行业跟踪：先进制造产业链核心数据跟踪

Investment Rating - The report provides an industry investment rating based on the expected relative performance of the industry against the market benchmark index over the next six months, with a rating of "Buy" for expected returns over 30% [10]. Core Insights - The report highlights the significant growth potential in the liquid cooling server market in China, with an expected compound annual growth rate (CAGR) of 54.7% from 2022 to 2027, reaching a market size of 8.9 billion USD by 2027 [3]. - The report notes the advantages of liquid cooling technology, including low energy consumption, high heat dissipation efficiency, and low noise, making it a cost-effective and efficient temperature control solution [3]. - The report indicates that the mechanical equipment sector performed well, with notable stock price increases, while the electric equipment sector showed mixed results, with some stocks experiencing declines [2]. Summary by Sections Market Performance - The Shanghai Composite Index rose by 1.27%, with the CSI 300 increasing by 0.86% and the ChiNext Index up by 1.54% [2]. - The mechanical equipment sector had the highest performance among the 31 first-level industry classifications, with a gain of 1.67% [2]. Industry News - The report discusses the establishment of a large-scale liquid cooling cluster by China Telecom in Shanghai, which will support the training of trillion-parameter models [3]. - The report emphasizes the trend towards larger and more centralized data centers, which will benefit from the cost advantages of liquid cooling solutions [3].