换肤

科创新源

i问董秘
企业号

300731

主营介绍

  • 主营业务:

    新材料产品及热管理系统产品的研发、生产及销售。

  • 产品类型:

    防水密封材料、绝缘防火材料、散热金属结构件、汽车密封条

  • 产品名称:

    防水密封材料 、 绝缘防火材料 、 散热金属结构件 、 汽车密封条

  • 经营范围:

    防水、防火、防腐、密封、绝缘类新材料及其制品的研发、制造与销售;塑胶制品的研发、生产及销售;金属制品的研发、生产及销售;模具的开发及制造;电子材料及其制品的研发、生产与销售;散热器及配件、通讯器材、光电产品及数码产品、照明产品、导热管、导热板、电器、安防设备、手机零配件等的研发、生产及销售;PVC、绝缘胶带、防水带、胶泥、自粘带、防火带、防火涂料、冷缩管、电力电缆附件、电力器材等的研发、生产与销售;防水防腐工程施工及专业承包;自产产品的安装、维修及相关的技术咨询;货物及技术进出口(不含法律、行政法规、国务院决定禁止项目和需前置审批的项目)。

运营业务数据

最新公告日期:2026-08-28 
业务名称 2026-06-30 2025-12-31 2025-06-30 2024-12-31 2024-06-30
新材料业务营业收入(元) 2.07亿 - - - -
新材料业务营业收入同比增长率(%) -9.88 - - - -
热管理业务营业收入(元) 3.10亿 6.79亿 3.11亿 - -
热管理业务营业收入同比增长率(%) -0.41 45.97 95.31 - -
产量:传统家电行业(pcs) - 670.70万 - - -
产量:新能源行业(pcs) - 772.64万 - - -
产量:汽车行业(pcs) - 2972.24万 - - -
产量:电力行业(套) - 1417.08万 - - -
产量:通信行业(件) - 1463.94万 - 2284.34万 -
销量:传统家电行业(pcs) - 667.11万 - - -
销量:新能源行业(pcs) - 750.41万 - - -
销量:汽车行业(pcs) - 2956.98万 - - -
销量:通信行业(件) - 2040.72万 - 1980.01万 -
销量:电力行业(套) - 1424.91万 - - -
产能利用率:汽车密封条(%) - 84.92 - 91.63 -
产能利用率:防水密封材料(%) - 45.78 - 69.43 -
产能利用率:散热金属结构件(%) - 71.04 - 35.07 -
产能利用率:绝缘防火材料(%) - 47.27 - 45.55 -
高分子材料业务营业收入(元) - 4.78亿 2.29亿 4.93亿 2.16亿
电力业务营业收入(元) - - 8043.64万 1.67亿 8027.87万
芜湖祥路营业收入(元) - - 8925.09万 - -
芜湖祥路营业收入同比增长率(%) - - 9.79 - -
通信业务营业收入(元) - - 6432.24万 - -
通信业务营业收入同比增长率(%) - - 14.24 - -
高分子材料业务营业收入同比增长率(%) - - 6.04 28.82 24.87
产量:新能源行业(件) - - - 321.25万 -
产量:汽车行业(件) - - - 2290.71万 -
产量:电力行业(件) - - - 1450.47万 -
销量:传统家电行业(件) - - - 671.77万 -
销量:新能源行业(件) - - - 308.05万 -
销量:汽车行业(件) - - - 2438.18万 -
销量:电力行业(件) - - - 1407.84万 -
汽车密封条业务营业收入同比增长率(%) - - - 62.17 -
电力业务营业收入同比增长率(%) - - - 33.18 16.29
产量:传统家电行业(件) - - - 659.14万 -
新能源热管理业务营业收入同比增长率(%) - - - - 426.62
汽车密封件业务营业收入(元) - - - - 8136.22万
汽车密封件业务营业收入同比增长率(%) - - - - 71.73
瑞泰克家电业务营业收入(元) - - - - 6810.01万
瑞泰克家电业务营业收入同比增长率(%) - - - - 41.05
瑞泰克新能源业务营业收入(元) - - - - 8960.23万
瑞泰克新能源业务营业收入同比增长率(%) - - - - 426.62

主营构成分析

报告期
报告期

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营业收入 X

单位(%) 单位(万元)
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 主营利润(元) 利润比例 毛利率
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注:通常在中报、年报时披露 

主要客户及供应商

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前5大客户:共销售了8.16亿元,占营业收入的70.52%
  • 客户一
  • 客户二
  • 客户三
  • 客户四
  • 客户五
  • 其他
客户名称 销售额(元) 占比
客户一
3.87亿 33.46%
客户二
2.18亿 18.86%
客户三
9221.09万 7.97%
客户四
9183.16万 7.94%
客户五
2654.31万 2.29%
前5大供应商:共采购了2.87亿元,占总采购额的41.34%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
8183.66万 11.79%
供应商二
6361.39万 9.17%
供应商三
5852.15万 8.43%
供应商四
4842.73万 6.98%
供应商五
3452.22万 4.97%
前5大客户:共销售了6.15亿元,占营业收入的64.13%
  • 客户一
  • 客户二
  • 客户三
  • 客户四
  • 客户五
  • 其他
客户名称 销售额(元) 占比
客户一
2.48亿 25.87%
客户二
2.05亿 21.44%
客户三
8780.74万 9.16%
客户四
3693.33万 3.85%
客户五
3652.88万 3.81%
前5大供应商:共采购了1.90亿元,占总采购额的33.24%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
4722.11万 8.24%
供应商二
3708.17万 6.47%
供应商三
3613.29万 6.31%
供应商四
3606.80万 6.29%
供应商五
3397.89万 5.93%
前5大客户:共销售了2.42亿元,占营业收入的43.37%
  • 客户一
  • 客户二
  • 客户三
  • 客户四
  • 客户五
  • 其他
客户名称 销售额(元) 占比
客户一
1.06亿 19.06%
客户二
6312.76万 11.30%
客户三
2585.88万 4.63%
客户四
2530.00万 4.53%
客户五
2149.02万 3.85%
前5大供应商:共采购了1.05亿元,占总采购额的35.15%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
2948.86万 9.90%
供应商二
2426.23万 8.15%
供应商三
2160.31万 7.26%
供应商四
1682.34万 5.65%
供应商五
1248.30万 4.19%
前5大客户:共销售了1.99亿元,占营业收入的38.27%
  • 客户一
  • 客户二
  • 客户三
  • 客户四
  • 客户五
  • 其他
客户名称 销售额(元) 占比
客户一
6718.08万 12.91%
客户二
5891.75万 11.32%
客户三
2615.81万 5.03%
客户四
2350.47万 4.52%
客户五
2335.05万 4.49%
前5大供应商:共采购了1.06亿元,占总采购额的35.30%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
5397.78万 18.03%
供应商二
1604.38万 5.36%
供应商三
1290.41万 4.31%
供应商四
1188.03万 3.97%
供应商五
1086.11万 3.63%
前5大客户:共销售了1.32亿元,占营业收入的23.20%
  • 客户一
  • 客户二
  • 客户三
  • 客户四
  • 客户五
  • 其他
客户名称 销售额(元) 占比
客户一
2959.88万 5.21%
客户二
2749.87万 4.84%
客户三
2627.96万 4.62%
客户四
2486.40万 4.37%
客户五
2364.38万 4.16%
前5大供应商:共采购了9393.74万元,占总采购额的29.35%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
2918.05万 9.12%
供应商二
2445.54万 7.64%
供应商三
1445.96万 4.52%
供应商四
1334.64万 4.17%
供应商五
1249.55万 3.90%

董事会经营评述

  一、报告期内公司从事的主要业务  (一)报告期内公司所属行业的发展情况以及所从事的主要业务、主要产品及其用途  公司是一家致力于以自主创新、独立研发为基础的国家级高新技术企业。报告期内,公司主要业务为新材料产品及热管理系统产品的研发、生产及销售,产品可广泛应用于通信、电力、新能源汽车、传统家电及汽车和数据中心等领域。其中新材料业务以公司、公司控股子公司无锡昆成及芜湖祥路为主要实施主体,热管理系统业务以公司控股子公司瑞泰克和全资子公司创源智热为主要实施主体。  在新材料领域,公司主要产品为高性能特种橡胶材料产品,包括高性能特种橡胶胶粘带以及与其配套使用的PVC绝缘胶带、冷缩套管系列产品;绝缘... 查看全部▼

  一、报告期内公司从事的主要业务
  (一)报告期内公司所属行业的发展情况以及所从事的主要业务、主要产品及其用途
  公司是一家致力于以自主创新、独立研发为基础的国家级高新技术企业。报告期内,公司主要业务为新材料产品及热管理系统产品的研发、生产及销售,产品可广泛应用于通信、电力、新能源汽车、传统家电及汽车和数据中心等领域。其中新材料业务以公司、公司控股子公司无锡昆成及芜湖祥路为主要实施主体,热管理系统业务以公司控股子公司瑞泰克和全资子公司创源智热为主要实施主体。
  在新材料领域,公司主要产品为高性能特种橡胶材料产品,包括高性能特种橡胶胶粘带以及与其配套使用的PVC绝缘胶带、冷缩套管系列产品;绝缘防水胶带、防火板/毯/胶带等防火封堵产品、电子防潮堵漏等产品;汽车门窗密封条等系列产品,并提供防水、绝缘、防火、密封等方面的整体解决方案。上述高性能特种橡胶材料产品生产中耗用的主要原材料为聚异丁烯、三元乙丙橡胶、丁基橡胶、有机硅等,该类原材料在生产成本中占比较高,其价格走势会对公司生产成本产生直接影响,公司产品销售价格亦会因原材料价格波动情况相应调整。公司高性能特种橡胶材料产品的下游应用领域主要包括通信、电力、汽车等行业,下游行业对公司所在行业的发展具有较大的牵引和驱动作用,其投资增速的变化对公司高性能特种橡胶材料产品市场应用与拓展至关重要。前述下游行业属于支撑经济社会发展的基础性、战略性行业,下游行业的稳定发展,为公司高性能特种橡胶材料产品的持续稳定增长提供了有力支撑。目前公司客户主要包括华为、中兴、爱立信、中国电信、中国联通、国家电网、南方电网、泰国电网、泰科电子、奇瑞汽车、吉利汽车等。在热管理系统领域,公司主要产品为散热金属结构件产品,包括新能源汽车动力电池用液冷板、传统家用电器使用的冷凝器、蒸发器、数据中心服务器用散热液冷板等产品,上述散热金属结构件产品生产中耗用的主要原材料为铝合金、铜合金等,该类原材料在生产成本中占比较高,其价格波动会对公司生产成本产生显著影响,公司相关产品销售价格通常根据原材料市场变化进行相应调整。散热金属结构件产品产业链下游主要覆盖新能源汽车、消费电子、数据中心、航空航天及高端装备制造等领域,下游行业的产能扩张与技术迭代对公司所在行业发展形成正向带动作用,其市场需求变化对公司产品应用规模起到决定性影响。前述下游行业作为国家战略性新兴产业和先进制造业的核心组成部分,随着前述行业的持续稳健发展,相关散热配套需求稳步提升,为散热金属结构件产品提供了稳定的增长空间,行业中长期需求整体呈现向好态势。目前公司客户主要包括宁德时代、蜂巢能源、正力新能、海尔、LG等。
  2高频焊式液冷板也称为:“大面冷却液冷板、口琴管式液冷板”。
  (二)报告期内公司经营模式
  1.采购模式
  报告期内,公司橡胶类产品在生产过程中所需要的主要原料以向国外生产厂家在国内的代理商进行采购为主,以向国内生产厂家采购为辅;其他产品需要的主要原料,公司主要向国内的供应商进行采购;产品生产过程中需要的一些辅助材料,公司主要向国内生产厂家进行采购。公司制定了采购管理制度,对采购过程进行控制,公司采购的原辅材料入库前均需经过公司质量检测部门的严格测试,以保证产品质量不受原材料因素的影响。为了确保原材料供应稳定,公司实施安全库存管理,在制定各种原料的安全库存时,会充分考虑市场供应情况、价格波动等因素。目前公司已与多家供应商建立了长期稳定的合作关系,充分保障了原材料供应及时、稳定。公司根据不同类型原材料的市场特点,分别采取战略合作定价、根据公开市场价格定价等多种灵活的定价策略,有效控制采购成本。
  2.生产模式
  报告期内,公司主要产品由公司自行生产,一些配套产品由公司委托外协厂商进行贴牌生产,自主生产模式和外协生产模式具体情况如下:
  (1)自主生产模式
  报告期内,公司通信、电力、汽车用高性能特种橡胶胶粘带及冷缩套管、密封条等产品,新能源汽车、数据中心以及家用电器用散热器件等产品由公司自产。针对与公司已建立长期、稳定合作关系并签订框架协议的大客户,按生产计划生产。针对未与公司签订年度框架协议的客户,按订单生产。
  (2)外协生产模式
  报告期内,在资源有限的情况下,为保障核心产品的供应,公司将与高性能特种橡胶胶粘带配套用的PVC绝缘胶带,以及少量应用于电力等其他应用领域的防潮封堵等产品委托外协厂商贴牌生产。公司严格选择战略合作外协厂商,并与其通过参考同类产品市场价格、综合考量材料成本、加工费用等因素,进行协商定价。
  3.销售模式
  报告期内,公司产品的销售模式以直销为主,经销为辅。直销模式侧重于与公司已建立长期、稳定合作关系的客户;采用直销可以更深入、更快捷地把握客户的需求,为客户提供个性化的解决方案。经销模式侧重市场的全面覆盖,不断打开市场,扩大产品的销售份额。采用直销及经销的销售模式,可以助力公司把握行业发展趋势,快速响应市场变化。报告期内,公司经营模式不存在重大变化。
  (三)报告期内公司市场地位
  公司具有较强技术研发实力,凭借过硬的产品质量、领先的技术水平和专业及时的售后服务,获得了客户的普遍认可与好评。
  公司通信用防水密封材料产品目前主要由公司负责研发、生产和销售,电力用绝缘防火材料产品、汽车用防水密封件产品、传统家电散热器件产品、新能源汽车和数据中心用散热液冷板等产品目前主要由子公司负责研发、生产和销售。公司及公司主要控股子公司无锡昆成、芜湖祥路和瑞泰克均为高新技术企业,在相关行业耕耘多年,通过公司不断的研发及优化,相应的技术指标不断提高,受到核心大客户的认可。
  (四)报告期内公司主要业绩驱动因素
  报告期内,公司实现营业收入51,663.70万元,较上年同期下降4.42%;实现营业利润-280.72万元,较上年同期下降111.86%;实现净利润129.62万元,较上年同期下降93.13%;实现归属于上市公司股东的净利润-277.56万元,较上年同期下降115.77%。报告期内,公司营业收入较上年同期略有下降,营业利润和实现归属于上市公司股东的净利润均较上年同期大幅下降,公司业绩变化的主要因素为:
  1.报告期内,受东南亚通信基建市场成本导向型采购偏好影响,以及国家电网、南方电网投资节奏放缓、年度框架招标延后及成本管控趋严等因素影响,公司通信基站用防水密封材料及电力用防火绝缘材料等产品销量较上年同期有所下降。与此同时,公司在汽车密封条领域的欧式导槽产品及数据中心领域的液冷板产品收入较上年同期大幅上涨,弥补了通信及电力业务阶段性收缩的影响,使得报告期内公司营业收入较上年同期基本持平。
  2.报告期内,受国际地缘局势及大宗商品市场波动影响,铜、铝等主要原材料采购成本较上年同期有所抬升;同时国内行业市场竞争持续加剧,部分下游客户提出产品降价诉求,多重因素共同挤压盈利空间,致使公司部分产品毛利率较上年同期出现下滑。
  3.报告期内,公司数据中心业务正处于由小批量试产向大批量规模化生产过渡的关键阶段。为匹配业务发展需求,公司持续加大生产设备投入、扩充团队人员规模,相关产线处于产能爬坡与工艺迭代优化周期,产品良率正稳步提升。受产线折旧摊销、新增人力成本等刚性支出增加影响,当期生产成本及运营费用整体处于较高水平,综合导致报告期内数据中心业务亏损规模较上年同期有所扩大。
  4.报告期内,公司确认政府补助等其他收益较上年同期减少373.74万元。
  5.报告期内,公司计提存货跌价损失较上年同期增加131.42万元。
  6.报告期内,公司向2025年限制性股票激励计划激励对象首次授予第一类限制性股票,新增计提股权激励费用747.55万元。
  面对多重行业阶段性调整压力,公司将密切跟踪行业政策与市场边际变化,灵活调整经营策略,把握市场修复机遇,努力实现经营平稳运行与高质量发展。同时,公司将加快推进数据中心液冷等新业务增长曲线,推动业务结构持续优化。
  (五)报告期内公司主营业务情况
  报告期内,公司主营业务为新材料产品及热管理系统产品的研发、生产及销售,产品可广泛应用于通信、电力、新能源汽车、传统家电及汽车和数据中心等领域。
  1.新材料领域
  在新材料领域,公司依托多年来在新材料配方和工艺上的深厚积累以及大客户资源,主要开展防水密封材料、防火绝缘材料、防潮封堵材料等业务。报告期内,公司新材料业务合计实现营业收入20,676.66万元,较上年同期下降9.88%。在通信行业领域,公司凭借先进的技术、优质的产品和专业的服务,持续深化与华为、中兴、爱立信等通信设备龙头,以及中国联通、中国电信等通信运营商的合作关系,满足其在通信基站用防水密封材料相关产品及解决方案方面的需求。报告期内,受行业周期与区域市场结构调整影响,传统通信设备与配套领域需求放缓,客户端经济性要求不断提升,导致通信基站类业务收入下降。为有效缓解国内通信业务收入下降所带来的利润压力,公司将重点加大对海外通信大客户的开拓力度,推动公司通信业务在市场竞争中稳健前行。
  在电力行业领域,国内电缆附件生产厂家数量众多,市场竞争格局随着电压等级的提高呈现“金字塔”结构。报告期内,国内中低压电缆附件领域市场竞争持续加剧,致使公司该类产品销售收入有所下滑。为进一步强化核心竞争能力,开拓盈利水平更高的业务市场,公司加大海外市场拓展力度,依托技术创新、品牌建设、质量管控与服务升级等多维度举措,不断夯实品牌影响力,提升整体综合竞争实力。报告期内,公司持续深化与海外优质客户如泰科电子、Cellpack、伊顿等的业务合作,针对部分订单需求已陆续推进交付工作。
  在汽车行业领域,公司主要通过控股子公司芜湖祥路开展汽车密封条业务。近年来,为顺应汽车密封条产品高端化、多样化的技术发展趋势,芜湖祥路不断强化欧式导槽等先进工艺的技术研发与量产转化能力,以系统性提升产品竞争力。报告期内,芜湖祥路已实现欧式导槽工艺产品的批量交付,使得上半年收入规模和盈利能力较上年同期大幅提升。
  2.热管理系统领域
  随着新能源汽车和人工智能的快速发展,相关产业的热管理产品及解决方案,对于提升新能源汽车的性能和安全性,以及优化人工智能设备的运行效率具有关键作用。报告期内,公司热管理业务保持稳健发展,合计实现营业收入30,987.03万元,较上年同期下降0.41%。
  公司控股子公司瑞泰克家电业务的终端客户主要为海外客户,报告期内瑞泰克家电业务收入及盈利能力较上年同期相比均有所提升。
  受新能源汽车购置税政策调整、上年度年末促销活动透支前期消费需求等因素影响,2026年第一季度,国内新能源汽车行业需求释放节奏有所放缓;第二季度行业需求虽出现回暖,但上半年整体依旧承压,国内新能源汽车市场累计销量同比下降13.4%,其中新能源乘用车累计销量同比下降16.8%。受下游行业短期需求承压传导影响,公司新能源汽车动力电池散热液冷板产品收入规模较上年同期有所下滑。瑞泰克凭借丰富的技术储备与前瞻性的技术布局,以及持续的设备投入和工艺优化,已形成较强的产品竞争力,能够持续满足头部客户技术革新和量产交付的需求。报告期内,瑞泰克不断对既有产线进行升级改造,引入先进的自动化设备,不断优化生产流程,致力于提升生产效率、降低产品不良率,进一步巩固公司在行业内的领先地位。随着下半年新车型密集上市,新能源汽车市场有望维持稳健增长,同步将带动公司新能源汽车动力电池散热液冷板收入规模稳健增长。
  近年来,在算力革命驱动下,全球数据中心散热技术正经历从传统风冷、风液混合向纯液冷演进的代际更替,叠加国家政策的支持鼓励,数据中心液冷部件市场空间将不断提升,迎来较大的发展机遇。其中冷板式液冷凭借技术成熟度高、适配性强、改造成本低、运行稳定可靠等优势,成为当前行业规模化落地的主流方案,也是液冷替代风冷进程中应用最广泛的技术路线。当前高端液冷部件产能供给仍存在缺口,具备技术与产能优势的厂商面临明确的市场扩容机遇。报告期内,公司主要通过全资子公司创源智热开展数据中心散热结构件业务,产品包括液冷板等。2026年第一季度,创源智热部分项目已顺利完成产业化验证并陆续收到量产订单,收入规模较去年同期增长显著。为保障客户订单顺利交付及新产品研发打样需求,创源智热持续加大生产设备投入、扩充人员配置。但受上游芯片阶段性产能紧张影响,创源智热第一季度实际交付规模低于订单水平,对应产线尚处于产能爬坡、工艺磨合优化阶段,产品良率逐步改善。2026年第二季度,上游供应链瓶颈逐步缓解,创源智热凭借自身在数据中心热管理领域的技术、资源及渠道优势,重点推进客户开拓、订单承接、产能储备及量产交付准备工作,同步布局液冷新技术与新工艺。报告期内,创源智热依据下游客户订单规划,积极整合供应链及生产配套资源,稳步推进产品交付工作,实现相关业务收入较上年同期增长1,239.27%。特别是进入7月份以来,创源智热交付规模快速增长,7月份单月交付数量已超上半年整体交付数量。为应对下游客户规模化批量交付的需求,公司于7月份披露了2026年度以简易程序向特定对象发行股票预案,拟募集资金总额不超过人民币12,332.16万元(含本数),扣除相关发行费用后的募集资金净额将全部用于数据中心液冷部件生产建设项目、创源智热研发中心建设项目和补充流动资金。创源智热将通过上述募投项目的建设,进一步补足和扩大高标准及专业化的液冷部件生产线,持续扩大并巩固公司的市场竞争优势,全面把握液冷市场快速扩容带来的广阔机遇。

  二、核心竞争力分析
  (一)客户资源优势
  目前,公司产品可应用于通信、电力、传统家电及汽车、新能源汽车、数据中心等业务领域。其中,在通信业务领域,公司与华为、中兴、爱立信等国内外主要通信设备厂商建立了长期的业务合作关系,并直接或者间接与中国电信、中国联通等运营商建立了业务合作关系;在电力业务领域,公司依托在核心材料技术领域的不断投入和创新,现拥有电气维护、电缆接续和防火封堵三大产品线,产品可满足国家电网、南方电网、泰国电网、泰科电子、Cellpack、伊顿等客户需求,并深受客户好评;在传统汽车业务领域,公司与奇瑞、吉利等主要整车厂商建立了战略合作关系,相应的汽车密封条业务在近几年获得了快速发展;在新能源汽车业务领域,公司已与多家行业领先的动力电池厂商建立了稳定的业务关系,包括宁德时代、蜂巢能源、LG等;在数据中心业务领域,公司已与多家台系散热模组厂商建立合作关系,并将逐步深化业务合作模式。优质的客户除给公司带来稳定的订单、收入外,还能使公司洞察下游产业未来的发展方向,紧密把握下游客户未来的需求方向。
  (二)品牌及信誉优势
  目前,公司产品的部分核心技术指标领先于同行,并得到主要客户的高度认可。公司管理层视“诚信合作”为公司经营的生命线,公司品牌及信誉优势明显。
  (三)研发和技术优势
  公司始终高度重视技术研发工作,通过不断加大研发投入力度,扩充专业研发团队,取得了丰富的成果。公司及主要控股子公司无锡昆成、瑞泰克和芜湖祥路均为高新技术企业,且一直致力于所在行业新技术的创新与发展,拥有业内领先的自主核心技术和可持续研发能力。公司核心技术团队人员具备丰富的研发管理和实践经验,对行业发展动向、市场需求变化以及技术变革方向有着敏锐的洞察力,在行业内具有较强的影响力,有力保障了公司持续保持技术优势。
  (四)产品质量及服务优势
  公司高度重视产品质量和客户服务,始终秉持“向客户提供优质产品,为客户创造价值,合作共赢”的经营理念,注重产品质量的持续提升。公司制定了严格的质量标准体系,已通过ISO9001质量管理体系、ISO14001环境管理体系、ISO45001职业健康安全管理体系、GB/T29490-2023知识产权合规管理体系认证,并获得了IATF16949等证书。公司全力打造优质服务体系,及时与客户沟通产品需求、快速响应并闭环解决客户诉求。完善的服务保障体系,是公司长期稳定合作优质核心客户的重要支撑。
  (五)人力资源优势
  公司拥有专业成熟的核心管理团队,公司董事会成员在战略规划、经营管理、资本运作、合规风控等方面具有丰富的从业经验,能够不断为公司可持续发展提供指导性建议。公司研发、采购、生产、销售等主要经营环节的管理人员拥有多年行业相关经验,能够对行业的发展趋势做出良好的专业判断,以更好地满足客户需求。同时,公司高度重视人才体系建设,通过构建具有市场竞争力的员工薪酬体系和激励政策,更好地实现吸引人才、留住人才的战略目标。

  三、公司面临的风险和应对措施
  (一)行业快速变化和市场竞争风险
  目前,通信行业和电力行业受运营商资本开支计划和招投标进度的影响较大;新能源汽车行业处于以市场需求为基础、以技术创新为驱动的持续增长阶段,随着竞争加剧,未来市场及客户需求或快速变化;随着数据中心应用场景的多元化和复杂化,下游客户对液冷方案的需求呈现出高度的定制化与差异化特征。公司能否准确把握行业发展趋势、不断提升竞争能力,对公司未来发展可能造成影响。针对市场风险及行业发展趋势风险,公司将持续不断地推进产品研发和技术创新,紧跟市场需求进行深度挖掘和不断创新,优化营销网络,在继续做好主营业务的同时以自主研发、外延发展等方式,持续拓宽产品线和开拓新的业务领域。
  (二)主要原材料价格波动风险
  公司产品的主要原材料价格受供求关系的影响波动,存在引起公司正常生产经营中的生产成本增加的风险。公司将加强对原材料市场价格走势的分析、预判,对关键物料进行策略性备货,确保相对低成本的物料采购及供应保障,减缓因原材料价格上涨对公司毛利率带来的波动,尽量将原材料价格上涨对公司业绩带来的影响降到最低。
  (三)经营管理和人力资源风险
  近年来,随着公司业务领域、业务规模的不断扩大,公司经营决策、运作实施、人力资源和风险控制的难度有所增加,从而对公司现有的管理体系、管理人员提出更高的要求,如果公司管理层不能继续保持高效的运营能力,或是公司不能通过内部培养、外部招聘的方式构建适合公司未来发展的人才团队,将会对公司未来的经营和发展带来一定的影响。对此,公司将不断完善内部组织架构,优化人力资源配置和流程体系建设,完善内部控制管理流程,加强内部控制和风险管理。
  (四)收购能否完成及并购后整合风险
  截至半年报发布之日,公司已完成对东莞兆科(含昆山兆科)的收购事项,对新加坡智科的收购事项尚在推进过程中。新加坡智科的交割程序尚需办理股权转让手续(包括但不限于中国大陆地区境外投资备案、中国台湾地区投资审批手续等)。能否获得上述相关审批或备案,具有不确定性。公司将持续关注相关事项的进展情况,协调各方资源积极推动工作。未来如顺利完成本次收购,公司将形成部分商誉,若被并购公司与公司融合度较低,公司在市场拓展、内部管理等方面受不利因素影响,将使公司面临潜在的商誉减值风险及业绩波动的风险,对公司整体业绩可能会造成影响。公司将按照规定尽快推进本次交易事项。未来如顺利完成本次收购,公司将在资源分配、人员管理与培养、文化融合等方面与标的公司进行充分、合理的整合,使标的公司尽快融入公司,最大程度地发挥协同效应。 收起▲

产品价格

数据截至(20261019)
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