Core Viewpoint - The automotive marketing industry faces significant challenges, yet the recent awards ceremony highlighted exemplary figures and brands that have successfully navigated these difficulties through innovation and commitment to user engagement [3][20]. Summary by Sections Award Winners - The 12th Jin Xuan Awards recognized one annual figure, two annual brands, and three annual teams, celebrating those who have persevered amidst chaos and competition [6]. - The annual figure award went to Zhu Jiangming, Chairman of Leap Motor, who emphasized the importance of user trust and the company's commitment to high self-research rates [15][22]. - The annual brands awarded were Lantu and Chery, both showcasing their dedication to technology and user experience [11][28]. Annual Brands - Lantu Automotive focuses on user operations and has successfully transformed technical advantages into user-perceived experiences, achieving a ten consecutive month sales increase in 2025 [30]. - Chery's marketing strategy emphasizes deepening technology and user engagement, with impressive sales figures of over 900,000 units in new energy vehicles and 1.34 million exports, maintaining the top export position for 23 consecutive years [12][28]. Annual Teams - The iCAR team at Chery integrates marketing, user feedback, and design from the product's inception, leading to nearly 100,000 sales in 2025 [39]. - The Extreme Fox Automotive team utilizes sports marketing and innovative expressions to resonate with younger audiences, resulting in increased sales and brand reputation [46]. - The AITO team focuses on user co-creation and community engagement, successfully breaking into high-end markets and enhancing brand recognition [50].

Core Viewpoint - The company, Zhongding Co., Ltd. (000887), has announced that its subsidiary, Anhui Zhongding Intelligent Thermal System Co., Ltd., has become a supplier for two domestic liquid cooling system integrators, with a total project value estimated at approximately 15 million yuan [1]. Group 1 - The subsidiary has secured a supply contract for liquid cooling dummy loads [1]. - The total project amount is expected to be around 15 million yuan [1].

Group 1 - The core viewpoint of the article highlights that Zhongding Co., Ltd. has established itself as a supplier for liquid cooling systems, specifically for two domestic liquid cooling system integrators [2] - The total project amount for the liquid cooling system integration is estimated to be approximately 15 million yuan [2] - The company is inquiring about substantial cooperation with leading clients such as Huawei and CATL in the fields of energy storage and supercomputing centers [2]

Core Viewpoint - The article discusses an upcoming investment research seminar focused on the automotive and AI sectors, organized by Guotai Junan Securities, highlighting the importance of these industries in current market trends [1][2]. Group 1: Event Details - The seminar will take place on January 20, 2026, at Guotai Junan's Lujiazui flagship store in Shanghai, featuring a full-day schedule [3]. - The event includes a series of expert talks, starting with a welcome address by the Vice President of the Research and Institutional Business Committee, Lu Ying [5]. - Notable speakers include a professor from Tongji University, experts in intelligent driving detection, and representatives from various automotive companies [5]. Group 2: Participating Companies - The seminar will feature a range of companies, including Altec, Beite Technology, Hengbo Co., Huayi Technology, and Junsheng Electronics, among others [5]. - Additional companies listed for participation include Lotus, Leap Motor, and Ningbo Huaxiang, indicating a diverse representation from the automotive sector [5].

证券代码：000887 证券简称：中鼎股份 公告编号：2026-004 安徽中鼎密封件股份有限公司 关于使用闲置募集资金进行现金管理的进展公告（130） 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 安徽中鼎密封件股份有限公司（以下简称"公司"）于 2025 年 5 月 23 日召开了 2024 年度股东大会，审议通过了《关于使用闲置募集资金和自有资金进行现金管理的 议案》，同意公司使用不超过 2.5 亿元（人民币，币种下同）的闲置募集资金购买保 本型理财产品和不超过 25 亿元的自有资金购买保本和非保本型理财产品、信托产品 和进行委托贷款业务，使用期限为自公司股东大会审议通过之日起至 2025 年年度股 东大会召开之日止。在上述使用期限及额度范围内，资金可以滚动使用。针对上述事 项，公司保荐机构发表了明确的同意意见。具体内容详见 2025 年 4 月 29 日公司在巨 潮资讯网 www.cninfo.com.cn 上披露的相关公告。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准安徽中鼎密封件股份有限公司公开发行可 转换公司债券的批复》（证监许可 ...

Investment Rating - The industry investment rating is "Overweight" and has been maintained from the previous rating [9]. Core Insights - Liquid cooling technology is expected to become the mainstream cooling solution for AIDC due to the increasing demand for AI computing power and the rising power density of server cabinets, which traditional air cooling cannot meet [6][24]. - The global data center liquid cooling component market is projected to reach $15.7 billion by 2027, with a CAGR of 35% from 2025 to 2027 [7][37]. - Automotive parts suppliers are expected to become upstream component suppliers for liquid cooling systems, with several companies having Tier 1 supply capabilities [8]. Summary by Sections AIDC Liquid Cooling Industry Chain and Core Components - The current mainstream solution is cold plate liquid cooling, while immersion liquid cooling offers better efficiency but is limited by high coolant costs [7][29]. - Key components for upgrading include CDU, liquid cooling plates, manifolds, and UQDs, which have a higher value proportion [7][8]. Investment Opportunities for Automotive Parts Suppliers - Automotive parts companies can leverage existing customer bases and strong business capabilities to collaborate with Taiwanese and local manufacturers in the liquid cooling supply chain [8]. - Recommended companies include Yinlun, Minth Group, Feilong, Meilixin, Chuanhuan Technology, Zhongding, Xiangxin Technology, Sulian Technology, and Pengling [8]. Liquid Cooling Technology as the Mainstream Cooling Solution - The average power density of server cabinets is expected to exceed 25 kW by 2025, making traditional air cooling inadequate [24]. - Liquid cooling can achieve a PUE of less than 1.25, aligning with policy directives for energy efficiency [6][19]. Market Size and Growth Projections - The global data center market is projected to reach $128.9 billion by 2025, with a CAGR of 13% from 2019 to 2025 [13]. - The penetration rate of liquid cooling systems in data centers is expected to grow to 30% by 2027 [41]. Key Components and Their Evolution - The evolution of liquid cooling components, particularly the liquid cooling plates and UQDs, is driven by the increasing power requirements of GPUs, with significant upgrades expected in the next generation of GPUs [46][48]. - The design of CDU is also evolving to enhance heat exchange efficiency and prevent leaks, which are critical for the industry's advancement [61][66].

证券代码：000887 证券简称：中鼎股份 公告编号：2026-003 安徽中鼎密封件股份有限公司 关于使用闲置募集资金进行现金管理的进展公告（129） 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 安徽中鼎密封件股份有限公司（以下简称"公司"）于 2025 年 5 月 23 日召开了 2024 年度股东大会，审议通过了《关于使用闲置募集资金和自有资金进行现金管理的 议案》，同意公司使用不超过 2.5 亿元（人民币，币种下同）的闲置募集资金购买保 本型理财产品和不超过 25 亿元的自有资金购买保本和非保本型理财产品、信托产品 和进行委托贷款业务，使用期限为自公司股东大会审议通过之日起至 2025 年年度股 东大会召开之日止。在上述使用期限及额度范围内，资金可以滚动使用。针对上述事 项，公司保荐机构发表了明确的同意意见。具体内容详见 2025 年 4 月 29 日公司在巨 潮资讯网 www.cninfo.com.cn 上披露的相关公告。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准安徽中鼎密封件股份有限公司公开发行可 转换公司债券的批复》（证监许可 ...

Core Viewpoint - Zhongding Company is focusing on intelligent chassis and has promising prospects in the robotics business, leveraging its expertise in sealing and damping technology to enhance its high-end product offerings and market share [1] Group 1: Business Strategy - The company adopts a "global acquisition, China integration" strategy, which, combined with the rapid development of the domestic new energy vehicle market, is driving an increase in the proportion of high-margin domestic business [1] - The company is enhancing the refined management of overseas factories, controlling costs, and localizing operations, indicating potential for improved profitability [1] Group 2: Market Position and Growth - Zhongding Company has a stable growth in its cash cow business, with a steady increase in market share [1] - The company is positioned as a leading player in the robotics sector, benefiting from favorable policies and industrial clusters in Anhui Province, which may help establish competitive barriers [1] Group 3: Future Prospects - The company is proactively laying out potential businesses in robotics and liquid cooling, indicating a forward-looking approach to market opportunities [1] - The company has been rated as "outperforming the industry" with a target price of 28.51 yuan [1]

Group 1 - The core viewpoint of the article highlights the target price increases for several listed companies, with significant growth percentages noted for New Qianglian, Pudong Development Bank, and Angel Yeast, indicating strong market confidence in these sectors [1][2]. - New Qianglian has a target price increase of 35.75%, with a highest target price set at 60.00 CNY, categorized under the wind power equipment industry [2]. - Pudong Development Bank shows a target price increase of 33.45%, with a highest target price of 15.00 CNY, classified in the joint-stock banking sector [2]. - Angel Yeast has a target price increase of 27.12%, with a highest target price of 55.55 CNY, belonging to the seasoning and fermentation products industry [2]. Group 2 - On January 14, a total of 17 listed companies received broker recommendations, with Dongpeng Beverage receiving the highest number of recommendations at 3, followed by Pudong Development Bank with 2 [3]. - Dongpeng Beverage's closing price was 264.68 CNY, and it is categorized in the beverage and dairy industry [3]. - Pudong Development Bank's closing price was 11.24 CNY, and it is classified under the joint-stock banking sector [3]. Group 3 - On January 14, two companies received their first coverage from brokers, with Lingge Technology rated "Overweight" and Helin Micro-Nano rated "Buy" by Huayuan Securities [4][5]. - Lingge Technology is categorized under specialized equipment, while Helin Micro-Nano is classified in the semiconductor industry [5].

证券代码：000887 证券简称：中鼎股份 公告编号：2026-002 安徽中鼎密封件股份有限公司 关于控股股东部分股份解除质押及再质押的公告 | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本次解除 | 本次解除 | | | 情况 | | 情况 | | | 股东 | 持股数量 | 持股 | 质押及再质 | 质押及再质 | 占其所 | 占公司 | 已质押 | 占已 | 未质押 | 占未 | | 名称 | （股） | 比例 | 押前质押 | 押后质押 | 持股份 | 总股本 | 股份限 | 质押 | 股份限 | 质押 | | | | | 股份数量 | 股份数量 | 比例 | 比例 | 售和冻 | 股份 | 售和冻 | 股份 | | | | | （股） | （股） | | | 结、标 | | | | | | | | | | | | | 比例 | 结数量 | 比例 | | | | | | | | | 记数量 | | | | | 中鼎 集团 | ...