【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇8月20日｜A股市场东数西算板块拉升，其中，浪潮信息(000977)涨停，曙光数创涨超8%，紫光 股份(000938)涨超4%，中科曙光(603019)涨超3%，拓维信息(002261)涨超2%。 (责任编辑：宋政 HN002) ...

Group 1 - The core viewpoint is that the increasing power density of AI chips and servers is driving the transition from air cooling to liquid cooling systems, which are expected to become the dominant solution in the AI era [2][4] - Vertiv predicts that by 2029, the power of a single AIGPU cabinet will exceed 1MW and a single AIPOD will exceed 500kW, posing challenges for cooling systems [2][4] - As rack density rises to 20kW, the advantages of liquid cooling become more pronounced, particularly in terms of energy efficiency and reduced system power consumption [2][4] Group 2 - The liquid cooling market in China is projected to grow by 67.0% year-on-year in 2024, reaching a market size of $2.37 billion, with a CAGR of 46.8% expected from 2024 to 2029 [4][5] - The global AI server liquid cooling market is estimated to reach $3.07 billion in 2025 and $8.58 billion in 2026 [4][5] - The liquid cooling industry is characterized by various technologies, with cold plate liquid cooling leading the way, while immersion and spray cooling are still in the early stages of technological exploration [3][4] Group 3 - The industry chain is rapidly evolving, with upstream components (cold plates, CDU, quick connectors) and midstream players (server manufacturers, solution providers) accelerating their layouts, while downstream cloud providers are adopting liquid cooling at scale [4][5] - Companies such as Vertiv (VRT.US), and others in the supply chain, are recommended for attention due to their technological leadership and active engagement in liquid cooling technology [5]

Market Overview - The Shanghai Composite Index closed at 3740.50 points, above the six-month moving average, with an increase of 1.18% [1] - The total trading volume of A-shares reached 17,467.28 million yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 187 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Jingsai Technology (27.02%) - Haidaer (25.37%) - Huazhi Shumedia (16.28%) [1] Stocks with Smaller Deviation Rates - Stocks that have just crossed the six-month moving average with smaller deviation rates include: - Tianfang Biao - Anning Co. - Tianwei Foods [1] Performance of Selected Stocks - Jingsai Technology: Today's increase of 29.98%, turnover rate of 23.53%, six-month average price of 36.65 yuan, latest price of 46.56 yuan [1] - Haidaer: Today's increase of 30.00%, turnover rate of 24.95%, six-month average price of 47.67 yuan, latest price of 59.76 yuan [1] - Huazhi Shumedia: Today's increase of 20.02%, turnover rate of 8.50%, six-month average price of 9.95 yuan, latest price of 11.57 yuan [1]

Core Viewpoint - The company is actively collaborating with industry partners to advance the application and deployment of full-stack liquid cooling technology, addressing the diverse needs of data centers [1] Group 1: Product Development - The company has launched innovative products including full cold plate liquid cooling servers, cold plate and immersion switches, and liquid cooling cabinets [1] - The company offers various liquid cooling solutions such as box-type immersion liquid cooling, phase change immersion liquid cooling, and G-Flow oil immersion liquid cooling [1] Group 2: Service Offering - The company provides comprehensive product support from design to implementation, along with one-stop service for full lifecycle management [1]

Group 1 - The latest stock price of Unisplendour Corporation is 25.40 yuan, with an increase of 0.28 yuan, representing a rise of 1.11% compared to the previous trading day [1] - The trading volume on the same day was 654,505 hands, with a total transaction amount of 1.657 billion yuan [1] - Unisplendour Corporation is engaged in internet services, covering multiple fields, and is collaborating with industry partners to advance the application and deployment of full-stack liquid cooling technology [1] Group 2 - The company has launched innovative products such as full cold plate liquid cooling servers, cold plate and immersion switches, and liquid cooling cabinets, providing comprehensive product support and services for data centers [1] - On August 15, 2025, the net outflow of main funds from Unisplendour Corporation was 44.9744 million yuan, accounting for 0.06% of the circulating market value [1] - Over the past five days, the cumulative net outflow of main funds reached 64.3246 million yuan, representing 0.09% of the circulating market value [1]

Core Viewpoint - The company aims to enhance its market share in the AI server liquid cooling sector, targeting over 50% by 2025, as the liquid cooling penetration is expected to reach 40% in the same year [2]. Group 1: Company Strategy - The company collaborates closely with industry ecosystem partners to advance the application and deployment of comprehensive liquid cooling technology [2]. - It has adopted a dual approach with both cold plate and immersion cooling technology to meet the diverse needs of data centers [2]. Group 2: Product Offerings - The company has launched a range of innovative products, including full cold plate liquid cooling servers, cold plate and immersion switches, and liquid cooling cabinets [2]. - It also provides various liquid cooling solutions such as box-type immersion cooling, phase change immersion cooling, and G-Flow oil immersion cooling [2]. Group 3: Service and Support - The company offers comprehensive product support from design to implementation, along with one-stop service for full lifecycle management [2].

Core Viewpoint - The company is leveraging its liquid cooling technology to support the construction of intelligent computing centers in Hangzhou, aiming to capture a share of the local market driven by the city's digital trade goals of 440 billion yuan [1] Group 1: Company Strategy - The company offers a comprehensive liquid cooling solution that includes both cold plate and immersion cooling technologies, covering the entire product chain from nodes to data centers [1] - The company has established a full lifecycle service system for data centers, enhancing reliability, energy efficiency, and intelligence [1] - The company is actively involved in the formulation of liquid cooling technology standards and has successful deployment experience in national and local intelligent computing center projects [1] Group 2: Market Engagement - The company plans to collaborate with local enterprises and institutions to provide efficient and green liquid cooling technology support for the construction of intelligent computing centers in Hangzhou [1]

热门ETF方面，聚焦数据安全领域的大数据产业ETF（516700）场内价格盘中涨超2.2%，现涨1.63%，冲击日线4连阳！ 今日（8月14日）国产替代方向强势崛起！国投智能20CM涨停！中科曙光涨超7%获主力资金净流入18亿元，荣登A股吸金榜第二；曙光数创亦涨逾7%，中 国长城、拓尔思、神州泰岳等个股跟涨。 聚焦数据安全领域的大数据产业ETF（516700）被动跟踪中证大数据产业指数，重仓数据中心、云计算、大数据处理等细分领域，权重股汇聚中科曙光、科 大讯飞、紫光股份、浪潮信息、中国长城、中国软件等龙头股，看好科技自主可控方向的投资者，或可重点关注这三方面的催化： 风险提示：大数据产业ETF被动跟踪中证大数据产业指数，该指数基日为2012.12.31，发布于2016.10.18，指数成份股构成根据该指数编制规则适时调整，其 回测历史业绩不预示指数未来表现。本文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何基金的持仓信息和 交易动向。基金管理人评估的该基金风险等级为R3-中风险，适宜平衡型（C3）及以上的投资者，适当性匹配意见请以销售机构为准。任何在本文出现的信 息（包括 ...

Core Insights - As of August 14, 2025, Unisplendour Corporation (紫光股份) closed at 25.12 yuan, down 0.83% with a turnover rate of 2.97% and a trading volume of 849,200 lots, amounting to 2.152 billion yuan in transaction value [1] - The latest quarterly report shows total revenue of 20.79 billion yuan, a year-on-year increase of 22.25%, while net profit attributable to shareholders decreased by 15.75% to 349 million yuan [1] - The company has a current ratio of 1.101, a quick ratio of 0.436, and a debt-to-asset ratio of 82.80% [1] Financial Performance - Total revenue for Q1 2025 was 20.79 billion yuan, reflecting a 22.25% year-on-year growth [1] - Net profit attributable to shareholders was 349 million yuan, down 15.75% year-on-year [1] - Non-recurring net profit was 409 million yuan, showing a year-on-year increase of 19.30% [1] Capital Flow - Main capital outflow today was 41.82 million yuan, accounting for 1.94% of the transaction value [1] - Large orders saw a net outflow of 33.38 million yuan, representing 1.55% of the transaction value [1] - Small orders had a net inflow of 22.97 million yuan, making up 1.07% of the transaction value [1] Company Overview - Unisplendour Corporation was established in 1999 and is based in Beijing, primarily engaged in the manufacturing of computers, communications, and other electronic devices [2] - The company has a registered capital of 28.6 billion yuan and a paid-in capital of 88.8 million yuan [1] - The legal representative of the company is Yu Yingtao [1] Investment and Intellectual Property - The company has made investments in 42 enterprises and participated in 399 bidding projects [2] - It holds 128 trademark registrations and 104 patents, along with 9 administrative licenses [2]

每经AI快讯，有投资者在投资者互动平台提问：半年报业绩利润增长还是下降？ 紫光股份（000938.SZ）8月14日在投资者互动平台表示，公司2025年半年报将于2025年8月30日披露， 请您及时关注。 （记者 王晓波） ...