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].

Core Viewpoint - Nanjing Jialitu Machine Room Environment Technology Co., Ltd. reported significant changes in its financial performance for the first half of 2025, with a notable increase in revenue but a substantial loss in net profit compared to the previous year [1]. Financial Summary - Total assets increased by 15.94% from CNY 3,262,317,104.04 to CNY 3,782,459,546.99 [1]. - Net assets attributable to shareholders decreased by 3.23% from CNY 1,885,134,876.20 to CNY 1,824,172,722.35 [1]. - Operating revenue rose by 32.20% from CNY 242,679,339.61 to CNY 320,826,457.60 [1]. - Total profit showed a drastic decline of 300.10%, moving from a profit of CNY 11,119,292.10 to a loss of CNY 22,250,121.24 [1]. - Net profit attributable to shareholders fell by 262.89%, from CNY 10,910,428.03 to a loss of CNY 17,771,622.73 [1]. - The net profit after deducting non-recurring gains and losses plummeted by 664.45%, from a loss of CNY 25,327,498.20 to a profit of CNY 4,487,103.87 [1]. - The net cash flow from operating activities decreased by 12.36%, from CNY -100,913,604.23 to CNY -89,811,338.79 [1]. - The weighted average return on net assets decreased by 1.54 percentage points, from -0.97% to 0.57% [1]. - Basic earnings per share dropped by 263.18%, from CNY -0.0328 to CNY 0.0201 [1]. - Diluted earnings per share decreased by 258.38%, from CNY -0.0312 to CNY 0.0197 [1]. Shareholder Information - The total number of shareholders as of the report date was 49,756 [1]. - Major shareholders include Nanjing Kaide Investment Co., Ltd. with a 28.91% stake, and Anle Engineering Group Co., Ltd. with a 15.70% stake [2].

Group 1 - The company, Jialitu (603912.SH), reported a revenue of 321 million yuan for the first half of 2025, representing a year-on-year growth of 32.20% [1] - The company experienced a net loss attributable to shareholders of 17.77 million yuan during the same period [1] - The company's net profit excluding non-recurring items was a loss of 25.33 million yuan, with a basic earnings per share of -0.0328 yuan [1]

| 证券代码：603912 | 证券简称：佳力图 | 公告编号：2025-100 | | --- | --- | --- | | 转债代码：113597 | 转债简称：佳力转债 | | 关于召开 2025 年半年度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 8 月 27 日（星期三）至 9 月 2 日（星期二）16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 gaojian@canatal.com.cn（或 xujy@canatal.com.cn）进行提问。公司将在 说明会上对投资者普遍关注的问题进行回答。 南京佳力图机房环境技术股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公 司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 ...

| 证券代码：603912 | 证券简称：佳力图 | 公告编号：2025-099 | | --- | --- | --- | | 转债代码：113597 | 转债简称：佳力转债 | | 1、2017 年首次公开发行股票募集资金情况 经中国证券监督管理委员会证监许可〔2017〕1730 号文核准，并经上海证 券交易所同意，本公司由主承销商海通证券股份公司采用网下向符合条件的投资 者询价配售和网上按市值申购方式，向社会公众公开发行人民币普通股（A 股） 股票 3,700 万股，发行价为每股人民币 8.64 元，共计募集资金 31,968.00 万元， 扣除承销和保荐费用 2,544.91 万元后的募集资金为 29,423.09 万元，已由主承 销商海通证券股份公司于 2017 年 10 月 26 日汇入本公司募集资金监管账户。另 减除审计费、律师费、信息披露费、发行手续费等与发行权益性证券直接相关的 新增外部费用 1,411.98 万元后，公司本次募集资金净额为 28,011.11 万元。上 述募集资金到位情况业经天健会计师事务所（特殊普通合伙）验证，并由其出具 《验资报告》（天健验〔2017〕423 号）。 南 ...