Core Insights - The liquid cooling server industry is experiencing significant growth, driven by increased demand for high-density servers and efficient cooling solutions [1][2] - Major companies are actively investing in liquid cooling technologies, with substantial market opportunities projected in the coming years [2][3] Industry Developments - Xiechuang Data plans to invest up to 9 billion yuan to purchase servers from multiple suppliers, indicating accelerated infrastructure development in cloud computing [1] - The 5th International AIDC Liquid Cooling Supply Chain Summit will be held on December 18-19, focusing on technology exchange and market trends [1] Market Projections - UBS forecasts that the global direct liquid cooling market for data centers will grow from $1.138 billion in 2024 to $31.191 billion by 2030, with a compound annual growth rate of 51% [2] - The AI server liquid cooling market is expected to reach $23.746 billion, while the non-AI server liquid cooling market will grow to $7.446 billion [2] Company Highlights - Yingweike (002837) holds over 35% market share in liquid cooling technology and is a designated temperature control supplier for major clients like Tencent and Alibaba [2] - Shenling Environment (301018) is a core supplier for Huawei's data centers, with 63 liquid cooling patents and a PUE as low as 1.15 [2] - Highlan (300499) uniquely supplies both server and energy storage solutions, with a client base including ByteDance and Alibaba [3] Key Component Suppliers - Juhua (600160) is a leading domestic supplier of electronic-grade fluorinated liquids, aiming for a 15% global market share by 2025 [4] - Feirongda (300602) specializes in integrated cooling solutions and is a core supplier for Huawei servers [5] - Zhongshi Technology (300684) provides unique nano-carbon material cooling plates, with over 90% of its business in liquid cooling modules [5] System Integration Leaders - Inspur (000977) is a leading global liquid cooling server provider, with a projected market share of over 45% in 2024 [6] - Zhongke Shuguang (603019) collaborates on liquid cooling server development, introducing a high-density cooling solution for complex computing scenarios [6] - Unisplendour (000938) has a significant market presence with over 35% share in the operator market and expects liquid cooling orders to exceed 5 billion yuan in 2024 [6] Other Relevant Companies - Guangxun Technology (002281) is the only domestic company to achieve mass production of liquid cooling optical modules, holding a 15% global market share [7] - Changfei Optical Fiber (601869) applies optical fiber technology to liquid cooling, enhancing data transmission efficiency [8] - Ruijie Network (301165) offers a full range of liquid cooling products and has launched a new immersion liquid cooling switch [8]

Core Viewpoint - The AI PC concept sector has shown a notable increase of 3.11%, ranking sixth among concept sectors, with significant contributions from stocks like Zhongshi Technology, Sixuan New Materials, and Feirongda, which rose by 11.51%, 8.90%, and 8.36% respectively [1][2] Market Performance - The AI PC concept sector experienced a net inflow of 2.651 billion yuan, with 25 stocks receiving net inflows, and 7 stocks exceeding 100 million yuan in net inflows. Shenghong Technology led with a net inflow of 1.162 billion yuan, followed by Lingyi Technology, Changying Precision, and Jiangbolong with net inflows of 536 million yuan, 218 million yuan, and 188 million yuan respectively [2][3] Stock Performance - Top performers in the AI PC concept include: - Shenghong Technology: 5.95% increase, 5.34% turnover rate, net inflow of 1.161 billion yuan [3] - Lingyi Technology: 4.80% increase, 3.19% turnover rate, net inflow of 536 million yuan [3] - Changying Precision: 1.54% increase, 6.10% turnover rate, net inflow of 218 million yuan [3] - Jiangbolong: 4.52% increase, 4.66% turnover rate, net inflow of 188 million yuan [3] Fund Flow Ratios - Leading stocks by net inflow ratio include: - Lingyi Technology: 15.08% - Kesen Technology: 10.70% - Bomin Electronics: 9.42% [3][4]

Core Viewpoint - Feirongda (300602.SZ) announced that its wholly-owned subsidiary, Chongqing Feirongda Intelligent Technology Co., Ltd., successfully bid for the land use rights of a specific plot in Shapingba District, Chongqing, for RMB 35.02 million [1] Group 1 - The company participated in the public auction for the land use rights as per the announcement G25080 [1] - The successful bid was confirmed through a transaction confirmation document signed with Chongqing United Property Rights Exchange Group Co., Ltd. on December 15, 2025 [1]

Core Viewpoint - Feirongda (300602.SZ) announced that its wholly-owned subsidiary, Chongqing Feirongda Intelligent Technology Co., Ltd., successfully acquired the land use rights for a specific plot in Shapingba District, Chongqing, for RMB 35.02 million [1] Group 1 - The acquisition was made through a public bidding process as per the announcement regarding the land use rights [1] - The transaction was formalized with the signing of the "Land Use Rights Transaction Confirmation" on December 15, 2025, with Chongqing United Property Rights Exchange Group Co., Ltd. [1]

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、交易事项概述 深圳市飞荣达科技股份有限公司（以下简称"公司"或"飞荣达"）全资子 公司重庆飞荣达具身智能技术有限公司（以下简称"重庆飞荣达"）根据《沙坪 坝区 D06 单元 03 街区 011/01（部分）地块国有建设用地使用权公开出让公告》 （公告序号：G25080）参与竞拍重庆市沙坪坝区 D06 单元 03 街区 011/01（部分） 地块使用权，以人民币 3,502 万元竞得摘牌。公司全资子公司重庆飞荣达于 2025 年 12 月 15 日与重庆联合产权交易所集团股份有限公司签署《国有建设用地使用 权成交确认书》（渝地交易工〔2025〕79 号）。 本次交易资金来源于自有资金，不涉及关联交易，也不构成《上市公司重大 资产重组管理办法》规定的重大资产重组。根据《深圳证券交易所创业板股票上 市规则》及《公司章程》等规定，本事项无需提交公司董事会、股东会审议。 证券代码：300602 证券简称：飞荣达 公告编号：2025-081 深圳市飞荣达科技股份有限公司 关于全资子公司竞拍获得国有土地使用权的公告 二、交 ...

证券代码：300602 证券简称：飞荣达 公告编号：2025-080 注册资本：58,186.3431 万元 深圳市飞荣达科技股份有限公司（以下简称"公司"）于 2025 年 11 月 17 日召开 2025 年第四次临时股东会，审议通过了《关于变更公司注册资本并修订< 公司章程>及修订、制定、废止相关治理制度的议案》等。 近日，公司已取得深圳市市场监督管理局下发的《登记通知书》，完成了《公 司章程》及注册资本的工商变更（备案）登记手续。具体工商登记信息如下： 统一社会信用代码：914403002794071819 名 称：深圳市飞荣达科技股份有限公司 类 型：其他股份有限公司（上市） 住 所：深圳市光明区玉塘街道田寮社区根玉路 1215 号飞荣达新材料产 业园（一照多址企业） 法定代表人：马飞 深圳市飞荣达科技股份有限公司 关于完成工商变更的公告 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。 成立日期：1993 年 11 月 10 日 营业期限：永续经营 经营范围：研发、生产和销售移动通信、网络通信、路由交换、存储及服务 器、电力电子器件等相关共性技术及产 ...

Core Viewpoint - Feirongda (300602.SZ) has confirmed that there is no business relationship with Nabichuan, emphasizing its focus on thermal management and electromagnetic shielding sectors [1] Group 1: Company Overview - The company has been deeply engaged in the thermal management and electromagnetic shielding fields for many years [1] - Its product matrix includes thermal conductive materials, heat dissipation devices, air-cooled/liquid-cooled solutions, and electromagnetic shielding materials and devices [1] - The company possesses a relatively complete industrial system, strong R&D capabilities, and rich application experience [1] Group 2: Product Applications - The products can be widely applied in various fields such as consumer electronics, network communication, data centers, servers, new energy vehicles, photovoltaic energy storage, artificial intelligence, medical devices, and household appliances [1] - The company provides electromagnetic shielding solutions and related products, as well as heat dissipation solutions and products for relevant customers [1]

Group 1 - The core point of the article is that Feirongda (300602) reported a total of 45,068 shareholders as of December 10, 2025 [1]

Group 1 - The company emphasizes the importance of information disclosure and adheres strictly to relevant regulations [1] - The company encourages investors to pay attention to future disclosures regarding its production operations, technological achievements, and business developments [1]

Core Viewpoint - Feirongda (300602) emphasizes its commitment to enhancing corporate value and shareholder returns through strategic leadership and continuous improvement in core business operations, innovation, and talent development [1] Group 1: Corporate Strategy - The company focuses on deepening its main business while exploring new avenues for growth [1] - It aims to strengthen lean management practices and technological innovation to improve competitive capabilities in response to new environments and business challenges [1] Group 2: Financial Performance and Shareholder Engagement - Feirongda is dedicated to ensuring stable performance growth and increasing dividend payouts to enhance investor satisfaction [1] - The company plans to improve the quality of information disclosure and investor relations management to help the market better recognize its value [1]