FRD(SZ:300602) Huan Qiu Wang·2025-08-13 04:57Group 1 - The core viewpoint of the articles highlights the explosive growth in market demand for liquid cooling technology as a solution to the heat dissipation issues faced by data centers and computing equipment due to increased computing power density [1][3] - The liquid cooling server concept index has increased by 13.64% since August, with notable stock performances from companies such as Yingwei Ke, which rose over 9%, and others like Tongfei Co., Shuguang Shucai, and Hongfuhan showing significant gains [1] - Major companies like NVIDIA, Microsoft, Google, and Meta are heavily investing in the AI industry, accelerating the penetration of liquid cooling technology, exemplified by NVIDIA's GB300 system which utilizes a fully liquid-cooled design [3] Group 2 - The market demand for liquid cooling technology is expected to significantly impact corporate performance and create new opportunities within the industry chain, with IDC forecasting the Chinese liquid cooling server market to reach $2.37 billion in 2024, a 67% year-on-year increase [3] - The compound annual growth rate (CAGR) for the liquid cooling market is projected to be 46.8% from 2024 to 2029, with the market size expected to reach $16.2 billion by 2029 [3] - Companies like Feirongda are reporting impressive mid-year performance, with expected revenue of approximately 2.886 billion yuan and net profits between 155 million to 170 million yuan, reflecting a year-on-year growth of 103.95% to 123.69% [3] - Cold plate liquid cooling is identified as the most mature and widely applied solution among the three types of liquid cooling technologies, which also include spray liquid cooling and immersion liquid cooling [3]