Core Viewpoint - Minth Group (00425) has seen a stock price increase of over 4%, currently trading at 37.6 HKD, following the announcement of new orders for AI server immersion cooling cabinets from a Taiwanese AI server manufacturer [1] Group 1: Company Developments - Minth Group's subsidiary, Precision Industry, has received orders for the design, development, and production of AI server immersion cooling cabinets, with technical validation already completed [1] - The first batch of products is expected to be delivered by mid-November 2025 [1] - Additionally, the group has passed technical validation for a splitter from another Taiwanese AI server liquid cooling system manufacturer, with initial product deliveries anticipated by the end of December 2025 [1] Group 2: Market Position and Growth Potential - Minth Group is recognized as a global leader in automotive exterior and body structure components, with a diversified product line including plastic parts, metal and decorative parts, aluminum components, and battery boxes [1] - The traditional business has shown steady growth, while the battery box segment is expected to benefit from the increase in electric vehicle production in Europe, contributing to profit elasticity [1] - The company is actively exploring new markets such as low-altitude, robotics, and AI liquid cooling, which may create a third growth curve [1]

Core Viewpoint - Minth Group (00425.HK) opened over 7% higher and is currently up 7.49%, trading at HKD 37.02 with a transaction volume of HKD 19.37 million [1] Group 1 - The stock price of Minth Group has shown a significant increase, indicating positive market sentiment [1] - The trading volume reflects active investor interest in Minth Group's shares [1]

Core Viewpoint - Minth Group (00425) has seen a significant stock price increase of 7.49%, reaching HKD 37.02, following the announcement of new orders related to AI server immersion cooling cabinets [1] Group 1: Company Developments - Minth Group's subsidiary, Precision Industries, has recently secured orders from a Taiwanese AI server manufacturer for the design, development, and production of immersion cooling cabinets [1] - As of the announcement date, Precision Industries has passed the technical validation for the immersion cooling cabinets required by the client [1] - The related products are expected to begin phased deliveries in mid-November 2025 [1] Group 2: Future Production and Partnerships - The company has also passed the technical validation for a splitter from another Taiwanese AI server liquid cooling system manufacturer and has secured related orders, with the first batch expected to be delivered by the end of December 2025 [1] - The end customer for these products is identified as a global semiconductor enterprise [1] - To meet the delivery requirements of these orders and potential future demands, the company has established a joint venture with Fuman Technology to expand the AI server liquid cooling system business and has built a production facility in Jiaxing [1] - As of the announcement date, the production facility has achieved small batch production capabilities and is expected to reach large-scale production levels by the end of December 2025 [1]

Core Viewpoint - Minth Group (00425) has seen a significant stock price increase of 7.49% following the announcement of new orders for AI server immersion cooling cabinets from a Taiwanese AI server manufacturer, with products expected to be delivered starting in November 2025 [1] Group 1: Orders and Production - Minth Group's subsidiary, Precision Industries, has received orders for the design, development, and production of AI server immersion cooling cabinets, having passed technical validation from the client [1] - The first batch of products is expected to be delivered by mid-November 2025, with another order from a different Taiwanese AI server cooling system manufacturer also confirmed, with initial deliveries anticipated by the end of December 2025 [1] Group 2: Strategic Partnerships and Capacity - To meet the demand for these orders and potential future orders, Minth Group has established a joint venture with Fuman Technology to expand its AI server cooling system business [1] - A production facility has been built in Jiaxing, which currently has small-scale production capabilities and is expected to reach mass production levels by the end of December 2025 [1]

Group 1 - The core point of the article highlights that on October 31, shareholders of Minth Group (00425) deposited shares worth HKD 1.409 billion into BNP Paribas, representing 3.41% of the total [1] - Minth Group announced that on October 24, 2025, it will grant a total of 2.4 million shares as part of its share award plan, which accounts for approximately 0.21% of the total issued shares as of the grant date, excluding treasury shares [1]

敏实集团公布，公司于2025年10月24日根据股份奖励计划授予若干个人所涉总计240万股股份的奖励， 该等股份约占截至授予日期已发行总股数(不包括库存股份)的0.21%。 智通财经APP获悉，香港联交所最新资料显示，10月31日，敏实集团(00425)股东将股票存入法国巴黎银 行，存仓市值14.09亿港元，占比3.41%。 ...

Core Viewpoint - The company has secured orders for AI server immersion liquid cooling cabinets from Taiwanese manufacturers, with deliveries expected to begin in November 2025, indicating a strong demand for AI solutions in the market [1][2] Group 1: Company Developments - The company's subsidiary, Precision Industries, has completed technical validation for immersion liquid cooling cabinets and is set to design, develop, and produce these products according to customer specifications [1] - A joint venture has been established with Forman Technology to expand the AI server liquid cooling system business, with a production facility in Jiaxing already capable of small-batch production and expected to reach mass production by December 2025 [1][2] Group 2: Market Trends and Opportunities - The global AI server liquid cooling system market is anticipated to experience rapid growth due to increasing demand for AI solutions across various industries [2] - The company has a strong foothold in the automotive sector with advanced development and production technologies for battery box structural components and liquid cooling plates, ensuring high-performance and reliable production capabilities [2] - The partnership with Forman Technology, which has over 20 years of experience in liquid cooling system products, is expected to enhance the company's technological capabilities and production efficiency [2]

Core Viewpoint - The company has secured orders for AI server immersion liquid cooling cabinets from Taiwanese manufacturers, with deliveries expected to begin in November 2025, indicating a strong demand for AI solutions in the market [1][2] Group 1: Company Developments - The company's subsidiary, Precision Industries, has completed technical validation for immersion liquid cooling cabinets and is set to design, develop, and produce these products according to customer specifications [1] - A joint venture has been established with Forman Technology to expand the AI server liquid cooling system business, with a production facility in Jiaxing already capable of small-batch production [1] - The company has also passed technical validation for a splitter from another Taiwanese AI server liquid cooling system manufacturer, with the first batch of products expected to be delivered by the end of December 2025 [1] Group 2: Industry Trends - The global AI server liquid cooling system market is anticipated to experience rapid growth due to increasing demand for AI solutions across various industries [2] - The company has established a strong global production capacity in the automotive sector, particularly in battery box structural components and liquid cooling plates, ensuring high-performance and reliable production [2] - The company is actively exploring new growth avenues in emerging fields such as AI, robotics, low-altitude economy, and smart mobility, supported by a long-term partnership with leading Taiwanese server manufacturers [2]

Core Insights - The company has received orders for AI server immersion liquid cooling cabinets from a Taiwanese AI server manufacturer, with deliveries expected to start in mid-November 2025 [1] - The company has also passed technical validation for a splitter from another Taiwanese AI server liquid cooling system manufacturer, with the first batch of products expected to be delivered by the end of December 2025 [1] - The end customer for these products is a global semiconductor enterprise, indicating significant market demand [1] Company Developments - The company has established a joint venture with Fuman Technology to expand its AI server liquid cooling system business and has begun construction of a production facility in Jiaxing, which is expected to reach mass production levels by the end of December 2025 [1][2] - The production facility currently has small batch production capabilities [1] - The company has a strong global production capacity in the automotive sector, particularly in battery box structural components and liquid cooling plates, which supports its high-performance product offerings [2] Market Outlook - The global AI server liquid cooling system market is anticipated to experience rapid growth due to increasing demand for AI solutions across various industries [2] - The company is actively expanding into new sectors and products, focusing on emerging fields such as AI, robotics, low-altitude economy, and smart mobility [2] - The partnership with Fuman Technology, which has over twenty years of experience in liquid cooling system products, is expected to enhance the company's technological capabilities and production efficiency [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 MINTH GROUP LIMITED 敏實集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：425） 釋義 在本公告內，除文義另有所指外，下列詞彙具有以下涵義： | 「AI」 | 指 | 人工智能； | | --- | --- | --- | | 「董事會」 | 指 | 董事會； | | 「本公司」 | 指 | 敏實集團有限公司，一間於開曼群島註冊成立之有限公 | | | | 司，其已發行股份於聯交所主板上市； | | 「董事」 | 指 | 本公司董事； | | 「福曼科技」 | 指 | 無錫市福曼科技有限公司，一間於中國註冊成立之有限 | | | | 公司； | | 「本集團」 | 指 | 本公司及其附屬公司； | | 「中國」 | 指 | 中華人民共和國； | 自願公告 AI服務器液冷產品業務進展 本公告系本公司自願刊發，以使本公司股東及潛在投資者獲悉本集團的最新業務發 展。 董事會欣然 ...