Market Performance - The liquid cooling server concept increased by 4.47%, ranking second among concept sectors, with 111 stocks rising [1] - Notable gainers include Chuanhuan Technology with a 20% limit up, Jintian Co., Dongyangguang, and Dayuan Pump Industry also hitting the limit up [1] - The top gainers in the sector were Litong Technology, Oulu Technology, and Sulian Co., with increases of 21.38%, 19.34%, and 15.73% respectively [1] Fund Flow - The liquid cooling server sector saw a net inflow of 842 million yuan, with 69 stocks receiving net inflows, and 13 stocks exceeding 100 million yuan in net inflow [2] - Chuanrun Co. led the net inflow with 442 million yuan, followed by Yingweik, Keshida, and Wangsu Technology with net inflows of 388 million yuan, 332 million yuan, and 331 million yuan respectively [2] Stock Performance - Chuanrun Co. had a daily increase of 9.97% with a turnover rate of 17.34% and a net inflow ratio of 45.54% [3] - Yingweik and Keshida also performed well with increases of 9.60% and 10.00%, and net inflow ratios of 5.72% and 32.30% respectively [3] - Other notable performers included Dongyangguang with a 10.01% increase and a net inflow ratio of 11.45% [3] Decliners - The stocks with the largest declines included China Great Wall, Rike Chemical, and Zhongke Shuguang, with decreases of 1.82%, 0.94%, and 0.59% respectively [1][9] - The overall market sentiment reflected a mixed performance with some sectors experiencing significant gains while others faced declines [2][9]

证券之星消息，8月15日其他电源设备板块较上一交易日上涨5.11%，欧陆通领涨。当日上证指数报收于 3696.77，上涨0.83%。深证成指报收于11634.67，上涨1.6%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 300870 | 欧陆通 | 248.50 | 19.34% | 12.02万 | | 28.01亿 | | 300593 | 新富能 | 19.88 | 13.34% | 48.75万 | | 9.28亿 | | 002364 | 中恒电气 | 20.64 | 10.02% | 59.29万 | | 11.77亿 | | 002518 | 科士达 | 28.82 | 10.00% | - 36.94万 | | 10.28亿 | | 002951 | 金时科技 | 18.40 | 9.98% | 18.85万 | | 3.35 乙 | | 601727 | 上海电气 | 8.78 | 6.17% | 844.38万 | | ...

Core Viewpoint - The liquid cooling sector is experiencing a significant surge in interest and investment, driven by the increasing demand for AI computing power and the need for efficient cooling solutions in data centers [1][5][6]. Group 1: Market Performance - The liquid cooling concept sector has seen a remarkable increase, with a cumulative rise of 139% since last September [2]. - In April, the sector regained momentum, achieving a cumulative increase of over 57% from early April to the present [3]. - Several companies in the liquid cooling space, such as Dayuan Pump Industry and Jintian Co., have experienced consecutive trading gains, indicating strong market interest [1][2]. Group 2: Industry Trends - The global technology giants are heavily investing in AI, leading to a rotation of market hotspots, including liquid cooling technology [5]. - The "cooling revolution" is gaining traction as the cooling challenges in data centers become more pronounced, making liquid cooling a sought-after solution [6]. - As AI chip power consumption increases, the necessity for liquid cooling to manage heat is becoming critical [7]. Group 3: Policy and Market Drivers - Policies are shifting liquid cooling technology from being optional to essential, with specific targets set for energy efficiency in new data centers by 2025 [8]. - The global liquid cooling market is projected to grow from less than $3 billion in 2024 to $21.3 billion by 2030, indicating a robust growth trajectory [8]. Group 4: Investment Opportunities - The market is recognizing a tipping point in the liquid cooling trend, with significant growth expected as AI cluster deployments increase [9]. - Liquid cooling is positioned as a potential next big opportunity in the tech sector, akin to previous trends in optical modules and PCBs [10]. - The liquid cooling industry is characterized by strong growth potential, comprehensive narratives, and favorable risk-reward ratios [10]. Group 5: Industry Structure - The liquid cooling industry can be segmented into three main areas: upstream components, midstream system integration, and downstream applications [11]. - Upstream focuses on the technical core of liquid cooling systems, including cooling fluids and key components, which have high technical barriers and value [11]. - Midstream integrates upstream components to provide complete liquid cooling server solutions, while downstream includes data center operators and industry users driving the adoption of liquid cooling [11].

Core Insights - The battery theme index in China has seen a strong increase of 3.41%, with key stocks such as Keda (科士达) hitting the daily limit up, and other companies like Yalong (阳光电源) and Silver Wheel (银轮股份) also experiencing significant gains [1] - The battery ETF managed by Harvest (嘉实) has shown a 37.75% increase in net value over the past year, with a maximum monthly return of 31.11% since its inception [2] - The solid-state battery sector is gaining attention due to its high energy density and safety, with the industry entering a critical phase of industrialization supported by policy, technological advancements, and growing demand [2] Market Performance - As of August 15, 2025, the battery ETF has a turnover rate of 3.16% and a transaction volume of 9.8276 million yuan [2] - The top ten weighted stocks in the battery theme index account for 51.66% of the index, with Yalong (阳光电源) and CATL (宁德时代) being the top two [3][5] Stock Performance - Key stock performances include: - Yalong (阳光电源) up by 6.88% with a weight of 10.28% - CATL (宁德时代) up by 0.55% with a weight of 9.64% - Sanhua Intelligent Control (三花智控) up by 4.53% with a weight of 6.31% [5] Investment Opportunities - Investors without stock accounts can access the battery industry investment opportunities through the battery ETF Harvest linked fund [7]

8月15日，A股大面积回暖，光伏板块再度异军突起！费率最低档的光伏龙头ETF（516290）爆量大涨近4%，盘中一度涨超4%，成交额放量至4000万元！ 光伏龙头ETF（516290）标的指数成分股多数冲高，捷佳伟创涨超11%，石英股份涨10%，联泓新科、科士达10cm涨停，阳光电源涨超8%，通威股份、晶澳 科技涨超7%，隆基绿能、正泰电器等涨幅居前！ 【光伏龙头ETF（516290）标的指数前十大成分股】 | 序号 | 代码 | 名称 | 申万一级行业 | 涨跌幅 | 历史零额 | 估自权重 ▼ | | --- | --- | --- | --- | --- | --- | --- | | 1 | 300274 | 阳光电源 | 电力设备 | 8.18% | 55.00亿 | 12.28% | | 2 | 601012 | 降其绿能 | 电力设备 | 3.34% | 13.46 Z | 9.36% | | 3 | 000100 | TCL科技 | 电子 | 1.36% | 5.38 Z | 9.12% | | ব | 600089 | 特变电工 | 电力设备 | 1.72% | 4.81亿 | 7.03% ...

Group 1 - The core viewpoint of the news highlights a collective surge in the photovoltaic equipment, solid-state batteries, and liquid-cooled servers sectors, with several stocks such as Quartz Co., Keda, and Lianhong New Energy reaching their daily limit up [1] - The China Securities New Energy Index increased by 2.9%, the Guotai Junan New Energy Battery Index rose by 4%, the China Securities Photovoltaic Industry Index climbed by 4.1%, and the China Securities Shanghai Environmental Exchange Carbon Neutrality Index went up by 1.5% [1] Group 2 - The index focusing on the energy storage sector consists of 50 companies involved in battery manufacturing, energy storage battery inverters, energy storage battery system integration, and battery temperature control and fire protection, which are expected to benefit from future energy development opportunities [3] - The E Fund Photovoltaic ETF tracks the China Securities Photovoltaic Industry Index, which represents a strong future energy sector, comprising 50 representative companies across the upstream, midstream, and downstream of the photovoltaic industry [5] - The E Fund Carbon Neutrality ETF tracks the China Securities Shanghai Environmental Exchange Carbon Neutrality Index [6]

Group 1 - On August 12, a total of 10 companies were investigated by institutions, with 7 companies being surveyed by funds, highlighting a significant interest in certain firms [1] - The most notable company was Aoshikang, which attracted 17 funds for the survey, followed by Sanxin Medical and Wancheng Group with 14 and 12 funds respectively [1] - Among the surveyed companies, 4 were from the Shenzhen main board and 3 from the ChiNext board, indicating a diverse representation across different market segments [2] Group 2 - The total market capitalization of the surveyed companies included 2 with a market cap over 50 billion yuan, and 1 company, Sanxin Medical, with a market cap below 10 billion yuan [2] - In terms of market performance, 6 out of the surveyed stocks increased in value over the past 5 days, with Sanxin Medical leading at a 20.11% increase, followed by Keshida and Wancheng Group with increases of 14.51% and 11.82% respectively [2] - Among the surveyed companies, 3 have released their semi-annual reports, with Sanxin Medical and Shuanghui Development showing the highest net profit growth rates of 8.35% and 1.17% respectively [2]

Investment Rating - The report suggests a positive investment outlook for the AIDC industry, driven by high growth in global capital expenditure and increasing demand for data centers [2][11][18]. Core Insights - The AIDC industry is experiencing a significant transformation towards direct current (DC), high voltage, and high density, with a projected market size of 99.6 billion yuan by 2030, reflecting a CAGR of approximately 50% from 2024 to 2030 [2][68]. - The global AI market is entering a high growth phase, with the market size expected to reach approximately $274.5 billion by 2032, growing at a CAGR of 36% [11]. - Major cloud service providers (CSPs) are significantly increasing their capital expenditures for data center infrastructure, with notable investments from companies like Alibaba and Tencent [17][22]. - The evolution of power supply systems in data centers is shifting from traditional UPS to more efficient HVDC systems, which are expected to dominate the market in the coming years [34][49]. Summary by Sections AIDC Capital Expenditure Growth - Global AIDC capital expenditure is experiencing high growth, with CSPs increasing investments in data centers, leading to a projected total installed capacity of over 100 GW by 2025 [2][18]. - The capital expenditure from domestic CSPs is expected to see explosive growth, with Alibaba's capital expenditure forecasted to increase by 239% in 2024 [17][22]. Power Supply System Evolution - The AIDC is rapidly evolving towards direct current and high voltage systems, with a significant focus on improving power supply efficiency and reducing system costs [34][49]. - The report highlights the transition from traditional UPS systems to HVDC systems, which are expected to enhance energy efficiency and reduce operational costs [49][52]. Market Opportunities - The report identifies new market opportunities in auxiliary power sources such as BBU and supercapacitors, which are becoming standard in AI server configurations [2][4]. - The global server power supply market is projected to reach 147 billion yuan by 2030, with a CAGR of approximately 42% from 2024 to 2030 [2][68]. Competitive Landscape - The competitive landscape for server power supplies is characterized by high barriers to entry, with established players like Delta Electronics and Lite-On Technology dominating the market [81]. - The report emphasizes the importance of customer relationships and technological capabilities as key competitive advantages in the server power supply sector [84][85].

| | 划 | | | | | | --- | --- | --- | --- | --- | --- | | 301022 | 海泰科 | 6 | 1.63 | 5.58 | 37.58 | | 688273 | 麦澜德 | 6 | 1.25 | 6.36 | 54.34 | | 688271 | 联影医 疗 | 7 | 1.18 | 3.50 | -1.61 | | 601628 | 中国人 寿 | 6 | 1.09 | 4.24 | -0.15 | | 002768 | 国恩股 份 | 5 | 0.92 | 7.15 | 7.20 | | 603040 | 新坐标 | 5 | 0.70 | 7.74 | 11.34 | | 002634 | 棒杰股 | 7 | 0.65 | 8.10 | 17.51 | | | 份 | | | | | | 603137 | 恒尚节 | 1 1 | 0.65 | 11.78 | 11.20 | | | 能 | | | | | | 002966 | 苏州银 | 5 | 0.63 | 5.21 | -1.15 | | | 行 | | | | | | 688112 | 鼎阳科 ...

科士达发布投资者关系活动记录表公告称，公司为数据中心基建提供电源、温控、电池等核心设备，在 业绩贡献上是根据不同项目进程时间点逐步体现。从今年一季度来看，数据中心业务增速同比已有提 升，从二季度来看整体依然持续向好，公司对全年保持着乐观预期，未来三五年数据中心整体行业都将 受益于AI发展。AI算力需求激增，对数据中心的建设要求也不断提高，从配套电源设备来看，公司看 好模块化产品、集成化系统的发展趋势。 ...