广州高澜节能技术股份有限公司 2025 年第三季度报告 广州高澜节能技术股份有限公司 2025 年第三季度报告 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。 1 广州高澜节能技术股份有限公司 2025 年第三季度报告 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）声明：保证 季度报告中财务信息的真实、准确、完整。 证券代码：300499 证券简称：高澜股份 公告编号：2025-041 3.第三季度财务会计报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 170,030,185.72 | 115.10 ...

证券代码：300499 证券简称：高澜股份 公告编号：2025-042 欢迎广大投资者积极参与本次网上业绩说明会。 特此公告。 广州高澜节能技术股份有限公司（以下简称"公司"）2025年第三季度报告 已于2025年10月25日披露。为便于广大投资者进一步了解公司2025年第三季度报 告及经营情况，公司定于2025年10月30日（星期四）15:00-16:00在价值在线举行 2025年第三季度网上业绩说明会，本次业绩说明会将采用网络远程的方式举行， 投资者可登录价值在线（www.ir-online.cn）参与本次业绩说明会。 出席本次说明会的人员有：公司董事长李琦先生，总经理、财务总监关胜利 先生，董事会秘书王杨阳女士，独立董事宋小宁先生。 为充分尊重投资者，提升本次交流的针对性，现就公司2025年第三季度网上 业绩说明会提前向投资者征集问题，广泛听取投资者意见和建议。欢迎广大投资 者于2025年10月28日（星期二）15:00前将您所关注的问题通过电子邮件的形式 发送至公司邮箱（ir@goaland.com.cn），也可访问网址（https://eseb.cn/1swI16od ahy）或使用微信扫描下方小程 ...

一、董事会会议召开情况 1. 本次董事会由董事长李琦先生召集，会议通知于 2025 年 10 月 17 日以专 人送达、电子邮件、电话等方式发出。 2. 本次董事会于 2025 年 10 月 24 日在公司四楼大会议室以现场结合通讯方式 召开并表决。 3. 本次董事会应到董事 6 名，实际出席董事 6 名。 证券代码：300499 证券简称：高澜股份 公告编号：2025-040 广州高澜节能技术股份有限公司 第五届董事会第八次会议决议公告 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。 本议案已经公司第五届董事会审计委员会第十二次会议审议通过。具体内容 详见同日公司在巨潮资讯网（http://www.cninfo.com.cn）上披露的《2025年第三 季度报告》（公告编号：2025-041）。 表决结果：同意 6 票，反对 0 票，弃权 0 票。 4. 本次董事会由董事长李琦先生主持，公司高管列席董事会。 5. 本次董事会会议的召集、召开和表决程序符合有关法律、行政法规、部 门规章、规范性文件和《公司章程》的规定，合法有效。 二、董事会会议审议情况 1.审议 ...

Core Insights - The company reported a third-quarter revenue of 170 million, representing a year-on-year increase of 115.10% [1] - The net profit for the third quarter was 11.3 million, showing a year-on-year growth of 170.93% [1] - For the first three quarters, the total revenue reached 588 million, which is a 62.52% increase compared to the same period last year [1] - The net profit for the first three quarters amounted to 34.23 million, reflecting a significant year-on-year increase of 293.98% [1]

Core Viewpoint - The article emphasizes the critical role of liquid cooling technology in addressing the increasing thermal management challenges faced by data centers due to the rapid advancement of technologies like artificial intelligence and the Internet of Things. Traditional air cooling methods are becoming inadequate, making liquid cooling a key focus for sustainable development in data centers [5]. Summary by Sections Overview of Liquid Cooling Technology - Data centers are evolving towards "high performance, high density, and high energy consumption," with cooling systems accounting for approximately 40% of total energy consumption. Efficient heat dissipation is essential for sustainable development [5]. Company Profiles - **Shenzhen Envicool Technology Co., Ltd.**: Established in 2005, it specializes in precision cooling solutions for data centers and has a diverse product matrix including liquid cooling technologies widely used in high-power density servers [6][7]. - **Guangzhou Gaolan Energy-saving Technology Co., Ltd.**: Founded in 2001, it offers advanced cooling solutions with a focus on liquid cooling technologies, achieving a PUE as low as 1.08 in applications [10][12]. - **Sugon Information Industry Co., Ltd.**: With a comprehensive product system in liquid cooling, it has developed technologies that enhance heat exchange efficiency by over 15% [13][14]. - **Inspur Information**: A global leader in IT infrastructure, it holds a 5.5% market share in the global liquid cooling infrastructure market and has been the top provider in China for four consecutive years [16][17]. - **Ningchang Information Industry (Beijing) Co., Ltd.**: Focused on liquid cooling servers, it has developed a comprehensive system covering all scenarios of liquid cooling [20][22]. - **Sanhua Tongfei Refrigeration Co., Ltd.**: Established in 2001, it specializes in industrial temperature control technology and has developed solutions that significantly reduce energy consumption [24][26]. - **Jiangsu Likang Puting Precision Technology Co., Ltd.**: Founded in 2024, it focuses on efficient and energy-saving cooling solutions for data centers [27][28]. - **Nanjing Jialitu Room Environment Technology Co., Ltd.**: Established in 2003, it provides a full chain of services in environmental control, including liquid cooling solutions [31][33]. - **Kehua Data Co., Ltd.**: With a history dating back to 1988, it has developed liquid cooling solutions that achieve a PUE as low as 1.2 [36][37]. - **Shenzhen Keda Technology Co., Ltd.**: Founded in 1993, it offers comprehensive solutions for data centers, focusing on high-density liquid cooling products [39][40]. - **Guangdong Shenling Environment System Co., Ltd.**: Established in 2000, it provides integrated solutions for environmental control, including innovative liquid cooling systems [42][43]. - **Guangdong Haiwu Technology Co., Ltd.**: Focused on low-carbon solutions, it has developed a full-stack liquid cooling system adaptable to various power densities [46][47]. - **Shenzhen Green Cloud Technology Co., Ltd.**: A subsidiary of Wangsu Technology, it specializes in green data center solutions based on immersion cooling technology [50][51]. - **Yimikang Technology Group Co., Ltd.**: Established in 2002, it aims to lead in zero-carbon data center solutions, with a focus on various liquid cooling technologies [53][54]. - **Yuan Di (Guangzhou) Digital Technology Co., Ltd.**: Founded in 2021, it focuses on innovative liquid cooling products and solutions, achieving significant milestones in various industries [57][58]. - **Sichuan Chuanrun Co., Ltd.**: Established in 1992, it has developed dual technology routes in liquid cooling, achieving a PUE below 1.05 [61][62]. - **Changzhou Hester Technology Co., Ltd.**: With 25 years of experience, it has become a leader in liquid cooling technology, providing solutions for high-performance computing [64][65]. - **Beehe Electric (Taicang) Co., Ltd.**: Founded in 2006, it offers comprehensive thermal management solutions, including liquid cooling products [68][69]. - **Guangzhou Hashi Temperature Control Technology Co., Ltd.**: Established in 2023, it focuses on liquid cooling solutions and has developed a complete technical system for various applications [71][72]. - **Lanyang (Ningbo) Technology Co., Ltd.**: Founded in 2019, it provides comprehensive liquid cooling solutions for various industries, focusing on immersion cooling technology [73][74]. - **Zhejiang Yunchuang Zhida Technology Co., Ltd.**: A subsidiary of Zhejiang Kangsong, it offers customized liquid cooling solutions based on extensive experience in thermal management [77][78]. - **Henan Jingrui Cooling Technology Co., Ltd.**: Established in 2008, it provides solutions for various fields, including data centers [80][81]. - **H3C Group**: Offers high-density liquid cooling solutions to meet the growing performance demands of data centers [84]. Upcoming Events - The sixth Thermal Management Industry Conference and Expo will be held in 2025, focusing on thermal management technologies in data centers and consumer electronics, inviting industry professionals and researchers to participate [88].

Core Viewpoint - The establishment of a wholly-owned subsidiary in the United States by the company aims to meet the order demands related to computing power in North America, enhancing its overseas operational platform and service efficiency [2] Group 1 - The company has set up a wholly-owned subsidiary in the United States to handle orders related to computing power in the North American region [2] - This move is intended to facilitate the expansion into the North American and global markets [2] - The establishment of the subsidiary will improve the company's responsiveness and support capabilities for overseas projects [2] Group 2 - The company addressed inquiries regarding its liquid cooling products and their availability for U.S. customers, indicating that details should be confirmed through official announcements [2] - There are rumors about a collaboration with Luxshare Precision for supplying liquid cooling products to NVIDIA, but the company advises to refer to official announcements for confirmation [2]

格隆汇10月20日丨高澜股份(300499.SZ)在投资者互动平台表示，公司目前暂未涉及固态电池领域，公 司将密切关注新领域的研究进展动态，持续探索公司产品的应用。 ...

Summary of AI Industry Conference Call Industry Overview - The AI chip demand is surging, driving the development of the industry chain, with major players like Meta and Google accelerating their ASIC chip deployments and repeatedly raising their demand forecasts for 2026, particularly with Google's V7 chip set to fully adopt liquid cooling technology [1][2] Key Points and Arguments - **Liquid Cooling Technology**: - Liquid cooling has become a standard for AI giants, with Google planning to fully adopt it by 2026 and Meta already implementing it in their self-developed chips [1][3] - Infinet is collaborating with Google to develop a universal CDU suitable for various ASIC chips, indicating a trend towards silent liquid cooling in the future [1][4] - **High-Speed Optical Modules**: - The evolution towards 1.6T optical modules is evident, with Google's V7 chip primarily utilizing this technology, benefiting leading companies like Zhongji Xuchuang and Xinyi Sheng [1][5] - The demand for CW light sources is also increasing, positively impacting companies like Yuanjie Technology [1][5] - **OCS Switches**: - Google's OCS switches are expected to achieve over 50% growth next year, benefiting manufacturers like Dekoli and Guangku Technology, as well as component suppliers like Tengjing Technology and Juguang Technology [1][6] - **Competitive Advantages**: - Infinet stands out in the global AI industry chain due to its comprehensive solutions and delivery capabilities, having secured clients like Intel, Meta, Google, and OpenAI [1][7][8] - Zhongji Xuchuang and Xinyi Sheng are recognized as leaders in the high-speed optical module sector, while Yuanjie Technology is a key supplier in the CW light source market [1][8] Additional Insights - **Market Dynamics**: - The global AI industry chain is accelerating, particularly in overseas markets, with OpenAI collaborating with major chip companies like Broadcom, AMD, and NVIDIA, creating a significant siphoning effect [2] - The domestic AI computing card market is currently facing a supply shortage, but improvements are expected in 2026, with major domestic players like Alibaba, ByteDance, and Tencent likely to increase their AI investments significantly [11] - **Emerging Technologies**: - The supernode technology is anticipated to explode in 2026, presenting opportunities across various sectors, including chips, machine manufacturing, optical modules, liquid cooling, copper connections, and server power supplies [12][13] - **AIDC Sector Outlook**: - The AIDC sector, which includes data center construction and power systems, is expected to see improved bidding progress as domestic chip supply increases in 2026, benefiting companies in cooling, power supply, and data center management [14] - **Market Volatility**: - Short-term market fluctuations due to tariff disturbances are not expected to alter the long-term growth trajectory of the AI industry, with upcoming catalysts likely to positively impact the entire industry chain [15]

高澜股份（300499.SZ）10月16日在投资者互动平台表示，公司预计于2025年10月25日披露《2025年第 三季度报告》，敬请关注。 （记者 王瀚黎） 每经AI快讯，有投资者在投资者互动平台提问：请问贵司第三季度预报什么时候出来？ ...

Core Viewpoint - The company has successfully registered its subsidiary in California, USA, and is progressing with subsequent work as planned [1] Company Operations - The subsidiary in California has completed the registration process and obtained the necessary documentation [1] - The company confirmed that the follow-up work is proceeding steadily according to the plan [1]