Core Viewpoint - The article emphasizes the critical role of liquid cooling technology in addressing the increasing thermal management challenges faced by data centers due to the rapid advancement of technologies like artificial intelligence and the Internet of Things. Traditional air cooling methods are becoming inadequate, making liquid cooling a key focus for sustainable development in data centers [5]. Summary by Sections Overview of Liquid Cooling Technology - Data centers are evolving towards "high performance, high density, and high energy consumption," with cooling systems accounting for approximately 40% of total energy consumption. Efficient heat dissipation is essential for sustainable development [5]. Company Profiles - **Shenzhen Envicool Technology Co., Ltd.**: Established in 2005, it specializes in precision cooling solutions for data centers and has a diverse product matrix including liquid cooling technologies widely used in high-power density servers [6][7]. - **Guangzhou Gaolan Energy-saving Technology Co., Ltd.**: Founded in 2001, it offers advanced cooling solutions with a focus on liquid cooling technologies, achieving a PUE as low as 1.08 in applications [10][12]. - **Sugon Information Industry Co., Ltd.**: With a comprehensive product system in liquid cooling, it has developed technologies that enhance heat exchange efficiency by over 15% [13][14]. - **Inspur Information**: A global leader in IT infrastructure, it holds a 5.5% market share in the global liquid cooling infrastructure market and has been the top provider in China for four consecutive years [16][17]. - **Ningchang Information Industry (Beijing) Co., Ltd.**: Focused on liquid cooling servers, it has developed a comprehensive system covering all scenarios of liquid cooling [20][22]. - **Sanhua Tongfei Refrigeration Co., Ltd.**: Established in 2001, it specializes in industrial temperature control technology and has developed solutions that significantly reduce energy consumption [24][26]. - **Jiangsu Likang Puting Precision Technology Co., Ltd.**: Founded in 2024, it focuses on efficient and energy-saving cooling solutions for data centers [27][28]. - **Nanjing Jialitu Room Environment Technology Co., Ltd.**: Established in 2003, it provides a full chain of services in environmental control, including liquid cooling solutions [31][33]. - **Kehua Data Co., Ltd.**: With a history dating back to 1988, it has developed liquid cooling solutions that achieve a PUE as low as 1.2 [36][37]. - **Shenzhen Keda Technology Co., Ltd.**: Founded in 1993, it offers comprehensive solutions for data centers, focusing on high-density liquid cooling products [39][40]. - **Guangdong Shenling Environment System Co., Ltd.**: Established in 2000, it provides integrated solutions for environmental control, including innovative liquid cooling systems [42][43]. - **Guangdong Haiwu Technology Co., Ltd.**: Focused on low-carbon solutions, it has developed a full-stack liquid cooling system adaptable to various power densities [46][47]. - **Shenzhen Green Cloud Technology Co., Ltd.**: A subsidiary of Wangsu Technology, it specializes in green data center solutions based on immersion cooling technology [50][51]. - **Yimikang Technology Group Co., Ltd.**: Established in 2002, it aims to lead in zero-carbon data center solutions, with a focus on various liquid cooling technologies [53][54]. - **Yuan Di (Guangzhou) Digital Technology Co., Ltd.**: Founded in 2021, it focuses on innovative liquid cooling products and solutions, achieving significant milestones in various industries [57][58]. - **Sichuan Chuanrun Co., Ltd.**: Established in 1992, it has developed dual technology routes in liquid cooling, achieving a PUE below 1.05 [61][62]. - **Changzhou Hester Technology Co., Ltd.**: With 25 years of experience, it has become a leader in liquid cooling technology, providing solutions for high-performance computing [64][65]. - **Beehe Electric (Taicang) Co., Ltd.**: Founded in 2006, it offers comprehensive thermal management solutions, including liquid cooling products [68][69]. - **Guangzhou Hashi Temperature Control Technology Co., Ltd.**: Established in 2023, it focuses on liquid cooling solutions and has developed a complete technical system for various applications [71][72]. - **Lanyang (Ningbo) Technology Co., Ltd.**: Founded in 2019, it provides comprehensive liquid cooling solutions for various industries, focusing on immersion cooling technology [73][74]. - **Zhejiang Yunchuang Zhida Technology Co., Ltd.**: A subsidiary of Zhejiang Kangsong, it offers customized liquid cooling solutions based on extensive experience in thermal management [77][78]. - **Henan Jingrui Cooling Technology Co., Ltd.**: Established in 2008, it provides solutions for various fields, including data centers [80][81]. - **H3C Group**: Offers high-density liquid cooling solutions to meet the growing performance demands of data centers [84]. Upcoming Events - The sixth Thermal Management Industry Conference and Expo will be held in 2025, focusing on thermal management technologies in data centers and consumer electronics, inviting industry professionals and researchers to participate [88].

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 machine rooms, providing temperature control, energy-saving equipment, and related technical services. The main revenue components are precision air conditioning (66.60%), integrated environmental products (25.26%), maintenance services (6.52%), and others (1.62%) [1]. Stock Performance - As of October 21, Jialituo's stock price increased by 3.32%, reaching 9.03 CNY per share, with a total market capitalization of 4.893 billion CNY. The stock has seen a year-to-date increase of 10.12%, a 5-day increase of 1.35%, a 20-day decrease of 7.76%, and no change 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 -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, the number of Jialituo shareholders was 49,800, 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].

| 证券代码：603912 | 证券简称：佳力图 | 公告编号：2025-107 | | --- | --- | --- | | 转债代码：113597 | 转债简称：佳力转债 | | 南京佳力图机房环境技术股份有限公司 关于公司及子公司使用部分闲置非公开发行股票 募集资金进行现金管理的进展公告 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： 基本情况 | 投资金额 | 万元 14500 | | --- | --- | | 投资种类 | 银行理财 | | 资金来源 | 募集资金 | 已履行及拟履行的审议程序 南京佳力图机房环境技术股份有限公司（以下简称"公司"或"佳力图"） 于 2025 年 4 月 18 日召开 2025 年第三次临时股东大会，审议通过了《关于公司 及子公司使用部分闲置非公开发行股票募集资金进行现金管理的议案》，同意公 司及子公司拟对总额不超过7亿元的闲置非公开发行股票募集资金进行现金管理， 该额度在股东大会审议通过之日起 12 个月内可循环滚动使用。 本次委托理财的资金来源系公司非公开发行股 ...

| 证券代码：603912 | 证券简称：佳力图 | 公告编号：2025-106 | | --- | --- | --- | | 转债代码：113597 | 转债简称：佳力转债 | | 南京佳力图机房环境技术股份有限公司 2025 年第三季度可转债转股结果暨股份变动公告 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。 一、可转债发行上市概况 （一）可转债发行情况 （二）可转债上市情况 经上海证券交易所自律监管决定书〔2020〕270 号文同意，公司本次发行 累计转股情况：截至 2025 年 9 月 30 日，累计已有 2,693,000 元"佳力 转债"转换为公司股份，累计转股股数为 239,115 股，占"佳力转债" 转股前公司已发行股份总额的 0.0561%。 未转股可转债情况：截至 2025 年 9 月 30 日，"佳力转债"尚未转股金 额为 297,307,000 元，占可转债发行总量的 99.1023%。 本季度转股情况："佳力转债"自 2025 年 7 月 1 日至 2025 年 9 月 30 日期间，转股的金额为 ...

| 证券代码：603912 | 证券简称：佳力图 | 公告编号：2025-105 | | --- | --- | --- | | 转债代码：113597 | 转债简称：佳力转债 | | 一、公司及子公司使用非公开发行股票募集资金委托理财基本情况 南京佳力图机房环境技术股份有限公司（以下简称"公司"或"佳力图"） 于 2025 年 4 月 18 日召开 2025 年第三次临时股东大会，审议通过了《关于公 司及子公司使用部分闲置非公开发行股票募集资金进行现金管理的议案》，同意 公司及子公司对总额不超过 7 亿元的闲置非公开发行股票募集资金进行现金管 理，该额度在股东大会审议通过之日起 12 个月内可循环滚动使用，单个理财产 品的投资期限不超过 12 个月，募集资金现金管理到期后归还至募集资金专用账 南京佳力图机房环境技术股份有限公司 关于公司及子公司使用部分闲置非公开发行股票 募集资金进行现金管理到期赎回的公告 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： 基本情况 | 产品名称 | 杭州银行"添利宝"结构性存款 ...

Group 1 - The core viewpoint of the news is that Jialitu's stock has experienced fluctuations, with a recent decline of 2.03% and a total market value of 5.223 billion yuan [1] - Jialitu's stock price has increased by 17.56% year-to-date, but has seen a decline of 1.63% over the last five trading days and 7.31% over the last twenty 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] Group 2 - As of June 30, Jialitu had 49,800 shareholders, a decrease of 1.83% from the previous period, with an average of 10,889 circulating shares per shareholder, an increase of 1.86% [2] - For the first half of 2025, Jialitu reported revenue of 321 million yuan, a year-on-year increase of 32.20%, but a net profit attributable to shareholders of -17.77 million yuan, a decrease of 262.89% [2] Group 3 - Since its A-share listing, Jialitu has distributed a total of 380 million yuan in dividends, with 125 million yuan distributed over the past three years [3]

Core Insights - The company, Jialitu (603912.SH), has developed multiple core technologies, particularly focusing on CPU liquid cooling technology [1] - The main objectives and components of the liquid cooling system development include integration of the liquid cooling system, research on the advantages and disadvantages of cold plate and immersion systems, design of the liquid cooling system, boiling heat transfer research, cooling liquid research, and application studies of the liquid cooling system [1] Product Application - The company's liquid cooling products have already been implemented in various applications, such as in the computer room of National University of Defense Technology, which utilizes a cold plate liquid cooling system [1] - The cooling source for this application consists of three closed cooling towers with a capacity of 325 kW each, and the end configuration includes two 280 kW and two 350 kW cabinet-style CDU units, providing cooling for 37 cabinets, each rated at 20 kW [1] - The end system employs prefabricated stainless steel pipelines [1]

专用结算账户的公告 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。 一、募集资金现金管理专用结算账户的开立情况 证券代码：603912 证券简称：佳力图 公告编号：2025-104 转债代码：113597 转债简称：佳力转债 南京佳力图机房环境技术股份有限公司 关于注销首次公开发行股票募集资金现金管理 为满足南京佳力图机房环境技术股份有限公司（以下简称"公司"）部分闲 置募集资金现金管理的需要，公司在浙商银行股份有限公司盐城分行开立了首次 公开发行股票募集资金现金管理专用结算账户，专用于闲置募集资金现金管理购 买理财产品的结算，具体内容详见公司于 2024 年 10 月 22 日在上海证券交易所 网站（www.sse.com.cn）披露的《关于开立首次公开发行股票募集资金现金管 理专用结算账户的公告》（公告编号：2024-106）。 二、募集资金现金管理专用结算账户的注销情况 截至本公告披露日，公司在浙商银行股份有限公司盐城分行购买的理财产品 已全部到期并赎回，现金管理专用结算账户内的资金已转回募集资金专项账户。 鉴于公司后续 ...

Core Viewpoint - The company, Nanjing Jialitu Machine Room Environment Technology Co., Ltd., has announced the use of idle funds from a non-public stock issuance for cash management, with a total amount not exceeding 700 million RMB, approved by the shareholders' meeting [2][13]. Investment Overview - The purpose of the investment is to improve the efficiency of fund utilization while ensuring the safety of the raised funds and not affecting the normal operation of investment projects [4]. - The total amount for entrusted wealth management by the company and its subsidiaries is 145 million RMB [5]. - The funds for this investment come from temporarily idle funds raised through a non-public stock issuance, which totaled approximately 911.27 million RMB before expenses [6]. Investment Details - The company has established a special account for the management of raised funds, ensuring compliance with regulatory requirements [7]. - As of June 30, 2025, the company has used 151.72 million RMB of the raised funds, accounting for 16.97% of the net amount, with a remaining balance of 783.59 million RMB [8]. Investment Products - The company has invested in structured deposit products with a term of 15 days, using 72.5 million RMB for each product [12]. - The investment products are characterized by high safety, good liquidity, and a capital protection agreement [10]. Risk Management - The company has implemented strict internal controls to manage risks associated with the entrusted wealth management, ensuring that only low-risk investment products are selected [17]. - Independent directors and the supervisory board have the authority to oversee the use of funds and can hire professional institutions for audits if necessary [18]. Impact on the Company - The use of idle funds for cash management is expected to enhance the efficiency of fund utilization and generate investment returns without adversely affecting the company's main business operations or financial status [20].

| 证券代码：603912 | 证券简称：佳力图 | 公告编号：2025-103 | | --- | --- | --- | | 转债代码：113597 | 转债简称：佳力转债 | | 南京佳力图机房环境技术股份有限公司 关于公司及子公司使用部分闲置非公开发行股票 募集资金进行现金管理的进展公告 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： 基本情况 | 投资金额 | 万元 14500 | | --- | --- | | 投资种类 | 银行理财 | | 资金来源 | 募集资金 | 已履行及拟履行的审议程序 南京佳力图机房环境技术股份有限公司（以下简称"公司"或"佳力图"）于 2025 年 4 月 18 日召开 2025 年第三次临时股东大会，审议通过了《关于公司及 子公司使用部分闲置非公开发行股票募集资金进行现金管理的议案》，同意公司 及子公司拟对总额不超过 7 亿元的闲置非公开发行股票募集资金进行现金管理， 该额度在股东大会审议通过之日起 12 个月内可循环滚动使用。 特别风险提示 本次购买的理财产品安全性 ...