Group 1 - As of August 19, 2025, the stock price of Aohai Technology is 50.69 yuan, down 2.65 yuan or 4.97% from the previous trading day [1] - The opening price on the same day was 50.50 yuan, with a highest price of 52.20 yuan and a lowest price of 49.16 yuan, resulting in a trading volume of 227,394 hands and a transaction amount of 1.157 billion yuan [1] - On August 19, at 9:35 AM, Aohai Technology's stock price experienced a rapid rebound, increasing over 2% within 5 minutes, reaching a price of 51.32 yuan with a transaction amount of 164 million yuan [1] Group 2 - Aohai Technology's main business includes the research, production, and sales of smart terminal charging and storage products, which are widely used in smartphones and smart wearable devices [1] - The company is part of the consumer electronics and smart wearable sectors [1] Group 3 - On August 19, the net outflow of main funds was 45.8148 million yuan, accounting for 0.38% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds was 95.2783 million yuan, representing 0.79% of the circulating market value [1]

Summary of Conference Call on Aohai Technology Industry Overview - The AI server power supply industry is experiencing significant changes due to technological upgrades and innovations in server power solutions. The power consumption of server chips has increased dramatically, with the H200 chip's single-chip power rising from 700 watts to 1,200 watts, and server power consumption escalating from 5.5 kW to 30 kW, leading to a surge in demand for liquid cooling and high-voltage direct current (HVDC) power solutions [2][3][4]. Company Performance Aohai Technology - Aohai Technology's server power supply business is rapidly expanding, with projected revenue reaching 6 billion yuan by 2025, including 1 billion yuan from the AI sector. The company has established a strong customer base, including major clients like Alibaba and Xinhua San, and is actively expanding into overseas markets with factories in India, Indonesia, and Vietnam [2][5][10]. - The company is positioned as the second-largest player in the server power supply market, following Oulutong, and is expected to launch high-end products exceeding 5.5 kW [4][13]. - Aohai's current price-to-earnings (P/E) ratio is 24, with expectations to exceed 30 by 2025 and reach 20-25 by 2026 [4][12][16]. Oulutong - Oulutong has shown remarkable growth in its AI server power supply business, with revenues increasing from 1 billion yuan in 2023 to an expected 14 billion yuan by 2025. The company holds a domestic market share of approximately 15%-20% and has secured certifications from major internet companies [2][5][6]. Market Dynamics - Taiwanese manufacturers, historically dominant in the global server power supply market, are facing increasing competition from domestic companies like Oulutong, which are gaining market share through technological innovation and customer expansion [6][8]. - The server power supply industry is projected to benefit from the growth of AI, big data, and cloud computing, with a sustained demand for high-performance servers and the adoption of new cooling and power supply technologies [2][7]. Future Outlook - The global and Chinese server power supply industry is expected to continue its rapid development, driven by the increasing demand for high-performance servers and the proliferation of advanced power supply solutions. Companies with strong technological capabilities and customer resources in China are likely to accelerate their internationalization and capture a larger share of the global market [7][11]. - Aohai Technology is viewed as a potential leading player in the market, with optimistic growth prospects and a strategic focus on expanding its product offerings and customer base [14][17]. Investment Considerations - Investors are encouraged to consider Aohai Technology as a promising investment opportunity, with expectations of significant revenue growth and a potential market capitalization reaching 20 billion yuan. The company is positioned to outperform expectations with its innovative product developments and market expansion strategies [15][18].

Core Viewpoint - The company announced that its stock experienced an abnormal fluctuation, with a cumulative price increase of 20.09% over three consecutive trading days [1] Summary by Relevant Sections - **Stock Performance**: The company's stock closed with a cumulative price increase of 20.09% on August 14, 15, and 18, indicating significant trading activity [1] - **Company Disclosure**: The company confirmed that there were no corrections or supplements needed for previously disclosed information, and no undisclosed significant information was found that could impact stock prices [1] - **Operational Stability**: The company reported that there have been no major changes in its recent operational conditions or external business environment [1]

证券代码：002993 证券简称：奥海科技 公告编号：2025-036 东莞市奥海科技股份有限公司 股票交易异常波动公告 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。 一、股票交易异常波动的情况介绍 东莞市奥海科技股份有限公司（以下简称"公司"）股票（证券简称：奥海科 技，证券代码：002993）于2025年8月14日、8月15日、8月18日连续三个交易日 收盘价格涨幅偏离值累计达到20.09%，根据《深圳证券交易所交易规则》的相关 规定，属于股票交易异常波动的情况。 二、公司关注并核实情况的说明 针对公司股票交易异常波动，公司就相关事项进行了核实，有关情况说明如 下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒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； 3、公司近期经营情况正常及内外部经营环境未发生重大变化； 4、公司、控股股东及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，或处于筹划阶段的重大事项； 5、本次股票异常波动期间，公司控股股东、实际控制人不存在买卖公司股 票的情形。 三、是否 ...

Group 1 - The Google concept sector is experiencing a strong performance, with several stocks reaching their daily limit up [1] - Strong瑞技术 and 奕东电子 have hit the daily limit up, indicating significant investor interest [1] - Other notable stocks with substantial gains include 紫建电子, 捷邦科技, 歌尔股份, 奥海科技, and 精研科技 [1]

Group 1 - The A-share market for consumer electronics stocks showed strong performance, with notable increases in share prices for several companies [1] - Hongfuhuan saw a rise of over 14%, while Aohai Technology hit the 10% limit up, indicating robust investor interest [1] - Other companies such as Feiwo Tai, Goer Tech, Fuliwang, and Lingyi Technology also experienced significant gains, with increases exceeding 8% [1] Group 2 - A detailed table lists various companies along with their stock codes, price changes, total market capitalization, and year-to-date performance [2] - Aokai Ai had a price increase of 14.25% with a total market value of 5.829 billion [2] - Aohai Technology recorded a 9.99% increase, bringing its market cap to 15.1 billion, and a year-to-date increase of 36.97% [2] - Feiwo Tai's stock rose by 8.34%, with a market cap of 6.974 billion and a year-to-date increase of 33.96% [2] - Goer Tech's stock increased by 8.08%, with a market cap of 98.6 billion and a year-to-date increase of 10.19% [2] - Fuliwang's stock rose by 8.01%, with a market cap of 7.202 billion and a remarkable year-to-date increase of 88.10% [2] - Lingyi Technology's stock increased by 8.00%, with a market cap of 76.6 billion and a year-to-date increase of 36.96% [2]

Group 1 - The consumer electronics sector in the A-share market has shown strong performance, with notable gains in several stocks [1] - Hongfuhuan increased by over 14%, while Aohai Technology hit the 10% limit up, indicating robust investor interest [1] - Other companies such as Feiwo Tai, Goer Tech, and Fuliwang also experienced significant increases, with gains exceeding 8% [1] Group 2 - A detailed table lists various companies, their stock codes, percentage increases, total market capitalization, and year-to-date performance [2] - For instance, Aojian Trade (301086) saw a rise of 14.25% with a market cap of 5.829 billion, and a year-to-date increase of 29.62% [2] - Aohai Technology (002993) recorded a 9.99% increase, with a market cap of 15.1 billion and a year-to-date rise of 36.97% [2]

Group 1 - The company, Aohai Technology, stated on August 15 that liquid cooling is a suitable heat dissipation technology for power supply products [1] - The company will select heat dissipation technology solutions based on the specific needs of different products [1] - Currently, the relevant technology is primarily used in the high-power power supply sector [1]

Market Overview - On August 15, the consumer electronics sector rose by 2.46%, with Yidong Electronics leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] Top Gainers - Yidong Electronics (301123) closed at 39.41, up 20.01% with a trading volume of 283,700 shares and a transaction value of 1.025 billion [1] - Yingstone Innovation (688775) closed at 224.42, up 20.00% with a trading volume of 86,800 shares and a transaction value of 1.891 billion [1] - Shenglan Co., Ltd. (300843) closed at 44.92, up 11.35% with a trading volume of 273,900 shares [1] - Boshuo Technology (300951) closed at 37.21, up 11.24% with a trading volume of 149,200 shares and a transaction value of 557 million [1] Top Losers - Darui Electronics (300976) closed at 59.97, down 5.31% with a trading volume of 79,900 shares and a transaction value of 481 million [2] - Heertai (002402) closed at 29.98, down 3.20% with a trading volume of 1,683,900 shares and a transaction value of 5.093 billion [2] - Guoguang Electric (002045) closed at 16.70, down 0.71% with a trading volume of 517,400 shares [2] Capital Flow - The consumer electronics sector experienced a net outflow of 792 million from institutional investors and 376 million from retail investors, while individual investors saw a net inflow of 1.169 billion [2][3] - Notable net inflows from individual investors included Yidong Electronics (301123) with a net outflow of 79.05 million and Yingstone Innovation (688775) with a net outflow of 20.2 million [3]

Group 1 - The stock price of Aohai Technology is reported at 39.98 yuan, down by 0.74 yuan from the previous trading day, with a trading volume of 32,127 hands and a transaction amount of 1.29 billion yuan [1] - Aohai Technology is primarily engaged in the research, development, production, and sales of smart terminal charging and storage products, including chargers and power banks, with business involvement in consumer electronics and smart home sectors [1] - As of July 31, 2025, the number of shareholders of Aohai Technology is 22,200, a decrease of 577 from the previous period, with an average market value of circulating shares held per shareholder at 422,500 yuan [1] Group 2 - On August 7, the net outflow of main funds was 5.29 million yuan, with a cumulative net outflow of 39.15 million yuan over the past five days [2]