GDHEC CO.,LTD(600673) 证券时报网·2025-03-02 11:50Core Viewpoint - Dongyangguang and Zhongji Xuchuang are establishing a joint venture, Guangdong Shenlin Zhileng Technology Co., Ltd., to focus on liquid cooling technology and solutions, aiming to capture key segments of the global liquid cooling industry chain [1][3]. Group 1: Joint Venture Details - The joint venture will have a registered capital of RMB 100 million, with Dongyangguang contributing RMB 49 million for a 49% stake and Zhongji Xuchuang contributing RMB 51 million for a 51% stake [1]. - The partnership aims to integrate both companies' technological and industrial resources to promote innovation and commercialization in liquid cooling technology [1][2]. Group 2: Dongyangguang's Industry Position - Dongyangguang has over 20 years of experience in the cooling materials sector, achieving a full industry chain layout from upstream materials to downstream solutions [2]. - The company has developed several patents in electronic fluorinated liquids and has capabilities in producing aluminum cold plates, addressing the cooling needs of high-power chips [2]. Group 3: Market Potential - The global liquid cooling market is projected to reach USD 42.48 billion by 2032, with significant growth expected in the Chinese market, estimated at RMB 128.32 billion by 2025 [4]. - The collaboration is positioned to leverage the growing demand for efficient cooling solutions in AI data centers, tapping into a substantial market opportunity [4][5]. Group 4: Strategic Synergies - The partnership is expected to create a synergistic effect, combining Dongyangguang's cooling solutions with Zhongji Xuchuang's expertise in optical module thermal management [3][5]. - The joint venture aims to lower the comprehensive costs of liquid cooling systems, facilitating broader adoption across various data center scales [5].