Core Viewpoint - Shanghai Huayi Group Co., Ltd. held its 12th meeting of the 11th Board of Directors on December 29, where it approved the progress of a capital increase of 350 million yuan to Double Coin Chongqing [1][10][12]. Group 1 - The meeting was chaired by Chairman Gu Lili, with company directors and some executives in attendance [3][12]. - The capital increase of 350 million yuan was initially approved in April 2019, with the aim of supporting the future development and funding needs of its tire segment [4][5][13]. - After the capital increase, the registered capital of Double Coin Group will rise to 2.85 billion yuan [6][13]. Group 2 - The company has maintained active communication with the minority shareholders of Double Coin Chongqing, who have agreed to a unilateral non-proportional capital increase by Double Coin Group [8][15]. - The company will continue to implement the capital increase, with the audit evaluation benchmark date adjusted to November 30 [9][15].

该项目由上海华谊集团所属上海华谊能化公司负责建设运营。上海华谊能化公司党委书记、董事长郑必 军表示，将全力以赴保障绿色甲醇装置稳定高效运行，持续助力上海国际航运中心建设，为实现国 家"双碳"目标贡献力量。 该项目由上海华谊集团、申能集团、上海城投、上港集团联手打造，于今年1月开工。项目创新性地将 城市废弃物转化为国际航运领域急需的绿色甲醇燃料，真正实现"变废为宝"。项目投产后将为上海港提 供重要的绿色燃料保障。 上海市发展和改革委员会四级调研员关雪飞指出，要合理运营好绿色甲醇装置，打造航运燃料绿色转型 的样本工程；要整合好上下游产业资源，夯实绿电—燃料产业链关键节点；要建设绿色燃料认证服务的 交流平台，打造国际可持续发展和碳认证集聚新高地。 中化新网讯 12月29日，上海首套10万吨/年绿色甲醇项目投产仪式在上海华谊工业气体有限公司举行。 图为10万吨/年绿色甲醇项目现场。 (企业供图) ...

Group 1 - The core viewpoint of the news is that Huayi Group's stock has shown a slight increase, with a current price of 7.62 yuan per share and a total market capitalization of 16.176 billion yuan [1] - Huayi Group, established on August 5, 1992, and listed on December 4, 1992, is primarily engaged in the research, production, and sales of tires, energy chemicals, fine chemicals, and chemical services [1] - The main business revenue composition includes fine chemicals (19.84%), tire manufacturing (12.51%), and various other segments such as energy chemicals and chemical services, with specific contributions detailed [1] Group 2 - From the perspective of fund holdings, Changcheng Fund has a significant position in Huayi Group, with its Changcheng Jiurun Mixed A fund holding 78,000 shares, representing 3.56% of the fund's net value [2] - The Changcheng Jiurun Mixed A fund has achieved a year-to-date return of 33.81%, ranking 2682 out of 8085 in its category [2] - The fund manager, Chen Ziyang, has a tenure of 2 years and 141 days, with the best fund return during this period being 68.11% [3]

证券代码：600623 900909 股票简称：华谊集团 华谊 B 股 编号：2025-065 上海华谊集团股份有限公司 关于 2025 年日常关联交易实际执行情况以及 2026 年预计日 常关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 关联交易 | 关联对方 | 实施内容 | 2025 年预计 | 2025 年 | 2025 年全年 实际预估（万 | | | --- | --- | --- | --- | --- | --- | --- | | 类别 | | | | 月实际 1-11 | | 差异原因 | | | | | （万元） | （万元） | 元） | | | | 上海华谊控股 | 租赁服务、技术 服务、水电费、 | | | | | | | 集团有限公司 | 托管服务、接受 | 5,169.55 | 1,922.94 | 3,760.58 | | | | | 劳务 | | | | | | | 广西华谊能源 | 采购货物、租赁 | 760,469.79 | 482,113.12 | ...

证券代码：600623 900909 股票简称：华谊集团 华谊 B 股 编号：2025-064 上海华谊集团股份有限公司 第十一届董事会第十二次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海华谊集团股份有限公司（以下简称"公司"）第十一届董事会第十二次 会议，于 2025 年 12 月 29 日以通讯表决方式召开，应到董事 7 人，实到董事 7 人，公司部分高级管理人员列席会议，会议由董事长顾立立先生主持，符合《公 司法》、公司《章程》的规定，会议合法有效。 经审议、逐项表决，会议通过如下议案： 一、审议通过了《关于 2025 年日常关联交易实际执行情况以及 2026 年预计 日常关联交易的议案》。 关联董事顾立立先生、钱志刚先生、李良君先生回避表决。该议案同意票数 为 4 票，反对票数为 0 票，弃权票数为 0 票。 四、审议通过了《领导人员 2024 年度业绩考核及 2022-2024 年任期激励收 入结算的议案》。 关联董事钱志刚先生、李良君先生回避表决。该议案同意票数为 5 票，反对 票数为 0 票 ...

Core Insights - The development of AI has led to significant power consumption issues, making liquid cooling solutions increasingly essential for data centers and high-density computing environments [1] - The Chinese liquid cooling server market is projected to reach $2.37 billion in 2024, representing a year-on-year growth of 67.0%, and is expected to grow to $3.39 billion in 2025, with a compound annual growth rate (CAGR) of 46.8% from 2024 to 2029, ultimately reaching $16.2 billion by 2029 [1] - The demand for liquid cooling fluids is also expected to surge alongside the growth of the liquid cooling market [1] Liquid Cooling Fluids - Various options for liquid cooling fluids are available, with glycol, propylene glycol, and water being predominant in cold plate cooling, while oil, silicone, and fluorinated liquids are used in immersion cooling [2] - Fluorinated liquids are becoming a critical component in both immersion and cold plate cooling systems due to their surface tension, insulation properties, and material compatibility, especially in high-power density AI server applications [2] - The exit of 3M from the market presents growth opportunities for domestic companies in the high-performance fluorinated liquid segment [2] Investment Recommendations - The rise of AI has created significant power and cooling challenges, positioning liquid cooling as a vital solution, with liquid cooling fluids expected to grow rapidly [2] - Companies that are early entrants into the liquid cooling supply chain are likely to benefit, with specific recommendations to focus on firms such as Dongyangguang, Xinzhoubang, Runhe Materials, Juhua Co., Yonghe Co., Haohua Technology, Jinshi Resources, Dongyue Group, Yongtai Technology, Huayi Group, Sanmei Co., Unity Co., Bayi Shikong, Changlan Technology, Xin'an Co., and Jitai Co. [2]

Core Viewpoint - The Shanghai Huayi Group Co., Ltd. held its 11th board meeting to approve several key proposals, including the addition of daily related transaction limits for 2025 and investment in new projects [1][2][12]. Group 1: Daily Related Transactions - The board approved the proposal to add the daily related transaction limit for 2025, with a total borrowing limit of 2 billion yuan, of which 300 million yuan was actually borrowed from the financing leasing company [13][16]. - The additional daily related transactions are deemed necessary for the company's normal operations and are expected to lower funding costs while supporting production and sustainable development [18]. Group 2: New Project Investments - The board approved the investment in a 70,000 tons/year superabsorbent resin project at Shanghai Huayi New Materials Co., Ltd., with a total investment of 430.65 million yuan, funded by the company [3][6]. - Another project for a 40,000 tons/year electronic-grade (methyl) acrylate specialty ester (Phase I) was also approved, with a total investment of 398.23 million yuan, similarly funded by the company [6][10]. Group 3: Company Policy Revisions - The board approved revisions to several internal management policies to enhance compliance and internal control systems, including the Fixed Asset Investment Project Management Measures and the Internal Audit Management Measures [11].

证券日报网讯 12月26日，华谊集团发布公告称，华谊集团第十一届董事会第十一次会议于2025年12月 25日召开，审议通过《关于追加2025年日常关联交易额度的议案》等多项议案。 （文章来源：证券日报） ...

证券代码：600623 900909 股票简称：华谊集团 华谊 B 股 编号：2025-063 上海华谊集团股份有限公司 关于追加 2025 年日常关联交易额度的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 追加日常关联交易基本情况 公司第十届董事会第三十六次会议和 2025 年第一次临时股东大会审议通过 了《关于公司 2024 年日常关联交易实际执行情况和 2025 年预计日常关联交易 的议案》，批准 2025 年资金拆借关联交易总额度 20 亿元，其中上海华谊集团 融资租赁有限公司资金拆借额度 2 亿元。2025 年 1-11 月实际发生资金拆借关联 交易 20 亿元，其中与融资租赁公司实际发生 3 亿元。 本次追加日常关联交易预计金额和类别： 1 单位：万元 关联交易 类别 关联方 本次追加金 额 原交易预计 总金额 2025 年 1-11 月 实际发生 2024 年发 生金额 追加后预计 交易金额 关联交易 内容 资金拆借 上海华谊控股集 团有限公司 0.00 180,000.00 170 ...

证券代码：600623 900909 股票简称：华谊集团 华谊 B 股 编号：2025-062 上海华谊集团股份有限公司 第十一届董事会第十一次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海华谊集团股份有限公司（以下简称"公司"或"华谊集团"）第十一届 董事会第十一次会议，于 2025 年 12 月 25 日以通讯表决方式召开，应到董事 7 人，实到董事 7 人，公司部分高级管理人员列席会议，会议由董事长顾立立先生 主持，符合《公司法》、公司《章程》的规定，会议合法有效。 （内容详见上海证券交易所网站 http://www.sse.com.cn） 该议案已经独立董事专门会议、董事会审计委员会审议通过。 二、审议通过了《关于上海华谊新材料有限公司上海化工区 7 万吨/年高吸 水性树脂项目及投资主体增资的议案》。 上海华谊新材料有限公司（以下简称"上新公司"）是华谊集团的全资子公 司，拟建设上海化工区 7 万吨/年高吸水性树脂项目。项目选址位于上海化学工 业区上新公司现有厂区内。 项目总投资为 43,065 万 ...