Core Insights - The liquid cooling server industry is experiencing significant growth, driven by increased demand for high-density servers and efficient cooling solutions [1][2] - Major companies are actively investing in liquid cooling technologies, with substantial market opportunities projected in the coming years [2][3] Industry Developments - Xiechuang Data plans to invest up to 9 billion yuan to purchase servers from multiple suppliers, indicating accelerated infrastructure development in cloud computing [1] - The 5th International AIDC Liquid Cooling Supply Chain Summit will be held on December 18-19, focusing on technology exchange and market trends [1] Market Projections - UBS forecasts that the global direct liquid cooling market for data centers will grow from $1.138 billion in 2024 to $31.191 billion by 2030, with a compound annual growth rate of 51% [2] - The AI server liquid cooling market is expected to reach $23.746 billion, while the non-AI server liquid cooling market will grow to $7.446 billion [2] Company Highlights - Yingweike (002837) holds over 35% market share in liquid cooling technology and is a designated temperature control supplier for major clients like Tencent and Alibaba [2] - Shenling Environment (301018) is a core supplier for Huawei's data centers, with 63 liquid cooling patents and a PUE as low as 1.15 [2] - Highlan (300499) uniquely supplies both server and energy storage solutions, with a client base including ByteDance and Alibaba [3] Key Component Suppliers - Juhua (600160) is a leading domestic supplier of electronic-grade fluorinated liquids, aiming for a 15% global market share by 2025 [4] - Feirongda (300602) specializes in integrated cooling solutions and is a core supplier for Huawei servers [5] - Zhongshi Technology (300684) provides unique nano-carbon material cooling plates, with over 90% of its business in liquid cooling modules [5] System Integration Leaders - Inspur (000977) is a leading global liquid cooling server provider, with a projected market share of over 45% in 2024 [6] - Zhongke Shuguang (603019) collaborates on liquid cooling server development, introducing a high-density cooling solution for complex computing scenarios [6] - Unisplendour (000938) has a significant market presence with over 35% share in the operator market and expects liquid cooling orders to exceed 5 billion yuan in 2024 [6] Other Relevant Companies - Guangxun Technology (002281) is the only domestic company to achieve mass production of liquid cooling optical modules, holding a 15% global market share [7] - Changfei Optical Fiber (601869) applies optical fiber technology to liquid cooling, enhancing data transmission efficiency [8] - Ruijie Network (301165) offers a full range of liquid cooling products and has launched a new immersion liquid cooling switch [8]

Core Viewpoint - The company has signed a cooperation agreement with the Guangzhou Development Zone Management Committee to invest in the research and production of optical chips and modules, focusing on ultra-low power consumption for AI computing centers and supercomputing centers [1] Group 1: Company Initiatives - The company plans to develop ultra-low power optical modules using self-developed chips, targeting high-end applications [1] - The cooperation will be implemented in conjunction with a strategic cooperation framework agreement with Guangwei Technology (Guangzhou) Co., Ltd. and Guangjia Technology (Guangzhou) Co., Ltd. [1] Group 2: Industry Collaboration - The collaboration brings together industry resources to create a synergistic advantage in technology, products, and manufacturing [1] - Guangjia Technology's core team consists of experts in the optical chip and module field, including Dr. Song Yunpeng, a recognized expert in high-speed AI data connectivity [1] Group 3: Partner Capabilities - Guangwei Technology has launched several leading optical chip and module products with three key performance advantages: ultra-low power consumption, ultra-low error rate, and ultra-low latency [2] - Guangwei Technology is a supplier of optical modules that meet the highest performance requirements for national supercomputing centers, with its products designated as a single source for procurement [2]

Core Viewpoint - The company has signed a cooperation agreement with the Guangzhou Development Zone Management Committee for the research and production of optical chips and modules, which is expected to positively impact its future business performance [1] Group 1: Project Details - The company will invest in the research and production of optical chips and modules in the Guangzhou Development Zone [1] - The project will focus on developing ultra-low power optical modules using proprietary chips, suitable for high-end applications such as AI computing centers and supercomputing centers [1] Group 2: Expected Impact - The signing of the cooperation agreement is anticipated to have a positive influence on the company's entry into the optical chip and module industry [1] - Successful implementation of this cooperation is expected to positively affect the company's future operating performance [1]

Core Viewpoint - The company has signed a cooperation agreement with the Guangzhou Development Zone Management Committee to invest in a research and production project for optical chips and modules, aiming for industrial upgrade and mutual benefits [1] Group 1: Project Details - The project involves the establishment of a research and production facility for optical modules in the Guangzhou Development Zone [1] - The focus will be on developing ultra-low power optical modules using self-developed chips, suitable for high-end applications such as AI computing centers and supercomputing centers [1]

Core Viewpoint - The company has signed a cooperation agreement with the Guangzhou Development Zone Management Committee to invest in the research and production of optical chips and modules, which is expected to positively impact its future operating performance [1] Group 1: Investment and Project Details - The company will establish a research and production project for optical modules in the Guangzhou Development Zone [1] - The project will focus on developing ultra-low power optical modules using proprietary chip technology, suitable for high-end applications such as AI computing centers and supercomputing centers [1] Group 2: Expected Impact - The signing of this cooperation agreement is anticipated to have a positive influence on the company's entry into the optical chip and module industry [1] - Successful implementation of this cooperation is expected to enhance the company's future business performance [1]

Core Viewpoint - The company, Xiechuang Data, has signed a cooperation agreement with the Guangzhou Development Zone Management Committee to invest in the research and production of optical chips and modules, focusing on ultra-low power consumption optical modules for high-end applications such as AI computing centers and supercomputing centers [1] Group 1 - The investment will take place in the Guangzhou Development Zone [1] - The project aims to utilize self-developed chips for the production of optical modules [1] - The focus is on high-end application scenarios, particularly in AI and supercomputing [1]

证券代码：300857 证券简称：协创数据 公告编号：2025-157 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 协创数据技术股份有限公司 关于公司开展融资租赁业务的进展暨 公司为子公司提供担保进展的公告 协创数据技术股份有限公司（以下简称"公司"）对外提供担保 总额超过公司最近一期经审计净资产的100%，前述担保均为对合并报 表范围内单位提供的担保，处于公司可控范围内，敬请广大投资者充 分关注并注意投资风险。 一、交易进展概述 （一）融资租赁事项的基本情况 协创数据技术股份有限公司（以下简称"公司"）分别于2025 年5月27日、2025年6月12日召开第三届董事会第三十五次会议、2025 年第三次临时股东会，审议通过了《关于公司及子公司2025年度新增 向银行等金融或非金融机构申请综合授信暨有关担保及接受关联方 担保的议案》，由于公司业务量增加，为满足公司及子公司日常经营 和业务发展需要，2025年度，公司及子公司拟向银行等金融或非金融 机构新增总计不超过人民币800,000万元或等值外币（含）的授信额 度，授信内容包括但不限于：贷款、承 ...

协创数据技术股份有限公司 关于签署《光芯片、光模块研发和生产建设项目 合作协议书》的自愿性披露公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示: 证券代码：300857 证券简称： 协创数据 公告编号：2025-156 1、本次签署的《光芯片、光模块研发和生产建设项目合作协议 书》为双方投资合作达成的初步意向，不作为双方互相追究违约责任 的依据，双方合作事项的实施以后续签订的具体合作协议为准。另外， 本协议书涉及公司未从事过的新业务，协议执行及其对公司业绩的影 响具有较大的不确定性的风险。 2、各方是否展开后续合作暂不确定，具体的合作内容及进度将 根据双方后续签署的相关文件进一步落实和推进，合作的实施存在不 确定性。公司将根据后续各项目进展情况，按照相关法律法规要求履 行相应的决策程序和信息披露义务。 3、对上市公司当年业绩的影响：本次签订的协议为意向性协议， 对公司经营业绩的影响存在不确定性，需视协议各方合作实施情况而 定。敬请广大投资者谨慎决策，注意投资风险。 4、公司不存在最近三年披露的框架协议进展未达预期的情况。 一、协议签署及交易概况 ...

（记者 王瀚黎） 每经AI快讯，协创数据发布公告称，2025年12月16日下午14:00-16:30，协创数据接受南方基金等投资者 调研，公司副总经理陈礼平；副总经理、董事会秘书甘杏参与接待，并回答了投资者提出的问题。 每经头条（nbdtoutiao）——"太空快递"来了？全国首个民营飞船成功"上天"！背后公司创始人：正积 极开发"中型货运飞船"低成本产品 ...

Core Insights - Company announced plans to invest up to 9 billion yuan in server procurement to enhance cloud computing service capabilities [1] - Strategic collaboration established with Guangwei Technology and Guangjia Technology to enter the optical chip and module market [2] - Company is positioned as a certified partner of NVIDIA, providing a competitive edge in resource acquisition and networking capabilities [1] Group 1: Investment and Growth - The server procurement will be entirely dedicated to providing cloud computing services, with over 20 billion yuan already invested in server purchases this year [1] - Fixed assets reached nearly 6.2 billion yuan by Q3 2025, a significant increase from over 700 million yuan in the same period last year [1] - The company is expanding its infrastructure rapidly to support the high growth of cloud computing business [1] Group 2: Strategic Partnerships - Collaboration with Guangwei Technology and Guangjia Technology focuses on technology cooperation and market expansion in the optical chip and module sectors [2] - The partnership aims to leverage the strengths of each company, with Guangwei specializing in optical chip production and Guangjia in high-end optical modules [2] - The demand for AI computing is driving the expansion of the optical module market, with significant growth expected between 2026 and 2027 [2] Group 3: Future Outlook - The company is set to benefit from the increasing demand for AI computing, supported by ongoing rental orders and multi-track strategies [2] - A loan of up to 500 million yuan will be secured from the controlling shareholder to support operational development and project implementation [2] - The strategic moves indicate a shift from AIoT to becoming a core player in computing infrastructure [2]