Tricolor(SH:603516) 智通财经网·2025-11-07 09:40Core Viewpoint - The company, Chuzhong Technology (603516.SH), clarifies that it does not engage in the production of liquid-cooled servers, but only participates in testing phases related to liquid cooling, indicating a significant market space difference compared to AI server liquid cooling products [1] Business Performance - As of the first three quarters of 2025, the liquid cooling business has not generated any revenue [1] - The company reported a total impairment provision for inventory and credit losses amounting to 10.7865 million yuan due to material changes and product iterations from overseas major clients [1] Market Context - There is a high market interest in the liquid cooling server concept, but the company's involvement is limited, which may lead to a mismatch in expectations regarding business growth [1] - Future collaborations in this area are subject to uncertainties related to client product iterations and compatibility testing, posing risks to business advancement [1]