证券代码：872808 证券简称:曙光数创 公告编号：2024-061 曙光数据基础设施创新技术（北京）股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律责任。 一、股票交易异常波动的具体情况 公司股票最近 3 个有成交的交易日（2024 年 9 月 27 日、2024 年 9 月 30 日、2024 年 10 月 8 日）以内收盘价涨幅偏离值累计达到 45.66%，根据《北京证券交易所交易规则（试行）》 的有关规定，属于股票异常交易波动情形。 二、公司关注并核实的相关情况 1、 关注问题： (1)前期公告的事项是否取得重大进展或变化，前期披露的公告是否需要更正、补充； (2)是否存在可能或已经对本公司股票交易价格产生较大影响的媒体报道或市场传闻，是 否涉及热点概念事项； (3)近期公司经营情况及内外部经营环境是否或预计将要发生重大变化； (4)公司、控股股东和实际控制人是否存在关于本公司的应披露而未披露的重大事项，或 处于筹划阶段的重大事项； (5)是否存在其他可能对股价产生较 ...

Investment Rating - The report maintains a "Buy" rating for Dawn Digital Innovation (872808 BJ) [1] Core Views - Dawn Digital Innovation is a leading provider of cooling technology solutions for data centers, specializing in immersion phase-change liquid cooling and cold plate liquid cooling products [4] - The company has a strong market position, with a 61 3% market share in liquid cooling infrastructure in 2023, ranking first in the industry for three consecutive years [56] - The liquid cooling data center market is expected to grow rapidly, with a projected CAGR of 59% from 2022 to 2027, reaching a market size of 102 billion yuan by 2027 [28] Industry Overview - The liquid cooling data center industry is driven by increasing computing power, higher power density per rack, and government policies on PUE requirements [20] - Cold plate liquid cooling is expected to remain the mainstream solution, accounting for 89% of the market by 2027 [28] - The internet and government sectors are the largest demand drivers for liquid cooling solutions, with the internet sector accounting for 32% of demand in 2022 [29] Company Products - Dawn Digital Innovation's main products include the C8000 series for immersion phase-change liquid cooling and the C7000 series for cold plate liquid cooling [36] - The C8000 series offers high-efficiency cooling, energy savings, and high-density deployment, with a single cabinet power capacity of up to 220kW [42] - The C7000 series combines liquid and air cooling, achieving a PUE of less than 1 2 and supporting power densities of up to 50kW per rack [49] Financial Performance - In 2023, the company achieved revenue of 650 million yuan, a 25 63% year-on-year increase, with a CAGR of 24 70% from 2020 to 2023 [51] - The gross margin in 2023 was 31 37%, down from a peak of 40 67% in 2021 [51] - Net profit in 2023 was 104 48 million yuan, a 10 63% year-on-year decrease, with a net profit margin of 16 07% [52] R&D and Innovation - As of H1 2024, the company held 145 patents, including 38 invention patents, with 112 related to liquid cooling technology [57] - R&D expenses in H1 2024 were 28 62 million yuan, accounting for 29 26% of revenue [63] - The company has developed a proprietary electronic fluorinated liquid coolant, which reduces PUE to 1 04 and improves chip performance by 10%-30% [65] Market Trends - The global liquid cooling industry is seeing increased investment, with companies like Intel and Vertiv launching new solutions [14] - Dawn Digital Innovation is leading the development of national standards for liquid cooling technology in China [15] - The company's new industrial base and technological advantages are expected to support its growth as demand for liquid cooling solutions expands [4]

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-09- | 430090 | 同辉信息 | 27192831.0 | 9690.1 | 当日收盘价涨幅达到30.00% | | 27 | | | | | | | 2024-09- | 837592 | 华信永道 | 12174202.0 | 34881.23 | 当日收盘价涨幅达到29.99% | | 27 | | | | | | | 2024-09- | 838262 | 太湖雪 | 4106217 | 4632.79 | 当日收盘价涨幅达到29.92% | | 27 | | | | | | | 2024-09- | 830799 | 艾融软件 | 24569962.0 | 30020.42 | 当日收盘价涨幅达到27.85% | | 27 | | | | | | | 2024-09- | 872808 | 曙光数创 | 4646871 | 16059.31 | 当日收盘价涨幅达到27.78% | | 27 | | | | | | ...

| | 公告日期 2024-09-27 | 异常期间 | 无 | | | | --- | --- | --- | --- | --- | --- | | | 曙光数创(872808) 连续竞价 | 成交数量 （股） | 4646871 | 成交金额（万 元） | 16059.31 | | | 涉及事项 当日收盘价涨幅达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 东方财富证券股份有限公司拉萨东环路第一证券营业部 | | | 2641211.18 | 1587158.93 | | 买2 | 东方财富证券股份有限公司林芝广州大道证券营业部 | | | 2367445.96 | 2625158.34 | | 买3 | 中信建投证券股份有限公司广州珠江新城证券营业部 | | | 2348625.62 | 2354247.34 | | 买4 | 广发证券股份有限公司上海奉贤区金钱公路营业部 | | | 2301701.72 | 0 | | 买5 | 东方财富证券股份有限公司拉萨团结路第一证券营业部 | | | 22810 ...

证券代码：872808 证券简称：曙光数创 公告编号：2024-059 曙光数据基础设施创新技术（北京）股份有限公司 2024 年第二次临时股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 出席和授权出席本次股东大会的股东共 4 人，持有表决权的股份总数 126,905,757 股，占公司有表决权股份总数的 63.4529%。 其中通过网络投票参与本次股东大会的股东共 2 人，持有表决权的股份总数 4,480 股，占公司有表决权股份总数的 0.0022%。 （三）公司董事、监事、高级管理人员出席或列席股东大会情况 1.会议召开时间：2024 年 9 月 10 日 2.会议召开地点：北京市海淀区东北旺西路 8 号中关村软件园一期 27 号楼 C 座 3 层 301 公司会议室 3.会议召开方式：现场投票、网络投票 4.会议召集人：董事会 5.会议主持人：任京暘 6.召开情况合法、合规、合章程性说明： 本次股东大会的召开符合《公司法》等有关法律、法 ...

北京市炜衡律师事务所 关于曙光数据基础设施创新技术(北京)股份有限公司 2024年第二次临时股东大会的 法律意见书 炜衡(2024)文书字第BJ7614号 北京市海淀区北四环西路66号中国报 尺厦A座16层 邮编:100080 电话:(010) 6268 (010) 62684288 二四年九月 北京市炜衡律师事务所 关于曙光数据基础设施创新技术(北京)股份有限公司 2024 年第二次临时股东大会的 法律意见书 炜衡(2024)文书字第 BJ7614 号 致:曙光数据基础设施创新技术(北京)股份有限公司 北京市炜衡律师事务所(以下简称"本所")接受曙光数据基础设施创新技 术(北京)股份有限公司(以下简称"公司")的委托,指派高艳敏律师、王帆律 师出席了公司的 2024年第二次临时股东大会,依据《中华人民共和国公司法》 (以下简称"《公司法》")、《中华人民共和国证券法》（以下简称"《证券 法》"）、《上市公司股东大会规则》(以下简称"《股东大会规则》")、《律 师事务所从事证券法律业务管理办法》(以下简称"《管理办法》")、《律师事 务所证券法律业务执业规则(试行)》(以下简称"《执业规则》")等法律法规和规 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage with a current price of 27.44 yuan [1]. Core Insights - The company, Shuguang Data Infrastructure Innovation Technology (Beijing) Co., Ltd., focuses on liquid cooling data center products and has seen significant growth in its cold plate liquid cooling segment, with a revenue increase of 430.66% year-on-year in 2023 [1]. - The liquid cooling technology is becoming a mainstream solution in the industry, with the Chinese liquid cooling data center market projected to grow from 26.09 billion yuan in 2019 to 128.32 billion yuan by 2025, representing a CAGR of 30.41% [1][29]. - The company is actively expanding into overseas markets, having established a wholly-owned subsidiary in Singapore and winning contracts for data center projects in Malaysia [1]. Company Overview - The company was established in January 2002 and is headquartered in Beijing, focusing on the research, development, production, and sales of liquid cooling data center products [5]. - As of August 30, 2024, the controlling shareholder is Shuguang Information Industry (Beijing) Co., Ltd., holding a 62.07% stake, with the actual controller being the Institute of Computing Technology, Chinese Academy of Sciences [1][8]. Industry Analysis - The data center infrastructure industry is regulated by several national authorities, and there is a strong push from government policies to adopt energy-efficient liquid cooling technologies [13]. - The cooling technology landscape includes both air cooling and liquid cooling, with liquid cooling expected to replace traditional air cooling due to increasing power density in data centers [18]. - The report highlights that the liquid cooling market is expected to see substantial growth, with the infrastructure market projected to expand from 6.47 billion yuan in 2019 to 24.53 billion yuan by 2025, reflecting a CAGR of 24.87% [29].

证券代码：872808 证券简称：曙光数创 公告编号：2024-057 曙光数据基础设施创新技术（北京）股份有限公司（以下简称"公司"）监事 会依据《中华人民共和国公司法》《北京证券交易所股票上市规则（试行）》《公 司章程》等有关规定，对公司取消认定核心员工事项进行了核查，发表核查意见 如下： 公司拟取消认定核心员工名单已按规定于 2024 年 8 月 23 日至 2024 年 9 月 2 日进行公示并征求意见，截至公示期满，未有任何个人对公示名单提出异议。公 司监事会认为，拟取消认定核心员工的程序符合法律、法规、公司章程等各项规 定，未发现所包含的信息存在虚假、不符合实际的情况，不存在损害公司及全体 股东利益的情形，同意取消认定 46 名核心员工，经股东大会审议批准后生效。 特此公告。 曙光数据基础设施创新技术（北京）股份有限公司 监事会关于取消认定核心员工事项的核查意见公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 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个 别及连带法律责任。 2024 年 9 月 4 日 曙光数据基础设施创新技术（北京）股份有限公司 监 ...

6.召开情况合法、合规、合章程性说明： 证券代码：872808 证券简称：曙光数创 公告编号：2024-058 曙光数据基础设施创新技术（北京）股份有限公司 第三届监事会第九次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、会议召开和出席情况 5.会议主持人：李可 本次会议的召开符合《公司法》和《公司章程》的有关规定。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 （一）审议通过《关于拟取消核心员工认定》的议案 1.议案内容： 根据公司内部管理规划调整，拟取消核心员工的认定。取消认定核心员工， 不会影响相关员工在公司的任职，公司核心团队稳定，不会对公司业务拓展以及 持续经营产生重大不利影响。具体内容详见公司在北京证券交易所披露平台 （一）会议召开情况 1.会议召开时间：2024 年 9 月 3 日 2.会议召开地点：公司会议室 3.会议召开方式：现场方式 4.发出监事会会议通知的时间和方式：2024 年 8 月 20 日以书面方式发出 （w ...

Group 1: Market Demand and Trends - The main demand for liquid cooling technology comes from the internet, finance, and telecommunications sectors, with significant growth expected in these areas [2] - By 2025, over 50% of telecom projects are projected to utilize liquid cooling technology, as stated in the telecom operators' white paper [2] - The increasing power density of data centers is driving the shift from traditional air cooling to liquid cooling solutions [2] Group 2: Company Performance and Market Position - The company's revenue is primarily affected by project acceptance cycles, with a notable decrease in liquid cooling infrastructure product revenue this period due to implementation delays [3] - As of May 2024, the company has seen a significant increase in project implementation speed, aligning with industry norms, and currently holds more orders than the same period last year [3] - The company aims to capture a significant market share in the liquid cooling sector, focusing on strategic clients despite lower profit margins during the growth phase [7] Group 3: Technical Aspects and Innovations - The company’s immersion phase change liquid cooling technology can handle heat dissipation needs exceeding 500kW, making it suitable for high-density data centers [5] - The average power per cabinet in new data centers is expected to reach 25kW by 2025, with the rise of AI applications further increasing power deployment [5] - The company has developed proprietary cooling fluids, ensuring confidentiality through agreements with production partners [8] Group 4: Profitability and Cost Structure - The gross margin for cold plate liquid cooling products remains low due to the custom nature of projects, where larger orders can dilute costs more effectively [7] - The company anticipates that as the industry matures and market positioning improves, profit margins will significantly increase [7]