证券代码：002837 证券简称：英维克 公告编号：2025-048 深圳市英维克科技股份有限公司 关于部分股票期权注销完成的公告 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。 深圳市英维克科技股份有限公司（以下简称"公司"或"本公司"）于 2025 年 8 月 18 日召开了第四届董事会第十九次会议和第四届监事会第十九次会议，审议通过了 《关于注销部分股票期权的议案》。根据《上市公司股权激励管理办法》及公司《2022 年股票期权激励计划（草案）》的相关规定以及 2022 年第一次临时股东大会的授权， 2022 年股票期权激励计划中因激励对象离职以及部分激励对象因个人层面年度考核不 合格共 24 名，董事会拟注销其 2022 年股票期权激励计划中已获授但尚未行权的股票 期权 66.3751 万份。具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）、《证券 时报》登载的《关于注销部分股票期权的公告》（公告编号：2025-043）。 公司已向中国证券登记结算有限责任公司深圳分公司（以下简称"中登公司"） 提 交注销上述股票期权的申请，截至本公告披 ...

（原标题：机械设备行业8月21日资金流向日报） 沪指8月21日上涨0.13%，申万所属行业中，今日上涨的有17个，涨幅居前的行业为农林牧渔、石油石化，涨幅分别为1.50%、1.39%。跌幅居前的 行业为机械设备、电力设备，跌幅分别为1.08%、0.98%。机械设备行业位居今日跌幅榜首位。 机械设备行业今日下跌1.08%，全天主力资金净流出82.42亿元，该行业所属的个股共530只，今日上涨的有131只，涨停的有3只；下跌的有392 只，跌停的有2只。以资金流向数据进行统计，该行业资金净流入的个股有157只，其中，净流入资金超5000万元的有8只，净流入资金居首的是神 开股份，今日净流入资金2.39亿元，紧随其后的是中国中车、罗博特科，净流入资金分别为1.49亿元、1.46亿元。机械设备行业资金净流出个股 中，资金净流出超亿元的有22只，净流出资金居前的有英维克、东方精工、利欧股份，净流出资金分别为6.08亿元、5.69亿元、4.82亿元。（数据 宝） 机械设备行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | - ...

Group 1 - The core viewpoint of the article highlights the volatility of the stock of Invec (002837.SZ), which surged to a historical high of 71.6 yuan before experiencing a significant drop of 9.11% to 62.99 yuan shortly after opening [1] - The stock has seen a cumulative increase of 131.6% year-to-date, indicating strong market interest in liquid cooling technology [1] - The announcement by CoreWeave, a major cloud service provider, regarding the deployment of NVIDIA's GB300NVL72 system marks a significant milestone in the liquid cooling server market, as it requires a full liquid cooling design due to its high power output of 120kW per cabinet [1] Group 2 - Since July, the liquid cooling server index has risen over 34%, reflecting growing enthusiasm for this technology within the market [1] - Despite the excitement surrounding liquid cooling servers, there are concerns about potential irrational speculation, suggesting that investors should approach this market trend with caution [1]

Core Viewpoint - The report from Open Source Securities on August 21 recommends a "buy" rating for Invec (002837.SZ, latest price: 64.58 CNY) based on its long-standing collaboration with Intel and significant growth in R&D investment and contract liabilities [2] Group 1 - The company has a long-standing partnership with Intel, with multiple liquid cooling products passing testing and certification [2] - There is a strong emphasis on R&D investment, leading to a substantial increase in product and contract liabilities, indicating accelerated capacity expansion [2] - The report highlights potential risks, including intensified competition in the energy storage temperature control industry and lower-than-expected growth in the volume of air-cooled and liquid-cooled products for data centers [2]

Core Viewpoint - The stock of Invec (002837.SZ) surged to a historical high of 71.6 yuan, marking a year-to-date increase of 131.6%, before experiencing a decline of 9.11% to 62.99 yuan shortly after opening [1] Group 1: Company Performance - Invec's stock price reached a record high of 71.6 yuan, reflecting strong market interest in liquid cooling technology [1] - The stock experienced a significant drop of 9.11% shortly after reaching its peak, indicating volatility in investor sentiment [1] Group 2: Industry Developments - CoreWeave, a US cloud service provider, announced the deployment of the NVIDIA GB300NVL72 system, becoming the first large-scale AI cloud service provider to offer this service [1] - The GB300NVL72 server features a power capacity of 120kW per cabinet, necessitating a full liquid cooling design due to the limitations of traditional air cooling [1] - The liquid cooling server index has increased by over 34% since July, highlighting growing interest in this technology within the market [1] Group 3: Market Sentiment - Despite the enthusiasm surrounding liquid cooling servers, there are concerns about irrational speculation in the market, suggesting a need for cautious investment approaches [1]

Market Overview - A-shares experienced a significant rise on August 21, with the Shanghai Composite Index nearing 3800 points, but later turned negative with over 3400 stocks declining and a trading volume of 2.12 trillion yuan [1][3] - The trading volume in the Shanghai and Shenzhen markets has surpassed 2 trillion yuan for seven consecutive trading days, marking the second occurrence in the last decade [5] Sector Performance - Digital currency stocks surged, with several stocks hitting the daily limit, while oil and gas stocks also showed strength [3] - The liquid cooling concept stocks faced a sharp decline, with multiple stocks hitting the limit down, indicating a market correction [6][7] Liquid Cooling Sector - The liquid cooling server concept gained popularity, with the liquid cooling index rising over 35% since July, but signs of irrational speculation emerged as some companies unrelated to liquid cooling saw significant stock price increases [11] - Major players like CoreWeave and Huawei have adopted liquid cooling technology, setting a trend in the industry [10] - The market correction in the liquid cooling sector was linked to a broader downturn in related stocks, with significant drops observed in companies like Feilong and Tenglong [7][11] Rare Earth Permanent Magnet Sector - The rare earth permanent magnet sector also began to correct, with stocks like Jintian and Beikong approaching limit down [12] Banking Sector - The banking sector showed resilience, with the banking index rising by 0.59% and a year-to-date increase of over 16% [14] - Key banks such as Agricultural Bank and Postal Savings Bank reported gains, reflecting positive sentiment in the sector [14] Foreign Investment Trends - A-shares have attracted increased foreign investment, with 663 companies disclosing mid-year reports and 139 companies seeing QFII investments [17] - Korean investors have significantly increased their holdings in Chinese stocks, with a nearly 30% rise in their total investment [18][21] - Global hedge funds are rapidly buying Chinese stocks, driven by expectations of interest rate cuts and improved geopolitical conditions [22]

Key Points - The main focus of the article is on the significant outflow of capital from specific stocks as of August 21, with the top 20 stocks experiencing the largest withdrawals [1][2] Group 1: Capital Outflow - The stock with the highest capital outflow is Wolong Electric Drive, with a withdrawal of 1.34 billion [1] - Shenghong Technology follows closely with an outflow of 1.29 billion [1] - Other notable stocks with significant outflows include Inspur Information (1.25 billion), Northern Rare Earth (1.23 billion), and Industrial Fulian (0.88 billion) [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Views - The establishment of the Intel Universal Quick Disconnect (UQD) Alliance, with the company as one of the first certified partners, is expected to enhance the liquid cooling ecosystem and reduce total cost of ownership (TCO) for customers [5] - The company is projected to benefit from the ongoing growth in data center construction driven by the demand for high-power computing chips and cabinets, with net profits expected to reach 651 million, 1.097 billion, and 1.519 billion yuan for 2025, 2026, and 2027 respectively [5] - The company has significantly increased its research and development (R&D) investment, with R&D expenses reaching 196 million yuan in the first half of 2025, a year-on-year increase of 36.74% [7] Financial Summary - The company's total revenue is projected to grow from 3.529 billion yuan in 2023 to 12.823 billion yuan in 2027, reflecting a compound annual growth rate (CAGR) of 35.1% [8] - The net profit attributable to the parent company is expected to increase from 344 million yuan in 2023 to 1.519 billion yuan in 2027, with a year-on-year growth rate of 38.6% in 2027 [8] - The company's gross margin is forecasted to stabilize around 30% in the coming years, with a net margin projected to reach 11.8% by 2027 [11]

Core Viewpoint - The liquid cooling sector is experiencing a rapid and severe decline, with significant stock price drops among related companies following a downturn in the US stock market, particularly influenced by Nvidia and Intel's performance [1][2] Group 1: Market Performance - On August 21, liquid cooling server stocks collectively plummeted, with companies like Feilong Co. and Tenglong Co. hitting their daily limit down, while others like Yingweike and Binglun Environment fell over 5% [1] - The liquid cooling server index has seen a cumulative increase of over 35% since July, with several related stocks doubling in price [1] Group 2: Technological Developments - CoreWeave, a US cloud service provider, announced the deployment of Nvidia's GB300NVL72 system, marking the first large-scale AI cloud service to offer this technology, which requires full liquid cooling due to its high power output of 120kW per cabinet [1] - Huawei's Ascend also released a 384-node server cluster utilizing liquid cooling and micro-structured heat conduction, indicating a clear technological direction among leading manufacturers [1] Group 3: Market Sentiment and Future Outlook - Despite the recent sharp adjustments in the sector, institutions remain optimistic about the liquid cooling market, citing the increasing demand for computing power driven by AI model updates and applications [2] - CICC's report predicts that the global AI liquid cooling market could reach $8.6 billion by 2026, highlighting the trend of liquid cooling replacing traditional air cooling as a mainstream solution [2]

Group 1 - The main focus of the article is on the significant outflow of capital from the top 20 stocks as of August 21, with specific amounts listed for each company [1] - The stock with the highest capital outflow is Shenghong Technology, with an outflow of 1.108 billion [1] - Other notable companies with substantial capital outflows include Wolong Electric Drive (-1.014 billion), Industrial Fulian (-0.880 billion), and Inspur Information (-0.858 billion) [1] Group 2 - The total capital outflow from the top 20 stocks indicates a trend of reduced investor confidence in these companies [1] - The data highlights a diverse range of sectors represented among the companies experiencing capital outflows, suggesting broader market implications [1] - The amounts of capital outflow for other companies in the list range from 0.598 billion to 0.404 billion, indicating varying levels of investor sentiment [1]