澄天伟业：公司液冷业务的发展契机主要源自AIDC基础设施投资建设的加速推进

Core Insights - The company has identified a significant opportunity in the liquid cooling business driven by the accelerated investment in AIDC infrastructure, as traditional air cooling technologies are insufficient for high-performance computing and high-power modules [1] Group 1: Liquid Cooling Business Development - The company is leveraging its expertise in high thermal conductivity metal materials and core processes such as etching, plating, and brazing to enter the liquid cooling management sector, transitioning from packaging materials to cooling structural components and ultimately to system-level liquid cooling solutions [1] - The company has achieved a comprehensive layout of its liquid cooling product line, expanding from core components like liquid cooling plates to secondary system-level solutions, including cold plates, corrugated pipes, and distributors, with the capability to provide customized integrated liquid cooling solutions based on client needs [1] Group 2: Market Expansion and Client Engagement - The company is currently in an active market development phase for its liquid cooling business, accelerating the mass production process for core clients, targeting major domestic server manufacturers, AI computing platform builders, and certain foreign brands' ODM/integrators in China [1] - The liquid cooling plate products provided to domestic manufacturers are in the sample testing phase due to the adoption of new technological processes, which have a relatively long verification cycle, with a particular Taiwanese enterprise's sample validation expected to achieve a breakthrough [1] - The company has established a strategic partnership with superX to jointly explore the overseas liquid cooling market [1]