教育、房地产服务、航天航空、软件开发板块跌幅居前。 从今日主力资金情况来看，沪深两市全天主力资金净流出322.18亿元。6个行业获主力资金净流入，电力设备行业主力资金净流入36.56亿元，居 首；基础化工、建筑材料、银行行业主力资金净流入金额分别为12.78亿元、3.58亿元、1.28亿元。 25个主力资金净流出的行业中，国防军工、电子行业主力资金净流出金额居前，均超50亿元；通信、计算机、汽车行业主力资金净流出金额均超 30亿元；医药生物、非银金融、农林牧渔等行业主力资金净流出金额均超10亿元。 8股获主力资金净流入均超5元 据证券时报·数据宝统计，从个股来看，78股主力资金净流入均超1亿元，8股获主力资金净流入均超5亿元。 2股尾盘主力资金净流入均超1亿元 据数据宝统计，尾盘沪深两市主力资金净流出57.12亿元。今日尾盘电力设备行业主力资金净流入金额超1亿元，建筑材料、建筑装饰行业尾盘主 力资金净流入均超 ...

Group 1 - Nanbaichuan New Energy Co., Ltd. (stock code 301667) successfully completed its initial public offering (IPO) and was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 23 [1] - The listing is seen as a significant milestone in the company's development and a practical example of the capital market supporting the real economy, with expectations for enhanced R&D capabilities and breakthroughs in key technologies [1] - The IPO project was managed by Zheshang Securities, which coordinated various business lines to ensure the project's efficient progress, leading to the successful market entry of Nanbaichuan [1] Group 2 - Founded in October 2007, Nanbaichuan specializes in the research, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [2] - The company has developed into an industry leader, providing comprehensive thermal management solutions for various applications, including passenger vehicles, commercial vehicles, engineering machinery, energy storage systems, mobile power sources, data centers, aerial transportation, and shipping [2] - The successful listing of Nanbaichuan is a key achievement for Zheshang Securities in supporting the construction of the Zhejiang Province common prosperity demonstration zone and promoting high-quality development in the region [2]

公开资料显示，纳百川前身为纳百川控股有限公司，曾用名泰顺纳百川汽车配件有限公司，由瑞安籍温 商陈荣贤于2007年10月创办。出生于1969年9月的他，在中国人民大学MBA结业，早年曾在瑞安市担任 某鞋厂厂长、服装厂销售经理、汽配公司总经理等职。 纳百川主要从事新能源汽车动力电池热管理、燃油汽车动力系统热管理及储能电池热管理相关产品的研 发、生产和销售，主要产品包括电池液冷板、电池集成箱体、燃油汽车发动机散热器、加热器暖风等。 纳百川IPO于2023年9月获受理，次月进入问询阶段，历经数次财务资料更新，耗时近两年于8月28日上 会获得通过，并于9月2日进入提交注册阶段。此次上市，该公司拟募资7.29亿元，将用于年产360万台 套水冷板生产项目（一期）等。 上市首日大涨近700%，闲不住的资金猛炒新股！ 12月23日，A股三大股指冲高回落，题材股炒作周期退潮，高位妖股纷纷大幅回撤，而闲不住的资金一 头扎进新股中疯狂爆炒，沐曦集成上市当天疯狂一幕再次在A股上演。 今日汽配企业纳百川正式登陆创业板，纳百川高开165.13%报60元/股，随后一直70元/股上下浮动，不 过午后在A股三大股指下行后，无处可去的资金开始爆炒 ...