21特写｜齐勇“冷”军热战：大牛股英维克能否冲刺千亿市值？

Core Viewpoint - In the context of the booming artificial intelligence sector, Invec has transformed from a previously overlooked entity into a capital darling, with its stock price surging significantly and its market capitalization reaching 63.6 billion yuan, reflecting a year-to-date increase of over 112% [1][11]. Company Performance - Invec's stock price rose by 1.64% on August 22, 2023, marking a substantial increase in its total market value [1]. - The company reported a 50.25% increase in revenue for the first half of the year, reaching 2.573 billion yuan, while net profit grew by 17.54% to 216 million yuan [3]. - Despite revenue growth, the company's gross margin decreased to 26.15%, down over 2 percentage points from the previous year [4]. Industry Context - Invec is a leader in the liquid cooling industry and has been included in NVIDIA's MGX ecosystem as a partner, benefiting from the rising demand for liquid cooling solutions driven by high-performance computing and AI applications [3][15]. - The global data center liquid cooling market is projected to reach approximately 68.8 billion yuan by 2026, with the domestic market expected to be around 17.9 billion yuan [14][15]. Competitive Landscape - Domestic competitors, including Inspur and Huawei, are developing their own liquid cooling technologies, which poses a threat to Invec's market position [4][19]. - International competitors like Vertiv and CPC continue to dominate the liquid cooling market, and new technologies from companies like Amazon could disrupt existing solutions [19]. Future Outlook - Invec plans to invest over 1 billion yuan in a new R&D and production facility in Shenzhen to meet the growing demand for precision temperature control equipment [15]. - The company aims to strengthen its partnerships with major internet companies and expand its global presence, with a focus on integrating new and existing business lines [20].