中石科技拟收购中石讯冷51%股权 完善液冷业务布局

Group 1 - Company plans to use self-owned funds of 35.7 million yuan to acquire 51% equity of Zhongshi Xunleng, making it a controlling subsidiary [1] - Zhongshi Xunleng specializes in the design, manufacturing, and service of thermal module products, particularly focusing on liquid cooling solutions, which account for over 90% of its sales [1] - The acquisition aims to enhance the company's core competitiveness by integrating Zhongshi Xunleng's capabilities with its existing thermal products [2] Group 2 - The acquisition will allow the company to quickly enhance its design, manufacturing, and testing capabilities in liquid cooling products, complementing its existing thermal solutions [2] - Zhongshi Xunleng's location in South China provides rich industrial resources, facilitating rapid response to customer needs and upstream-downstream collaboration [2] - The company reported a revenue of 1.298 billion yuan for the first three quarters of 2025, a year-on-year increase of 18.45%, with net profit rising by 90.59% due to the growing demand for AI server liquid cooling modules [2] Group 3 - The liquid cooling technology is experiencing rapid growth, driven by the increasing power consumption of AI servers and high-density data centers, with market penetration expected to exceed 40% in China by 2025 [3] - The company has prior experience in similar acquisitions, having acquired 51% of Jiangsu Kaiweidi in 2019 to enhance its thermal component layout [3] - Following the acquisition of Kaiweidi, the company established a production line for superconducting heat pipes in Yixing, with a total investment of 300 million yuan, aiming for an annual output exceeding 500 million yuan [3]