9月17日，科泰电源（维权）盘中上涨2.00%，截至09:52，报39.75元/股，成交2.77亿元，换手率 2.23%，总市值127.20亿元。 资金流向方面，主力资金净流入1366.58万元，特大单买入1945.98万元，占比7.02%，卖出1399.93万 元，占比5.05%；大单买入5026.03万元，占比18.13%，卖出4205.50万元，占比15.17%。 （017102）位居第五大流通股东，持股576.68万股，相比上期减少81.21万股。永赢睿信混合A （019431）位居第六大流通股东，持股291.11万股，为新进股东。宏利复兴混合A（001170）位居第七 大流通股东，持股193.72万股，为新进股东。广发多元新兴股票（003745）位居第八大流通股东，持股 177.85万股，为新进股东。宏利成长混合（162201）位居第九大流通股东，持股158.45万股，为新进股 东。香港中央结算有限公司位居第十大流通股东，持股152.88万股，为新进股东。宏利新兴景气龙头混 合A（012382）退出十大流通股东之列。 责任编辑：小浪快报 截至6月30日，科泰电源股东户数6.23万，较上期增加10.2 ...

Investment Rating - The report maintains a "Buy" rating for the power equipment sector [7][18]. Core Insights - The demand for overseas computing power has exceeded expectations, leading to a significant acceleration in the domestic ecosystem [5][6]. - The AI computing infrastructure is experiencing a dual resonance of supply and demand, with the liquid cooling server industry poised for a clear breakout point [15][16]. - Major cloud service providers are expected to invest heavily in liquid cooling technology due to the advanced process of the new generation of chips [5][15]. - The domestic AI industry chain is becoming increasingly competitive, with significant fundraising efforts by leading companies to enhance their capabilities [6][16]. Summary by Sections Investment Viewpoints - The report highlights strong AI beta resonance across various companies, from established overseas firms to domestic players [17]. - The power generation sector is identified as a logical area for growth, with specific recommendations for companies such as KOTAI Power and AIDC leasing firm Hongjing Technology [7][17]. Industry Dynamics - The report notes that the global capital expenditure for data center infrastructure is projected to reach $3-4 trillion over the next five years [15]. - Oracle's latest financial report anticipates a 77% surge in cloud infrastructure revenue, indicating robust market demand [5][15]. - The report also discusses the recent approval of large-scale fundraising by domestic AI companies, which is expected to enhance their competitive edge [6][16]. Key Companies and Earnings Forecast - The report provides a detailed earnings forecast for several companies in the power equipment sector, including: - KOTAI Power (Buy) - Yingweike (Buy) - Macromit (Buy) - Shunling Environment (Buy) - Hewei Electric (Buy) [10][20][19].

Group 1 - The core viewpoint of the news is the performance and financial metrics of KOTAI Power, which saw an 8.07% increase in stock price, reaching 39.50 CNY per share, with a total market capitalization of 12.64 billion CNY [1] - KOTAI Power specializes in the development, design, production, and sales of intelligent environmental power supply equipment, with the majority of its revenue coming from low-noise diesel generator sets, accounting for 88.96% of total revenue [1] - The company was established on June 19, 2002, and went public on December 29, 2010, indicating a long-standing presence in the market [1] Group 2 - The fund "Zhongjia Core Intelligent Manufacturing Mixed A" (009242) holds KOTAI Power as its seventh-largest position, with a net value proportion of 4.62% after reducing its holdings by 3.08 thousand shares [2] - The fund has shown significant performance, with a year-to-date return of 55.83% and a one-year return of 91.08%, ranking 418 out of 8175 and 481 out of 7982 respectively [2] - The fund manager, Zhang Yiran, has been in charge for 4 years and has achieved a best return of 51.61% during his tenure [3]

Group 1 - The core viewpoint of the news is the performance and market position of KOTAI Power, which saw a stock price increase of 5.28% to 37.30 CNY per share, with a total market capitalization of 11.936 billion CNY [1] - KOTAI Power specializes in the development, design, production, and sales of intelligent environmental power supply equipment, with the majority of its revenue coming from low-noise diesel generator sets, accounting for 88.96% of total revenue [1] - The company also provides technical consulting, training, installation, and maintenance services, contributing to its diverse revenue streams [1] Group 2 - From the perspective of fund holdings, KOTAI Power is a significant investment for Jiahe Fund, with its Jiahe Ruijin Mixed A fund increasing its holdings by 23,500 shares, bringing the total to 151,900 shares, which represents 6.41% of the fund's net value [2] - The Jiahe Ruijin Mixed A fund has shown a year-to-date return of 13.97% and a one-year return of 70.75%, indicating strong performance relative to its peers [2] - The fund manager, Tao Diwei, has been in charge for 2 years and 62 days, with the fund's total asset size currently at 80.2078 million CNY [3]

Company Overview - KOTAI Power, established on June 19, 2002, and listed on December 29, 2010, specializes in the development, design, production, and sales of intelligent environmental power supply equipment, providing technical consulting, training, installation, and maintenance services [1][2] - The company's main revenue sources include: 88.96% from low-noise diesel generator sets, 6.68% from installation and labor services, 2.67% from other renewable energy sales, 1.62% from equipment and factory leasing, and 0.06% from other sources [1] Stock Performance - As of September 5, KOTAI Power's stock price increased by 2.00% to 36.14 CNY per share, with a total market capitalization of 11.565 billion CNY [1] - Year-to-date, the stock price has risen by 128.30%, but it has seen a decline of 15.36% over the last five trading days [1] - The stock has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on August 19 [1] Financial Performance - For the first half of 2025, KOTAI Power reported a revenue of 711 million CNY, representing a year-on-year growth of 49.51%, and a net profit attributable to shareholders of 23.994 million CNY, up 35.52% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 226 million CNY, with no dividends paid in the last three years [3] Shareholder Structure - As of June 30, 2025, KOTAI Power had 62,300 shareholders, an increase of 10.21% from the previous period, with an average of 5,108 circulating shares per shareholder, down 9.26% [2] - Notable changes in major shareholders include an increase in holdings by Yongying Digital Economy Mixed Fund and new entries from several funds, while some funds have reduced their holdings [3]

Core Viewpoint - The company, KOTAI Power, stated on September 4th that it has no significant undisclosed matters that need to be reported [2] Company Summary - KOTAI Power responded to investor inquiries on an interactive platform, confirming the absence of any major undisclosed events [2]

证券日报网讯科泰电源9月4日在互动平台回答投资者提问时表示，为应对下游市场需求，公司适当扩充 和规划生产场地，并布局海外产能，进一步提升生产效率和产能水平，以便更好地保证产品交付。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯科泰电源9月4日在互动平台回答投资者提问时表示，近年来，通信和数据中心一直是公司 重要细分市场，2024年度占营业收入比重为79.98%。2025上半年，公司营业收入较上年同比增长 49.51%。 ...

Core Viewpoint - The company, KOTAI Power (300153), currently does not engage in the server power supply business, focusing instead on generator sets that provide independent power supply during power outages or in areas without grid coverage [1] Company Overview - KOTAI Power's core products are generator sets, which serve as backup, mobile, and alternative power sources [1] - The applications of these generator sets are widespread, including data centers, telecommunications, high-end manufacturing, electricity, petrochemicals, transportation, engineering, ports, and shipping industries [1]

8月27日，科泰电源（维权）跌2.31%，成交额24.58亿元。两融数据显示，当日科泰电源获融资买入额 2.27亿元，融资偿还2.57亿元，融资净买入-2988.12万元。截至8月27日，科泰电源融资融券余额合计 5.82亿元。 融资方面，科泰电源当日融资买入2.27亿元。当前融资余额5.82亿元，占流通市值的4.02%。 融券方面，科泰电源8月27日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元。 截至6月30日，科泰电源股东户数6.23万，较上期增加10.21%；人均流通股5108股，较上期减少9.26%。 2025年1月-6月，科泰电源实现营业收入7.11亿元，同比增长49.51%；归母净利润2399.40万元，同比增 长35.52%。 分红方面，科泰电源A股上市后累计派现2.26亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年6月30日，科泰电源十大流通股东中，永赢数字经济智选混合发起A （018122）位居第四大流通股东，持股593.69万股，相比上期增加285.45万股。大摩数字经济混合A （017102）位居 ...