Core Insights - On September 10, Shenling Environment's stock rose by 9.25%, closing at 71.35 yuan, with a total of 12 block trades amounting to 6.46 million shares and a total transaction value of 38.114 million yuan [1][4]. Trading Details - The first trade occurred at a price of 59.00 yuan for 50,000 shares, totaling 2.95 million yuan, with a discount rate of -17.31% [1]. - The second trade also had a price of 59.00 yuan for 34,000 shares, totaling 2.006 million yuan, maintaining the same discount rate of -17.31% [2]. - The third trade involved 40,000 shares at 59.00 yuan, amounting to 2.36 million yuan, with a discount rate of -17.31% [1][2]. - The fourth trade was for 37,000 shares at 59.00 yuan, totaling 2.183 million yuan, with a discount rate of -17.31% [2]. - The fifth trade involved 40,000 shares at 59.00 yuan, totaling 2.36 million yuan, with a discount rate of -17.31% [2]. - The sixth trade also had a price of 59.00 yuan for 40,000 shares, totaling 2.36 million yuan, with a discount rate of -17.31% [2]. - The seventh trade was for 34,000 shares at 59.00 yuan, totaling 2.006 million yuan, with a discount rate of -17.31% [2]. - The eighth trade involved 191,000 shares at 59.00 yuan, amounting to 11.269 million yuan, with a discount rate of -17.31% [3]. - The ninth trade was for 35,000 shares at 59.00 yuan, totaling 2.065 million yuan, with a discount rate of -17.31% [3]. - The tenth trade also had a price of 59.00 yuan for 35,000 shares, totaling 2.065 million yuan, with a discount rate of -17.31% [3]. - The eleventh trade involved 70,000 shares at 59.00 yuan, totaling 4.13 million yuan, with a discount rate of -17.31% [3]. - The twelfth trade was for 40,000 shares at 59.00 yuan, totaling 2.36 million yuan, with a discount rate of -17.31% [4]. Recent Trading Activity - In the last three months, Shenling Environment has recorded a total of 48 block trades, with a cumulative transaction value of 197 million yuan [4]. - Over the past five trading days, the stock has declined by 3.93%, with a net outflow of 174 million yuan in principal funds [4].

每经AI快讯，有投资者在投资者互动平台提问：请问在锂电池行业，公司产品主要用在哪些方面？ 申菱环境（301018.SZ）9月10日在投资者互动平台表示，公司主要为锂电池制造工厂提供转轮除湿机 组，冷水机组，空气处理机组等生产工艺环境保障设备。 （文章来源：每日经济新闻） ...

Group 1 - The general equipment sector increased by 0.37% on September 10, with KaiChuang Electric leading the gains [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] - Notable stock performances included KaiChuang Electric with a closing price of 65.25, up 13.30%, and Liou Co. with a closing price of 5.96, up 9.96% [1] Group 2 - The general equipment sector saw a net inflow of 1.414 billion yuan from main funds, while retail investors experienced a net outflow of 580 million yuan [2] - The stock with the highest main fund inflow was Liou Co. with 164 million yuan, while the highest retail outflow was also from Liou Co. at 98.5 million yuan [3] - Other significant net inflows included 32.3 million yuan for Dongfang Zhizao and 85.4 million yuan for Chuanrun Co. [3]

申菱环境（301018.SZ）9月10日在投资者互动平台表示，公司位于顺德的新的数据中心产品智造基地目 前主要产线生产效率提升较快，基地整体产能利用率在逐步提升。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司顺德智能温控产品智造基地一期产能利用率如 何？ ...

Group 1 - The company has officially commenced production at its new special air conditioning and ventilation equipment manufacturing base in Gaozhou as of the end of June [2] - The production capacity is currently in a ramp-up phase, indicating that efficiency and capacity utilization rates are expected to gradually improve [2]

Core Viewpoint - The stock of Guangdong Shunling Environment System Co., Ltd. has experienced a decline of 5% as of September 8, with a trading price of 66.50 CNY per share and a total market capitalization of 17.692 billion CNY [1] Company Overview - Guangdong Shunling Environment System Co., Ltd. was established on July 3, 2000, and went public on July 7, 2021 [1] - The company specializes in air environment regulation equipment, focusing on specialized air conditioning systems, and offers comprehensive solutions for various applications including data service environments, industrial process environments, specialized applications, and public building indoor environments [1] - The revenue composition of the company is as follows: 82.94% from equipment, 16.68% from solutions and services, and 0.38% from other sources [1] Shareholder Information - E Fund's Supply-side Reform Mixed Fund (002910) has entered the top ten circulating shareholders of Shunling Environment, holding 2.6008 million shares, which accounts for 1.31% of the circulating shares [2] - The estimated floating loss for E Fund's Supply-side Reform Mixed Fund today is approximately 9.1028 million CNY [2] Fund Performance - E Fund's Supply-side Reform Mixed Fund was established on January 25, 2017, with a current scale of 4.056 billion CNY [2] - Year-to-date return for the fund is 14.18%, ranking 4879 out of 8248 in its category; the one-year return is 29.96%, ranking 4675 out of 8051; and since inception, the return is 184.29% [2]

Industry Rating - The report maintains an "Outperform" rating for the public utility sector [1] Core Insights - The data center industry in China is expected to reach a market size of 304.8 billion yuan and over 10 million standard racks by 2024, both achieving a year-on-year growth of over 20% [2][25] - The emergence of AI technologies, particularly large models, is driving significant demand for computing power, which is expected to enhance the growth of data centers [3][65] - The increasing electricity demand from data centers is projected to lead to a transformation towards greener computing solutions [4][111] Summary by Sections 1. Progress of China's Data Center Industry - The development of China's data center industry has evolved through four stages, with computing power becoming the driving force in the digital economy since 2020 [9][18] - The market is characterized by a significant regional distribution, with the "East Data West Computing" initiative promoting a balanced development across eight hubs and ten clusters [32][38] 2. AI's Impact on Data Center Demand - The launch of DeepSeek in January 2025 is expected to significantly increase the rack utilization rate in third-party data centers [3][79] - The average rack utilization rate in China was 56.4% by the end of 2023, indicating a mismatch between supply and demand [56] - The global demand for computing power is projected to grow at a rate exceeding 50% annually, with AI applications driving this growth [65][71] 3. Electricity Demand and Green Transformation - Data centers' electricity costs typically account for over 50% of their total operating costs, with some internet clients seeing this figure rise to 70-80% [95] - The International Energy Agency (IEA) predicts that global data center electricity consumption will double from 415 TWh in 2024 to approximately 945 TWh by 2030, with a compound annual growth rate of about 15% [101] - By 2030, China's data center electricity demand is expected to reach between 300 billion and 700 billion kWh, representing 2.3% to 5.3% of the total electricity consumption [108][109]

Industry Overview - The industrial temperature control equipment is crucial for precise temperature regulation in various production processes, enhancing the stability, reliability, and lifespan of industrial devices [1][3] - The market size of China's industrial temperature control equipment industry is projected to reach approximately 80 billion yuan in 2024, with a year-on-year growth of 12.83% [1][8] - The demand for high-precision temperature control equipment is surging due to the upgrading of intelligent manufacturing and the release of new industry needs, particularly in sectors like renewable energy, semiconductors, and data centers [1][8] Market Scale - The global industrial temperature control equipment market is expected to reach USD 19.658 billion in 2024, reflecting a year-on-year growth of 7.72% [6][8] - The data center market in China is projected to reach 277.3 billion yuan in 2024, with a year-on-year increase of 15.21%, driving the demand for temperature control equipment [5][8] Industry Chain - The upstream of the industrial temperature control equipment industry includes raw materials such as metals, plastics, and refrigerants, as well as mechanical components like compressors and heat exchangers [3] - The downstream applications encompass data centers, semiconductor manufacturing, energy storage systems, medical devices, and new energy vehicles [3] Key Companies - Invek Technology Co., Ltd. focuses on precision temperature control energy-saving equipment, serving major internet companies and participating in the supply chain of NVIDIA [10] - Tongfei Refrigeration Co., Ltd. specializes in industrial refrigeration equipment and has seen significant revenue growth, with a 109.02% increase in revenue year-on-year for Q1 2025 [10] Development Trends - Liquid cooling technology is emerging as a core growth point, with companies like Invek achieving significant energy savings through advanced cooling solutions [11] - The demand for high-precision temperature control equipment is expected to grow in new application areas such as electric vehicles and energy storage, driven by the rapid development of intelligent manufacturing [12] - The industry's transition towards low-carbon solutions is being accelerated by carbon neutrality goals, with companies adopting green technologies and participating in standard-setting initiatives [14]

9月3日，申菱环境收涨3.22%，收盘价为74.27元，发生17笔大宗交易，合计成交量79.01万股，成交金 额4661.59万元。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 第1笔成交价格为59.00元，成交8.00万股，成交金额472.00万元，溢价率为-20.56%，买方营业部为招商 证券股份有限公司西安北大街证券营业部，卖方营业部为中信建投证券股份有限公司佛山顺德大良证券 营业部。 第2笔成交价格为59.00元，成交4.00万股，成交金额236.00万元，溢价率为-20.56%，买方营业部为机构 专用，卖方营业部为中信建投证券股份有限公司佛山顺德大良证券营业部。 第3笔成交价格为59.00元，成交3.39万股，成交金额200.01万元，溢价率为-20.56%，买方营业部为东方 财富证券股份有限公司拉萨东环路第一证券营业部，卖方营业部为中信建投证券股份有限公司佛山顺德 大良证券营业部。 第4笔成交价格为59.00元，成交3.50万股，成交金额206.50万元，溢价率为-20.56%，买方营业部为中泰 证券股份有限公司北京中关村大街证券营业部，卖方营业部为中信建投证券股份有 ...

| | | | | | | | 大良证券营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-09-03 | 301018 | 申菱环境 | 59.00 | 3.50 | 206.50 | 招商证券股份有限 | 中信建投证券股份 | | | | | | | | 公司深圳科技园高 | 有限公司佛山顺德 | | | | | | | | 新南一道证券营业 | 大良证券营业部 | | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交全额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-09-03 | 301018 | 申菱环境 | 59.00 | 8.00 | 472.00 | 招商证券股份有限 | 中信建投证券股份 | | | | | | | | 公司西安北大街证 | 有限公司佛山顺德 | | | | | | | | 券营业部 | 大良证券营业部 | ...