风起，A股云产业链迎来新一轮价值重估

Core Insights - The cloud computing industry is experiencing a reversal of the long-standing trend of price reductions, with major players like Amazon Web Services and Google Cloud announcing price increases of up to 100% for certain services, indicating that computing infrastructure has become a scarce strategic resource [1] - A-share listed companies related to cloud computing infrastructure are reporting significant growth in their 2025 performance forecasts, with companies like Runze Technology and Industrial Fulian showing remarkable increases in net profits, highlighting a new development phase driven by demand and value reassessment in the industry [1][2] Company Performance - Runze Technology expects a net profit of 5 billion to 5.3 billion yuan for 2025, representing a year-on-year increase of 179.28% to 196.03%, driven by growth in its AIDC business [2] - Industrial Fulian anticipates a net profit of 35.1 billion to 35.7 billion yuan for 2025, a year-on-year increase of 119 million to 125 million yuan, reflecting a growth of 51% to 54% [3] - The performance of Industrial Fulian is significantly bolstered by its cloud computing business, with server revenue from cloud service providers expected to grow over 180% year-on-year [4] Market Trends - The global data center equipment market is projected to grow by 25-30% in 2025, with total global data center capacity expected to increase by nearly 25% year-on-year by 2026 [5] - The cooling equipment market is expected to grow at a compound annual growth rate of around 20% until 2030, with liquid cooling technology experiencing a remarkable growth rate of 45% due to the rising power consumption of AI chips [7] Supporting Industries - Companies in the supporting equipment sector, such as cooling systems and server components, are also expected to see significant growth, with Shunling Environment forecasting a net profit increase of 77.39% to 112.87% for 2025 [6] - Highlan Co. anticipates a net profit increase of 146.7% to 160.61% for 2025, indicating a strong demand for its liquid cooling products [6] - The overall performance of the cooling equipment market reflects the urgent need for advanced cooling solutions in high-density data centers, as traditional air cooling methods become inadequate [7]