New Stock Listings - New stock "能之光" (Code: 920056) listed at an issue price of 7.21 on August 22, 2025[1] - "申科股份" (Code: 002633) has a tender offer period from July 29 to August 27, 2025[1] - "抚顺特钢" (Code: 600399) has a tender offer period from August 12 to September 10, 2025[1] Abnormal Fluctuations - "赛诺医疗" (Code: 688108) reported severe abnormal fluctuations on August 19, 2025[1] - "ST苏吴" (Code: 600200) announced abnormal fluctuations on August 21, 2025[1] - "汇嘉时代" (Code: 603101) reported abnormal fluctuations on August 22, 2025[1] Other Notable Announcements - "酒鬼酒" (Code: 000799) reported an announcement on August 21, 2025[1] - "国机精工" (Code: 002046) had an announcement on August 21, 2025[1] - "全柴动力" (Code: 600218) reported an announcement on August 21, 2025[1]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [8]. Core Insights - The company's data center business is performing well, with a positive outlook for the HVDC and liquid cooling technologies. The product matrix includes UPS, precision air conditioning, micro-modules, power modules, and battery systems, serving key industries such as finance, communication, and healthcare [5]. - The storage business is gradually recovering, with a focus on expanding into new markets, particularly in Europe, the Asia-Pacific, and Africa. The European market is showing signs of recovery after a competitive phase [7]. - Revenue forecasts for 2025-2027 are projected at 48.21 billion, 65.20 billion, and 82.15 billion yuan, respectively, with corresponding EPS of 0.96, 1.39, and 1.87 yuan. The current stock price corresponds to PE ratios of 33.7, 23.2, and 17.3 times for the respective years [8]. Summary by Sections Data Center Business - The company has a strong presence in data center infrastructure, with domestic and overseas revenues evenly split. The data center revenue growth has improved in Q1 2025 and is expected to maintain high levels throughout the year [5]. Storage Business - The storage business is recovering, particularly in Europe, and the company is actively exploring new market channels in emerging regions such as the Middle East and Southeast Asia [7]. Financial Projections - The company anticipates a revenue increase from 4.82 billion yuan in 2025 to 8.22 billion yuan in 2027, with a significant recovery in net profit from 559 million yuan in 2025 to 1.09 billion yuan in 2027 [11].

Market Performance - The liquid cooling server concept declined by 2.06%, ranking among the top declines in concept sectors as of the market close on August 21 [1] - Major stocks in the sector, such as Chuanrun Co., Feilong Co., and Tenglong Co., hit the daily limit down, while Huasheng Co., Tongfei Co., and Debang Technology experienced significant declines [1] Sector Comparison - The top-performing concept sectors included combustible ice (+3.12%), digital currency (+2.38%), and cross-border payment (+2.19%), while rare earth permanent magnets and liquid cooling servers were among the worst performers [2] Capital Flow - The liquid cooling server sector saw a net outflow of 8.578 billion yuan, with 97 stocks experiencing outflows, and 36 stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Inspur Information, with 1.487 billion yuan, followed by Industrial Fulian and Lingyi Technology with 1.245 billion yuan and 762 million yuan, respectively [2] Stock Performance - Notable stocks with significant net outflows included Inspur Information (-0.74%), Industrial Fulian (-5.47%), and Lingyi Technology (-7.18%) [2][3] - Conversely, stocks with net inflows included ZTE Corporation (+6.56%), Luxshare Precision (+5.34%), and Keda Technology (+8.36%) [6]

（原标题：电力设备行业8月21日资金流向日报） | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600580 卧龙电驱 | | -10.00 | 19.23 | -126169.30 | | 300274 阳光电源 | | -2.93 | 3.13 | -57123.56 | | 601727 上海电气 | | -1.96 | 2.24 | -39089.12 | | 002245 蔚蓝锂芯 | | -4.16 | 12.72 | -35274.21 | | 301511 德福科技 | | -8.08 | 12.42 | -28751.55 | | 002074 国轩高科 | | -3.10 | 3.54 | -27731.41 | | 300432 富临精工 | | -3.31 | 5.24 | -24639.83 | | 300409 道氏技术 | | -5.06 | 11.94 | -19722.56 | | 300153 科泰电源 | | -7.03 | 16.25 | -18819.93 ...

New Stock Offerings - Shenke Co., Ltd. (002633) has a tender offer period from July 29, 2025, to August 27, 2025[1] - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - Changcheng Military Industry (601606) announced a significant event on August 14, 2025[1] Market Alerts - Dongxin Co., Ltd. (688110) reported severe abnormal fluctuations on August 16, 2025[1] - ST Suwu (600200) has an announcement dated August 21, 2025, regarding market conditions[1] - Yunnan Zhiye (002428) and other companies have recent announcements on August 21, 2025, indicating market activity[1] Financial Performance - ST Jiangsu (600021) reported significant fluctuations on August 20, 2025, with a notable announcement[1] - ST Huanrong (600421) has an announcement dated August 20, 2025, reflecting market conditions[1] - ST Jinhong (000669) reported on August 20, 2025, indicating financial performance concerns[1]

Core Viewpoint - The stock price of Keda fell by 4.27% on August 20, 2025, closing at 32.30 yuan, indicating a decline in market performance [1] Group 1: Stock Performance - As of August 20, 2025, Keda's stock opened at 33.68 yuan, reached a high of 33.68 yuan, and a low of 31.40 yuan, with a trading volume of 565,800 shares and a transaction amount of 1.84 billion yuan [1] - On the same day, Keda's stock experienced a quick rebound at 9:37 AM, increasing over 2% within 5 minutes, with a price of 32.39 yuan and a transaction amount of 526 million yuan [1] Group 2: Fund Flow - On August 20, 2025, the net outflow of main funds was 123 million yuan, accounting for 0.67% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds was 239 million yuan, representing 1.31% of the circulating market value [1] Group 3: Company Overview - Keda operates in the power equipment industry, focusing on the research, production, and sales of uninterruptible power supplies, critical infrastructure for data centers, photovoltaic inverters, and energy storage systems [1] - The company's products are widely used in sectors such as finance, telecommunications, electricity, and rail transportation [1]

证券代码：002518 证券简称：科士达 公告编号：2025-020 深圳科士达科技股份有限公司 关于股价异动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况 深圳科士达科技股份有限公司（以下简称"公司"）股票交易价格连 续3个交易日（2025年8月15日、2025年8月18日、2025年8月19日）收盘 价格涨幅偏离值累计超过20%，根据深圳证券交易所的有关规定，属于股 票交易异常波动的情况。 二、公司关注并核实相关情况 针对公司股票异常波动情况，根据相关规定的要求，公司对有关事项 进行了核查，现就相关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、近期公司经营情况正常，内外部经营环境未发生重大变化； 3、公司未发现近期公共媒体报道了可能或已经对本公司股票交易价 格产生较大影响的未公开重大信息； 4、公司、控股股东和实际控制人不存在关于公司的应披露而未披露 的重大事项，也不存在处于筹划阶段的重大事项； 公司董事会确认，公司目前没有任何根据《深圳证券交易所股票上市 规则》等有关规定应予以披露而未披露的事项 ...

证券之星消息，8月19日其他电源设备板块较上一交易日上涨0.43%，科泰电源领涨。当日上证指数报收 于3727.29，下跌0.02%。深证成指报收于11821.63，下跌0.12%。其他电源设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300153 | 科泰电源 | 47.25 | 10.32% | 88.93万 | 42.22 乙 | | 002518 | 科士达 | 33.74 | 10.01% | 19.81万 | 6.67亿 | | 002364 | 中恒电气 | 24.97 | 10.00% | 142.81万 | 34.73 Z | | 002951 | 金时科技 | 18.70 | 3.77% | - 26.25万 | 4.76/乙 | | 300870 | 欧陆通 | 257.76 | 3.52% | 8.31万 | 20.84亿 | | 300376 | ST易事特 | 4.77 | 1.71% | 42.69万 | 2.05亿 | | 301516 ...

Group 1 - The liquid cooling server concept continues its strong performance from the previous week, with companies such as Runhe Materials, Qiangrui Technology, and Gaolan Co., Ltd. seeing stock increases of over 10% [1] - Prior to this, Chuanrun Co., Ltd. experienced two consecutive trading limit increases, indicating strong market interest [1] - Other companies in the sector, including Yinlun Co., Ltd., Feilong Co., Ltd., Chuanhuan Technology, Yingweideng, and Keda, also saw stock price increases, reflecting a broader trend in the liquid cooling server market [1]

Market Performance - The Shanghai Composite Index rose by 0.83% to close at 3696.77 points, while the Shenzhen Component Index increased by 1.6% to 11634.67 points. The ChiNext Index saw a rise of 2.61% to 2534.22 points, and the STAR 50 Index gained 1.43% to 1101.29 points. The total trading volume in the Shanghai and Shenzhen markets reached 22446.12 billion yuan [1]. Sector Movements - The AI concept stocks showed strong performance, with stocks like Keli Ke hitting the daily limit. The PCB (Printed Circuit Board) sector was also active, with companies such as Zhongcai Technology reaching the daily limit. The robotics sector continued to be strong, with companies like Kosen Technology also hitting the daily limit [1]. Stock Performance - A total of 104 stocks hit the daily limit, with 228 stocks rising over 7%, and 223 stocks increasing between 5% and 7%. Additionally, 627 stocks saw a rise of 3% to 5%, while 3547 stocks increased by 0% to 3%. On the downside, 591 stocks fell by 0% to 3%, and 33 stocks dropped between 3% and 5% [5]. Notable Stocks - Keli Ke (002782.SZ) achieved a daily limit due to its involvement in AI server power supplies and robotics, marking its fifth consecutive limit-up day. Zhongfu Circuit (300814.SZ) also hit the daily limit, driven by PCB and AI applications. Other notable limit-up stocks include Kosen Technology (603626.SH) and Shenyang Yihua (600183.SH), both benefiting from strong earnings growth and AI-related applications [6][7].