Financial Performance - Revenue for the reporting period reached 1,712,557,931.47 yuan, a year-on-year increase of 38.24%[10] - Net profit attributable to shareholders of the listed company was 183,466,097.22 yuan, up 99.63% year-on-year[10] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 171,293,089.93 yuan, a year-on-year increase of 113.50%[10] - Basic earnings per share were 0.25 yuan, an increase of 92.31% compared to the same period last year[10] - Diluted earnings per share were 0.25 yuan, up 108.33% year-on-year[10] - Weighted average return on equity was 7.13%, an increase of 2.94 percentage points compared to the same period last year[10] - Total assets at the end of the reporting period were 4,893,018,023.11 yuan, a decrease of 3.89% compared to the end of the previous year[10] - Net assets attributable to shareholders of the listed company were 2,586,843,565.84 yuan, an increase of 4.05% compared to the end of the previous year[10] - Cash flow from operating activities was -45,657,141.22 yuan, a decrease of 80.73% compared to the same period last year[10] - Revenue increased by 38.24% to 1,712,557,931.47 yuan, driven by growth in data center temperature control and energy-saving products[28] - Operating costs rose by 40.37% to 1,181,895,566.04 yuan, corresponding to the increase in revenue[28] - R&D investment grew by 29.65% to 143,255,035.47 yuan, reflecting continued focus on innovation[28] - Data center temperature control and energy-saving products accounted for 49.96% of total revenue, up from 37.15% in the previous year[29] - Domestic market revenue increased by 44.16% to 1,437,131,164.57 yuan, representing 83.92% of total revenue[29] - Overseas revenue grew by 13.84% to 275,426,766.90 yuan, accounting for 16.08% of total revenue[29] - Revenue from precision temperature control and energy-saving equipment reached 1,712,557,931.47 yuan, a year-on-year increase of 38.24%[30] - Gross profit margin for precision temperature control and energy-saving equipment decreased by 1.05% year-on-year to 30.99%[30] - Revenue from domestic market increased by 44.16% year-on-year to 1,437,131,164.57 yuan[30] - Revenue from overseas market increased by 13.84% year-on-year to 275,426,766.90 yuan[30] - Other income, mainly from government subsidies and VAT deductions, amounted to 29,016,957.06 yuan, accounting for 14.33% of total profit[31] - Monetary funds decreased by 4.99% to 659,579,635.33 yuan, mainly due to increased investment in construction projects and dividend distribution[32] - Accounts receivable increased by 0.49% to 1,687,460,759.69 yuan, mainly due to increased customer repayments[32] - Inventory increased by 0.94% to 692,503,008.78 yuan, mainly due to unaccepted projects and increased raw material inventory[33] - Short-term loans increased by 1.16% to 420,000,000.00 yuan, mainly due to increased bank loans[33] - Long-term loans increased by 0.15% to 101,691,437.99 yuan, mainly due to increased bank loans for fixed assets[33] - The total amount of funds raised in 2021 was RMB 308.9999 million, with a net amount of RMB 302.4126 million. During the reporting period, RMB 66.099 million was used, and the cumulative amount used was RMB 310.1935 million[38] - The "Precision Temperature Control and Energy-saving Equipment South China Headquarters Base Project (Phase I)" had an adjusted investment total of RMB 202.4126 million, with RMB 66.099 million invested in the reporting period and a cumulative investment of RMB 210.1935 million, achieving 103.84% of the planned investment[39] - The "Working Capital Supplement Project" had a total investment of RMB 100 million, with 100% of the funds used by the end of the reporting period[39] - As of June 30, 2024, the balance of raised funds was RMB 0, with all funds having been used, and the remaining interest income from the raised funds account was RMB 674,686.38[40] - Shenzhen Envicool Software Technology Co., Ltd., a subsidiary, achieved a net profit of RMB 92.6564 million in the reporting period, with total assets of RMB 410.2221 million and operating income of RMB 158.1495 million[43][44] - The company faces risks from intensified market competition and potential unfavorable market changes. It plans to leverage its core competencies in understanding customer needs and rapidly launching high-quality products to maintain a competitive edge[45] - The company is expanding into new businesses based on a unified technology and business platform. If these new business expansions do not meet expectations, it could impact the company's operating performance[46] - The company has accumulated an impairment of goodwill of 912.155 million yuan as of the end of 2023, releasing some of the risks associated with goodwill impairment[49] - The company granted 9.16 million stock options to 305 incentive recipients at an exercise price of 19.61 yuan per share, completing the registration of the 2024 stock option incentive plan[55] - The company faces risks from changes in national industrial policies and international trade environments, which could impact its business in areas such as computing power, communications, energy storage, rail transit, and new energy vehicles[48] - The company has implemented a stock option incentive plan to align the long-term interests of employees, the company, and shareholders, ensuring competitiveness in the industry[47] - The company held its 2024 first extraordinary general meeting with a 55.29% investor participation rate and its 2023 annual general meeting with a 54.77% participation rate[51] - The company plans to distribute no cash dividends, no stock dividends, and no capital reserve to share capital in the first half of the year[53] - The company has established a performance management and evaluation system to achieve performance-based survival of the fittest[47] - The company continues to optimize and adjust salary packages to ensure competitiveness within the industry and has implemented equity incentive plans[47] - The company has strengthened its corporate culture and focuses on discovering and cultivating new talents to continuously enrich its talent pool[47] - The company has formed a relatively large amount of goodwill after the acquisition of Shanghai Ketai, which will not be amortized but will be subject to annual impairment tests[49] - The company reported no environmental penalties or significant environmental issues during the reporting period[58] - The company was involved in other litigation and arbitration cases, primarily related to sales contracts and product liability disputes, with a total amount involved of approximately 130.51 million yuan, of which 104.63 million yuan remains unresolved as of the report date[60] - The company had no non-operational fund occupation by controlling shareholders or related parties during the reporting period[59] - The company had no illegal external guarantees during the reporting period[59] - The company's semi-annual financial report was not audited[59] - The company had no significant litigation or arbitration matters during the reporting period[59] - The company engaged in daily-related transactions with Henan Sainuo Younong Technology Co., Ltd., amounting to 555,600 yuan, which did not exceed the approved transaction limit of 12.4304 million yuan[61] - The company and its subsidiaries received guarantees from related parties, with a total guarantee amount of 210 million yuan, all of which are still in effect[67] - The company had no asset or equity acquisition or sale-related transactions during the reporting period[62] - The company had no joint external investment-related transactions during the reporting period[63] - The company has leased a total area of 16,529.04 square meters from Shenzhen Quanxin Investment Co., Ltd., with a lease period from March 1, 2021, to February 28, 2026[69] - Shenzhen Envicool Technology Co., Ltd. has leased 4,085.00 square meters from Shenzhen Quanxin Investment Co., Ltd., with a lease period from November 1, 2023, to February 9, 2028[69] - The company has leased 2,775.50 square meters from Shenzhen Quanxin Investment Co., Ltd., with a lease period from October 1, 2023, to September 30, 2025[69] - Shenzhen Envicool Technology Co., Ltd. has leased 2,500.00 square meters from Shenzhen Saiye Model Co., Ltd., with a lease period from November 1, 2021, to March 31, 2025[69] - The company has leased 1,020.00 square meters from Shenzhen Saiye Model Co., Ltd., with a lease period from May 8, 2023, to March 31, 2025[69] - Shenzhen Envicool Technology Co., Ltd. has leased 2,062.00 square meters from Shenzhen Zhihuihe Property Management Service Co., Ltd., with a lease period from January 1, 2023, to December 31, 2026[69] - The company has leased 1,830.00 square meters from Shenzhen Zhihuihe Property Management Service Co., Ltd., with a lease period from January 1, 2023, to December 31, 2026[69] - Shenzhen Envicool Technology Co., Ltd. has leased 2,030.00 square meters from Shenzhen Zhihuihe Property Management Service Co., Ltd., with a lease period from January 1, 2023, to December 31, 2027[69] - The company has leased 1,410.07 square meters from Shenzhen Quanxin Investment Co., Ltd., with a lease period from January 16, 2024, to January 31, 2027[69] - Shenzhen Envicool Information Technology Co., Ltd. has leased 2,090.65 square meters from Shenzhen Quanxin Investment Co., Ltd., with a lease period from March 1, 2021, to February 28, 2026[69] - The actual total guarantee amount accounts for 2.71% of the company's net assets[72] - The company used 70 million yuan of its own funds and 50 million yuan of raised funds for bank wealth management products, totaling 120 million yuan[72] - The company announced its 2024 stock option incentive plan on January 16, 2024, with related resolutions and announcements[74] - The company completed the registration of the 2024 stock option incentive plan on March 26, 2024[75] - The 2023 profit distribution and capital reserve to share capital plan was announced on April 11, 2024[76] - The company used temporarily idle raised funds for cash management, with redemption announcements on January 3 and February 3, 2024[77] - The company completed industrial and commercial registration changes on May 17, 2024[78] - A shareholder's partial share pledge extension was announced on February 8, 2024[79] - The company announced the 2023 asset impairment provision on April 16, 2024[80] - A specific shareholder's share reduction plan was announced on April 30, 2024[81] - The total number of shares increased from 568,417,160 to 739,572,070, with a net increase of 171,154,910 shares due to capital reserve conversion and other adjustments[84] - The company implemented a 2023 annual profit distribution, issuing a cash dividend of RMB 2 per 10 shares and a capital reserve conversion of 3 shares per 10 shares, totaling RMB 113,780,318.60 and 170,670,477 shares respectively[85] - Restricted shares decreased by 10,236,209 shares, while newly added restricted shares amounted to 22,430,928 shares, resulting in a net increase of 12,194,719 restricted shares[84] - The company's 2022 stock option incentive plan saw 484,433 shares exercised during the reporting period[85] - The basic and diluted earnings per share decreased due to the increase in total shares following the implementation of the profit distribution and stock option exercises[85] - Shenzhen Envicool Technology Co., Ltd.'s largest shareholder, Shenzhen Envicool Investment Co., Ltd., holds 25.48% of the shares, totaling 188,476,541 shares[90] - Hong Kong Securities Clearing Company Limited is the second-largest shareholder with an 11.48% stake, holding 84,902,847 shares[90] - Qi Yong, the actual controller of Shenzhen Envicool Investment Co., Ltd., holds a 5.73% stake, totaling 42,400,686 shares[90] - The top 10 shareholders collectively hold a significant portion of the company's shares, with Shenzhen Envicool Investment Co., Ltd. and Hong Kong Securities Clearing Company Limited being the most prominent[90][91] - The company's directors and senior management collectively increased their holdings by 29,907,904 shares during the reporting period, bringing their total holdings to 129,600,924 shares[94] - The company's actual controller and controlling shareholder remained unchanged during the reporting period[95] - The company did not issue any preferred shares during the reporting period[96] - The company did not issue any bonds during the reporting period[97] - The company's semi-annual financial report was not audited[98] - Total assets decreased from 5,091,055,172.06 yuan to 4,893,018,023.11 yuan, a decline of 3.9%[100][102] - Current assets decreased from 4,229,188,584.85 yuan to 3,798,938,842.30 yuan, a decline of 10.2%[100] - Non-current assets increased from 861,866,587.21 yuan to 1,094,079,180.81 yuan, an increase of 26.9%[100] - Total liabilities decreased from 2,609,121,157.31 yuan to 2,310,396,251.77 yuan, a decline of 11.4%[101] - Owner's equity increased from 2,481,934,014.75 yuan to 2,582,621,771.34 yuan, an increase of 4.1%[101] - Cash and cash equivalents decreased from 940,337,221.98 yuan to 659,579,635.33 yuan, a decline of 29.9%[99] - Accounts receivable decreased from 1,730,923,290.80 yuan to 1,687,460,759.69 yuan, a decline of 2.5%[99] - Inventory increased from 672,726,419.24 yuan to 692,503,008.78 yuan, an increase of 2.9%[99] - Short-term borrowings increased from 378,000,000.00 yuan to 420,000,000.00 yuan, an increase of 11.1%[100] - Fixed assets increased from 287,356,931.86 yuan to 343,945,262.98 yuan, an increase of 19.7%[100] - Total revenue for the first half of 2024 reached 1,712,557,931.47 yuan, a significant increase from 1,238,868,131.93 yuan in the same period of 2023[105] - Net profit for the first half of 2024 was 183,274,959.26 yuan, compared to 93,837,004.05 yuan in the first half of 2023[106] - R&D expenses increased to 143,255,035.47 yuan in the first half of 2024, up from 110,494,304.75 yuan in the same period of 2023[105] - Total assets as of the end of the first half of 2024 were 4,136,216,053.43 yuan, a decrease from 4,418,728,719.36 yuan at the end of the first half of 2023[103] - Total liabilities decreased to 1,943,385,050.29 yuan in the first half of 2024 from 2,367,443,329.22 yuan in the first half of 2023[103] - Shareholders' equity increased to 2,192,831,003.14 yuan in the first half of 2024, up from 2,051,285,390.14 yuan in the same period of 2023[104] - Operating profit for the first half of 2024 was 199,058,022.15 yuan, nearly double the 101,119,523.12 yuan recorded in the first half of 2023[106] - Sales expenses rose to 116,564,528.12 yuan in the first half of 2024, compared to 111,984,307.13 yuan in the same period of 2023[105] - The company's total non-current assets increased to 878,694,169.62 yuan in the first half of 2024 from 840,755,954.90 yuan in the first half of 2023[103] - The company's total current liabilities decreased to 1,820,977,369.35 yuan in the first half of 2024 from 2,186,991,517.97 yuan in the same period of 2023[103] - Revenue for the first half of 2024 reached 1,616,309,505.18 yuan, a 38.7% increase compared to 1,165,588,937.70 yuan in the same period of 2023[107] - Net profit for the first half of 2024 was 224,600,956.82 yuan, a 64.6% increase from 136,447,376.37 yuan in the first half of 2023[107] - R&D expenses increased to 88,473,184.60 yuan in the first half of 2024, up 25.6% from 70,435,547.16 yuan in the same period of 2023[107] - Cash

Invik Technology 2024 Semi-Annual Performance Forecast [Overview of Performance Forecast](index=1&type=section&id=Item%20I.%20Expected%20Performance) The company forecasts substantial performance growth for the first half of 2024, driven by significant increases in key profitability metrics 2024 Semi-Annual Performance Forecast Core Indicators | Item | Current Reporting Period (2024.1.1 - 2024.6.30) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | **Profit: 165.43 Million CNY – 193.00 Million CNY** | Profit: 91.90 Million CNY | | Year-over-Year Growth | 80.00% - 110.00% | - | | **Net Profit After Deducting Non-Recurring Gains and Losses** | **Profit: 153.26 Million CNY - 180.83 Million CNY** | Profit: 80.23 Million CNY | | Year-over-Year Growth | 91.02% - 125.39% | - | | **Basic Earnings Per Share** | **0.22 CNY/Share - 0.26 CNY/Share** | 0.13 CNY/Share | [Communication with Accounting Firm](index=1&type=section&id=Item%20II.%20Communication%20with%20Accounting%20Firm) The company confirms that the financial data in this performance forecast has not undergone pre-audit by an accounting firm - The financial data in this performance forecast has not been pre-audited by an accounting firm[6](index=6&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=Item%20III.%20Explanation%20of%20Performance%20Changes) Performance growth is attributed to broad business segment expansion, effective cost control through R&D and procurement, and reduced share-based compensation expenses - All business segments achieved growth, with particularly rapid expansion in **data center temperature control and energy-saving products**[7](index=7&type=chunk) - The company effectively mitigated adverse impacts from rising raw material prices through continuous technology and product R&D, optimized product design, and procurement strategies[7](index=7&type=chunk) - A year-over-year decrease in **share-based compensation expenses** also contributed to profit growth[7](index=7&type=chunk) [Other Relevant Information](index=2&type=section&id=Item%20IV.%20Other%20Relevant%20Information) The company advises investors that this preliminary forecast is subject to the final semi-annual report and cautions against investment risks - This performance forecast represents preliminary results from the financial department, with specific data subject to the **2024 semi-annual report**[8](index=8&type=chunk) - Investors are advised to make cautious decisions and be aware of investment risks[8](index=8&type=chunk)

Financial Data and Key Metrics - The company's revenue from liquid cooling in data centers increased approximately threefold year-over-year in 2023 [3] - The company delivered over 900 MW of liquid cooling equipment by March 2024 [3] - The company's total revenue and net profit attributable to shareholders have grown at a compound annual growth rate (CAGR) of over 20% in the past five years [4] - In Q1 2024, the company's performance was strong due to delayed settlements of data center orders from Q3 and Q4 2023, as well as incremental revenue from liquid cooling [4] Business Line Data and Key Metrics - Data center liquid cooling revenue grew approximately threefold year-over-year in 2023 [3] - The company's energy storage temperature control business revenue reached RMB 337 million in 2021, a 3.5x increase year-over-year, driving a 30% increase in total revenue that year [4] - The company's liquid cooling products saw rapid growth in 2022, with a year-over-year increase of 4x, and maintained a fast growth rate in 2023, with a year-over-year increase of approximately threefold [4] - The company's data center temperature control business accounted for 46.5% of total revenue in 2023, with a five-year CAGR of 27% [22] - The outdoor cabinet temperature control business accounted for 41.5% of total revenue in 2023, with a five-year CAGR of 40.68%, of which energy storage contributed RMB 1.22 billion, a 44% year-over-year increase [22] Market Data and Key Metrics - The company has a strong customer base, including Huawei, ZTE, Baidu, Alibaba, Tencent, CNPC, CNOOC, and third-party operators such as GDS, Chindata, China Mobile, China Telecom, and China Unicom [3] - The company's overseas revenue has been steadily increasing, with active expansion in Southeast Asia, Singapore, and other regions, following clients like ByteDance and Chindata [33] Company Strategy and Industry Competition - The company has a full-chain layout and self-developed products, with a complete solution from server internal cold plates to external equipment, achieving large-scale commercialization in 2021 [3] - The company has a strong technical and industrial background, with executives from Huawei and Emerson, providing a competitive edge in the liquid cooling industry [3] - The company has been proactive in seizing industry opportunities, such as entering the energy storage application field before the industry demand exploded in 2022 [32] - The company's full-chain solution helps avoid issues like inconsistent product standards and unclear post-operation responsibilities, facilitating rapid market deployment [27] Management Commentary on Operating Environment and Future Outlook - The company believes that the liquid cooling industry will experience a significant increase in penetration rate this year, driven by AI chip power consumption, high-density cabinet demand, and telecom operators' active deployment of liquid cooling computing centers [18] - The company expects its data center temperature control business to maintain a rapid growth rate of around 30% in the future, driven by the rapid growth of liquid cooling business [22] - The company's overseas revenue is expected to gradually increase in the future, with active expansion in overseas energy storage projects [40] Other Important Information - The company's gross margin has been recovering, with the comprehensive gross margin reaching over 30% in 2023, and net profit margin maintained at around 10% [22] - The company's R&D investment, both in absolute terms and as a percentage of revenue, is at a leading level in the industry, helping to maintain core competitiveness [35] Summary of Q&A Session Question: What are the advantages of the company in the liquid cooling industry? - The company has a full-chain layout and self-developed products, with a complete solution from server internal cold plates to external equipment, achieving large-scale commercialization in 2021 [3] - The company has a strong customer base, including Huawei, ZTE, Baidu, Alibaba, Tencent, CNPC, CNOOC, and third-party operators such as GDS, Chindata, China Mobile, China Telecom, and China Unicom [3] - The company has a strong technical and industrial background, with executives from Huawei and Emerson, providing a competitive edge in the liquid cooling industry [3] Question: What are the company's achievements in the energy storage temperature control field? - The company achieved RMB 1.22 billion in energy storage revenue in 2023, a 44% year-over-year increase, and expects future growth to remain between 30% to 40% [44] - The company has launched a full-chain liquid cooling thermal management 2.0 solution, including cabinets, water machines, zero-line connectors, and various pipeline products, gaining recognition from multiple customers [44] Question: What are the challenges faced by the liquid cooling thermal management industry? - The industry faces challenges such as certification barriers and the need for recognition from chip manufacturers, server manufacturers, and data center integrators [10] - The company's ABC temperature control products have been certified by Huawei and other chip manufacturers, gaining recognition from supercomputing centers and other clients [10]

Investment Rating - The report maintains a "Buy" rating for the company, with expected PE ratios of 34, 26, and 20 times for the years 2024, 2025, and 2026 respectively [1]. Core Insights - The company is projected to achieve a net profit of 510 million, 666 million, and 862 million yuan for the years 2024, 2025, and 2026, respectively, indicating a significant growth trajectory [1]. - The company reported a revenue of 7.46 billion yuan in Q1 2024, representing a year-on-year increase of 41.36%, and a net profit of 620 million yuan, which is a 146.93% increase year-on-year [19]. - The company has successfully implemented a stock option incentive plan for 305 core employees, granting 9.16 million options with an exercise price of 19.61 yuan per share, aimed at enhancing employee motivation and long-term development [8][23]. Financial Performance - The company’s revenue for 2022 was 2.923 billion yuan, with projections of 3.529 billion yuan for 2023, 4.891 billion yuan for 2024, 6.613 billion yuan for 2025, and 8.352 billion yuan for 2026, reflecting a compound annual growth rate [7]. - The net profit for 2022 was 280 million yuan, with forecasts of 344 million yuan for 2023, 510 million yuan for 2024, 666 million yuan for 2025, and 862 million yuan for 2026, indicating robust growth [7]. - The company’s gross margin for Q1 2024 was reported at 29.51%, with a net margin of 8.26%, showing improvements in profitability despite a slight decrease in gross margin year-on-year [7]. Market Position and Competitive Advantage - The company is leveraging its liquid cooling technology, which has become a preferred solution for high-density data centers, and has delivered a total of 900MW of liquid cooling projects as of March 2024 [20]. - The introduction of the BattCool solution for energy storage systems positions the company favorably in the growing market for energy storage, with the first delivery of a 5MWh high-density system completed in January 2024 [20].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 745,644,712.04, representing a 41.36% increase compared to CNY 527,465,864.45 in the previous period, primarily due to increased revenue from temperature control energy-saving products[12]. - Net profit attributable to shareholders was ¥61,975,220.35, representing a significant increase of 146.93% from ¥25,097,874.30 year-over-year[24]. - Net profit excluding non-recurring items was ¥54,307,745.62, up 169.65% from ¥20,139,963.91 in the previous year[24]. - Comprehensive income for Q1 2024 was ¥62,036,276.62, a substantial rise from ¥28,075,145.08 in Q1 2023[40]. - The company reported a net profit of ¥61,570,555.24, compared to ¥28,511,888.89 in the previous period, reflecting an increase of approximately 116.2%[51]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 56,269,339.69, a 198.31% increase from a negative CNY 57,237,614.28 in the previous period, driven by higher cash receipts from sales[12]. - Operating cash flow improved to ¥56,269,339.69, a 198.31% increase from a negative cash flow of -¥57,237,614.28 in the same period last year[24]. - The company's cash inflow from operating activities reached ¥997,495,854.22, compared to ¥592,506,988.74 in the previous period, indicating a significant increase of approximately 68.3%[53]. - The company's cash and cash equivalents increased slightly to CNY 950,845,280.27 from CNY 940,337,221.98, indicating stable liquidity[17]. - The company's cash and cash equivalents at the end of the period were ¥777,128,581.98, down from ¥500,275,702.86 in the previous period[53]. Assets and Liabilities - The company's total assets decreased to CNY 4,839,965,583.79 from CNY 5,091,055,172.06, indicating a reduction in overall asset base[18]. - Total assets at the end of the reporting period were ¥4,839,965,583.79, down 4.93% from ¥5,091,055,172.06 at the end of the previous year[24]. - The company’s total liabilities decreased, reflecting a strategic focus on reducing debt levels[18]. - The total equity attributable to shareholders of the parent company increased to ¥2,565,023,783.11 from ¥2,486,071,338.29, marking a growth of about 3.2%[49]. - The company’s total liabilities and equity amounted to ¥4,839,965,583.79, compared to ¥5,091,055,172.06 in the previous period, indicating a decrease of approximately 4.9%[49]. Operating Costs and Expenses - The company experienced a 48.14% increase in operating costs, which rose to CNY 525,630,685.25, in line with the increase in operating revenue[12]. - Total operating costs for Q1 2024 were ¥691,642,199.61, up from ¥502,680,474.33, reflecting a significant increase in operational expenses[37]. - R&D expenses for Q1 2024 amounted to ¥65,212,628.16, compared to ¥52,350,816.15 in the previous year, indicating a 24.5% increase[37]. Strategic Initiatives - The company plans to expand its market presence and invest in new product development as part of its growth strategy[15]. - The stock option incentive plan was approved, allowing the company to grant 9.16 million stock options at a price of CNY 19.61 per option to 305 eligible participants[15]. - The company is actively pursuing market expansion and new product development strategies, although specific details were not disclosed in the current report[30]. Shareholder Information - The number of common shareholders at the end of the reporting period was 29,627, with the largest shareholder holding 25.49%[29]. - The largest shareholder, Shenzhen Yingweike Investment Co., Ltd., held 144,981,955 shares, representing 25.49% of total shares[29].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% relative to the industry index in the next six months [22]. Core Views - The company has achieved continuous double growth in revenue and profit, driven by accelerated demand for computing power and sustained growth in the energy storage industry [1][12]. - The company is positioned to benefit from the ongoing upgrade in cooling demand, with a strong focus on research and development to enhance its competitive edge [13][15]. Financial Summary - Revenue for 2023 is reported at 3,529 million yuan, a year-on-year increase of 20.72%, while net profit attributable to the parent company is 344 million yuan, up 22.74% [12]. - The company forecasts net profits of 510 million yuan, 666 million yuan, and 862 million yuan for 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 33.9, 26.0, and 20.1 [5][12]. - The gross margin for 2023 improved to 32.35%, an increase of 2.54 percentage points year-on-year, attributed to cost reduction measures and stable raw material costs [13]. Business Segments - The company’s revenue from energy storage applications reached approximately 1.22 billion yuan in 2023, reflecting a year-on-year growth of 44% [15]. - The cooling products for data centers and computing equipment are expected to see rapid growth, with the company having delivered 900MW in liquid cooling solutions by March 2024 [25]. Market Position - The company is recognized as a leader in the domestic energy storage temperature control industry, leveraging its brand and customer base to capture long-term growth opportunities [15]. - The company is actively expanding into new regional markets for rail transit air conditioning projects, aiming to capitalize on the recovery trend in the industry [1].

Market Presence and Product Development - The company has delivered a cumulative total of 900MW in liquid cooling solutions as of March 2024, highlighting its significant market presence in this technology[4]. - The company has launched the Coolinside liquid cooling cabinet and a full-chain liquid cooling solution, which includes various components such as cold sources and leak detection systems[4]. - The company has provided efficient cooling systems to major data center clients, including Tencent and Alibaba, positioning itself in the rapidly growing cloud computing market[9]. - The company’s latest subway air conditioning model, featuring intelligent and environmentally friendly characteristics, is expected to be operational by April 2024[5]. - The company launched several new products in 2023, including XFreeCooling pneumatic heat pipe and XRow 4.0 row air conditioning systems, enhancing its product offerings in the data center cooling solutions market[59]. - The company is actively involved in the development of new technologies, including low-temperature heat pump technology and integrated cooling systems for electric buses[61]. - The company is focusing on expanding its product line in the automotive air conditioning sector to enhance competitiveness[115]. Financial Performance - The total operating revenue for the reporting period was CNY 3,528.86 million, representing a growth of 20.72% compared to the previous year[66]. - The net profit attributable to shareholders was CNY 344.01 million, an increase of 22.74% year-on-year[66]. - The net cash flow from operating activities was CNY 453.07 million, showing a significant increase of 135.50% compared to the previous year[66]. - The company's total operating costs for 2023 amounted to ¥2,387,250,457.53, representing a year-on-year increase of 16.36% compared to ¥2,051,688,195.61 in 2022[49]. - The company's revenue from energy storage applications reached approximately CNY 1.22 billion, a year-on-year increase of about 44%[61]. - The revenue from cabinet temperature control energy-saving products grew by 33.00% year-on-year, amounting to ¥1,465,415,511.23[127]. - The company achieved a gross profit margin of 32.35% for precision temperature control energy-saving products, with a gross profit of ¥1,141,608,619.60[128]. Research and Development - The company has a total of 1,126 intellectual property rights, including 1,026 patents, of which 59 are invention patents, indicating a strong focus on innovation[8]. - Research and development (R&D) investment reached ¥263,007,210.55 in 2023, up 34.45% from ¥195,624,350.29 in 2022, with R&D expenses accounting for 7.45% of operating revenue[51]. - The company increased its R&D personnel to 1,279, a 26.38% increase from 2022, with R&D personnel now representing 33.19% of the total workforce[137]. - The company is committed to developing new products and business lines based on a unified technology platform to mitigate operational risks[174]. - The company’s long-term commitment to R&D investment aligns with the increasing energy efficiency requirements in the data center construction[79]. Strategic Partnerships and Collaborations - The company signed a project cooperation memorandum with Intel and other partners to accelerate the testing and promotion of liquid cooling solutions[4]. - The company has established strong partnerships with major clients such as Huawei and Eltek, indicating robust market trust and collaboration[101]. - The company has expanded its presence in the new energy bus air conditioning sector, gaining trust from manufacturers like BYD and Nanjing Jinlong[103]. Market Trends and Industry Position - The company is positioned as a leading supplier in the domestic energy storage temperature control industry, with a growing demand for energy storage systems driven by carbon neutrality goals[60]. - The demand structure for temperature control systems in the data center industry continues to evolve, with the indirect evaporative cooling technology being widely recognized as one of the most effective mature technologies for reducing energy consumption, leading to an increase in market penetration[79]. - The newly installed capacity of new energy storage in China reached 21.5GW/46.6GWh in 2023, with both power and energy scales exceeding 150% year-on-year[82]. - The liquid cooling system has become mainstream in large-capacity energy storage systems, helping to extend battery life and reduce system costs[82]. Operational Challenges and Risks - The company has seen a slight decline in the gross profit margin of its cabinet temperature control business due to increased market competition[36]. - The company faces risks from potential changes in national industrial policies that could impact its business operations[176]. - The company reported a goodwill impairment provision, resulting in goodwill decreasing to CNY 157,334,097.19, down from CNY 232,640,040.85 in the previous year[162]. Corporate Governance and Management - The company held 1 shareholders' meeting during the reporting period, approving a total of 14 proposals[184]. - The board of directors consists of 9 members, including 3 independent directors, and held 5 meetings during the reporting period, passing 26 proposals[196]. - The supervisory board, comprising 3 members, held 5 meetings and approved 21 proposals, ensuring compliance and oversight of major company matters[197]. - The company emphasizes investor relations management, utilizing various communication methods to enhance investor understanding of its operations and development prospects[198].

深圳市英维克科技股份有限公司 2023 年度独立董事述职报告 本人作为深圳市英维克科技股份有限公司（以下简称"公司"）的独立董事，根据《中 华人民共和国公司法》《上市公司独立董事管理办法》《深圳证券交易所上市公司自律监 管指引第 1 号——主板上市公司规范运作》等有关法律法规要求，及《公司章程》《独立 董事工作制度》相关条款要求，忠实履行职责，积极出席相关会议，认真审议董事会各 项议案，充分发挥独立董事的作用。现将本人在 2023 年任职期间的履职情况汇报如下： 报告期内，本人严格遵守《公司法》《上市公司治理准则》《上市公司独立董事管理 办法》等法律法规以及《公司章程》对独立董事的任职要求，持续保持独立性，在 2023 年度不存在影响独立性的情形。 二、出席公司会议情况 1、出席董事会的情况。 2023 年公司共召开董事会 5 次，本人亲自出席会议 5 次，无授权委托出席、缺席、 连续两次未亲自参加董事会会议情况。对董事会的议案，本人均投了赞成票。 一、独立董事的基本情况 2、出席股东大会的情况。 （一）基本情况 2023 年公司共召开股东大会 1 次，即 2022 年度股东大会，审议议案 14 项。本人亲 ...

证券代码：002837 证券简称：英维克 公告编号：2023-071 深圳市英维克科技股份有限公司 关于副总经理逝世的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市英维克科技股份有限公司（以下简称"公司"）沉痛公告，公司副总 经理吴刚先生于 2023 年 12 月 2 日不幸逝世。 吴刚先生在公司任职期间，恪尽职守、勤勉尽责，认真履行副总经理应尽的 职责和义务，为公司的发展做出了不懈努力和重要贡献。公司董事、监事、高级 管理人员及全体员工将继续致力于公司持续健康发展，公司的正常生产经营活动 不会因此受到影响。 截止本公告日，吴刚先生直接持有 8,840,309 股, 占公司股份总额的 1.56%。 吴刚先生持有的公司股份将按法律、法规办理继承手续，公司将依据相关法律法 规的要求履行后续相关事宜的信息披露义务。 公司全体董事、监事、高级管理人员及全体员工，对吴刚先生为公司的辛勤 付出和重要贡献致以衷心的感谢和崇高的敬意，对吴刚先生的逝世表示沉痛哀悼， 并向吴刚先生的家属致以深切的慰问！ 特此公告。 深圳市英维克科技股份有限公司 董事会 二〇二三年十 ...

证券代码：002837 证券简称：英维克 公告编号：2023-070 深圳市英维克科技股份有限公司 关于部分董监高减持计划期限届满的公告 本公司董事韦立川先生，监事会主席刘军先生，副总经理王铁旺先生、陈川 先生、游国波先生保证向本公司提供的信息内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 1、高级管理人员王铁旺先生、游国波先生未减持其所持有的公司股份； 2、董事韦立川先生、监事会主席刘军先生、高级管理人员陈川先生减持股 份情况如下： | 股东 | 减持方式 | 减持股份 | 减持期间 | 减持均价 | 减持价格区间 | 减持股数 | 占公司减持时 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | | 来源 | | （元/股） | （元/股） | （股） | 总股本比例 | | 韦立川 | 集中竞价 | 首次公开 | 2023.06.06-2 | 32.55 | 30.71-33.50 | 269,800 | 0.0478% | | | | 发行前股份 | 023.06.19 | | | | | | 刘军 | 集中竞价 | 首次 ...