Tricolor(SH:603516) Ge Long Hui A P P·2025-11-07 09:49Core Viewpoint - The company, Chunz中科技 (603516.SH), has noted increased market attention on the liquid cooling server sector, but clarifies that its business does not involve the production of liquid cooling servers, only participating in testing phases such as liquid cooling aging test platforms [1] Business Overview - The company has not generated any revenue from its liquid cooling-related business in the first three quarters of 2025 [1] - The business has faced challenges due to material changes and product iterations from overseas major clients, leading to a provision for inventory impairment and credit impairment losses totaling 10.7865 million yuan [1] Market Position - There is a significant market space gap between the company's offerings and AI server liquid cooling-related products [1] - Future collaborations in this sector are subject to uncertainties related to client product iterations and compatibility testing, indicating a risk of business progress falling significantly short of expectations [1]