通信：AI算力带动温控价值提升，百亿液冷市场开启

Investment Rating - The industry investment rating is "Buy" for the stock of Shunling Environment, indicating an expected increase of over 15% in the next 6-12 months compared to the relevant market index [7][10]. Core Insights - The acquisition of core assets and technology from Bixin Energy by Weidi enhances its product strength in chillers and heat pumps, which is crucial for the cooling solutions market [2]. - The liquid cooling market is projected to reach a scale of $12.6 billion in China by the first half of 2024, with a year-on-year growth of 98.3$10.2 billion by 2028 [7]. - The increasing power consumption of chips, alongside PUE energy efficiency requirements, is driving the demand for liquid cooling solutions, making it a preferred option for high-density computing centers [7]. Summary by Sections Company Developments - Weidi's acquisition of Bixin Energy's core assets focuses on the development and manufacturing of chillers, heat pumps, waste heat recovery, and air treatment equipment [2]. - Shunling Environment launched a modular liquid cooling system at the Asia Data Center Expo, designed to meet the needs of advanced computing centers [2]. Market Trends - The liquid cooling technology is expected to significantly improve data center cooling efficiency, with PUE values potentially dropping below 1.2, compared to traditional air cooling systems [7]. - The IDC report indicates that the liquid cooling server market in China is rapidly expanding, driven by the need for energy-efficient solutions in data centers [7]. Future Outlook - The report suggests a strong focus on companies like Yinvike, Shunling Environment, and others as potential investment opportunities in the growing liquid cooling market [2].