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： 南京佳力图机房环境技术股份有限公司（以下简称"公司"）于 2025 年 9 月 3 日（星期三）下午 15:00-16:00，通过上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/）以网络互动方式召开了"南京佳力图机房环境技 术股份有限公司 2025 年半年度业绩说明会"，就公司 2025 年半年度的经营情况、 财务状况等相关情况与投资者进行充分的交流和沟通。 一、本次业绩说明会召开情况 公司于 2025 年 8 月 26 日通过上海证券交易所官网（http://www.sse.com.cn） 披露了《关于召开 2025 年半年度业绩说明会的公告》（公告编号：2025-100）， 并 通 过 上 证 路 演 中 心 网 站 首 页 " 提 问 预 征 集 " 栏 目 （https://roadshow.sseinfo.com/preCallQa）和邮件方式提前征集投资者所关注 的问题。 公司于 2025 年 9 月 3 ...

Group 1 - On August 29, Jialitu completed a block trade of 250,000 shares, with a transaction value of 2.36 million yuan, accounting for 1.05% of the total trading volume for that day [1] - The transaction price was 9.44 yuan, which represents a discount of 6.35% compared to the market closing price of 10.08 yuan [1]

Company Overview - Jialituo, established on August 26, 2003, is located in Jiangning Economic and Technological Development Zone, Nanjing, Jiangsu Province. The company specializes in precision environmental control for data center rooms, providing temperature control, energy-saving equipment, and related technical services. The main revenue composition includes precision air conditioning (57.06%), integrated environmental products (34.43%), maintenance services (4.57%), and others (3.93%) [1]. Stock Performance - As of August 28, Jialituo's stock price decreased by 2.05%, trading at 10.03 CNY per share, with a total market capitalization of 5.435 billion CNY. The stock has increased by 22.32% year-to-date, with a recent decline of 2.90% over the last five trading days, a 7.50% increase over the last 20 days, and a 10.95% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent occurrence on May 9 [1]. Financial Performance - For the first half of 2025, Jialituo reported a revenue of 321 million CNY, reflecting a year-on-year growth of 32.20%. However, the net profit attributable to shareholders was a loss of 17.77 million CNY, a significant decrease of 262.89% compared to the previous period [2]. - Since its A-share listing, Jialituo has distributed a total of 380 million CNY in dividends, with 125 million CNY distributed over the past three years [3]. Shareholder Information - As of June 30, Jialituo had 49,800 shareholders, a decrease of 1.83% from the previous period. The average number of circulating shares per shareholder increased by 1.86% to 10,889 shares [2].

Core Viewpoint - The recent financial report of Jialitu (603912) shows a significant increase in revenue but a drastic decline in net profit, indicating potential operational challenges and financial strain. Financial Performance Summary - Total revenue for the first half of 2025 reached 321 million yuan, a year-on-year increase of 32.2% compared to 243 million yuan in 2024 [1] - Net profit attributable to shareholders was -17.77 million yuan, a decline of 262.89% from a profit of 10.91 million yuan in the previous year [1] - In Q2 2025, revenue was 185 million yuan, up 44.03% year-on-year, while net profit was -4.94 million yuan, down 157.61% [1] - Gross margin decreased to 16.92%, down 44.42% year-on-year, and net margin fell to -5.54%, a drop of 223.53% [1] - Total expenses (selling, administrative, and financial) amounted to 56.47 million yuan, accounting for 17.6% of revenue, an increase of 7.75% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents increased by 53.73% to 1.227 billion yuan [1] - Accounts receivable rose by 8.47% to 356 million yuan, with accounts receivable to net profit ratio at 992.23% [1][13] - Interest-bearing liabilities increased by 23.98% to 1.383 billion yuan [1] Cash Flow and Debt Analysis - Operating cash flow per share was -0.19 yuan, a decrease of 12.35% year-on-year [1] - The company’s cash flow situation is concerning, with a three-year average operating cash flow to current liabilities ratio of only 1.19% [12][13] - The interest-bearing debt ratio reached 36.58%, indicating a high level of leverage [13] Operational Insights - The increase in revenue is attributed to a rise in orders, while the increase in operating costs is linked to the operational costs of the Kaide Youyun data center and a decline in product gross margins [11] - The company’s return on invested capital (ROIC) was only 1.55%, significantly below the historical median of 12.27% since its listing [11]

Core Viewpoint - The company, Jialitu (603912.SH), has announced its current technological reserves include both air cooling and liquid cooling technologies, with a focus on developing CPU liquid cooling technology [1] Group 1: Liquid Cooling Technology Development - The main objectives and content of the liquid cooling technology development include the integration of liquid cooling systems [1] - Research on the advantages and disadvantages of cold plate and immersion systems is part of the development process [1] - The design of liquid cooling systems is a key focus area [1] - Research on boiling heat transfer is included in the development goals [1] - Studies on cooling liquid cooling are also part of the company's research efforts [1] - Application research for liquid cooling systems is being conducted [1]

Group 1 - The core viewpoint of the article is that Jialitu (603912.SH) has established a significant relationship with Huawei, providing energy-saving temperature control equipment for data centers [1] - As of June 30, 2025, the company has an order backlog amounting to 976.5265 million yuan [1]

Company Overview - Jialituo, established on August 26, 2003, is located in Jiangning Economic and Technological Development Zone, Nanjing, Jiangsu Province. The company specializes in precision environmental control for data center rooms, providing temperature control, energy-saving equipment, and related technical services. The main revenue components are precision air conditioning (57.06%), integrated environmental products (34.43%), maintenance services (4.57%), and others (3.93%) [1]. Stock Performance - As of August 26, Jialituo's stock price increased by 2.09%, reaching 10.76 CNY per share, with a trading volume of 155 million CNY and a turnover rate of 2.69%. The total market capitalization is 5.83 billion CNY [1]. - Year-to-date, Jialituo's stock price has risen by 31.22%, with a recent decline of 2.98% over the last five trading days, a 15.70% increase over the last 20 days, and a 22.83% increase over the last 60 days [1]. Financial Performance - For the first half of 2025, Jialituo reported a revenue of 321 million CNY, reflecting a year-on-year growth of 32.20%. However, the net profit attributable to shareholders was -17.77 million CNY, a significant decrease of 262.89% compared to the previous period [2]. - Since its A-share listing, Jialituo has distributed a total of 380 million CNY in dividends, with 125 million CNY distributed over the last three years [3]. Shareholder Information - As of June 30, Jialituo had 49,800 shareholders, a decrease of 1.83% from the previous period. The average number of tradable shares per shareholder increased by 1.86% to 10,889 shares [2]. Market Position - Jialituo is classified under the machinery equipment sector, specifically in general equipment and refrigeration and air conditioning equipment. The company is associated with concepts such as 5G, specialized and innovative enterprises, small-cap stocks, digital energy, and the East Data West Computing initiative [1].

Core Insights - The company, Jialitu (603912.SH), reported a total operating revenue of 321 million yuan for the first half of 2025, marking an increase of 78.15 million yuan compared to the same period last year, representing a year-on-year growth of 32.20% [1] - The net profit attributable to shareholders was -17.77 million yuan, indicating a loss [1] - The net cash flow from operating activities was -101 million yuan [1] Financial Metrics - The latest debt-to-asset ratio stands at 51.76% [3] - The latest gross profit margin is 16.92% [3] - The return on equity (ROE) is -0.97% [3] - The diluted earnings per share (EPS) is -0.03 yuan [3] - The total asset turnover ratio is 0.09 times, an increase of 0.02 times compared to the same period last year, reflecting a year-on-year growth of 20.34% [3] - The inventory turnover ratio is 0.58 times, which is an increase of 0.19 times compared to the same period last year, representing a year-on-year growth of 47.07% [3] Shareholder Structure - The number of shareholders is 49,800, with the top ten shareholders holding a total of 275 million shares, accounting for 50.73% of the total share capital [3] - The largest shareholder is Nanjing Kaide Investment Co., Ltd., holding 28.91% [3] - The second-largest shareholder is Anle Engineering Group Co., Ltd., holding 15.70% [3]

Group 1 - The board of directors of Nanjing Jialitu Machine Room Environment Technology Co., Ltd. held its 11th meeting of the 4th session on August 22, 2025, with all 9 members present, including 5 via remote voting [1][2] - The board approved the company's 2025 semi-annual report, which was prepared in accordance with relevant regulations and guidelines [1][2] - The board also approved the special report on the storage and actual use of raised funds for the first half of 2025, which complies with regulatory requirements [2]

Meeting Overview - The fourth meeting of the supervisory board of Nanjing Jialitu Machine Room Environment Technology Co., Ltd. was held on August 22, 2025, with all five supervisors present, including one via remote voting [1][2]. Financial Reporting - The supervisory board approved the company's 2025 semi-annual report, confirming that the preparation and review processes complied with relevant laws, regulations, and internal management systems, ensuring the report accurately reflects the company's financial status and operational results [2][3]. - The voting results for the approval of the semi-annual report were unanimous, with 5 votes in favor and no votes against or abstentions [2]. Fund Utilization Report - The supervisory board also approved the special report on the storage and actual use of raised funds for the first half of 2025, stating that it accurately reflects the company's fundraising usage and complies with regulatory requirements [3]. - The report confirmed that there were no violations in the use of raised funds and that there were no changes or disguised changes in the direction of the funds that could harm shareholder interests, with unanimous approval from the board [3].