证券日报网讯高澜股份（300499）8月19日在互动平台回答投资者提问时表示，截至2025年3月31日，公 司在手订单约为11.1亿元。 ...

证券日报网讯 高澜股份8月19日在互动平台回答投资者提问时表示，公司目前生产经营情况正常，各项 订单交付有序推进。公司在手订单的执行会结合产品生产周期、客户需求节点等因素分批完成，并将严 格按照会计准则的要求，在满足收入确认条件时及时确认收入。 （编辑 王雪儿） ...

Group 1 - The stock price of Gaolan Co., Ltd. (300499.SZ) increased by 6.66%, reaching a new historical high with a turnover rate of 47.66% and a transaction amount of 4.365 billion yuan [1] - The net buying from the Shenzhen Stock Connect amounted to 1.53 billion yuan, with purchases of 3.76 billion yuan and sales of 2.23 billion yuan [1] - Three institutions sold a net amount of 67.49 million yuan, while retail investors engaged in "quantitative trading" ranked fifth in selling, with a net sale of 54.78 million yuan [1] Group 2 - The top five buying entities included a specialized medical trading department with a purchase amount of 375.95 million yuan, accounting for 8.61% of total transactions [1] - The second largest buyer was an institutional trading department with a purchase amount of 80.21 million yuan, representing 1.84% of total transactions [1] - The total net buying from the top five buying and selling entities combined was 981.07 million yuan, with total buying of 608.96 million yuan and total selling of 510.85 million yuan [1]

2025年，液冷服务器市场迎来爆发式增长。根据IDC发布的《中国半年度液冷服务器市场(2024下半年) 跟踪》报告，2024年中国液冷服务器市场规模达到23.7亿美元，同比增长67.0%。这一亮眼的市场表 现，显示出液冷技术正在成为高密度算力场景的刚需。IDC进一步预测，2024-2029年，中国液冷服务 器市场年复合增长率(CAGR)将达到46.8%，2029年市场规模有望突破162亿美元。 液冷技术作为解决高密散热的核心方案，市场需求的激增源于算力密度的快速提升。据天风证券 （601162）测算，NVL72单机柜液冷价值量约为10万美元，随着GB200/300高密度功率机柜出货放量， AI数据中心液冷渗透率有望从B200阶段的10%跃升至GB300阶段的90%，2025年或将成为液冷服务器 的"起量元年"。 与此同时，国内液冷产业链公司纷纷加速布局。 例如，作为全链条液冷的开创者，英维克率先推出高可靠Coolinside全链条液冷解决方案。从冷板、快 速接头、Manifold、CDU、机柜，到SoluKing长效液冷工质、管路、冷源等"端到端"的产品覆盖，从服 务器制造工厂，到数据中心运行现场的"厂到场" ...

一、股票交易异常波动的情况介绍 广州高澜节能技术股份有限公司（以下简称"公司"或"本公司"）股票（证 券简称：高澜股份，证券代码：300499）交易价格连续三个交易日内（2025 年 8 月 15 日、2025 年 8 月 18 日、2025 年 8 月 19 日）日收盘价格涨幅偏离值累计超过 30%，根据《深圳证券交易所交易规则》的有关规定，属于股票交易异常波动的情 况。 证券代码：300499 证券简称：高澜股份 公告编号：2025-029 广州高澜节能技术股份有限公司 关于股票交易异常波动的公告 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。 三、是否存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所创业板股票上 市规则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意 向、协议等；董事会也未获悉本公司有根据《深圳证券交易所创业板股票上市规 则》等有关规定应予以披露而未披露的、对本公司股票及其衍生品种交易价格产生 较大影响的信息；公司前期披露的信息不存在需要更正、补充之处。 二、公司关注并核实相关情况的 ...

Core Viewpoint - The company has achieved independent research and production of key liquid cooling equipment, indicating a significant advancement in its technological capabilities [1] Group 1: Product Development - The company's data center liquid cooling products include server liquid cooling plates, fluid connection components, various models and heat exchange forms of CDU, multiple sizes and power ratings of TANK, pumps, and heat exchange units [1] Group 2: Supply Chain Strategy - To optimize supply chain efficiency and meet diverse customer demands, the company will consider customer needs and its own production capabilities when deciding on the self-manufacturing or outsourcing of related components [1]

Group 1 - The core point of the article is that the company, 高澜股份, has reported a significant order backlog amounting to approximately 1.11 billion yuan as of March 31, 2025 [1] Group 2 - The company is recognized as a benchmark enterprise in the liquid cooling industry [1] - The inquiry regarding the order amount was made by an investor on an interactive platform [1] - The information was disclosed on August 19, indicating the company's proactive communication with investors [1]

Investment Rating - The report rates the industry as "Positive" for investment, indicating an optimistic outlook for the sector over the next 12 months [6]. Core Insights - The liquid cooling technology is positioned as a crucial solution for data centers to address heat dissipation challenges, especially with the increasing power consumption driven by AI applications [14][20]. - The report highlights the significant advantages of liquid cooling over traditional air cooling, including higher cooling efficiency, lower energy consumption, and reduced total cost of ownership (TCO) [13][26]. - The domestic liquid cooling market is projected to reach approximately 4-5 billion yuan by 2025 and 7-8 billion yuan by 2026, driven by the increasing adoption of high-power servers [43]. Summary by Sections Cooling Technology Overview - Data centers require efficient cooling systems due to their high heat generation, with liquid cooling being a key upgrade from traditional air cooling methods [8][13]. - Liquid cooling methods include cold plate, spray, and immersion cooling, with immersion cooling further divided into single-phase and two-phase types [9][13]. Drivers of Liquid Cooling Adoption - **Driver 1: AI Power Consumption** The power consumption of CPUs and GPUs is rapidly increasing, pushing the limits of air cooling solutions [14][19]. - **Driver 2: Policy Control on PUE** The report emphasizes the need for more efficient cooling solutions to meet stringent PUE (Power Usage Effectiveness) targets set by regulations, with liquid cooling achieving lower PUE values compared to air cooling [20][25]. - **Driver 3: Lower Lifecycle Costs** Liquid cooling systems demonstrate lower TCO compared to air cooling, particularly in terms of capital and operational expenditures [26][29]. Market Size and Growth - The report estimates that the domestic liquid cooling market will grow significantly, with projections of 40-50 billion yuan in 2025 and 70-80 billion yuan in 2026 [43][45]. - The market for liquid cooling components, such as CDU and manifolds, is expected to see substantial growth, with specific segments projected to grow by over 200% year-on-year by 2026 [49]. Investment Opportunities - The report identifies key investment opportunities within the liquid cooling supply chain, including liquid cooling plates, CDU, and manifold products, with a focus on domestic manufacturers [54][57]. - The trend towards domestic substitution in the liquid cooling market is highlighted, particularly for components currently dominated by foreign suppliers [58][61]. Key Players and Competitive Landscape - Major players in the liquid cooling market include companies like Invec, Feirongda, and Zhonghang Optoelectronics, which are positioned to benefit from the growing demand for liquid cooling solutions [78][84]. - The competitive landscape is characterized by a mix of established players and emerging domestic manufacturers, with a focus on innovation and cost reduction in liquid cooling technologies [79][82].

证券日报网讯 8月18日晚间，高澜股份发布公告称，公司根据公司经营发展及战略规划，经董事长审批 通过，同意在新加坡设立全资子公司，注册资本50万新加坡币。近日，该全资子公司已完成注册登记手 续，并取得新加坡会计与企业管理局（ACRA）颁发的《公司注册证书》。 （文章来源：证券日报） ...

Core Viewpoint - The liquid cooling concept in the A-share market has seen a significant rise, driven by the increasing demand for cooling solutions in data centers and computing equipment due to the growing computational density [1][3]. Market Performance - On August 18, related stocks surged, with notable increases such as Shuguang Shuchuang (30% limit up), Fangsheng Co. (up 22.07%), and several others achieving 20% limit up [1]. - The liquid cooling technology is gaining traction as a core solution for addressing high-density heat dissipation issues, leading to explosive market demand [1]. Industry Growth - The liquid cooling server market in China is projected to reach $2.37 billion in 2024, representing a 67% year-on-year growth, with a compound annual growth rate (CAGR) of 46.8% expected from 2024 to 2029, potentially exceeding $16.2 billion by 2029 [3]. - The penetration rate of liquid cooling data centers among the three major operators is expected to rise from 14% in 2025 to 26%, with order schedules extending to 2026 [3]. Applications - Liquid cooling technology is increasingly essential in the AI sector, significantly reducing energy consumption and improving power usage effectiveness (PUE) to levels between 1.1 and 1.2, compared to over 1.5 for air cooling [3]. - The market for thermal management in new energy vehicles is projected to reach 77.1 billion yuan in 2024, with the value of liquid cooling systems per vehicle being three times that of traditional fuel vehicles [3]. Competitive Advantage - Chinese liquid cooling companies have established a global competitive edge, achieving breakthroughs in key areas such as immersion cooling and cold plate cooling, with top-tier technology indicators [5][6]. - Chinese firms hold 35% of the top 20 global liquid cooling patents, with a 55% share in the immersion cooling sector [6]. - The use of nylon to replace metals in liquid cooling components has reduced costs by 30% to 50% and decreased leakage risks by 90% [6]. Industry Chain - The Chinese liquid cooling industry encompasses a complete supply chain, from coolant production to core components and system integration [6]. - Major companies involved include Juhua Co. for coolant, Feilong Co. for electronic pumps, and Industrial Fulian for system integration [6]. Company Highlights - The A-share liquid cooling sector comprises 120 constituent stocks with a total market capitalization of 3.66 trillion yuan [7]. - Companies like Invec provide precision temperature control solutions across various sectors, while Shuguang Shuchuang focuses on data center liquid cooling solutions, particularly in immersion phase change cooling technology [7][8]. - Silver Wheel Co. is advancing its liquid cooling business as a third growth curve, with proprietary technologies enhancing cooling efficiency [7]. - Highlan Co. specializes in liquid cooling solutions for new energy and data center applications, collaborating with major battery manufacturers [8].