根据IDC数据，2025全年中国液冷服务器市场规模将达到33.9亿美元，与2024年相比增长42.6%。IDC预 计，2025—2029年，中国液冷服务器市场年复合增长率将达到约48%，2028年市场规模将达到约162亿 美元。 开源证券研报认为，AI时代液冷从可选项走向必选项，原因包括主流计算芯片功耗不断增加、AI集群 功率密度提升、单机柜功率持续增长、双碳时代严控PUE（电能利用效率）。在数据中心高密度化时 代，液冷优势日益凸显。 5只概念股上半年盈利向好 据证券时报·数据宝统计，A股中布局液冷服务器的概念股共有32只，业绩上来看，9股发布了上半年业 绩预告、业绩快报或半年报，其中，飞荣达、中石科技、松芝股份、领益智造、飞龙股份5股归母净利 润预增或增长。 飞荣达预计今年上半年实现归母净利润1.55亿元—1.7亿元，同比增长103.95%—123.69%。上半年公司 AI服务器散热相关业务与部分重要客户的合作有序推进中，营业收入显著增长。公司在投资者问答平 台上表示，公司在液冷散热领域也已展现出显著的技术优势，在业务推进上取得了显著进展。 液冷服务器概念连续上涨 8月1日早盘，A股液冷服务器概念持续强势， ...

截至2025年8月1日 13:09，中证稀土产业指数下跌1.65%。成分股方面涨跌互现，科恒股份领涨2.22%，盛新锂能上涨1.61%，金风科技上涨1.56%；包钢股份 领跌，盛和资源、北方稀土跟跌。稀土ETF嘉实(516150)回调整固。拉长时间看，截至2025年7月31日，稀土ETF嘉实近2周累计上涨9.74%。 流动性方面，稀土ETF嘉实盘中换手2.49%，成交1.04亿元。拉长时间看，截至7月31日，稀土ETF嘉实近1周日均成交4.21亿元，居可比基金第一。 规模方面，稀土ETF嘉实近1周规模增长4.33亿元，实现显著增长，新增规模位居可比基金第一。份额方面，稀土ETF嘉实最新份额达30.32亿份，创成立以 来新高，位居可比基金第一。 从资金净流入方面来看，稀土ETF嘉实近9天获得连续资金净流入，最高单日获得1.91亿元净流入，合计"吸金"11.03亿元。 方正证券近日研报表示，稀土磁材板块方面，受缅甸克钦地区宣布2025年底禁采稀土矿及美国6月稀土金属进口归零影响，引发了市场对于矿端供给收紧的 预期，氧化镨钕价格顺势突破50万/吨，权益市场情绪同样乐观。今年稀土行业的供需关系有望将得到显著改善，建议 ...

Group 1 - The company has increased collaboration with industry-leading clients in areas such as optical module cooling, server cooling, power supply, and humanoid robot components and assembly [2]

Group 1 - The company is exploring new opportunities in the cooling products sector, particularly in GPU, CPU, optical modules, and servers [2] - The company has successfully shipped cooling modules in bulk to international clients such as AMD and has developed a comprehensive range of cooling solutions including CDU, liquid cooling modules, liquid cooling plates, air cooling modules, heat pipes, uniform heat plates, and graphite sheets [2] - The related business operations are progressing smoothly [2]

Core Viewpoint - The contactless power transfer (CPT) industry in China is experiencing rapid growth due to the widespread application of wireless charging technology in electric vehicles, smart homes, and consumer electronics. The market size is projected to increase from 7 billion yuan in 2020 to 11 billion yuan in 2024, with a compound annual growth rate (CAGR) of 12.0% [1][14]. Group 1: Industry Overview - Contactless power transfer (CPT) refers to the transmission of electrical energy without physical connections, utilizing electromagnetic induction principles [4]. - CPT technology can be categorized into several types, including electromagnetic induction, magnetic resonance coupling, capacitive coupling, and microwave/laser-based power transfer [5]. - The development of the CPT industry in China can be divided into three stages: theoretical exploration before 2010, commercialization in electric vehicles and consumer electronics post-2010, and the establishment of industry standards and policies since 2019 [7]. Group 2: Market Dynamics - The CPT industry is benefiting from the rapid expansion of the electric vehicle market, where reducing charging time is a significant consumer concern. CPT technology offers higher efficiency and flexibility compared to traditional wired charging solutions [14]. - In the smart home sector, CPT technology enhances user experience by improving the interoperability of various devices, addressing power supply issues effectively [14]. - The consumer electronics market is also a major application area for CPT, as it alleviates user burdens and enhances charging safety, contributing to the continuous growth of the contactless power market [14]. Group 3: Competitive Landscape - The CPT industry is characterized by intense competition, particularly among midstream manufacturers and downstream end-users. Major companies include Anker Innovations, Luxshare Precision, and others [16]. - Anker Innovations, established in 2011, is a leading global consumer electronics brand, focusing on smart accessories and hardware, with significant revenue growth in charging solutions [18][19]. - Luxshare Precision is involved in various sectors, including consumer electronics and automotive, and has seen substantial revenue increases in its consumer electronics segment [21]. Group 4: Future Trends - Continuous technological innovation is expected to enhance energy conversion efficiency, transmission distance, and cost-effectiveness in CPT technology [23]. - The application fields of CPT technology are expanding beyond traditional areas to include industrial automation, healthcare, and smart transportation, promising broader market opportunities [24]. - Government policies, such as the regulations issued by the Ministry of Industry and Information Technology in May 2023, aim to promote the healthy development of the CPT industry [25].

公司方面，其表示核心标的包括：蓝思科技、领益智造、欣旺达、鹏鼎控股等。 *免责声明：文章内容仅供参考，不构成投资建议 隔夜苹果发布财报，营收碾压预期，同比增近10%，毛利率回落至46.5%仍位于指引区间高端，本季指 引46%-47%；二季度iPhone销售增逾13%，和Mac销售额较分析师预期高至少10%，iPad销售下滑8%， 服务收入再创新高、增13%。 苹果CEO库克称，苹果在华业务得到"国补"的帮助。同时苹果将"大幅增加"人工智能（AI）的投资， 并"对加速我们发展路线图的并购持开放态度"。 浙商证券表示，今年下半年，苹果有望推出首款真正意义上的AI智能手机，外观亦将迎来全面更新， 在多重创新的推动下，iPhone有望迎来新一轮换机周期，明年推出的首款折叠屏，更是有望将这轮果链 的持续创新升级推向高潮，未来两年果链核心供应商的产品ASP有望实现量价齐升。 *风险提示：股市有风险，入市需谨慎 ...

Group 1: Core Insights - The capital market's mergers and acquisitions (M&A) are shifting from "scale expansion" to "innovation-driven and industrial synergy" [1] - In the first seven months of this year, 2,037 listed companies disclosed 3,151 M&A transactions, a year-on-year increase of 9.9%, with major asset restructurings up by 148.08% [1][2] - The number of M&A transactions involving changes in control of listed companies has increased significantly, with 81 companies involved, marking a 131.43% year-on-year growth [2][3] Group 2: Characteristics of M&A - The main methods of control transfer are through agreement transfers, with an increase in absorption mergers among listed companies [2][3] - 40% of control transfers are related to hard technology sectors, aligning with regulatory guidance towards "hard technology" M&A [3] - M&A targets are increasingly characterized by their technological attributes, with over 70% belonging to strategic emerging industries like electronics and new energy [6] Group 3: Payment Methods - There is a trend towards diversified payment tools in M&A, including convertible bonds and acquisition loans, in addition to traditional cash and stock payments [7][8] - Over 20 listed companies have disclosed plans to apply for acquisition loans in the first seven months of this year [7] Group 4: Local Government Support - Local governments are promoting M&A to facilitate industrial upgrades and optimize resource allocation, with policies supporting financing and services for M&A activities [9] - The introduction of the "six M&A guidelines" has led to a rapid increase in M&A activities, enhancing the capital market's role as a primary channel for M&A [9]

Group 1 - The company plans to issue convertible bonds and pay cash to acquire 66.46% equity of Jiangsu Keda, with a total transaction price of 332.3 million yuan [8][9][22] - The convertible bonds will be issued to specific investors, with a maximum of 35 participants, to raise supporting funds not exceeding 207.4 million yuan [15][16] - The transaction aims to enhance the company's presence in the automotive parts industry, particularly in the production of automotive interior and exterior components [16][22] Group 2 - The acquisition is expected to provide significant synergies, leveraging Jiangsu Keda's established relationships with major automotive manufacturers and enhancing the company's product offerings [20][22] - The transaction will not change the company's controlling shareholder or actual controller, maintaining stability in governance [17] - Post-transaction, the company's total assets and revenue are projected to increase, while the equity attributable to shareholders will remain stable, ensuring no dilution of earnings per share [21][22] Group 3 - The convertible bonds will have an initial conversion price set at 6.50 yuan per share, which is not lower than 80% of the average stock price over the previous 60 trading days [14][22] - The company will utilize the raised funds primarily for supplementing working capital and repaying bank loans, with a significant portion allocated to the cash payment for the acquisition [16][22] - The transaction is subject to approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission, along with other necessary regulatory procedures [22]

从年内披露的并购重组相关内容来看，上市公司控股股东或实际控制人变化的并购重组数量增多，涉及 81家上市公司，同比增长131.43%。 从转让方式来看，主要是协议转让，其他为要约收购、吸收合并、无偿转让、法定转让、股权拍卖、执 行司法裁定等方式。其中，上市公司之间吸收合并有所增多，有4单涉及"A并A"，1单涉及"A并H"，1 单涉及"H并A"。 在并购重组从"规模扩张"转向"创新驱动+产业协同"的同时，并购重组市场也出现了三大新特点：涉及 上市公司控制权转让的交易数量大增；上市公司通过并购科技型企业实现跨越式发展；并购支付工具呈 现多元化。 从进展来看，上述涉及公司控股股东或实际控制人的并购重组活动中，有30家上市公司股权变更已经完 成过户，3家失败，其他正在推进中。 上市公司控制权转让增多 从上述30家完成股权变更的公司来看，21家通过协议转让或者"协议转让+表决权放弃"方式取得公司控 制权；4家为股权拍卖或执行司法裁定（破产重整）；3家为国有股份无偿转让，主要是央企、国企推进 专业化整合；2家为法定转让，主要涉及遗产继承。 "今年以来上市公司控制权转让案例大幅增长，协议转让成为主流。同时，还出现了'A并A' ...

本报记者 吴晓璐 近日，中国证监会召开证监会系统党的建设暨2025年年中工作会议提出，大力推动上市公司提升投资价值，抓好"并购六 条"和重大资产重组管理办法落实落地。 今年以来，资本市场并购重组活跃度持续提升。据同花顺iFinD数据统计，今年前7个月，累计已有2037家上市公司披露 3151单并购重组（以首次公告日统计），同比增长9.9%。其中，重大资产重组129单，同比增长148.08%。 并购标的科技属性突出 从进展来看，上述涉及公司控股股东或实际控制人的并购重组活动中，有30家上市公司股权变更已经完成过户，3家失 败，其他正在推进中。 从上述30家完成股权变更的公司来看，21家通过协议转让或者"协议转让+表决权放弃"方式取得公司控制权；4家为股权拍 卖或执行司法裁定（破产重整）；3家为国有股份无偿转让，主要是央企、国企推进专业化整合；2家为法定转让，主要涉及遗 产继承。 "今年以来上市公司控制权转让案例大幅增长，协议转让成为主流。同时，还出现了'A并A''A并H'等跨市场整合，这一现 象是政策引导、产业升级与市场环境共振的结果。"东吴证券首席经济学家芦哲在接受《证券日报》记者采访时表示，"并购六 条"明 ...